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High limit credit card?

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coldfusion
Credit Mentor

Re: High limit credit card?


@FinStar wrote:

@AllZero wrote:

@Anonymous wrote:

I have a 50k Penfed Promise that took me about 3.5 years to get there. I use it when I need to carry balances at low API.

BTW I have a 10K PLOC, is PLOC CLI an HP?



It's probably a HP for any credit product or CLI with PenFed. I'm not sure what is the max on the PLOC, 10K perhaps? I believe you can have more than one PLOC if you have additional accounts.


The max CL for PenFed's PLOC is $25K.  And, correct it's HP for a CLI.  The Thrifty Credit Service (or Overdraft Line of Credit) is a separate product, not a PLOC. 


There is 1 exception to the HP CLI rule - if a current cardholder gets a SP-driven preapproved offer for an additional card they can select (a|the) current card and accept the offer.  The value of the SL will instead be applied as a CLI to the selected existing card without a HP. 

(7/2025)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 31 of 38
M_Smart007
Legendary Contributor

Re: High limit credit card?

Good to know for future reference    .. Thanks @coldfusion Smiley Happy

May the vending machine smile upon you todaySmiley Very Happy

Message 32 of 38
coldfusion
Credit Mentor

Re: High limit credit card?


@M_Smart007 wrote:

Good to know for future reference    .. Thanks @coldfusion Smiley Happy

May the vending machine smile upon you todaySmiley Very Happy


Thanks - happily is has been, I needed the additional caffeine. 

(7/2025)
FICO 8 (EX) 850 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 33 of 38
Aim_High
Super Contributor

Re: High limit credit card?


@Anonymous wrote:
High limits often go hand-in-hand with the relation you have with the lender - If you have such with Chase for example - CSR is a great path for such a request

True.  And sometimes, ironically, the relationship matters not in the least. 

I had hoped for relationship mattering with the aforementioned Goldman Sachs Apple card since I already had large six-figure deposits in their money market account.  It helped me absolutely none in my SL or CLI request. 

Strange but recently that account now has a fraction of the previous deposits!   I wonder why ... Smiley Tongue


Business Cards


Length of Credit > 40 years; Total Credit Limits >$936K
Top Lender TCL - Chase 156.4 - BofA 99.9 - CITI 96.5 - AMEX 95.0 - NFCU 80.0 - SYCH - 65.0
AoOA > 31 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 34 of 38
zerofire
Valued Contributor

Re: High limit credit card?


@AllZero wrote:
PenFed's current policy for new members are $10k max CC limit. CC limits per card is 25k unless it's been grandfathered in. Total exposure is $50k.

That must be a rather recent change. Last 2 years or so. I have a 2017 PenFed account where it was my first credit account with them and they issued it at $14,000.

TU:816 12/19/24 Bank of America--EX: 809 01/03/25 Experian--EQ:836 01/06/25 myFICO--Gardening since N/A
Active:
Bank of America (Customized Cash Rewards VSC, Customized Cash Rewards WMC{PT}, Unlimited Cash Rewards WMC{PT}), Capital One (Discover It DC, Savor WEMC), Chase (Amazon Prime VSC, Freedom Flex WEMC [x2], Freedom Unlimited VC{PT}), Citi (Custom Cash WEMC, Dividend MC), Citizens GreenSense WMC, Curve WEMC{S}, FNBO Ducks Unlimited VSC, GBank VSC, PenFed Pathfinder Rewards VSC, Santander Ultimate Cash Back WMC, Synchrony PayPal Cashback WMC, UMB Simply Rewards VSC[Milford Federal], US Bank (Cash+ VSC [x2], Kroger Rewards WEMC, Pick n Save/Metro Market Rewards WEMC, Shield VC)
Wishlist: AAA Daily Advantage, AOD Signature, Bellco Colorado Rewards, Nusenda Platinum Cash Rewards, PCMCU Platinum Rewards, Redstone FCU Signature
Message 35 of 38
AllZero
Mega Contributor

Re: High limit credit card?


@FinStar wrote:

@AllZero wrote:

@Anonymous wrote:

I have a 50k Penfed Promise that took me about 3.5 years to get there. I use it when I need to carry balances at low API.

BTW I have a 10K PLOC, is PLOC CLI an HP?



It's probably a HP for any credit product or CLI with PenFed. I'm not sure what is the max on the PLOC, 10K perhaps? I believe you can have more than one PLOC if you have additional accounts.


The max CL for PenFed's PLOC is $25K.  And, correct it's HP for a CLI.  The Thrifty Credit Service (or Overdraft Line of Credit) is a separate product, not a PLOC. 


Thank you for the clarification on the PLOC CL max.

 

I recalled reading someone's post on the PLOC, 2nd PLOC might have been a joint account? I'll have to research...

Message 36 of 38
AllZero
Mega Contributor

Re: High limit credit card?


@zerofire wrote:

@AllZero wrote:
PenFed's current policy for new members are $10k max CC limit. CC limits per card is 25k unless it's been grandfathered in. Total exposure is $50k.

That must be a rather recent change. Last 2 years or so. I have a 2017 PenFed account where it was my first credit account with them and they issued it at $14,000.


IIRC it was for 2019. Recent data points in the approvals forum appears that PenFed is offering more than $10K SL.

Message 37 of 38
Aim_High
Super Contributor

Re: High limit credit card?


@AllZero wrote:

@zerofire wrote:

@AllZero wrote:
PenFed's current policy for new members are $10k max CC limit. CC limits per card is 25k unless it's been grandfathered in. Total exposure is $50k.

That must be a rather recent change. Last 2 years or so. I have a 2017 PenFed account where it was my first credit account with them and they issued it at $14,000.


IIRC it was for 2019. Recent data points in the approvals forum appears that PenFed is offering more than $10K SL.


^ ^ This is true.  I opened new accounts with PenFed in November and applied for the Power Cash Rewards card at the same time, so no prior relationship.  They approved me with a $15K limit.  I wonder if I wouldn't have gone higher if I had either established banking for awhile first or else if I had not added numerous other cards prior to the Power Cash in 2019.  (I saw SLs with PenFed as high as $25K last year.)


Business Cards


Length of Credit > 40 years; Total Credit Limits >$936K
Top Lender TCL - Chase 156.4 - BofA 99.9 - CITI 96.5 - AMEX 95.0 - NFCU 80.0 - SYCH - 65.0
AoOA > 31 years (Jun 1993); AoYA (Oct 2024)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 38 of 38
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