No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
Does anybody know how much across multiple B of A cards a person can have before having to provide docs ?
I know Discover is 20k
On a recent thread, It was suggested that I go for 25k or so if willing to take a HP.
I have 10k on one card and 5k on another.
I think most lenders it is about the 25k range. How about Citi ? or Chase ?
@Bay_Area_Joe wrote:Does anybody know how much across multiple B of A cards a person can have before having to provide docs ?
I know Discover is 20k
On a recent thread, It was suggested that I go for 25k or so if willing to take a HP.
I have 10k on one card and 5k on another.
I think most lenders it is about the 25k range. How about Citi ? or Chase ?
I know people that have more than 20k limit on one single Discover card without any hassle. You'll find lots of people on here with more than 25k with all other issuers as well, except Barclays.
@HiLine wrote:
@Bay_Area_Joe wrote:Does anybody know how much across multiple B of A cards a person can have before having to provide docs ?
I know Discover is 20k
On a recent thread, It was suggested that I go for 25k or so if willing to take a HP.
I have 10k on one card and 5k on another.
I think most lenders it is about the 25k range. How about Citi ? or Chase ?
I know people that have more than 20k limit on one single Discover card without any hassle. You'll find lots of people on here with more than 25k with all other issuers as well, except Barclays.
Yes, I have more than 25K on each on Chase, Citi, Cap One, Penfed and Amex. Only Amex, the lowest, has ever asked for docs
It depends.. if someone has the Discover Card for more than 10 years and get a CL of $30K, I wouldn't be surprised at all.
However, I do think that most banks will be reluctant to give you CL above $30K on a single card without documents no matter how good your CR looks like or how long you have been with the bank.
@enharu wrote:
It really depends. From what i observed, people with thicker files are generally less likely to be asked for docs. It also depends on income and CR I suppose. If there's any derogatory info on file, they probably will scrutinize it more closely.
+1. This and sometimes it's just luck.
@w20031424 wrote:It depends.. if someone has the Discover Card for more than 10 years and get a CL of $30K, I wouldn't be surprised at all.
However, I do think that most banks will be reluctant to give you CL above $30K on a single card without documents no matter how good your CR looks like or how long you have been with the bank.
But what is your basis for saying that? When I got my first $30K cards, these were the first cards from those issuers and I had no banking relationship with them. Now this was some years ago, and things tightened up post the crash, but several people here have high limit cards without mentioning having to provide documentation.
In fact, the only ones I remember seeing mentioned often are Amex when requesting some types of CLI, and Penfed at application time. And Penfed doesn't ask everyone (I got instant approval) and asks some at much lower CL levels.
@longtimelurker wrote:
@w20031424 wrote:It depends.. if someone has the Discover Card for more than 10 years and get a CL of $30K, I wouldn't be surprised at all.
However, I do think that most banks will be reluctant to give you CL above $30K on a single card without documents no matter how good your CR looks like or how long you have been with the bank.
But what is your basis for saying that? When I got my first $30K cards, these were the first cards from those issuers and I had no banking relationship with them. Now this was some years ago, and things tightened up post the crash, but several people here have high limit cards without mentioning having to provide documentation.
In fact, the only ones I remember seeing mentioned often are Amex when requesting some types of CLI, and Penfed at application time. And Penfed doesn't ask everyone (I got instant approval) and asks some at much lower CL levels.
They have other ways to estimate your income anyways, such as examining your spending habits. For example if you have genuine annual spend of 25k, odds are your income will be 75k+. This is assuming taxes, expenses that aren't chargable for most people such as rent or a mortgage, and then what's left for disposable spending.
This obviously changes if you live at home or have paid off a mortgage already (for example), but this is why they ask questions in applications regarding monthly housing costs. They can then calculate your net income using your stated gross and corresponding tax bracket.
If you have a high level of assets with the bank, that will change their level of scrutiny as well.