Credit Limit Help

[Anonymous]

What should I Do to access more credit? I have only a single WFCC with a limit of $900. I've had this card for two years to help rebuild my credit. It started out as a secured card. Upon graduation, I received a $300 limit increase six months ago. $900 is simply not enough. I currently have a credit score between 730-760. I have no new accounts in the past two years. Im looking to get the highest credit limit I can receive

My question to all the credit enlightens is should I first ask Wells Fargo for a limit increase?.. Or should I apply for a new line of credit?

Wells Fargo back story: My only negative on my credit report is from a Wells Fargo credit card in 2013.

Other concerns: I feel my low limit card will hurt me accessing a high limit card even though my score is good and my salary is fine

I appreciate any feedback that could potentially help.. Thanks in advance

[Pikaboo-icu]

Welcome to My Fico.  

In my opinion you should go to both Amex and Discover and use their prequalify tool to see if they offer you either or both.

They are the best with granting credit to thin files.

Good Luck..

[Anonymous]

I second the idea of checking out Amex and Discover and see if they have something for you prequalified. Some of them have no annual fee and offer rewards and are pretty good at keeping for everyday spending.

Amex is also good at giving generous credit limit, as well as generous credit limit increase (you can try 3x CLI after 61 days of account opening).

[AverageJoesCredit]

Whats your aaoa look like? Have you had any credit before?. Your 2 year hiatus from apping and at least 2 years of having credit sets you up for Chase with their 5/24 rule and how they like to see at least 1 year credit history

[CreditInspired]

Hi OP and welcome

I agree with everyone else’s responses and IMHO, don’t just focus on the limits right now. If you get your foot in the door with both AmX and Discover, your limits will grow with excellent payment history and low UT.

Yes, run on over to both their prequal portals and see what’s waiting for you.

GL2U

[Anonymous]

Sorry, thought it was similar. I got caught up. haha.

[pizza1]

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@Anonymous wrote:
I got a cap 1 secured in Feb 2018 then a qs1 inNovember. should I get a discover secured to get in the door or wait until I hit 700 and go for the regular disvover?
current scores are around 662 650 651 due to a drop after opening qs1 and a student loan so they hold go back up soon.

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@Anonymous, These are questions better for your own thread that you've already started here in the CC section. We dont want to switch our focus currently from the OP and their questions

[pizza1]

@Anonymous, welcome to the forums! 

I agree with above posters...

Have you checked the Discover and Amex pre-qual sites? 

[Anonymous]

I have one credit card from wells fargo with a $900 limit. Im looking to get another card soon. Im most likely getting a card for my LLLC. my score is between 730-760. What are my options to get a card with a $5000 limit or higher?

[Anonymous]

From my experience, Amex is the most generous with credit limits, especially for business credit cards and they have some excellent options.  Keep in mind that these won't report to your personal credit (capital one business spark does -- also a great option with an awesome SUB).  I think most Business credit cards have a starting credit limit much higher than personal ones, so you're likely to get at least a 5 K starting limit with almost any business cc.  As for which one to get?  Depends what your spending will be, but I love the BBP for general spend. 

Your best option might in fact be the Capital One Spark for the following reasons:  1) Good business card for your LLC, 2)Great SUB, 3) higher starting limit since business card, 4) will report to personal credit report unlike other business cc's and help you to get higher limits in the future.  New credit cards give limits based on several factors -- one of which is what your limits are on other cards being reported.  5) Good general card for cash back.

I've been extremely happy with the C1 Spark, they have raised my limit very generously and even took away my annual fee permanently.  It's the best card in my cc portfolio by a big margin.