What is the highest limit you have on your credit card?

LMFAO, No one in their right mind would give a credit card.

I do not have a credit card.

This is true

I think I have one with a $30,000 limit but I don’t carry any balances anymore either.
It’s funny, the more available credit you have the more they want to give you more.

Sorry, don’t have one. Haven’t for over ten years.

Is it true though that not having one lowers your score? Never heard that.

@cookieman, one of the calculations FICO uses is a comparison of how much available credit you have to how much debt you have. No available credit =low score.

I have cards with pretty high limits but I almost never use credit anymore, and when I do, I always pay the entire balance BEFORE the deadline.

Many years ago I got myself into credit hot water by tapping all my limits—one of them was $10,000, which was a very high limit in those days. Took me years to pay everything off and I’ll never get myself into that fix again, even if I have to exist solely on peanuts.

After the 2008 financial crisis we said that we never want to partner with the banks again. Never again will we let them have us by the balls.
Saw a funny quote the other day.
“If you owe the bank $100,000 the bank owns you. If you owe the bank 100,000,000, you own the bank.”

I use a Capital One Master Card with a credit line of $15,000. Very occasionally I buy a big-ticket item so it comes in handy. I always pay the full amount monthly on time, however and never have been late.

I believe at least one or two of our credit cards have no upper limit, we pay them all off in full every time we receive a bill. We have a separate credit card for each of the family members we support, so their purchases can easily be followed.

We often pay off the balances of some credit cards by getting new credit cards with zero interest for 6 months or a year. We put the payments in a savings account and earn interest on it until the payment is due in full, then cancel the card.

My husband operates the Bank of Dad (Or Bank of Grandpa), and all the (adult) kids make deposits and withdrawals. He also opens bank accounts for everybody when there are promotional giveaways, like the bank will deposit free money after x transactions in x months. He then closes the accounts after the given time period.

As I have mentioned before, we support or partially support 11 family members.

My highest one is $3900. I never use it because the interest rate is ridiculous. I keep it open because it has no annual fees, so why not? The one I do use has a limit of $3000. My husband’s highest one is $5000, and luckily all of that is currently available. That’s about as high as we’d want one.

We recently cancelled one secured card each because they had $250 limits, they were only our starter cards, and they had annual fees.

We have a few more credit cards open. Well, two, and they’re both for department stores and maintain zero balances. We won’t cancel them because we don’t want our credit scores to go down.

If I could, I’d get one card with both of our names on it with a high limit so we could cancel the rest and keep the same available credit. But alas…

I think credit works differently here. I’m ashamed to say I don’t know how they calculate our credit rating. I have no idea what mine is but I would expect it to be very high.

I have three credit cards and they have limits of $15,000. Two of them I barely use. One I use when there are special deals because I can get interest free through that credit organisation and there are times when I will do that rather than use my own cash. The other is a store card and I just want the points which can be transferred to my airline frequent flyer account. If I use that card, I pay it straight off. My main CC, which I also pay off each month, is linked to my frequent flyer account too. I use the points to upgrade flights so it’s worth it to me to use the card.

I actually don’t like credit cards so use them strategically.

Is there a current reason to be concerned about your credit score?
I know that ads bombard us with the notion that we should be constantly grooming our credit score, but really it doesn’t matter much until you need to take a loan or need another credit card.
My experience is like @Judi‘s the less I need it the more they try to shovel more credit my direction. My credit score might be lower than it could be because I pay everything off right away and don’t carry a balance on anything but household mortgage. ...And I have no idea what my credit score is and don’t give a hoot.

@YARNLADY that almost doesn’t seem like it should be legal.

@cheebdragon Each account is opened by a different family member, all adults, and the money goes to the Bank of Dad account of each person.

$15,000. I always pay for everything with the same card, and I always pay off the whole balance every month, and I never, never have to pay actual money for plane tickets because I get miles. I put it on the credit card when I buy chewing gum, and I put it on the credit card when I have my roof replaced. Everything. See you in Paris.

Thanks all, got a 20k limit from USAA. I use it for one random purchase each month, and pay it off. Usually it is groceries.