[HedoShoodovex]

I got my first line of credit this year and they gave me $25000AU which I thought was quite high for a first card. I just use it to buy stuff online, and I don't spend money I don't have. I can't really see how people can think that it's free money when they charge you intrest every month.

[topcasinobonua]

I got my first line of credit this year and they gave me $25000AU which I thought was quite high for a first card. I just use it to buy stuff online, and I don't spend money I don't have. I can't really see how people can think that it's free money when they charge you intrest every month.

well thats cos its not.

even if you pay before the interest is charged your still paying back what you would other wise have spent if you dodnt have the card (in an ideal world obviously)

[Slintreeoost]

Credit? What's that?

I don't have any, and will probably never get an application approved.

[Gskdmidd]

My available credit is insane, close to $75k with three cards. When I graduated from college my one credit card jumped to a 35k limit just becuase of the school I graduated from. I didn't even have a job but my credit score was 800, I could have walked into a bank and got a loan for anything I wanted.

My debt isn't out of control. I have about $2000 left after my hospital emergency, and thats really all I am keeping the cards for. That balance is locked in at 2.9% from a balance tranfer check so I'm not worried about it. I bought my Mitsubishi at 0% interest and I rent, so the ammount of money I pay out a month in interest payment is very small, except for those damn student loans, but I can write that interest off on my taxes.

When you have low or 0 balance the comapnies increase your rates like crazy. My credit score is close to 800, nearly perfect, so they keep increasing my limit by $200 a month.

A few bankers and realtors I've talked to have said that it used to be bad to have high available credit but they all told me that it is good now. They told me that if you close an account with $25,000 of available credit it will show a loss of $25,000 and decrease your credit score by as much as 60 points. So I'm afraid to close accounts and lose credit.

Credit doesn't make any sense anymore. Your whole financial future rides on a three digit number that can be ruined by an extra months gas bill that came after you cancelled the service when you moved. Some banks won't loan you money because of high credit limits and others will loan you more.

[itepearce]

My available credit is insane, close to $75k with three cards. When I graduated from college my one credit card jumped to a 35k limit just becuase of the school I graduated from. I didn't even have a job but my credit score was 800, I could have walked into a bank and got a loan for anything I wanted.

My debt isn't out of control. I have about $2000 left after my hospital emergency, and thats really all I am keeping the cards for. That balance is locked in at 2.9% from a balance tranfer check so I'm not worried about it. I bought my Mitsubishi at 0% interest and I rent, so the ammount of money I pay out a month in interest payment is very small, except for those damn student loans, but I can write that interest off on my taxes.

When you have low or 0 balance the comapnies increase your rates like crazy. My credit score is close to 800, nearly perfect, so they keep increasing my limit by $200 a month.

A few bankers and realtors I've talked to have said that it used to be bad to have high available credit but they all told me that it is good now. They told me that if you close an account with $25,000 of available credit it will show a loss of $25,000 and decrease your credit score by as much as 60 points. So I'm afraid to close accounts and lose credit.

Credit doesn't make any sense anymore. Your whole financial future rides on a three digit number that can be ruined by an extra months gas bill that came after you cancelled the service when you moved. Some banks won't loan you money because of high credit limits and others will loan you more.

All the information I gathered is that the higher your limits and with small charges on them the better is your credit, and the less credit cards you have the better your score and credit

And this rule should be true for any bank or facility trying to get your credit history.

[Caunnysup]

I've got a super duper Platinum, Gold, Silver, Diamond, Emerald CC with sugar on top, with a limit of $100 million, cos I'm Bill Gates secret love child!

[DailyRingtone]

Having a large credit limit HELPS your credit. It is the balance-to-limit ratio that is a *****.

[BalaGire]

Mines at $8500 right now cause I've been using the same card for a long time, and I use it a lot.

[BonjGopu]

My limit is $9,500. One time I called my card company and they offered to raise it even more! I told them "NO NO NO!!". The lady on the phone said, "Sir, it would behoove you greatly to raise the credit!" Then I realized she just wanted me to get into debt.

Good news: I'm not in debt!

[shanice]

£2300 but i'm NEVER gonna max any card out ever again...why? after 12yrs of heavy spending then some £12000+ of debt later i finally admitted i had a problem [rofl]

Now fast forward some 6yrs, as off the 5th im debt free [thumbup]

[choollaBard]

Just got upped to 75k.

[24MurinivaMak]

I'm a 20yr full time college student in Canada and I have: one visa card with a $2000 (increased 2 days ago from $1000) limit and another visa card with a $1500 limit. Just yesterday I applied for a PC financial MC. It's got no annual fees and gives 1% back in points you can use at the supermarket! I really want a card that gives me some points. I hope they approve me!

I've had credit cards for the past year and a half and I've never paid 1 cent in interest! I ALWAYS pay the full balance on the due date. And yes, I do gain out of having them! Leaving ~$2000 in my savings account for 21 days earns me about 5 bucks.

[payloansday]

I have a BP VISA card with a $500 limit that i use for gas and dining out since I get 5% back on gas and 2% back on dining. I had double points for the first 60 days as well. I never let it get above about $80 and I'm only 21.

The Newegg.com Card I just got gave me a $2400 limit! And the weird thing is both the newegg and BP are through Chase but yet I get more from newegg.

[itepearce]

Have I mentioned that mine comes with 5% cashback on dinning and gas purchases and 1% on everything else

[itepearce]

I am basically building my credit, not using them a lot actually, I've been in US for about 21 months

My 1st CC was $500...had it for about 9 month now..applied for this and I was expecting and would be more than happy with $1000 or $2000 line but for my surprise I got $5000

I am 25 now, so what do you think?..good or bad at this point

So what is the maximum limit on your CCs you guys have?

[XGoFivk7]

I got £1500 on mine . Amazon.

I think its a bad idea, but feels nice to have it. cant resist buying thigns tho lol

[Dyslermergerb]

$500 here... got it a few months ago.. im oo poor to pay it off now.
________
Toyota S transmission history

[oB8LI2kP]

My Visa Plat has a limit of 7500. Of course, thanks to my truck's engine dying and a few college tuitions, the card is about $100 short of max..... as soon as i have money, that damned thing is getting paid off.

[xsVfF9Em]

Dude, $5000 credit limit is for the credit card company, not for you. What are you going to do if you max that out? You're going to make that company money and you'll be broke.

I am anti credit cards.
________
FEMALE ADVICE FORUMS

[Bbjhjxfy]

My card company started me out at 1K, moved me up to 2K and then up to 5K each time at intervals of about 18mos. I put everything on my card and pay it all off at the end of the month. Free one-month loan on everything, no fees, double the warranty on items purchased with the card plus I get up to 1.5% (on an escalating scale depending on how much I charge over the year) of my charges back at the end of the year.

If you know how to use your credit card responsibly, your creditor will end up paying you to give you short-term loans every month. It's a pretty sweet deal.