How big is your CC credit limit?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

We don’t buy things we can’t afford.

How do you buy airline tickets, make hotel reservations etc.?

Debit card.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

We don’t buy things we can’t afford.

How do you buy airline tickets, make hotel reservations etc.?

Debit card.

Risky. There are several dozen protections that are built by the 1968 CCPA and the 2009 CARD act. There are tons of protections built in for credit cards.

You lose most of those protections using a debit card. There are less than 25% of the same protections for debit cards.

The most common one is that with a debit card, you have to track your debit card daily to get protections. If you don't report a lost or stolen debit card loss within 48 hours, you would be responsible for up to $500 worth of loss. So, if your card number is stolen and you don't notice the transactions and report them within 48 hours, you could be out up to a $500 loss. That's only one of the many issues where you are not protected using a debit card like you are when using a credit card.

Debit cards are only really advisable when the user is trying to get out of debt and trying to only spend money that they actually have. Use that until you resolve your debt issues, then stop using the debit card because it puts your money heavily at risk to the multi-trillion dollar credit fraud industry.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

We don’t buy things we can’t afford.

How do you buy airline tickets, make hotel reservations etc.?

(There are two if not more, people responding here. I'm the one who said my limit is $2,500.) I don't travel very much. I am not a big earner or big spender. Last year I traveled once, and only because I had to attend an unveiling. Maybe I fly somewhere once every five years?

[Anonymous]

I used to be like the PP and use my debit card for everything, but I started using a credit card because I don’t think you can argue with the points/cash back. Since almost all vendors charge the same price, using a credit card means you get some of the fee the vendor pays back. If you use a debit card you don’t get any of it and you don’t get a lower price.

My limit is like $30k, I don’t know why and I’ve never done anything about it. It just came with the card.

[Anonymous]

I make $120k and cannot get limit increases it seems.

[Anonymous]

Its high but being a frugal person weary of debt, I don't borrow money.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

We don’t buy things we can’t afford.

How do you buy airline tickets, make hotel reservations etc.?

Debit card.

Risky. There are several dozen protections that are built by the 1968 CCPA and the 2009 CARD act. There are tons of protections built in for credit cards.

You lose most of those protections using a debit card. There are less than 25% of the same protections for debit cards.

The most common one is that with a debit card, you have to track your debit card daily to get protections. If you don't report a lost or stolen debit card loss within 48 hours, you would be responsible for up to $500 worth of loss. So, if your card number is stolen and you don't notice the transactions and report them within 48 hours, you could be out up to a $500 loss. That's only one of the many issues where you are not protected using a debit card like you are when using a credit card.

Debit cards are only really advisable when the user is trying to get out of debt and trying to only spend money that they actually have. Use that until you resolve your debt issues, then stop using the debit card because it puts your money heavily at risk to the multi-trillion dollar credit fraud industry.

Not the PP, but am the first poster that said “Zero”.

I am not in debt I make roughly $1 mill/ year. Have multiple homes that I own free and clear. Never had an issue with have fraud charges reversed. Or any protections being offered.

[Anonymous]

Anonymous wrote:Its high but being a frugal person weary of debt, I don't borrow money.

Yeah but most of us don’t carry a balance, so it’s barely debt.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

$2,500 IS a big purchase! If I needed to make a bigger purchase than that (though I can't imagine what that would be) I could use my debit card I guess. But that's never come up.

We just paid $5500 today alone in property tax and homeowners insurance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

We don’t buy things we can’t afford.

How do you buy airline tickets, make hotel reservations etc.?

Debit card.

Risky. There are several dozen protections that are built by the 1968 CCPA and the 2009 CARD act. There are tons of protections built in for credit cards.

You lose most of those protections using a debit card. There are less than 25% of the same protections for debit cards.

The most common one is that with a debit card, you have to track your debit card daily to get protections. If you don't report a lost or stolen debit card loss within 48 hours, you would be responsible for up to $500 worth of loss. So, if your card number is stolen and you don't notice the transactions and report them within 48 hours, you could be out up to a $500 loss. That's only one of the many issues where you are not protected using a debit card like you are when using a credit card.

Debit cards are only really advisable when the user is trying to get out of debt and trying to only spend money that they actually have. Use that until you resolve your debt issues, then stop using the debit card because it puts your money heavily at risk to the multi-trillion dollar credit fraud industry.

Not the PP, but am the first poster that said “Zero”.

I am not in debt I make roughly $1 mill/ year. Have multiple homes that I own free and clear. Never had an issue with have fraud charges reversed. Or any protections being offered.

Wait, you make $1 million a year and don’t have a credit card? You put everything on debit cards? Wow - this is nuts.

[Anonymous]

I have no idea. At least 20k i think. But I have never carried a balance.

[Anonymous]

10,500. I make about twice that per year, and usually pay of the whole balance at tax time. I'm poor though

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

$2,500 IS a big purchase! If I needed to make a bigger purchase than that (though I can't imagine what that would be) I could use my debit card I guess. But that's never come up.

We just paid $5500 today alone in property tax and homeowners insurance.

We’re you charged a % to pay by cc? The fee has never made it worth paying property taxes via cc where I live.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:$2,500. I don't know.

Really? What if you need to pay for a big purchase?

We don’t buy things we can’t afford.

How do you buy airline tickets, make hotel reservations etc.?

Debit card.

Risky. There are several dozen protections that are built by the 1968 CCPA and the 2009 CARD act. There are tons of protections built in for credit cards.

You lose most of those protections using a debit card. There are less than 25% of the same protections for debit cards.

The most common one is that with a debit card, you have to track your debit card daily to get protections. If you don't report a lost or stolen debit card loss within 48 hours, you would be responsible for up to $500 worth of loss. So, if your card number is stolen and you don't notice the transactions and report them within 48 hours, you could be out up to a $500 loss. That's only one of the many issues where you are not protected using a debit card like you are when using a credit card.

Debit cards are only really advisable when the user is trying to get out of debt and trying to only spend money that they actually have. Use that until you resolve your debt issues, then stop using the debit card because it puts your money heavily at risk to the multi-trillion dollar credit fraud industry.

Not the PP, but am the first poster that said “Zero”.

I am not in debt I make roughly $1 mill/ year. Have multiple homes that I own free and clear. Never had an issue with have fraud charges reversed. Or any protections being offered.

Wait, you make $1 million a year and don’t have a credit card? You put everything on debit cards? Wow - this is nuts.

What is nuts about it?

[Anonymous]

$96k in total, $55k on a single card.