I have several cards with the newest approx 2 years old. I've been trying for several years to get at least one high limit card for large purchases I make from time to time. I have a few cards at $10k, but never seem to be able break past that limit. I regularly rotate and use them up to 5-6k and pay them off within a month or 2. I do have a small >$1k balance on the report but that's just due to purchases close to billing cycle. I am really hoping for something in the $20k range as that serve all my needs. Any suggestions on how to go about requesting that sort of limit or what companies might be more apt to give that sort of limit?
5y Chase Sapphire Preferred $10k
2y DiscoverIT Chrome $10k
3y AMEX Blue Cash Everyday $10k
8y Citi American Airlines $10k
11y Chase Amazon $10k
7y Local CU $10k
9y Amazon Store $10k
6y Lowes Store $10k
4y Choice Privileges $8.3k
11yCapitalOne QS MC $5k
12y CapitalOne QS Visa $2.25k
1y Mortgage $145k
Income approx $165k
Scores are 780-805
Have you requested any CLIs?
Also First Tech has a CC that starts at $25k.
They can be rather conservative. Your income should meet their standards easily. The card does have a AF.
https://www.firsttechfed.com/borrow/credit-cards/odyssey-rewards
@ajcredit wrote:5y Chase Sapphire Preferred $10k
2y DiscoverIT Chrome $10k
3y AMEX Blue Cash Everyday $10k
8y Citi American Airlines $10k
11y Chase Amazon $10k
7y Local CU $10k
9y Amazon Store $10k
6y Lowes Store $10k
4y Choice Privileges $8.3k
11yCapitalOne QS MC $5k
12y CapitalOne QS Visa $2.25k
1y Mortgage $145k
Income approx $165k
Scores are 780-805
American Express -- this is the easy one. Soft pull credit limit increases can be requested at 6 month intervals. Go big in your request. If it's too big they won't turn you down, they'll counter.
Discover -- can make soft pull credit limit increase requests as often as you like. Unpredictable outcomes.
Chase -- the best formula seems to be to put a lot of action on the card, and hope for an automatic increase, but now that they have instituted soft pull CLI requests, you can go that route as well. The Amazon Prime has been especially receptive to CLI requests.
Citi -- you can make CLI requests at 6 month intervals; it will tell you before you apply if it's soft pull or hard pull.
The first one on your list that I'd take a good look at is Amex, since you're an existing customer. In addition to CLIs, they can also be generous with additional accounts, and there's a strong likelihood (not guaranteed) of a SP approval too, so maybe consider another revolver like the BCP (not one of their charge cards).
@ajcredit wrote:5y Chase Sapphire Preferred $10k
2y DiscoverIT Chrome $10k
3y AMEX Blue Cash Everyday $10k
8y Citi American Airlines $10k
11y Chase Amazon $10k
9y Amazon Store $10k
6y Lowes Store $10k
Income approx $165k
Scores are 780-805
are you requesting credit line increases?
I had been requesting CLIs but getting denied. Reasons were vague to me, like high balance on installment loan (the new home loan I'm assuming) and usage of current limit. One even said could not raise due to maximum limit available (I think Amazon. I'll have to look again.)
Funny thing is I just tried the Lowes Store for $35k and got an immediate approval.
Chase says no offers are available when I try.
I might try the local CU and see if they can make an in house decision on one that would hopefully do something to trigger the others.
I see many of you have several cards in the $30-$40k range. What type of income does that take?
During the pandemic in 2020 my income went from $35k to $145k so it's been a bit different for me in even thinking about credit this way. Most of the my cards were issued at around $5k or less except for the CSP and the local that was $10k. The others received automatic CLIs within a year or 2 after opening.
I do have 12 inquiries on my report from a year to 18 months ago when I was shopping around for a mortgage loan. I wonder if that has an effect.