topic Re: Sams biz store card limits in Business Credit

Sams biz store card limits

rchvmz — Mon, 05 Sep 2022 20:50:24 GMT

What is the highest credit limit seen on the Sams Business Store Card?.........I cannot find much on this site on that topic.

Any of you ballers care to chime in.....I heard it can be as high as 50k, but that was not from this site.

Re: Sams biz store card limits

TryItAgain — Mon, 05 Sep 2022 23:43:17 GMT

Mine was 12.5k upon open, then 1 cli later 25k. I don't plan on asking for more, prefer to finally get the MC version instead.

So dunno if goes higher but wouldn't surprise me.

Re: Sams biz store card limits

rchvmz — Tue, 06 Sep 2022 01:28:22 GMT

@TryItAgain wrote:
Mine was 12.5k upon open, then 1 cli later 25k. I don't plan on asking for more, prefer to finally get the MC version instead.

So dunno if goes higher but wouldn't surprise me.

I have the store card---my SL was 2500.00---4 statements later, 25k------I applied for the Sams biz MC after using the store card for 3 months....approved with 8K SL-----3 statements later, 25K also-------Im probably not going to ask for CLI on store card, just curious--but I do plan on asking for CLI on MC after a few more months----I will be asking for 50K......I seen one guy has that limit, so its possible.

Re: Sams biz store card limits

TryItAgain — Fri, 09 Sep 2022 22:10:38 GMT

@rchvmz wrote:
@TryItAgain wrote:
Mine was 12.5k upon open, then 1 cli later 25k. I don't plan on asking for more, prefer to finally get the MC version instead.

So dunno if goes higher but wouldn't surprise me.

I have the store card---my SL was 2500.00---4 statements later, 25k------I applied for the Sams biz MC after using the store card for 3 months....approved with 8K SL-----3 statements later, 25K also-------Im probably not going to ask for CLI on store card, just curious--but I do plan on asking for CLI on MC after a few more months----I will be asking for 50K......I seen one guy has that limit, so its possible.

Grats on the MC, how long until you received the card in the mail? I went back into the store today actually to try for the no PG Business Sams MC again (2nd try), fortunately got it this time, approved with a 10k SL. Nice to finally have a Business 5% gas card along with the 3% dining & sams club. Just such an archaic way you have to apply for this.

Please do update this thread when you go for the 50k CLI, I will likely go same route, ask for 25-30 in a few months, but would love the data points.

Real question is what in the world do I do with the Sams Business Store card now, just use it once a year for business credit padding?

Cheers!

Re: Sams biz store card limits

RehabbingANDBlabbing — Sat, 10 Sep 2022 11:13:27 GMT

@TryItAgain wrote:
@rchvmz wrote:
@TryItAgain wrote:
Mine was 12.5k upon open, then 1 cli later 25k. I don't plan on asking for more, prefer to finally get the MC version instead.

So dunno if goes higher but wouldn't surprise me.

I have the store card---my SL was 2500.00---4 statements later, 25k------I applied for the Sams biz MC after using the store card for 3 months....approved with 8K SL-----3 statements later, 25K also-------Im probably not going to ask for CLI on store card, just curious--but I do plan on asking for CLI on MC after a few more months----I will be asking for 50K......I seen one guy has that limit, so its possible.
Grats on the MC, how long until you received the card in the mail? I went back into the store today actually to try for the no PG Business Sams MC again (2nd try), fortunately got it this time, approved with a 10k SL. Nice to finally have a Business 5% gas card along with the 3% dining & sams club. Just such an archaic way you have to apply for this.

Please do update this thread when you go for the 50k CLI, I will likely go same route, ask for 25-30 in a few months, but would love the data points.

Real question is what in the world do I do with the Sams Business Store card now, just use it once a year for business credit padding?

Cheers!

As I understand it, Business Experian and Dun &Bradstreet only show the high credit amount, not the limit. You should charge up a high balance and let it report once, then pay it off. Then just use the card occasionally to keep it active. I think that is how you get the utilization padding effect, but you won't see the full limit unless you charge it up and pay it off. At least that's my understanding of it. Anyone else should chime in if they know something I don't.

I currently have the store card with an SL of $8k. I don't see the harm in asking for a CLI because I'm planning on aping for the Mastercard version after 3 months. I'm always waiting for some stuff to report as paid off, so my Experian business score will go from 71 to closer to 100.

Re: Sams biz store card limits

rchvmz — Sat, 10 Sep 2022 15:31:33 GMT

@RehabbingANDBlabbing wrote:
@TryItAgain wrote:
@rchvmz wrote:
@TryItAgain wrote:
Mine was 12.5k upon open, then 1 cli later 25k. I don't plan on asking for more, prefer to finally get the MC version instead.

So dunno if goes higher but wouldn't surprise me.

I have the store card---my SL was 2500.00---4 statements later, 25k------I applied for the Sams biz MC after using the store card for 3 months....approved with 8K SL-----3 statements later, 25K also-------Im probably not going to ask for CLI on store card, just curious--but I do plan on asking for CLI on MC after a few more months----I will be asking for 50K......I seen one guy has that limit, so its possible.
Grats on the MC, how long until you received the card in the mail? I went back into the store today actually to try for the no PG Business Sams MC again (2nd try), fortunately got it this time, approved with a 10k SL. Nice to finally have a Business 5% gas card along with the 3% dining & sams club. Just such an archaic way you have to apply for this.

Please do update this thread when you go for the 50k CLI, I will likely go same route, ask for 25-30 in a few months, but would love the data points.

Real question is what in the world do I do with the Sams Business Store card now, just use it once a year for business credit padding?

Cheers!
As I understand it, Business Experian and Dun &Bradstreet only show the high credit amount, not the limit. You should charge up a high balance and let it report once, then pay it off. Then just use the card occasionally to keep it active. I think that is how you get the utilization padding effect, but you won't see the full limit unless you charge it up and pay it off. At least that's my understanding of it. Anyone else should chime in if they know something I don't.

I currently have the store card with an SL of $8k. I don't see the harm in asking for a CLI because I'm planning on aping for the Mastercard version after 3 months. I'm always waiting for some stuff to report as paid off, so my Experian business score will go from 71 to closer to 100.

Yes, that accurate. I used to have D&B as a paid report where I could log in--they pulled some shady stuff, so I got my full refund back. I do have Biz Experian as a paid subscription and it shows the high credit charged, not the card limit. When I let it report a high bal, (3800 charged and 3800 as a balance) and it was NOT paid off, my score dropped considerably for the 1 month--to something like a 70, from 84---the following month as it showed a 0 balance and a high credit of 3800, my score jumped to 100!......I do have 10 trades showing and a 4 year file----but anytime there is a balance reporting, the score drops. This month, I had a gas card that I thought I paid b4 the statement cut, I miscalculated and a 271 balance reported--score went from 100, to 85.....9 other trades all have 0 balance. My Sams business MC has 25k limit, so I am going to charge a huge amount, 10k or so, let it report as a balance, just to get the high credit limit up, then PIF--my score will suffer another month, but after that, it will be a stroger file with a 10k high credit PIF