What income level does it take to get approved for a $5K limit, visa signature card?

[Anonymous]

My US Bank Cash+ is a visa signature, but it wasn't when I first got it. I got it in September 2015 and it was my first credit card. I got a $1000 starting limit and 2 years later, accepted an offer from US Bank to increase the limit. I thought it was only gonna be $3000, but they upped it to $5000, so I was surprised, and it was rebranded a Visa Signature

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US Bank Cash+ Visa Signature $5000 | Chase Freedom $1500 | JCPenney $1500 | Bank of America Cash Rewards $500 | Discover It Cash Back $3500 | American Express Blue Cash Preferred $6000 | Chase Freedom Unlimited $1500

[Anonymous]

I think it’s just a matter of having a file that supports it. 

I got a $7500 SL from Disco last March ($11,200 now), $7200 SL from NFCU in December for my Platinum ($12,700 now after merging most of my cashRewards with it), and a $8K SL from Synchrony on my PayPal Cashback in January and I am around the $18K a year mark. 

Its a matter of finding a company that’s willing to be the first to give you that magic limit and then other companies will follow. When I applied for the Disco, I had a $6250 Capital One QuickSilver that started at $500 in 2014, a $2000 PlayStation card by Capital One, and a $1000 Ollo card. Discover opened some big doors for me. 

[RicHowe]

Visa Signature is a card benefits tier that is offered by the financial institution. This designation is not determined by your income or credit limit; neither is there a requirement for the financial institution to offer a mininum limit to be a Visa Signature card. A US Bank Cash+ card can still be a Visa Signature card with a $500 credit limit.

Some banks (like Chase) will guarantee a minimum credit limit:
Visa Signature: $5,000+
Visa Infinite: $10,000+

Visa Signature (or Visa Infinite) benefits vary by institution but are generally travel related.

[Anonymous]

From what I have heard, the Signature variation of the card is issued when the CL is above $5000. Not sure if this is a hard and fast rule or just a general observation that has been posted here.

[iced]

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The minimum income level is $0, though you should realistically make at least a few thousand a year even if it's via something like Social Security, dividends, or a pension. As stated in another post, it'll be more about your file than your income.

[Anonymous]

I never had this card, but I've gotten Visa Signature cards with a 5K limit before with only a 16K income. 

[Anonymous]

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@Anonymous wrote:

I think it’s just a matter of having a file that supports it. 

I got a $7500 SL from Disco last March ($11,200 now), $7200 SL from NFCU in December for my Platinum ($12,700 now after merging most of my cashRewards with it), and a $8K SL from Synchrony on my PayPal Cashback in January and I am around the $18K a year mark. 

Its a matter of finding a company that’s willing to be the first to give you that magic limit and then other companies will follow. When I applied for the Disco, I had a $6250 Capital One QuickSilver that started at $500 in 2014, a $2000 PlayStation card by Capital One, and a $1000 Ollo card. Discover opened some big doors for me. 

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You mean you make $18000 a year in salary?

[Anonymous]

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@Anonymous wrote:

I never had this card, but I've gotten Visa Signature cards with a 5K limit before with only a 16K income. 

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Which cards? What was your credit score at the time?

[Anonymous]

Chase Ink Business Cash, Chase Sapphire Preferred, and Barclays Uber. Probably between 740 and 760.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

I think it’s just a matter of having a file that supports it. 

I got a $7500 SL from Disco last March ($11,200 now), $7200 SL from NFCU in December for my Platinum ($12,700 now after merging most of my cashRewards with it), and a $8K SL from Synchrony on my PayPal Cashback in January and I am around the $18K a year mark. 

Its a matter of finding a company that’s willing to be the first to give you that magic limit and then other companies will follow. When I applied for the Disco, I had a $6250 Capital One QuickSilver that started at $500 in 2014, a $2000 PlayStation card by Capital One, and a $1000 Ollo card. Discover opened some big doors for me. 

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You mean you make $18000 a year in salary?

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I’m disabled so it’s SSDI but that’s my annual income, yes.