MemberSince99 wrote:Um, where in what I said did I mention anything about them being "out to get me"? Would you mind quoting that and letting me know where I said it, or is that just your interpretation? And in that case you're wrong - I don't think that. I simply stated the fact they are not interested in being competitive with my other limits.
Seriously you have to be kidding. Why are high limits important? I'm not going to rehash credit 101 - do your own research. You aren't going to listen to anything I say so why would I waste my time explaining what you could easily Google?
What is important to me is something COMPETITIVE with what I currently have. I'd have been fine with 5k, which match my lowest limits. It didn't have to be 15 or 20k just something at least in the ballpark with what I have.
Did that answer your question or are you just hacked off because I closed them out for that?
Wow, lighten up a little. I just didn't understand where you are coming from, it wasn't a jab. Maybe you read a little too deep into these things, it’s just business after all, there is nothing personal about being denied an app or receiving a low initial limit. Each grantor has their own model with an ideal customer. The further you are away from that ideal customer the lower your limit, the higher your APR, etc.
It is because of the research I've done and my personal experience that led me to ask the question.
I have several cards and since 2005 haven't had an app denied. The limits on my cards range from $800 to $25k plus whatever my Amex Plat gives. Having a few cards with low limits has never hindered me getting approval for new cards, CLIs or APR reductions.
Last month when I called to have my HA Visa limit raised I told them I wasn’t going to change how I use it or use it more I just didn’t want the card maxed out each month. She told me that was a smart move and raised my limit to $3k from $1k. In fact I let her talk me into $3k, I originally only wanted $2k…
On average my FICO scores are probaly 25 pts lower than yours. I do well though probably due to all the other variables. All this leads me to believe that credit score is like $ e x in a relationship. When it’s good, it only accounts for about 10 percent of equation. When it's bad, it's 90 percent…
My experiences. YMMV