@IcyCool7227How old is your oldest account? Under 10 means a bit. AAoA's helps. Income as mentioned. Like fine wine. Takes time.
Having a card with a $10k+ limit was just a dream for me as recently as a year and a half ago. Now I have five of them. Just today, one of them became my first $20k+ card.
Mostly time, and having zero late payments or other negatives. I don't make tons of money, but I'm not broke either. I pay for everything I can with credit cards. I have good credit scores, but nothing exceptional. They've slowly come up over the past couple years. I see people with lower scores and a shorter history get starting limits much higher than mine. Then I see that they make several times more money than I do. So with good scores or a lot of money, you can get there. If you have both, you've got it made. If you have neither, well, both situations can be improved. This forum will do a lot to teach you to improve your scores. You'll have to look elsewhere to learn how to improve your income. But paying on time is probably the most important factor. That's 35% of your credit score. And 100% on-time payments is way, way better than 99% on-time payments, so there's little margin for error.
EQ8 809, TU8 790, EX8 797 as of May 11
Relationship, spending habits, CLIs, credit score somewhat.
Cap One gave me a SL of $30k on my Venture after spending a lot on my other Cap One cards.
Navy Fed gave me many CLIs to get to $29k and $35k on 2 different cards.
PenFed just started me at high limits.
etc.
Once you have some large cards, I do believe that it makes it easier to get more of them.
Now I have like 25 $10k+ cards.
GL!
I was in the same boat as you, OP.
So I followed the tips on here, and they auto-CLI over time.
What moved it more quickly:
- Chase Saphire Preferred, I carried a small balance every month and never missed a payment. They seemed to like that and just kept raising the limit. Once, I did a balance transfer to my Citi Thank You Preferred card, and Chase immediately raised my limit 5k. I did it again 6 months later and they reaised it another 5k.
- Citi, when I did a balance transfer from Chase to Citi, they seemed to like that and immediately raised my limit $5k more and offered me another balance transfer (which I did not take becuase I had nothign to transfer)
The biggest factor: I never had a late payment. On anything. They just love that.
Starting Score: 580
Initially it started for me with CL increases. I took what I could get, when I could get it. But I noticed it's like a snowball. Spend really helped me. Once I started ramping that up it became MUCH easier. Additionally, I noticed that when scores are over 740 or so the floodgates open.
My first 2 5 figure approvals were with Penfed, and TD Bank, who Is my personal, and business bank. Nowadays tho, it seems as if the purse strings are already tightening.
