How much credit do we need.

[Anonymous]

I have under $30K available credit and have no interest in trying to go higher becase that doesn't matter.

The scores in my sig. matter.

[MidnightVoice]

I want enough credit so that in a normal month if I do not Pif early, then my util is under 10%.

[wmarat]

How much is enough?

What if you have some kind of emergency?

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@MidnightVoice wrote:
I want enough credit so that in a normal month if I do not Pif early, then my util is under 10%.

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[wmarat]

Nice scores.

So, If you offered Auto-CLI, you would reject an offer, would not you?

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@Anonymous wrote:

I have under $30K available credit and have no interest in trying to go higher becase that doesn't matter.

The scores in my sig. matter.

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Message Edited by wmarat on 10-14-2008 07:06 AM

[fishbjc]

Excellent thread and interesting point of views.

DH has $42k.  The only card he will next app for is NFCU MC in six months.  We're hoping to keep going with cli's for the next year.  I would absolutely NOT turn down a cli or a gli or whatever I was offered. 

[Anonymous]

I kinda recall there was a thread similar to this a few months ago - or was it last year? Anyway, the consensus was (I think) 1x your annual salary should be enough. But, I 'spose each person has their own number in the back of their minds, based on their spending habits, income, etc. As for me, I have always maintained a cl of 2x my annual salary. After a few years with the same bank, such as Chase and Citi, they tend to give you cli at regular intervals.   

[Anonymous]

Shwew man if I need 1x's my annual salary I need to get to app'in. I only $4100 in credit... and thats divided among 5 cards - there could potentially be a gas card coming too. I don't know, they didn't say yes and they didn't say know. It was for the BP Visa that usually means your getting a BP gas card.

Any hoo I digress.... I either need some serious CLI or some more CC.

(just kidding Im happy where I am. At least I know even if I go on a major shopping spree one day I can't get in too much trouble with $4000)