Approved or Discover & Chase.. Happy Days.. Questions with CL??

[remarc]

Hey Everyone.. 

Some exciting news ,, well I think so

I got approved for a Discover Card & Chase Card, My discover is $1000 & Chase is $1500 .. No one seems to want to give me more than $1500 on my Credit limit.. Any ideas why? My yearly income is $38400 , it could be because I only have 4 years worth of credit history? IM new to this country.. Originally from the UK. i dont have any maxed out cards and hold a balance on my bestbuy store card - limit $1300 current balance $800

My Fico credit scores are as follow. 

EQ - 711

EX- 717

Trans - 680

Can't seem to get my Trans score up.. any ideas?

also

Ive had a citi card with $1500 CL for about 5 months now. I Use about $500 a month on it and always pay it of to a 0 balance.. what are the odds they will bump up my CL when I call on the 6 month mark? I got the citi card when I was in the mid 600's on my scores??

Also I use my other two cards all for different points etc and always pay them off each month so they are left with a 0 balance. this helps right? 

do you think it matters how much money i use on the cards and then pay them off each month? im hoping that because ive been spending around $600 a month on my citi card that they will see i use it and always have a 0 balance by statement day.. thus bumping my credit limit up?

any adivce?

[modernsurrender]

Can't give you any advice or insight, but congrats!

Have you tried recon'ing for higher limits?  I got the DM with $1000 starting, I've seen some people recommend trying to do a BT when you app for a higher limit, but I didn't - might try after getting the card though.  I also got $3k on a Chase card, but it was the Southwest card - so they may be more lenient with limits.

The only thing that I have going for me as compared to what you said is that I've got lower Util and a longer history, but I have far more derogs than you do - so I don't know of anything it could be other than maybe a thin/young file holding you back.

[xlr8d]

Congrats!  Discover is just stingy with CL's though

[remarc]

I got the Chase in March.. do you think i could call and ask them for a CL so i could do a BT from my BestBuy Card ? I dont want to max out my card with Chase but they did give me 16% APR and 12 Months O % including balance transfers. If so, how much should i ask for? Would be great to clear of my BB Credit Card 

What number should i call btw?

[modernsurrender]

I just got my SW Chase card this month and was thrilled with the limit so I can't say what your chances would be...

If you call them about a BT they might be helpful but if your CL is $1500 and the BT is for $800 - they may also think that's plenty of extra wiggle room already.  I don't think it could hurt to call and try though, either with the number on your card or one of the numbers listed in the "backdoor" thread that's stickied.

[Jake0215]

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@remarc wrote:

Hey Everyone.. 

Some exciting news ,, well I think so

I got approved for a Discover Card & Chase Card, My discover is $1000 & Chase is $1500 .. No one seems to want to give me more than $1500 on my Credit limit.. Any ideas why? My yearly income is $38400 , it could be because I only have 4 years worth of credit history? IM new to this country.. Originally from the UK. i dont have any maxed out cards and hold a balance on my bestbuy store card - limit $1300 current balance $800

My Fico credit scores are as follow. 

EQ - 711

EX- 717

Trans - 680

Can't seem to get my Trans score up.. any ideas?

also

Ive had a citi card with $1500 CL for about 5 months now. I Use about $500 a month on it and always pay it of to a 0 balance.. what are the odds they will bump up my CL when I call on the 6 month mark? I got the citi card when I was in the mid 600's on my scores??

Also I use my other two cards all for different points etc and always pay them off each month so they are left with a 0 balance. this helps right? 

do you think it matters how much money i use on the cards and then pay them off each month? im hoping that because ive been spending around $600 a month on my citi card that they will see i use it and always have a 0 balance by statement day.. thus bumping my credit limit up?

any adivce?

---

Mayne try applying for a card with a required starting limit. May be a good way( if everything else supports it.) to get to that 5k threshold.

[remarc]

Mayne try applying for a card with a required starting limit. May be a good way( if everything else supports it.) to get to that 5k threshold.

what do you mean ?? can you explain a litle more please mate 

[boomhower]

Higher CLI's can be tough.  It seems everyone is shy to be at the head of the class.  Typically credit unions are good for larger CLI's.  For me it was $2k I was stuck at.  Discover was that broke it, they went for $5k.  Chase followed shortly therafter.  I really don't much as far as suggestions, just use heavy and PIF.  Eventually they will bump up.

When do you pay your bill?  If you pay it after the statement cuts then you UT will looks high which may be the reason for them being apprehensive with the limits.

[remarc]

I use to pay it at random times throughout the mounth but now i pay everything 3 days before my due date so the statement balance is always 0$ 

I then wait a few days after my statement balance shows on my Credit Card statment before i start using it again.. 

Im hoping that Citi will see my usage and that i PIF each month and bump it up, i was thinking of asking for $3000 instead of my current $1500 and then hoping the rest will follow. 

would you Boomhower say its worh calling to ask for a CL for a Balance transfer with Chase even though ive only just had the card for two months?

thanks

[cabronsaim]

Some people have suggested a charge card is best for increasing limits fast.

Why dont you try one?