The Money Poll on credit limits has now run it’s course, so it’s time to take a look at the results… As of this writing a whopping 36% of you reported having over $50, 000 in available credit. Apparently I underestimated you guys when I put together the list of possible responses! On the low end, 6% reported that they don’t use credit, 10% had $5k or less, another 20% fell between $5k-$20k, and the balance (28%) wound up in between $20-$50k. As I suspected, it looks like 0% balance transfer credit card offers have inflated numbers somewhat for at least a few of you.
If you haven’t had a chance to participate in the credit limits poll, please do so.