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What do you guys consider a high limit.

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kjel
Established Contributor

Re: What do you guys consider a high limit.

Context matters, but for the average person anything north of $10K is high to me. I have one card with a $14K limit. The others range from $1500 to $6K
Current Score: TU: 674 | EQ: 722 | EX: 717 | Last Inq. 2/16/15...Locked Up in The Garden
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Message 41 of 128
Anonymous
Not applicable

Re: What do you guys consider a high limit.

Years ago I use to think $5,000 is a huge credit limit. I remember I hesitated to tell the credit analyst that I am looking for $5,000 credit line. Slowly I jumped to $10,000 was happy as hell for the milestone. Now I think $20,000 is high.

Message 42 of 128
Drew
Frequent Contributor

Re: What do you guys consider a high limit.

A good high limit is anything over 49,999.
Message 43 of 128
lg8302ch
Senior Contributor

Re: What do you guys consider a high limit.

For me a high limit is when a lender gives me a CL which is 10% + compared to my income on a single card  Smiley Happy 

Message 44 of 128
baller4life
Super Contributor

Re: What do you guys consider a high limit.


@Themanwhocan wrote:

Less than $1500 = Toy limits

$1500 - $9,999 = Normal limits

$10,000 - $25,000 = High limits.

$25,001 - $50,000 = Huge limits

$50,001 on up = Insane limits.

 

Well, thats my own scale that I just made up 30 seconds ago. But now that I've posted it to the Internet, it must be true.

 

But its only valid for personal credit cards Smiley Wink So, the next time somoene says they have a credit card with a $80,000 limit, you will know to reply "Wow, thats Insane!"


Haha love it!!! I agree!

Message 45 of 128
takeshi74
Senior Contributor

Re: What do you guys consider a high limit.


@Anonymous wrote:
So in you guys opinions what do you consider a high limit?

It's all relative and subjective.  A few years ago anything over $5K.  These days anything over $25K.

Message 46 of 128
Anonymous
Not applicable

Re: What do you guys consider a high limit.

for me, a high limit is something above 15K, closer to 20K.

Message 47 of 128
TURNERHOOVER
Established Contributor

Re: What do you guys consider a high limit.


@Anonymous wrote:
I know this question based on personal opinions but I just though I'd ask. Me and a colleague were have a discussion yesterday about the amex situation and this lead into us tell what cards we held and their limits. He pretty much has the same cards that I do besides a couple. When he told me that his Discover IT, and CSP had low limits of 10k and is Discover IT has an 8k limit. I kind of looked at him like dude....those are pretty good limits. I told him the highest limit I have is 5k, but to my defense I have this limit among a few card but still 10k is a great limit. I told him Discover only have me 1k Smiley Sad. So in you guys opinions what do you consider a high limit? To me a high limit is anything over 8k.

Anything over 5k. I'm simple.

EX 727 | EQ 720 | TU 740

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Message 48 of 128
longtimelurker
Epic Contributor

Re: What do you guys consider a high limit.

Where's the American strive to succeed?  (Of course, us foreigners use much more disparaging terms for this perceived US characteristic, but still!)  

 

Surely, any limit that you can get is always too low.  If not WAAAY too low.

Message 49 of 128
ScarletFever
Frequent Contributor

Re: What do you guys consider a high limit.

Anything not FP or First Savings.

.Citi FICO-836 Barclays TU FICO; 827. Discover Fic0-826; CK:EQ-821; TU-819; CS-819; Total credit-$165,500: NASA-29,700; AMEX BCP-17,000; AMEX EDP-20,000; CSP-14,400; Barclay Ring-10,000; Discover It-9,000; U.S.Bank Sig Visa13,000; United TeleTech Federal Credit Union-$9000; Citi Double Cash-9900; Citi TYP-7,700; Discover Cashback Bonus-7,200;Chase Freedom-6,500; AMEX HHilton Honors-5000; Barclay NFL Extra Points-$5000. Utility always 1-2%
Message 50 of 128
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