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Credit card with credit limit?

Why do other people I know have bad credit score than me and they get approved for higher credit limit than me what consist on that.. My friend has 620 and for approval for $5000 credit limit and I got the same card as he did and I got approved for $2000 and I have 700 credit score

5 Answers

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  • Dan B
    Lv 7
    5 years ago
    Favorite Answer

    Your credit score isn't the only thing that determines your credit limit. When you apply for a card, you disclose your income and job history (these are not part of the scoring system). But the card issuer uses that info along with your credit score and history to determine the risk they are willing to take by issuing you a card. Without knowing your credit profile or those of your friends, I can't offer any other reason.

  • 5 years ago

    Your Debt to Income can play into that decision, as well as your depth of credit history, and outstanding balances on current revolving credits.

  • A
    Lv 7
    5 years ago

    it depends on the number of your other cards as well as the institution he went through, Are those real FICO scores or the make believe Credit karma scores ? it will make a difference

  • MadMan
    Lv 7
    5 years ago

    First, there is nothing wrong with a $2,000 limit. Second, you do not know exactly what they looked at.

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  • Anonymous
    5 years ago

    If you want a higher limit then ask.

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