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Credit Cards: What's your ACL (avg credit limit)?

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Creditplz
Valued Contributor

Re: Credit Cards: What's your ACL (avg credit limit)?

ACL is 16,500, highest being Chase AU 46,000
Message 31 of 40
rubaty
Frequent Contributor

Re: Credit Cards: What's your ACL (avg credit limit)?

222,800/19 = 11,726 ACL 

Lowest card = 800

Highest card = 25K


Current Score: EX 772 EQ 777 TU 783 15 Jan 17
Goal Score: 815 across the board by Jan 18


Take the FICO Fitness Challenge
Message 32 of 40
Anonymous
Not applicable

Re: Credit Cards: What's your ACL (avg credit limit)?

My TCL is $108,700.  I currently have 11 cards.  That's an ACL of $9882.00  I'm about to cancel a card with a $7,250 CL before the annual fee comes around so my ACL will then go above $10,000.

Message 33 of 40
sarge12
Senior Contributor

Re: Credit Cards: What's your ACL (avg credit limit)?


@Anonymous wrote:

My cards and limits are in my signature.

 

Average limit: 6375

Range: 1000-11000


afuche....you show 4 cards in your signature...and 1 of them is a barclaycard? That means barclaycard is 1/4 of your cards...I can feel your pain, sorry but I have a barclaycard and hate it. Also have TD bank card I hate. Just recently, I got a Wells Fargo card that looks as if it may become my most hated card.

TU fico08=812 07/16/23
EX fico08=809 07/16/23
EQ fico09=812 07/16/23
EX fico09=821 07/16/23
EQ fico bankcard08=832 07/16/23
TU Fico Bankcard 08=840 07/16/23
EQ NG1 fico=802 04/17/21
EQ Resilience index score=58 03/09/21
Unknown score from EX=784 used by Cap1 07/10/20
Message 34 of 40
Revelate
Moderator Emeritus

Re: Credit Cards: What's your ACL (avg credit limit)?


@Anonymous wrote:

Great data thus far everyone.

 

It would seem that a large amount of store cards tends to drive ACL down quite a bit in many situations.  Good to know that ACL isn't a factor in FICO scoring though.  I wasn't aware that it only had an impact on insurance scores.  Anyone know why that is the case?


The insurance models have access to a lot more information and end of the day the resources they spend on analytics dwarves FICO and the credit reporting business.

 

There was a trend at one point that more datapoints were better (see FICO NextGen) but FICO stepped away from that and I don't think VS with it's later introduction ever went down that road... but when you start getting to LN and further afield (and insurance scores fall into that further afield category) they start looking more than passing strange from a credit risk modelling exercise.

 

Arguably they should though, modelling different behavior almost assuredly.




        
Message 35 of 40
Anonymous
Not applicable

Re: Credit Cards: What's your ACL (avg credit limit)?

6 cards. Lowest 3500. Highest 17000. Average 7383.333333.
Message 36 of 40
Gmood1
Super Contributor

Re: Credit Cards: What's your ACL (avg credit limit)?

23 CC's = $17,939 avg
Message 37 of 40
Anonymous
Not applicable

Re: Credit Cards: What's your ACL (avg credit limit)?


@Gmood1 wrote:
23 CC's = $17,939 avg

That's a very strong ACL considering how many cards you have!  Usually with an ACL that high you see the profile only has a single-digit number of cards.

Message 38 of 40
AverageJoesCredit
Legendary Contributor

Re: Credit Cards: What's your ACL (avg credit limit)?

Gmood's my heroSmiley Wink
Message 39 of 40
Gmood1
Super Contributor

Re: Credit Cards: What's your ACL (avg credit limit)?

My goal was to average $20K across them all. I'm getting there slowly. No real reason besides just seeing if I could do it. lol

I could cheat and combine a few of the limits...no fun in that though.

Message 40 of 40
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