I need a very high credit limit. I have great credit scores!

[sandsanta]

No deep analysis is needed.  The poster claimed he needed 250k in credit yet had 1.5million + in available capital.

[Anonymous]

Somehow I find this story of a person who writes like an seventh grader, makes 800k a year, and is still carrying a huge credit card balance strangely believable.

[Anonymous]

I knew this was BS as soon as I read the first post.

I mean, you're this wealthy tycoon with millions in assets and you're coming onto a website to seek advice? Yeah, right.

[Anonymous]

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@Anonymous wrote:

When I made purchases on the cards, I only made them so I could get the rewards. Which I have chose to receive miles on all of my cards. I bought my daughter a Lexus, and bought my son a BMW, I bought my grandchildren diamond necklaces, I made a lot of purchases on them. The balances on my cards isn't from balance transfers. I need to transfer a balance from the CitiBank card, which has a higher interest rate, onto a card with a lower interest rate, so I can get more rewards from the Citibank card.

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I almost want to kiss you and call you dad or grandpa (which one do you prefer?)... can I have a BMW X6, I wont ever use a credit card I promise!!

[Anonymous]

Because I'm a nitpicking jerk:

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@Anonymous wrote:

Hello;

I am looking to apply for a credit card, I need at least a $250,000 Credit Limit. My FICO score is 803.

I have an annual income of $865,000.

I currently have 6 CC Accounts open,

Capital One VentureOne Rewards with a $95,000 Limit

Discover Card with a $85,000 Limit

U.S. Bank with a $105,000 Limit 

American Express Plaitnum with a $122,500 Limit

Chase Slate with a $89,000 Limit

CitiBank card with a $265,000 Limit

Combined, I have about $388,000 in Credit card debt, which is mostly on the Capital One card, American Express, and the CitiBank card, because they offer the most rewards, and have a 0% Interest rate for 18 Months. I plan to have the entire balance paid off within the 18 months of 0%, but In order for that to happen, I need a card that I can transfer the balance onto. I have great credit, I have 2 Mortgages in my name, each for over $500,000, I have never missed a payment on anything. Any help? I can't find any cards with a limit as high as I need. Any tips? Thank you!

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@Anonymous wrote:

Well, I took (I have no idea who) someone's advise, and I transferred $1,385,228 from my cash account, and paid off both mortgages, I transferred $196,451 and paid off the CitiBank credit card. I transferred $98,910 and paid off the US Bank card. I transferred $42,773 and paid off the Discover card, and I transferred $33,865 and paid off the Chase Bank credit card. I also paid off the Capital One card, which was $77,081. And lo and behold, I was immediately approved for a $20,000 Credit Line increase from CitiBank, a $15,000 increase from Capital one, and a $11,000 increase from Chase Bank. 

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Mostly on the Capital One, card, hmm? $196k on the Citi card, $98k on U.S. Bank, and Capital One at $77k? More numbers not adding up. Just sayin'.

[LS2982]

Notice the troll has not reponded...............BUSTED.

[mxp114]

Interesting info and credit limits. As to whether it is true or not, doesn't matter to me. I enjoyed the read lol I am curious what is the min payment due on such balances?

[Anonymous]

While this post was interesting, it reeks of BS. If I had that kind of money, I wouldn't be seeking my advice from this website, sorry myfico. Instead, I'd be seeking advice from my financial planner, wealth advisor, etc. Besides, most rewards programs earn about 1-2% max in returns. Even with a highly conservative investment portfolio, with those kinds of assets you should be able to earn at least 4-6% back on your liquid assets.

When you get to the OP's supposed level of wealth and income, the only credit one should need is an Amex platinum or other high end charge card for short term (less than 30 day) access to capital.

Edit: grammar

[tinuviel]

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@Anonymous wrote:
While this post was interesting, it reeks of BS. If I had that kind of money, I wouldn't be seeking my advice from this website, sorry myfico. Instead, I'd be seeking advice from my financial planner, wealth advisor, etc. Besides, most rewards programs earn about 1-2% max in returns. Even with a highly conservative investment portfolio, with those kinds of assets you should be able to earn at least 4-6% back on your liquid assets.

When you get to the OP's supposed level of wealth and income, the only credit one should need is an Amex platinum or other high end charge card for short term (less than 30 day) access to capital.

Edit: grammar

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+1

This is what I was thinking, but you beat me to the keyboard. Well said.

[Anonymous]

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@tinuviel wrote:

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@Anonymous wrote:
While this post was interesting, it reeks of BS. If I had that kind of money, I wouldn't be seeking my advice from this website, sorry myfico. Instead, I'd be seeking advice from my financial planner, wealth advisor, etc. Besides, most rewards programs earn about 1-2% max in returns. Even with a highly conservative investment portfolio, with those kinds of assets you should be able to earn at least 4-6% back on your liquid assets.

When you get to the OP's supposed level of wealth and income, the only credit one should need is an Amex platinum or other high end charge card for short term (less than 30 day) access to capital.

Edit: grammar

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+1

This is what I was thinking, but you beat me to the keyboard. Well said.

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This story is BS. 

If you have that much money cash out your investments and pay off your debt!

Is it even possible to buy cars on a credit card?