Highest available limit credit card?

[disneysteve]

I suggest we post our credit scroes instead. It isn't all that personal, and it definitely tells more about how responsible a person is than ,say, CC limits.

I was disappointed when I got my Discover bill the other day. Last month, my FICO score was 850. This month it plummeted to 846. What a disgrace.

[GoodSteward]

I was disappointed when I got my Discover bill the other day. Last month, my FICO score was 850. This month it plummeted to 846. What a disgrace.

Fico is a much broader term than you would think. There are many forms of the fico score and it seems a fico score isn't necessarily the same as an official FICO score. I used to subscribe to my fico and compared it to a credit card fico score. They were off a good bit. I don't remember if discover uses the official one or not. I canceled that card a while back.

[sv2007]

I was disappointed when I got my Discover bill the other day. Last month, my FICO score was 850. This month it plummeted to 846. What a disgrace.

What's the reason? Discovery's web site will tell you.

I've been at 830 +/- for so many years until I paid off my mortgage (the only mortgage we have, but we had it since 1995). Them my score dropped to 815. It took a while to get back to 832 current score with the same reason, too.

[sv2007]

Fico is a much broader term than you would think. There are many forms of the fico score and it seems a fico score isn't necessarily the same as an official FICO score. I used to subscribe to my fico and compared it to a credit card fico score. They were off a good bit. I don't remember if discover uses the official one or not. I canceled that card a while back.

Discover card gives you your FICO score. There's only one official FICO score; if you see differences it can mean they were taken at different times.

[disneysteve]

Fico is a much broader term than you would think. There are many forms of the fico score and it seems a fico score isn't necessarily the same as an official FICO score.

I honestly don't really care. Some version of the FICO score gives me an 850 and my wife an 850 (out of 850). If it's off a few points, it really doesn't matter. The fact is that we have excellent credit by any measure.

[disneysteve]

Discover card gives you your FICO score. There's only one official FICO score

There are multiple versions of the FICO score.

http://www.bankrate.com/finance/credit/how-many-fico-credit-scores-do-you-have.aspx

[disneysteve]

Here's another article from FICO themselves explaining that there are multiple versions of the score.

http://www.myfico.com/credit-education/credit-score-versions/

[LivingAlmostLarge]

Hm I can't break over 800 for DH and I.

[MooseBucks]

I suggest we post our credit scroes instead. It isn't all that personal, and it definitely tells more about how responsible a person is than ,say, CC limits.

Per my Bank of America my "FICO Score 8" is 842 Currently. Past 12 months it ranged 840-850.

My highest spending ability was on my Amex at 50k. My limit was at 19k but they allow over the limit charges with no fees. Fortunately I've never needed to spend that much in a month.

[disneysteve]

My limit was at 19k but they allow over the limit charges with no fees.

If there is no fee or penalty for going over the "limit", than that isn't really the limit. I've never quite understood that.

[MooseBucks]

If there is no fee or penalty for going over the "limit", than that isn't really the limit. I've never quite understood that.

The difference if you aren't PIF you need to pay amount "over the limit" on your next bill. I believe it works the same for Visa Signature & World Mastercards. I know some of mine report the highest balance billed vs the actual limit. It can make your utilization look higher than it actually is.

[Mouse]

Funny you mention about the VIP,

I have $3,000 on my only card... a friend got the same card a few months after me.. same limit.. he took advantage of the 0% fees for the first few months and didnt pay his bills on time because he wouldn't be charged extra...right before the holiday season they bumped up his credit line an extra few thousand while mine stayed the same with my 100% on time full payments.. haha oh well I have no need for it anyways.

[Nutria]

I have $3,000 on my only card... a friend got the same card a few months after me.. same limit.. he took advantage of the 0% fees for the first few months and didnt pay his bills on time because he wouldn't be charged extra...right before the holiday season they bumped up his credit line an extra few thousand while mine stayed the same with my 100% on time full payments.. haha oh well I have no need for it anyways.

Their analysis shows that he's likely to use that extra limit and then pay interest on it, while you... are an expense to them.