Do most people really have credit cards with 20-30k limits? (pay, increase)

[deepwater88]

I've always been curious as a soon to be college grad considering continuing with an MBA in finance, about credit card trends in the US. In otherwords, are a lot of americans walking around with like 3-5 chase cards discover etc lol with HIGH credit lines like 20k+? Or is this a thing of the past (pre-recession)?

Also, what is a realistic limit to expect or ask for on first card. Ideally I'd like a limit no less (or more) then 10-12k. And 2 cards.

[NJBest]

My highest credit card limit is $29,900. My lowest credit card limit is $7,700. My charge card's limit is "unlimited" but there's fine print.

My first card ever had a limit of $1000, if I remember correctly.

I'd imagine most people start out with low limits and those who don't abuse it end up with high limits down the road.

[Tallysmom]

My first card was 400 bucks. In 1981. Back when they didn't give them to students, but I had been working for two years AND going to school.

But I think all my main cards are in the 20-40K range.

[pinipig523]

First card for me was probably $500.

Now, my max is low 20s. I have 2.

I haven't asked for an increase in 4 years, I'm sure I can push it much higher.

[Pitt Chick]

Originally Posted by deepwater88

I

Also, what is a realistic limit to expect or ask for on first card. Ideally I'd like a limit no less (or more) then 10-12k. And 2 cards.

Your first card will have a low limit. It will increase as you prove you are worthy of more.

[CSD610]

My Grandparents never had a card with a limit and I have one card for my business that I have set at a very low limit and I rarely use it. We pay cash 99% of the time we purchase or repair anything.

[Penga25]

first card was like 1000 or something like that and my 2 main cards are both in the 20k range now and anything i charge is paid off at the end of the month in full. I have never asked for an increase, I've just got surprise letters every once and a while congratulating me. interestingly though, even though my credit is near perfect i have a capitol one card from way, way back that i haven't closed due to the length of time its been opened and its currently got a $300 limit.

[Dollydo]

First card $300, highest limit now $50k. Way too much, don't need or use it.

[Tom2020]

Highest is about $20K, but I do not want any one card to be higher, and also I limit my total "available credit" so that is does not negatively affect my credit rating.

[no kudzu]

I waited as long as possible to get my first cc out of college. But since i financed a car and had good credit I think my limit was 2-3K. Now in retirement we have several cc with 20k+ limit. We rarely use them as we pay cash for most things . But we keep them for extreme immediate emergency- so we don't have to liquidate savings or stocks or savings of other kinds. Right now I can't imagine what kind of emergency that would be- maybe a fire or flood or hurricane.