@js2787 wrote:So my girlfriend starting building her credit about a year ago.
November of last year she did the following,
GTE FCU $500 limit
Chase Freedom $500 limit
GTE FCU car loan $24k
She has never missed a payment on anything listed above. She carried a high balance once on a billing cycle. Other than that she has ran the balance up quite a few times in the $4xx range and paid them off far before the due date. Loan is down to around 19k.
With that said she wants to get a CLI on both cards. She would really like them to be at $2k minimum.
What limit should she ask for on these cards?
Not sure about the GTE card, but chase will be a HP. I'd just look at potential cards to app for at the one year mark instead of risking a HP with chase for a CLI.
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@js2787 wrote:I will look into that. Any cards you can recommend? I believe her score is in the low 7's
Depends on what she is interested in like cash back or travel rewards etc. Cap 1 might give her a decent limit. The citibank double cash card or whatever its called may be a good fit if she wants cash back. I haven't been following it closely to see how hard approvals are for it. Whatever she gets at this stage should probably be a non-AF card so she can keep it in her credit file for years to come.
@js2787 wrote:Thanks I will look into those.
These little $500 limits are annoying to her she would like to be able to pay all her bills on the cards and pay them off after. Bills are about $2700, she makes quite a bit more monthly. I keep trying to tell her credit is a journey....And it takes time,
She also just reminded me she had a car loan through Ford for about 3 years. She ended up selling it and the account was closed.
If its a matter of convenience for her then maybe looking at CU cards may be the way to go. Those tend to offer higher limits, but will not influence other lenders as much.
