How big is your CC credit limit?

[Anonymous]

Anonymous wrote:Zero

No need for credit cards.

Eye rolls.

[Anonymous]

Four cards with $30k each. Always pay in full.

[Anonymous]

$34k i think

never asked, they just keep giving it to me.

got into a little cc debt post college, really impacted me once i paid that off.

now, i pay in full every month. thanks, YNAB!

[Anonymous]

6 Cards x $30K each.

We pay in full if/when we charge.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Zero

No need for credit cards.

Eye rolls.

I don't have a need for them, what do you care?

[Anonymous]

I have one card, limit is $7500.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Zero

No need for credit cards.

Eye rolls.

I don't have a need for them, what do you care?

I think the pp was giving you the eye roll is because you came in the thread to brag? I mean, you don't even have a credit card so why answer, "how big is your CC limit?" lol

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Zero

No need for credit cards.

Eye rolls.

I don't have a need for them, what do you care?

I think the pp was giving you the eye roll is because you came in the thread to brag? I mean, you don't even have a credit card so why answer, "how big is your CC limit?" lol

I am not allowed to be interested in something that does not directly apply to me?

Why would I brag about something that most people think is stupid?

Also o am interested in how the whole credit scoring system/credit line algorithms will evolve over the next couple of years considering 90% of its pretty much BS. Gig workers, blockchain, personal ID protection are all going to have a huge impact.

[Anonymous]

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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?

The lost rewards and cash back. The credit card fees are priced in to everything you buy, so if you aren't getting rewards or cash back, you are just volunteering to pay 3-5% more for every item you purchase. (DP.)

[Anonymous]

Raising your limit but not raising your spending, can increase your credit score for future mortgage.

[Anonymous]

Anonymous wrote:

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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?

The lost rewards and cash back. The credit card fees are priced in to everything you buy, so if you aren't getting rewards or cash back, you are just volunteering to pay 3-5% more for every item you purchase. (DP.)

I get Delta Miles on one card and 1-2% cash back on another card. So…

[Anonymous]

Anonymous wrote:

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.

I'm frugal and I borrow. I'm weary of debt.

[Anonymous]

How many of you know this without having to look it up? I’d have to look or I’d have no clue.

[Anonymous]

I have many cards, the highest limit is around $35k. Total across all cards is about $200k.

[Anonymous]

I have 6 credit cards and they all have ~$25k - $30k limits. Honestly don't ever need that much as I pay it off, but I guess it's nice in case of some emergency.

All of them probably started in the $2k-$5k range. I don't ask for increases, they just do it. There was a day where this would have been extremely dangerous for me to have this level of easy access to credit.

FWIW, the credit card apps say my FICO is 830