Seem to be reaching internal limits with a few creditors

[IWOL]

It sems that I have reached my internal limits with a few of my creditors.

I dont have any need for more credit as I have over $300K in available credit but I had become accustomed to asking for CLI periodically over the last 2 years since I started rebuilding and am just now starting to get my first CLI denials.

I recently requested an increase on my B of A card and it was granted but they just took away the same amount from my Fidelity Amex card, so I guess for now my internal limit with B of A is 40K, although they keep sending me pre-approvals for the Travel Rewards and Alaska cards.

I have an Arrival Plus and Red Aviator with Barclays. Total limit over the 2 is $26K. I recently applied for the Ring card and got an auto deny with no pull. Letter stated that they have extended me the maximum amount of credit at this time.

For an overview these are my total limits with each creditor

Chase - 5 cards for a total of 52K

B of A - 2 cards for a total of 40K

Amex - 3 revolvers for a total of 22k

Barclay - 2 cards for a total of 26K

Citi - 2 cards for a total of 23K

Cap One - 1 card for 20K

Discover - 2 cards for a total of 16K

I was wondering, do some of you have total limits with 1 creditor that meet or exceed your annual income?

[Anonymous]

I ran into that with Citi at about 1/3rd of my income (or 1/5 of household).   But later they allowed more wihout a significant rise in income.

[kdm31091]

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@IWOL wrote:

It sems that I have reached my internal limits with a few of my creditors.

I dont have any need for more credit as I have over $300K in available credit but I had become accustomed to asking for CLI periodically over the last 2 years since I started rebuilding and am just now starting to get my first CLI denials.

I recently requested an increase on my B of A card and it was granted but they just took away the same amount from my Fidelity Amex card, so I guess for now my internal limit with B of A is 40K, although they keep sending me pre-approvals for the Travel Rewards and Alaska cards.

I have an Arrival Plus and Red Aviator with Barclays. Total limit over the 2 is $26K. I recently applied for the Ring card and got an auto deny with no pull. Letter stated that they have extended me the maximum amount of credit at this time.

For an overview these are my total limits with each creditor

Chase - 5 cards for a total of 52K

B of A - 2 cards for a total of 40K

Amex - 3 revolvers for a total of 22k

Barclay - 2 cards for a total of 26K

Citi - 2 cards for a total of 23K

Cap One - 1 card for 20K

Discover - 2 cards for a total of 16K

I was wondering, do some of you have total limits with 1 creditor that meet or exceed your annual income?

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I don't have any cards that meet or exceed my income but looking at your list, you have a lot of credit available. You might need to accept that you are at your peak with your income (credit to income), period, and if you want more you either can wait longer where your income might go up a bit, or cut out some cards to add new ones. Credit isn't infinite and most people will hit this point eventually.

It would make me personally nervous if I had cards way above and beyond my income (not that you necessarily do but just a general point) simply because the further you get from your income, the more risky it can appear. Now, does every lender seem to pay attention? No. Do plenty of people get approved well beyond their income? Yes. But I do think there can be a risky appearance to it.

You said it yourself -- you don't need anymore credit. So if that's the case, let it be. CLIs are nice but if you don't need them, just use your cards and don't fret over it

[Anonymous]

i think the OP was just stating they're at their limit, not that they can't accept it. i think you're perceiving it as the OP disappointed, but i perceive it as they're just making an observation and had a question if anyone has more credit than income with a particular lender.

personally, all of my credit cards combined are less than my income by around half lol.

[kdm31091]

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@Anonymous wrote:
i think the OP was just stating they're at their limit, not that they can't accept it. i think you're perceiving it as the OP disappointed, but i perceive it as they're just making an observation and had a question if anyone has more credit than income with a particular lender.

personally, all of my credit cards combined are less than my income by around half lol.

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I wasn't so much implying they were upset. I was just saying if they did want more, they'd likely have to cut something out at this point because they've reached the peak.

I know many posters around here have card limits meeting/exceeding income...but it's an individual preference as to how comfortable one is with it. I feel it can appear "riskier" to have a huge amount more credit than income available, but depends on your perspective.

[Anonymous]

then maybe i misunderstood your wording and how your tone was (afterall this is the internet lol)
but yeah i personally wouldn't feel comfortable if i had too much available credit. honestly, i wish i could combine all of my cards into like 2-3 cards and have the limit disbursed between them and have it simple haha.

[Anonymous]

You can't get any more with AMEX? Seems like you should get a little bit more atleast with your profile. 

[IWOL]

Thanks for the replys.

Just to calarify, im not upset over it in anyway. I was just putting it out there for information purposes really, for some who might wonder what the internal limits might be for single creditors vs. income and credit profile.

Obviously it will vary greatly for everyone.

Chase being my highest total limits are at around 40% of my income.

Barclays is only willing to extend 20% of my income, so every creditor is different.

I was also curious to see what the highest limit some might have with one creditor as a percentage of their income.

My total limits are close to 2.5 times my income so that obviously has an impact on what any 1 creditor will extend me.

[IWOL]

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@Anonymous wrote:

You can't get any more with AMEX? Seems like you should get a little bit more atleast with your profile. 

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Amex has granted both my 61 day and 6 month CLI for the full 3X so Im not sure yet how high they will go plus I have 1 personal gold and a busines gold and platinum with them.

[dodgerslv]

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@IWOL wrote:

It sems that I have reached my internal limits with a few of my creditors.

I dont have any need for more credit as I have over $300K in available credit but I had become accustomed to asking for CLI periodically over the last 2 years since I started rebuilding and am just now starting to get my first CLI denials.

I recently requested an increase on my B of A card and it was granted but they just took away the same amount from my Fidelity Amex card, so I guess for now my internal limit with B of A is 40K, although they keep sending me pre-approvals for the Travel Rewards and Alaska cards.

I have an Arrival Plus and Red Aviator with Barclays. Total limit over the 2 is $26K. I recently applied for the Ring card and got an auto deny with no pull. Letter stated that they have extended me the maximum amount of credit at this time.

For an overview these are my total limits with each creditor

Chase - 5 cards for a total of 52K

B of A - 2 cards for a total of 40K

Amex - 3 revolvers for a total of 22k

Barclay - 2 cards for a total of 26K

Citi - 2 cards for a total of 23K

Cap One - 1 card for 20K

Discover - 2 cards for a total of 16K

I was wondering, do some of you have total limits with 1 creditor that meet or exceed your annual income?

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you are not alone IWOL...I definitely have reached max exposure witih a few creditors including BofA/Fia...I applied for the Fidelity a couple of months ago and got approved for only 1k....Letter said thats all they could extend me at the moment because of income and debt. I have 60k already with BofA before the FIA approval. Barclays has told me the same for when i a last applied for the Ring. I have 44k with them. Citi is the only one that has been very generous with me. At one time i had almost 80k with them not counting the 18k PLOC and 3K Overdraft. I have lowered my exposure with BofA down to 50k, Citi down to 65k .I am planning the same for Chase and Barclays. My income is just over 250K and overall credit at 415k so i am not asking for any more credit for a while...here is a list just for info:

Chase 77k among 8 cards

Citi 65k among 6 cards

BofA/Fia 50k among 4 cards

Capital One 58k among 4 cards

Barclays 44K among 4 cards

US Bank 27k among 3 cards.

and of course a few more banks but not as big exposure like the ones above.