* High limit cards nowadays ? *

[Carloooo]

Hey all!

I am looking for a new high limit card, and wanted to check in this lovely forum about any up and comers I'm  not aware of ! My profile info is:

AAofA: 35 years 

scores: 740-780 All 3

util: 29% total - $200k lines (limits range $7500 - $30k)

income: $200k 

inquiries: About 3-6 past 12 mos each 

No derogatory ever

good mix of all credit 

I have CapOne, Chase and Amex - tried USBank (pending) and WF (denied for Inqs!! Absurd !). 

what can you all recommend for high limits cards and possible virtual card options ? Any big CUs? Any other new banks people are loving for high limits (like the good old Duck days !).

any advice is much appreciated !

thanks !

[CreditCuriosity]

CU would be your best bet.  Utilization is getting a bit up there though which might cause pause to some lenders being 60k in CC debt approx?  Current environment being higher charge off's etc  might be hard finding a big limit card .  Not a ton of exciting offerings or huge CL's off the bat in the last few years as a broad stoke of a brush..  A lot of lenders will have issues with you 3-6 inquiries on each CRA in the the last year whether it is WF, Citi, US Bank and other lenders some don't care about them.  A lot of people will likely give you recommendations.  

[Carloooo]

Thank you sir 🎸 I appreciate that all ! I may check PenFed !

[user979797]

@Carloooo Welcome to myfico Forums. I'll just throw a few in that may be helpful...Navy Federal and USAA are great ones to start with and you get a good chance of a decent SL and a few sign on bonuses with them as well; they are my top picks for getting a good shot at a decent starting limit. You can also try PenFed pre qualify, FNBO pre qualify and Regions pre qualify; all of which have the ability to show you what your limit would be before you accept the offer or take a hard pull. Truist is one that will tell you if you are pre approved by running the pre qualification and if you choose one of those cards it usually isn't a hard pull... but SL with them may start on the lower side so just FYI on that one.

I bet others can be much more helpful but there are a few options for you. I hope you can find what your looking for and get the SL you want. Good luck.  

[Carloooo]

Thank you my friend !! I am trying these all tonite 

[coldfusion]

"high limit" by itself is a somewhat subjective term - what is the mininum starting limit that you want on the card?  The higher you go the list of potential issuers shrinks.  (Penfed no longer issues cards with > $25K starting limits BTW)

What is your approximate current DTI ratio?  That's one of the relevant factors and CUs in particular tend to get scared off if your DTI is much more than 30-35%.

If you just want a basic list of issuers who emperically are willing to issue a highly qualified applicant that doesn't already have a 6 figure deposit account with them with lets say a $30K starting limit a quick subset would be Chase,  PNC,  BECU, Andrews FCU, UNFCU, and  First Tech FCU.

[redpat]

@CreditCuriosity  said your CC debt maybe holding you back.

Visa Infinite cards CL mins are $10k. 

[FicoMike0]

I can give a penfed dp. I applied for penfed pathfinder this week. I logged into my penfed account, where they told me my eq fico9 was 850. I applied, was declined. I see in the online data that it was for a $15000 cl. Haven't gotten the explaination letter yet, but I know I was 0/12 eq inquiries, AoYA 2 months. So, it had to be the recent account and the min for that account is $15000.

[FicoMike0]

My last experience with wf agrees, they turned me down for recent hps.  I opened an account with them, was approved 5 months later. 

[coldfusion]

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@redpat wrote:

@CreditCuriosity  said your CC debt maybe holding you back.

Visa Infinite cards CL mins are $10k. 

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Not always,  US Bank will issue an Altitude Reserve with a SL of less than $10K and while Chase will only issue a CSR with a minimum $10K SL they will allow you transfer enough limit to a different Chase card to drop the CL below $10K (they'll similarly allow a CSP have have its CL lowered to under $5K)