Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?
Does your credit union or bank offer any credit card products?
2020 isnt 2014. Its going to be rare for someone to start getting huge limits right off the bat with only low limits and maybe s thin file. Scores really arent everything imo and a lender will look deeper into a report when giving out big limits. Score, history ,income, amongst other things are factored in. Yes Chase often gives big limits but usually to estsblished profile with really good income.
Im not saying you wont get someone to give a nice limit, it does happen, but it isnt generally the case. As stated , a CU like Navy can , maybe you could get lucky getting the Disco/Amex 10k+ bug but honestly you are rolling the dice. Most lenders dont want to be first to give 10k plus thats why we tske time to build are own credit profiles. Best of luck
@Anonymous wrote:
@K-in-Boston wrote:Many lenders will discard your AU accounts entirely. It's difficult to say who you would end up getting large approvals with right out of the gate. Are you eligible for Navy Federal Credit Union membership?
Well this is obviously not the case. I'll agree that car lenders and any type of funding over $50,000 would be hesitant on considering the AU accounts. But credit card companies doesn't do manual checks, other than CHASE who is giving really big limits... <snip> ... AU users are really helpful, and they're def considered, the lenders doesn't look it at like "Hey someone added her/him to a credit card account just to boost their credit". .... They follow protocol and assume you share responsibility for that card and that you have your own card. Therefore, they will consider it, but other factors such as your own primary credit will come into play, in which I have my own primary credit in addition to the au user accounts
Almost everyone here started out with toy limits, today some of us have 7-digit total revolving credit lines. There really are no shortcuts to large credit lines. Due to abuse from people selling tradelines for profit, AU accounts are often discarded completely. Your statement of "Hey someone added her/him to a credit card account just to boost their credit" can be exactly the case for this very reason. On your credit reports, each account shows whether it is individual, joint, or authorized user resposibility. That doesn't require manual review to exclude as any accounts with authorized user in that field can simply be discarded.
You do state in your first post that you have perfect payment history, but previous posts have mentioned lates, judgments, and collections. If those are still on your credit reports, it will be quite difficult to obtain anything other than toy limits.