When you get your credit card statement do you look at what your credit limit is?

[AlCzervik]

admittedly i did not until this morning, i paid of my MBNA card a few weeks ago and got the statement to day when i noticed my credit limit and i went :wow: and thought that this is how people can get into to trouble.

[Dora]

1. I just received my first credit card yesterday.

I've never applied for one before, so I recently accepted an offer for a decently low-rate credit card with no annual fee.

It came in yesterday's mail, and when I saw the credit limit I immediately started spending it my mind.


Then I put the card away in a place that's not my wallet.

[AlCzervik]

2. we had 3 at one point and dug ourselves quite a hole that took about 8 years

to get out of so i try not use credit cards unless it's for a car rental or airline tickets.

[LSK]

3. I have had the same card since 1996.

Its well over 30,000. I usually charge less than $100 a month. The most that I ever charged was $1300 when my car broke down on vacation a few years ago.

[bicentennial_baby]

4. Nope, my limit never changes...

It's only $3000. And I'm trying to pay it off so I can cancel the f'n thing. All I look at is the amount underlimit, so I know how far I have to go.

[CreekDog]

5. The scary one is the credit card for my Home Equity Line

I don't think I even activated that one. :wow:

[AlCzervik]

6. i called my bank and told them to please not increase my limit again "Why"

Why?