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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.
For me a high limit is when a lender gives me a CL which is 10% + compared to my income on a single card
@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 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!
@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.
for me, a high limit is something above 15K, closer to 20K.
@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 . 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.
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.
Anything not FP or First Savings.