@asking4afriend wrote:Btw, the specific number @ $98,000 was estimated via a simulator. With that additional amount my score would jump 32-36 points. I see many people with similar scores with multiple $50,000 cards. My EX FICO was 791 before my last student loan was added last month. So, I have the SCORES and the INCOME.
I would take what the simulator tells you with a grain of salt. Seeing what your limits are on the other cards I don't really see a bank giving you $50k starting limits or even $10k. And yes there are some folks here with $50k+ limits but I would bet most are on cards they've had for many years and requested increases over time. I know that's not what you wanted to hear but good luck to you either way
@asking4afriend wrote:Btw, the specific number @ $98,000 was estimated via a simulator. With that additional amount my score would jump 32-36 points. I see many people with similar scores with multiple $50,000 cards. My EX FICO was 791 before my last student loan was added last month. So, I have the SCORES and the INCOME.
Scores and income are only two components used in credit risk analysis. The people you see with similar scores but substantially higher credit limits probably took years or even decades to build up their profiles. Either that or perhaps 8 figures worth of deposits might work.
@asking4afriend wrote:What do you do for a living? I work as a Tech consultant while going to top ten graduate school. My fico/vantage were all above 754 last I checked but I think as of this week they are all over 760. I was at 791 last month before my student loan. So, I am trying to get back to at least that score. So, tell me in your experience what does a 760 FICO say about credit worthiness?
I've never seen a credit card application where they ask if you went to a top 10 business school. That is not a credit risk parameter.
@asking4afriend wrote:Thanks for your response. The title mentioned "blacklisted", to show that I am aware that I might be blacklisted from the aforementioned banks/credit unions. Which is why I asked about alternatives. I can actually use the overseas house purchase as a form of credit (income) in the same country but it's would take a bit longer.
A U.S. HELOC for a foreign property was not a route I even remotely considered. I don't need the money to buy anything I wanted the additional credit line to make my residential visa application even stronger.
What exactly is the wording for the residential visa application requirement? Does it really say $150k in credit limits, or do you need to bring $150,000 of assets with you?
Another thing to consider is even if you were able to pick up 4 cards at $25k each or 2 at $50k Its doubtful you would gain 30 points as you will lower your credit age and incur either 2 or 4 HPs which would ding you pretty good for awhile.