What do credit card companies base your credit limit on?
Thursday, November 25th, 2010Judy asked:
I am pretty positive it’s based your salary.
And that they look at your credit reports to see credit limits in other cards.
I am pretty positive it’s based your salary.
And that they look at your credit reports to see credit limits in other cards.
My guess is no more than 25% of your salary in credit.
Any other guesses on how credit card companies figure out credit limits?
Credit card companies do not give out this information.
Walter

