Regular Contributor
Posts: 216
Registered: ‎07-20-2011
What's your highest Credit Card limit?
When I applied for the Amex Delta Reserve card, I nearly fell out of my seat when she told me that my CL will be $25,000. Is there a maximum amount that personal revolving cards cannot exceed? What is your highest CL and which card is it? American Express Delta Reserve: $25,000.

Current myFICO Scores:03/08/12 EQ: 801 • TU: 801 • Bank of America TU FICO: 822 • Credit Karma Vantage: 873

My Wallet: Amex Business Platinum | Amex SPG (5k) | Amex Delta Reserve (33k) | Citi ThankYou Premier World MasterCard (26k) | Chase Mileage Club Visa Signature (15k)
Sock Drawer: Barclay Ring MasterCard (10k) | Discover More (6.5k) | CapitalOne VentureOne (4.5k) | Macy's | Amex Platinum Personal
Valued Contributor
Posts: 1,863
Registered: ‎09-20-2011
Re: What's your highest Credit Card limit?

Amex maxes at $25k for most users, beyond that takes a good bit of extra scrutiny.  Many credit unions will go to $50k.  There really isn't a max credit limit for a person but each lender determines what there maximum exposure to an individual is.  Some places will say that you have to much available credit with other lenders but that isn't the norm, BOA is common with it though.

New Contributor
Posts: 143
Registered: ‎05-31-2011
Re: What's your highest Credit Card limit?
[ Edited ]

I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.

 

**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...

USBank - Cash+ 9k, Harley Visa 5k, Perks+ 6k, Cash Rewards, 1k, Flex 5k ** Cap One - Quiksilver 3k
Chase - United 5k, Amazon 1k, Freedom 2k
AMEX - Blue 6k, Everyday 6700 ** Discover - 9k
CITI - Div 5k, Forward 6k, Diamond 4k ** Wells Fargo - 3k
BOA - Better Rewards 1k, 321 Rewards 9k ** 5/3 - 1k
Store Cards - Amazon 4k, Lowes 6k, Walmart 1k
Established Contributor
Posts: 832
Registered: ‎01-16-2008
Re: What's your highest Credit Card limit?

anybodii wrote:

I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.

 

**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...


Au contraire. 

 

Just this past weekend I purchased a used pickup truck from a local dealer for $17,500 and put it all on a credit card.  Then, I transferred funds from savings, paid the card and will enjoy the 17,500 rewards points after the statement drops.  I know it is not a universal policy but some dealers will accept credit cards.


Starting Score: TU 737 EQ 721
Current Score: TU 741 EQ 741
Goal Score: TU 765 EQ 760


Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
Re: What's your highest Credit Card limit?

Itsmeagain wrote:

anybodii wrote:

I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.

 

**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...


Au contraire. 

 

Just this past weekend I purchased a used pickup truck from a local dealer for $17,500 and put it all on a credit card.  Then, I transferred funds from savings, paid the card and will enjoy the 17,500 rewards points after the statement drops.  I know it is not a universal policy but some dealers will accept credit cards.


True just curious would they of offered you a discount if you paid cash? I am sure they had tp pay a lot to the cc company

Valued Contributor
Posts: 1,170
Registered: ‎05-17-2010
Re: What's your highest Credit Card limit?

$22,000.  UIECU UIAA Rewards Visa

FICO Scores Updated 06/15 EQ08 754 EX08 751 TU08 836
New Contributor
Posts: 143
Registered: ‎05-31-2011
Re: What's your highest Credit Card limit?

I guess I couldn't really speak for every car dealer. I wonder if they would have offered a special deal either, why not just pass the savings off to you directly? I've seen a few used dealers put ads for allowing you to use your credit card, but most are shady dealers. I wonder what a chargeback would be like on that...

 

 

USBank - Cash+ 9k, Harley Visa 5k, Perks+ 6k, Cash Rewards, 1k, Flex 5k ** Cap One - Quiksilver 3k
Chase - United 5k, Amazon 1k, Freedom 2k
AMEX - Blue 6k, Everyday 6700 ** Discover - 9k
CITI - Div 5k, Forward 6k, Diamond 4k ** Wells Fargo - 3k
BOA - Better Rewards 1k, 321 Rewards 9k ** 5/3 - 1k
Store Cards - Amazon 4k, Lowes 6k, Walmart 1k
Frequent Contributor
Posts: 277
Registered: ‎05-27-2009
Re: What's your highest Credit Card limit?
[ Edited ]

I know someone with a $50,000 limit on one credit card, but I'm not sure what kind of card it is. I was a little shocked when I saw the statement.

 

My highest current limit is $3000. My highest limit ever was $6000.

 

As to the car thing, I think my mom bought a car once using her credit card (well, she was going to pay cash but wanted the airline miles, lol).

Current Cards: Banana Republic Visa ($5,300), Chase Freedom ($2,000), Discover It ($11,500), Amex Costco True Earnings ($5,000), Chase Slate ($2,500)
Senior Contributor
Posts: 3,528
Registered: ‎01-19-2009
Re: What's your highest Credit Card limit?

My highest is a store card $4400

Valued Contributor
Posts: 1,488
Registered: ‎09-01-2011
Re: What's your highest Credit Card limit?

I think for most lenders, anything above $20-$25k requires documentation to verify income. I know that Bank of America can issue cards up to $250,000. That might be the cap. I think Discover caps at $100,000.