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Money and Finances
Reply to "Credit Card available credit goes from 15K to 50K"
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[quote=Anonymous]You should ALWAYS seek higher limits and there is no bad thing about many cards, as long as you repay or don't spend it. High limits are a benefit to your score because they show banks think you're worthy of borrowing. If you don't carry a large balance, it shows that you can repay it. We have probably 20 cards and large limits. Before we get a loan or something similar we will ask for limit increases which are almost always granted. We're mid 40s and have scores between 830-845 (about the same score for both of us). A far cry from my husband's damaged credit during the 2008 recession! [/quote]
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