High limit credit cards (over 20k)

[coldfusion]

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@folks19 wrote:

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@bourgogne wrote:

you lost me, you have 30K in chase inks/ihg?  nothing beats ink cards for high limits imo but you are missing a few details out of your post, income and rate of spend.   If you make north of 250K and have decent spend through the inks good things will happen in both auto and manual clis.  my inks range from 35-65K.  another good bet is nfcu, again if one has income and spend its a snap to add 8K every half year to the limits.  ax biz cards are also great.  biz cards have the highest limits imo.  out of consumer cards bofa and chase csp and csr are good

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@bourgogne 100%, but business cards don't post to personal credit, so my high limit Ink cards don't help for this purpose. (And I'm happy it's that easy because I put heavy spend on them and take advantage of 0 apr.)

Income is 130k, I'll update the original post. 

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GIven your income, amount of credit has Chase already extended to you, and amount of time you've been a cardholderwith them I suspect that while an approval would be a realistic outcome it would be more of a roll of the dice to get a $20K SL.   A corollary to that is a reminder that while Chase allows limits to be redistributed among cards it does not allow movement from business cards to personal cards although I also suspect that given that you place heavy spend on your business cards a limit reallocation wouldn't be of much if any interest.

[folks19]

GIven your income, amount of credit has Chase already extended to you, and amount of time you've been a cardholderwith them I suspect that while an approval would be a realistic outcome it would be more of a roll of the dice to get a $20K SL.   A corollary to that is a reminder that while Chase allows limits to be redistributed among cards it does not allow movement from business cards to personal cards although I also suspect that given that you place heavy spend on your business cards a limit reallocation wouldn't be of much if any interest.

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@coldfusion What are my chances of I asked to lower my limits in a few months? I have a 17k Ink card with 0 APR expiring soon, and I'd be fine reducing the limit.

Is there any chance that Chase would show a CL relocation from business to personal, even though the the general type doesn't apply? 

[CreditCuriosity]

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@folks19 wrote:

GIven your income, amount of credit has Chase already extended to you, and amount of time you've been a cardholderwith them I suspect that while an approval would be a realistic outcome it would be more of a roll of the dice to get a $20K SL.   A corollary to that is a reminder that while Chase allows limits to be redistributed among cards it does not allow movement from business cards to personal cards although I also suspect that given that you place heavy spend on your business cards a limit reallocation wouldn't be of much if any interest.

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@coldfusion What are my chances of I asked to lower my limits in a few months? I have a 17k Ink card with 0 APR expiring soon, and I'd be fine reducing the limit.

Is there any chance that Chase would show a CL relocation from business to personal, even though the the general type doesn't apply? 

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As mentioned by Cold Fusion reducing your CLs could help then applying although that is a risk that might or might not pay off.   As mentioned by @coldfusion Chase will not do Credit line reallocation from business to personal.  Your income it could go either way and lets say you only get approved for 10k CL initially with chase they do SP CLI increases these days so the new card can certainly grow over time if it doesnt start at your 20k preferred limit

[Aim_High]

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@CreditCuriosity wrote:

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@folks19 wrote:

GIven your income, amount of credit has Chase already extended to you, and amount of time you've been a cardholderwith them I suspect that while an approval would be a realistic outcome it would be more of a roll of the dice to get a $20K SL.   A corollary to that is a reminder that while Chase allows limits to be redistributed among cards it does not allow movement from business cards to personal cards although I also suspect that given that you place heavy spend on your business cards a limit reallocation wouldn't be of much if any interest.

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@coldfusion What are my chances of I asked to lower my limits in a few months? I have a 17k Ink card with 0 APR expiring soon, and I'd be fine reducing the limit.

Is there any chance that Chase would show a CL relocation from business to personal, even though the the general type doesn't apply? 

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As mentioned by Cold Fusion reducing your CLs could help then applying although that is a risk that might or might not pay off.   As mentioned by @coldfusion Chase will not do Credit line reallocation from business to personal.  Your income it could go either way and lets say you only get approved for 10k CL initially with chase they do SP CLI increases these days so the new card can certainly grow over time if it doesnt start at your 20k preferred limit

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IMO, while there might always be exceptions, I believe voluntary CLDs are likely an unnecessary sacrifice, @folks19. 

I agree with @CreditCuriosity that targeting the right lenders and the right cards can help deliver the higher limits you seek.  I've often written about my theories about credit limits with higher ones appearing to go towards AF cards for many consumers.  In my case, I got higher limits with five Chase apps over 18 months on AF cards and the highest was on the highest fee card, CSR.  The lower limits on no-AF cards were also not the last apps in that series.   And knowing each lender's rules about limits (for example, some set known total limits or limits per card) as well as approval patterns based on studying the card approvals forum data points.  

Your best option for now, with 3x inquiries per CRB, is to garden.  Even at higher FICO and higher income, starting limits tend to fall with more recent credit-seeking.  You're at a point where you may get lower-limit approvals with some lenders.  I believe being 0/12 or 1/12 is a much stronger position for optimal SLs.   When you reach that point, you could do a little 2-card mini-spree on two desirable cards to optimize the chances of better limits on each one. 

[Bubblewhale]

BoA can be pretty generious if you do banking with them. Gave me 19K CL on my PR with 80K income when I got the PR last year. Was at 4/24 at that point. 

[xenon3030]

I have a question about your problem statement. How the credit card CL can impact the amount of loan that you plan to qualify? What type of loan is it?

[coldfusion]

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@CreditCuriosity wrote:

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mentioned by Cold Fusion reducing your CLs could help then applying although that is a risk that might or might not pay off.  

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That's right!  CL reduction is an old game churners used to play with Chase before the bank got burned badly enough to take steps to curtail that specific practice like the mininum 24 (now 48) month gap between requalifying for a SUB, but while it could sometimes help with odds of approval they also had  no expectation of recovering all of that CLD if approved nor did they need or even particularly want a high SL to do what they wanted to do with the card either.