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Help with raising credit limit

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Help with raising credit limit

I recently applied and was approved for the Amex Blue Cash Everyday Card with an $8900 limit. 


The current cards and limits I have are:

Amex Blue Cash Everyday $8900

Discover IT $4000

Department Store Amex card $1500

Capital One Secured card $700


My main goal is to raise my available credit limit as much as possible. The balances on all my cards are kept low and paid off by end of the month. It was mentioned on here to possibly apply for an additional card immediately to take the place of the Cap One secured card after it’s closed. My question now is when and if I should close the Cap One since the limit is so low and there are no rewards?


Should I do this immediately or wait a certain amount of time?


Message 1 of 5
Valued Contributor

Re: Help with raising credit limit

Do you need another card? If not then there is no reason to apply for one. Even with closing your secured Cap1, you are still left with 3 open revolvers. If you close Cap1, it should remain on your reports for 10 years, sometimes longer and continue to help your average account age. Don't apply for another card just to apply, or just to have a shot at a card with higher limits. If you need a card or have a use for one that will fit your needs well, then go for it if your profile supports it. If you do apply, I would apply first, then cancel your secured card after. 

ETA: Congrats on your BCE approval, that's a great card! Nice SL, too! Smiley Happy

FICO 8 Sep '23 EX 755 EQ 765 TU 739
TCL $199,800
Message 2 of 5
Frequent Contributor

Re: Help with raising credit limit

Best way I know of is to utilize the card. Make several large purchases and pay the card down as soon as it posts. If you have an 8900 CL and only charging a few hundred a month, many of the CC companies wont increase your line. But if you start putting 10-15K a month through the card by paying it off several times a month, that is the quickest way to get a CLI for most CC companies.

Message 3 of 5
Valued Contributor

Re: Help with raising credit limit

I would close the Cap1 as soon as it hits 13 months


i mean, you can anytime - but i like to keep a card open for over 1 year


you got a good starting limit with the Amex, so i can see future increases on all your cards


as noted above, especially now, lenders arent giving out CLI's without you using the cards and a good part of their limits - which makes sense all the time, but is being more 'enforced' lately


Discover has SP for CLI, so you can try every other month if you want

Dec 16/2019. EX. 721. EQ. 723. TU 746
Jan 25/2024 EX. 774 EQ. 751 TU 758
Inq. EX 2 EQ 3 TU 6 - - CC 2x24, 0x12
Amex BCP $35k - Apple GS $21k - BMW/Elan $19k - Cap1 QS $16.7k - Chase Amazon $13.6k - Chase Bonvoy Bountiful $10k - Chase United Club Infinite $26k - Citi CustomCash $3k - Citi DC $14.5k - CreditUnion1 $9k - DiscoverIT $31.5k - PayBoo - $15.6k - Penfed Gold - $19.3k - USB AltitudeGO -$19k- USBank Cash+ -$25k - PenFed LOC - $20k - USB LOC - $15k
Message 4 of 5
Super Contributor

Re: Help with raising credit limit

With Capital One, my perception is that current cardholders are more successful in Capital One card apps when they next apply. So closing all Capital One cards before the next CapOne app, is not something I would suggest.

So my suggestion is to keep the Capital One Secured card open, let the AMEX report for a couple of months, and then if you feel like you need another card, app a CapOne Quicksilver or similar no-AF card to take the next step with CapOne. Then close the CapOne secured card.


If you absolutely don't want another CapOne card, then closing the Secured card has no consequences.

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765
Message 5 of 5
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