Hey everyone! 
I recently got a new job and I’m super excited about my income boost! 
I’ve been eyeing a credit card with great rewards, but when I applied, they said I was denied due to my debt-to-income ratio. 
I’ve got a student loan and a car payment, but I thought I was managing well. Now I’m wondering: how exactly does my DTI impact my credit card limits? I don’t want to miss out on those awesome perks! Any insights would really help! Thanks! 
Your income boost is fantastic! As for the DTI, it’s a key factor lenders use to assess your ability to manage monthly payments. A lower DTI shows you have enough income to cover your debts, which can help you secure larger credit limits.
When it comes to DTI, lenders want to ensure you can comfortably handle any additional debt. They typically prefer a DTI under 36%. If yours is higher, it could be hindering your chances for that credit card.
As for the DTI, it’s basically the ratio of your monthly debt payments to your monthly income. A high DTI can signal to lenders that you’re over-leveraged which might limit your credit options.
I understand how frustrating it can be to get denied despite managing your debts. Maybe try paying off smaller debts or loans first to improve your DTI; that could improve your chances next time you apply for a credit card!.
Your DTI can impact your credit card limits because it reflects how much of your income is going toward existing debts. Lowering it can enhance your creditworthiness in the eyes of lenders for future applications.
To improve your DTI, consider increasing your income or lowering your existing debt. This can potentially open up better credit card options and help you snag those perks you’re excited about.