Actually, what they do is start you off with a higher than normal limit because they want you to feel rich when you go to Costco. They are hoping you will find all of this cool stuff that you absolutely have to have - 30lb boxes of Cheerios, 100lb bag of dog food (who cares that you don't have a dog - you'll buy it anyway), 5 gallons of milk (even though you're lactose intolerant), 1000 rolls of toilet paper (even though you live alone. They want you to overspend so when you get your bill, you can't pay it off in full. Then after you're carrying a balance they lower your limit to $100 over what your balance is and before you know it your credit limit is $500.
posted: Sep. 29, 2009 @ 11:10a
IGiveStupidAnswers said: Actually, what they do is...
jailguard said: What's a typical Costco AMEX card credit limit?
$1.98 unless your credit score is above 770 and you're smart enough not to post silly questions on FW
posted: Sep. 30, 2009 @ 5:54a
Cut and paste from creditboards "creditpulls" spread sheet
Creditor CRA Approved Score Limit City State Zip Date Comments
Costco AMEXEquifax 662 N/A Houston TX 77493 2009-03-18 They will pull whatever CRA you would like them to pull ifi they one they try to pull is locked. They told me that I needed to have a 700 to get approved for this card. Turned down becasue score not high enough. Costco AMEXAmerican Express True Rewards Experian 801 28000 San Francisco CA 94117 2008-12-18 Approved a week ago. Just got card today which had the limit listed. Costco American Express TrueEarnings Experian 740 N/A Reno NV 89502 2008-11-05 too many new accts, inquiries. too much available credit. acquisition risk score too high. no bads, no lates 3,000/30,000 util. AMEX Costco Experian 740 N/A chicago burbs IL 60014 2008-09-29 Applied at desk... FICO score, some new accounts, no lates, no baddies, no balances... declined and should have known better. AMEX - Costco Transunion 610 N/A N/A AZ N/A 2008-09-19 FAKO - Utilization - too many recent inquiries American Express Costco Experian 750 5000 N/A GA N/A 2008-04-07 applied 3/29, approved 4/6 Costco AMEX Experian 748 5000 N/A CO N/A 2008-03-12 1 baddie from 2002 American Express (AMEX) Costco TrueEarnings Experian 729 10000 Hillsboro OR N/A 2008-01-18 Applied 1/1, EX pulled and approved on 1/10. Have had the One card for 2 years. American Express Costco Experian 788 20000 N/A CA 94607 2008-01-17 Already had Skymiles; pulled hard on Experian, deleted next day Costco AMEX True Earnings Experian 694 5000 N/A MI N/A 2007-12-07 Some lates 15 months old. No other baddies. 20% utilization, was turned down for Blue Cash for Biz. Lots of recent EX INQ's. American Express Costco True Earnings Experian 689 2000 Lawndale CA N/A 2007-12-05 1CO and 2 Paid Collections American Express Costco Rewards Experian 617 2000 San Francisco CA 94404 2007-11-13 TC FAKO 30+Inqs Multiple New Accounts 3 Paid CO hsbc costco store card Transunion 670 N/A detroit MI 48017 2007-10-26 bk dis 9/05 sole reason listed for decline AMEX - Costco Experian 745 N/A Birmingham AL 35205 2007-08-18 2nd denial from AMEX, "We have prevoiusly closed your account" - long, long memory - last account was in 1988, may try Oasis program later. American Express Costco True Earnings Experian 610 5000 San Francisco CA N/A 2007-07-16 Took over a week to approve...High usage on Costco business membership may have helped approval and limit American Express Costco Experian 636 2000 N/A NC N/A 2007-06-01 2 collection accounts and 1 30-day late 6 months ago. American Express ( Costco ) Experian 656 2000 Concord CA 94521 2007-03-10 This was slightly more than 1 month after paying a chargeoff of 671 to AMEX, Pulled EX twice though :/ American Express (AMEX) Costco True Earnings Equifax 703 2000 N/A NY N/A 2006-12-17 Lots of new accounts, 8 inq's, low util AMEX Costco Equifax 724 20000 Dallas TX 75115 2006-10-19 10K Initially and CLI to 20000 at activation AMEX Costco Equifax 712 10000 Dallas TX 75115 2006-10-05 Applied in Store AMEX Costco TrueEarnings Equifax 735 6000 Herndon VA 20171 2006-06-11 N/A American Exress Costco True Earnings Equifax 618 2000 N/A NJ N/A 2006-01-01 N/A American Express Costco True Earnings Transunion 790 25000 N/A MN N/A 2005-11-01 N/A American Express Costco True Earnings Transunion 675 3300 N/A CA N/A 2005-12-01 initial limit approved for 2K; at activation went to 3300 American Express Costco True Earnings Transunion 682 3100 N/A TX N/A 2005-10-01 FACO SCORE POSTED Applied in the store;approval online the same day American Express Costco True Earnings Transunion 655 5000 N/A OH N/A 2005-08-01 applied in store-took 2 days for appoval to show online American Express Costco True Earnings Equifax 654 10000 N/A TX N/A 2005-06-01 still waiting on a ca to be deleted; no derogs in 33 months
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