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Does a mix of high and low limits hurt profile?

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Does a mix of high and low limits hurt profile?

In six months my BoA Cash Rewards card has gone from $1500 to $13700 CL while my Discovery IT has gone from $500 to.....$1500, yay.

Does having a low-limit card in the mix actually hurt my credit profile? If another bank could only "see" the BofA, I might actually be better off such that the Discovery should be closed? Credit score is around 720.

Also, is it meaningless to do AZEO with zero balance on the two credit cards and keep the balance on a third if the latter is a charge card? I am not sure whether all three would have to be revolvers.
Message 1 of 16
15 REPLIES 15
Regular Contributor

Re: Does a mix of high and low limits hurt profile?

I think I can only answer your first question and I don't think it matters "how big of a credit line you have for each card". I wouldn't close the card just because of the credit line when you already have a CC with a high credit line.

Amex Gold: No pre-set spending limit

Chase Sapphire Reserve: 10k

Amazon Prime Store Credit Card: 4k

Citi American Airlines MileUp: 3.1k

Capital One Quicksilver One: 2.5k

Capital One SavorOne: 2k

Discover it Miles: 1.5k

AAdvantage Aviator Red: 3k

Chase Sapphire Preferred: 800

EX: 690 | EQ: 680 | TU: 677
Message 2 of 16
Valued Contributor

Re: Does a mix of high and low limits hurt profile?

From my understanding, having a high limit and a low limit does not have an affect on your score. What matters is your total limit and the utilization. Just keep in mind that a low limit card will hit the utilization much quicker then a high limit. As long as you keep utilization under 8.9% (8% is safer), you should be okay. Also with Discover, put some charges through it for 3-6 months, you should be able to get a CLI and have it bumped up to a more satisfactory limit.


Scores - All bureaus 750 +/-
TCL - Est. $275K
Message 3 of 16
Senior Contributor

Re: Does a mix of high and low limits hurt profile?

Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 4 of 16
Community Leader
Super Contributor

Re: Does a mix of high and low limits hurt profile?

No
#ChaseCreditCardHobby Enthusiast
2022
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Message 5 of 16
Community Leader
Senior Contributor

Re: Does a mix of high and low limits hurt profile?


@RoadVIking wrote:
Also, is it meaningless to do AZEO with zero balance on the two credit cards and keep the balance on a third if the latter is a charge card? I am not sure whether all three would have to be revolvers.

If your aim is AZEO, the balance should be on one of the revolvers, and the charge card should report zero. Most FICO models ignore charge cards in the calculation of utilization. At least one model (a mortgage score) will compute utilization by using the highest balance on the card as your "limit."

Message 6 of 16
Valued Contributor

Re: Does a mix of high and low limits hurt profile?


@FireMedic1 wrote:

Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.


Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?



















Your FICO credit scores are not just numbers, it’s a skill.

Message 7 of 16
Community Leader
Senior Contributor

Re: Does a mix of high and low limits hurt profile?


@Medic981 wrote:

@FireMedic1 wrote:

Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.


Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?


I'd say that "shark cards" come from Credit One and the like. The Capital One card is from a "good" bank. The flaw is that it's not a keeper card unless the annual fee is removed.

 

I can't see the annual fee causing a utilization issue unless utilization is an issue otherwise. A $39 fee on a $200 limit is still under 20%, which is safely in the "reponsible" range.

Message 8 of 16
Senior Contributor

Re: Does a mix of high and low limits hurt profile?


@Medic981 wrote:

@FireMedic1 wrote:

Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.


Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?


Nope. Credit One, Surge Card, Matrix card, Total Visa, Milestone,ect.





My posts are JMHO. I DO NOT claim to be a FICO expert. Just sharing my experiences from rebuild to recovery after BK DC. My siggy is not to brag at all. Just to show fellow members what can be accomplished when you do it right and play the FICO Credit Game.
Message 9 of 16
Valued Contributor

Re: Does a mix of high and low limits hurt profile?


@FireMedic1 wrote:

@Medic981 wrote:

@FireMedic1 wrote:

Dont close cards. Unless its a loan shark card. Disco will go up in time. They'll see how your BoA card is growing and get jealous and CLI's by you or them will come in. Wouldnt worry about banks and FICO doesnt care about your CL's. It how you take care of your cards.


Do you count a low CL bucketed Cap1 card causing high credit utility with an annual fee as a "shark card"?


Nope. Credit One, Surge Card, Matrix card, Total Visa, Milestone,ect.


So you are talking about sub-prime predatory lender cards...



















Your FICO credit scores are not just numbers, it’s a skill.

Message 10 of 16
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