What is the largest credit limit someone has on one of their cards?

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Reply 20

Duncan2012

Original post by john2054

5 digits huh? but how much exactly? I'm not encouraging this, only enquiring!

But why? Would you go up to a person on the street and ask them how much they earned?

Reply 21

john2054

Original post by Duncan2012

But why? Would you go up to a person on the street and ask them how much they earned?

never mind

Reply 22

john2054

Original post by the bear

i have a Trump Star Card. it has $1 Billion instant access + special bonus features :hubba:

lol you crack me up.

Reply 23

jay2013

I have a limit of £50,000 for one of my cards.

Reply 24

Charles III

Original post by Duncan2012

Highest credit card is 5-digits. Another card is unlimited (a charge card which needs to be paid off each month). Having a large limit shouldn't be a goal. Generally speaking you shouldn't be using up the limit. Encouraging other people to get higher credit limits is frankly bizarre and borderline irresponsible.

You said everything I was going to say here.

Reply 25

john2054

Original post by jay2013

I have a limit of £50,000 for one of my cards.

i doubt that very much somehow jay

Reply 26

john2054

Original post by iEthan

You said everything I was going to say here.

go away

Reply 27

Reue

Original post by jamesthehustler

@Reue
do what you do best here

Hmm?

Reply 28

Reue

Original post by john2054

What about you guys?

Honestly not a clue, never come close to hitting any limits. Only time i use a credit card is for Section 75 protection and spending whilst abroad

Reply 29

john2054

Original post by Reue

Honestly not a clue, never come close to hitting any limits. Only time i use a credit card is for Section 75 protection and spending whilst abroad

Is this hidden messaging, or what do you mean by this??

Reply 30

john2054

Original post by Reue

Honestly not a clue, never come close to hitting any limits. Only time i use a credit card is for Section 75 protection and spending whilst abroad

I've just googled it.

Reply 31

Reue

Original post by john2054

Is this hidden messaging, or what do you mean by this??

http://www.which.co.uk/consumer-rights/regulation/section-75-of-the-consumer-credit-act

Reply 32

Tiger Rag

Mine is £2k. Never hit it though. Just tend to use for going abroad and more expensive items.

Reply 33

jay2013

Original post by john2054

i doubt that very much somehow jay

Okay

Reply 34

jamesthehustler

Original post by john2054

How much do you earn?

this year currently I am looking at about £220,000
but I need that to rise before I consider that I've truly made it that would be somewhere between £750,000- £1,000,000

Reply 35

IcEmAn911

£5800 on my Sainsbury Credit Card.

Reply 36

Reality Check

Original post by DarlingtonViking

I'm nearly 20, and my credit limit is £4,500 with American Express. I'm a part-time student, and work full time (previously for the most talked about government body on this forum). My salary is about £21,000 (pre-tax, NI, Pension and deductions) for reference. I pay back everything in full, each month. In total, I have £16k of a available credit, never used.

Wow, and I thought we'd stopped all that post 2008! You have £16,000 of available credit with a salary of just £21,000. Just for interest, and not for one minute suggesting you'd do this, your take home pay is roughly £1450 a month. If you'd maxed out your credit cards and they were a very average interest rate of 18%, you'd be paying £240, or 16% of your monthly take home pay just in interest!

Scary. Just out of interest, why do you feel you need such high limits at such a age, given that were you to use that available credit you'd be crippled financially?

Reply 37

Reality Check

Original post by jamesthehustler

this year currently I am looking at about £220,000
but I need that to rise before I consider that I've truly made it that would be somewhere between £750,000- £1,000,000