NASA and massive limits

For just about anything you want to get off your chest about credit cards.
6 posts
Centurion Member
Centurion Member
Posts: 4913
Joined: Sun May 20, 2012 4:35 pm
Location: WI

NASA and massive limits

Postby MemberSince99 » Fri Sep 26, 2014 1:20 pm

I see why all the FICO crowd wants NASA - they seem to be handing out huge limits.

Honestly, ONE card at 10k would MORE than be sufficient to meet my own personal needs. I simply don't spend enough to need more and I pay the cards as the amounts are due.

I've had a card with an over 20k limit and I never got close to using that limit. The nice part of it is, you don't have to worry about utiliziation if you don't want to. Otherwise, it's really overkill for me. For that matter I have too many cards as it is. I just don't feel like closing any.

User avatar
Centurion Member
Centurion Member
Posts: 1219
Joined: Sun Jan 26, 2014 3:55 am
Location: US

Postby Vattené » Fri Sep 26, 2014 2:37 pm

Agreed. I never came close to my original limit with Discover, but getting an increase helped utilization. Plus it is a great feeling that your credit is improving. In a similar vein, I plan on seeing if I can get my interest rate down in a few months. I haven't paid a penny in interest yet and don't intend to start. It won't benefit me in any tangible way, but it's bragging rights.
FICO-8: EX - 827 (5/17) | TU - 824 (5/17)
My Cards: Barclay Arrival+ | Discover it | Amex ED
AU:: Discover Miles | BofA BBR | Barclay Commence (SD'd)

Centurion Member
Centurion Member
Posts: 1741
Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Sat Sep 27, 2014 1:06 am

MemberSince99 wrote:The nice part of it is, you don't have to worry about utiliziation if you don't want to.

Precisely why I like having the limits I have. I don't need the limits that I have but they keep me well under 10% with my spend.

User avatar
Centurion Member
Centurion Member
Posts: 639
Joined: Sun Sep 07, 2014 8:53 pm
Location: usa

Postby lobbythis » Sat Sep 27, 2014 2:26 am

Well I'm on the opposite end. Plenty of money, but poor credit history except the past 3-4 years so my limits are frustratingly low. I need one of these crazy CU cards when one pops up again. ahhh

Centurion Member
Centurion Member
Posts: 1099
Joined: Sun May 04, 2014 4:41 pm
Location: Atlanta, GA

Postby popamode72 » Sat Sep 27, 2014 6:24 am

I find that having a Visa Signature card with a 5k limit is plenty for me and my Amex cards have pretty big limits for me too and in terms of utilization, I never find myself having to use a lot of credit from them in comparison to what the limits are. Only time that I've used anywhere near half of the credit limit was buying my MacBook with the Delta card when it still had a 2,100 limit and since then, it's been paid off completely (I paid most of it off right after buying the laptop anyway and my current balance on that card is 0).

I never thought that a year ago I'd have this much credit in my wallet but it feels great knowing that I have a lot of backup there and that utilization for me is very easy to manage. I doubt I'll ever come close to even using 20% of it at all.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

User avatar
Centurion Member
Centurion Member
Posts: 4444
Joined: Thu May 08, 2014 7:42 pm
Location: United States

Postby CarefulBuilder14 » Sat Sep 27, 2014 7:58 am

Eventually, high limits can be a problem. If a credit union gives me a massive CL on a card with mediocre rewards, or even several cards with a high CL, then other lenders might feel my existing CL-to-income ratio is too high.

That could make it harder to get a card with great rewards from another lender.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card

Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 3 guests