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Can you talk a little more about how to get started doing credit card arbitrage, like the basics? I just discovered this and am still trying to get my head around how you get the cash from the cards to invest. I think you are supposed to charge your monthly expenses and then take that money you saved and invest it? Is that correct? Also, How does one go about getting all these credit cards without tanking your credit score and then getting denied by any more cards in the future? I have 2 credit cards with low limits, each around $2,500. Those won’t work. And do you need to get the checks from the card companies for this to work? Impressed by what you’ve done here, just want to know the initial details on how to get started. Thanks!

I am going to answer the second part of his question.

How to Build Credit History from Scratch

There are lots of great online resources to learn about credit. Instead of changing just a few words in the same content, I show you how we start out with no credit score at all. Let me bring those old posts from a blog called SoCal Credit Card. I’ve been tracking a credit journey of 4 people over the course of years.

This is a list of credit cards and limits for the same individuals as of April 2015. I had this blog from 2009 to 2015 until GoDaddy screwed up my domain registration. I will salvage some contents back to this blog in the future.

Review these resources and create your own strategy. Things change quickly, but the basics of a credit scoring system never change. The goal is to have a $300,000 cashable credit limit from major banks.

How to Increase Credit Limit

Getting approved for a credit card depends heavily on your credit score and recent activities in your credit report. What about credit limit? There are 2 things that matter: total revolving credit limit and annual income.

Total Revolving Credit Limit

Some banks are easy to get a credit limit increase, some are not. American Express and Citi are the 2 banks that help boost your total revolving credit limit. I cover details on each bank.

American Express

Easy to reach $30,000 limit. You can request up to 3x of your current limit.

Bank of America

Request a credit increase only if you have 1 credit card with them. They care your credit allocation rather than the individual limit. They may increase on one card, but reduce on other card. Just apply a new card, but be careful with the 2/3/4 rule.


Easy to reach $15,000 limit. Request a credit increase as soon as you receive a new card. I increased my credit limit from $5,000 to $15,000 this way. Note that the maximum balance transfer amount is $20,000 per account, not per credit card.

Capital One

Impossible to ask for a credit limit increase. Just apply a new card.


Impossible to ask for a credit limit increase. Just apply a new card, but be careful with the 2/30 Rule & 5/24 Rule.


Super easy to request. Like Barclaycard, request a credit increase as soon as you receive a new card. I increased my credit limit from $7,000 to $25,000 this way. Be careful with the 8/65 rule.


Easy to reach $15,000 limit. You can have a total of 2 Discover cards with combined total limit of $30,000.

U.S. Bank

You can request a credit increase up to $7,500 at a time. Easy to reach $10,000 limit.

Wells Fargo

Impossible to ask for a credit limit increase. Only 1 card per person.

Annual Income

Your annual income matters to your credit limit. If you don’t work, put a random company name (i.e. Twitter, Inc.) and find a favorite job title on the career listing page. Copy and paste the mailing address and phone number from their corporate website. Make sure it’s a real company. $250,000 annual household income will be enough. Banks never verify income and employment. Do same for your partner. The key is to stay consistent. Set your story down and use the same profile for all future credit card application and limit increase requests.

Target Cashable Credit Limit

Here’s a breakdown of the $300,000 limit. You get $240,000 from 3 major banks: Bank of America, Chase, and Citi, and the remainder from Barclaycard, Discover, U.S. Bank, Wells Fargo, and other regional banks. Don’t count on American Express and Capital One. They are shit.

Bank Limit
Bank of America ($20,000 * 4) $80,000
Chase ($15,000 * 4) $60,000
Citi ($25,000 * 4) $100,000
Other Banks ($15,000 * 4) $60,000
Total Cashable Credit Limit $300,000