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## What kind of limit is this?

Valued Contributor

## What kind of limit is this?

Ok so people will pay their bills in store, they can bring their statement which we can scan. Well obviously the statement says the Limit. I saw someones limit and i must say my OCD would kick in if that was mine. I like all my limits rounded to the nearest 500.

This persons limit was \$2001 Yes \$2001....whats the extra \$1 for is what i want to know.

I realized i am still young and still have many years to achieve whatever i want.
Message 1 of 7
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Established Contributor

## Re: What kind of limit is this?

Skye12329 wrote:

Ok so people will pay their bills in store, they can bring their statement which we can scan. Well obviously the statement says the Limit. I saw someones limit and i must say my OCD would kick in if that was mine. I like all my limits rounded to the nearest 500.

This persons limit was \$2001 Yes \$2001....whats the extra \$1 for is what i want to know.

Capital One Secured Card when I was approved for it, had a requirement of \$49 for \$200 of CL. So initially, I sent in an additional \$600 which made the Credit Limit to \$751 [200+(600-49)]=751. Sorry for the mathematical explanation at 4am.

Then to round it up to 1000, i sent back an additional \$24 which made my limit to a round \$1000.00

I am not saying that this is what happened for sure, but this is what happened to me, so it is possible.

FICO® EQ 717 (3/5/15); TU08 732 (3/5/15); EX: 723 (3/5/15) - Last app 3/15/15; Inquiries: A TON!

Starting Scores: 590s on 12/2013. Hover over card image to view details! *After Amex approvals - [I was supposed to be] Gardening!*
Message 2 of 7
Valued Contributor

## Re: What kind of limit is this?

Thats interesting from both of you. As for Secured Card, no this wasnt a secured card. It was a Sears MC.

I realized i am still young and still have many years to achieve whatever i want.
Message 3 of 7
Mega Contributor

## Re: What kind of limit is this?

They may have asked for a CLI to make a purchase. PayPal smartconnect is (not!) great about doing that. You want to buy a product ask for a CLI and it asks how much more is needed. If approved that's how much is given and not rounded up to the even amount.

Discover IT \$17k / US Bank Ace (VSig) \$13.5K / US Bank Cash+ (VSig) \$13.5k
Sam's Mastercard \$13.5k / Walmart Mastercard \$10k / Blispay \$7.5k PayPal Ex MC \$6.1k
CareCredit 5k / Husq \$5k / Cap1 QS \$4.5k / Barclay Ring \$4.85k / Citi DC (WMC) \$7.1k
Gardening Date 7/01/16 / MyFico 08: EQ 801 / TU 777 / EX 771 / 06/08/17
Message 4 of 7
Established Contributor

## Re: What kind of limit is this?

Skye12329 wrote:

Ok so people will pay their bills in store, they can bring their statement which we can scan. Well obviously the statement says the Limit. I saw someones limit and i must say my OCD would kick in if that was mine. I like all my limits rounded to the nearest 500.

This persons limit was \$2001 Yes \$2001....whats the extra \$1 for is what i want to know.

I agree about the odd number bothering me. I would probably ask for a CLD to \$2,000 if it was mine lol.

EX FICO (AMEX): 728 (4/29/17) | TU FICO (Discover): 737 (4/7/17) | EQ FICO (Citi): 746 (3/28/17)
Message 5 of 7
Regular Contributor

## Re: What kind of limit is this?

When I worked retail customer service, our financing bank told us that the 1 at the end meant that we could call for a same day CLI on the day they applied and they'd be instantly approved.

Hilton Honors \$15,000 | AMEX Green | Chase Sapphire Preferred \$9000 | Discover IT \$6600 | Marriott Premiere Rewards \$5000 | Chase Freedom \$5500 | Barclaycard Visa with Apple Rewards \$2000 | CapitalOne Quicksilver One \$2000 | US Airways Dividend Miles \$2400
Message 6 of 7
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Established Contributor

## Re: What kind of limit is this?

My OCD would kick in big time if I had a limit like that

Amex PRG: NPSL | Amex Blue Cash Everyday: \$15,300 | Navy FCU Cash Rewards: \$19,500 | Chase Marriott Rewards: \$7,500
Chase Freedom: \$5000 | Discover It: \$5000 | Barclays Extra Points: \$5000
23 year old building credit since age 17. FICO: 783
Message 7 of 7