Posts Tagged ‘Credit Limits’

 

What do credit card companies base your credit limit on?

Thursday, November 25th, 2010
Judy asked:


I am pretty positive it’s based your salary.
And that they look at your credit reports to see credit limits in other cards.

My guess is no more than 25% of your salary in credit.
Any other guesses on how credit card companies figure out credit limits?
Credit card companies do not give out this information.

Walter

 

What are some names of credit cards that have high credit limits?

Monday, May 18th, 2009
sb0983 asked:


What are some name of credit cards that have high credit limits? Are there any credit cards that have a $100000.00 credit limit?

Gilbert

 

How do they decide credit limits for your first credit card?

Saturday, December 20th, 2008
Screaming Llama asked:


I just applied for my first credit card ever yesterday, and I am hoping to get a credit limit of at least $1,500. I have no credit history whatsoever, I don’t have to make a house payment, no dependents, and I make $12.10 an hour working 35-40 hours a week. Would all those factors contribute to a higher or lower credit limit, and do you think I’d be eligible for the $1,500 limit?

Lester