I am looking at several credit cards, but the most important factor to me is the credit limit. Is there any way to find out the limit before I'm actually approved for the credit card?
2007-05-25 17:10:24 · 13 answers · asked by Michelle B 3 in Business & Finance ➔ Credit
Your credit history will tell them about you, then a limit will be set. After a couple of payments on time, they might raise your limit.
2007-05-25 17:17:23 · answer #1 · answered by derf 1 · 0⤊ 0⤋
The only time you will know what the credit limit is on a card is if you are pre-approved. when this happens the company has pulled a "soft" credit check on you and is issueing a credit limit to you based on how you manage your other debts. If you are pre-approved some companies will hold this information until you have agreed to accept the card before you can find out. If you are submitting aplications for a card then you will not be able to find out till the process is complete and the card is actually issued.
2007-05-25 17:34:56 · answer #2 · answered by nyxcat1999 3 · 0⤊ 0⤋
The credit limit is based on your credit history and may be different for everyone. Once you are approved, if you make timely payments and continue to use the card, the company will send you notices of an automatic increase in your limit.
2007-05-25 17:13:24 · answer #3 · answered by CherryBlossom 3 · 1⤊ 0⤋
The credit card limit is based on your credit score when you apply. You won't know what a card's limit is until you apply and are approved for the card.
2007-05-25 17:15:40 · answer #4 · answered by DH 7 · 0⤊ 0⤋
those that send you offers in the mail won't tell you. It's part of how they rip off consumers. First, they will deduct their annual fee when they establish the account for you, before you've had the benefit of the card. Most of them start off with a very low credit limit and you have to maintain the account for a year with no late payments, after which they may extend your line. Typical beginning limit is $250-$500.
2007-05-25 17:19:36 · answer #5 · answered by bombastic 6 · 0⤊ 0⤋
they're going to do a credit inquiry on your checklist. Inquiries influence 10% of your score. increasing the decrease will look greater favorably considering those are the info I examine: making use of no greater advantageous than 30% of your attainable limits is seen sturdy Touching 70% of your attainable stability is seen destroying your credit - that's whilst enjoying cards initiate increasing aprs and lowering limits. for precise loan expenditures you would be able to desire to have 0 balances on your credit enjoying cards. in case you proceed making use of your card month-to-month make 2 money / month to insure on the element of 0 balances. you would be able to desire to pay off the enjoying cards in complete in the past a house purchase - sorry. Any volume of debt will rapidly decrease volume of montly loan money you will qualify for. Plus severe to decrease balances won't provide you the ideal mtg apr. i might go away the barriers on my own - to dodge the inquiry.
2016-11-05 10:20:00 · answer #6 · answered by santolucito 4 · 0⤊ 0⤋
Limits are determined by the individual's credit rating.
2007-05-25 17:19:09 · answer #7 · answered by maigen_obx 7 · 0⤊ 0⤋
most of the time, they dont tell u the limit, even when ur already approved. not until when u receive the card and either go online or call them and ask for the limit.
2007-05-25 17:13:09 · answer #8 · answered by Nano 3 · 0⤊ 0⤋
check out the credits card's webpages. it normally states it there. the usual rate is up 21% apr. The limit is up to your credit score. here's a resource for you it may help:
www.netwealthmedia.com
2007-05-25 17:17:56 · answer #9 · answered by 0 2 · 0⤊ 0⤋
Your limit is dependent on your credit score, so you can't find it out before you apply for it.
2007-05-25 17:17:27 · answer #10 · answered by brad_left_jenn_for_me 2 · 0⤊ 0⤋