Established Contributor
Posts: 832
Registered: ‎01-16-2008
Re: What's your highest Credit Card limit?

anybodii wrote:

I couldn't possibly see a bank wanting to give more than $25,000 ( nor have I heard of too many people with higher than this ), what could you possibly buy with that much on a credit card? Car dealers won't let you charge a car on it, they don't want to pay that fee! If I were a bank, I would be willing to give a generous limit, but what if you lose your job. Sure you might make $100,000 now, but what if you have to accept a job for only $60,000, first thing you stop paying is the credit card.. its unsecured.


**EDIT** I forgot Banks don't think when they lend LOL, retract that comment about if I were a bank... that's like saying If I was a Senator I would...

Au contraire. 


Just this past weekend I purchased a used pickup truck from a local dealer for $17,500 and put it all on a credit card.  Then, I transferred funds from savings, paid the card and will enjoy the 17,500 rewards points after the statement drops.  I know it is not a universal policy but some dealers will accept credit cards.

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