Total Credit Limits

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projectx

Level 2 Member
I've been at this game for a few years but here I am with a noob question! For the most part I have focused on MS. Now that I'm acquiring more cards I'm starting to look at my total credit limit across all banks. Is there a point in which you should look to lower your limits? While I understand a healthy CL is good for your utilization, at what point do banks start to look at the total credit extended to you across ALL banks when applying for new cards?
 
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GettingReady

Level 2 Member
Chase: I don’t lower because I want to be able to move credit from one card to another. Course I’m not applying for any new Chase cards.

Citi: I lower when I’m bumping up against the credit limits and they won’t approve for a new card automatically but need to move credit.

Amex: I don’t think they really care and you’re limited on the number of credit cards you can have anyway.
 
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projectx

Level 2 Member
I get all that but I'm talking about overall CLs across all issuers combined. So when I apply for a card from XYZ bank, at what point does that become a problem? 2x income? 3x?
 
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GettingReady

Level 2 Member
Differentplanet said:
Any idea what the total CL to income ratio is for Citi?
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No idea. I might be able to get a rough idea. On my application spreadsheet I usually write down what income I put on the application and then document if it was auto approved or not. If no one else answers, I’ll try to look it up later.
 
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swazzie

Level 2 Member
The Citi income to CL ratio is ~35% for me across personal cards, after which stopped getting instant approval and had to start moving credit around.
 
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