What's your ACL (Average Credit Limit)?

[BrutalBodyShots]

Thanks for the reply, @Total_Synergy. Yes, ACL is known to impact CBIS and that's of course a metric used to set insurance premiums. Back in 2020-2021 as far as I got on the subject was that an ACL somewhere in the "$10k-$12k range..." was what was needed to satisfy that metric. I was unaware that in 2024 a concrete number of $10,500 was verified. Thank you for providing that information!

[SRT4kid93]

@BrutalBodyShots 

just want to take the time to welcome brutal body shots. 

he is coming to us from Reddit and he brings a wide wealth of knowledge. He's a great addition to this forum. 

[BrutalBodyShots]

I appreciate the warm welcome. I'm glad to be a part of the MF forums!

[crystal626]

---

@BrutalBodyShots wrote:

@GZG, thanks for clarifying personal lines. I should have included that in the original post.

@crystal626, any chance of reallocation of limits from the card(s) you plan to close?

---

Unfortunately, no. I just have too many cards to juggle and I'm using a small handful of them now that I have the US Bank Kroger card giving me 5% every time I leave the house (mobile wallet).

[MarkintheHV]

For me, it would be a total of $280k over 6 cards.  That averages out to a little over $46.6k per card.

[ElvisCaprice]

---

@BrutalBodyShots wrote:

ACL (Average Credit Limit) = TCL (Total Credit Limits) / number of cards.

For example, if someone has 5 credit cards and a total credit limit of $48,500 across them, ACL = $9700.

I've always found ACL to be a more interesting metric than TCL since TCL can be increased two ways... opening more cards or increasing limits on existing cards. Curious to see what sort of ACLs people on this forum have.

---

    A minor metric that says or means very little,  can't read much by it, both ACL & TCL, far too easy to skew.  Be better off with annual income or net worth if you really want to get down to the nitty gritty.   Nobody asks you for ACL or TCL (I suppose they could calculate it from your credit report), they just want to know your annual income and mortgage debt or rental expense.

     As far as this claim to CBIS, there is no factual evidence that it does play a factor, ACL, and even if it did, it's just one little minor piece within a whole bunch of other information.

But, please continue with the fun!!

[Varsity_Lu]

Mean is $13,033 over 9 personal cards for me.  Highest is Savor at $21,500 and lowest is OnePay at $4,000.  Median is $11,900.

[TrapLine]

Interesting ...

Found after culling the herd, down to $10,688 as an average over eight cards. A while back, closed a card that was $57,500 but really no use. Much like other Fico Posters, I have been sifting through the past 20 plus cards and have greatly reduced my offerings.

Considering closing another two cards due to no real utilization value. Fico Scores in the 800+ so what is the point?

Now I do have some nice Lines of Credit and that is not included with no plans to shut them down.

[Varsity_Lu]

---

@ElvisCaprice wrote:    A minor metric that says or means very little,  can't read much by it, both ACL & TCL, far too easy to skew.  Be better off with annual income or net worth if you really want to get down to the nitty gritty.   Nobody asks you for ACL or TCL (I suppose they could calculate it from your credit report), they just want to know your annual income and mortgage debt or rental expense.     As far as this claim to CBIS, there is no factual evidence that it does play a factor, ACL, and even if it did, it's just one little minor piece within a whole bunch of other information.But, please continue with the fun!!

Someone needs a hug! :-)

[made-mistakes]

Are you conducting a study or collecting data for a specific..?

I thought this forum is aimed to educate and help people repair their credit not to collect personal DATA!