Does anyone have any suggestions how to get high credit limits? $15K - $25K limits on single accounts? I want to setup $200K in new credit accounts with average credit limit of $15K - $25K. Right now score is 700 plus. Credit dates back 4 years with smaller limits. I have a $10K limit with chase almost one year old. Suggestions on what banks who generally give higher credit limits? Will I get higher credit limits on a business visa card compared to a personal visa card?
I started with small limits and adding to them with increases every 6 months....ie Amex started w/ 2000....now 10,000 citi 2000 now 10,000 and patelco just started w/ 15000....and that's all within 2 years...
what kind of increase did you get with Citibank? i know i have to wait 6 months, but are they decent at least?
Why in the hell would you want more credit? All it does it keep you enslaved! Credit is not a status symbol. Please recognize the psychological marketing tactics. Get a card just to "play the game"....i.e. FAKO Score. This country has gone from: Physical bondage Social bondage CREDIT BONDAGE!!! WAAAAAAAAAAAKE UUUUUUUUUP!
a common way I've seen to get high credit limit cards (which I think is a bad thing, at least if you are anything like myself) is to get a student loan. seems student loans make credit grantors drool. i think they believe an educated person can handle more debt. which might not be the case, but oh well. thats why credit card companies court you at colleges so much. i was getting cards with 8k limits with no credit whatsoever and no job when i was 19 just because of a crappy small student loan. btw, I did not get past 1 year of college..too boring...haha that is probably why i can't handle high credit card limits, because im uneducated ;p
I USE CREDIT FOR MY BENEFIT!!! I SPEND $40,000 IN ONE MONTH...I MUST HAVE $200,000 UNUSED TO KEEP ME AT 20% MILES---POINTS---CASH BACK PAY IN FULL I have cards I BT from at 0.00%--5.90% T Dolittle---try hanging out at the CASH/CHECK ONLY WEB SITES--this is not it
Unfortunately and fortunately credit is a way of life, I can't speak for everyone but for me it's a necessary tool......I don't take outrageous interest rates, that's just stupid, but I use credit all the time to finance major purchases....I just bought a new bedroom set for my daughter, I couldn't pay cash upfront but it was great to get 90 days same as cash....which is doable for me....could I wait and save for 90 days, sure....but my daughter'd be sleeping on the floor for 3 months LOL If you use it right, credit is a WONDERFUL tool...... PS Citibank....credit increase....I called them, don't do it online, you won't get as much, I went from 2k to 5k to 10k.....in 2 years....actually about 1.5 years.....
1.Because I use credit to better my life, my wealth building and free perks like miles... etc... 2.Having $218,000 in avaliable credit when I spend 20k during the month I dont have to worry about utilization. 3.If you have alot of options, your other creditors have to earn your business and will give you the best terms or you dont use their product. 4. Just because I need to feel valued.
****************************************************** NEW MEMBERS READ THIS. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243 ******************************************************* http://www.send4fun.com/telephone.htm >1*To reduce utilization which increases scores. 2*To prevent getting jacked with 25 to 30 % rates because you're caught with your pants down with no way to BT out of it.
****************************************************** NEW MEMBERS READ THIS. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243 ******************************************************* http://www.send4fun.com/telephone.htm
****************************************************** NEW MEMBERS READ THIS. http://consumers.creditnet.com/straighttalk/board/showthread.php?s=&postid=410243#post410243 ******************************************************* http://www.send4fun.com/telephone.htm
I wish I could get credit... I would... hummm... Use it to buy stock... sell... then retire.... all I need... I hot stock tip... about 100k in credit cards... (currently only have about 10k)
Interesting to hear you point this out (the student loan effect) I agree that (legally or illegally-- is education a valid factor?) creditors LOVE student loans. I see a lot of credit reports and I've noticed that a person with a student loan from an Ivy League college can have More revolving debt and maintain a super high score than someone who owns real estate and has had credit for 20 years. Very interesting. I know that the algorithm is extremely complex, but there is definitely a boost for student loans.
We love George!!! btw... With my pathetic scores... I have Amex... and 2 citibank platinum cards... Who's complaining?
