Quote:
Originally posted by psyko514
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.
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interesting. yeah, the reason they said they could offer me any amount i wanted, was net worth. i'm still feeling pretty stunned lol. like, would they extend me 500K, 1 M? shit, i could buy my next house with a creditcard.
so basically others will look at me like i have a 150K loan now?