When applying for new credit-cards, what is generally the max for new cards?

[Anonymous]

For instance, Amazon just gave me $5k. My highest card prior was $3k. If I had somehow gotten that up to $15k-$20k, would Amazon have given me $20k, or are new lines always relatively low?

[Anonymous]

Many creditors like to match highest limits, or at least come close, and sometimes even intentionally beat your highest limit slightly.  Your current reporting limits, together with your reported income, have a large influence on the limits you will get on new cards.

Message Edited by cheddar on 07-16-2008 05:26 PM

[NICKI183]

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cheddar wrote:

Many creditors like to match highest limits, or at least come close, and sometimes even intentionally beat your highest limit slightly.  Your current reporting limits, together with your reported income, have a large influence on the limits you will get on new cards.

Message Edited by cheddar on 07-16-2008 05:26 PM

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Wow Cheddar!  You have done well for yourself in this day of credit.  Kudos to you.

[Anonymous]

NICKI183 wrote:

Wow Cheddar!  You have done well for yourself in this day of credit.  Kudos to you.

Thanks, Nicki!

[Anonymous]

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@Anonymous wrote:

Many creditors like to match highest limits, or at least come close, and sometimes even intentionally beat your highest limit slightly. Your current reporting limits, together with your reported income, have a large influence on the limits you will get on new cards.

Message Edited by cheddar on 07-16-2008 05:26 PM

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Cheddar are you lowballing yourself? I could have sworn you had much more than that.

[Anonymous]

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@Anonymous wrote:

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@Anonymous wrote:

Many creditors like to match highest limits, or at least come close, and sometimes even intentionally beat your highest limit slightly. Your current reporting limits, together with your reported income, have a large influence on the limits you will get on new cards.

Message Edited by cheddar on 07-16-2008 05:26 PM

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Cheddar are you lowballing yourself? I could have sworn you had much more than that.

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Figure in siggy is not counting AUs.  Including AUs it's $58.3K.

I have several low, low limit cards that are going to be weeded very soon.  That's why my number of new accounts is high, but total CL is relatively low for my income.

Sorry for the TJ, OP!

Message Edited by cheddar on 07-16-2008 08:00 PM

[haulingthescoreup]

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@Anonymous wrote:
For instance, Amazon just gave me $5k. My highest card prior was $3k. If I had somehow gotten that up to $15k-$20k, would Amazon have given me $20k, or are new lines always relatively low?

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It's so variable, it's not even funny.

BofA gave me $10K without blinking. Barclays/Juniper gave me $500. In each case, I already had a CU card with a $27K CL displaying.

People with super-high scores and squeaky clean reports can start out with very high initial CL's, although these days, even that isn't necessarily happening.

I think BofA likes to match, at least within the limits of an applicant's credit report. (It's already up to $18K.) Barclays told me that it appeared that I already had plenty of available credit, so $500 was all I needed. Hard to argue with that.

The majority of BofA cards (and most CU cards) don't have much in the way of rewards, so I look on their willingness to give high limits as their version of rewards.