topic Re: Your first $10,000+ Limit? in Credit Cards

Your first $10,000+ Limit?

KLEXH25 — Sun, 02 Jun 2019 21:22:03 GMT

Out of curiosity, how long did it take some of you to start seeing credit card limits from $10,000 and up? I'm referring more to when you're starting out with new credit (short credit history) rather than rebuilding. Was it from a starting limit or CLI? What were the limits of your other cards at the time? Any information you can remember or provide is appreciated...thanks!

Re: Your first $10,000+ Limit?

Anonymous — Sun, 02 Jun 2019 21:29:20 GMT

I've seen it vary from a person with 0 cards and only AU accounts pull off a 15K CSR app last week, another post in approvals for Amex 15K w/ AU only accounts, and so on...

It varies by profile but, I would say most of us generally find the key to getting there is to push the CLI buton as often as practical until the CL breaks through the barrier.

Re: Your first $10,000+ Limit?

KLEXH25 — Sun, 02 Jun 2019 21:39:03 GMT

@Anonymous wrote:
I've seen it vary from a person with 0 cards and only AU accounts pull off a 15K CSR app last week, another post in approvals for Amex 15K w/ AU only accounts, and so on...

It varies by profile but, I would say most of us generally find the key to getting there is to push the CLI buton as often as practical until the CL breaks through the barrier.

You bring up a good point by mentioning AUs. I'd rather have data points from people with no AU accounts, as that artificially inflates your credit age.

Re: Your first $10,000+ Limit?

Anonymous — Sun, 02 Jun 2019 21:37:58 GMT

Yeah, if it hadn't been so long ago I could pull up a CR and see when it happened through the old reports. Those accounts have been dead a LONG time now and aged off eons ago. I know it took a couple of years to get to the point of an initial limit hitting 10K+ by chance. Back then thinking to come here on dial-up would have been the last thing to do. Back before there was FICO as we know it today and each bureau had their own scoring systems in place and you actually mailed in the app w/ a stamp on it.

Re: Your first $10,000+ Limit?

Anonymous — Sun, 02 Jun 2019 21:48:47 GMT

My second card back in like 2007 was $12K I believe. US Bank practically threw the thing at me. My first card was BoA at $6500. It was a lot easier to get credit back then - I didn’t have an AU to give me a hand and I didn’t have any credit at all until that 18% variable APR offer came from BoA.

With my rebuild, my first $10K that I didn’t get through account combinations was surprisingly my Disco. First CLI brought me from $7,500 to $10,500.

Re: Your first $10,000+ Limit?

Revelate — Sun, 02 Jun 2019 21:54:38 GMT

10/11 -> 7/15.

I wasn't playing hard, Amex did get me to 9K after the second 3X CLI back in 2013 and then both Fidelity/Barclays sniffed around that range in 2014, but there was a lot of gardening in there where I wasn't touching my credit report prepping for a mortgage; soon as the mortgage closed pulled a trigger on the then CSP and picked up a 22k line.

Re: Your first $10,000+ Limit?

KELSTAR — Sun, 02 Jun 2019 22:03:44 GMT

@KLEXH25 wrote:
Out of curiosity, how long did it take some of you to start seeing credit card limits from $10,000 and up? I'm referring more to when you're starting out with new credit (short credit history) rather than rebuilding. Was it from a starting limit or CLI? What were the limits of your other cards at the time? Any information you can remember or provide is appreciated...thanks!

My first 10k+ was 10/15/17(a Sunday). Discover SL $15,000 on an Experian pull FICO 683. Dirty file but most almost 6 years old or older and about to fall off credit report.

Income was $89,000 at the the time.

Highest revolving limit prior was a $2,000 Visa at my local bank(opened in Jan 2015) that I used heavily. Almost always reporting greater than 50% utilization and many times approaching 90%. I didn't care about the effects of that utilization at the time and thus that was my FICO score almost every month. I paid in full monthly. I only had a CAP1 Platinum card with a $800 limit as another revolver and no inquiries on report except a mortgage inquiry in August of that year and car loan inquiries that were consolidated into 1 inquiry.

Now that Discover limit is $24,000 and is my highest. Love the card! I use it heavily on category spend but that is still under 2k a month.

I can offer an opinion on what gets you a credit line of 10k or more on my recent experience; and that is,

1. At least 2 years clean report(totally clean is not necessary)

2. Extremely limited inquiries.

3. Heavy utilization of current cards.

4. Paid monthly of total previous heavy utilization.

5. Limited new accounts recently opened(like 1 or fewer in last 6 months)

Just my opinion and some data points for my fellow FICCOERS!

Peace out!

Re: Your first $10,000+ Limit?

Turbobuick — Sun, 02 Jun 2019 22:25:41 GMT

There wasn't always "CLI buttons" or even online accounts. Larger limits come with the ability to handle credit and credit history. My first $10000 line might have been 20-30 years ago, but getting one seemed to breed many. Most of my lines are over $15000, way more than necessary. It was simplier times before the days of rewards, 2-3 cards were plenty.

Recently Amex chopped my BCE $24K line to $12K. It was surprising, but in the end I didn't care because I don't $12K either. I went from spending $300-500 a month on groceries to zero because we got a better grocery card.

Re: Your first $10,000+ Limit?

FloydWonder — Sun, 02 Jun 2019 22:47:46 GMT

My first (and only, so far) 10k limit is my Wells Fargo PLOC opened May of last year. At the time of my application, my AoOA was 10 months and AAoA was somewhere around 6 months.

Had two small CCs ($1500 & $500) plus a 4 month old auto note. Asked for $10k, and $10k I received. There was a also paid T-Mobile collection on file dated 10/16.

Re: Your first $10,000+ Limit?

pinkandgrey — Sun, 02 Jun 2019 23:18:59 GMT

My Amex BCE was the first over 10k. It was via CLI, though, not SL.

Re: Your first $10,000+ Limit?

Andypanda — Sun, 02 Jun 2019 23:39:18 GMT

My AAoA is 14 months, no baddies. I got 2 cards in may of '18. a cap1 QS OF $3,000 which 3 months later got an auto CLI of $8,500 for a total of $12,500. a few days before I app for citi costco Visa. Sl of $8,500. about 6 months later i got a CLI of $2, 000 for a total CL of $10,500. My first SCL above $10,000 was about 2 wekks ago I got a AMEX BCE with a SL of $10,500. Looking forwrd to day 61 on that card.

Re: Your first $10,000+ Limit?

zerofire — Mon, 03 Jun 2019 00:13:44 GMT

I remember that card fondly. It was my Capitol One Quicksilver. It came with an SL of $10,000 and it never changed to this day. I used it on very limited occasions with other cards having replaced its usefulness. These days it sits in the sock drawer awaiting its fate of either being PC'd or combined with a future card.

Re: Your first $10,000+ Limit?

KLEXH25 — Mon, 03 Jun 2019 00:39:20 GMT

@pinkandgrey wrote:
My Amex BCE was the first over 10k. It was via CLI, though, not SL.

What was the age of your accounts at the time? Like, how far into your credit history did that happen?

Re: Your first $10,000+ Limit?

etatauri — Mon, 03 Jun 2019 00:42:30 GMT

I've had credit cards since 2005 in college, but they were mostly credit builders and parts of checking/savings/credit combo offers. Of course I haven't really been serious about credit cards and credit scores until this year so I only had store cards.

They all had 1k - 6k CL.

My first serious card I got was this year when I got a 20k CL on the Savor, which was quite surprising. After that, I was able to get the Amex Blue Preferred for 11k instant approved.

Re: Your first $10,000+ Limit?

howellco2 — Mon, 03 Jun 2019 01:30:05 GMT

i have several cards over 10k now but mostly from CLI i just got my first 12k approval last week from penfed

Re: Your first $10,000+ Limit?

EdMan63 — Mon, 03 Jun 2019 01:52:13 GMT

My Delta Amex was 10k. I was my first credit card I applied for after having one Visa for 20 years with a 1.5k limit!!!!! Lol. Sometimes I still can’t believe I did it.

Re: Your first $10,000+ Limit?

Credit-hoarder — Mon, 03 Jun 2019 01:57:11 GMT

USAA approved me for $11k only 2 mos. into my rebuild back in 2013. It was a good thing I was laying down (home sick in bed with my laptop) when the approval screen came up---I couldn't believe it!

Re: Your first $10,000+ Limit?

Anonymous — Mon, 03 Jun 2019 02:01:43 GMT

Okay, ... so I've been clean for almost 2 years now.
Oh, .. wait. Nevermind.
Wrong meeting.
Also, that's a vicious lie. 😜

Um, about Feb of 2017, I got a couple small clothing cards by myself ($750-$1250), and my mom had me as an unsuspecting co-signer for a Cap1 QS, an Amazon Store card, and a couple low end starters from Credit One. All of which only made me an AU, but I still see our Cap1 QS on my credit report to this day. It's never gone past it's SL of $1250. 😥
Then I got a couple more of my own (like a $750 Cap1 Plat) by that summer (Jun '17). Eventually, I got mail every other week for pre-apps on Citi DP and Disco IT. I was approved for both, $5500 Citi and $6500 Disco. Day before Thanksgiving in 2017, my mother wanted to buy a new solar house and go back to work instead of staying retired. She also wanted a Tesla! 😯
She went back to work day after Thanksgiving, so did I.
I used my two "big" cards all X-Mas to book us flights and hotels, then I needed dental work. Had to get a Carecredit card, was approved for $15k (Mar. '18). By May '18, I had found a solar house for sale. I used the SCT to get a decent SL of $1500 from Wayfair (also the usual $750 Vic Sec).
I bought the house, closed in Aug. and used my cards to move, furnish or upgrade, etc. By Oct. 2018, Citi DP was $10k, Disco was $10k, Cap1 Plat was $6k, even Wayfair was $4k.
I waited till May '19 to app again, now my Cap1 is a Venture WEMC (I think), my Citi DP is at $14k, My Disco is at $14,700, and I got a new Citi DC for $11k.
So, ...? Less than 2yrs? 1 yr to get the Carecredit $15k? 1 1/2 for the others?
And my FICOs were all about 620-650 when I started. Now all much higher, about 770 to 800.

Yeeup. 😛😜😝

Re: Your first $10,000+ Limit?

coreysw12 — Mon, 03 Jun 2019 02:07:59 GMT

In 18 years of having credit, I've still never broken the $10k barrier. But that's because I've gone through a credit crisis and rebuild twice over the years. I was almost there about 7 years ago, I had a few cards in the 7-9k range, but then my credit fell apart. Recently started a rebuild, now my biggest card is $8,600.

I'm ok with it, honestly, having a $10k card isn't that important to me right now. My $20k in total credit (across 4 cards) is way more than enough for the time being.

I do pump about $8k/mo through my cards, so it would be sorta nice to have higher SLs so I don't have to make multiple payments per billing period, but for now I can make do.

Re: Your first $10,000+ Limit?

coreysw12 — Mon, 03 Jun 2019 02:10:27 GMT

More on point with the OP's question, about how long it takes FRESH (not rebuilt) credit to hit a 10k+ SL, like I said I never actually did hit it, but from my first credit card when I was 18 until I started messing up my credit ~20, I only ever got it as high as $5k on any one card. So I'd imagine it takes a few years, unless you speed up the process with AU accounts.