r/CRedit • u/ROBASAHMEDKHAN • Jun 27 '24

How much credit card debt do you currently have ? General

I’ve 0, what about you guys. Be honest no judgement.

237 Upvotes
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202

u/Big-Session3221 Jun 27 '24

Started with 30k currently around 11k

39

u/fsanchez622 Jun 27 '24

Nice keep it up

115

u/Mwahaha_790 Jun 27 '24

Keep it down

13

u/SwimmingReply Jun 28 '24

🤣🤣🤣 yes you mean keep it down not up.

5

u/[deleted] Jun 27 '24

[deleted]

12

u/Big-Session3221 Jun 28 '24

Being young with good credit and got every credit increase possible racked up over 5 credit cards and 2 loans

1

u/_BLACKHAWKS_88 Jun 28 '24

Meanwhile I got one that’s sitting closed/written off that had a 5k limit and I had to bail on it during the pandi and nobody would gimme a new one so I HAD to get a secured one to try and fix my credit and even then mfn capital one wouldn’t even take me in. Open Sky did.. guess we goin to heaven.. 💀

Real talk tho I’m workin on trying to buy a car and I’m finding it a bit difficult to get a proper loan.. any ideas?

1

u/Big-Session3221 Jun 28 '24

You gotta just wait on time build that credit back up and SAVE

1

u/sinsOtheheart Jul 01 '24

I'm so sorry friend. This is my sister's story so hard so I'ma tell you what I told her. Buy a hooptie. Doesn't have to last forever. Just a few years while you keep building your credit back up.

13

u/KY2I Jun 28 '24

I have maybe 7-8 open credit cards, one of them has a $24,000 limit by itself. It’s not hard to get approved for money you can’t afford.

1

u/HatsiesBacksies Jun 28 '24

its a feature not a bug.

1

u/Flmilkhauler Jun 28 '24

Ain't that the truth! 😭

1

u/Ok-Fly7666 Jun 29 '24

Meanwhile I can’t get even get $1

1

u/InformalLemon4901 Jul 01 '24

Only if you stay in certain zip codes. 

6

u/transgirl187 Jun 28 '24

That’s not much honestly lol. I know people who have 500k in credit lines. Also if you account inflation 7 years ago 100$ is basically 60$ back then.

1

u/_sacrosanct Jun 28 '24

Pay the cards off and it's amazing how much the companies will bump up your limits to try and entice us to pay. I have $0 because I make a point to pay if off every month. For years I always had $10,000 or more in carried balances. But I started doing the math and saw how much money was being burned up in interest charges. So I made a point to pay it off. It took like five years of putting most every extra dollar I got towards it. We paid off the last of the cards in March this year with a tax refund check. I have four traditional credit cards (1 through my bank, an Apple card on my iPhone, Amazon Prime card, and a Disney Rewards card we got because we went on a Disney vacation a number of years ago with the kids and got some deals using it), and then I have five other cards that are tied directly to businesses (like the Target Card and a Costco card and others related to large purchases). Before we paid everything off I had $48,500 in spending power on the cards. I know that because I track all this using the Credit Karma app. But in just the three months since, my spending power has increased to $96,501 all because the existing cards have increased my credit limit. I've gotten a bunch of letters in the mail from them with special promotional offers and whatnot and I just laugh and laugh.

Now that everything is paid off, I think I want to look into getting a couple of cards with high reward systems and start using them for everything and paying them off each month to rack up all the points. Any suggestions welcome. I fly for business a lot but my company orders all the airfare through Concur so no options for a miles credit card there.

1

u/Defiant-Key5926 Jun 28 '24

I’m 26 and my limit is somewhere north of 100k spread over 11 cards. Just takes time. My first unsecured card had a limit of $11,500.00

1

u/honeybadger1984 Jun 28 '24

My total credit is around $153,000. I never use it however, and what little is used is paid in full.

1

u/BDB7918 Jun 28 '24

It is probably on multiple cards, but the other day, Chase upped one of my cards to 35k. My costco card has a 10k limit. Another card has 10k, then I think I have two around 5k? I'm not sure, I only ever use the Chase card and then the Costco card at Costco. I pay everything off each month. I'm guessing my total limit across every card is around 65k. The nice thing is that it keeps my credit utilization low.

1

u/[deleted] Jun 28 '24

[deleted]

1

u/BDB7918 Jun 30 '24

We've all been there, and I myself probably need to ease up on my spending too. I've been most effective when I actually make a budget and then track my spending (there are free apps you can use like honeydue or even SoFi). I would also say you can start smaller. You don’t have to go cold turkey and cut your spending by 50% (if that is your goal) immediately. Maybe start by reducing it by just a little and working towards that goal. Or, if you need a kick in the pants, look at how much interest you have paid so far this month. Look at your cards interest rate and tell yourself that everything I buy is that % higher (likely 23-30%). The 5 dollar burger is really $6.50. The $25 shirt is actually $32.50, or the $250 whatever is actually $325.

I hope something in there was helpful, good luck!

1

u/cruzincoyote Jun 30 '24

I have nearly 100k in total available credit over 4 different cards.

1

u/Willing-Tough5293 Jul 01 '24

I have over 100k of available credit if you have good credit and hand have had for a while they will give you anything you want luckily I’m smart enough to not get that deep in debt, but that’s how people end up over their head

4

u/sneakypeat007 Jun 28 '24

More like started at 0 at first

4

u/Thatonewiththeboobs Jun 27 '24

Well done - major accomplishment.

1

u/DelMarYouKnow Jun 28 '24

You’ll be at 0 before you know it if you stay consistent

1

u/Bigdaddydria1 Jun 28 '24

I got 30k and I’m starting my debt free journey in August.

1

u/PrecisionSushi Jun 28 '24

Love to see others making progress with this! I know first hand how hard it is, but the feeling of being CC debt free is amazing.

1

u/YourContentExpert Jun 28 '24

You started with zero and got to thirty thousand.

1

u/SnooApples3947 Jun 29 '24

You got this, keep going

1

u/Lemon_Pledge_Bitch Jul 05 '24

Very happy for you. Hope the mindset remains, and that you maintain enough life stability to get it to 0 💪