Comments on: Credit Limits Poll Results http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/ personal finance tips, tricks, and commentary Sat, 21 Nov 2009 18:35:25 -0500 http://wordpress.org/?v=abc hourly 1 By: WALTER http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/comment-page-1/#comment-126362 WALTER Sat, 01 Nov 2008 23:43:14 +0000 http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/#comment-126362 MY CREDIT LIMIT ON AN AMERICAN EXPRESS CARD WHICH I BARELY USE WAS LOWERED 75%. WHEN I CONTACTED AMERICAN EXPRESS ABOUT THIS REDUCTION I WAS IN FOMED THE REDUCTION WAS MADE ON MY BEHALF AS MY CREDIT SCORE WOULD BE INCREASED BECAUSE OF THIS CREDIT LINE REDUCTION.I WAS ALSO INFORMED THE LIMIT WOULD BE RAISED AGAIN AT MY REQUEST. THIS REDUCTION WAS ONLY MADE BY AMERICAN EXPRESS AND NOT BY ANY OTHER OTHER CREDITCARD I HOLD. MY CREDIT LIMIT ON AN AMERICAN EXPRESS CARD WHICH I BARELY USE WAS LOWERED 75%. WHEN I CONTACTED AMERICAN EXPRESS ABOUT THIS REDUCTION I WAS IN FOMED THE REDUCTION WAS MADE ON MY BEHALF AS MY CREDIT SCORE WOULD BE INCREASED BECAUSE OF THIS CREDIT LINE REDUCTION.I WAS ALSO INFORMED THE LIMIT WOULD BE RAISED AGAIN AT MY REQUEST. THIS REDUCTION WAS ONLY MADE BY AMERICAN EXPRESS AND NOT BY ANY OTHER OTHER CREDITCARD I HOLD.

]]> By: college student http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/comment-page-1/#comment-116882 college student Wed, 30 Apr 2008 09:28:27 +0000 http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/#comment-116882 paidtwice, i am a student and am curius which credit card gave u a 5k limit when u just started out from college? and did u have a salaried job when u got the card? paidtwice,

i am a student and am curius which credit card gave u a 5k limit when u just started out from college? and did u have a salaried job when u got the card?

]]> By: Daniel http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/comment-page-1/#comment-79932 Daniel Mon, 10 Sep 2007 12:18:10 +0000 http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/#comment-79932 I answered with my credit limit (over 50k) instead of the other answer I could have used (I don't use credit). I have multiple cards with a 15-20k limit, but I don't use any of them. I have an emergency fund of over 3 months expenses, so I'm not sure why I don't just cut the cards up. It's probably because I have very good self control (maybe too good) and don't use the cards anyway. I only carry one of them, and that's only for things like big box electronics purchases (not that I ever buy those anyway). I answered with my credit limit (over 50k) instead of the other answer I could have used (I don’t use credit).

I have multiple cards with a 15-20k limit, but I don’t use any of them. I have an emergency fund of over 3 months expenses, so I’m not sure why I don’t just cut the cards up. It’s probably because I have very good self control (maybe too good) and don’t use the cards anyway. I only carry one of them, and that’s only for things like big box electronics purchases (not that I ever buy those anyway).

]]> By: paidtwice http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/comment-page-1/#comment-79916 paidtwice Mon, 10 Sep 2007 03:28:10 +0000 http://www.fivecentnickel.com/2007/09/09/credit-limits-poll-results/#comment-79916 I'm surprised it's not more than 36% with over $50K. Maybe I'm just old. My credit card I got right out of college, the longer I don't carry a balance on it, the more they raise my limit. in 1996 it started with a $5K limit. It now has a $49K one. Every few months they bump it up a few thousand to amuse themselves I guess. Maybe they think I'll behave irresponsibly with it if I can buy a car with my limit. I've had my fill of irresponsible use with the other card and I'm reformed now lol. I’m surprised it’s not more than 36% with over $50K. Maybe I’m just old. My credit card I got right out of college, the longer I don’t carry a balance on it, the more they raise my limit. in 1996 it started with a $5K limit. It now has a $49K one. Every few months they bump it up a few thousand to amuse themselves I guess.

Maybe they think I’ll behave irresponsibly with it if I can buy a car with my limit. I’ve had my fill of irresponsible use with the other card and I’m reformed now lol.

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