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High limit credit card?

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Frequent Contributor

Re: High limit credit card?

My husband has a penfed 43k
Message 21 of 38
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Valued Contributor

Re: High limit credit card?


@Jccflat wrote:
My husband has a penfed 43k

Nice Smiley Happy

 

Was that his SL or did he work up to that?  How long did it take? And which card?



Updated 07/20/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (Aug 2020)
Total Open Credit Lines Over $521K. Utilization Less Than 1%.
Inquiries until Nov 2020 (TU:3 -- EQ:4 -- EX:9)
New Accounts: 4/6 months; 9/12 months; 12/24 months (as of 07/20/20)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 22 of 38
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Super Contributor

Re: High limit credit card?

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.
Message 23 of 38
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Valued Contributor

Re: High limit credit card?

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?


@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.

 

All 3 780's
All Chp7, Judgements , CO's now legally clean from scores low 600's just using this forum
Chase Amzn 8.5k , Citi BB 5k, Citi Gdyr 5K, Amzn Store 12k, SallieMae 12k Amex BCE 36k , PenFed Promise 50k +15k PLOC, NFCU Plat 48k, NFCU Rewards 15k, CareCredit 25k
Message 24 of 38
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Super Contributor

Re: High limit credit card?


@smarzig 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.

Message 25 of 38
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Moderator Emeritus

Re: High limit credit card?


@AllZero wrote:

@smarzig 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. 

Message 26 of 38
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Regular Contributor

Re: High limit credit card?

Apple card if you have an iphone
Message 27 of 38
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Mega Contributor

Re: High limit credit card?


@Ericguest wrote:
Apple card if you have an iphone

I don't think we've seen many $50K SL on that card though

Message 28 of 38
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Valued Contributor

Re: High limit credit card?


@longtimelurker wrote:

@Ericguest wrote:
Apple card if you have an iphone

I don't think we've seen many $50K SL on that card though


+1  Not only that, but I would go as far to say that at least 80% of Apple Card holders were significantly disappointed in the SL they were awarded or the CLIs they received.  There were only a couple of $40K, some in the $20K to $40K range.  Most well under $10K.  GS Bank has been ultra-conservative. 



Updated 07/20/2020
Total Length of Credit = 35+ years; AoOA (Currently open accounts) = 27+ years;
AAoA = 8+ years; AoYA = less than 1 year (Aug 2020)
Total Open Credit Lines Over $521K. Utilization Less Than 1%.
Inquiries until Nov 2020 (TU:3 -- EQ:4 -- EX:9)
New Accounts: 4/6 months; 9/12 months; 12/24 months (as of 07/20/20)
*Hover cursor over each card to see name & CL, or press & hold on mobile app.
Message 29 of 38
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Regular Contributor

Re: High limit credit card?

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

PERSONAL

BUSINESS
Message 30 of 38
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