Visa Line Of Credit

My credit score 747. My school loans, car loans, dept cards, etc are all paid off. I have one open credit card maxed to 9000 on Citi mastercard. My Visa is up to 3400, I asked for 4000 more credit line. Why was I declined? They told me some bs because I was too high on my CitiMc. I don't believe this. Anyone else go through the same thing?

A credit increase can be declined because of your debt to credit ratio. In other words, if you currently have a total allowed credit of $20,000, but you owe $19,000 on all of your credit cards, then you only have $1,000 available. (95% owed, 5% free) This is NOT a good thing when it comes to requesting more credit. It would be better if you had $10,000 owed and $10,000 available (50% owed, 50% free)...THEN they would grant you more credit (but then again, you probably wouldn't NEED it at that time either now, would you? ROFL! ....but that's how it works!

2009-04-08 11:55:17 by FLEX

Download link: www.savemybox.com A credit card is a small plastic card issued to users as a system of payment. It allows its holder to buy goods ...

I would stay away from that card. Sounds like they charge a lot of fees for what they offer. There are better cards out there. Shop around. You could always save up some money and get a secured Visa.

Chances are that if your stuck with a Salute Visa it is because you have poor or no credit. In most cases when you are in either situation, credit card companies are not quick to increase your limits.

2007-11-09 03:52:03 by muf

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When I call their number, I get no prompts for Spanish as most companies offer.

Get an english speaker customer service rep on the line and see if they can transfer you over to a spanish speaking rep.

2008-03-05 10:24:07 by Veruska

Price: $16.95

I was reading some information on the Internet (on my bank's website) about a secured visa credit card. It says that after 18 months, they may be able to continue my card membership without requiring me to secure my credit line including I manage my credit responsibly for the 18 months. What does this mean? That's the only part of this I am co nfused about. I never had a credit card before in my life and am considering this to build up a good credit score once I get enough money to put into savings account and have the minimum required in the account. At this rate that may take a while but I plan on paying off the card as soon as I get the bill, including I even charge anything. I would like the credit card for in case of an emergency, even if I only have a $300 credit limit.

Securing a line of credit means putting up collateral.

A secured credit card such as you are talking about requires a cash collateral deposit that becomes the credit line for that account. For example, if you put $500 in the account; you can charge up to $500.

You would do this to build up a credit rating; i.e. a good history of payments on a secured card reporting to the credit reporting agencies will qualify you, in time, for unsecured credit cards.

2007-01-23 15:43:41 by Bear

They say 5,000 but someone said you can actually have less of a credit line and still get the gold card. Anyone know if this is true?

Nope.

2008-05-08 05:49:35 by CanadaRox1234