topic Re: Must Have Card in Credit Cards

Must Have Card

Express — Tue, 04 Jun 2013 22:31:15 GMT

Hi, just want to see if anyone know what is the latest must have card that gives out high limits!

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:34:41 GMT

There's really no one card that is suitable for everyone.

High / low limits depends mostly on your income and credit report.

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:35:56 GMT

@Express wrote:
Hi, just want to see if anyone know what is the latest must have card that gives out high limits!

What are you looking for? Just a high initial CL? Travel rewards? Cashback? Low APR?

Re: Must Have Card

mcf — Tue, 04 Jun 2013 22:38:01 GMT

Im going with CSP

Re: Must Have Card

Express — Tue, 04 Jun 2013 22:39:07 GMT

What are you looking for? Just a high initial CL? Travel rewards? Cashback? Low APR?

High Limit

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:40:23 GMT

Can you define what you regard as high? 200k CL? 50k? 20k? 5k?

It honestly depends on your CR and income. Some cards have minimum 5k CL but they will just decline you if they do not think you qualify for a 5k CL

Re: Must Have Card

Express — Tue, 04 Jun 2013 22:43:02 GMT

Starting @ 50K

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:43:30 GMT

@Express wrote:
High Limit

Well your best bet for high limits is usually a CU. If you qualify for NFCU, they're quite generous. Alternately, most Amex cards can grow to large limits thanks to the 3x CLI. You can even break past 25k if you're prepared to present your tax documents for income verification.

Prior to my CLI from Amex, Chase gave me my highest limit, but I'd had previous accounts with Chase and do my checking with them, so that may have influenced their decision to give me a larger CL than my other cards.

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:46:19 GMT

If your income and CR supports a 50k line, you can try chase sapphire preferred, Merrill+, chase palladium (need to be CPC to qualify), citi prestige / thank you premier, American Express revolvers and charge cards.

Basically any prime bank will be willing to offer you 50k if they think you qualify for it.

Re: Must Have Card

b_seeker — Tue, 04 Jun 2013 22:46:23 GMT

Looking at your current limits, I doubt any card would throw a 50K limit at you off the bat unless you have very high income.

Re: Must Have Card

Express — Tue, 04 Jun 2013 22:47:33 GMT

Thanks

I'm still waiting on Amex they did a FR about 3 weeks ago

Re: Must Have Card

theoldnocreditmaster — Tue, 04 Jun 2013 22:49:55 GMT

I landed a 32K initial limit with the Chase Marriott Premier Signature. Not 50k but I think I can make it in three years. Not sure who may issuing that type of credit for a personal credit card.

Re: Must Have Card

Express — Tue, 04 Jun 2013 22:50:28 GMT

Looking at your current limits, I doubt any card would throw a 50K limit at you off the bat unless you have very high income.

I have the income.

Re: Must Have Card

Express — Tue, 04 Jun 2013 22:53:56 GMT

I landed a 32K initial limit with the Chase Marriott Premier Signature. Not 50k but I think I can make it in three years. Not sure who may issuing that type of credit for a personal credit card.

Thanks,

Maybe I'll try a Credit Union

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:54:54 GMT

Well, as you said, if you have the income, AMEX would most likely cater to you, but you'd have to present proof of it, once the CLIs keep coming.

Re: Must Have Card

Express — Tue, 04 Jun 2013 22:58:10 GMT

Well, as you said, if you have the income, AMEX would most likely cater to you, but you'd have to present proof of it, once the CLIs keep coming.

Proof has been sent to Amex Waiting on a response

Re: Must Have Card

Anonymous — Tue, 04 Jun 2013 22:59:13 GMT

If you do get the higher CL on AMEX, wait until the new limit reports, and then you will be better off for a decent starting limit.

Re: Must Have Card

Express — Tue, 04 Jun 2013 23:01:46 GMT

If you do get the higher CL on AMEX, wait until the new limit reports, and then you will be better off for a decent starting limit.

Thanks

Re: Must Have Card

theoldnocreditmaster — Tue, 04 Jun 2013 23:06:04 GMT

If you have the income, get the CSP from Chase with a high initial credit line and then the Marriott Premier. Once approved for both, you could request to consolidate all of your lines into the CSP. My first round with Chase (CSP) was 28K, a week later they gave me 32K with the Marriott Premier. Both were instant approval.

So, theoretically, you could combine them for one card. (Preferably the CSP )

If they let me I would have one card with a 60K limit… Just a thought...

Re: Must Have Card

Express — Tue, 04 Jun 2013 23:08:25 GMT

Thanks, I will look into that