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  1. #1
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    Default How to get a $20,000 credit limit credit card?

    I could use some advice. Are there any known credit cards that will automatically give a $20,000 credit limit to begin with if you have a great credit score? I know before the recession a $20,000 limit was not uncommon but then everyone had limits cut. In 2011 think it's possible to get that again?
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  2. #2
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    good luck I had a chase with a $20,000 not late payments and now my credit line after feb of last year is $3100!
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  3. #3
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    A lot of your limits will be determined by the limits on your other cards. If you only have low limit cards, it's going to be hard to get a very high limit. It takes to slowly get small credit increases on one card, which will indicate to your other credit card companies you can handle those limits and they will begin to increase you to. It just takes time.
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  4. Centurion Member
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    My cards have limits of $35000 and $8000. The $8000 is a relatively new one. These are the limits I started with. They did not cut me back since the market crash/recession. I also have a no-limit AMEX that I've had up to about $15000 on without problem. The AMEX is just over 1 year old. Credit score is around 775-800.

    If you have a good credit history $20000 should not be a problem depending on what other debt you have. If you really need it just call and ask for it.
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  5. #5
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    The highest credit limit I currently have is $14000 and several others ranging from $4500 to 12000. Before the recession almost all had a higher limit. If I asked for credit line increases today I would probably qualify but it's a balance transfer I want to do. I haven't checked my score in ages, it was 770 last time.

    Knowing this what do you think the credit limit is I will be given on a new card. Will it be anywhere close to $20,000?
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  6. #6
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    I have found that Citi has been very generous with the credit limits but maybe not with the initial limit but they have given me high increases on a regular basis.
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  7. #7
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    A credit delinquent that sickens me. Go get a job and pay your debt. Its fools like you that pile up credit card debt that I have to pay for through tax funded bank bailouts
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  8. Gold Member
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    I highly doubt it will be anywhere near 20k but you could apply for a citi or something else and get what you get and then give them a call and see what they can do just tell them you are doing a huge balance transfer and they might bump you up. If that doesn't work then I would ask them about applying for multiple of their cards and then combining the limits into one card. If all else fails maybe a loam from a local credit union would be an option.
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  9. #9
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    Quote Originally Posted by MNoutdoorguy View Post
    I could use some advice. Are there any known credit cards that will automatically give a $20,000 credit limit to begin with if you have a great credit score? I know before the recession a $20,000 limit was not uncommon but then everyone had limits cut. In 2011 think it's possible to get that again?
    I don;t know about now but Citi had a secured CC for up to $25k. When it unsecures you have a good CL. I did that and my FICO is only 700. They unsecured it. That was the only way I've heard of that works quickly. Generally, you have to build it slowly over time and to build it quicker you have to use a lot each month - even with really good scores.
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  10. #10
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    Thanks for all the feedback you all are very helpful and knowledgeable, except for the man that called me a fool when I said nothing to instigate that?

    I won't be able to come up with a security deposit for that amount but I will try to see what I can get by saying I need the credit for a balance transfer. If all else fails splitting the balance between a couple cards would be alright.
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