Quote:
Originally posted by quiet
i just got off the phone with mastercard, they told me i could have whatever limit increase i wanted. so i said (half-jokingly) for 150K, they said no problem. i'm still laughing. unbelievable. also said once i get comfortable with that, they can go much higher.
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lol... nice. obviously, your net worth comes into play.
just keep this in mind when you're applying for credit elsewhere: a $150K credit card is seen by creditors as a $150K debt, even if your balance is $0.
that may not affect you, but it affects all the people who've got 4-5 unused credit cards in their wallet.
"But CIBC just gave me $15K and BMO just gave me $12K. Why can't you raise my limit to $10K?" is a question I heard on a near-daily basis.