Any idea's to pick-up extra credit cards with large limits?

Question

Eq790/TU 809/EX794 NO Inq's in past 11 Months. My current credit limits on "ALL" cards is 195k and I want 450K by next year. I have exhausted Amex (5 cards), BOA, CHASE, Citi, US BANK, PenFed, Juniper...HSBC (crappy cards BTW) etc.
I only have one credit union PenFed...and I'm thinking that maybe the way to go. I currently have zero balances on all cards, I usually PIF unless it's a 0% for a appliance or the something like that. 2 Cars paid, home is worth 460k with a $50k mortage.


any suggestions??



note: Not interested in store cards, I have JcPenny, BestBuy, Home Depot, Lowes, HHGregg....and numerous more...the credit mix (10%) is in good shape

bdancer...thanks but I need answers from people with more financial/FICO/Credit experience.

No offence!!

Donnie...thanks for your answer. I don't have any CC's that have No-Set limits...they of course drive FICO scores down because they don't report credit limits. Geee...what I wouldn't do for a Amex-black...invitation only!! As far as credit-limit increases...I get the regular one's every six Months or so...I never try to push the envelope on those. My Amex clear started with 15K it's 2 years old with a 60k now. Thanks for the intelliegent answer

Mike...uhhh...I have no debts, you didn't read my question very well

Answer 1

Hi! I really don't have an answer for your question, but I would like to know how you went from a 15k to 60k limit with AMEX? Did you request increases? How often was it increased? I have the blue card with a 10k limit... I just got it.

I think you can call AMEX and let them know that you are interested in the black card... I've read on here that's how some people got an invitation.

Good luck to you and congrats on your well established credit!!

Answer 2

If you find yourself in a stale spot, it may be your income alone. Rather than you FICO or income to debt ratio etc... Typically AMEX would offer the highest limit of any card that I know of. As a matter of fact AMEX offers a couple of cards with no limit, however you must meet their level of income, not creditworthiness. A card like AMEX black for example, I believe you need at least 6 million in liquid assets. AMEX won't even clearly outline their guidelines for this card.

Other than that, I would suggest dropping some of your NEWER, lower limit trade lines, that would temporarily lower your extended credit. Make sure they are newer trade lines only. If you drop a 3000 dollar limit 20 yr old tradeline, that will really hurt you. After those tradelines show closed on your report, then I would approach your credit union. Before trying this however, try asking your credit union what their max extended credit limit is. If it's only 45,000, It may not be worth it.

hope this helps.
good luck.


Also call your current tradelines and ask for increases. Ask them first if they will give a hard or soft pull. Most are soft pulls, but it does vary. If they want to do a hard pull, I would decline.


Ohh.. I see. You want to see hard numbers. I thought you were preparing for the rapture of humankind, which incidentaly is December 21, 2012. Not far away. I thought maybe you wanted to get those limits up for the apocolypse party. :-)

I have heard and read things on a practice called app spree. This is pretty much sitting down, and making a list of every major bank you can think of. Pick a day where you have nothing to do, and apply to all of them consecutively, in one session. This supposedly would only count as one inquiry when your score is calculated. (Kind of like loan shopping) And all the banks you apply to would be none the wiser of your spree because there isn't enough time for the pulls to be reported by the time the final application is submitted.

I would NEVER reccomend this, however if you have the cojones to try, good luck and let me know how you fare!
If for by some miracle this works for you....

Rapture party.. Your house. :-0

Answer 3

It's probably your income, is your credit score is fine, you are good at being in debt.

Get a credit card with no limit... but the really smart thing to do would be to get OUT of debt!

Answer 4

Why in the hell do you want all those cards? No one needs that kind of available credit card limits.

Tracking and securing all those credit cards would be a major pain. Just an opportunity for someone to steal a few.