The purpose of this thread is to get a better understanding of the credit limits offered by different issuers, so that we know how much certain issuers are willing to give out, and can maximize our credit card strategy. While no 2 people will likely ever get similar credit lines, and everyone has a different financial situation, hopefully we will collect enough info in this thread to form some good conclusions/inferences...
There was an old discussion last year where readers posted their credit limits (and some good info was being posted) but that thread has been archived and locked...thus I think its time for an updated thread where hopefully we will get more participation...
If its too time consuming to list EVERY credit card limit you have, please post just the highest credit limits you have for each type of card (visa MC AMEX and Discover) please list INDIVIDUAL card limits (the highest), rather than posting "2 AMEX cards with combined 26k limit" ..listing individual card limits better helps to see any patterns with issuers
If you can, also include - what kind of card it is, which bank issues it, etc. If you can include some information on how long you have had the cards (and how long your credit history is) that will be helpful, along with any other info you feel comfortable including which may help others...
Please also indicate if the credit issuer asked you to provide financial documents to support the credit line (if you have very high credit limits), or whether they gave it to you without providing ANY financial docs...
MBNA has definately been most aggressive. I've had their MasterCard as my first ever card back in college (this is a card with my college's logo) - after getting other cards with cashback/rebate deals I practically stopped using MBNA card. Over the past 7 years, my limit has grown to 25,000 and the card converted to Quantum MasterCard. I never even requested any increases, nor have I really used the card in past 5 years (maybe once every 3 months).
Too bad there are no rewards/cashback on this card, otherwise I would've used it daily as it has very good travel and protection benefits.
FirstUSA has been quite active in increasing my lines on their own as well. I eventually combined two cards (since the rewards program on one was deadend and I was using other card all the time) to get a 26k combined limit.
My FirstUSA card has been at $16,000 for a few yrs, never tried increasing any of my cards. I also have a CapitalOne at $5000, a discover at $2000, and an AMEX at I think around $10,000. Since I rarely ever have more than $1000-$2000 charged in any given month, I haven't really tried to increase my limits. the smaller cards are from my college years.
please list INDIVIDUAL card limits (the highest), rather than listing "2 cards with combined 26k limit" ..listing individual card limits better helps to see any patterns with issuers
VItaly - First USA let you combine limits between different FUSA cards??
<< please list INDIVIDUAL card limits (the highest), rather than listing "2 cards with combined 26k limit" ..listing individual card limits better helps to see any patterns with issuers. >>
Sure, AMEX CL split between 13k and 4k on two cash back cards. I regularly reallocate credit limits in order to maximize rewards. One 1st USA card has a limit of 36.3k and the other is at 16.5k.
AMEX CostCo Business: 40,000 (charge card with no pre-set spending limit but I just had the limit raised from 27 to 40k). Bank statements were required for the increase
Citibank Dividend (MC): 16,500 Advanta Business (MC): 12,500
4 years of credit history, college student, coming to 22 years old, self-employed, Asian >>
I am sceptical of AMEX allowing you to borrow $100k with your financial profile. Don't confuse 'no preset spending limit' and 'up to $100k' with a bona fide $100k limit.
Old Cards AMEX Costco 4700 (originally 3700, received 2x 500 increases) TDWaterhouse (FirstUSA) e-card 6000 (orig. 5000, received 2x 500 increases) FirstUSA Free Cash Rewards 5500 (orig. 5000) Diners Club No preset limit. High usage 3500. Kohls 1200 Home Depot 6 (yeah, SIX dollars. closed it immediately after opening.)
New Cards Chase PerfectCard 7500, then doubled to 15000 with BT offer Discover Platinum 7500 Citi Dividend Platinum Select 3100
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