New Card

[ccsauer]

Hey all. I'm looking to apply for a card, and I have the little website that does the search for the best deals (thanks for that), but I was wondering:

If I have a good, high household income, all 3 scores above 700, zero late payments, but ~75% utilization, is it absolutely impossible to get a card with a high CL, like, 15K or so? what is more realistic? Anyone know how they determine CLs?

Thanks a million!

[Cory]

BUMP,,,,,,,,,,,GOOD QUESTIONS.............

[sl]

Utilizaton pays a big part in your credit score.  I would stay away from AMEX and perhaps try Citicorp.

[Anonymous]

Have you tried CLI on your current  cards yet?

[ccsauer]

No, becasue the issue is to get a zero percent for 15 months (12 would be OK, too) and I doubt they'd extend that to me and give me a higher CL. Good suggestion, though.

[Anonymous]

well it will bring down your utl. %...thats key when applying for new credit.

[Anonymous]

Try Discover. I got 0% interest for 12 months and a 5% balance transfer fee with a max fee of $50. My income is kinda low at just over $30k and they approved me for a $4k credit line. My utilization at the time I applied was about 70%. Maybe you can get a bigger credit line since you probably have a much bigger income.

[Anonymous]

Oh and my Equifax score was 699 at the time.

[Anonymous]

I just received HSBC  visa  and  HSBC mastercard   both $5000  0% transfer till Aug. 2008

score was about 688   high util

[fused]

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ccsauer wrote:
Hey all. I'm looking to apply for a card, and I have the little website that does the search for the best deals (thanks for that), but I was wondering:

If I have a good, high household income, all 3 scores above 700, zero late payments, but ~75% utilization, is it absolutely impossible to get a card with a high CL, like, 15K or so? what is more realistic? Anyone know how they determine CLs?

Thanks a million!

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Your scores are very good! However, your high util might scare away some CCC's or you might be offered high APRs. If you apply without paying down your balance(s), I suggest you stay away from Amex or Discover Card. Do you have enough cash on hand to pay your balances down to 49% or 29% util?