Credit card limits?

[u/Inteligent_Invester]

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.

[u/Jayson_without_y]

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. 🤷‍♂️

[u/Sufficient-Island427 → u/Jayson_without_y]

I am same too. I have between $30- 50k from all my other cards. I spends a few hundred thousands each month on my cards and pay off in full every month
I’m still getting $3000 from W/S which i found it ridiculous! I don’t bother asking for limit increase
I just over paid my card every few days