Card with highest minimum SL

[Anonymous]

I love that UBS needed to clarify that their 3% rewards are on commercial air travel 😁

[pinkandgrey]

In my experience, this is one of those weird situations. Some lenders say there's a minimum SL, and people tend to assume VS cards have a minimum of 5k, but I know that often one will get lower limits than the supposed minimum. I think your profile is far more significant when determining CL than what's written in the "rules." 

Maybe there are cards that truly do have a bottom SL? If so, I would assume that if your profile can't support it, you just won't get approved for it. 

[Anonymous]

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@pinkandgrey wrote:

In my experience, this is one of those weird situations. Some lenders say there's a minimum SL, and people tend to assume VS cards have a minimum of 5k, but I know that often one will get lower limits than the supposed minimum. I think your profile is far more significant when determining CL than what's written in the "rules." 

Maybe there are cards that truly do have a bottom SL? If so, I would assume that if your profile can't support it, you just won't get approved for it. 

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Precisely. If your profile doesn't support the minimum SL on a card then you simply won't be approved. So finding cards with a minimum SL isn't a guaranteed way to get higher SLs.

[Anonymous]

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@FinStar wrote:

That said, if one has the right profile, income, DTI, scores, credit history, banking relationship, etc., cards from NFCU can be approved for a $25K SL, for instance.  Others like FirstTech or UNFCU come to mind as well.

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Right.    If the question is "I want a high SL [whatever that means for you], which card should I apply for?" knowing min SLs isn't all that useful, as an issuer can simply decline you for that card, whereas a NFCU etc could give you a much higher SL (as well as a lower one!).   So going with a min SL issuer can either get you what you want, or nothing....

LTL Bank offers a Super Senior Visa Infinite with an impressive SL of $400K.  Unfortunately, tough underwriting means no-one has actually got it yet, due to the non-recon requirement that  the applicant is more than 300 years old, and still employed.

[HeavenOhio]

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@pinkandgrey wrote:

In my experience, this is one of those weird situations. Some lenders say there's a minimum SL, and people tend to assume VS cards have a minimum of 5k, but I know that often one will get lower limits than the supposed minimum. I think your profile is far more significant when determining CL than what's written in the "rules." 

Maybe there are cards that truly do have a bottom SL? If so, I would assume that if your profile can't support it, you just won't get approved for it. 

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The Chase Amazon Prime card is an example of a Visa Signature exception. Starting limits can be as low as $500, but all cards are Visa Signatures.

Usually, the minimum starting limit is synonymous with minimum credit limit. With AMEX, for instance, if you try to transfer limits, a larger limit has to remain on some donor cards than others. And we've seen oddball cases where Chase Sapphire Preferred limits dip below the 5K minimum starting limit due to adverse action.

[DONZI]

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@Aim_High wrote:

A card I've considered applying for has a published minimum $25,000 limit, the First Command Bank Visa Signature Premier.  
https://www.firstcommand.com/banking/credit-cards/

Ouch! ..also "Requires $250,000 in First Command total assets"

[Aim_High]

Great points above made by several members that the overriding factor is PROFILE. 

To get those high limits, the profile must support it. 

And if the profile supports those high starting limits, that profile could probably achieve relatively high results on a lot of other cards that have much lower average or minimum SLs.

[padme]

a few years back, capital one ventures used to have 10k SL, not sure anymore though

[Aim_High]

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@padme wrote:

a few years back, capital one ventures used to have 10k SL, not sure anymore though

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Just tried to find it this was/still is the case, @padme.

Unlike the other cards, I don't see anything in the credit disclosures about any minimum.

This credit article indicates that, as of 2019, the average (not minimum) approvals are around $10K for Venture and discusses reported approvals as high as $50K.

https://www.cardrates.com/advice/capital-one-venture-credit-limit-benefits-pre-qualify-online/

This 2015 thread from My Fico indicated high limits on Venture at that time.  I believe since then that Capital One has become a lot more conservative on starting limits.  (I've seen several threads from many years ago where Capital One was mentioned as a "High Limits" lender.  Not necessarily the case any more.)

https://ficoforums.myfico.com/t5/Credit-Cards/Why-are-Capital-One-Venture-credit-limits-so-much-high...

[FinStar]

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@Aim_High wrote:

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@padme wrote:

a few years back, capital one ventures used to have 10k SL, not sure anymore though

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Just tried to find it this was/still is the case, @padme.

Unlike the other cards, I don't see anything in the credit disclosures about any minimum.

This credit article indicates that, as of 2019, the average (not minimum) approvals are around $10K for Venture and discusses reported approvals as high as $50K.

https://www.cardrates.com/advice/capital-one-venture-credit-limit-benefits-pre-qualify-online/

This 2015 thread from My Fico indicated high limits on Venture at that time.  I believe since then that Capital One has become a lot more conservative on starting limits.  (I've seen several threads from many years ago where Capital One was mentioned as a "High Limits" lender.  Not necessarily the case any more.)

https://ficoforums.myfico.com/t5/Credit-Cards/Why-are-Capital-One-Venture-credit-limits-so-much-high...

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They currently do not approve SLs at $50K for sure -- those days are gone (unless they decide to revisit their lending criteria in the future).  There were a handful of us who were able to achieve Capital One's $50K 'FOTM' back during 2015.

With the right profile, though, Capital One's current 'highest SL' is $30K -- QS, Venture, Savor and Savor One (including some business cards).