@prpecp wrote:
Is 50k about the max you can get on a cc, non amex?
No. Max depends on the creditor/product and your credit profile. There are certainly those who have more than $50K but the creditor/product has to have a higher max exposure than $50K and the person's credit profile and income have to qualify for such a limit.
@prpecp wrote:
How hard or how long would you have to be with a company before you get limits like that?
It's not just a matter of time. If you qualify when applying then you could get it right away. The requirements are going to vary from creditor to creditor so we can't give you a hard set of qualifications. The generally known factors are all we're aware of. You'd need perfect Payment History, low Revolving Utilization, a longer AAoA, new accounts that are under the creditor's risk toleraance for your credit profile, etc.
http://www.myfico.com/crediteducation/whatsinyourscore.aspx
@prpecp wrote:
Does it make any sense to keep a credit card with a 1k limit when you have one with 18k? Don't that pull the average down or is it a non-factor?
Your call to make based on your needs/wants. I find my lower limit cards ot be of use even though I have higher limit cards. Both of my highest limit cards actually see very little use. Limits are not the only consideration when it comes to whether or not to keep a card. Average credit limit isn't really a consideration for creditors. Creditors do not simply match limits. The limit or CLI you qualify for depends primarly on your credit profile and income at time of consideration.
Limits factor into Revolving Utilization which itself factors into Amounts Owed. They're just one factor among many and this only covers FICO scoring. Score is just one consideration for a creditor. The creditor will consider your entire credit profile versus the product's underwriting critiera.
@prpecp wrote:
I just want to maximize the cc limits the best I can....
For what purpose? You can certainly request CLI's up to the max that you qualify for with a given creditor/product if desired. However, it's not so much limits as Revolving Utilization that matters. Since RU = balance(s) / limit(s) you can also drop your balances.
@Anonymous wrote:
Anything over 25k is too much on a card. Is anyone actually going to charge over that in one month and not pay the bill in full?
Too much is for each to determine as it is a subjective matter. Never assume that too much for you is too much for everyone. Everyone does not have the same needs, income, budget, spend, priorities, prefernces, goals, etc. Business people were pointed out above as just one example. My father-in-law has a number of rental properties and his spend can easily exceed 25K. I don't understand your latter sentence as a limit over 25K and paying in full are not mutually exclusive.
Don't just look at limits as how much you intend to spend. Consider Revolving Utilization and all other factors. While my 32K cards don't see much use they play a part in allowing me to keep my Revolving Utilization at 3% without micromanaging reported balances and even while carrying balances on 0% offers (which I need to eliminate).
