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how much open credit line is too much?

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RyGuy4690
Established Member

how much open credit line is too much?

general question...

how much open credit line is too much?

EQ 727/TU 724/EX 716 myFICO 4/3/2016

Amex PRG NPSL/BoFA Cash Rewards Visa Signature 21k/Capital One Quicksilver VS 21k/Chase Sapphire 20k/Amex Gold Delta 12.3k/Discover It 11.9k/Citi ThankYou Preferred WMC 10.1k/American Airlines Silver WEMC 10k/Best Buy store card 10k/Macy's store card 10k/JCP store card 10k/Chase Marriott Premier VS 6.5k
Message 1 of 14
13 REPLIES 13
Skye12329
Valued Contributor

Re: how much open credit line is too much?

Simple depends how much can you handle/need/income.

Like some people have more credit than income but some lenders might decline because of that. Do you need like 100k in credit? How much are using?
BK7 - 2/21
Cap1 QS - 2k (4/21)
Mission Lane - 4k (11/21)
Venmo - 900 (11/21)
SavorOne - 2500 (12/21)
VentureOne - 2000 (7/22)
Message 2 of 14
RyGuy4690
Established Member

Re: how much open credit line is too much?

 


@Skye12329 wrote:
Simple depends how much can you handle/need/income.

Like some people have more credit than income but some lenders might decline because of that. Do you need like 100k in credit? How much are using?

In credit card bals just about like 5-6k out of a total 55k or so avaliable CL on all my cards

I do not need 100k in credit 

I am not planing on getting anymore anytime soon

A mortgage few years down the road 

EQ 727/TU 724/EX 716 myFICO 4/3/2016

Amex PRG NPSL/BoFA Cash Rewards Visa Signature 21k/Capital One Quicksilver VS 21k/Chase Sapphire 20k/Amex Gold Delta 12.3k/Discover It 11.9k/Citi ThankYou Preferred WMC 10.1k/American Airlines Silver WEMC 10k/Best Buy store card 10k/Macy's store card 10k/JCP store card 10k/Chase Marriott Premier VS 6.5k
Message 3 of 14
Skye12329
Valued Contributor

Re: how much open credit line is too much?


@RyGuy4690 wrote:

 


@Skye12329 wrote:
Simple depends how much can you handle/need/income.

Like some people have more credit than income but some lenders might decline because of that. Do you need like 100k in credit? How much are using?

In credit card bals just about like 5-6k out of a total 55k or so avaliable CL on all my cards

I do not need 100k in credit 

I am not planing on getting anymore anytime soon

A mortgage few years down the road 


They were more just general questions to answer your question Smiley Tongue

 

Like in my opinion its too much credit if you cannot handle or need it. So i currently have 22k in available credit or something around those lines. I am going to be cancelling roughly 7k of it because i dont need it. 

BK7 - 2/21
Cap1 QS - 2k (4/21)
Mission Lane - 4k (11/21)
Venmo - 900 (11/21)
SavorOne - 2500 (12/21)
VentureOne - 2000 (7/22)
Message 4 of 14
Kostya1992
Established Contributor

Re: how much open credit line is too much?

Whatever is enough to get a mansion, a few lambos and other cool/fun things like housemaids.

TU08 FICO850
EX08 FICO850
EQ08 FICO850

Message 5 of 14
Skye12329
Valued Contributor

Re: how much open credit line is too much?


@Kostya1992 wrote:

Whatever is enough to get a mansion, a few lambos and other cool/fun things like housemaids.


Wouldnt that technically lead to debt if you cannot afford it? Smiley Tongue My state doesnt allow cars to be bought with credit, and i dont think the housemaid would appreciate that either. Smiley Tongue

BK7 - 2/21
Cap1 QS - 2k (4/21)
Mission Lane - 4k (11/21)
Venmo - 900 (11/21)
SavorOne - 2500 (12/21)
VentureOne - 2000 (7/22)
Message 6 of 14
Anonymous
Not applicable

Re: how much open credit line is too much?


@RyGuy4690 wrote:

general question...

how much open credit line is too much?


I don't know. Barclay does, maybe you should call them. At least, they knew last year, when declining me for a card and using the excuse that I had too much open credit.

Message 7 of 14
Kostya1992
Established Contributor

Re: how much open credit line is too much?

Skye, cash cards are your friend when you are initiating the ultimate cashout.
TU08 FICO850
EX08 FICO850
EQ08 FICO850

Message 8 of 14
taxi818
Super Contributor

Re: how much open credit line is too much?

Maybe 1.000.000 too much. But at that point who cares. Seriously. I saw fico member with 800k available. Util was at 10% I was like **bleep**. What the puck. 

Message 9 of 14
Anonymous
Not applicable

Re: how much open credit line is too much?

50k total limit across 15 cards. Not feeling enough. Smiley Frustrated

Message 10 of 14
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