Should I apply for a new card or request CLI?

[revvystoke]

Looking at possibly another AMEX or Chase, either personal or business card haven't decided yet. Would I have a chance at a decent limit if I were approved, or should I just spring for a CLI? I wouldn't mind a higher limit, 100k on a card is my goal...if posible. My scores in my sig are current, roughly 730-750 at the 3 agencies.

[JoshNurse]

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@revvystoke wrote:

Looking at possibly another AMEX or Chase, either personal or business card haven't decided yet. Would I have a chance at a decent limit if I were approved, or should I just spring for a CLI? I wouldn't mind a higher limit, 100k on a card is my goal...if posible. My scores in my sig are current, roughly 730-750 at the 3 agencies.

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I would personally get another card.  Collect more of the Amex cards or get a Ritz Carlton card.

WHen I bought my BMW 5 series I also got a credit card with $40K credit.  1 year later $65K after I requested a CLI. 

This is the highest one I have.  I am assuming next year  when I trade for an M4 I will get an even higher credit limit. My goal is also 100K in one card but that is tough. My annual salary doesnt help either.

[JoshNurse]

There is a bad way to do it but I dont want to get banned lol

[Anonymous]

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@JoshNurse wrote:

There is a bad way to do it but I dont want to get banned lol

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Then why mention it's existense?

[JoshNurse]

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@Anonymous wrote:

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@JoshNurse wrote:

There is a bad way to do it but I dont want to get banned lol

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Then why mention it's existense?

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I have an itch to say it but I wont.  I'll just leave some bad info below:

Dont do it or listen to this bad info.

1. Use 80% of your credit limit and pay it off in full the next 2 months.

2. If your current credit card limit is $50 ask for $70K.

3. Let 3 months pass and again get your limit to 80% usage (you can buy silver at apmex or many options).

4. Now you pay it off completely in 2 months and again ask for the $100K credit limit.

It will show them you are responsible and can easilly pay back your debt.  You can buy items that can easilly be resold for example gold/silver, apmex, provident metals, etrade account, scottrader transactions etc...

[JoshNurse]

What I am trying to say is you need to show the credit card company that they can trust you. You need to show them you can easilly pay off your debt and have no late payments. Let them know you can handle paying back large transactions with ease. After you build trust only then you can reach the $100K limit.

If you have a very high annual salary you probably dont need to do everything I am saying...

[Anonymous]

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@JoshNurse wrote:

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@Anonymous wrote:

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@JoshNurse wrote:

There is a bad way to do it but I dont want to get banned lol

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Then why mention it's existense?

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I have an itch to say it but I wont.  I'll just leave some bad info below:

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You know..

That wasn't an invitation to post the method. I find most of your posts entertaining but between this and that other post tonight maybe you should step away from the computer for the evening before you do wind up on vacation. I say this in the most respectful way possible.

[revvystoke]

I don't spend 50k in a month, usually less then 15k altogether. I always PIF. In the past year my largest purchases were vehicles which I was luckily able to put on my cards. Not sure if I want to float 25k of silver just for a chance at a CLI.

[Anonymous]

Nixon - a scud missle has been homed in on your location ;( Understand your advice!

[Jerry45]

Well Said.