topic Re: What Total Household Income do you need to see $25K Credit lines? in Credit Cards

What Total Household Income do you need to see $25K Credit lines?

Anonymous — Tue, 25 Sep 2007 23:51:12 GMT

I was just thinking about that. Me and the hubby make over 6 figures but I wonder if you could make $50K and get a $50K credit line.

Just curious if anyone knows.

Before my raise I was making $49K and had credit card limits starting at $10K. Of course the LOVE button has gotten me way beyond that..

I hope everyone is having a awesome week!

Re: What Total Household Income do you need to see $25K Credit lines?

Anonymous — Tue, 25 Sep 2007 23:56:58 GMT

Well, I'm living proof that Household income doesn't matter last year I made 93,500 by myself without DW and I can't seem to get a card over 5K yet but I'm working on it with the help of this site and you good people..

Re: What Total Household Income do you need to see $25K Credit lines?

Anonymous — Wed, 26 Sep 2007 00:24:28 GMT

You will be there my friend!!! I find AMEX the most generous. Once you get that card, credit line increases for you. With your income you can swing $10K easy. I made half of that and still got good credit lines with them

Re: What Total Household Income do you need to see $25K Credit lines?

Anonymous — Wed, 26 Sep 2007 03:20:10 GMT

I say 25% to 50% of Annual income.

Yet I have seen people with over 100% and people under 5%.

Re: What Total Household Income do you need to see $25K Credit lines?

haulingthescoreup — Wed, 26 Sep 2007 05:04:44 GMT

Well, I'm still sitting here, blinking, trying to figure out how this happened, but I just hit the button on my USAA screen, asking for a CLI on my teeny little $4500 USAA AmEX CC, and they said, here's $25K. I reported $9400/ month gross, which is a bit under our total HH income. Don't know where that came from--I feel like the dog that chased the truck and caught it, and now can't figure out what to do with it. Sock drawer time in Tennessee!!!

So in my little corner of the Smoky Mountains, it appears to be $9400/ month, $112,800/ year will get you a $25K increase in your credit line. whew

Re: What Total Household Income do you need to see $25K Credit lines?

Anonymous — Wed, 26 Sep 2007 06:27:02 GMT

WOW A 5x+ increase.
The Fico gods will love you for this....

@haulingthescoreup wrote:
Well, I'm still sitting here, blinking, trying to figure out how this happened, but I just hit the button on my USAA screen, asking for a CLI on my teeny little $4500 USAA AmEX CC, and they said, here's $25K. I reported $9400/ month gross, which is a bit under our total HH income. Don't know where that came from--I feel like the dog that chased the truck and caught it, and now can't figure out what to do with it. Sock drawer time in Tennessee!!!

So in my little corner of the Smoky Mountains, it appears to be $9400/ month, $112,800/ year will get you a $25K increase in your credit line. whew

Re: What Total Household Income do you need to see $25K Credit lines?

haulingthescoreup — Wed, 26 Sep 2007 07:43:34 GMT

Timothy wrote: WOW A 5x+ increase. The Fico gods will love you for this....

I don't get it, I just don't get it...

Re: What Total Household Income do you need to see $25K Credit lines?

haulingthescoreup — Wed, 26 Sep 2007 08:50:45 GMT

So I just looked again, and they rounded it off to a nice tidy $30K. Just don't get it.

Re: What Total Household Income do you need to see $25K Credit lines?

gringo43 — Wed, 26 Sep 2007 19:19:44 GMT

There's just something about a 5 digit CL that makes you wanna go ......Holy chit!

Big congrats atcha!

Re: What Total Household Income do you need to see $25K Credit lines?

haulingthescoreup — Wed, 26 Sep 2007 22:13:42 GMT

Thanks, although it's going to be a major struggle just getting the 1% ($300) on the silly thing every month! I just have credit cards, I don't really use them. It's always something...

But it's such a nice problem to have.

Re: What Total Household Income do you need to see $25K Credit lines?

Anonymous — Wed, 26 Sep 2007 23:07:48 GMT

@ haulingthescoreup - May we ask what are you current FICO scores?

-d

Message Edited by onehotcuban on 09-26-2007 06:07 PM

Re: What Total Household Income do you need to see $25K Credit lines?

haulingthescoreup — Wed, 26 Sep 2007 23:26:05 GMT

@Anonymous wrote:
@ haulingthescoreup - May we ask what are you current FICO scores?

-d

Message Edited by onehotcuban on 09-26-2007 06:07 PM

Sure (these are all FICO scores):

EQ 651 (9/23)
EX 674 (9/11)
TU 668 (9/11)

Even though there's almost a two-week spread in the scores, the reports all have the same info. These come from being added as an AU to DH's 18-year-old Discover to get some history, and they show 6% utilization. They don't include the $50K HELOC that USAA just gave me last week. Interestingly, USAA pulls from EQ in my neck of the woods (always my low score--grrr), but since the only missing info was a USAA CC PIF and the HELOC, I suppose that didn't matter.

These aren't wonderful scores by any means, but my only baddies are lates--all of which were paid--and sorta short credit history. I've been a member of USAA for 28 years, and by sheer dumb luck, I have never bounced a check, missed a CC payment, or anything else with them. They're great about looking at the whole picture, not just the scores.

And this CLI had to have been pre-approved, or at any rate fitting some sort of parameters. I was up most of the night with an asthma attack, and I think this happened around 2:30 a.m. No pauses, no humans, just click, and boom there it was. Must have been the albuterol!

Re: What Total Household Income do you need to see $25K Credit lines?

Anonymous — Thu, 27 Sep 2007 15:55:21 GMT

There are no absolute rules.

I had an AmEx green card for 19 years. Recently I converted to Blue. They asked for my HHI and I refused to provide it. They grumbled but gave me the card with some wacky limit like $13,400. I called to request a CLI and again I refused to disclose HHI. I got $25,000. If they ever try to FR me, they can kiss a 20-year customer bye-bye.