Personal Finance

Banks with most liberal credit limits

  • Last Updated:
  • Jul 30th, 2009 8:48 pm
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[OP]
Member
Jul 25, 2009
411 posts
1 upvote

Banks with most liberal credit limits

which bank do you think offers the highest credit limits for credit cards and line of credits (all other things equal, like income, credit score, etc)

(ps - is it true that amex applicants must have a 749+ beacon score to be approved)
8 replies
Sr. Member
Jan 10, 2008
999 posts
8 upvotes
Toronto
aidan24 wrote:
Jul 30th, 2009 7:17 am
which bank do you think offers the highest credit limits for credit cards and line of credits (all other things equal, like income, credit score, etc)

(ps - is it true that amex applicants must have a 749+ beacon score to be approved)
mbna
Deal Addict
Nov 18, 2008
3271 posts
71 upvotes
CIBC. Anything with a pulse can get a boatload of credit from them.
Deal Fanatic
User avatar
Nov 23, 2005
8325 posts
4062 upvotes
Capital One - they gave me $12k when I was still at univ with no 'real' income ... I had a cash paying job at the time.
Deal Addict
Jun 7, 2005
4277 posts
67 upvotes
boyoflondon wrote:
Jul 30th, 2009 10:08 am
Capital One - they gave me $12k when I was still at univ with no 'real' income ... I had a cash paying job at the time.
+1

They gave me $35k credit card as a first time customer.

Of course I cancelled it a couples weeks later after I found about the mbna cash back card.
Member
User avatar
Apr 23, 2008
451 posts
Edmonton, Alberta
Capital One and CIBC are indeed ridiculous. My friend got $20k or something as a student from Cap One.
Sr. Member
Jul 29, 2009
895 posts
14 upvotes
In my experience, CIBC. They gave me my first credit card when I was 18 and working at Wendy's.

Even though I defaulted on them (long story), they were the first to grant me credit again while my rating was recovering. And, six months later, granted my request for a $4,000 limit increase.
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User avatar
Apr 25, 2009
227 posts
18 upvotes
3rd rock from sun
CIBC...i have 25k limit...and still a student

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