How much has your credit limit gone up by

[sexy-girl]

i got a £200 increase on my credit card starting today

i've been pretty good with my credit card since i've had it paying off each month although i did only pay min payment last month so it was still maxed out at £400 but now have a max of £600 (which im debating about maxing again)


im sure this is pretty normal for credit companys to push up the limit when its coming up to christmas

 

[freakygirl]

I don't use credit cards much..

I have 4 cards though that have available credit, if I needed it.

one is $10,000, one is $4500, and the other two are (I think) $5,000 each.

They haven't raised my limits in a long time because I haven't used them.. and haven't needed them raised.

 

[sexy-girl]

i really don't want to have a credit card with a large limit ... but its very useful for making the occasional online orders and such

 

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[The Heretic]

Since I was laid off? Both of my credit cards have increased my credit limit - IIRC, one by a couple of thousand USD, the other by about $5K USD.

But you know, that doesn't really do me any good; credit==debt, and I need more income, not more debt.

 

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[Fly_On_Wall]

my cretit card started at 500, it's now 1,500 mabey 4 years later

 

[Fly_On_Wall]

oh but that is probably cause I've never payed interest on it and they are begging me to do it.

I will put a 1,000 charge on it and a week later pay it off in full.

 

[sexy-girl]

$50,000

shame you can't use dollars in england then



i doubt i will let mine increase past £600

i get all my money paid into my bank and i do have a switch card (like a debit card)


edited to say i've only had mine about a year

 

[takingchances42]

I had enough credit limit to build a house at one time.


High credit limit can work against you, if you get a loan they look how deep you can get if you max them.
They wont give a loan to someone who can end up 100,000 in credit card debt, so I cancelled most of mine.

Not always true. I must have at least $150,000 in unused lines of credit on credit cards, anywhere from $10,000 to $25,000 a card. Banks are still very anxious to offer me loans, new cards, and raise current limits.

Being self-employed, I look at it as free disability insurance, since there aren't annual fees on the cards anymore. If something were to happen to my income, or my health, and I were to go through my savings, I could live off the credit cards for a few years while rebuilding. As long as you have the self-discipline not to abuse them... why not?

 

[The Heretic]

shame you can't use dollars in england then

SG - by responding to him you just give him the attention he wants by claiming that he is a sniper, a computer expert, and now someone who claims to be rich (do I see a pattern here? next he will be claiming to have a 12 inch cock. ).

i doubt i will let mine increase past £600

If you mean the credit limit, you usually don't have much control over that - they just keep increasing it hoping you will carry more credit. I have noticed this seems to happen after I make large purchases or large payoffs of debt. I also seem to get a bunch of credit card offers after that happens.

 

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[Wiggles]

I still don't understand why they want me to borrow their money. I don't need their money. Why should I pay them for letting me use it??

Why is it a bad thing to not borrow money?

This doesn't really need to be answered, I've just never gotten the point of the whole thing.

 

[sexy-girl]

If you mean the credit limit, you usually don't have much control over that - they just keep increasing it hoping you will carry more credit. I have noticed this seems to happen after I make large purchases or large payoffs of debt. I also seem to get a bunch of credit card offers after that happens.

this one was offered/advertised to me and i asked for £200 but i guess they do sometimes increase it without asking so there might not be much i can do about that except get rid of it altogether or just phone them up and ask them to lower it to annoy them

 

[BJ]

Credit Card Limits

I haven't seen my limit go up in some time. I think it's at $2,000. I can't recall having more than $800 on it at any one time. I too use my card on line once in a while but mostly if I have car trouble.

 

[Pamela]

Not always true. I must have at least $150,000 in unused lines of credit on credit cards, anywhere from $10,000 to $25,000 a card. Banks are still very anxious to offer me loans, new cards, and raise current limits.

It all depends on your Gross Debt Ratio, Total Debt Ratio and credit history. You're obviously just fine!!!

(sorry...banker bitch here!)

 

[Dietrich K.]

I declared bankruptcy about five years ago and my credit was down to nothing. Right now, it's at about $5000.

Yay me.

 

[takingchances42]

It all depends on your Gross Debt Ratio, Total Debt Ratio and credit history. You're obviously just fine!!!

(sorry...banker bitch here!)

Yes, the banks want to lend to the people who don't need it, and not to the people who do "need" it. Which may sound unfair, but from the bank's perspective, the ones who don't need it are the ones who can definitely pay them back, whereas the ones who really "need" the loans are the ones who may not have the money to pay the bank back.

Banker Bitch???

Now that sounds like a Lit story waiting to be written...

 

[The Heretic]

i guess they do sometimes increase it without asking so there might not be much i can do about that except get rid of it altogether or just phone them up and ask them to lower it to annoy them

They do it all the time with me and never ask; one day I just notice that they raised it. Especially if my balance approaches the limit, or if the balance is near zero, one way or the other they want me to run up a greater balance.

 

[sexy-girl]

They do it all the time with me and never ask; one day I just notice that they raised it. Especially if my balance approaches the limit, or if the balance is near zero, one way or the other they want me to run up a greater balance.

i wonder if anyone has ever asked to have it lowered after they have raised it without asking


i really want to try that now

 

[scrymettet]

i wonder if anyone has ever asked to have it lowered after they have raised it without asking

yep

 

[ridddder]

I was taught to not spend more than you need, except for larger purchases of course. Having never bought a home, I think I have golden credit with a beacon score of 802. That is what you are rated on by the way. If really doesn't matter how many cards you have, or how much you can access, but rather your repayment history. Including outstanding medical bills, overdrafts, and defaulted loans. It also is a good idea to obtain a copy of your credit history from time to time, to check for fraudulant charges. Your beacon score goes up and down dependent on major purchases, and how well you manage your debt. That is how it is done in the US, I don't know the system in other countries since I don't do business there. I do know on car loans if you have a beacon of 750 or higher, you will get the prefered rate, under that.....it goes down in tiers. Word to the wise, keep good credit habits, and you will be able to make those major purchases like a home without trouble.