What is you credit card limit?

[walkur]

Don't remember exactly, I think it's 5000 for th VISA and 4000 for the Mastercard.
For some reason they automatically increase it by 1000 each year.

I use them when i'm in the abroud (sp?) normally only use bank debitcards...

 

[monk3y]

I just got my first card... My limit is at $500 😱

 

[Ausm]

Around 60K last time I checked.


Ausm

 

[SilverTorch]

~20K of CC buying power .... or debt power ..... at 22 its way too much 🙁

 

[tokamak]

$1000 - Charles Schwab Visa
$1600 - Chase Visa

Just got them about 3 months ago, I'm a student and need to build credit. I don't carry a balance. Might cancel one here in a few months and try to get something different - having 2 Visas is pointless, but that's what I could get at the time.

 

[FoBoT]

i currently have no credit cards

i had a corporate card for work, but they changed companies and so my old corporate card is now gone

i have to apply to get another corporate card. i'll do that sometime

 

[Stuxnet]

$40,000 Visa ($0 balance, our "emergency crisis world is falling" card)
$15,000 Amex ($0 balance, used for online purchases and gets paid off immediately)
$15,000 Disney Visa (use for monthly spending to accrue points for vacations, etc., gets paid off each month)
$15,000 Visa #2 ($0 balance, will probably be cancelled since it's not serving any purpose)

The last one will be cancelled, but each of the others serves a purpose.

 

[Stuxnet]

Originally posted by: DaWhim

Originally posted by: enyce2k9
0 CC's atm, i do have debit cards & love em, borrowing money must suck! unless u make profit to keep and cover some interest! <my plan if im unemployed

how does borrowing money and not having to pay financial charges sound to you? there is a law protect credit card holders against frauds, we are liable up to $50 (most cc issuers will waive this charge). there is none for people that use debit cards. good luck with that. in the case of a fruad, you will be at the mercy of your bank. 🙂

Yup... this is exactly why we NEVER use our debit cards. We have a Visa that's used for all purchases and we zero it out each billing cycle.

 

[WiseOldDude]

It's not about what your limit is, it is what your balance is. Banks give WAAAAAY more credit limit than a person should have to hook them into paying high interest forever and ever and ever.

My limits are high, but my balance is ZERO, I don't feel the need to feed the coffers of some huge corporation when I can pay cash.

 

[Wapp]

Originally posted by: WiseOldDude
It's not about what your limit is, it is what your balance is. Banks give WAAAAAY more credit limit than a person should have to hook them into paying high interest forever and ever and ever.

My limits are high, but my balance is ZERO, I don't feel the need to feed the coffers of some huge corporation when I can pay cash.

WiseOldDude is aptly named.

$10k Mastercard always paid off at the end of the month.

 

[pontifex]

why the hell do you people need so many credit cards?

 

[Stuxnet]

Originally posted by: pontifex
why the hell do you people need so many credit cards?

Rewards such as $$$ at Best Buy, free vacations, free airline tickets, rebates, free gas, etc.

Not everyone uses CC's to borrow money...

 

[CraigRT]

Originally posted by: jbourne77

Originally posted by: pontifex
why the hell do you people need so many credit cards?

Rewards such as $$$ at Best Buy, free vacations, free airline tickets, rebates, free gas, etc.

Not everyone uses CC's to borrow money...

yeah, I use CC's for things I have no choice but to use them for 😛

 

[Vic]

Originally posted by: Neurorelay
I should have taken the time to more clearly define my point. While using credit, if you watch interest rates, you consolidate, transfer between loans, refinance, whatever your chosen tool is, to keep your credit under control all the while utilizing it to your advantage.

And the example of communism/socialism was more for the purpose of saying: look, here is what I will give you if you give me such and such. There is a much clearer picture as to what your goods/services will get you in a social setting. Whereas, in Capitalism, the picture is much more cloudy, given that what your goods worth are grossly overcalcuated based on the structure of the market.

There is no direct correlation between our market and the communism/socialism setting of other countries. I just wanted to illustrate that credit is a good thing in capitalism, whereas the carry cash philosophy is a much more antiquated view and maybe those people would be happier in a socialism setting.

I wouldn't say that the picture is more cloudy in capitalism. It's just that communism/socialism is the consolidation of all capital into the state, and the state does not eagerly extend credit.
Nor is it that the cost of good are grossly overcalculated based on the structure of the market. As I said, rate IS price. When a good is financed, the cost of the financing becomes part of the total price of the good. However, rates have been low for some time though and, in consequence, asset values are now quite high. Is that what you meant? This not a situation caused by capitalism per se, nor is it inherent to capitalism, but is the result of our current unique economic conditions. If, for example, the Chinese stopped lending us back the money we give to them in trade deficit, this situation would reverse quite rapidly. But then of course all those who acquired assets when values were high would find themselves in a very uncomfortable situation indeed.
It should be recalled, I think, that just 20 years ago the environment was reversed, and interest rates were high and asset values were very low.

 

[mugs]

Originally posted by: edprush
How embarassing...my credit limit request from $15k to $30 was denied by Chase....last month they were willing to increase it from $9k to $15k.

They haven't given me a reason for not accepting my new request.

Maybe it was because you just got a recent increase? What are you going to put on a credit card that costs $30k? With something that expensive, they'd probably let you split it across a couple of cards.

 

[RbSX]

Mine

TD Student Green Visa - $1000

Dad

Royal Bank Avion Gold -- No Limit (not 'unlimited')
Royal Bank Platinum -- 100,000 (Corporate Card)

Mom

Scotia Bank Visa -- 75k
Scotia Bank Visa -- 500 (for online purchases)

 

[edprush]

Originally posted by: mugs

Originally posted by: edprush
How embarassing...my credit limit request from $15k to $30 was denied by Chase....last month they were willing to increase it from $9k to $15k.

They haven't given me a reason for not accepting my new request.

Maybe it was because you just got a recent increase? What are you going to put on a credit card that costs $30k? With something that expensive, they'd probably let you split it across a couple of cards.

I want to take advantage of their .99% cash advance checks! Imagine getting a $30k loan for less than 1% interest!

Heck I could make money on that deal.

 

[slightlyhuman]

1600 visa
bb 2400

 

[Krazy4Real]

$5k Visa

 

[erub]

Originally posted by: edprush

Originally posted by: mugs

Originally posted by: edprush
How embarassing...my credit limit request from $15k to $30 was denied by Chase....last month they were willing to increase it from $9k to $15k.

They haven't given me a reason for not accepting my new request.

Maybe it was because you just got a recent increase? What are you going to put on a credit card that costs $30k? With something that expensive, they'd probably let you split it across a couple of cards.

I want to take advantage of their .99% cash advance checks! Imagine getting a $30k loan for less than 1% interest!

Heck I could make money on that deal.

should try to get 0% deals like on fattywallet finance if you are using that

 

[ponyo]

Read the fine print with Chase checks. Chase can increase the interest rate on that 1% chance advance check anytime they want. Chase is scum.

 

[zerocool1]

1000 for each (2), but then again I'm a college student. I really don't need it to be that high.

 

[jstack]

$1100 on my Visa.

 

[bernse]

Don't go by what others have as limits.. that's kind of silly. 🙂 There are just too many variables. 😉

 

[Syringer]

Where's Azurik to answer this?