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Card Comparison: High Credit Limit Credit Cards – November 2008

brady — Sun, 23 Nov 2008 20:35:30 +0000

As promised, I am showing here the updated list of credit cards with high credit limits. The credit crunch has a clear impact to availability of credit, the number of available credit cards shrinks drastically comparing with my previous list:

	Card Name	Requirement	Max Credit Limit
	American DreamCard Platinum MasterCard	requires Fair Credit, Regular APR: 14.99%, Annual Fee: None	$25,000

Card Comparison: Business Credit Cards – November 2008

brady — Sun, 02 Nov 2008 22:57:59 +0000

In this post, I compare business credit cards which represent a fast growing segment in credit card industry, the reason for fast growth is its popularity. As I pointed out in the q&a, individuals without a business are eligible to apply for a business credit cards, so you don’t need to worry about your eligibility, it’s ok for you to consider them the same as consumer credit cards. The way I compare business credit cards is to break all cards down to major categories of benefits:

Point Rewards Cards

	Card Name	Requirements	Benefits
	Advanta Why Wait Business World MasterCard	requires Excellent/Good Credit, Regular APR: 16.99%, Annual Fee: None	Reward: 1 – 1.5 Point/$, Sign-on Bonus: up to 200,000 WhyWait^SM Rewards Points

Card Comparison: High Credit Limit Cards – October 2008

brady — Sun, 05 Oct 2008 22:08:37 +0000

At a time when housing market crashes, lenders are reducing home equity line of credit, also know as HELOC, a source of funding many Americans use during the boom of housing market.

Net home equity extractions fell nearly 60 percent from a year earlier to $205 billion in the first quarter, according to Merrill Lynch. The investment bank also notes that some $1.2 trillion in equity and housing wealth was wiped out in the first quarter alone because of plunging home values.

At the same time, revolving credit usage — which includes credit cards — accelerated sharply to a year-over-year growth rate of about 8 percent in recent months. That’s the fastest rate in seven years and well ahead of the 2 to 3 percent rate of growth from 2004 through 2006 when home equity lines of credit were a bigger source of cash for consumers, according to Merrill.

At a time like this, you might want credit cards with high credit limits. Usually credit limit is set at the time when credit card company approve your application, known as “initial credit limit”, then depends on your account activity, and your ability to pay bills, credit card companies can adjust it up or down afterwards. Initial credit limits for a certain credit card are usually a range depends on the credit history of applicant. Not all credit cards publicize their initial credit limits, for those that do publicize this information, I am listing those cards sorted by maximum initial credit limit and credit quality required.

Card Name	Card Type, Credit Quality	Initial Credit Limit (Lower ~ Higher)
Gold Delta SkyMiles® Credit Card	consumer card, require Excellent Credit	~ $100,000
Advanta Business Platinum Rewards MasterCard®	business card, requires Excellent / Good Credit	~ $50,000
Advanta Business Platinum MasterCard®	business card, requires Excellent / Good Credit	~ $50,000
Capital One No Hassle Miles^SM Ultra – For Professionals	consumer card, requires Excellent Credit	$500 ~ $30,000
Chase Business Cash Rewards Card	business card, requires Excellent / Good Credit	~ $25,000
Chase Platinum Visa® Business Card	business card, requires Excellent / Good Credit	~ $25,000
Chase Business Rebate Visa®	business card, requires Excellent / Good Credit	~ $25,000
Capital One Visa® Business Platinum with Double No Hassle Miles^SM	business card, requires Excellent Credit	$2,000 ~ $20,000
Capital One Visa® Business Platinum with No Hassle Miles^SM	business card, requires Fair Credit	$500 ~ $20,000
Capital One Platinum Prestige – Visa	consumer card, requires Excellent Credit	$2,000 ~ $20,000