I wanted to know why Bank of America raises my credit limit--I got an $800 card a while back and it went to $1300, then $3000, then $3300 by itself, without anyone ever asking me. PenFed offered me $15000 but I declined, went for $3000 instead (I wanted to consolidate my accounts under the credit union--plus that card is 9% APR).
Curious, I asked Google about these automatic credit line increases.
What I found was a bunch of people with scores like 563 and 528 talking about their $14k, $18k, $25k credit cards--just one card with a $25,000 limit--and how they called the bank and got an increase of $5k in 10 minutes.
My credit score is 783.
Okay folks, what's about normal for you for a single credit card limit? Why do all these broke bastards who can't pay their bills have cards half the size of my mortgage?
Seriously. $25,000 credit cards. Man I'm thinking on closing the BoA one, $3000 is good for me.