Poll of the Day > How much credit limit do you have?

(+) Yeah! (+)

Just got a notice from my bank that they increased my limit to $7,500.

thanks...

$2k so I can keep all my cash offset against mortgage. Prior to this for close to 10 years it was $500 just for buyer protection as I'd usually pay it off the card first spare minute I had on phone or on computer.

I did get a few offers from bank to increase it to I think 4k from $500 but I always had the option to decline it... Just didn't want it getting stolen and having to deal with that.

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5000 and I don't want it any higher.

One-thousand American dollars because I'm a poor man who had at the time, very little income and not many bills to pay.
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$5000 and I have no idea why I'd use most of that. That would be a very expensive loan.

Credit cards kind of exist to tempt people into spending money they don't have. I just use mine for the credit score instead of debit, I get the cashback and end up saving money. They don't make a cent off me.

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EclairReturns posted...

One-thousand American dollars because I'm a poor man who had at the time, very little income and not many bills to pay.

Nothing wrong with that better than 6k and having someone use them while you recover from surgery

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$7,300.

They keep raising my limit every year...

Like 10k across two cards.

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the higher the credit limit you generally have. the less % of credit used raises your credit score a little.

$10kish I think. Bank of America keeps raising it occasionally.

argonautweakend posted...

the higher the credit limit you generally have. the less % of credit used raises your credit score a little.

That is my understanding as well, otherwise I would probably ask BoA to lower my limit for security reasons.


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20k on my only CC.

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I mean i have a 200 overdraft if that counts ?

No credit cards. Haven't used them in 30+ years.

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7k and 3k

No clue.

one card I dont use has like 24k, and Im not sure about the other three.

$5K, and they litterally forced that on me because for the longest time I had a $2500 limit and they used to hound me to raise it until they just did it anyways my making $5k the minimum limit one of their cards can have.

I use the card for everything (except regular monthly payments) and I barely use $500 a month. Hell, I don't think in the 10 years I have had the card I have ever had anywhere near $1K in debt. And I always pay it off every month (sometimes twice a month if I have money left over from my paycheck).

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In all honesty, I stopped using Ccs. I have a discover card that I rarely use.

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$6000 on my credit card. It was $3000 and then they upped it automatically. I forget what my bank gives me for limits, but I don't worry about that.
I hope one day they up my rewards instead of my limit...

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Around $15000 across three cards.

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.

because it doesn't matter what the law is if it's not enforced what are you going to do sue a fortune 500 company yourself good luck with that there was one case where somebody got over 100k in fraudulent charges on their TD credit card and TD bank denied their fraud claim it actually says in the TD credit card agreement that chip cards are fraud proof and if the fraudulent charge was a chip read transaction then the cardholder is liable.

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.

Personally it is the hassle of dealing with potential fraudulent charges that I would wanna keep a lower limit if it did not affected my credit score. Granted I think my history with Bank of America has been good enough that they would not make me jump through loops to reverse any such charges and I believe any charges above a certain amount/frequency will require I confirm them via text.

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Zangulus posted...

Because you can literally file complaints against said company. They absolutely have to reverse them if you file a police complaint of fraud. At least in the US.

Are you referring to a hypothetical that you just came up with, or is there an actual case youd like to show. If its hypothetical...

wrong again enjoy ending up like the bald guy in the article
https://www.cbc.ca/news/canada/british-columbia/td-customer-fraud-unhappy-1.4341899

Across my 2 cards, and paypal account around 25,000. Definitely not falling into the trap they've set out for me >_>

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$18,750 across 3 cards

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Zangulus posted...

But lowering the limit doesnt change the problems involved. It just means theyll not be able to buy as much...

I agree. It does not eliminate the actual problem of fraudulent charges and the hassle will still be there if made to jump through loops. I would just like to limit the damage in the worst case scenario.

Zangulus posted...

Generally speaking, stolen credit cards arent used for big purchases anyway. Theyre used for smaller ones so they sneak through easier.

Fair point. From personal experiences, my purchases does not trigger BoA warning system unless I make a very big charge or too many small charges in a very short time.

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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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$9000. I generally dont use a third of it at once though.

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It was $22k and they just increased it cause I paid it off all in one shot. Guess they figured, $22k isnt high enough to get him into lifelong debt. Raise the limit on him.

They want me at that sweet spot where I cant afford to make greater payments but also dont fall behind. But after paying off that much debt all at once, I am not eager to get anywhere close to that again. So for now my CC is for emergencies ONLY.

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xjayguyx posted...

5000 and I don't want it any higher.

This. I use credit for most everyday purchases for the rewards, but I consistently pay it off before interest ever comes into the question. My bank has offered to raise it to $7500 on a few occasions, but I haven't bothered because my approach to using the card means I never need that much. If that changes, I may raise it, but for now, I'm quite happy with what I've got.

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4500(Visa)+6500(MC)

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Zangulus posted...

Good job missing where I said in the US. So thank you for showing what you said, but that isnt applicable to the country Im in. And even better job at the attempt at an insult because you cant read.

Also, fucking hilarious you used that as an example and he got his money back...

Not to mention your topic is about debit cards. Debit cards are handled differently than credit cards...

Jesus, could you have failed harder...

enjoy your 138k denial letter

Zangulus posted...

Just digging that hole deeper, eh?

what hole? did you even read the article? somebody charged 138k on her credit card that had a $500 limit and her claim was denied the only reason she didn't have to pay it is because the news station got involved so let me get this str8 if the news station ignores your pleas for help then your stuck with the 138k bill no thank you

12k on one card.
Another card is 1200
Thats all i got for cards

Between all my cards - $31,200.

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How much credit do you all use?
Seems like most of us are smart.
I rarely use more than a couple hundred dollars before a payment, with most payments probably being around a hundred. I make payments after every few purchases or about once a week.
I only get rewarded for using the card and even got a bonus $150 in rewards/cash back in the beginning.

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