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Question about getting higher CL

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Anonymous
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Question about getting higher CL

ok to start off with im 27 years old, I've had credit since 18 although my wife stupidly closed my longtime account. I have two new vehicles in my name and currently have one year left on both (thank god no more 900 a month on payments) im in the army so my salary is only like 30k a year. I have a citi diamond with a 7200 CL and recently got a barclaycard arrival plus world elite card with 5000 CL. I really am happy with the barclay,,the credit score is nice to be able to see. Mine shows to be 794 (when I got the first car the bank said I had a score of 810) guess it's because I got a vehicle, it was a POS so I took it back 6 months later and got a new one and then 6monthsafter that got another new one all without co signer. Debt to income prob is what killed me. Anways how can I jump up in CL or can I? I've been getting CL increase on the city every so often through asking but it's like 1200 every 6 months. Do I just need to get more cards and continue waiting it out? What should I try to apply for? I know to wait the 6 months after the Barclays. I keep utilization to like 3% so a higher limit would be nice to not just pay down all the time. 5000 limit sucks. I see everyone with like 30k limit and lower scores. Is it my income that's killing me? Thanks 

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2 REPLIES 2
Skye12329
Valued Contributor

Re: Question about getting higher CL

As for higher CL it does depend on credit report and income. Obviously a higher income would help but it's not uncommon to have your CL exceed your income. At least that's what I have seen. You could try asking for a cli but both cards would result in a HP generally. Otherwise wait it out 6 mos and see if barclays gives an auto cli. IMO it's easier to apply for a new card and get a higher credit limit than it is for asking a increase. Just my opinion though. Also depends on the lender. From what I have seen chase and cap1(only on excellent credit cards from what I have seen) gives higher limits. Amex might start you at a slightly lower limit but after the 61 days you can triple it. Which could be the reason for that.
BK7 - 2/21
Cap1 QS - 2k (4/21) - Closed
Mission Lane - 4k (11/21) - Closed
Venmo - 900 (11/21) - Closed
SavorOne - 2700 (12/21)
VentureOne - 2000 (7/22) - Closed
CareCredit - 12000 (6/23)
Sam's Club - 2500 (7/23)
Venture - 5500 (8/24)
HELOC - 33000 (7/23)
Message 2 of 3
Kenny
Moderator Emeritus

Re: Question about getting higher CL

It also takes time to develop trust with companies to extend you large lines. Large lines yield larger lines later on down the road. I will tell you though, for sure, that a lot of why you don't have larger lines is time and your income right now.
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