Prairie~Phlox Posted September 4, 2008 Share Posted September 4, 2008 Meaning you and you S/O combined and meaning major credit cards, not house loans, car loans, things like Visa, Mastercard, Discover, American Express. Not your debt, but the open credit. Quote Link to comment Share on other sites More sharing options...
JFSinIL Posted September 4, 2008 Share Posted September 4, 2008 No idea - probably over $50,000 with all the credit cards. Certainly do not intend to use it! Quote Link to comment Share on other sites More sharing options...
jmgconner Posted September 4, 2008 Share Posted September 4, 2008 $0! We follow Dave Ramsey and closed all our accounts last year. Quote Link to comment Share on other sites More sharing options...
Gailmegan Posted September 4, 2008 Share Posted September 4, 2008 Ridiculously too much!!! We have such good credit that the limits on our credit cards are absurd. I know one of them is $15,000 and another is $6,000. I'm not sure about all the store cards. Thankfully we only charge what we know we can pay in full every month, but it sure could be tempting, YKWIM? Quote Link to comment Share on other sites More sharing options...
Mom to Aly Posted September 4, 2008 Share Posted September 4, 2008 Well, my xh ruined my credit when he left, and I filed bankruptcy, and am still paying off chapter 13, so I have a whopping, are you ready, $250!!!! I pay it off every month, so that I have no interest, then use it again--the true revolving credit plan :). Quote Link to comment Share on other sites More sharing options...
Kari C in SC Posted September 4, 2008 Share Posted September 4, 2008 Ridiculously too much!!! We have such good credit that the limits on our credit cards are absurd. I know one of them is $15,000 and another is $6,000. I'm not sure about all the store cards. Thankfully we only charge what we know we can pay in full every month, but it sure could be tempting, YKWIM? Yep! That is us. I have no idea, but I am guessing $50,000 or so. Quote Link to comment Share on other sites More sharing options...
nutmeg Posted September 4, 2008 Share Posted September 4, 2008 1 credit card with $4k limit. Rarely used, as we are DR fans. Quote Link to comment Share on other sites More sharing options...
Jennifer3141 Posted September 4, 2008 Share Posted September 4, 2008 I've got about $1500 in credit card debt. I pay it off every month. Quote Link to comment Share on other sites More sharing options...
elegantlion Posted September 4, 2008 Share Posted September 4, 2008 Zippo. We do not use credit cards. We have a mortgage, one car almost paid for and a few small amounts of business debt, but that is it. I remember when I was 19 (late 80's) had over 15k in accessible credit and made 3.50 an hour. Ridiculous. Quote Link to comment Share on other sites More sharing options...
Prairie~Phlox Posted September 4, 2008 Author Share Posted September 4, 2008 guess I should answer my own, we have $4,000 credit limit on one card that we keep for emergencies. We rarely have much on it, and pay it off unless it's a true emergency, then it might take us several months to pay it off. I started this as a regular poll, but something happened and it didn't go through. I had it set up n increments of $1,000. Phlox Quote Link to comment Share on other sites More sharing options...
Prairie~Phlox Posted September 4, 2008 Author Share Posted September 4, 2008 No idea - probably over $50,000 with all the credit cards. Certainly do not intend to use it! Wow, that's a lot, we don't keep much because I'd worry that someone would use it. Quote Link to comment Share on other sites More sharing options...
Prairie~Phlox Posted September 4, 2008 Author Share Posted September 4, 2008 Ridiculously too much!!! We have such good credit that the limits on our credit cards are absurd. I know one of them is $15,000 and another is $6,000. I'm not sure about all the store cards. Thankfully we only charge what we know we can pay in full every month, but it sure could be tempting, YKWIM? We used to have that much too and closed the accounts because of theft concern. Quote Link to comment Share on other sites More sharing options...
Parrothead Posted September 4, 2008 Share Posted September 4, 2008 Between the two of us we have about $3000.00. I"m hoping to have them paid off soon. Quote Link to comment Share on other sites More sharing options...
mcconnellboys Posted September 4, 2008 Share Posted September 4, 2008 We could have a ton if we'd take all the cards that get sent to us each month. Because we own our home and cars, we tend to get deluged with offers for credit. We don't want to worry about keeping up with more than one card each, though, and I'm not even sure what our limits are on those cards. Quote Link to comment Share on other sites More sharing options...
chiguirre Posted September 4, 2008 Share Posted September 4, 2008 Wow, that's a lot, we don't keep much because I'd worry that someone would use it. The cardholder's liability is limited to $50 in case of fraud. The issuing bank is the one that loses if someone steals your card or your number. Debit cards are much more risky than credit cards in this respect. Quote Link to comment Share on other sites More sharing options...
mycalling Posted September 4, 2008 Share Posted September 4, 2008 We had over $16,000 in credit and maxed them out in a year when starting my husband's business. We paid them off from refinancing our home and but them up over 5 years ago and have never owned another cc since. We've contemplated getting one for emergencies, but I'd worry DH would spend too much. Quote Link to comment Share on other sites More sharing options...
Heather in the Kootenays Posted September 4, 2008 Share Posted September 4, 2008 We probably have $50,000 and would never use close to that. However, it isn't even tempting. Quote Link to comment Share on other sites More sharing options...
Prairie~Phlox Posted September 4, 2008 Author Share Posted September 4, 2008 The cardholder's liability is limited to $50 in case of fraud. The issuing bank is the one that loses if someone steals your card or your number. Debit cards are much more risky than credit cards in this respect. yeah, but just the hassle of having to deal with that if it did happen. Oy, oy, oy. Phlox Quote Link to comment Share on other sites More sharing options...
Tracey in TX Posted September 4, 2008 Share Posted September 4, 2008 Not really sure what our credit limit is--it is at least $50,000. Visa raises it periodically unbeknownst to us. We pay off our credit cards monthly, so I don't worry much about it. (I remember one month being offered $250,000 in credit cards. Our annual income was only $30,000 then. I have contempt for unrequested credit cards. It's a financial disaster waiting to happen.) Quote Link to comment Share on other sites More sharing options...
Amy in NH Posted September 4, 2008 Share Posted September 4, 2008 None. We don't own any credit cards. But I won't mention the student loans I'm wracking up in grad school. :rolleyes: Quote Link to comment Share on other sites More sharing options...
LisaKinVA Posted September 5, 2008 Share Posted September 5, 2008 About $20k in OPEN credit (that means, not used). We have two accounts that we are going to close, and will just have a MC, a VISA and a Discover... I do have a couple of store cards I use when those extra bargain days roll in (extra 10% off sale price... :D) But, they get used like, twice a year and paid off immediately. Quote Link to comment Share on other sites More sharing options...
KidsHappen Posted September 5, 2008 Share Posted September 5, 2008 My dh has two credit cards that he uses for his traveling expenses related to his job as a consultant. He pays them off every time he is reimbursed for expenses. We do not have any credit cards for personal use. Unfortunately we do have a mortgage, car payment and student loan debt. Our cars frequently get paid off but I don't know if I will live to see the end of the mortgage and student loan payments. Quote Link to comment Share on other sites More sharing options...
CookieMonster Posted September 5, 2008 Share Posted September 5, 2008 We have one card we use regularly and pay off completely every month. This card loves us and was raising our credit limit by thousands of dollars every six months. That was ridiculous. So we called them and told them we wanted it capped at a certain amount. We have two, maybe three other credit cards for specific stores that dh 'just had to have' but have been used once just for the initial purchase. So, I guess all together our open credit would total somewhere between $10,000-$15,000. Quote Link to comment Share on other sites More sharing options...
mysticamethyst Posted September 5, 2008 Share Posted September 5, 2008 None. We don't have any credit cards and we like it that way. We live paycheck to paycheck as it is I can't imagine having another bill. We have house, 2 cars 1 will be paid off in Dec. and my student loan. We were thinking of getting one but have decided against it. Quote Link to comment Share on other sites More sharing options...
Rosie_0801 Posted September 5, 2008 Share Posted September 5, 2008 Not a thing. We are able to use our savings account cards as credit cards for the purpose of buying books from Amazon and whatnot, but it's our own money. I think dh's account can go about $50 into overdraft, if that counts. I wouldn't know if mine can. Not being the proud owners of a mortgage as yet, we don't have any debt. We bought the car outright. :) Rosie Quote Link to comment Share on other sites More sharing options...
PariSarah Posted September 5, 2008 Share Posted September 5, 2008 I've closed all but one of our credit accounts, and I think the remaining one has a pretty low balance. Don't know why--our credit is so good, our mortgage guy asked us if we wanted it in $10s and $20s in a paper bag, or just in an immediate bank draft. We only took out half the mortgage we qualified for. That's not really open credit, but it gives me a pretty good idea of the kind of credit I could have open, if I were just an ounce dumber. :D Quote Link to comment Share on other sites More sharing options...
chiguirre Posted September 5, 2008 Share Posted September 5, 2008 yeah, but just the hassle of having to deal with that if it did happen. Oy, oy, oy. Phlox We've had our cc number ripped off twice. It was no hassle at all. The bank called to verify charges that turned out to be fraudulent so they cancelled our card and sent a replacement within a couple of days. We didn't even lose the $50. OTOH, I would never use a debit card because you can lose your balance. Quote Link to comment Share on other sites More sharing options...
Desert Rat Posted September 5, 2008 Share Posted September 5, 2008 I'd say about $25,000. But we never carry a balance unless it's a no-interest/no-payment for 12mos type of deal. We pay in full every month. Quote Link to comment Share on other sites More sharing options...
Melinda in VT Posted September 5, 2008 Share Posted September 5, 2008 I had to look it up. :blushing: DH and I each have a credit card (separate accounts), with a combined credit line of $13,500. We don't carry a balance. I used to have a much higher balance, but I gave it up for Amazon points.:lol: Quote Link to comment Share on other sites More sharing options...
Alison in KY Posted September 5, 2008 Share Posted September 5, 2008 none, no credit cards here for the past 8 years or so (yep, Dave Ramsey strikes again). And yes we're debt free, but we still don't have wealth since it's a one income home. Alison in KY Quote Link to comment Share on other sites More sharing options...
Kari C in SC Posted September 5, 2008 Share Posted September 5, 2008 We probably have $50,000 and would never use close to that. However, it isn't even tempting. That is us too. As I said above, we probably have that much open - not in use. We pay our balance off each month. The one credit card we use is used for everything we purchase. I pay it off once every two weeks or so. It has a credit limit of like $22,000. I didn't ask for that amount of credit, they just up it at least once a year without me asking. Quote Link to comment Share on other sites More sharing options...
Kari C in SC Posted September 5, 2008 Share Posted September 5, 2008 About $20k in OPEN credit (that means, not used). We have two accounts that we are going to close, and will just have a MC, a VISA and a Discover... I do have a couple of store cards I use when those extra bargain days roll in (extra 10% off sale price... :D) But, they get used like, twice a year and paid off immediately. I do this with Kohl's. I pay with my Kohl's store card to get the 15% to 30% off. Then I buy a gift card with my VISA right there at the register and pay off the Kohl's card. This way I not only get the discount, I get my VISA points and I pay my VISA off in full each month. Quote Link to comment Share on other sites More sharing options...
Elisabeth in IL Posted September 5, 2008 Share Posted September 5, 2008 Too much!! I think we have about 15,000-20,000. Quote Link to comment Share on other sites More sharing options...
Pamela H in Texas Posted September 5, 2008 Share Posted September 5, 2008 zero. We've never had a credit card or anything. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.