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TopicHow much credit limit do you have?
Dikitain
05/05/20 11:26:00 AM
#31:


Zangulus posted...
Why do people keep talking like having a high limit is a security issue? Literally watch your accounts, check them at least once a month. They are required by law to scrub it from your account if you didn't make the actual purchase. So someone just using your card without your knowledge doesn't hurt you in any way unless you need access to that credit immediately.

I wouldn't say it is a security issue, I know the banks handle it well. I had a fraudulent purchase in my account and the bank had my card canceled and a new one in the mail in less then 6 hours after it was made. And I balance my credit/debit statements daily, so again, not an issue of that.

It is just for lack of a better analogy I don't want to carry around a bazoka when a simple 9mm pistol is all I need. If I need $10K in credit for whatever reason I would rather get a bank loan then a credit card.

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