What's your highest credit card limit?

$35k MBNA World Elite MC

$5500 C1 Costco MC. Not sure we've ever used half of it though. Never had a reason to ask for more.

No limit on AMEX Biz Gold. Lol

34k
BMO

Wow, I'm in the bottom 3%. What are you guys buying that you need such a high limit?

Spiritwalker2222 wrote: ↑ Wow, I'm in the bottom 3%. What are you guys buying that you need such a high limit?

Lolz.

Many of us have cards for over a decade and the bank keeps increasing CL.

I have shy of $30k between two MBNA cards combined (can move CL between the cards any time).

Got $20k between two TD cards combined. Unfortunately, can't move CL between TD and MBNA (although they should add that feature down the road).

I don't have CC's with anyone else for now.

Not sure if I clicked the right one....I clicked the 20K to 30K, could have clicked 30K to 50K?

Obviously mine is 30K exactly. (actually, $30,000.05 cuz somehow I overpaid...)

Amex SPG 35k, the card that I will keep forever.

C1 GOLD-$1000
BMO Preferred Rate-$2500
CT Options-$3500
RBC CashBack MC-$1000
CIBC Dividend Platinum Visa-$
Scotia Momentum Visa-$2000

Way far back when I first started credit I had $10500 RBC Preferred Visa, $5000 MBNA Melaleuca PP & $2500 TD GM Visa.

20k RBC Low Rate Visa

EdisonL299 wrote: ↑ Amex SPG 35k, the card that I will keep forever.

Hmm curious, is it just for the high CL? No annual benefits really to speak of... or do you travel/spend enough to make use of the SPG Gold / free weekend night?

sports1 wrote: ↑ Hmm curious, is it just for the high CL? No annual benefits really to speak of... or do you travel/spend enough to make use of the SPG Gold / free weekend night?

Amex SPG is my main card, so it easily reaches 40k a year. Yup, SPG Gold + free weekend night. Plus, you earn at least 1 SPG point per $ spent. I value it at 4 cents each, so it equals to 4% back on everything. Which card can give me this kind of RICH return? None.

Well worth the $120 annual fee.

EdisonL299 wrote: ↑ Amex SPG is my main card, so it easily reaches 40k a year. Yup, SPG Gold + free weekend night. Plus, you earn at least 1 SPG point per $ spent. I value it at 4 cents each, so it equals to 4% back on everything. Which card can give me this kind of RICH return? None.

Well worth the $120 annual fee.

Interesting! Do they allow credit type switch or I have to do new app?

EdisonL299 wrote: ↑ Amex SPG is my main card, so it easily reaches 40k a year. Yup, SPG Gold + free weekend night. Plus, you earn at least 1 SPG point per $ spent. I value it at 4 cents each, so it equals to 4% back on everything. Which card can give me this kind of RICH return? None.

Well worth the $120 annual fee.

Hm, interesting... how do you use the points for you to determine a value of 4cpp?

barmadrid wrote: ↑ Interesting! Do they allow credit type switch or I have to do new app?

I believe you need to submit new app. Good thing is you will get welcome bonus.

sports1 wrote: ↑ Hm, interesting... how do you use the points for you to determine a value of 4cpp?

I use the points for hotels as I have never transferred to other programs. A quick example: New York, July 23-29, 2 adults, you can get one night at a category-2 hotel as low as 3666 points (186 USD after tax). That is a solid 6%+ return.

The rule of SPG is to redeem when it rate is good, and you need to define what the definition of 'good' is. It's as simple as that.

10-20k

I'm guessing a lot in the bracket are like me, and when they receive notice they are approved for more on top of that, they question "but why?".

I just can't play out a scenario where I need more. Biggest expense so far on a CC was $7000 down-payment for a vehicle so that I could rack up 7000 points. Then paid CC bill as soon as they would let me.

tehwegz wrote: ↑ 10-20k

I'm guessing a lot in the bracket are like me, and when they receive notice they are approved for more on top of that, they question "but why?".

I just can't play out a scenario where I need more. Biggest expense so far on a CC was $7000 down-payment for a vehicle so that I could rack up 7000 points. Then paid CC bill as soon as I could.

Last year I had 15 friends/relatives coming to visit us from another country and I needed to pay the vacation for them first then they paid me back later. Total cost is above 30k for 20 people. I love high CL because I have ability to earn more rewards.