topic Re: What's your highest Credit Card limit? in Credit Cards

What's your highest Credit Card limit?

Anonymous — Wed, 15 Feb 2012 21:20:53 GMT

When I applied for the Amex Delta Reserve card, I nearly fell out of my seat when she told me that my CL will be $25,000. Is there a maximum amount that personal revolving cards cannot exceed? What is your highest CL and which card is it? American Express Delta Reserve: $25,000.

Re: What's your highest Credit Card limit?

boomhower — Wed, 15 Feb 2012 21:39:24 GMT

Amex maxes at $25k for most users, beyond that takes a good bit of extra scrutiny. Many credit unions will go to $50k. There really isn't a max credit limit for a person but each lender determines what there maximum exposure to an individual is. Some places will say that you have to much available credit with other lenders but that isn't the norm, BOA is common with it though.

Re: What's your highest Credit Card limit?

anybodii — Wed, 15 Feb 2012 21:44:10 GMT

I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.

**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...

Re: What's your highest Credit Card limit?

Itsmeagain — Wed, 15 Feb 2012 21:52:39 GMT

@anybodii wrote:
I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.

**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...

Au contraire.

Just this past weekend I purchased a used pickup truck from a local dealer for $17,500 and put it all on a credit card. Then, I transferred funds from savings, paid the card and will enjoy the 17,500 rewards points after the statement drops. I know it is not a universal policy but some dealers will accept credit cards.

Re: What's your highest Credit Card limit?

Anonymous — Wed, 15 Feb 2012 21:58:01 GMT

@Itsmeagain wrote:
@anybodii wrote:
I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.

**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...
Au contraire.

Just this past weekend I purchased a used pickup truck from a local dealer for $17,500 and put it all on a credit card. Then, I transferred funds from savings, paid the card and will enjoy the 17,500 rewards points after the statement drops. I know it is not a universal policy but some dealers will accept credit cards.

True just curious would they of offered you a discount if you paid cash? I am sure they had tp pay a lot to the cc company

Re: What's your highest Credit Card limit?

visorboy1974 — Wed, 15 Feb 2012 22:09:47 GMT

$22,000. UIECU UIAA Rewards Visa

Re: What's your highest Credit Card limit?

anybodii — Wed, 15 Feb 2012 22:30:41 GMT

I guess I couldn't really speak for every car dealer. I wonder if they would have offered a special deal either, why not just pass the savings off to you directly? I've seen a few used dealers put ads for allowing you to use your credit card, but most are shady dealers. I wonder what a chargeback would be like on that...

Re: What's your highest Credit Card limit?

JustMe77 — Wed, 15 Feb 2012 22:32:40 GMT

I know someone with a $50,000 limit on one credit card, but I'm not sure what kind of card it is. I was a little shocked when I saw the statement.

My highest current limit is $3000. My highest limit ever was $6000.

As to the car thing, I think my mom bought a car once using her credit card (well, she was going to pay cash but wanted the airline miles, lol).

Re: What's your highest Credit Card limit?

Anonymous — Wed, 15 Feb 2012 22:56:38 GMT

My highest is a store card $4400

Re: What's your highest Credit Card limit?

mxp114 — Wed, 15 Feb 2012 22:59:03 GMT

I think for most lenders, anything above $20-$25k requires documentation to verify income. I know that Bank of America can issue cards up to $250,000. That might be the cap. I think Discover caps at $100,000.

Re: What's your highest Credit Card limit?

Anonymous — Wed, 15 Feb 2012 23:06:04 GMT

@mxp114 wrote:
I think for most lenders, anything above $20-$25k requires documentation to verify income. I know that Bank of America can issue cards up to $250,000. That might be the cap. I think Discover caps at $100,000.

I wonder if Lili Wayne discover card goes higher, lol he does comericals for a prepaid version of discover

Re: What's your highest Credit Card limit?

anderl — Wed, 15 Feb 2012 23:11:02 GMT

35K w/Chase.

Re: What's your highest Credit Card limit?

Anonymous — Wed, 15 Feb 2012 23:12:32 GMT

$4,000 with Citi.

4 months later and I still can't believe it.

Re: What's your highest Credit Card limit?

mxp114 — Wed, 15 Feb 2012 23:16:53 GMT

@Anonymous wrote:
I wonder if Lili Wayne discover card goes higher, lol he does comericals for a prepaid version of discover

Never seen those ads, I want to check them out.

@anderl wrote:
35K w/Chase.

Did you have to submit documentation or additional steps to get to $35k?

Re: What's your highest Credit Card limit?

Creditaddict — Wed, 15 Feb 2012 23:20:12 GMT

Back in 2000 American Express listed on all Revolving Credit Cards $100k max... I would be surprised if they are not higher now... but as stated $25k seems to be the max for many people unless done by Amex... My father was at $25k on Platinum Optima and was declined CLI to $35k, but was able turn around and apply and instantly be approved for $10k or $15k (for get exact amount) on another Revolver... Over the years since 2000 he eventually had 6 total revolving cards with Amex totally $68k and 1 personal charge and 1 business charge (10k max ever charged on personal and $17k on business) of course then the credit crunch... lines drastically CLD.

Bank of America is $250k

Discover used to be $50k, I think they are $100k now as someone posted but they also seem to be saying these days that they won't go over $15k without something, not sure what.

Nordstrom is $50k but if you want to go above $15k you will most likely need to provide stuff.

Citi is $250k i think

Capital one is $25 or $30k I believe

Neiman Marcus when they use to underwrite themselves they had no limit for "Some Customers" I mean they do sell a Private Plane and people have purchased them on Neiman Marcus card before... now it's with HSBC not sure if they can go million but I would assume Neiman Marcus would not want to loose those customers by selling the credit devision to HSBC.

I have heard as high as $28k on Macy's Store but not sure what max limit is, hard to spend 10k in Macy's unless buying furniture or vacation packages I think!

Re: What's your highest Credit Card limit?

Anonymous — Wed, 15 Feb 2012 23:25:26 GMT

@mxp114 wrote:
@Anonymous wrote:
I wonder if Lili Wayne discover card goes higher, lol he does comericals for a prepaid version of discover
Never seen those ads, I want to check them out.

@anderl wrote:
35K w/Chase.
Did you have to submit documentation or additional steps to get to $35k?

yu can google for the comercial

Re: What's your highest Credit Card limit?

anderl — Wed, 15 Feb 2012 23:48:51 GMT

Started w/10K, maxed it out 3 times in 5mnths and paid it in full; inquired one day about a higher limit and was told it would be a hard pull. I declined. Logged on to my accounts a week later and my CL was 35K.

Re: What's your highest Credit Card limit?

Anonymous — Thu, 16 Feb 2012 15:39:17 GMT

$21,800 AmEx BCP.

Incidentally I plan on buying a used Jeep in the next few days here with my tax refund. I wonder if I'll be able to use my AmEx. If not the other card that'll work is my $14k USAA World MC but USAA's cash rewards structure is craptastic so I'd prefer the AmEx.

Re: What's your highest Credit Card limit?

Open123 — Thu, 16 Feb 2012 15:42:15 GMT

18,600 - AmEx BCE.

Re: What's your highest Credit Card limit?

bakalao2k — Thu, 16 Feb 2012 20:02:01 GMT

@mxp114 wrote:
I think for most lenders, anything above $20-$25k requires documentation to verify income. I know that Bank of America can issue cards up to $250,000. That might be the cap. I think Discover caps at $100,000.

I believe Discover card caps at the 14-16K range per account.