What's your ACL (Average Credit Limit)?

[Aim_High]

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@AndrewF wrote:

Discover, Barclay's, and American Express are dragging me down.

Discover won't give me a CLI from $3000 and $3300 and AmEx opened my BCE recently with the $1,000 special. Barclay's recently (Priceline) at $2,000. LOL

Capital One gave me $5,500, $20,000, and $30,000.

Chase Amazon Prime at $5,100 recently opened through recon after IIB Chase in chapter 7 in 2020, Synchrony Amazon at $4,500.

PayPal Synchrony at $8,800.

Wells Fargo Active Cash at $10,500.

I'm mostly not even using the Discover anymore (both frozen) and just keeping them open so they continue to age, occasional small purchase. 

Will try to get CLI out of AmEx soon.

Considering closing the Synchrony Amazon since I have the Chase. It's frozen. Might keep it to continue aging it. But if they close it for inactivity I don't care.

One of my FICO negative reason codes was too many credit cards. But I'm not sure if trimming two Discovers and the Synchrony Amazon will help that.

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So as to the original topic, @AndrewF, where does all of that leave your average credit limit? 

[AndrewF]

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@Aim_High wrote:

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@AndrewF wrote:

Discover, Barclay's, and American Express are dragging me down.

Discover won't give me a CLI from $3000 and $3300 and AmEx opened my BCE recently with the $1,000 special. Barclay's recently (Priceline) at $2,000. LOL

Capital One gave me $5,500, $20,000, and $30,000.

Chase Amazon Prime at $5,100 recently opened through recon after IIB Chase in chapter 7 in 2020, Synchrony Amazon at $4,500.

PayPal Synchrony at $8,800.

Wells Fargo Active Cash at $10,500.

I'm mostly not even using the Discover anymore (both frozen) and just keeping them open so they continue to age, occasional small purchase. 

Will try to get CLI out of AmEx soon.

Considering closing the Synchrony Amazon since I have the Chase. It's frozen. Might keep it to continue aging it. But if they close it for inactivity I don't care.

One of my FICO negative reason codes was too many credit cards. But I'm not sure if trimming two Discovers and the Synchrony Amazon will help that.

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So as to the original topic, @AndrewF, where does all of that leave your average credit limit? 

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$8518.18

[pizza1]

27/ $525,800/ $19,474

[fendervans]

12750 highest is 22k and lowest is 7k

[dfwxjer]

Quick update due to a CLI on my BofA and opening the Chase United card

$52857 average CL amongst 7 cards. I don't count my wife's Apple card because we're canceling it this week. 

Citi CC - $55k

Citi Costco - $45k 

Amex BCE - $70k

BofA - $60k

Amazon Prime - $35k

CSR - $55k

United - $50k

[radiofrequencies]

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@dfwxjer wrote:

Quick update due to a CLI on my BofA and opening the Chase United card

$52857 average CL amongst 7 cards. I don't count my wife's Apple card because we're canceling it this week. 

Citi CC - $55k

Citi Costco - $45k 

Amex BCE - $70k

BofA - $60k

Amazon Prime - $35k

CSR - $55k

United - $50k

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Impressive! Very nice ACL. If the Apple Card is your wife's and you're an authorized user, I wouldn't expect it to be included in the calculation of your ACL. Are you the primary account holder of the cards you listed or are some of them AU accounts?

[dfwxjer]

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@radiofrequencies wrote:

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@dfwxjer wrote:

Quick update due to a CLI on my BofA and opening the Chase United card

$52857 average CL amongst 7 cards. I don't count my wife's Apple card because we're canceling it this week. 

Citi CC - $55k

Citi Costco - $45k 

Amex BCE - $70k

BofA - $60k

Amazon Prime - $35k

CSR - $55k

United - $50k

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Impressive! Very nice ACL. If the Apple Card is your wife's and you're an authorized user, I wouldn't expect it to be included in the calculation of your ACL. Are you the primary account holder of the cards you listed or are some of them AU accounts?

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Yeah, I'm just an AU on the Apple card, but we just closed it today. I'm primary on the rest. 

[Varsity_Lu]

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@dfwxjer wrote:

Quick update due to a CLI on my BofA and opening the Chase United card

$52857 average CL amongst 7 cards. I don't count my wife's Apple card because we're canceling it this week. 

Citi CC - $55k

Citi Costco - $45k 

Amex BCE - $70k

BofA - $60k

Amazon Prime - $35k

CSR - $55k

United - $50k

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$55k is your median and only 2 cards below $50k.  That's pretty impressive, really.

[Varsity_Lu]

Just got a bump in my newish OnePay card: $4k -> $8k.  That brings my ACL up to $13,922. High is $21,500, Low is $6,000, and Median is $11,900.

[dfwxjer]

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@Varsity_Lu wrote:

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@dfwxjer wrote:

Quick update due to a CLI on my BofA and opening the Chase United card

$52857 average CL amongst 7 cards. I don't count my wife's Apple card because we're canceling it this week. 

Citi CC - $55k

Citi Costco - $45k 

Amex BCE - $70k

BofA - $60k

Amazon Prime - $35k

CSR - $55k

United - $50k

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$55k is your median and only 2 cards below $50k.  That's pretty impressive, really.

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It's the result of closing a lot of cards along the way and only keeping the high value relationships. I know many on here get far more value than I do but this setup works for me.