Money Tips: Favorite Credit Cards and Credit Limits

Posted On: January 14, 2007

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Favorite Credit Cards and Credit Limits
Posted: Sun Jan 14, 2007 5:07 pm

hate2work wrote:
zb1965 wrote:
chriswufgator wrote:
Why would you NOT want a high limit on a card?

You don’t understand mouse’s post. He has high limits already. He is just not willing to disclose it because people ask strange questions.

The only reason I can think of to keep your CL low is if you’re going to buy a house anytime soon. The mortgage company may look at your high CL and say that you have the potential to get yourself into too much debt, and then you might not be able to pay the mortgage payment. You might be denied the mortgage you want in that case.

…and you CAN get $100,000+ a month after closing

THEN WHAT WILL THE MORTGAGE COMPANY SAY THEN???

NOTHING

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Sun Jan 14, 2007 5:08 pm

AVAILABLE CREDIT IS NOT DEBT

Guest: newyearsday1985
Credit Expert (100+ Posts)
Posted: Wed Jan 17, 2007 7:58 pm

Mine in order are:

1. Household Bank Gold (2% cash back on everything) Limit $3,200
2. Chase Cash Plus (5% Gas, Supermkt, Pharmacy) Limit $2,000
3. Citi MTVU (5% restaurant, bookstr, movies) $6,400

My fav cards have superior cashback/rewards but low credit limits.
The ones I have a high credit limits have poor rewards.
As I pay in full every month and don’t do transfers, cashback/rewards is the only criteria I base my fav cards on.
_________________
“If there is hyperinflation, I don’t feel safe having my money in the bank. I need it to be right with me under the mattress”…. Leftie said in 1998

Guest: Peachkiwi
Posted: Thu Jan 18, 2007 2:28 am

Bank of America World Points $37,000
Chase Rewards Plus $22,500
Discover $17,000