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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Wait... how the fuck is it considered debt? I've never heard of that. Is it only for high amounts? What amount does that start at? A $150k CC with $0 balance is using 0% of available credit. (for you non-math majors)