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I just gave an example of how I got 2k on my first card. Matter of fact all of my cards started at 2k or 5k.
24 Looking to build Credit... What are some good tips on your first Credit Card
- Thread in 'General' Thread starter Started by trynafeelmink,
- Start date
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You gave an example of a store card, but I guess you could get 2K from a regular card if you put a high enough salary on the app.
rcdot
formerly rennzyboo
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just a question... do you guys lie on the salary part of an app to get a higher increase? I was always under the suspicion that they check on that
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its a roll of the dice
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I was under that impression when I applied for the first time but now I honestly don't think they do. I know for a fact dudes gotta be lying in here with the limits they're posting. 
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i say 47k i make maybe 38 but i dont think they know , good news i went from 540 to 701 n 2 years paid all debt settlements and judgments , started with secured card now got 7 cards a car with 6% apr . still a work in progress but it can be done . 6% utilizationI was under that impression when I applied for the first time but now I honestly don't think they do. I know for a fact dudes gotta be lying in here with the limits they're posting.
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rcdot
formerly rennzyboo
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damn bro reading this really makes me motivated.
right now I'm at low 640's and I was already dreading it.
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you can do it , it just takes time , like i got bad marks on my report but they are slowing falling off my report , the ones that will take years to remove i just made sure the status of account was current with the 3 credits so they state paid as agreed
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@703 Hwy You don't have to put a high salary to get high limits. I was given a 15K NFCU card by putting a 50K salary and a 5.5K discover card with a 45K salary. Discover card was increased to 7.5K and its only been 6 months. I will be asking for a CLI from NFCU next month.
Its very doable to get high limits with decent/lower salaries if you know how to play the credit limit increase game.
Its very doable to get high limits with decent/lower salaries if you know how to play the credit limit increase game.
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rcdot
formerly rennzyboo
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care expanding a bit more?
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Most CC companies give you an automatic credit limit increase at the 6mo mark, but you also can get increases by requesting them.
For example with Navy Federal you can ask for a CLI for a 25K credit limit and they will counter your request (this usually happens) or give you the full 25K you asked for (I will be doing this next month). Link to explain NFCU CLI
With AMEX you can increase your credit limit by 3x at the 61 day mark. Link to explain AMEX 3X CLI
Discover is a little tricky sometimes they give you auto increases sometimes they don't . Just ask for a credit limit increase online, and the system will tell you how much you can get with a soft pull, or the system will say that they need to do a hard pull for a CLI. If it is the hard pull warning just exit out.
antidope
Supporter
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What do all these high limits do for you guys though? Does it show better creditworthiness to the bureaus?
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I know for one higher limit raises ya 30% total utilization threshold...
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Higher limits will take your credit utilization down , and allow you to carry a higher balance if you please and stay under the 30% utilization threshold.
So if you had a 10K limit with a balance of 5K , you are using 50% of your card. You get the limit increased to 15K , with the same 5K balance you are now only utilizing 33% thus making your credit score go up.
Credit utilization effects/changes your score every month. You could use 80% util one month and have your score drop 50 points, then the next month pay it down to 30% utilization and it would go right back to where it was before. Utilization is the only credit factor that doesn't have a memory, it is only based off of your last reported utilization.
antidope
Supporter
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Out of reps but thanks to both of you guys for the insight.
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thx for insight
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what about student loans... i think thats the only true negative on my account right now.
I got a couple late payments on there when I just didnt give a damn for about 6 months back in 2013 early 2014...
yall ever been able to get something like that removed? been paying on time for almost a year now.
I got a couple late payments on there when I just didnt give a damn for about 6 months back in 2013 early 2014...
yall ever been able to get something like that removed? been paying on time for almost a year now.
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I believe they can be removed, who is your loan provider ?
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wont be able to remove but over time it wont matter
rcdot
formerly rennzyboo
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this.
higher threshhold (30% min rec. by bureaus) = higher utilization = higher spending on **** I want to buy.
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I am close to the 7 year mark on an owed account, if I were to pay it off would it serve me better than letting it drop off due to Time? Is there a difference? Or does it fall off the same either way?
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Sallie Mae.. i asked a agent about a good will letter once and he had no idea what I was talking about.
omariwestafari
Banned
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Fam i make like 10-12 a year shpuld i lie and put 20k on my next application??
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Lowkey best thread on NT
Shout out to all the grinders who took this thread and some discipline into the 740s and beyond.
Anyway dont lie about ur income fellas. sure some companys wont check but getting caught in the lie cant be good for future dealings with that CC company. You dont need a high income anyway jus dicipline. I only make 40k and have a cpl cards up in the 10k limit range.... Time. Discipline. Flourish
Shout out to all the grinders who took this thread and some discipline into the 740s and beyond.
Anyway dont lie about ur income fellas. sure some companys wont check but getting caught in the lie cant be good for future dealings with that CC company. You dont need a high income anyway jus dicipline. I only make 40k and have a cpl cards up in the 10k limit range.... Time. Discipline. Flourish
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It won't make a difference once it's gone. They've already done all of the damage they can do to your credit.
