Maximum Credit Limit
Apr 23, 2005 | 11:10 pm
#1
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Join Date: Feb 2005
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Maximum Credit Limit
I am just curious to find out what is the maximum credit that Mastercard and Visa allow on their cards. I know it is probably determined individually by Banks and Credit Unions. Thanks in advance.
Apr 24, 2005 | 12:28 am
#2
Join Date: Apr 2004
Location: NYC
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Originally Posted by Kyle53719
I am just curious to find out what is the maximum credit that Mastercard and Visa allow on their cards. I know it is probably determined individually by Banks and Credit Unions. Thanks in advance.
Apr 24, 2005 | 3:48 pm
#3
Join Date: Jul 2001
Location: Near Pittsburgh, Pennsylvania, USA, Earth (PIT)
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The highest one I have is $25k (MBNA Quantum Mastercard). Higher than that is certainly possible in theory but isn't really much more useful for anything I can think of. There are very few emergencies where you'd really need to be charging tens of thousands of dollars to a credit card all at once. Having multiple cards works just as well.
And yes, the limits are set by the banks. I'm pretty sure I've gotten an app or two in the mail over the years that suggested a possible limit of $150k, though I don't recall which bank(s) they were from.
And yes, the limits are set by the banks. I'm pretty sure I've gotten an app or two in the mail over the years that suggested a possible limit of $150k, though I don't recall which bank(s) they were from.
Apr 24, 2005 | 5:19 pm
#4
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Join Date: May 1998
Posts: 2,513
Originally Posted by CrazyOne
The highest one I have is $25k (MBNA Quantum Mastercard). Higher than that is certainly possible in theory but isn't really much more useful for anything I can think of.
Apr 25, 2005 | 12:51 pm
#5
Join Date: Jul 2001
Location: Near Pittsburgh, Pennsylvania, USA, Earth (PIT)
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Originally Posted by pgary
The highest limit possible is very useful on those cards offering a 0% no fee balance transfer deal. The Citibank ones allow you to order a check to yourself for $1 less than the full limit, and count this as a balance transfer under the 0% deal. That's a free loan of money you can deposit into an interest bearing account until you have to pay it back.
Apr 27, 2005 | 7:21 pm
#6
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Posts: 637
Originally Posted by CrazyOne
True enough. I was thinking only in normal terms, not of the intro offers. Although the highest limit I've ever gotten with a brand new card I think is $15k (though it's certainly possible that some might be able to get higher ones right off).
$37500 personal
Which credit card do you have?
Sep 20, 2005 | 5:59 am
#10
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
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Merrill+ Visa "Up to $250,000 Credit Line"
Sep 21, 2005 | 5:26 pm
#11
Join Date: Jan 2005
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I have a Visa line of almost $26K (MBNA).
I can't figure out why they gave me that much. I will never come close to charging near the limit on that one. And, my other card issuers hasn't come close.
I can't figure out why they gave me that much. I will never come close to charging near the limit on that one. And, my other card issuers hasn't come close.
Sep 22, 2005 | 9:35 am
#12
Flyertalk Posting Legend Moderator: Credit Card Programs, American Express, Capital One, Chase, Citi, Diners Club, Eco Travel, Signatures
Join Date: Jun 2003
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One of our Citi cards has the limit "$42,200". I have no idea why they added "200" somewhere along the line.
Sep 22, 2005 | 10:59 am
#13
Join Date: Jul 2001
Location: Near Pittsburgh, Pennsylvania, USA, Earth (PIT)
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Yeah, the extra 100s is kinda funny. It has become prevalent in my CLs though. The MBNA I mentioned several months ago now has a 28,800 CL. Whatever.
Sep 22, 2005 | 8:39 pm
#14
Join Date: Nov 2004
Location: Philadelphia
Programs: AA (Exec Plat), Choice (Gold), Hilton (Diamond), IHG (Plat), Marriott (Titanium), United (Silver)
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Well, Chase just recently increased my credit line without asking (fine by me) and I always presumed that credit lines came in 100 increments. Not in this case my line was increased by $3220. Yes that is right, they didn't make it $3200 but instead decided I deserved an extra $20. I found this quite humorous and am extremely amused by that extra generosity. My credit line on this card is relatively decent but not is higher than my Bank One Credit card which chase now owns and I have held for 4 years without a single credit line increase. Makes you wonder what kind of loyalty Bank One has to their customers and whether the computer integration has not been completed yet.
JC
JC
Sep 26, 2005 | 2:58 pm
#15
Join Date: Dec 2001
Location: Washington, DC, USA
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Well in theory a Visa Signature card is like an Amex and has no limit based on your spending and payment patterns. The only difference is that you must pay if full any amounts over your credit line when the bill is due.