No, its just the opposite if your file is clean. Creditors will compete for your business especially if they are prime banks.
@MountainHiker wrote:I wonder if having cards with $5K + hurt your chances of getting other cards with large limits or could it work just the opposite?
Depends on the lender; however, I would submit that 5K is well too low of a margin: namely, 5K lines are nearly always beneficial for future approvals.
Where it goes a little sideways is for the long-established folks with multiple 25K+ tradelines without a commeasurate spend or income. We've seen a few folks who have received the "You have enough credit limits available already" type response, but generally that's a low percentage of the population.
I'm certainly trying nearly every trick in the stupid book beyond outright buying a 5K+ limit on a secured card, and I may go that route too in the future if it's required for me to break that ceiling.
@Revelate wrote:
@MountainHiker wrote:I wonder if having cards with $5K + hurt your chances of getting other cards with large limits or could it work just the opposite?
Depends on the lender; however, I would submit that 5K is well too low of a margin: namely, 5K lines are nearly always beneficial for future approvals.
Where it goes a little sideways is for the long-established folks with multiple 25K+ tradelines without a commeasurate spend or income. We've seen a few folks who have received the "You have enough credit limits available already" type response, but generally that's a low percentage of the population.
I'm certainly trying nearly every trick in the stupid book beyond outright buying a 5K+ limit on a secured card, and I may go that route too in the future if it's required for me to break that ceiling.
I think you start running into issues around the 10-15k mark... your limits have to match your actual income... higher income begets higher limits when you're looking at 20k+ CLs
FICO 8: 
Goal: Gardening!
Goal: Gardening!
@LS2982 wrote:
No, its just the opposite if your file is clean. Creditors will compete for your business especially if they are prime banks.
This is true. I didnt have anything over 2,000, but as soon as walmart upped mine to 10,000 everyone else followed.
@webhopper wrote:
@Revelate wrote:
@MountainHiker wrote:I wonder if having cards with $5K + hurt your chances of getting other cards with large limits or could it work just the opposite?
Depends on the lender; however, I would submit that 5K is well too low of a margin: namely, 5K lines are nearly always beneficial for future approvals.
Where it goes a little sideways is for the long-established folks with multiple 25K+ tradelines without a commeasurate spend or income. We've seen a few folks who have received the "You have enough credit limits available already" type response, but generally that's a low percentage of the population.
I'm certainly trying nearly every trick in the stupid book beyond outright buying a 5K+ limit on a secured card, and I may go that route too in the future if it's required for me to break that ceiling.
I think you start running into issues around the 10-15k mark... your limits have to match your actual income... higher income begets higher limits when you're looking at 20k+ CLs
To a certain amount spend factors too; there's the grey area of reimburseable business expenses which don't necessiate requiring a business card which can substantially boost one's spend outside of one's income.
As an example speaking only marginally hypothetically: we use the Amex Travel service where I primarily work, but the first thing I had to do was submit my profile and on that was a personal credit card for airline / hotel / car reservations... and the amount of travel I'd have to do to qualify for a corporate card is really high. In 2014 where I may be setting up datacenters all over the lower 48 in addition to likely going to some of our live events, wouldn't qualify me for one even, and that's probably an additional 30K of reimbursable expenses run through my personal credit cards.
This is another method for driving up CL's; however, it's probably a small percentage of folks. Also those who do carry business cards, sometimes those report to personal credit as well. AFAIK I think these are some of the things benefitting you personally Webby?
I don't know the Card Act language specifically, but I think the expectation is that the lenders will be paid back, and that doesn't have to be straight taxable income in order to do so even if for most people that's what's used?
@londonhogfan wrote:
@LS2982 wrote:
No, its just the opposite if your file is clean. Creditors will compete for your business especially if they are prime banks.This is true. I didnt have anything over 2,000, but as soon as walmart upped mine to 10,000 everyone else followed.
I would submit it's too small of a statistical sampling, and anecdotally there certainly seems to be an upper bound on that... much as I'm hoping that my own Wally card will do similar wonders for my own credit profile 
.