How to get a larger credit limit?

[smcj]

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@tehdrizzle wrote:

Unfortunately I already have their Blue Cash card and signed up back in 2013. I have been hard stuck at 1k until last year when they finally bumped me to 3k.

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$1k is an AMEX limit floor.  If there is explanatory history there, (1) that may indeed take you out of the standard possibility space with them (emphasis on *may* -- their dungeon isn't forever but there is definitely "stuff they want"); but (2) that would not necessarily limit your options elsewhere, FWIW.

[NoHardLimits]

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@tehdrizzle wrote:

Unfortunately I already have their Blue Cash card and signed up back in 2013. I have been hard stuck at 1k until last year when they finally bumped me to 3k.

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That sounds like your credit profile was a lot weaker back then.

[smcj]

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@tehdrizzle wrote:

My last approval for a card was Chase at 4k last year. I haven't made less than 160k for the last 5 years and my credit has always been flawless.

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Chase may not be your best friend in your scenario, credit line size-wise.  I still haven't figured out what on earth they want from me 

[NoHardLimits]

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@tehdrizzle wrote:

AmEx had me at 1k since 2013 and finally approved me to 3k last year. I figured they were super strict.

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Amex is actually very generous, but there may have been something they saw with your 2013 profile that they didn't like.

[tehdrizzle]

I had low limit cards but never missed a payment or had any derogatory marks on my reports. I'm at the point where I'm considering just closing them all except for my local credit union card and maybe 1 or 2 others. I never use them for major purchases and only have them to help build credit which is already exceptional.

[NoHardLimits]

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@tehdrizzle wrote:

I had low limit cards but never missed a payment or had any derogatory marks on my reports. I'm at the point where I'm considering just closing them all except for my local credit union card and maybe 1 or 2 others. I never use them for major purchases and only have them to help build credit which is already exceptional.

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Try to ask your credit union cards for higher limits.  The big banks don't really like to be the first to give high limits.

[NoHardLimits]

Who are your mortage and car loan lenders?  Do they issue credit cards?

[tehdrizzle]

Yes, both are through my local credit union which gave me a 5k limit on my card. They told me they wanted to see me pay off my vehicle before extending additional credit to me. I only owe 3k on a 2022 Prius Prime which I took a 3 year loan for and put nearly half down of the 31k.

[smcj]

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@tehdrizzle wrote:

I had low limit cards but never missed a payment or had any derogatory marks on my reports. I'm at the point where I'm considering just closing them all except for my local credit union card and maybe 1 or 2 others. I never use them for major purchases and only have them to help build credit which is already exceptional.

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I wouldn't close any cards.  Let them hang around sockdrawered, but I wouldn't close them -- the concern there is turning yourself into a "thin file" or rough equivalent of same, in terms of how lender X views you.  Just let them age (throw something on them once a year to keep them from getting due to inactivity).  Sometimes having old stuff around matters in weird ways, even in future conversations with the same lender.

It also sounds like your current lenders aren't serving the needs you presently want served.  Maybe if you share who you have in the stable, it might make your situation a little easier to visualize for folks answering, and they might have good recommends for alternatives/additions/specific strategies.

[tehdrizzle]

Thanks for the help and advice. Here is what I currently have:

Capital One Venture - $3750

Capital One Quick Silver - $4250

Capital One Savor - $500

Great River FCU Visa - $5000

Best Buy/Citi - $1750

Home Depot/Citi - 10k

Lowes/Synchrony - 21k

AmEx Blue Cash - 4k

Chase Freedom - 4k