What's your credit card limit?

Qrt · 25-05-2023 5:42pm #1

I had a student credit card with a really low limit for the past few years. Never went overboard on it, always paid back on time, etc. I changed card and was given a limit about 25% above my monthly income, very few questions asked. I was surprised by it, but anyway, what are other people's limits?

thebiglad · 25-05-2023 5:58pm

You seriously expect people to post that on a public forum!

Monthly income in comparison to limit isn't really the point, its disposable income as, in theory that's what would be used to pay it off

Qrt · 25-05-2023 6:04pm

https://www.boards.ie/discussion/comment/120640036#Comment_120640036

If somebody asked me what my credit limit was, I wouldn't have any problem telling them. If nobody wants to reply, nobody will.

Atlantic Dawn · 25-05-2023 6:24pm

Mine was set at double my gross monthly income when I got it, circa early Celtic Tiger years. If I remember during the application process the bank came up with the figure as a suggestion and I went with it, different times I suppose. I pay it off every month, never changed the limit since getting it.

AndrewJRenko · 25-05-2023 7:12pm

Is any provider particularly good for providing a card for a person with low income and low outgoings?

25-05-2023 7:43pm

€2k is mine. Never ever had less than credit in my account though, never owed.

ednwireland · 25-05-2023 7:49pm

over 10k had it maxed when I was self employed. paid off every month now thankfully!

Qrt · 25-05-2023 9:01pm

https://www.boards.ie/discussion/comment/120640120#Comment_120640120

Celtic Tiger stuff was insane, my mother has a letter upstairs she received off a bank in 2005 offering a preapproved, no questions asked loan of 30k. All she had to do was sign and send it back. Insanity!

Qrt · 25-05-2023 9:03pm

https://www.boards.ie/discussion/comment/120640293#Comment_120640293

not sure for regular folk, but my student one was fairly non-invasive as an application. I don't even think they asked me if I had a job?

Atlantic Dawn · 25-05-2023 9:15pm

https://www.boards.ie/discussion/comment/120640764#Comment_120640764

Yes I remember getting a pre-approved loan for €15k in the post from a bank I didn't even have an account with 😁.

Jim2007 · 26-05-2023 7:05am

https://www.boards.ie/discussion/comment/120640051#Comment_120640051

And yet you have now posted twice without doing so, even though you are the one asking the question.... ;-)

Jim2007 · 26-05-2023 7:08am

https://www.boards.ie/discussion/2058297936/whats-your-credit-card-limit

It's less risky to lend five people 5k than to lend one person 25k and the amount is being underwritten on top of that, so the person granting you the limit does not have much to loose.

TheIrishGrover · 26-05-2023 7:28am

What are the three numbers on the back of your card and your mother's maiden name?

Lewis_Benson · 26-05-2023 7:56am

Jaysus, a guard wouldn't ask you that!

Jim2007 · 26-05-2023 2:07pm

Closing this thread as it does not relate to a specific financial product or issue.

What's your credit card limit?

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