topic Re: Income to Credit Ratio in Credit Cards

Income to Credit Ratio

Anonymous — Tue, 21 Jul 2009 20:05:09 GMT

Is there a certain ratio that once your available credit reaches in regards to your income that creditors will then stop extending credit?

Like say you have 25,000 annual income, is there a certain amount of credit limit that you can get and then after that point you would not be able to get anymore unless your income went up?

Thanks! Just curious

Re: Income to Credit Ratio

Anonymous — Tue, 21 Jul 2009 20:12:02 GMT

@Anonymous wrote:
Is there a certain ratio that once your available credit reaches in regards to your income that creditors will then stop extending credit?

Like say you have 25,000 annual income, is there a certain amount of credit limit that you can get and then after that point you would not be able to get anymore unless your income went up?

Thanks! Just curious

Many issuers have DTI and available credit to income limits. There just isn't anyway of knowing what the are unless you are denied credit for "sufficient credit for income" reasons. Even that is a slippery slope. The first time I asked BofA for a CLI I was denied for such a reason. The second time (with exactly the same income stated) I was granted a $4K CLI.

Re: Income to Credit Ratio

haulingthescoreup — Wed, 22 Jul 2009 06:07:57 GMT

I have $131K in total credit limits. My highest CL card has a $27K limit, and it could be higher, except that I wanted to have $10K on a different card from the same bank.

My personal income is around $65-70K; HHI is around $145K.

No one has ever denied me credit for having too much available credit or for insufficient income.