What is going on, you guys welcome back to another video in today's video, we're gon na be talking about how you guys can get over $ 100,000 worth of a credit limit amongst your credit cards. Now, if you're new to the channel welcome, my name is Brian. I talk about credit cards, personal finance and anything entrepreneurship related. If any of that interests you you guys can subscribe.

If you, if you feel like it, you don't have to, I don't want to. I don't want to force you to, but hey. If you do welcome to the fam also, I stumbled upon a thread on reddit. It's called like are like backslash pens and they talk about like pens, and this was like, apparently the most satisfying clicky pen and it's so satisfying in today's video.

I'm just gon na give you guys some key points on what you guys can do to get that 100,000 credit limit amongst your credit cards now. For me personally, I've had more than $ 100,000 credit limit for a while on my credit cards, but what I went ahead before recording this video is just going inside all my bank accounts and calculate exactly how much credit limits I actually have now before we get Started this video, let's just cover exactly what I have so I have the world of high card, which is sitting at $ 11,000. My chase freedom is at $ 1000. My freedom unlimited is at $ 8,500.

My Inc cash is that $ 15,000. My Inc, unlimited is $ 12,000. My Inc preferred is $ 22,000 and combining just my chase cards right there. That's actually right under $ 70,000 worth of a credit limit for months.

So what this means is, if I ever turn into a evil villain - and I wanted to run off with the bank's money. That basically means I have seventy thousand dollars to spend within that month before running off and and living in a third world country. For the rest of my life, I'm probably not gon na do that, but I'm not gon na make any promises. Just because I don't know man, I don't know this.

The the pandemic stuff is got, is the shut down? I don't know man, I do have other credit cards. Another credit card that I have is my discovery card. This is actually my first credit card I ever got and this credit card started out with a $ 500 credit limit. This actually turned into $ 7,500 of a credit limit.

This card is actually pretty cool to me, just because I've never manually requested a credit limit amongst my Discover cards, but I think over time, just just putting spent through it never missing a payment that allowed them to automatically increase it. So something like my Discover Card that that's just that that hits home for me because I feel like that's like a baby Pokemon that you start out with and then over time. You just like you, hit like the third evolution on that without doing any work so that that's pretty cool to me. Other cards I have is the American Express business prime card that has a ten thousand dollar credit limit.

What else? I also have the Bond boy car twenty thousand dollar credit limit. I also have the uber visa Barclays card. I think that's sitting around like eight thousand, but I didn't really calculate that one, because I'm never gon na use that card again, since they nerfed that card. For anyone doesn't know that uber visa Barclays card, one of the most best Loki underrated cards out on the market until they completely just nerfed it, and instead of getting cash back that you could have gotten regularly, they made they made the cash back just turn into Her credits, I just don't think that that was a cool move, but that's what happened with that card.

I know I have way over a hundred thousand dollars just because, just by adding those things up right there, that itself is like a hundred some thousand like one hundred ten hundred twenty thousand dollar credit limit, but the main cards. I normally use my gold card, my business platinum and my regular Platinum Card with American Express those cards. Actually don't tell you the exact credit limit that it has. So I'm really guessing that some of those cards have absurd credit limits, just because American Express is one of those companies that do offer very, very high credit limits.

If I were to guess, I feel like my gold card would have fifty thousand, and I feel, like my platinum or my business platinum - have well over fifty to seventy-five thousand dollars worth of a credit limit. This is something I could test by checking the spending power, but this is not something I recommend anyone to do, because when you, when you put that amount onto the app and you're saying like I want to test this you're, pretty much flagging the algorithm that you're About to make a giant purchase of like seventy five thousand dollars, and this could actually lead you to getting a financial review or a shutdown on very, very extreme cases. So there's there's no reason for you guys to check that amount. Just know that charge cards or charge cards now that they define it like that they want to.

They want to market themselves as credit cards. Now they want to get rid of the charge card term, but whatever they these cards are considered. You can't find the exact credit limit on them, but just know that they do offer very generous credit limits, because you are expected to pay off these cards in full every single month. That rule applies universally to me for all of my credit card, except if it has like a no intro APR card and it's a business card.

You're, tactically, you know working the system like that, but generally the principle I have is pay off your cards in full. It doesn't matter what credit limit you have if you pay it off in full. Everything always works out in the end. Now that we went over that now that I got my social proof out there, how did I get there? What did I do? Well, here's some of the key points that you guys need to know if you're really trying to expand it.

Your credit limits amongst your credit cards now. I know a lot of people out here often want to just roll the dice and say. Let me just get one card out here and get that credit limit increase on that one card and boom $ 100,000 on a credit limit, I'm good I'm good to go. I never really thought of it.

That way. I really don't want one card to have all my credit limits. I always like spreading things out and really just diversifying my portfolio when it comes to my credit cards and my credit limits just because you are always susceptible to fraud to somewhat stealing your credit card. To your credit card account getting shut down, there's so many things, and if you have one card that has a very high limit and it gets compromised for whatever reason, with with hackers, with thieves or with in the bank themself, you really don't want to be in A situation where you're left and be handed so for me, the easiest thing to do is really diversify.

Your cards apply for more cards, put regular, spend on it, but pay it off in full and really show these banks that you have a healthy spending habit and you're, not just accumulating debt charging up interest and really not showing them exactly what type of credit card User, you are, I think, that's really the biggest tip that you guys can take away from right there. I think people often assume you'll get a higher credit limit increase if you owe them more money. That's really far from the truth, if you can really show just healthy spending habits and just repaying balances, it does improve your credit score and also shows to these banks like look, I'm a healthy lender and they'll be more confident in giving you a higher credit limit. Now another way for you guys to improve your credit limit is to actually get business credit cards compared to personal credit cards.

If any of you guys noticed all of my high credit limits were amongst my business credit cards, so with my personal cards, usually they don't go over $ 10,000 unless it's a higher tier card like the Chase Sapphire Reserve card. But when we're talking about business credit cards on that minimum, usually for me it's about a ten thousand dollar minimum credit limit that I get on some of these cards now when we're talking about credit limits and what the banks actually give you, I know a lot Of people are curious on the and really what you guys need to know is they take into consideration? How much money you make and really what your credit score is because, if you're not making that much money - and you have a credit limit 10x of what your annual salary is, it makes no sense. That's too much risk on the banks and, if you max out that card - and you can never pay it off, they're the ones losing their money and that's really the whole point of trusting someone with a higher credit limit. Make sure you guys check out my business credit card playlist if you are interested in applying for any type of business credit card, because right now is a pretty good time to apply for it.

Watch my side, hustle videos how to get a business credit card video. My blog, my walkthrough and you guys are on your way to actually getting a business credit card. When I first started out in the points a mouse game, I was so intimidated by business credit cards. I didn't understand the benefits, but after a while, you just realized how beneficial they are and really what they can provide to you in a long-term sense of the points and miles that you can receive.

So I will do a future video on this too, but I have well over $ 10,000 worth of points and cash. Just for my credit cards. A lot of that did come for my business credit cards. So when we're talking about manual credit limit increases, I have done these, though in the past.

The one card that I remember doing this on was my uber visa Barclays card. I don't know why I did it. I think I was just bored. I just wanted to try.

This is like my first couple months of getting into the credit card game and they actually did approve me. I remember during that time when I submitted the credit limit increase on that card. I remember I was getting a phone call. Just a few hours after and just the lady was just asking me a couple verification questions like.

Why do you want this? I was like I just wan na, like a higher credit limit increase it. She was like okay at you, and she did that, and I got a higher credit limit increase that that was really the easiest way to do it. But when we're talking about manual, credit limit increases. Some of the issuers that you guys should really take note of is American Express, so American Express has a very cool thing.

It's called the 3x CL. I with American Express I've, made other videos on this on my channel talking about this, but basically after you open your credit card, wait 61 days and after you wait 61 days go online request a credit limit increase and do it 3x American Express gives some of The highest and most generous credit limits - and I know difficult times that come up if we have a recession due if we have anything going on with the economy and people are in a situation where they need a higher credit limit, maybe to limit their overall utilization To try and bring their credit score up whatever the reason is. American Express often gives higher credit limits. Now.

What we're talking about American Express is direct competition with chase chase is often a little bit more stingy with their credit limit increases, but once they do it once with you, I think it's something in their algorithm or their system. Once you guys get an initial credit limit increase with them, oftentimes you can find yourself getting a lot more lenient and higher credit limit increases with them as well too. Chase has always been the type of issuer that plays more on the safe side. I think they really don't want to risk.

The dice on consumers like American Express tends to do, and they really just want to be on the safe side with consumers. But if you can really get on the good side of the algorithm and show that you're a good, a greenlight customer, then oftentimes, you won't find yourself getting in trouble, try to get a credit limit increase or getting denied for those. Now that really pretty much was it, you really just need to have healthy spending habits. You need to pay off your card in full and you also need a request it manually or they will do it automatically.

Even if you don't force anything, but when we're talking about credit limit increases, you guys, I always recommend to my people, if you're not satisfied with a credit limit that you have at the moment, just wait just wait. If you're, not in a situation where you can wait, the next best thing you guys can do is actually apply for a new card, because when you apply for a new card, you get a whole new credit limit associated with that, and that starts stacking up. So so I definitely want to be a person that has over a 200 thousand dollar credit limit or whatever my potential credit limit could be. If I didn't have more than 10 cards, a lot of my cards start adding up and when those credit limits really start stacking up on all of your cards.

That's really when you can look back and be like dang. I actually have a pretty decent sized credit limit so far now hope you guys enjoyed my video on how to get a 100,000 plus dollar credit limit increase amongst your credit cards. Let me know what you guys think down below and let me know also what is your highest credit limit amongst your credit cards and what credit card issuer tends to give you a higher credit limit. Don't forget to like this video, if you guys have not yet already, if you guys, are interested at all and applying for any new credit cards, I do have affiliate links down below that really do support the channel.

In other words, I hope I see you guys in the next one peace.