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How much is too much for CLs?

Valued Member

How much is too much for CLs?

This is what I have and their CLs

NFCU 20000
USAA 16000
USAA 12000/ 9200 Bal
USAA wife's I'm an AU 5200
Cabelas 4000
Mil Star 6400/ 1100 Bal

I make about 70k a year

Any insight from the experts?

Thanks,
Grant
1 October Eq 750

NFCU nRewards 25k, USAA MC 19k, USAA MC 16k, Cabelas 9k, Jeep MC 8.5K, Chase Mil Star 12k

Message 1 of 4
3 REPLIES
Valued Contributor

Re: How much is too much for CLs?

This is a little different, but similar enough that its worth posting.

http://ficoforums.myfico.com/t5/Credit-Cards/Maximum-credit-limits-possible-all-cards/m-p/2297127#M6...

In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Message 2 of 4
Super Contributor

Re: How much is too much for CLs?

At various times, there have been threads on CL/Income ratios.   It is all over the map, ranging from say 0.1 -5 or more.   And of course these aren't the maximums, just what people (report that they) have.   

 

 

Message 3 of 4
New Contributor

Re: How much is too much for CLs?

I wouldn't say you are too high. I have definitely seen higher ratios of CL's to income.

If women didn't exist, all the money in the world would have no meaning. -- Aristotle
Starting Score: 777
Current Score:  761
Goal Score:      800
Message 4 of 4