What's your credit card limit?

[Reckoner]

1st card $20000
2nd card $2000
3rd card $7200
4th card $8000
5th card $6000
6th card $8800
7th card $4500
8th card $12000
9th card $8200
10th card $6800
11th card $6000


I haven't pushed the CL boundaries on any of these cards.

 

[JohnCU]

Originally posted by: Scrooge2

Originally posted by: JohnCU

Originally posted by: dullard

Originally posted by: JohnCU
student loan is about $15000, the other stuff is just laptop, car emergencies, basic living, stupid impulse buys.

Ah. I hope for your sake the CCs aren't ripping you a new one and that your credit score isn't too trashed by using too much of your available credit. Those stupid impulse buys can really bite you.

credit score is about 620 i think, not great but i'll bring it back up over a couple of years not a huge deal. never made a late payment or missed anything.

Well, the american average 678, 620 is a little low but not terrible. You may consider spreading the CC debt around on those cards of yours. Meaning average them out either with transfer balances or paying off more for the really high ones. Your debt/credit ratio per card is key to your credit score.

if i pay them all off within a year after graduating, how long will it take the score to get back into the 700's?

 

[ElFenix]

Originally posted by: acemcmac

Originally posted by: ElFenix
~$28,000. i basically lived on it during law school but the debt (about $20,000) is at microscopic interest rates because of all the balance transfer offers. i just swap it between cards every once in a while to keep the rates low. i'll be paying it off shortly, now that i've got a real job. prior to returning to school i paid it off every month.

living dangerously. Awesome :beer:

not particularly. i've enough cash on hand to make a credible threat of closing the accounts if they jacked with the rates. normal rate was single digits anyway. i'm only getting rid of it because i figure that a few points on a house (due to increased credit score) is better than a few points on cash. that and it is really annoying to check all the time to make sure they're not dicking around with things.

 

[tfinch2]

BofA - $6000 - I never use this card
Schwab - $6000 - Paid off monthly, usually spend about $1500 on it a month (includes work expenses I'm reimbursed for)
AMEX - $2000 - Has a balance on it of about ~1200 right now at 0% interest until next May

 

[Reckoner]

Originally posted by: tfinch2
BofA - $6000 - I never use this card
Schwab - $6000 - Paid off monthly, usually spend about $1500 on it a month (includes work expenses I'm reimbursed for)
AMEX - $2000 - Has a balance on it of about ~1200 right now at 0% interest until next May

Why not apply for a Citi Dividend card? At least you can get some cash back on that $1500 you're spending a month on your Schwab card

 

[fLum0x]

$1500

 

[tfinch2]

Originally posted by: PaulNEPats

Originally posted by: tfinch2
BofA - $6000 - I never use this card
Schwab - $6000 - Paid off monthly, usually spend about $1500 on it a month (includes work expenses I'm reimbursed for)
AMEX - $2000 - Has a balance on it of about ~1200 right now at 0% interest until next May

Why not apply for a Citi Dividend card? At least you can get some cash back on that $1500 you're spending a month on your Schwab card

Schwab has rewards as well, with no yearly limit like Citi.

 

[Scrooge2]

Originally posted by: JohnCU

Originally posted by: Scrooge2

Originally posted by: JohnCU

Originally posted by: dullard

Originally posted by: JohnCU
student loan is about $15000, the other stuff is just laptop, car emergencies, basic living, stupid impulse buys.

Ah. I hope for your sake the CCs aren't ripping you a new one and that your credit score isn't too trashed by using too much of your available credit. Those stupid impulse buys can really bite you.

credit score is about 620 i think, not great but i'll bring it back up over a couple of years not a huge deal. never made a late payment or missed anything.

Well, the american average 678, 620 is a little low but not terrible. You may consider spreading the CC debt around on those cards of yours. Meaning average them out either with transfer balances or paying off more for the really high ones. Your debt/credit ratio per card is key to your credit score.

if i pay them all off within a year after graduating, how long will it take the score to get back into the 700's?

That really depends, I don't know how much exactly you owe on credit cards. Frankly I am surprised you are as high as 620 considering what you've said. You should check for a more recent updated credit score. Usually we reccomend that you optimally keep about 10-20% of EACH CARD's limit. NEVER MAX OUT, do what you can to keep your debt/credit ratios as small as possible. If you have 15k in student loans plus your credit debt, I'd say it could take as much as 2-3 years to build credit to 700's.

If you want to check your credit details, by federal mandate, all 3 credit bureaus MUST give you your credit report FREE OF CHARGE 2 TIMES A YEAR. The website is annualcreditreport.com. They will give you your credit reports from all 3 bureaus, but not necessarily your credit score. I think Experian will give you your score free of charge, but only once since they are not obligated to do so.

 

[JohnCU]

Originally posted by: Scrooge2

Originally posted by: JohnCU

Originally posted by: Scrooge2

Originally posted by: JohnCU

Originally posted by: dullard

Originally posted by: JohnCU
student loan is about $15000, the other stuff is just laptop, car emergencies, basic living, stupid impulse buys.

Ah. I hope for your sake the CCs aren't ripping you a new one and that your credit score isn't too trashed by using too much of your available credit. Those stupid impulse buys can really bite you.

credit score is about 620 i think, not great but i'll bring it back up over a couple of years not a huge deal. never made a late payment or missed anything.

Well, the american average 678, 620 is a little low but not terrible. You may consider spreading the CC debt around on those cards of yours. Meaning average them out either with transfer balances or paying off more for the really high ones. Your debt/credit ratio per card is key to your credit score.

if i pay them all off within a year after graduating, how long will it take the score to get back into the 700's?

That really depends, I don't know how much exactly you owe on credit cards. Frankly I am surprised you are as high as 620 considering what you've said. You should check for a more recent updated credit score. Usually we reccomend that you optimally keep about 10-20% of EACH CARD's limit. NEVER MAX OUT, do what you can to keep your debt/credit ratios as small as possible. If you have 15k in student loans plus your credit debt, I'd say it could take as much as 2-3 years to build credit to 720.

If you want to check your credit details, by federal mandate, all 3 credit bureaus MUST give you your credit report FREE OF CHARGE 2 TIMES A YEAR. The website is annualcreditreport.com. They will give you your credit reports from all 3 bureaus, but not necessarily your credit score. I think Experian will give you your score free of charge, but only once since they are not obligated to do so.

the 620 was from Equifax in June.

 

[effowe]

3800

 

[Scrooge2]

that's good, equifax is the big one and a lot of companies use them. Consider checking the other 2 as well since a lot of times they are different. If its 620 in june, it could take you about 2 years max to bring it up.

 

[Reckoner]

Originally posted by: tfinch2

Originally posted by: PaulNEPats

Originally posted by: tfinch2
BofA - $6000 - I never use this card
Schwab - $6000 - Paid off monthly, usually spend about $1500 on it a month (includes work expenses I'm reimbursed for)
AMEX - $2000 - Has a balance on it of about ~1200 right now at 0% interest until next May

Why not apply for a Citi Dividend card? At least you can get some cash back on that $1500 you're spending a month on your Schwab card

Schwab has rewards as well, with no yearly limit like Citi.

Just open 2 separate accounts

 

[Scarpozzi]

Most are around $3000 limit. I've never maxed out a card, but it's easy to do when you're paying for airfare and hotels all the time.

 

[NissanGurl]

I only have 1 credit card. I did have $3000 for my limit, but then they went and upped it without even asking me :frown:. I think they added another 10,000 if I remember. Debating calling and getting them to switch it back.

 

[Scrooge2]

Originally posted by: NissanGurl
I only have 1 credit card. I did have $3000 for my limit, but then they went and upped it without even asking me :frown:. I think they added another 10,000 if I remember. Debating calling and getting them to switch it back.

you are better off leaving it there. It makes you have a better credit/debt ratio. Only have it lowered if you are afraid you will spend up to that 10k. Credit is a wierd game, it's good to have a car that has 500 horsepower, but you should never use all 500, you need to use only a fraction of it, like under 100.

 

[Squisher]

3@$30K & Amex Gold which has some undefined limit.