Moderator Emeritus
Posts: 16,253
Registered: ‎03-12-2007
Re: Credit Limit Calculations?

schwag wrote:
I'm not sure if this has been asked before, but I searched and couldn't find an answer.  So here goes:
How do CCC's determine how much credit they will grant you.  I am sure they all vary to some degree, but does anyone have a general idea of how this is done?
Thanks in advance!:smileyhappy:

The three C's: Character, Capacity and Capital are huge!
1.) FICO scores, not FAKOs
2.) Payment history with CCs (character)
3.) Income (capacity)
4.) Debt to income
5.) Own property? (capital)
7.) They determine if you're a revolver or a PIF deadbeat
6.) They determine how much they can profit from you! This might be the most important  factor!:smileyhappy:
There are other factors but I think these are the major ones.
Credit Cards:
Amex BCP 25K ~ Amex Clear 25K ~ Amex Platinum NPSL ~ Chase Freedom Visa 19.3K ~ CITI Dividend World Mastercard 20.3K ~ FIA Fidelity Investments Platinum Plus Visa 40K ~ First Hawaiian Bank Gold Visa 10K