High Starting Limit Cards?

[Anonymous]

Hey there, guys! It's been a while since I have posted anything as I have been busy with college and work recently.

So long story short, I am feeling the itch to app for something new in the next upcoming months. My signature lists all my cards with their limits. The stats that aren't listed is my 9% utilization on my $15.9k available credit and of course, my $28,000 income and my recently closed AMEX PRG card. Still have no baddies, lates, etc.


I've always been a "cash back" loving guy, but for some reason I have been on the topic of wanting to travel a lot (guess you can say all this school and work is making me want to take an adventure, lol). So I am up for either an awesome cash back card or maybe... just maybe... a travel/points card. NO ANNUAL FEES!

My only problem is that I want to app for a card that gives me a pretty nice starting limit. I would love for you folks to pick out which one of these you think best fits that category from your credit expertise:

1. Capital One Quicksilver
2. Capital One VentureOne
3. Citi Double Cash
4. AMEX Blue Cash Everyday


Thank you all very much!

[Anonymous]

I've always read on here the Venture One typically gives out a high SL.

I apped for Citi DC and Venture One in the same day. I got the Citi DC with a $6,000 SL and the Venture One with a $7,500 SL.

I've never had luck with high limit AMEX, but take into consideration the possibility of the 90 day 3x CLI with them.

[CreditScholar]

With your income, most travel cards aren't really viable for you as they are focused on higher-spend thresholds. The only exception to this is for cards which offer some sort of benefits/annual bonus which offset the AF. Many of the Chase hotel cards fall into this category.

You'd honestly be better off with a cash back card in most cases. The Venture and other similar "travel cards" are essentially cash-back cards masquerading as travel cards. True travel cards will earn points/miles directly with a loyalty program, or a currency that can be directly transferred into such programs. All cards offering points which can only be redeemed for statement credits are in reality nothing but cash back cards with even more limiting redemption categories.

I would look into a no AF 2% cash back card such as the Citi DC and new Fidelity Visa.

[Anonymous]

You know what, CreditScholar? It's odd that in the back of my mind I had the same views and mentality towards "travel" credit cards! I have always compared the sign-up bonuses and "points accumulating" techniques and they are all quite the same as your cool cash back cards on the market.

[Anonymous]

I'm a college student with a lower salary than you. I started off with a Capital One Journey card with a $500 limit with after a year or so was automatically upgraded to a quicksilver with a $2000 limit. I also have a Best Buy card with a $1k limit. The AMEX blue cash preferred which I just got approved for is my highest yet though with a $9,600 limit. I can't say what's best for you but it seems that American Express has been quite generous lately. However when it comes down to it, salary and credit score and the 2 main factors no matter who you apply to. If the scores too low than you're out of luck. I'd say 700+ is what you want for a nice starting limit. 

[Anonymous]

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@Anonymous wrote:
You know what, CreditScholar? It's odd that in the back of my mind I had the same views and mentality towards "travel" credit cards! I have always compared the sign-up bonuses and "points accumulating" techniques and they are all quite the same as your cool cash back cards on the market.

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I don't think CreditScholar was lumping all travel cards together, just those like Venture and Arrival which are restricted cashback cards (with features and bonuses).

The "real" travel cards with transferablve points CAN be worth much more than any cashback, but you need to redeem well, and, as said, you need a lot of spend (and thus income) to accumulate enough points and to make up for the AF.

[Anonymous]

I've seen a lot of complaints about low SLs on DoubleCash. I don't know if that means Citi is conservative with the card...or if the complainers were just higher-risk applicants.

[CreditScholar]

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@Anonymous wrote:

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@Anonymous wrote:
You know what, CreditScholar? It's odd that in the back of my mind I had the same views and mentality towards "travel" credit cards! I have always compared the sign-up bonuses and "points accumulating" techniques and they are all quite the same as your cool cash back cards on the market.

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I don't think CreditScholar was lumping all travel cards together, just those like Venture and Arrival which are restricted cashback cards (with features and bonuses).

The "real" travel cards with transferablve points CAN be worth much more than any cashback, but you need to redeem well, and, as said, you need a lot of spend (and thus income) to accumulate enough points and to make up for the AF.

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+1. This is exactly what I was referring to.

[takeshi74]

It is never just about card or creditor.  One's credit profile and income will determine the limit that one qualifies for.

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@Anonymous wrote:
So long story short, I am feeling the itch to app for something new in the next upcoming months. 

Don't just scratch the itch.  Each card should serve a purpose in your strategy which should be based on your specific needs/wants.

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@Anonymous wrote:
I've always been a "cash back" loving guy, but for some reason I have been on the topic of wanting to travel a lot (guess you can say all this school and work is making me want to take an adventure, lol). So I am up for either an awesome cash back card or maybe... just maybe... a travel/points card. NO ANNUAL FEES!

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And don't just consider AF/no AF.  You need to run the numbers for your spend and consider total cost/benefit.

Wanting to travel doesn't mean that a travel card is a best fit.  "Travel" is a broad classification anyway and covers a range of different cards.  For most miles/points cards you really need a large amount of spend.  You also need to consider how you're going to redeem and how that impacts rewards value.

tl;dr You have a lot of thinking, research and number crunching that you should be doing versus just looking for a justification to satisfy your urge to app.

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@Anonymous wrote:
I have always compared the sign-up bonuses and "points accumulating" techniques and they are all quite the same as your cool cash back cards on the market.

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You may need to reconsider your method of comparing.  Sign on bonuses are usually greater on miles/points cards and that's why they're popular with churners.  Again, method of redemption plays a signficant role.

[SouthJamaica]

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@Anonymous wrote:
Hey there, guys! It's been a while since I have posted anything as I have been busy with college and work recently.

So long story short, I am feeling the itch to app for something new in the next upcoming months. My signature lists all my cards with their limits. The stats that aren't listed is my 9% utilization on my $15.9k available credit and of course, my $28,000 income and my recently closed AMEX PRG card. Still have no baddies, lates, etc.


I've always been a "cash back" loving guy, but for some reason I have been on the topic of wanting to travel a lot (guess you can say all this school and work is making me want to take an adventure, lol). So I am up for either an awesome cash back card or maybe... just maybe... a travel/points card. NO ANNUAL FEES!

My only problem is that I want to app for a card that gives me a pretty nice starting limit. I would love for you folks to pick out which one of these you think best fits that category from your credit expertise:

1. Capital One Quicksilver
2. Capital One VentureOne
3. Citi Double Cash
4. AMEX Blue Cash Everyday


Thank you all very much!

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The one that's likely to give you the biggest starting limit is Capital One Venture (not Venture One).

And it's a beautiful Visa Signature card, and it's good... gives you 2 points for travel or 1 for cash; gives zero fee and zero interest balance transfer options.