Banks Matching Limits--Experiences?

[LisaJ]

I came across another board where people were mulling this over, and didn't give much thought to it, until Amex gave me 11k, which is 1k more than my highest prior (CSP).

Do we have anecdotals on this? Any evidence to support that higher limits are often matched/ have a good chance of being matched by competitor banks? Obviously not all...but some? I am thinking Citi, Chase, Amex.

Bored and curious.  I do think, though, that I can thank Chase (and this board, of course)  for the amazing Amex success--they took a chance on me and helped me build.

I am sorry if this has been addressed and is redundant. 

[dodfire]

There must be many factors that play into this theory. 

For me anyways....sad to say that AMEX didnt match or beat my NFCU limits.  

[09Lexie]

Chase for me. Discover is all over the map it appears.

[bs6054]

Possibly at certain levels of credit limit.  This is often raised as Bank X wants to see a $5K limit from another bank before giving you a signature.

But there are too many variables to know, e.g. credit score at app time, increase in CL from previous app, limits for any one issuer etc.

My last 5 cards since Nov:  $20K (Penfed) $7K (Citi) 15K (Citi)   15K (Citi) 22K (Chase).

So huge variation.  The 7K was my lowest limit on any card, but I have three cards with higher limits than the 22K (including one from Chase).

[Dustink]

I think high limits lead to high limits for the competition you mentioned. I got my limit up with one bank (us bank) then went and applied at other banks. All of the approvals were along the same amounts.

[LisaJ]

Very interesting.

This credit game sure does keep us guessing. I still think I must be dreaming about Amex. My CO was unpaid, and they definitely remember me, because my card backdated. Weird logirhythms, indeed...and there must be a ton of factors.

I will not be apping Citi in the name of research, or anything, lol.

I wonder, too, if it is product dependent. Anyone experience matching or one-upping with BCP and CSP? And whatever is the Citi equivalent of those cards?

I was actually a little surprised when Disvover's initial was 4K. Ludicrous of me, because just last year, that would have been my highest limit! Funny how perspective changes.

Just some general musings.

[bs6054]

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@LisaJ wrote:
Very interesting.

I wonder, too, if it is product dependent. Anyone experience matching or one-upping with BCP and CSP? And whatever is the Citi equivalent of those cards?


Just some general musings.

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Well, BCP (CLI in Oct) $28K, Citi Thank You Premier (last week) $15K, CSP (yesterday) $22K   so no obvious matching or one upping there.  But that is just one data point.

[youngandcreditwrthy]

I think it depends on the lender...
Ime, Barclay's and Amex like to limit match...
An analyst at Barclay's specifically allowed me to recon my way to a 6500 trav amex bc I "had experience" with similar lines, even if they were store lines.
For some reason, my store lines trumped my bankcard lines for a year or two... Then my visa/mc/disc/amex approval limits were higher bc of my store card limits. At least, that's my experience. I also think that Amex anticipates their new approvals to seek a 61 day 3xcli.

[Open123]

For me, Chase on both business and personal cards has always one-upped Amex when it comes to CLs.  However, every other issuer only gives me 1//2 or 1/3 of my Amex CLs.

So, no idea how they figure this stuff out.

[CreditScholar]

Chase and Amex are esstentially targetting the same type of customers (high-earning, high spending, high scoring).

There have been many reports that those two lenders exhibit this behaviour regularly, and other lenders as well but perhaps to a lesser extent.