Correlation between having multiple cards with similar limits?

[Anonymous]

I've noticed that a lot of people tend to have credit card limits around the same level. For example, they'll have multiple cards with $500 limits or multiple cards with $5000 limits. 

I'm curious if others have noticed this too and what the potential corrleation could be between having an initial high/low limit and then having additional high/low limits for new cards.

[Anonymous]

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@Anonymous wrote:

I've noticed that a lot of people tend to have credit card limits around the same level. For example, they'll have multiple cards with $500 limits or multiple cards with $5000 limits. 

I'm curious if others have noticed this too and what the potential corrleation could be between having an initial high/low limit and then having additional high/low limits for new cards.

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The reason that you see that is because lenders tend not to want to be the first to extend to you a credit limit significantly higher than your current limits.  It's always hard to get higher and higher limits.

[takeshi74]

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@Anonymous wrote:

Correlation between having multiple cards with similar limits?

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Similar approval criteria for a given credit profile.

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@Anonymous wrote:

I'm curious if others have noticed this too and what the potential corrleation could be between having an initial high/low limit and then having additional high/low limits for new cards.

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It all depends on what one's credit and income qualifies for versus a given creditor's criteria.  One might get similar limits.  One might not.  Creditors, however, do not simply match limits.