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Which credit cards generally have CLs that start at $10k and up?
My understanding is that any of the Visa Infinites (such as CSR) will have a $10k minimum (but also require a $10k limit on another card). I've heard United Club Card starts at $15k. I don't recall what cards in the same category as Amex Centurion offer, as those are a bit outside my range.
@VanderSnoot wrote:My understanding is that any of the Visa Infinites (such as CSR) will have a $10k minimum (but also require a $10k limit on another card). I've heard United Club Card starts at $15k. I don't recall what cards in the same category as Amex Centurion offer, as those are a bit outside my range.
Except when they don't US Bank issues their US Bank Altitude Reserve Visa Infinite Cards at lower CLs such as $3,000. Might have even read about a lower limit.
Unlike the old days where Visa and Master Card used to dictate minimum credit lines it is 'free willy' today. Citi Bank issues revolving limits NPSL's down to $1,000 on some of their cards (unreal) that are World and World Elite Master Cards. Status just isn't what it used to be
As long as I am on the roll, the revolving NPSL of $5,000 as set by Visa and Master Card was eliminated effective to August 1, 2015. What does this mean? It is totally up to the individual lender to do what ever their hearts desire on flexible spend card limits and they do! Will add, some of the lenders reported Flexible Spending to the credit bureaus and when they discontinued the requirement eliminated it from their cards but forgot to remove the reporting from the Credit Bureaus such as USAA Federal Savings Bank (no extra charge for that piece of important trivia).
@Anonymous wrote:
What does your profile currently look like? That will matter more than anything. There can be instances where a lender would happily offer person A a $10k+ line but not person B because of scores/cards/limits/utilization/derogs.
Your question is far too vague to answer. A better way would be “here’s my current card lineup, scores, age factors, and existing derogs. Who might be willing to extend a $10k+ SL?”
Ok. Currently have 3 cards with $700, $1000, $1300 limits. No derog on credit report. All FICO 8 scores are above 740. Overall AAOC is about 8 years. Have credit cards and installment loans (car, student) for credit mix.
@Anonymous wrote:
As long as I am on the roll, the revolving NPSL of $5,000 as set by Visa and Master Card was eliminated effective to August 1, 2015. What does this mean? It is totally up to the individual lender to do what ever their hearts desire on flexible spend card limits and they do!
Right, and as the higher level cards generate higher swipe fees, once issuers have nerfed many of the extra benefits, there is little incentive for issuers NOT to go to higher tiers. Which is why, sadly, moving to a VS or WEMC isn't always a vindication of success on your credit journey, more an opportunity for the issuer to get some more money.
I remember when i was looking for my first $10k card, I had cards at 6k and 7k - then i applied for a US Bank platinum - straight in at $18k, Once i had got this card, it seemed to trigger higher CLs across the board, it seems that once one lender shows confidence in you - others will follow