Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Cards
Profile Image

Question By
a1jack7

0 Contributions
0 People Helped
setting a credit card limit
How do I set a credit limit so that I don't get an increase to a higher limit? I want to stay within a certain range so that I don't over spend. With each increase I'm tempted to spend more than I need and I don't need to get in debt just because my score incresed.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
7362 Contributions
3808 People Helped

Need to develop a bit of self-discipline to handle this.  You certainly do not want to deny the credit you have earned by showing responsible money handling.  My credit union has automatically increased my credit limit by $3000 twice, giving me a total credit limit of over $16,000.  I'm at just over $2000 and working to pay that off.  Not liking continuing debt is a good thing, so strive to pay off each credit card bill when it comes in.  That would require that you set a maximum amount you would spend every month and stick to it, just like you would with cash.  If something major comes up, you would have the available credit to handle it, but work on paying it off as quickly as possible. It takes a bit of thought and planning  to keep finances in line, but you can do it.

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.