Annual incomes for different limits...

[Anonymous]

Slightly OT: One of the things about limits, unlike say a mortgage rate, is that you can't really shop around, you have to apply (and take any HP hit) to find out what you would, and actualy did(!), get for a credit limit.    

So since it's not a competitive bid, and because a lower limit means a lower risk, I would expect lenders to always give CLs on the low side compared to what would be considered appropriate by say a mathematical model.   

I guess the counterweight might be if it's found that higher CLs encourage people to use the card more.  (I mean in the sense of a $20K CL means that people spend $5K, whereas a $10K they spend $2K, rather than the case of people maxing out, where obviously a higher credit limit means more spending).

And then there is the NFCU model.  Find the correct number and double it.  No, triple it. Oh, and double that as well!

[Anonymous]

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@Anonymous wrote:

That algorithm would be interesting to see for sure.  

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Aye.  I am a pilot and do a lot of free lance work.  As such my income can be quite high or more middle of the road depending upon how much extra Cabo San Lucas runs I make in folks Gulfstreams and Citations.  I can show 50K per year or 150K per year in no time flat.  Its just the way of things when it comes to aviation and corporate flying.  One month you are never home and the next you are home all the time.  (being away from home is good for the ol wallet)

It would be interesting to see the chart if for no other reason than to satisfy curiosity.  In the end, the issuers will give us all what they want us to have and nothing more.