What's the limit on your credit card?

[rottie102]

Just curious, what is considered a "decent amount" and where do I stand amongst others

[SimonMaidenhead]

If you have to ask...................you're at the bottom looking up.
Personally I don't have one, I'll have to ask the butler what ones limit is

[boxst]

I have a stupid amount (something like £25K). It isn't based on logic or salary or anything else it just seems to have crept up over the (many) years.

[sone]

13.5k if I remember rightly. However balance is zero and thats the way it stays. I carry a credit card for emergencies only.

[13th]

There is a limit on credit cards??

Who would have thought it

[Crusoe]

Mine have the limits I asked for, £10k on both personal ones seemed plenty (at least double what I have ever spent on them and always paid off when due) though I have another work one with a 250k limit encase of emergencies.

[z4chris99]

4k on Virgin, 6k HSBC, 2k on BA AMEX and 'unlimited' gold amex

[R8Steve]

Crusoe said:

I have another work one with a 250k limit encase of emergencies.

Do you often find yourself in emergencies that require quarter of a mil to resolve?

[13th]

R8Steve said:

Crusoe said:

I have another work one with a 250k limit encase of emergencies.

Do you often find yourself in emergencies that require quarter of a mil to resolve?

Well I don't know about you two but I do!!

[S2Mike]

Not that I have ever gone over £2k and it is paid off every month, my limit was £15k, until a month ago when I asked them to reduce it to £7k this was with Lloyds, my Virgin card is limited to £3k and yet I regularly get it up to over £2k then pay it off.
Obviously different criteria, I have been with Lloyds over 12 years and with Virgin 1 year.

[anonymous-user]

Mine is £5000. It seems to me that they generally offer more credit to people who couldn't actually afford it.

I hardly ever use my credit card, and when I do I pay it off every month. A few years ago, when my girlfriend (now wife) and I were planning our trip to Australia I booked the flights and hotels etc on my credit card for the greater protection it offers. I found I was getting close to my limit (£2500 at the time) and so she offered to out some of it on her card...turns out her credit limit was double mine, yet she earned about a third of what I was earning at the time.

I also helped a mate out with some financial advice a few years ago. Said mate was earning not far off the minimum wage and had no real assets and yet he'd racked up debts of £5000 on just one card.

[ybt1982]

I think my one and only credit card has a £2500 limit. I do all my monthly spending on it and collect cashback. Paid of in full every month

[Zod]

Officially no limit, but they do speak to your bank form time to time to decide how big a balance they should accept.

[n_const]

ybt1982 said:

I think my one and only credit card has a £2500 limit.

This.

[Crusoe]

R8Steve said:

Do you often find yourself in emergencies that require quarter of a mil to resolve?

Used £80k worth for a server replacement so yes it might happen, have a card for an emergency helicopter evacuation anywhere in the world too which I've never used but again nice to have.

[jdw100]

Only have one credit card - limit is £25,000.

Mostly use a debit card anyway.

[Sump]

£10,000.

Usually spend £1000 a month on it.

[13th]

Crusoe said:

R8Steve said:

Do you often find yourself in emergencies that require quarter of a mil to resolve?

Used £80k worth for a server replacement so yes it might happen, have a card for an emergency helicopter evacuation anywhere in the world too which I've never used but again nice to have.

You haven't got a Bretling??

[sc0tt]

£200

[Cotty]

Inkyfingers said:

Mine is £5000. It seems to me that they generally offer more credit to people who couldn't actually afford it.

Yep I found the less I used my credit card, the more they reduced the limit.