How much income for credit limit?

jboy90

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Mar 28, 2016
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Hi there

I’m looking around and finding some good credit card deals I’d love to churn (Westpac and CBA).

Am currently holding into $21k limit right now, with one card due for a lick of points to come through next month.

Am thinking of applying for the CBA card now (min $6k limit), but am worried I’ll be rejected based on other credit cards around.

Anyone have a rule of thumb or idea of how much income the bank would be happy with to satisfy me having say a total credit limit if $27k? I know expenses and free cashflow are the name of the game and I’m good for free cash flow.

Any ideas greatly appreciated 🙏🏻
 
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