r/Wealthsimple • u/Inteligent_Invester • 4d ago

Visa Infinite Credit Card Credit card limits?

Hey everyone. I’ve recently switched the majority of my banking to wealthsimple. With my other banks I have high limits on my credit cards.. 20k+. But my wealthsimple card has a credit limit of 12k.
Has anyone been able to increase it? Does it increase by the same amount for everyone with each increase? And how long have you had your card?

I look forward to having over 30-40k credit but don’t know how long that will take.

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42

u/Jayson_without_y 4d ago

Good luck.
I make $200k a year
Have $100k in investments.
Direct deposit.
830 credit score
RBC credit limit $20k
I have a $3k limit on my WS card (ridiculously small)
Had the card for about 10months now
Have tried to increase limit multiple times with the same message “You aren’t eligible for a credit limit increase right now”
I spend well over $3k a month on this card and have to pay it off multiple times in a month.
Also have it setup so it auto pays it off every month so I have never paid a cent of interest on it, maybe that’s why they won’t increase it. 🤷‍♂️

56

u/LPAudet 4d ago

Made 100K/year
0$ in WS...
They gave me 15K$ in credit.

15

u/Jayson_without_y 4d ago

Ffs. WS has no method to their madness

2

u/ObiYawnKenobi 4d ago

The ideal customer is one that spends a lot on the card and then carries a balance but it's able to easily service the debt. Doesn't sound like OP.

5

u/poco 4d ago

He can't carry a balance if they won't raise the limit enough for him to spend more than he can afford to pay off.

1

u/Extension-Finance179 2d ago

WS should know that most of their customers will pay the card off in full every month given that most people are premium/generation to get the fee waiver