High limit Credit Cards...

[Anonymous]

Hello everyone. I hope I did this correctly.
I just signed up today. Looking for help in increasing credit limits and scores.
20 year old female college student.
Stats: Eq:704 Trans:669 Exp. 702
Credit: NFCU 6000. USAA 3000 Best Buy 2500
Trans score is due to a medical bill that’s not mine. Currently disputing.
Some of your post are fascinating!!! Any of your expertise would be greatly appreciated.

[Anonymous]

Welcome to the forums!

What's your purpose for having high limit cards?  The purpose matters because different cards have different purposes.

Do you typically carry balances on your current cards?  If so, what are the current balances on each of the 3?

I assume you currently have an open and active student loan or other installment loan?  Student, auto, mortgage, personal, etc?

[fltireguy]

Welcome!
First question. How long have you had the NFCU card, and have you gotten a CLI on it yet? That's probably your best road to a fairly decent CL

[fltireguy]

Also, Amex might be a good option, it has the easy potential to grow 9x from SL within the first calendar year!

[simplynoir]

Yep, knowing what you want from your cards whether it's cashback, travel rewards/perks and so on will go a long away to deciding what you can work towards. Because honestly the fact you have USAA and NFCU in your pocket already is a big one around here. They're among the more wanted CU to be with for credit cards.

If you could provide additonal information such as AAoA, utilization, and inquiries will help us help you in deciding what to go for.

[CramEiko]

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@Anonymous wrote:
Hello everyone. I just signed up today. Looking for help in increasing credit limits and scores.
20 year old female college student.
Stats: Eq:704 Trans:669 Exp. 702
Credit: NFCU 6000. USAA 3000 Best Buy 2500
Trans score is due to a medical bill that’s not mine. Currently disputing.
Some of your post are fascinating!!! Any of your expertise would be greatly appreciated.

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Sounds like you're on the right track. I think time will be your best friend.

[Anonymous]

JWlf12, You are doing great for your age.  One general tip I can give you is be a disciplined bill-payer.  Every Monday I pay my bills and take a look at my bank accounts online.  When I receive bills (I still prefer paper), I see the due date, look at the calendar and decide which Monday I will process it on, and then schedule to have the bank pay it by or on the due date.  I have never paid interest or a late fee.  And I'm old enough to be your mother, so that's saying something!  Just keep learning and reading about what others know, and eventually you will receive more credit card applications in the mail than you will want.  I probably receive 3-5 a week.  Once you get a car loan or other loan, and have a successful payment record, your scores will go up.  Good luck to you!

[HeavenOhio]

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@fltireguy wrote:
Also, Amex might be a good option, it has the easy potential to grow 9x from SL within the first calendar year!

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I'll second this one. If AMEX doesn't start you out with a great limit, it'll likely grow fairly soon.

Take a look at this topic:

The Definitive Amex 3X CLI Guide

You don't  have to read it all. Reading the first few pages along with the last few pages should give you an idea of what to expect.

[BronzeTrader]

I have a 2nd year college kid who already has 7 credit cards with a total limit of $25,000 with the highest at $6,000 limit.  No need to get higher.  After you get a job after college, credit cards companies will all jump at you.

[HeavenOhio]

The OP asked for options for cards with generous limits. She didn't ask for anything else.

We don't know her income, utilization, spending habits, account ages, etc. We also don't know if her Best Buy card is a retail card or a Visa. And we don't know if the NFCU card is on the Visa, MasterCard, or AMEX network.

At this poiint, all we can really do is answer her question. If she offers up more information, we could get more specific. For instance, if her utilization is high or her accounts are new, it'd be appropriate to suggest that she hold off. Or if her NFCU card is AMEX and her Best Buy card is a retail card, we could suggest that she give MasterCards or Visas priority.

There's another poster here who's a similar age whose goal was to methodically acquire about half a dozen cards and let them age. He's done that well. There's nothing wrong with that.