Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
brandon452

0 Contributions
0 People Helped
Do high credit lines deter future applications?
I have an aggregate credit line on all accounts of about $15,000. My annual income is approximately $65,000.

Does having this high line of total credit deter banks from accepting my applications for new cards even if I tend to keep my overall credit utilization % low?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
785 Contributions
300 People Helped

No. It indicates you use your cards responsibly. Use cards with rewards that benefit you. You should open new credit cards no more than twice a year, and only when you need them. You should charge something at least every three months on your cards to keep them open and then pay the balance each month. I charge all my monthly expenses, except my mortgage, on my various cards and have over 100,000 rewards points spread out. Some of them earn actual cash back rewards. Never use more than 30% of yiur credit limit, preferably less. 

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.