Your first $10,000+ Limit?

[KLEXH25]

Out of curiosity, how long did it take some of you to start seeing credit card limits from $10,000 and up? I'm referring more to when you're starting out with new credit (short credit history) rather than rebuilding. Was it from a starting limit or CLI? What were the limits of your other cards at the time? Any information you can remember or provide is appreciated...thanks!

[Anonymous]

I've seen it vary from a person with 0 cards and only AU accounts pull off a 15K CSR app last week, another post in approvals for Amex 15K w/ AU only accounts, and so on...

It varies by profile but, I would say most of us generally find the key to getting there is to push the CLI buton as often as practical until the CL breaks through the barrier.

[KLEXH25]

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@Anonymous wrote:

I've seen it vary from a person with 0 cards and only AU accounts pull off a 15K CSR app last week, another post in approvals for Amex 15K w/ AU only accounts, and so on...

It varies by profile but, I would say most of us generally find the key to getting there is to push the CLI buton as often as practical until the CL breaks through the barrier.

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You bring up a good point by mentioning AUs. I'd rather have data points from people with no AU accounts, as that artificially inflates your credit age.

[Anonymous]

Yeah, if it hadn't been so long ago I could pull up a CR and see when it happened through the old reports.  Those accounts have been dead a LONG time now and aged off eons ago.  I know it took a couple of years to get to the point of an initial limit hitting 10K+ by chance.  Back then thinking to come here on dial-up would have been the last thing to do.  Back before there was FICO as we know it today and each bureau had their own scoring systems in place and you actually mailed in the app w/ a stamp on it.

[Anonymous]

My second card back in like 2007 was $12K I believe. US Bank practically threw the thing at me. My first card was BoA at $6500. It was a lot easier to get credit back then - I didn’t have an AU to give me a hand and I didn’t have any credit at all until that 18% variable APR offer came from BoA.

With my rebuild, my first $10K that I didn’t get through account combinations was surprisingly my Disco. First CLI brought me from $7,500 to $10,500.

[Revelate]

10/11 -> 7/15.

I wasn't playing hard, Amex did get me to 9K after the second 3X CLI back in 2013 and then both Fidelity/Barclays sniffed around that range in 2014, but there was a lot of gardening in there where I wasn't touching my credit report prepping for a mortgage; soon as the mortgage closed pulled a trigger on the then CSP and picked up a 22k line.

[KELSTAR]

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@KLEXH25 wrote:

Out of curiosity, how long did it take some of you to start seeing credit card limits from $10,000 and up? I'm referring more to when you're starting out with new credit (short credit history) rather than rebuilding. Was it from a starting limit or CLI? What were the limits of your other cards at the time? Any information you can remember or provide is appreciated...thanks!

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My first 10k+ was 10/15/17(a Sunday). Discover SL $15,000 on an Experian pull FICO 683. Dirty file but most almost 6 years old or older and about to fall off credit report.

Income was $89,000 at the the time.

Highest revolving limit prior was a $2,000 Visa at my local bank(opened in Jan 2015) that I used heavily. Almost always reporting  greater than 50% utilization and many times approaching 90%. I didn't care about the effects of that utilization at the time and thus that was my FICO score almost every month. I paid in full monthly. I only had a CAP1 Platinum card with a $800 limit as another revolver and no inquiries on report except a mortgage inquiry in August of that year and car loan inquiries that were consolidated into 1 inquiry.

Now that Discover limit is $24,000 and is my highest. Love the card! I use it heavily on category spend but that is still under 2k a month.

I can offer an opinion on what gets you a credit line of 10k or more on my recent experience; and that is,

1. At least 2 years clean report(totally clean is not necessary)

2. Extremely limited inquiries.

3. Heavy utilization of current cards.

4. Paid monthly of total previous heavy utilization.

5. Limited new accounts recently opened(like 1 or fewer in last 6 months)

Just my opinion and some data points for my fellow FICCOERS!

Peace out!

[Turbobuick]

There wasn't always "CLI buttons" or even online accounts. Larger limits come with the ability to handle credit and credit history. My first $10000 line might have been 20-30 years ago, but getting one seemed to breed many. Most of my lines are over $15000, way more than necessary. It was simplier times before the days of rewards, 2-3 cards were plenty.

Recently Amex chopped my BCE $24K line to $12K. It was surprising, but in the end I didn't care because I don't $12K either. I went from spending $300-500 a month on groceries to zero because we got a better grocery card. 

[FloydWonder]

My first (and only, so far) 10k limit is my Wells Fargo PLOC opened May of last year. At the time of my application, my AoOA was 10 months and AAoA was somewhere around 6 months.

Had two small CCs ($1500 & $500) plus a 4 month old auto note. Asked for $10k, and $10k I received. There was a also paid T-Mobile collection on file dated 10/16.

[pinkandgrey]

My Amex BCE was the first over 10k. It was via CLI, though, not SL.