In need of higher limit cards!

[Anonymous]

Scores aren't everything. Creditors also take into account one's stated income and amount of money run through their cards.

1. Ensure your income info is up to date with the creditors. That alone can result in CLI, if they had no stated income data on-file previously and/or your income has increased.

2. Use your cards more and pay down balances aggressively; frequently PIF will further help, though best to allow at least one report a smallish balance monthly for optimal FICO 8 scoring.

3. Apply for another card. Not talking store cards, but rather another regular credit card. Try the Amex pre-approval site. If no offers are available, work your scores to around 670 and try again a month or two later. As already suggested, also try Bank of America.

[Anonymous]

Mainly for business purchases. 

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@Anonymous wrote:
Any reason why you need a higher limit? Or is it just to say "I have a 10k limit"

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[Anonymous]

No...I have no use for BT right now 

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@Anonymous wrote:

I find that Bank of America gives generous limits. Do you plan on using it for a balance transfer?

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[Anonymous]

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@Anonymous wrote:

Hello

With collections will be tough. If they are open, any way you can settle them?

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I am working on deleting two and paying off one by end of Jan. 

[Anonymous]

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@elim wrote:

strange no Cap1 prequal... could be some other error.   I think i would try QS first.  Only way to find out is to app.

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I agree. I would have to cold app for Venture in 6 months or so...more room to increase my scores. 

[Anonymous]

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@NRB525 wrote:

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@Anonymous wrote:

2) US Bank LifeMiles $300       Aug 2014

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Go into a US Bank branch and apply for a card there. With over a year of history with them, you may be able to get a decent unsecured card.

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You are right..I would go for the Cash + for sure!

[Anonymous]

I'm not sure what spooks CUs and what doesn't, but our first high limit card was with a local CU when our scores weren't great, not too long after we'd been CLD'd by Chase and Citi IIRC. Maybe in January, try one? 

[Anonymous]

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@Anonymous wrote:

Your TU is a bit low for a Barclay CLI, but if you use the card frequently and make large payments, when the card hits one year you may get a good CLI from Barclay if your TU goes up a bit in the meantime. It also depends on how recent your other lates are. I know it can be frustrating and I hope it works out well for you.

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I got one CLI 3 weeks ago. Went from $500 and $1250. I have been using my Freedom extremely heavily but will now shift some towards Barclay. Thanks

[Anonymous]

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@creditguy wrote:
Don't we all need or should I say want higher limits. I got higher limits when I built my file and scores, it doesn't happen overnight and nothing is guaranteed. I'm not sure what type of limits your looking for but Venture can start as low as $5k so that may not be the soloution. Honestly with your AAOA, scores and unpaid collections you may not be on higher limit radars for a while. No one can tell you with any certainty what kind of limits you'll get, so choose your HP's wisely, or just garden for a while and clean up your collections and you should be looking good for those higher limits.

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I must agree with you! I think my best bet is to get them colelctions out of the way to increase my chances. Venture would def be great but it's gonna have to wait until things gets better as I am in no rush. 

[Anonymous]

Thanks for the info. I've def been doing point 2. BofA does sounds good. No pre-qual from Amex but I will wait till I am above 670 and apply for Delta Gold. 

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@Anonymous wrote:

Scores aren't everything. Creditors also take into account one's stated income and amount of money run through their cards.

1. Ensure your income info is up to date with the creditors. That alone can result in CLI, if they had no stated income data on-file previously and/or your income has increased.

2. Use your cards more and pay down balances aggressively; frequently PIF will further help, though best to allow at least one report a smallish balance monthly for optimal FICO 8 scoring.

3. Apply for another card. Not talking store cards, but rather another regular credit card. Try the Amex pre-approval site. If no offers are available, work your scores to around 670 and try again a month or two later. As already suggested, also try Bank of America.

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