kcm7 wrote:I've gotten approved for a few cards in the past two years, and all of them have a 5k limit. I was wondering if this is some kind of plateau and you have to establish a really awesome credit history before issuers start approving you with higher limits on a new card.
It's a plateau but not everyone hits it. My cards jumped from $2,500 to well over $5,000. You don't need "really awesome credit history" (I still had my BK reporting) but you do need the credit and income to support it as well as a creditor with critiera that will net you limits greater than $5K.
kcm7 wrote:Do I need to get credit limit increases on my current cards so that maybe my next issuer gives me a higher limit on my next card? Establish a longer credit history? Or are some issuers just more generous than others?
Yes to all. All the usual factors involved in credit scoring matter:http://www.myfico.com/crediteducation/whatsinyourscore.aspx
Make sure you optimize your utilization and that everything is in shape when you apply. Utilization can limit CL's granted and increase APR's offered.
kcm7 wrote:And, out of curiosity, what was the first card you all applied for that gave you a more-generous-than-expected credit limit?
USAA. Credit unions with more lax approval requirements are generally suggested. If you have an AmEx then Google and read the 3x CLI thread. If you don't have one consider getting one (read up on backdating as well).