Which credit card companies have high limits?

Question

my credit score is in high 700s but I have had credit since 2004.
What credit cards can I apply for that have high limits of up to $10,000 or $20,000 ?

Answer 1

typically your limit is based on your credit, payment history, and income. There is no such thing as a company that offers high limits. All credit card companies have different criteria in evaluating what your limit will be.

Answer 2

I think the question here is which companies will extend the most credit in the shortest period of time. Just because you have a credit score in the 700's doesn't automatically approve you for a $20,000 card.

My credit is in the 700's also and I just recently applied for a discover card and they started me out with a $5,000 limit. I got 2 other cards with a $15,000 limit, but I started with $1,500 and over 2-3 years they increased it to over $15,000.

From personal exprence, I had a card with MBNA America, Now Bank of America. Started in 2003 with a $1000 limit and they now got it to $23,000

Just pay your bills ontime and they will increase your credit line every few months!

Answer 3

as a general rule, banks are always happy to give a higher credit limit. However it does depend on the specific bank that you've been issued the card. Usually banks look at your income and sources of funding prior to increasing the credit limit, but they do not pay much attention to it. So most probably the bank will increase the credit limit, if not. tell them you found a better deal with some other bank, they will then ask which bank; give them a bank's name in random and provide them with a reasonable deal and i guaranty you that they will match it.(the deal)

Answer 4

You can ask you current credit card companies to up your limits. Most of the time your credit limit is based on your income level.

The highest credit limit is American Express and their Black card. It is unlimited. But you have to have a high income to have it. Since most credit cards are tied to banks (Visa/Master Card) it could have something to do with which bank you have. Discover also can have high limits attached to it but their limits will be just as high as major banks that use Visa or Master Card.

Hope this helps.

Answer 5

American Express Blue gives a huge credit line. AMEX also issues cards with no pre-set spending limit, although I enjoy having a high credit line that is tangible.

Try one of their cards, they're solid. I use my Amex card more than any other card for the rewards and the convenience of Amex. I'm also trying to become a solid customer with them.

It seems most other card issuers are conservative in comparison. Like Citi and Chase, they just don't compare.

Learn more at http://www.thetruthaboutcreditcards.com

Answer 6

There's one thing most financial experts will tell you these days: AVOID USING CREDIT CARDS WHERE HUMANLY POSSIBLY
Credit card companies are basically set up to drop you into a lifetime of debt, and squeeze you for every penny you've got.

If you don't believe me, check out these links:
http://www.fool.com/ccc/ccc.htm
http://www.fool.com/ccc/debt/debt.htm

But if you insist on having one of these pieces of devil spawn, check out The Motley Fool Credit card (which at least gives you a half decent deal): http://www.fool.com/landing/card/decide.asp?source=iccsitlnk020292

Answer 7

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Answer 8

All companies go that high. But typically they have to offer it to you after you've been there a while. Call your current companies and ask for an increase.

http://www.personalfinance101.org/?utm_source=YH&utm_medium=link