Credit Card Limits with 40-50K Income

SteveUrkel · ‎05-09-2015

Was just wondering if its possible to have credits cards higher than 15K Limit with an income ranging between 40-50k?

*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500

skorpyo3 · ‎05-09-2015

I know of people with that income. They have cards that are 15-20k CL. Most have many years of established credit history. You're best bet for high limit would be Cap1 Venture. Have you tried the pre-approval to see what you qualify for?

|EQ 698|TU 674|EX 665| BK discharged 11/2012

[Amex PRG No PSL] [Cap 1 QS Visa Sig $50,000] [Barclaycard CashForward WMC $25,000] [Patelco CU MC $20,000] [BofA Cash Rewards Visa Sig $15,000] [Amex BCE $13,000] [Discover It Cashback $13,500] [US Bank Cash + Visa Sig $10,000][US Bank Platinum Visa $8,400] [Penfed Power Cash Rewards Visa Sig $10,000] [USAA Cashback Rewards Plus Amex $15,000] [Citi AAdvantage WMC $5,000] [Macy's Amex $7,500] [JCP $6,500] [Amazon Prime $6,000] [Target $2,000]

SteveUrkel · ‎05-09-2015

I dont really need more cards, was wondering for the cards I currently have.

*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500

Jansroom726 · ‎05-09-2015

Hey there -

Yes, very possible.

I'm 24 - with fairly decent card limits. I need to update my signature - but I have a few 10k+ cards, including my most recent Venture with 15k, and chase marriot with 10k.

As long as you dont engage in risky behavior and treat your creditors right, they will grow with you.

25 years old. Scores around 740. Income = 45K. Chase Car Loan @ 2.4%, AAOA = 2 years. Total Personal CL = 120k.

skorpyo3 · ‎05-09-2015

Good boy! You have discipline. Most of those cards should grow well with you. Do you carry balances or PIF each month? Low utilization should factor higher than income.

|EQ 698|TU 674|EX 665| BK discharged 11/2012

[Amex PRG No PSL] [Cap 1 QS Visa Sig $50,000] [Barclaycard CashForward WMC $25,000] [Patelco CU MC $20,000] [BofA Cash Rewards Visa Sig $15,000] [Amex BCE $13,000] [Discover It Cashback $13,500] [US Bank Cash + Visa Sig $10,000][US Bank Platinum Visa $8,400] [Penfed Power Cash Rewards Visa Sig $10,000] [USAA Cashback Rewards Plus Amex $15,000] [Citi AAdvantage WMC $5,000] [Macy's Amex $7,500] [JCP $6,500] [Amazon Prime $6,000] [Target $2,000]

skorpyo3 · ‎05-09-2015

Impressive!

@Jansroom726 wrote:
Hey there -
Yes, very possible.

I'm 24 - with fairly decent card limits. I need to update my signature - but I have a few 10k+ cards, including my most recent Venture with 15k, and chase marriot with 10k.
As long as you dont engage in risky behavior and treat your creditors right, they will grow with you.

|EQ 698|TU 674|EX 665| BK discharged 11/2012

[Amex PRG No PSL] [Cap 1 QS Visa Sig $50,000] [Barclaycard CashForward WMC $25,000] [Patelco CU MC $20,000] [BofA Cash Rewards Visa Sig $15,000] [Amex BCE $13,000] [Discover It Cashback $13,500] [US Bank Cash + Visa Sig $10,000][US Bank Platinum Visa $8,400] [Penfed Power Cash Rewards Visa Sig $10,000] [USAA Cashback Rewards Plus Amex $15,000] [Citi AAdvantage WMC $5,000] [Macy's Amex $7,500] [JCP $6,500] [Amazon Prime $6,000] [Target $2,000]

SteveUrkel · ‎05-09-2015

@Jansroom726 wrote:
Hey there -
Yes, very possible.

I'm 24 - with fairly decent card limits. I need to update my signature - but I have a few 10k+ cards, including my most recent Venture with 15k, and chase marriot with 10k.
As long as you dont engage in risky behavior and treat your creditors right, they will grow with you.

Thanks for the info!

*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500

SteveUrkel · ‎05-09-2015

@skorpyo3 wrote:
Good boy! You have discipline. Most of those cards should grow well with you. Do you carry balances or PIF each month? Low utilization should factor higher than income.

I carry balances. Not huge ones though except on my Best Buy which I took the 24 month financing 0% interest on buying a 4k TV

*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500

skorpyo3 · ‎05-09-2015

@SteveUrkel wrote:
@skorpyo3 wrote:
Good boy! You have discipline. Most of those cards should grow well with you. Do you carry balances or PIF each month? Low utilization should factor higher than income.
I carry balances. Not huge ones though except on my Best Buy which I took the 24 month financing 0% interest on buying a 4k TV

That may keep you from getting higher limits until that 4K TV is paid off. Now I want a 4K TV LOL!

|EQ 698|TU 674|EX 665| BK discharged 11/2012

[Amex PRG No PSL] [Cap 1 QS Visa Sig $50,000] [Barclaycard CashForward WMC $25,000] [Patelco CU MC $20,000] [BofA Cash Rewards Visa Sig $15,000] [Amex BCE $13,000] [Discover It Cashback $13,500] [US Bank Cash + Visa Sig $10,000][US Bank Platinum Visa $8,400] [Penfed Power Cash Rewards Visa Sig $10,000] [USAA Cashback Rewards Plus Amex $15,000] [Citi AAdvantage WMC $5,000] [Macy's Amex $7,500] [JCP $6,500] [Amazon Prime $6,000] [Target $2,000]

SteveUrkel · ‎05-09-2015

@skorpyo3 wrote:
@SteveUrkel wrote:
@skorpyo3 wrote:
Good boy! You have discipline. Most of those cards should grow well with you. Do you carry balances or PIF each month? Low utilization should factor higher than income.
I carry balances. Not huge ones though except on my Best Buy which I took the 24 month financing 0% interest on buying a 4k TV
That may keep you from getting higher limits until that 4K TV is paid off. Now I want a 4K TV LOL!

Lol. Its beautiful, but trust me you dont need it!

*22 Years Old* Started my credit at age 19
Chase Sapphire Preferred Visa Signature- $9,200 II TFCU - $2,500 II Amex BCE - $2,400 II Paypal Extras Mastercard - $7,600 II American Eagle VISA - $3300 II Best Buy Visa - $3,000 II Chase Slate - $500