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View Poll Results: How Much Available Credit Do You Have

Voters
26. You may not vote on this poll
  • I Don't Use Credit Cards

    2 7.69%
  • $-0- thru $2,000 Available Credit

    0 0%
  • $2,001 thru $5,000 Available Credit

    0 0%
  • $5,001 thru $10,000 Available Credit

    0 0%
  • $10,001 thru $20,000 Available Credit

    4 15.38%
  • $20,001 thru $30,000 Available Credit

    2 7.69%
  • $30,001 thru $40,000 Available Credit

    4 15.38%
  • $40,001 thru $50,000 Available Credit

    2 7.69%
  • $50,001 thru $60,000 Available Credit

    0 0%
  • $60,001 thru $70,000 Available Credit

    1 3.85%
  • $70,001 thru $80,000 Available Credit

    1 3.85%
  • Over $80,000 Available Credit

    10 38.46%
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Thread: Poll: How Much Available Credit Do You Have

  1. #1


    0 out of 3 members found this post helpful. Did you find this post helpful? Yes | No

    Poll: How Much Available Credit Do You Have

    I was just checking my FICO credit scores. I have excellent credit ratings with FICO scores over 800. However, when I looked at the six main factors that determine FICO score I discovered they are all excellent ratings except for amount of available credit. I do have over $30,000 in available credit which I thought was a lot considering I only spend between $1,000 and $2,000 a month on credit cards. However, they only labeled this factor as "good" so I assume a lot of folks have much higher credit limits. I also have 100% on time payments and always pay my balance in full every month.

    Anyway, I thought a poll might be a good way of seeing how much available credit members of the blackjack community have.

    Note: This poll does not disclose your handle.

  2. #2


    Did you find this post helpful? Yes | No
    Quote Originally Posted by Midwest Player View Post
    I was just checking my FICO credit scores. I have excellent credit ratings with FICO scores over 800. However, when I looked at the six main factors that determine FICO score I discovered they are all excellent ratings except for amount of available credit. I do have over $30,000 in available credit which I thought was a lot considering I only spend between $1,000 and $2,000 a month on credit cards. However, they only labeled this factor as "good" so I assume a lot of folks have much higher credit limits. I also have 100% on time payments and always pay my balance in full every month.

    Anyway, I thought a poll might be a good way of seeing how much available credit members of the blackjack community have.

    Note: This poll does not disclose your handle.
    I did not understand your question when I voted that I had over $80k. I have no idea how much credit is available to me. I have equity in my home.

    I use credit cards, charge about $1-2$k each month, pay it all of monthly. My cars are paid off. My credit cards have a $10k max but I regularly get offers to extend my credit amount that I ignore cause Zi don’t see myself needing more.

    Sine, like me, you are retired, wonder why it’s important to you? Seeking a mortgage in warmer climes?

  3. #3


    1 out of 2 members found this post helpful. Did you find this post helpful? Yes | No
    Quote Originally Posted by ZeeBabar View Post
    I did not understand your question when I voted that I had over $80k. I have no idea how much credit is available to me. I have equity in my home.

    I use credit cards, charge about $1-2$k each month, pay it all of monthly. My cars are paid off. My credit cards have a $10k max but I regularly get offers to extend my credit amount that I ignore cause Zi don’t see myself needing more.

    Sine, like me, you are retired, wonder why it’s important to you? Seeking a mortgage in warmer climes?
    Who is Zi? One of the voices in your head? Does he know Basic Strategy?

  4. #4


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    Quote Originally Posted by Counting_Is_Fun View Post
    Who is Zi? One of the voices in your head? Does he know Basic Strategy?
    Seems like you are the only one who cannot spot simple typing errors. There are so many forum members and only one, you, seem to not comprehend my post. Young people are prone to obsessions.

  5. #5
    Random number herder Norm's Avatar
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    I think they used to dislike too much available credit. But one factor used nowadays is percentage of available credit in use. Even if you fully pay off all credit cards monthly, you still have outstanding CC debt at any point. Therefore, larger available credit decreases the percent used, which improves FICO.
    "It is impossible to begin to learn that which one thinks one already knows." -Epictetus

  6. #6
    Senior Member drunk's Avatar
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    .................................



    MWP:




    how about starting a poll on how many times a week you bada bada bing........................................





    inquiring minds want to know
    90% of the game is half mental

  7. #7


    Did you find this post helpful? Yes | No
    Quote Originally Posted by drunk View Post
    .................................





    MWP:




    how about starting a poll on how many times a week you bada bada bing........................................





    inquiring minds want to know
    Once a day. Twice on Sunday.

  8. #8


    Did you find this post helpful? Yes | No
    Quote Originally Posted by ZeeBabar View Post

    I use credit cards, charge about $1-2$k each month, pay it all of monthly. My cars are paid off. My credit cards have a $10k max but I regularly get offers to extend my credit amount that I ignore cause Zi don’t see myself needing more.

    Half of my cards I get my credit lines extended every year without even asking.

    Having the higher limit helps lower your utilization ratio.

    Also having a card with an obscenely high limit can be useful if you're doing international travel...50k will probably get you a medevac from anywhere to Australia, Germany, or the US, depending on where you are and the severity of your injury, if something were to happen.

  9. #9


    Did you find this post helpful? Yes | No
    Quote Originally Posted by ZeeBabar View Post
    I did not understand your question when I voted that I had over $80k. I have no idea how much credit is available to me. I have equity in my home.

    I use credit cards, charge about $1-2$k each month, pay it all of monthly. My cars are paid off. My credit cards have a $10k max but I regularly get offers to extend my credit amount that I ignore cause Zi don’t see myself needing more.

    Sine, like me, you are retired, wonder why it’s important to you? Seeking a mortgage in warmer climes?
    Sorry Zee, I should have specified credit card available credit. What I was looking for was really the amount of credit you have available that is used in determining one's FICO score. So it doesn't have to be just credit card available credit, it can be a unsecured line of credit you opened up or a secured line of credit like a home equity line of credit. However, like most of us who have equity in our homes unless you have opened up a line of credit that isn't considered in you FICO score.

    At one time, I did open up an unsecured line of credit. Rates were much less than credit card rates, and back then it was free. When they started charging a yearly fee for it I dropped it.

    One of the main reasons you want good credit even though you don't need it, is because insurance companies often use credit scores in setting rates for car and homeowners premiums. I'm in the top discount bracket. However, I just got screwed because MI just passed a law banning the use of credit scores in setting rates so my insurance premiums will probably rise next renewal date.
    Last edited by Midwest Player; 01-21-2020 at 10:35 PM.

  10. #10


    Did you find this post helpful? Yes | No
    Quote Originally Posted by ZeeBabar View Post
    I did not understand your question when I voted that I had over $80k. I have no idea how much credit is available to me. I have equity in my home.

    I use credit cards, charge about $1-2$k each month, pay it all of monthly. My cars are paid off. My credit cards have a $10k max but I regularly get offers to extend my credit amount that I ignore cause Zi don’t see myself needing more.

    Sine, like me, you are retired, wonder why it’s important to you? Seeking a mortgage in warmer climes?
    Zee, lets say you have 3 credit cards each with a $10,000 max credit limit. That is a total of $30,000 in credit, but lets assume most of the time you have about $1,000 outstanding on your credit cards so your available credit then is $29,000.

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