harley
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
We've gotten 3 credit cards since retiring. Each time they gave me some smallish credit limit like $3000 and each time I called them and told them to raise it to $15000 or cancel the card. Each time my limit was raised within a few minutes of answering some questions about our income. They really have no way of verifying my income since its mostly taken from our portfolio, but they took my word for it. I assume because our credit is outstanding.
If they wanted to verify, they would ask for a copy of your 1040.
Has never happened to me.
Interesting. I have a side business doing some reselling for my old company. Every once in a while I get a huge order from them that far outstrips my credit limits on the cards I use for the business. I end up having to max out the cards, get billed, pay them off, max them out again, get billed, pay them off, rinse and repeat multiple times in a month. It's a real PITA and really slows down my ordering process.
I have never been able to get the CC companies to raise my limits high enough (I'd like $50K+ on each of the two cards). Whenever I've tried I've truthfully answered the income questions, which limits me because we don't have that much actual income even though we've got plenty of money. Maybe I'll try answering creatively next time, see if I can get a more useful limit. It's not like I don't always pay the card off each month.