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Question about CLs

Discussion in 'Credit Talk' started by shibuii, Mar 18, 2003.

  1. Mar 18, 2003 #1
    shibuii

    shibuii New Member

    I have a 725 EQ FICO, No bad stuff on the report. 2 CCs (AMEX Platinum & Disney Visa) with $4k and $2k respectively as CLs.

    My history is relatively short (came back from overseas in '99 and started history there).

    Question is: Why the low CLs? I read about people with $8 - $10k limits and wonder how?

    Thoughts/comments are appreciated.

    Shibuii
     
  3. Mar 18, 2003 #2
    QUEEN_BEE

    QUEEN_BEE Well-Known Member

    Depends on the criteria and guidelines of the cc company.
     
  4. Mar 18, 2003 #3
    lakpr

    lakpr Well-Known Member

    I have 4 credit cards, all of them started with $500 to $2K credit limits.... but over the years the credit limits increased to between $7500 to $12000...

    Length of the business relationship with the creditors apparently matters; as also, I think, the household income that you claim and provide proof of ...

    In my case at least, the $8K - $10K limits did not appear overnight; took 5 years at least. If someone managed to get $8K limits in the beginning itself, I would think that they must have had verifiable household income in excess of $100K annually..

    -- lakpr
    :)
     
  5. Mar 18, 2003 #4
    daveberk

    daveberk Well-Known Member

    Try MBNA. They are known for giving high CLs. Without derogs. and with a three year history, it seems that you would qualify for the Platinum Plus account starting at $5500 or more. They give frequent increases. I would be surprised if you didn't have a 10K limit within a year to 18 months.

    As the previous poster said, income is also a factor.
     

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