What credit limit do you have on your credit card?

[Caramel78]

What credit limit do you have on your credit card and do you regularly use your card or just have it as a back up for emergencies?

I have one credit card with a £1500 limit. I pay it off every month but I only ever put about £200 on it because I don't like having debt

About 27k on three cards. All 0%

Two with low balances. Clearing up the last of my youthful mistakes.

The third has a limit of 10k and I use it for my train season ticket and car parking for work which comes to nearly 7k. It's always paid off before the 0% ends.

The reason for my personal fascination with having access to credit is because many years ago I ended up homeless. I had no credit card, and sank deeper and deeper into the hole of homelessness. If I had simply had a credit card, I could have put accomodation on that and gotten my arse to work. Since I didn't, I slept on the streets and couldn't work (no showers etc.). So it means a lot to me to have access to credit. It's my life buoy so to speak. I also like having the facility there for if things go terribly tits up in any way, that I will have access to money. My family aren't the generous sort who would loan you a grand in dire need, so I'm all I've got really. In fact my father's logic while I was homeless, living on the streets was 'well there's no point giving her money - she'll just spend it'. Think of that what you will.

My father would have been chief mourner at my funeral though, had I been stabbed to death..... Bastard. I am NC with him now.

So I think it's important to have some credit open to you and will be encouraging my children to be careful with money while also obtaining credit. And for what it's worth, I'd max out all my credit to get my child off the streets.

One card with £8,500 limit. I usually put £1,500 on it but clear it every month. At the moment I have quite alot on it from our 'once every two years' trip over Christmas but I'll clear it in four months or so.

I actually didn’t even know you could get cards with such a high limit. Mine is ‘only’ £4K. I use it for everything but pay off the full amount each month.

Up until recently I collectively had over £60k available on credit cards but I’ve been going through the process of shutting some down. Ended up with so much as others have said due to lenders continually putting limits up and also when I did have some credit card debt I moved it around using 0% transfer offers and didn’t close the old ones. We only need one to use when abroad that gives a good exchange rate so is zero balance most of the year and paid off in full when we get back from holidays and we use a Tesco one to book holidays on to get the insurance cover and collect the points, sometimes use it for other big purchases for the same reason but always pay it off straight away. We’re a bit fed up of going to Pizza Express with the club card vouchers though so going to change to a card we get air miles with, Virgin’s is apparently good - got a colleague who has just booked return upper class Virgin flights to New Orleans after saving up miles for a couple of years by putting everything she possibly could on her card every month and then clearing it. Definitely worth doing if you’re organised and disciplined enough to always pay it off/not go mad with the credit.

I’ve started closing old cards because a) there’s no point having them but also b) because we’ll be moving house later this year and I’ve read that while it’s good to have some credit available to you which shows that you aren’t maxing out your limit if lenders see that you have a huge amount of credit available to you which you could technically go and run up tomorrow if you wanted it can reduce the amount they’ll lend you.

I do think the limits offered are ridiculous though as others have said. One of the cards I haven’t used for years wrote to me at the start of the year saying that they were increasing my limit from £12.5k to £17.5k 😮 I can’t imagine what they think I’ll run out and buy with that but also find it quite cynical that a lot of credit card companies seem to get in touch post-Christmas with limit increases probably in the hope that you’re skint and will run up some debt with them.

No credit limit on my American Express but over 20K on my other credit card.

Mine is almost equal to my annual salary, which is ridiculous. But i use it and pay it off. I'm a bit reluctant to ask them to reduce the credit limit in case they suddenly decide that I must be having money trouble and withdraw the card. I like it for the perks it builds up. And for safer online shopping. But I pay for something with the card, then take out my phone and make a payment to my credit card for that amount there and then, so that I'm not tempted to see the bill at the end of the month and think 'sure I'll just pay some of it this month and some next month' because I've been in debt before (due to sudden unforeseen redundancy) and it took years to get out of it, so I'm not going back there.

I had 3 but recently transferred all to a 0% card , balance £5k limit £8k but I'm hoping to pay that off before the 0% runs out if not I'll transfer again. I've got rid of the other 3 as I'm dreadful and will use them again otherwise

Amex card has no limit but must be paid off in full each month, we use this card all the time for air miles. We also have Barclaycard which has a 15K limit no balance and Lloyd's 12k limit with no balance. John Lewis card 10k which has about £700 pounds on it from Christmas which will be paid off this month. We've had these cards a long time now and I don't think they give these limits out like they used to.

I have one card, limit is £3k. They regularly ask if I want it increased and I say no. I use it for most purchases and some bills (and tesco points) and it is cleared every month automatically by direct debit.

No credit limit on our Amex cards (we have them in the US and the UK).
I called them in the US once as we were buying a new car and wanted to be 100% sure the payment would go through and they said they had a soft limit of $80,000 and up to that wouldn’t ask any questions at all.

I no longer have a credit card, I tore it up when I retired about fifteen years ago. I would never let the limit go higher than £500. Every couple of months the bank would write telling me they were going to raise the limit and I would write back saying no.

How times change. Some of the limits on here sound insanely high. It's great if you pay them off monthly but what a nightmare for those who don't.

I have 2 cards, £8K and £12k limits. I use them for all my spending instead of a debit card, that way I have only one bill on the 1st of the month in addition to my standing orders and DD.

One with 13.5k and one with 17.5k limits.

I use them now and again when it's easier or safer to do so. Plus when I want to clearly see how much I have spent on something specific such as Christmas. I would use a cc for all Xmas spending so it's clear how much I have spent. Plus things where I am going to claim back costs like business expenses and vet bills.

Basically anything where I consider the spend a bit different to may normal bills and spending - it gives me a different pot just to keep this spending separate.

Every six months one of the banks raises the limit on one a bit more. Don't really know why and hate calling to have it reduced plus don't see it as a risk really.

£33,500 across 4 cards although some empty, highest limit is £11,500 on Barclays with zero balance

I have some with £10k limits and 1 with 15k. I use mine all the time and for everything. But my key rule is to never pay interest. Fee free interest free balance transfers are genius as is interest free purchases. I don’t have car finance and I have even paid large chunks of my mortgage using the cards. Like they key is to never pay interest or a fee.

I have quite a collection of credit cards for different uses.
Cashback card 1 £4000 (cancelling this due to new fees), so just got:
Cashback card 2 £12000 - Amex so can't be used everywhere so just signed up for:
Cashback card 3 £1200
Abroad spending card £2800
Old card £6000, had decent limit for big purchases
Money Transfer card £2000.

I don't really use the last three cards and will be cancelling the first so will be using the 2 cashback cards for everything.

We have two joint CC both with insanely high limits
We are again people who pay them off monthly except when we got married we got a 0% interest for a year one and interest rates on our savings back then were still good so only paid that off at the end of the year so we made a bit of cash.
We are also lucky enough to have been offered far bigger multiples on our mortgage than we needed - brokers were actively trying to get us to borrow a lot more.
Thing is if you are lucky enough to be in a position to not need it, credit is readily available. Once you really really need it, it becomes much much harder.

£5k

Have a balance of a couple of hundred quid - I use it for online purchases I want to try on but might return. If I keep then I pay off at the end of the month.

We also use it to book holidays/flights etc.

It's not ever used for essentials.

I think ours has a limit if around £10k. We use it for practically all spending and pay it off in full each month. We get cash back.... quite a big amount every six months!

£30,000, £25,000, £22,000, £15,000 and not sure of the other one.

2 cards, 1 has a limit of £2k, the other a limit of £2750. They are primarily for purchases abroad and are paid off in full every month.

5k
but have never reached that.
only use it for internet purchases and pay it off in full each month.