Frequent Contributor
Posts: 492
Registered: ‎07-24-2012
Re: What's the limit for a toy card?
I would say a card has a toy limit if it doesn't provide enough credit for the customer to comfortably charge and pay-in-full his monthly expenses with one payment.

If we're looking for a reasonably objective definition of "toy limit", I'd say this is it.

There's still going to be some variance based on one's lifestyle and geographic location, but this makes a good rule of thumb.


Could the average single person put all of their monthly expenses other than rent/mortgage on that card and be within that limit? If not, it's a "toy" limit.


For a college kid spending a gap year living in Thailand, that $500 Capital One card is hardly a "toy" limit since her expenses are easily going to fit within that limit.

But for any typical single person living in a mid-size or larger US city, however, the same card is probably a "toy".


As for those who adjust their perception of toy limits as their own credit limits increase, I respectfully submit that perhaps we should have a different term. When your max limit is $9000 and you get a $2000 CL on a new card, that's not really a useless limit, but it certainly feels like an affront.


Ergo, I suggest that perhaps the true bon mot for those situations is: insulting limit.  Smiley LOL

Starting: EQ 622 (myFICO 7/7/12), EX 696 (TU FAKO 8/14/12), TU 621 (CK TransRisk 7/24/12)
Current: EQ 670 (myFICO 9/8/14), EX 694 (Prosper 7/17/14) , TU 693 (WalMart 9/2/14) Goal: 700+ x3
My Wallet: Amex BCP $30k, Chase CSP VS $12.2k, Amex Zync NPSL (> 10k), C1 Venture VS $5k, Amex SPG $4.5k, Walmart (Store) $2.5k, Barclaycard Apple V $2k, Chase Freedom V $1100, BoA Cash Rewards V $500, Best Buy Rewards MC $500
My Loans: Prosper $25k/36mo
My Business: Chase Ink VS $5k