Credit Card Issuers and Credit Lines Amount

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Techno4K
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Credit Card Issuers and Credit Lines Amount

Postby Techno4K » Mon Mar 03, 2014 3:34 am

I am curious which banks provide very generous credit lines, for someone with excellent credit and want to go on an app spree.

Yesterday, I checked my Experian FICO score with a soft pull through Prosper and was given an Experian FICO08 score with a range of "800-819". I pulled an Equifax FICO score through MyFICO and was given a score of 802. I am 24 years old and had 2 credit cards at age 18.

I have not applied for any credit cards for over 2 years. I submitted two apps today, one for the AMEX Starwood and got approved with 15K credit limit and USAA Rewards card and got approved for 9K. I am going to call USAA tomorrow and ask them to increase that low 9K I was given and ask them to match my Chase Freedom card with a 15K limit that I had when I was 18.

I want to apply for a few more cards. I'd like to have a good chance at a minimum 10K CL. I hear that CapitalOne and Discover is very stingy so I am staying away from them, unless I am wrong.

Anyone know a good credit card company that give very generous limits? Thanks


JoDa
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Postby JoDa » Mon Mar 03, 2014 3:47 am

Many factors go into your credit line. I have found Chase to be very generous, but I also have a handsome income, low expenses, low debt, and have been with them for years and proved my chops as someone who will use the card a lot but not default (they make a ton off of me in swipe fees...while I rarely to never pay interest, I do swipe a few times a day). Those are the pluses beyond the basic credit score.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

Techno4K
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Postby Techno4K » Mon Mar 03, 2014 3:58 am

Indeed. I like Chase. They do give me very generous limits. So does AMEX. I was on other forums a month back, and I saw in the signature of many posters that have insane CL from issuers I have never heard of, I think they were credit unions and the CL were like 40K to 50K. It just put AMEX and Chase to shame. However, I am sure credit unions usually don't have good rewards, unless something has changed in the past few years that I don't know of.

JoDa
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Postby JoDa » Mon Mar 03, 2014 4:02 am

Well, it's in my sig there. Chase has me at $30.5K. They give me auto CLIs on the regular. CUs tend to be a bit more conservative in talking with friends, but YMMV.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K

rockyrock
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Postby rockyrock » Mon Mar 03, 2014 8:16 am

CSP and Navy FCU are my two highest at $25k each;
Citi $19k
Amex BCP $17.5k
USAA $12k & $16k
Marriott $12k
Discover $9.5k
SPG $9k
I may be forgetting one but I can't see my signature right now...

Chase and Discover gave me autos in the first year and I requested one for the SPG but it wasn't a 3x, just 2x at around the three month mark.
American Express (2005): Premier Rewards Gold & Blue Cash Preferred
Chase: Freedom & UA Club USAA: Signature Visa & American Express
Discover it Bank of Hawaii Hawaiian Airlines WEMC Synchrony Sam's MC
Navy FCU Platinum Visa Citi Double Cash & AT&T Access MC

takeshi
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Postby takeshi » Mon Mar 03, 2014 8:36 am

Techno4K wrote:I hear that CapitalOne and Discover is very stingy so I am staying away from them, unless I am wrong.

It just all depends on one's credit and the creditor's underwriting criteria. Discover may have only given me $4,500 but there certainly those who have received well over $10K. I'd suggest finding card that suit you. If your credit supports a high limit then you'll get a high limit.

Techno4K wrote:Indeed. I like Chase. They do give me very generous limits. So does AMEX.

...and here's an example of why you shouldn't rely on generalizations. AmEx hasn't given me generous limits. After requesting a 2X CLI they finally matched my highest limit at the time but that has been surpassed since then by PenFed.

Techno4K wrote:However, I am sure credit unions usually don't have good rewards, unless something has changed in the past few years that I don't know of.

Again, don't rely on generalizations. PenFed gives me unlimited 5% cash back on gas automatically credited every statement which I find useful. Plus you have to determine which is the bigger priority for you. So far you've stated only limits. If that's the case then credit unions can be good options for higher limits (but, again, don't rely solely on generalizations). If you want higher rewards then you need to find the rewards that suit you best.

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otter
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Postby otter » Mon Mar 03, 2014 8:42 am

Sometimes it's hard to tell what an issuer is looking for... you mentioned Discover and I've found them to be stingy with CL's, yet I've seen people with worse credit scores than mine, less income, and a few baddies on their report who get $10k off the bat. Capital One is stingy and overall, I don't like dealing with them; even their "prime" cards don't really excite me.
In my Wallet:
  • Amex PRG NPSL[3-14, bd 91]
  • Sallie Mae MC $8000[1-14]
  • Chase Freedom $4700[1-14]
  • Discover It $2750[8-13]
  • BoA UCF Alumni Cash Rewards $5000 [3-15]
Sometimes in my Wallet:
  • GM BuyPower WEMC $5000[9-14]
  • Wells Fargo Propel 365 Amex $7000[4-14]
  • Barclaycard Arrival WEMC $7000[3-14]
  • BoA Better Balance $3000[2-15]
In my sockdrawer: Amex BCE $1000[10-13, bd 91], OCCU Duck $10000 [11-13], The Sportsman's Guide Visa $8000[8-14], Chase Slate $4000 [9-14]Delta Gold Amex $2000 [2-15 bd 91], Diners Club MC $20000 [10-14] Commerce Bank Visa $2000 [3-15] Citi Double Cash $1000 [3-15]
Total CL: $90450

Techno4K
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Postby Techno4K » Mon Mar 03, 2014 3:38 pm

I just applied for a Chase Marriott card for the 70,000 bonus points promotion. The application said they need 10 days to review, even though my FICO were above 800. I called Chase Recon, and the rep said I need to speak to the Verification Dept aka Fraud Dept. He transferred me there, and the guy asked me questions like prior addresses and where I used to live to verified it's me. After that was finished, he told me I was approved for a 24K limit. :) He also claims there's a fraud alert on my Equifax report, which I think isn't true because I checked my report yesterday and there wasn't such.

So far:
Chase Marriott: 24K
AMEX Starwood: 15K
USAA AMEX: 9K

Anyone have a number for USAA recon or credit analyst? I tried to search on google and I could only find lists for the big issuers but not USAA :(

JoDa
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Postby JoDa » Mon Mar 03, 2014 8:43 pm

Chase is super-careful with fraud. I've gone rounds with them on how often they decline my purchases as out of the ordinary. Remember to call them up and let them know before traveling and when making major purchases.

I'm currently trying to get my paperwork together to get an account with Navy Federal. My dad was a Navy vet, but never had an account with them and passed almost 10 years ago. But they are highly regarded so I want to get a foot in the door. USAA is in the same "excellent reputation" boat. Can't help on a number, but maybe just call a general number and see if they can get you to the right place.
CSP $19K
BOA $4K
UMP $11.5K
Target Visa $1.5K



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