topic Re: Generous CLs? in Credit Cards

Generous CLs?

Anonymous — Fri, 07 Mar 2008 06:34:46 GMT

So my bf pulled his scores today because he got curious with all my credit talk and decided to take a peek and see what his scores looked like.

TU 704, EQ 723, EX 707

His credit history is basically as follows (keep in mind I didn't see his reports so I don't have the exact info):

He's 25 opened a card when he turned 18 so it's about 7 years old, and aside from that single CC he's got about 30k in student loan debt. He has ONE single baddie, a late payment and that was in 2004. All his loans are several years old as well.

The CC had a $500 limit and since he was never concerned with it he never asked for an increase, but he got a letter last week saying they upped his limit to $2500. The balance is around $200 on it so the Utl is pretty much perfect.

What I'm wondering is if it'd be good for him to open 1-2 more revolving credit lines in order to get a strong, and long (if 3-5 years counts as long considering his age), history in the books before we start looking into houses in a few years?

If that is a good plan, who would be the most generous with the Credit limits for his score range?

Thanks in advance (again),
Ja' Net

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 07:02:20 GMT

Bank of America usually offers generous credit limits. Initially, they may not give you an extremely high credit line, but they're known to give substantial credit line increases.

Message Edited by psychic on 03-06-2008 11:02 PM

Re: Generous CLs?

Red1Blue — Fri, 07 Mar 2008 10:30:55 GMT

Lately Citi seems to be very generous with CL's. I got two cards one with 5K and other with 12K CL.

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 13:45:51 GMT

I concur with concord...Citi. And I _hate_ to admit, Chase can be generous with CL. I'm currently not on the happy-Chase list though. I used to be.

Re: Generous CLs?

MidnightVoice — Fri, 07 Mar 2008 14:01:02 GMT

My highest initial CLs came from Juniper

Re: Generous CLs?

dangphuocloc72 — Fri, 07 Mar 2008 14:12:09 GMT

APPLIED LAST WEEK , HAVE MAIL TODAY , THEY ASK ME SEND FOR THEM COPY OF GREEN CARD . HOPE THEY GIVE ME NICE CL UP TO 15K . LOL . TU = 700+ WHAT CL DO YOU GUYS THINK THEY GIVE TO ME ? .

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 16:37:49 GMT

Thanks everyone I'll probably tell him to look into a Citi card first because they definitely seem to be pretty generous lately and go from there.

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 17:24:25 GMT

Ja' Net............he may also want to check out his local CU. They are usually very generous. I have had Chase and Citi cards for many years, but my CU is far more generous with CL's.

Whatever route he chooses, good luck.

Re: Generous CLs?

techgirl — Fri, 07 Mar 2008 17:27:41 GMT

Just got $15,000 BT from BoA Amex...

Re: Generous CLs?

dangphuocloc72 — Fri, 07 Mar 2008 17:36:38 GMT

wow that good cl , congra......... to you

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 18:09:04 GMT

cobra19 wrote:
Ja' Net............he may also want to check out his local CU. They are usually very generous. I have had Chase and Citi cards for many years, but my CU is far more generous with CL's.

Whatever route he chooses, good luck.

I definitely thought about that, but he's waaaaaay too lazy to go to a CU and talk to someone. Internet app'ing or bust haha

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 18:09:25 GMT

That's pretty awesome, congrats!

Re: Generous CLs?

Anonymous — Fri, 07 Mar 2008 20:44:50 GMT

For bank cards, I'd suggest Citi Diamond Preferred, Citi Cash Returns, and Discover more.

That's who I applied for and was approved on all 3 within the past 2 weeks. I'm in Texas and all 3 pulled TU on me with a 655.