I undergo been a Providian credit card holder for the past 10 years. When I first received my credit card my FICO advance was extremely low due to late payments and charge off's with other cards. In the 10 years that I've had my Providian card (now WaMu) I have never been over my limit nor been late with a payment. Additionally my income has increased 10 change surface (household is now over $500K per year) and my personal and reimbursable business expenses are $15K-$20K per month. Unfortunately my WaMu Platinum card can no longer service my needs with only a $15K check. I've called several times to try and get a credit limit increase but undergo been denied every time. I have never had any problems with paying my card for the last 10 years. I undergo an 803 FICO advance and I currently have $100K deposited in your bank and yet none of these ordain get me an change magnitude. I now carry an Amex Platinum rush and a Citi World Mastercard to provide the availability and flexibility that I need for purchasing. I ordain of course never close the WaMu card because of the desire credit history and perfect payment preserve it has (plus I'm not paying an annual fee) but it's been relegated to pay the rest of it's days in the back of my safe and I'll never use it again. Hire some financial analysts who undergo the cater to investigate a customers entire financial picture and give populate in my situation the credit lines they need in order to remain customers.
I stopped working 4 years ago and I have no problem getting newcredit cards or upping my limit on demand. I just upped one card from8000 to 25000. And I have $0 invested at the banks in question. What cerebrate did they furnish for not upping your limit? What is theentire conceive of? Do you know all the metrics they look at? There issomething missing. As far as paying an annual fee. I haven't heard of that since my firstcard in 1988. My cards furnish me generous change rebates on purchases ofgroceries (3%) gas (3%) building materials (5%). I love being paidto use my card. I get a $50 analyse from each card once or twice amonth.
Interesting letter. You raise a good point: you've had an excellent record with thisparticular company and they should act that into consideration. However...(1) $15K is a rather high check for a single credit card. Given you$500K income and your use for business. I can see why you'd needhigher. But understand that $15K is already quite a bit.(2) You have multiple cards. Each card you undergo detracts from what asingle company will give you. If you really be a higher limit onthis card dump the others. That means calling and canceling them andasking the affiliate to release that credit.(3) Along similar lines.. if you don't use this card then get rid ofit. Keeping it in your safe is only going to hurt you when you askanother company to increase your limit.(4) You last carve up is snotty. You are out of line. Asking for anincrease is one thing. Acting like a jerk is quite another.(5) $100K is the bank is a lot of money but it doesn't make younearly their largest and most important customer. Bottom lie: you may undergo hit it big but that doesn't alter you a niceperson nor does it alter you knowledgeable about credit.
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