topic Re: Credit card that raises limits quickly in Credit Cards

Credit card that raises limits quickly

Manicete — Tue, 12 Dec 2023 19:45:18 GMT

Hi all, just need some insight. My credit cards are relatively low limits all 500 and under except my usaa. But I'm looking for one, even if starting with a small limit but quickly giving credit limit raise. I've heard that discover is very generous about raising limits even if it starts with a low limit. Any other cards I can look into?

Re: Credit card that raises limits quickly

Rogue46 — Tue, 12 Dec 2023 20:01:53 GMT

Yes Discover is known to raise limits pretty quickly also Amex can be very generous with lots of spend. If you are eligible for Navy federal that can also be quite generous on starting limits and increases

Re: Credit card that raises limits quickly

BigBS — Tue, 12 Dec 2023 20:10:07 GMT

YMMV with any creditor.

Re: Credit card that raises limits quickly

JoeRockhead — Tue, 12 Dec 2023 21:17:14 GMT

Just my opinion but I wouldn't count on Discover, as they can be hit or miss on SLs and CLIs. They like to be your main card and also see healthy spend on a regular basis.

Trying to go too fast while building/rebuilding your credit generally results in low limit approvals, and/or eventual outright denials due to what's viewed as aggressive credit seeking. You just got approved for an Amex platinum. Amex can be very generous with CLIs and additional SP approvals. I don't know what cards you currently have but it would be better for you to concentrate on building the limits of those cards through SP CLIs if/when available and allowing more time to build more positive credit history, rather than trying to add new accounts too fast.

If for some reason your other cards are ineligible for CLIs, now or in the near future, I'd recommend sticking with what you have for another 6 months minimum before trying to add any more new accounts.

Re: Credit card that raises limits quickly

CYBERSAM — Tue, 12 Dec 2023 22:16:09 GMT

Generally any CC that allows SP for CLI has potential to grow. That includes Chase and Cap1 (if your not bucketed). As long as you put usage on cards they tend to give you CLI.

I would say setup a strategy to upgrade your existing cards and cancel any cards that are not moving or secure CCs

Make a realistic wish list, and work toward it. I would strongly advise against apping for CCs hoping for high SL just because.

Also it would boost your score if you fully pay all the balance to zero except one card and let that report for one month before apping for anything new.

Re: Credit card that raises limits quickly

SouthJamaica — Tue, 12 Dec 2023 23:05:56 GMT

@Manicete wrote:
Hi all, just need some insight. My credit cards are relatively low limits all 500 and under except my usaa. But I'm looking for one, even if starting with a small limit but quickly giving credit limit raise. I've heard that discover is very generous about raising limits even if it starts with a low limit. Any other cards I can look into?

I agree with @JoeRockhead that Discover is no longer dependable in generosity of CLI's. American Express is probably the most CLI friendly of the big commercial lenders. NFCU is probably the most CLI friendly of the credit unions. But there are a whole lot of variables, and you haven't told us much about your profile.

Re: Credit card that raises limits quickly

NoMoreE46 — Tue, 12 Dec 2023 23:43:18 GMT

If you would share your profile, we could help more.

Amex is 3x but if you are in the $500 SL range with others, Amex will not likely approve you.

Re: Credit card that raises limits quickly

dunn2500 — Wed, 13 Dec 2023 00:27:18 GMT

AMEX and navy are very friendly.....navy gave me 22k when i was @ 5k on other cards, havent tried 3x with AMEX but they have jumped me up regulary

Re: Credit card that raises limits quickly

pizzadude — Wed, 13 Dec 2023 00:52:47 GMT

@Manicete wrote:
Hi all, just need some insight. My credit cards are relatively low limits all 500 and under except my usaa. But I'm looking for one, even if starting with a small limit but quickly giving credit limit raise. I've heard that discover is very generous about raising limits even if it starts with a low limit. Any other cards I can look into?

Rather than seeking new credit have you tried requesting CLIs from your existing creditors ? Also if you can share any details about your credit profile as mentioned it would be helpful as well.

Re: Credit card that raises limits quickly

Drifter73 — Wed, 13 Dec 2023 01:51:14 GMT

Quick cli's is probably going to be different for everyone and profile dependent at the time of the cli request.

My quickest 5 to grow with the biggest cli jumps were Macys, Bread 2% Amex, Home Depot, CareCredit and Citi CC 5% MC.

My 5% CreditOne Amex also goes up $250 every 6 months with a sp, but they charge a one time $13.89 fee for every cli they give on that card. Slow growing, but consistent.

Re: Credit card that raises limits quickly

NoMoreE46 — Wed, 13 Dec 2023 02:35:15 GMT

Hey @Manicete,

As alluded by @JoeRockhead, I found your DPs from your Amex Platinum approval.

profile

tu-695

eq-714

ex-713

under 10% utilization

5 inquiries in the last year.

7 cards total all around 500 or less other than my USAA Amex rewards which is at 2000.

@NoMoreE46 wrote:
If you would share your profile, we could help more.

Amex is 3x but if you are in the $500 SL range with others, Amex will not likely approve you.

Re: Credit card that raises limits quickly

Manicete — Wed, 13 Dec 2023 02:49:33 GMT

Sure have tried calling to raise it, none of them would raise them, besides 1 and that was $100. They're all crap credit cards that I don't use. I'll be calling USAA on Thursday for a cli. I used it for 7 months straight using it to almost 5k a month and paid down under 30%, with multiple payments.

Re: Credit card that raises limits quickly

maxchurn — Wed, 13 Dec 2023 16:51:09 GMT

Like most things with credit this one is subjective. Are you looking for quality or quantity? If quantity, anyone that doesn't have a hard rule on their CLI's and without a hard pull (Discover's auto CLI button). If quality, i'd have to go NFCU at $8K per raise on their Flagship card if you don't want a HP.

Many of the big banks IME, provided you have a good profile, will give you large limits on reconsideration or if you're okay with a hard pull. Up to you whether or not the hard pulls are okay to have for two years.

Re: Credit card that raises limits quickly

youngandcreditwrthy — Wed, 13 Dec 2023 17:35:25 GMT

look into Synchrony Bank Visas/MCs or even Comenity. They are sort of sub prime ish and can come with big limits.

also remember CLs are heavily dependent on income. a person with a 600 FICO and 200k income will get a higher limit than someone with a 600 FICO and 20k income.

Re: Credit card that raises limits quickly

Deity606 — Wed, 13 Dec 2023 19:23:46 GMT

Try Macy's store credit card. The beginning balance is usually low but after 4 or 5 months you can request an increase and you can ask for a specific amount. I started Nov 2022 with $300 and got an automatic increase to $500 in January 2023. In August 2023 I asked for a $3000 increase and they approved me for $2000, bringing my limit to $2,500 it is now December 2023 and I have been given an upgrade to the Macy's AMEX credit card. You can use this card anywhere that accepts AMEX. You can ask for increases every 4 to 6 months.

Re: Credit card that raises limits quickly

Drifter73 — Wed, 13 Dec 2023 20:22:16 GMT

@Deity606 wrote:
Try Macy's store credit card. The beginning balance is usually low but after 4 or 5 months you can request an increase and you can ask for a specific amount. I started Nov 2022 with $300 and got an automatic increase to $500 in January 2023. In August 2023 I asked for a $3000 increase and they approved me for $2000, bringing my limit to $2,500 it is now December 2023 and I have been given an upgrade to the Macy's AMEX credit card. You can use this card anywhere that accepts AMEX. You can ask for increases every 4 to 6 months.

Ya, likewise, my Macys went from $500, to $1500, to $5800 within the 1st year of having it.