topic Re: What do you guys consider a high limit. in Credit Cards

What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:30:20 GMT

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.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:36:45 GMT

@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.

I'd say a high limit card would have a limit high enough that you never have to worry about going over the limit. For me, that would be only like $5k, but for most, I'd say around $15k.

Re: What do you guys consider a high limit.

CarbonCard — Sun, 15 Feb 2015 22:38:08 GMT

@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.

Short answer: I think $10k is high.. But once I get my 3x CLI in July, I'll be in 5 figure CL (hopefully)

Long Answer: Thing is, once a person reach their target CL, (5 figure for me) we'll eventually think that this is not enough, and we aim for something higher. This just goes on and on.. By then, one's limit will probably will be in the upper 5 figures and we'll see $10k as "low." It really just depends on the person like you mentioned.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:38:21 GMT

@Anonymous wrote:
@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.
I'd say a high limit card would have a limit high enough that you never have to worry about going over the limit. For me, that would be only like $5k, but for most, I'd say around $15k.

By that standard, every one of my crappy cards is high limit.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:39:16 GMT

I would say $10-$15k are good limits. We don't usually put more than $2000 on them a month.

Re: What do you guys consider a high limit.

1GaDawg85 — Sun, 15 Feb 2015 22:40:32 GMT

High limit is 5k or NPSL....depending on who you ask

Re: What do you guys consider a high limit.

sunkissed — Sun, 15 Feb 2015 22:43:59 GMT

There’s no answer to this question really. What I would consider “high” is based on many factors. For example, if a 24 year old making $28,000 a year who had little or no credit history had a credit card with a $8,000 limit, I may consider it “high”. However, if a 44 year old making $128,000 a year with a long, clean credit history has a $8,000 limit, I may not be as inclined to consider it “high”.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:46:30 GMT

A limit in the 5 digits I'd consider high. I have gotten to a point where $5k limit isn't high for me personally.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:55:39 GMT

6 months ago with my one card I felt that 10k was the limit I desired, a high limit.. Now I feel like if it isnt 10k its low. Mind you I only make 35k (army) but I hate using my "favorite" card with a 5k limit. I think 10k is a solid limit, but would like my cards to be 15k or more

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 22:59:15 GMT

@yes-its-me I am the same. I have a few 5k cards and I don't think that's high for me either. I'd like to get the point where I have 2 high limit revolvers with my amex green NPSL.

Re: What do you guys consider a high limit.

Open123 — Sun, 15 Feb 2015 23:02:40 GMT

I'd consider anything above $10K to be a high CL.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 23:03:52 GMT

5 figures.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 23:05:02 GMT

From time to time, there is a rush here on cards said to give high limits, e.g. recently Duck, NASA, DIners and now Venture. If you look in the approvals, you can see people complaining that they only get $10K, 20K etc. Now this is in the context of expecting "high" limits, but gives some indication as to what is considered disappointing.

Re: What do you guys consider a high limit.

CreditCuriosity — Sun, 15 Feb 2015 23:14:41 GMT

6 months ago I would of been excited at 5k and thought that was a high limit as it would be a Siggy etc, reached that.. Now that I got a 10k approval I want my new approvals to be > 10k or I will kinda be disappointed. I know this isn't how it works though typically with creditors. Although some do try to beat or match your highest limit CC.. I guess I see no point in having a lower limit card. If I wasn't reward chasing aka Signup bonuses, my ideal scenario would be two 2x25k CL cards and an Amex Charge card in the mix and that would suit me perfect. We as humans are naturally greedy though, they more we get, the more we typically want... This is a broad statement as it doesn't hold true to all.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 23:13:39 GMT

@Anonymous wrote:
@Anonymous I am the same. I have a few 5k cards and I don't think that's high for me either. I'd like to get the point where I have 2 high limit revolvers with my amex green NPSL.

@Anonymous,

Agreed...

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 23:14:01 GMT

Anything above 5k.

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 23:19:03 GMT

5k is high for me. My income is middle of the road at 63k but my spend is low and I dont purchase much outside of regular bills. If I can get BCE to 10k next month thats as high as I'll ever need on any card

Re: What do you guys consider a high limit.

Anonymous — Sun, 15 Feb 2015 23:20:52 GMT

@creditcuriousity I agree 100%. I think two 25k cards and a charge is the perfect scenario. Next year I'm going to app for the freedom (hopefully get 5k+ limit) then consolidate all of my chase CL onto either the CSP or Ritz that'll be 25k right there. Now all I have to do is figure out where the other 25k card is going to come from lol

Re: What do you guys consider a high limit.

Open123 — Sun, 15 Feb 2015 23:21:53 GMT

@Anonymous wrote:
5k is high for me. My income is middle of the road at 63k but my spend is low and I dont purchase much outside of regular bills. If I can get BCE to 10k next month thats as high as I'll ever need on any card

This is the key to financial success! Keep this up, and you're going to be incredibly affluent.

Re: What do you guys consider a high limit.

barbaralee — Sun, 15 Feb 2015 23:26:55 GMT

I guess it depends on what kind of spend goes through the card. For me I use my Discover card (2k) and my CashBuilder (4500). I think the max I have put on the cards are about $600, so even the 2k is plenty high for me. My SO, on the other hand, has a card where we put just about every single purchase small or major on, including all of our Amazon shopping. Can't do any less than 10k on that one, and I think the cl is currently sitting at 14k.