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Not just anyone can get a credit card with a £20k limit. I am employed with a good salary and could not borrow that much on a credit card.
by foldr 5y ago
Not just anyone can get a credit card with a £20k limit. I am employed with a good salary and could not borrow that much on a credit card.
- brianwawok 5y agoGuessing you are in Europe though? Credit is pretty freely handed out in the US. At some point you have to ask for lower limits if anything. Getting .5-1x your yearly salary in credit card limit by 30 isn’t hard in the US, for example.
- foldr 5y agoOP wrote '£20k', so they're presumably in Europe too.
- simonswords82 5y agoI am! See note above it was multiple credit cards
- chasd00 5y agoI bet you could get 10 cards each with a 2k limit though. That’s what usually happens, and how people get in serious cc debt trouble.
- foldr 5y agoPossibly, but credit card companies do track your total borrowing.
- simonswords82 5y agoIt was multiple credit cards each with about 4k to 6k credit limit. No way I would have got one for 20k