Comments on: How Limits Are Determined http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/ The best Credit Card Debt Blog online Wed, 17 Mar 2010 10:38:55 -0400 http://wordpress.org/?v=abc hourly 1 By: How Your FICO Score Impacts Your Life | Master Your Card http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/comment-page-1/#comment-47109 How Your FICO Score Impacts Your Life | Master Your Card Tue, 28 Jul 2009 15:28:23 +0000 http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/#comment-47109 [...] use too much of your available credit. If the available credit limit on a credit card is $5000, it’s tempting to use it. This is a bad move for your credit score as [...] [...] use too much of your available credit. If the available credit limit on a credit card is $5000, it’s tempting to use it. This is a bad move for your credit score as [...]

]]> By: Emily http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/comment-page-1/#comment-7616 Emily Tue, 14 Oct 2008 22:36:49 +0000 http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/#comment-7616 I agree with Philip -- while this does totally make sense, it seems that every once in a while the issuers make some odd decisions and reduce limits of people with great credit, and give others with not-so-great credit a high limit. I suppose there are sometimes some unusual circumstances. Either way, it's nice to see it broken down by the numbers! I agree with Philip — while this does totally make sense, it seems that every once in a while the issuers make some odd decisions and reduce limits of people with great credit, and give others with not-so-great credit a high limit. I suppose there are sometimes some unusual circumstances. Either way, it’s nice to see it broken down by the numbers!

]]> By: philip http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/comment-page-1/#comment-7605 philip Tue, 14 Oct 2008 15:07:24 +0000 http://masteryourcard.com/blog/2008/10/10/how-limits-are-determined/#comment-7605 I see how this works, and is pretty close to what I expected, but I still have a hard time understanding what they have done to me. I have a chase perfect rewards mastercard, and chase freedom visa card. One they limited me at $600 and the visa is at $4000. My income and credit score both seem to me to justify MUCH higher limits than either of these. The $600 is about worthless to me being that I spend about $1500/mo on the other card (paid off always, lots of autobill pay on there). I even asked for them to raise the limits and still not received what it seems they should. I see how this works, and is pretty close to what I expected, but I still have a hard time understanding what they have done to me. I have a chase perfect rewards mastercard, and chase freedom visa card. One they limited me at $600 and the visa is at $4000. My income and credit score both seem to me to justify MUCH higher limits than either of these. The $600 is about worthless to me being that I spend about $1500/mo on the other card (paid off always, lots of autobill pay on there).

I even asked for them to raise the limits and still not received what it seems they should.

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