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Highest Echelon

A personal finance blog. Paying for my University, life and eventually achieving financial freedom.

Applying for credit line increases

Saturday, September 23, 2006


I've applied for credit line increases on all my credit cards. Here's what I wrote a little while back:

I've decided to start asking for credit line increases on all my credit cards every 3 months or so. It doesnt require a hard pull unless it's a discover and it's over 15,000.

One person comments:

I have several cards with $20k credit limits. The key is that some credit issuers automatically grant you a credit line equal to your current highest limit.

What I did:
Applied for ATT Universal card, got approved at about $5k.
Opened second ATT card (5% back offer), started around $7k.

I then used the online "credit limit request" about every 3 months, which eventually got me to about $9k and $10k.

I then combined the credit limits, and so I had one card with a limit about $19k.

Then I started applying for other cards. Each card *matched* my highest credit limit. I got an AMEX, then a Bank One card, then an MBNA card, all stared at around $20k
posted by johnwilkx, 3:45 PM

1 Comments:

Once I have exceed my limit and had to pay penalty fees. So, the conclusion-don't overspend!

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