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Ever since the financial crash happened, I would say the average credit limit for a new card from a new issuer is $2k to $4.5k for those with good credit. Those with excellent credit probably have an average credit limit on new cards that is higher, if they already have high limit accounts.
If you have two credit cards with $5,000 limits, you have a total of $10,000 available. If one card has a $5,000 balance and the other a zero balance, your utilization rate is 50 percent. However, if the limit on one card is increased by $5,000, your limit total increases to $15,000.Your utilization rate immediately decreases to 33 percent. You can ask your lender to reduce the limit or lower it to its previous level, but that likely wonât help your credit scores. Thanks for asking.owever, if the limit on one card is increased by $5,000, your limit total increases to $15,000. Your utilization rate immediately decreases to 33 percent. You can ask your lender to reduce the limit or lower it to its previous level, but that likely wonât help your credit scores. Thanks for asking.