supern8ural Posted December 1, 2024 Share Posted December 1, 2024 Can someone explain to me the thing about credit limits per card and car insurance? I know someone said $10k/card was good but is it an average of $10k per card or every card you have you want to get over $10k if you can? Just had another card cross that threshold and was wondering if I should ask my agent for a re-evaluation because my insurance is insane but my credit is going to be much better than in years after everything reports this month (got some CLIs, derogs fell of finally, etc.) However I have another card sitting at $7500 and I think I'm eligible for another CLI on it in a month or two. Thanks! Quote Link to comment Share on other sites More sharing options...
shifter Posted December 1, 2024 Share Posted December 1, 2024 You can just ask your agent if you got the best rating on credit or it lowered your rating causing a premium increase. But the thing is there's lots of reasons to have higher CLs, but a score increase isn't one of them. Removing derogs is a different story. Quote Link to comment Share on other sites More sharing options...
supern8ural Posted December 2, 2024 Author Share Posted December 2, 2024 (edited) I was told - and the person that I thought had originally mentioned this to me responded on Reddit - that average CL per card was a metric used for CBIS. I couldn't remember if it was average CL or they all needed to be over $10k to max that metric but I was told it was average. So, apparently I've already achieved the max unless I somehow lower my TCL so the average would drop below $10k so I might as well start optimizing now so everything will be shiny by next month. Edited December 2, 2024 by supern8ural Quote Link to comment Share on other sites More sharing options...
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