topic Re: CCL what amounts are considered high on average? in Credit Cards

CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 00:12:26 GMT

I have 1 CC MBNA PLT+ $20K- 6 add CC @ $10k each- 2 CC @ 8K-1 @ 7200 My FICO"s are EQI783 TU780 EXP760. Are these CLI"s average I know that other people have considerable higher, limits than what I have curiosity where do I stand in the mix of things. Credit 08

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 00:17:28 GMT

Most people on this board do not even have one $10k card forget a $20k card. Most people here consider $10k to be a high limit. With your scores you may be able to get cli's though.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 00:24:29 GMT

Thanks for quick reply I dont intend to come across as being holier than thou its that I have never had, access to talk openly across the board with you fine folks on any of these topics just wanted somones elses opinions. credit 08

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 00:30:32 GMT

You did not come across as holier than thou. I was just pointing out that many on here have not yet been blessed with a cls that high. I currently don't even have a $5k card. But will next year when all the inq's from my app spree hit a yr. and stop holding my score down.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 01:27:59 GMT

Adding htis up -- you have almost 100K in available credit. It not chickenfeed!

Re: CCL what amounts are considered high on average?

dragnldy — Fri, 04 Apr 2008 01:33:03 GMT

When I had really good credit (I really did once upon a time pre-marrying ex), I had 2 @ 5K and one @ 3K. And that was when I was in my early twenties.

Re: CCL what amounts are considered high on average?

MattH — Fri, 04 Apr 2008 02:15:58 GMT

Well, I dunno what's typical but here are my current CC limits:

Chase Card $25,000
Citicard $23,400
Discover Card $10,400

They keep raising my limits and making balance transfer offers in the futile
hope of getting me to carry a balance since I pay in full every month, my only
debts are the car which will be paid off in a couple months and the mortgage.
My wife calls them "credit pushers" for trying so hard to get us running up a
balance.

DW is an authorized user on the Chase Card and has her own Citicard with
I think about a $7K limit (like me she doesn't carry a revolving balance).
She is also on mortgage, but car loan is in my name only.

I also have two Amex cards, my personal card which is my oldest active
account and a Corporate Card through work, but these have no predefined limit.

Re: CCL what amounts are considered high on average?

fused — Fri, 04 Apr 2008 02:32:23 GMT

Amongst most of us FICO freaks, 10K would be considered quite high. For those in the real world, 20K and up.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 02:35:10 GMT

FWIW, when asked to estimate your own credit rating on CapOne's site, one of the requirements for being able to say you ave "Excellent Credit" is that you have a CC with a limit greater than $10K.

Then again, that's CapOne, so take it for what it's worth.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 03:10:54 GMT

Most people I know with credit scores in the 780-820 range had a est total combined credit limits of about 25% of their net-income. None had over $100k in revolving credit or under $10k in rev credit. Avg again for CLs about $5,000 up to $25,000, a few at $30k and none over that.

However people that I know with scores between 720-750 had credit limits about 60%-120% of their Gross income. Avg credit line was about $5,000; rarely do I ever see over $15k regardless of income.

And finally people that I know that have scores below 640 have between $100-$1,200 total credit lines regardless of income with the average CL $325.

This was just a rough think up. Age had another effect on CLs too since older folks had more time for credit line increases.

With credit scores 780+. Regardless of income. If you are under 25 yrs and have over $80k in total rev credit you are way a head of mostly all. Over 30 yrs and have over $100k in total credit you are way a head of mostly all.

And I'm just guessing on this one... If you have more than $150 in total rev credit at any age, you probably in my "guess" have more than 89% of the USA.

And anyone who qualifies for a $30k CL for a single card has some seriously great credit! You need more than a good credit score for $30k. I'd say it's not how much you have but what is your highest card limit. It's easier to get 10 cards with $10k than it is to get 1 card with $30k. But I'd say I only know 1 person under 30 yrs with over $40k in total rev credit. That's a lot of money.

You also have to take in to count the Home factor. Do you rent or own. It makes all the difference. If you rent and have over $30k total credit you are doing amazing! However with good credit and a deed on a home $30k total credit is not that difficult if your income will support it because the bank knows they can hold up the sale of your house one day to get paid if needed. So if you have all that credit and no home that's something I very rarely see people get half way close to.

Message Edited by ilovepizza on 04-03-2008 08:10 PM

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 02:43:43 GMT

With solids seven hundreds, I consider anything above 15K high credit. I think 10K - 15K is pretty average for those with good credit and aren't CLI freaks, like me! All my cards around 15K...a few will shoot up to about 20K this month and then in its clear sailing until I get the USAA card and a store card in the years to come...

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 03:16:14 GMT

@Anonymous wrote:
@I have 1 CC MBNA PLT+ $20K- 6 add CC @ $10k each- 2 CC @ 8K-1 @ 7200 My FICO"s are EQI783 TU780 EXP760. Are these CLI"s average I know that other people have considerable higher, limits than what I have curiosity where do I stand in the mix of things. Credit 08

Just wondering... What is your age and do you own a home. Do I have this correct at $103,200 for your total rev credit? Wow! You don't see that too often regardless of income.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 03:22:58 GMT

In our household, we have:

1@26K
3@20K
1@10K
1@5K
2 "no specific limit"

I have no idea if that's a lot or a little relative to our credit scores and income.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 03:56:34 GMT

@Anonymous wrote:

@Anonymous wrote:
@I have 1 CC MBNA PLT+ $20K- 6 add CC @ $10k each- 2 CC @ 8K-1 @ 7200 My FICO"s are EQI783 TU780 EXP760. Are these CLI"s average I know that other people have considerable higher, limits than what I have curiosity where do I stand in the mix of things. Credit 08

Just wondering... What is your age and do you own a home. Do I have this correct at $103,200 for your total rev credit? Wow! You don't see that too often regardless of income.

Interesting stats. I guess I'll disclose my age and total available revolving credit since it differs from the info presented. I'm 22 and I have a total available credit of 68.5K. I'm hoping to have about 80K by end of the month, spread over 6 cards. I rent, but hope to own in the next year or so...hence, my credit fanaticism right now. Lol. I know I'm weirdo at times.

Message Edited by Pj1369 on 04-03-2008 11:56 PM

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 04:01:10 GMT

I had $20k total when I was 22. And I was trying to get more and more credit. But $20k was my best limit. My girlfriend 22 has about $25k total combined with my help. I'd say you are a high very roller when it comes to credit lines.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 04:07:03 GMT

I agree with pizza. At 22 I was lucky if I could scrounge up gas money.

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 04:07:16 GMT

@Anonymous wrote:
I had $20k total when I was 22. And I was trying to get more and more credit. But $20k was my best limit. My girlfriend 22 has about $25k total combined with my help. I'd say you are a high very roller when it comes to credit lines.

Not a high roller at all ...it's all thanks to you and others on the forums. Without the forums, I would have never known to ask for CLIs every six months, and last year, pre-credit crunch, I was doing every 3 months, lol. Pre-forums, I had about $25K, lol...

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 04:09:56 GMT

well, not wanting to brag (really). under 40, annual salary of just over 72k, roughly 80k in total revolving lines, and not one of my scores have never been over 700 (yet).

highest cc limit is 19k, i love citi as much as they are loving me!

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 04:11:46 GMT

@dnm45227 wrote:
well, not wanting to brag (really). under 40, annual salary of just over 72k, roughly 80k in total revolving lines, and not one of my scores have never been over 700 (yet).
highest cc limit is 19k, i love citi as much as they are loving me!

I'm glad to hear citi is so full of love, lol. Did you achieve that CL w/out any hards by chance?

Re: CCL what amounts are considered high on average?

Anonymous — Fri, 04 Apr 2008 04:13:57 GMT

no. citi love has always been hard for me. however, i started w/them 9 months ago and i have 20k already. reallocated 9k from 1 card to my newest card to obtain 19k. i'm hoping boa and nat city (both 12K) get jealous when it hits the reports and compete for my buis.