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MyFICO Forums cited about maximum credit limits on certain cards.

Hex
Established Contributor

MyFICO Forums cited about maximum credit limits on certain cards.

There's a highest credit card limit per card article from The Points Guy that credits MyFICO Forums for some of the data points. 
In case anyone is interested here is the link:

https://thepointsguy.com/guide/credit-cards-with-highest-limits/ 

 

Message 1 of 8
7 REPLIES 7
Hex
Established Contributor

Re: MyFICO Forums cited about maximum credit limits on certain cards.

@Aim_High I think that's your post!

Message 2 of 8
Rebuild2019
Valued Contributor

Re: MyFICO Forums cited about maximum credit limits on certain cards.

Thanks for posting @Hex

CARDS: Discover It | QuickSilver One | Kohl’s | BBT Spectrum Cash Rewards | BBT Bright | PenFed Gold Visa | NFCU CashRewards | NFCU More Rewards | NFCU Platinum Visa | AMEX BCE | Verizon Visa | Wells Fargo Active Cash | Amazon Prime | OverStock
Starting Scores 05/2019: EQ:519, EX:525, TU:574
Message 3 of 8
GApeachy
Super Contributor

Re: MyFICO Forums cited about maximum credit limits on certain cards.

Cool post!  Thanks for sharing @Hex 

"My Take Home Pay Don't Take Me Home"
Message 4 of 8
Aim_High
Senior Contributor

Re: MyFICO Forums cited about maximum credit limits on certain cards.


@Hex wrote:    @Aim_High I think that's your post!

Thanks for the tag, @Hex, and the link to the article!  It's a good read since higher limits are an interest area of mine.  It's possible some of the details were from one of my posts.  I don't think I originated any content as much as I read and observed and learned through these web articles and the knowledge of the community passed along to me as I studied it.  

 

Ironically, I think the article missed some much higher limits referenced in various My Fico data points.  Smiley Surprised   The article also doesn't differentiate between starting limits and upper established limits.  And it probably doesn't focus enough on what it takes to get a very high limit.  The article says, "(Besides FICO score), Issuers will also look at your income, monthly expenses, payment history and credit utilization.  Your age and location can also be factors." 

 

While those are all those are a consideration, I summarize it by saying high limits are profile specific and tend to favor those with either TIME ("age" in the above quote) and/or MONEY (high income; high assets invested; high level of business spend-and-pay.)   While utilization and payment history as well as FICO score are important, they won't get you those high limits without one or both of the above. 

 

For any one interested in reading some of my high-credit-limit observations, follow THIS LINK and then the follow-on links in the other threads.



Length of Credit > 35 years; Total Credit Limits > $600K
AoOA > 28 years (Jun 1993); AoYA (Nov 2021)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 5 of 8
Remedios
Moderator

Re: MyFICO Forums cited about maximum credit limits on certain cards.

Too bad they got it wrong. $80K is far from highest limit. 

Message 6 of 8
Aim_High
Senior Contributor

Re: MyFICO Forums cited about maximum credit limits on certain cards.


@Remedios wrote:

Too bad they got it wrong. $80K is far from highest limit. 


I know, right?  Smiley Tongue  It doesn't take much poking around on My Fico to find multiple reports of cards well into six figures with some of our members.   There's even quite a few others in the $75K to $99K range, at or above that quoted highest limit. 



Length of Credit > 35 years; Total Credit Limits > $600K
AoOA > 28 years (Jun 1993); AoYA (Nov 2021)
* Hover cursor over cards to see name & CL, or press & hold on mobile app.
Message 7 of 8
Space_Daddy
New Visitor

Re: MyFICO Forums cited about maximum credit limits on certain cards.

That's one of the articles I read that brought me to this forum!

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