topic Re: Credit Limits above $50K ... anyone? in SmorgasBoard

Credit Limits above $50K ... anyone?

Aim_High — Thu, 09 May 2019 23:10:54 GMT

I have seen a few postings about credit lines ABOVE $50K on a single credit card. That is my highest current card limit.

I do know that many lenders put an upper limit on how much they will loan to ANY single creditor on a particular type of card or in total credit lines, regardless of your credit score or income. Credit lines over $50K seem to be rare from my experience, but feel free to prove me wrong.

If anyone has MORE than $50K on a SINGLE credit account, please discuss it here. (This is not counting multiple accounts with a single bank or your overall limit with several banks.) What card? What was your initial credit line? How long have you had it? What is current credit line? And what is your income & credit score?

Re: Credit Limits above $50K ... anyone?

Anonymous — Thu, 09 May 2019 23:15:47 GMT

I do not myself. One of my friends has a $92k limit on a Citi Prestige though, that is the highest limit I heard of.
His income is cerca $150k, no idea about the rest.

Re: Credit Limits above $50K ... anyone?

Anonymous — Thu, 09 May 2019 23:21:10 GMT

I have a Bank of America/University of Michigan Alumni Cash Rewards Visa Signature card that currently has a $70,000 credit limit. The account was opened on 8/3/17 as a $2,000 Platinum Visa.

Re: Credit Limits above $50K ... anyone?

JamP — Thu, 09 May 2019 23:23:44 GMT

The closest card I have is my BCE at $48,500 - my last cli was denied. I was hoping for a cool 50k.

My next closest one is my Discover IT at $39,500 which will probably never see 50k.

If the Citi Gods allow me to get in under the CLI train, my Citi DC will be real close.

Re: Credit Limits above $50K ... anyone?

CreditCuriosity — Thu, 09 May 2019 23:24:11 GMT

Many people have cards higher than 50k on a single card. My highest personally at the moment other forum members are at 99k that i cant think of off hand and yet others > 100k on a single card

Re: Credit Limits above $50K ... anyone?

iced — Thu, 09 May 2019 23:44:53 GMT

@Aim_High wrote:
I have seen a few postings about credit lines ABOVE $50K on a single credit card. That is my highest current card limit.

I do know that many lenders put an upper limit on how much they will loan to ANY single creditor on a particular type of card or in total credit lines, regardless of your credit score or income. Credit lines over $50K seem to be rare from my experience, but feel free to prove me wrong.

If anyone has MORE than $50K on a SINGLE credit account, please discuss it here. (This is not counting multiple accounts with a single bank or your overall limit with several banks.) What card? What was your initial credit line? How long have you had it? What is current credit line? And what is your income & credit score?

Chase Sapphire Reserve at $80,000. Started at $30,000 and had it about 2.5 years (or however long it's been around take a few months). Both income and score are unremarkable.

Re: Credit Limits above $50K ... anyone?

nccarguy1 — Thu, 09 May 2019 23:46:13 GMT

Two. Chase CSR at $60,000. Original CL was $34,000. Got to current CL by combining and closing old cards. NFCU Flagship at $75,000. Started at $25,000 6-7 years ago. Reconnect when I got the card and got increase to $40,000 with same inquiry. 2 years ago I stopped at branch and asked for increase to $75,000. Was put on phone and asked to provide paystubs. Sent them that night why I got home. Got email notification the next afternoon with approval.

Re: Credit Limits above $50K ... anyone?

Anonymous — Fri, 10 May 2019 00:00:13 GMT

My Spark is 150 K, but it is a business credit line for my personal biz. It does report to my credit however. C1 is one of the stingiest lenders with high credit limits so it took a bit of work.

Re: Credit Limits above $50K ... anyone?

seattlecredit08 — Fri, 10 May 2019 00:21:00 GMT

Very interesting thread. I don't have yet any cards over $50K; the closest I have is just over $30K.

What I am always curious about is how does one typically grow SL on these type cards, e.g. going from the initial SL of let's say $20-$30K to $80K.

Is it almost always through a customer -initiated CLI or auto-CLI?

The reason I am asking is because while we do hear quite a bit about > $50K limits, we almost never hear about SLs over $50K on a single revolver.

Thanks!

Re: Credit Limits above $50K ... anyone?

AverageJoesCredit — Fri, 10 May 2019 00:31:20 GMT

I have a $500 credit card! Nobody beats the Wiz!

Re: Credit Limits above $50K ... anyone?

iced — Fri, 10 May 2019 00:31:38 GMT

@seattlecredit08 wrote:
Very interesting thread. I don't have yet any cards over $50K; the closest I have is just over $30K.

What I am always curious about is how does one typically grow SL on these type cards, e.g. going from the initial SL of let's say $20-$30K to $80K.

Is it almost always through a customer -initiated CLI or auto-CLI?

Yes to all of the above. In my case, I've never had an auto-CLI from Chase, but I've made multiple $10,000-at-a-time CLI requests that were all instantly approved over the phone. As I retired old cards of theirs, I would call up and roll/split that CL to another card or cards. If/when I retire my United MP card with them, I'll roll its CL over to CSR too.

Re: Credit Limits above $50K ... anyone?

Anonymous — Fri, 10 May 2019 00:36:04 GMT

@AverageJoesCredit wrote:
I have a $500 credit card! Nobody beats the Wiz!

I have a $500 U.S. Bank Platinum Visa. We're tied.

Re: Credit Limits above $50K ... anyone?

CreditCuriosity — Fri, 10 May 2019 00:38:21 GMT

@Anonymous wrote:
@AverageJoesCredit wrote:
I have a $500 credit card! Nobody beats the Wiz!
I have a $500 U.S. Bank Platinum Visa. We're tied.

only us bank can really do this to a good profile lol

Re: Credit Limits above $50K ... anyone?

Anonymous — Fri, 10 May 2019 00:44:41 GMT

@CreditCuriosity wrote:
@Anonymous wrote:
@AverageJoesCredit wrote:
I have a $500 credit card! Nobody beats the Wiz!
I have a $500 U.S. Bank Platinum Visa. We're tied.
only us bank can really do this to a good profile lol

So true... I'm working them to see if they will give me an auto-CLI but they gave one to my Cash+ instead. Just not ready to spend a hard pull to get it increased.

Re: Credit Limits above $50K ... anyone?

Anonymous — Fri, 10 May 2019 00:56:16 GMT

@seattlecredit08 wrote:
Very interesting thread. I don't have yet any cards over $50K; the closest I have is just over $30K.

What I am always curious about is how does one typically grow SL on these type cards, e.g. going from the initial SL of let's say $20-$30K to $80K.

Is it almost always through a customer -initiated CLI or auto-CLI?

The reason I am asking is because while we do hear quite a bit about > $50K limits, we almost never hear about SLs over $50K on a single revolver.

Thanks!

It boils down to persistence and experience.

Initial CL's aren't going to be amazing in most cases. Typical CL's starting out for those of us in the game for awhile typically range from 25-50K depending on the depth of profile.

Growth though when it comes to banks isn't usually something they're going to just cough up on their own. For instance when I picked up Citi cards they opened at 11K and CLI at open to 16K and the other opened at 8K and CLI to 13K when activating. I don't quite get why they don't just offer you the best CL when opening instead of making you app for a CLI and another HP but, as your profile gains depth the HP's don't really matter from the stand point of your scores. Why you have to push them for that extra 5K they withold on approval just doesn't make much sense but, it is what it is.

If you don't PUSH them your limits won't move much on their own. IIRC there's 1 or 2 CU CC's I have that did grow on their own but, not significantly within a short 2-5 year time frame. Squeaky wheel gets the CLI!

Re: Credit Limits above $50K ... anyone?

ChargedUp — Fri, 10 May 2019 01:00:17 GMT

@AverageJoesCredit wrote:
I have a $500 credit card! Nobody beats the Wiz!

I still have a stereo that I bought from The Wiz...

My BoA AAA Rewards card is at $55K. Started at $2500 in 3/17, BoA kept popping the CLI increase button up, so I kept hitting it!

TU floating in the 680-710 range through most of it, $145K a year for income.

Re: Credit Limits above $50K ... anyone?

Viva-LV — Fri, 10 May 2019 01:11:46 GMT

@seattlecredit08 wrote:
Very interesting thread. I don't have yet any cards over $50K; the closest I have is just over $30K.

What I am always curious about is how does one typically grow SL on these type cards, e.g. going from the initial SL of let's say $20-$30K to $80K.

Is it almost always through a customer -initiated CLI or auto-CLI?

The reason I am asking is because while we do hear quite a bit about > $50K limits, we almost never hear about SLs over $50K on a single revolver.

Thanks!

I have a Merrill+ with a 50k cl. Starting limit: 18k. My cl exposure with BOA is 76k, so I'm sure I could swap some cl to exceed 50k. Took 18 months, combining cl's from 4 BOA cards. It was just a goal, that's why I stopped at 50. Could probably do the same with Am Ex (63.4k tcl's), but don't want to poke the bear.

Re: Credit Limits above $50K ... anyone?

Anonymous — Fri, 10 May 2019 01:41:06 GMT

There was a thread a few weeks ago about getting a CO over 100k (with a BofA card specifically). Couple people chimed in with cards around 128k and 150k. A former 'banker' mentioned clients with cards around 200k.

I think the moral of the thread was if you want to break a 100k CL, be prepared to submit a couple years of W2 forms and proof of your assets.

Edit: how did those quotes get into my reply?! (Seriously lol, I never quote on mobile since it almost always gets messed up).

Re: Credit Limits above $50K ... anyone?

Shooting-For-800 — Fri, 10 May 2019 02:14:55 GMT

Anyone with an AmEx black card has way more than 50k available.

Re: Credit Limits above $50K ... anyone?

iheartwings — Fri, 10 May 2019 02:25:52 GMT

Currently, I have two cards with CLs > $50k:

Discover it CL $63.5k, opened 2012 with $2.5k limit, last SP CLI 8/2016.

Citi Double Cash $59.2k, opened 2015 with $9k limit, last SP CLI 3/2019.

Both cards actually have had 1 HP CLI (Discover in 2013, and DC in 2016).