topic Re: What high limit credit cards should I apply for? And what are my chances? in Credit Cards

What high limit credit cards should I apply for? And what are my chances?

Anonymous — Thu, 06 Feb 2020 23:01:26 GMT

My credit score is 795 - 782 - 778 - FICO SCORES. I have 6 credit cards which are toy limits, altogether $3400 limit, I have a satisfied installment loan for $500 from my credit union reporting on Trans - Experian only. I have an open installment loan for $1,500 (5 months old), on time payments. $23,000 car loan, 14 months - Perfect history (Will be paying off by May).

HOWEVER, I added for 4 AU user accounts to my report

- Cap One - $21,000 - 7 years old

- Discover - $19,000 - 19 years old

- Comenity - $8000 - 5 years

- Bank Of America - $43,000 - 10 years

I checked my credit after a 65 day hiatus of checking my report... paid for the update and my scores are 795 - 782 - 778.

I'm aiming for at least two $15,000 credit card limits... which cards should I apply for? and what are my chances?

Also the tradelines will be closed in about 60 days. My friend just helped me out for a short time. I know my score will take a hit once these accounts close, which is FINE! I will build it back up. I just want to get in the game with some big limits.

CHANCES?

Re: What high limit credit cards should I apply for? And what are my chances?

K-in-Boston — Thu, 06 Feb 2020 23:06:47 GMT

Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?

Re: What high limit credit cards should I apply for? And what are my chances?

AllZero — Thu, 06 Feb 2020 23:08:17 GMT

Does your credit union or bank offer any credit card products?

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Thu, 06 Feb 2020 23:25:23 GMT

@K-in-Boston wrote:
Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?

Well this is obviously not the case. I'll agree that car lenders and any type of funding over $50,000 would be hesitant on considering the AU accounts. But credit card companies doesn't do manual checks, other than CHASE who is giving really big limits. My brother started with absolutely no credit. His girlfriend added him on all 5 of her credit cards, took him from a thin file all the way to a 730. He applied for a CAP ONE card and was approved for a $7500 limit and he also was approved for a $2,500 Discover Card. This was in 2014... here it is 2020, he's in the mid 700's, has gotten a mortgage and so much more. AU users are really helpful, and they're def considered, the lenders doesn't look it at like "Hey someone added her/him to a credit card account just to boost their credit". .... They follow protocol and assume you share responsibility for that card and that you have your own card. Therefore, they will consider it, but other factors such as your own primary credit will come into play, in which I have my own primary credit in addition to the au user accounts

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Thu, 06 Feb 2020 23:27:54 GMT

@AllZero wrote:
Does your credit union or bank offer any credit card products?

Yes I have a credit card $500 limit, that I just got 4 months ago from my credit union!

Re: What high limit credit cards should I apply for? And what are my chances?

Meanmchine — Thu, 06 Feb 2020 23:33:59 GMT

Its looking doubtful. As stated above, maybe NFCU can have another computer episode and approve you for your drem level.

Whats your AoOA ( credit card ) and your AAoA?

"I just want to get in the game with some big limits."

Good luck

Re: What high limit credit cards should I apply for? And what are my chances?

Remedios — Thu, 06 Feb 2020 23:33:16 GMT

You do have auto loan and paid off personal loan, but you also have a bunch of lates that are now only three years old, and your own cards have toy limits.

Most lenders will strip AU accounts, because the before and after picture can be strikingly different. It's been a while since 2014.

You could try Chase and Capital One applications like your brother did, and see if you can replicate those same results.

Those members who are trying to help you today are basing their advice on what's going on in 2020.

Re: What high limit credit cards should I apply for? And what are my chances?

AverageJoesCredit — Thu, 06 Feb 2020 23:34:28 GMT

2020 isnt 2014. Its going to be rare for someone to start getting huge limits right off the bat with only low limits and maybe s thin file. Scores really arent everything imo and a lender will look deeper into a report when giving out big limits. Score, history ,income, amongst other things are factored in. Yes Chase often gives big limits but usually to estsblished profile with really good income.

Im not saying you wont get someone to give a nice limit, it does happen, but it isnt generally the case. As stated , a CU like Navy can , maybe you could get lucky getting the Disco/Amex 10k+ bug but honestly you are rolling the dice. Most lenders dont want to be first to give 10k plus thats why we tske time to build are own credit profiles. Best of luck

Re: What high limit credit cards should I apply for? And what are my chances?

FinStar — Thu, 06 Feb 2020 23:41:16 GMT

@Anonymous wrote:
@K-in-Boston wrote:
Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?
Well this is obviously not the case. I'll agree that car lenders and any type of funding over $50,000 would be hesitant on considering the AU accounts. But credit card companies doesn't do manual checks, other than CHASE who is giving really big limits. My brother started with absolutely no credit. His girlfriend added him on all 5 of her credit cards, took him from a thin file all the way to a 730. He applied for a CAP ONE card and was approved for a $7500 limit and he also was approved for a $2,500 Discover Card. This was in 2014... here it is 2020, he's in the mid 700's, has gotten a mortgage and so much more. AU users are really helpful, and they're def considered, the lenders doesn't look it at like "Hey someone added her/him to a credit card account just to boost their credit". .... They follow protocol and assume you share responsibility for that card and that you have your own card. Therefore, they will consider it, but other factors such as your own primary credit will come into play, in which I have my own primary credit in addition to the au user accounts

Actually, that's not entirely the case for a variety of lenders.

Some have sophisticated AI built into their proprietary UW algorithms and will exclude or strip off AU tradelines for what's commonly known as "piggybacking" (i.e. produce artificially boosted scores/profiles) by a variety of lenders. It really depends on the lender, though.

Plus, as mentioned upthread, lenders these days frequently adjust their UW policies.

Re: What high limit credit cards should I apply for? And what are my chances?

K-in-Boston — Fri, 07 Feb 2020 00:05:28 GMT

@Anonymous wrote:
@K-in-Boston wrote:
Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?
Well this is obviously not the case. I'll agree that car lenders and any type of funding over $50,000 would be hesitant on considering the AU accounts. But credit card companies doesn't do manual checks, other than CHASE who is giving really big limits... <snip> ... AU users are really helpful, and they're def considered, the lenders doesn't look it at like "Hey someone added her/him to a credit card account just to boost their credit". .... They follow protocol and assume you share responsibility for that card and that you have your own card. Therefore, they will consider it, but other factors such as your own primary credit will come into play, in which I have my own primary credit in addition to the au user accounts

Almost everyone here started out with toy limits, today some of us have 7-digit total revolving credit lines. There really are no shortcuts to large credit lines. Due to abuse from people selling tradelines for profit, AU accounts are often discarded completely. Your statement of "Hey someone added her/him to a credit card account just to boost their credit" can be exactly the case for this very reason. On your credit reports, each account shows whether it is individual, joint, or authorized user resposibility. That doesn't require manual review to exclude as any accounts with authorized user in that field can simply be discarded.

You do state in your first post that you have perfect payment history, but previous posts have mentioned lates, judgments, and collections. If those are still on your credit reports, it will be quite difficult to obtain anything other than toy limits.

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Fri, 07 Feb 2020 00:12:28 GMT

@Remedios wrote:
You do have auto loan and paid off personal loan, but you also have a bunch of lates that are now only three years old, and your own cards have toy limits.

Most lenders will strip AU accounts, because the before and after picture can be strikingly different. It's been a while since 2014.

You could try Chase and Capital One applications like your brother did, and see if you can replicate those same results.

Those members who are trying to help you today are basing their advice on what's going on in 2020.

LATES. I HAVE 0 LATES! I didn't state that I have any lates. I never had any late payment and I never had a repo in my life.

Re: What high limit credit cards should I apply for? And what are my chances?

Remedios — Fri, 07 Feb 2020 00:08:57 GMT

@Anonymous wrote:
@Remedios wrote:
You do have auto loan and paid off personal loan, but you also have a bunch of lates that are now only three years old, and your own cards have toy limits.

Most lenders will strip AU accounts, because the before and after picture can be strikingly different. It's been a while since 2014.

You could try Chase and Capital One applications like your brother did, and see if you can replicate those same results.

Those members who are trying to help you today are basing their advice on what's going on in 2020.
LATES. I HAVE 0 LATES! I didn't state that I have any lates. I never had any late payment in my life.

🤷‍♀️

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Fri, 07 Feb 2020 00:16:10 GMT

@K-in-Boston wrote:
@Anonymous wrote:
@K-in-Boston wrote:
Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?
Well this is obviously not the case. I'll agree that car lenders and any type of funding over $50,000 would be hesitant on considering the AU accounts. But credit card companies doesn't do manual checks, other than CHASE who is giving really big limits... <snip> ... AU users are really helpful, and they're def considered, the lenders doesn't look it at like "Hey someone added her/him to a credit card account just to boost their credit". .... They follow protocol and assume you share responsibility for that card and that you have your own card. Therefore, they will consider it, but other factors such as your own primary credit will come into play, in which I have my own primary credit in addition to the au user accounts
Almost everyone here started out with toy limits, today some of us have 7-digit total revolving credit lines. There really are no shortcuts to large credit lines. Due to abuse from people selling tradelines for profit, AU accounts are often discarded completely. Your statement of "Hey someone added her/him to a credit card account just to boost their credit" can be exactly the case for this very reason. On your credit reports, each account shows whether it is individual, joint, or authorized user resposibility. That doesn't require manual review to exclude as any accounts with authorized user in that field can simply be discarded.

You do state in your first post that you have perfect payment history, but previous posts have mentioned lates, judgments, and collections. If those are still on your credit reports, it will be quite difficult to obtain anything other than toy limits

I have no judgements, that's GONE! Paid it off. And LEXINGTON LAW REMOVED IT. I, however did have some collections that are LONG GONE! My credit score is all positive, and the way it looks now, I never had a late and that's what we're basing it on. Everything is POSITIVE ON MY CREDIT.

Re: What high limit credit cards should I apply for? And what are my chances?

K-in-Boston — Fri, 07 Feb 2020 00:18:28 GMT

@Anonymous wrote:
I have no judgements, that's GONE! Paid it off. And LEXINGTON LAW PAID IT OFF. I, however did have some collections that are LONG GONE! My credit score is all positive, and the way it looks now, I never had a late. Everything is clean.

Forgive us for assuming. You just stated that you have never been late in your life, yet have a number of previous posts discussing several judgments, several collections, a closed bank account, 30-60-90 day lates, etc. If all of your reports, including those of lesser-known credit reporting agencies that are often pulled in tandem with EQ, EX, and TU, are clean then you are in better shape.

We're all trying to help you here, but unfortunately I just don't see multiple $15,000+ approvals happening. NFCU is one possible exception.

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Fri, 07 Feb 2020 00:18:43 GMT

I'm GOING TO JUST PULL THE TRIGGER ON BARCLAYS, CAP ONE and DISCOVER... and see what happens. Just came here to get advice or suggestions. I'll be back with my approvals (if any).

Re: What high limit credit cards should I apply for? And what are my chances?

Meanmchine — Fri, 07 Feb 2020 00:19:17 GMT

KiB wrote

"Almost everyone here started out with toy limits"

Some of us, more than once

Re: What high limit credit cards should I apply for? And what are my chances?

AllZero — Fri, 07 Feb 2020 00:21:45 GMT

@Anonymous wrote:
I'm GOING TO JUST PULL THE TRIGGER ON BARCLAYS, CAP ONE and DISCOVER... and see what happens. Just came here to get advice or suggestions. I'll be back with my approvals (if any).

Good luck. I would recommend checking the Discover prequal site first. Hopefully, they have offers.

Re: What high limit credit cards should I apply for? And what are my chances?

Meanmchine — Fri, 07 Feb 2020 00:22:26 GMT

@Anonymous wrote:
I'm GOING TO JUST PULL THE TRIGGER ON BARCLAYS, CAP ONE and DISCOVER... and see what happens. Just came here to get advice or suggestions. I'll be back with my approvals (if any).

DONT APP JUST TO SPITE US.

Good luck

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Fri, 07 Feb 2020 00:29:05 GMT

@K-in-Boston wrote:
@Anonymous wrote:
I have no judgements, that's GONE! Paid it off. And LEXINGTON LAW PAID IT OFF. I, however did have some collections that are LONG GONE! My credit score is all positive, and the way it looks now, I never had a late. Everything is clean.
Forgive us for assuming. You just stated that you have never been late in your life, yet have a number of previous posts discussing several judgments, several collections, a closed bank account, 30-60-90 day lates, etc. If all of your reports, including those of lesser-known credit reporting agencies that are often pulled in tandem with EQ, EX, and TU, are clean then you are in better shape.

We're all trying to help you here, but unfortunately I just don't see multiple $15,000+ approvals happening. NFCU is one possible exception.

Welp, I guess I got carried away with my choice of words and got too excited by saying I never had a late payment in my life... I did, . And I know for **bleep** sure I didn't have "several judgements" lol. I had ONE judgement that is long gone, that post was like 3 years ago. My credit is back on track. I cleaned it up mainly by myself, paid some things off and some collections I didn't pay a thing, just disputed. LEXINGTON LAW removed my one and only judgement that was PAID. I definitely had late payments in the past that turned into collections... honestly what I meant to say was that I never had stated any "late payments" in this OP. And also, to the lenders, it will look like I never had a late payment. Anyhow, I have NOT ONE LATE PAYMENT ON MY CREDIT & I'm sticking to that. And since starting over I have 1 year and 3 month credit age, my oldest card being 2 years old and my youngest card being 4 months old. Car loan is 14 months old. I know my credit is young... that's why I added the AU's.

Re: What high limit credit cards should I apply for? And what are my chances?

Anonymous — Fri, 07 Feb 2020 00:30:57 GMT

@Meanmchine wrote:
@Anonymous wrote:
I'm GOING TO JUST PULL THE TRIGGER ON BARCLAYS, CAP ONE and DISCOVER... and see what happens. Just came here to get advice or suggestions. I'll be back with my approvals (if any).
DONT APP JUST TO SPITE US.
Good luck

No, it's not in spite lol. I was going to apply regardless, that's why I added the au's to began with. I just came here for advice. I'm not mad or upset, I just was giving my opinion on au's and how "I" felt they would be a help. You guys could be right, I guess the only way to really see is to apply.