{"id":25685,"date":"2021-12-17T08:16:31","date_gmt":"2021-12-17T13:16:31","guid":{"rendered":"http:\/\/t3_rih8b4"},"modified":"2021-12-17T08:16:31","modified_gmt":"2021-12-17T13:16:31","slug":"what-is-up-with-credit-card-limits","status":"publish","type":"post","link":"https:\/\/blog.andrewwbradley.ca\/index.php\/2021\/12\/17\/what-is-up-with-credit-card-limits\/","title":{"rendered":"What is up with credit card limits?"},"content":{"rendered":"<p><!-- SC_OFF --><\/p>\n<div class=\"md\">\n<p>So I just saw the thread where someone might be filing for bankruptcy, and they have 10k+ on one credit card, and multiple other cards.<\/p>\n<p>I requested a limit change with tangerine the other day (from 5k) and was automatically denied.<\/p>\n<p>I have no debt, I always pay in full, I make 6 figures and my credit score is 730ish<\/p>\n<p>How are these people, who are so indebted, able to get credit cards with tens of thousands of limits, and I\u2019m over here with a 5k card? Am I missing something? How does this even work?<\/p>\n<p>EDIT: Can I overpay a 5k limit cc by 15k, thus temporarily turning it into a 20k cc? Would I earn cash back on 20k if I maxed this fake limit?<\/p>\n<\/p><\/div>\n<p><!-- SC_ON --> &#32; submitted by &#32; <a href=\"https:\/\/www.reddit.com\/user\/anotherbutterflyacc\" target=\"_blank\" rel=\"noopener\"> \/u\/anotherbutterflyacc <\/a> <br \/> <span><a href=\"https:\/\/www.reddit.com\/r\/PersonalFinanceCanada\/comments\/rih8b4\/what_is_up_with_credit_card_limits\/\" target=\"_blank\" rel=\"noopener\">[link]<\/a><\/span> &#32; <span><a href=\"https:\/\/www.reddit.com\/r\/PersonalFinanceCanada\/comments\/rih8b4\/what_is_up_with_credit_card_limits\/\" target=\"_blank\" rel=\"noopener\">[comments]<\/a><\/span><a href=\"\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>So I just saw the thread where someone might be filing for bankruptcy, and they have 10k+ on one credit card, and multiple other cards. I requested a limit change with tangerine the other&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":24127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":[],"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25685"}],"collection":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/comments?post=25685"}],"version-history":[{"count":0,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/posts\/25685\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media\/24127"}],"wp:attachment":[{"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/media?parent=25685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/categories?post=25685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.andrewwbradley.ca\/index.php\/wp-json\/wp\/v2\/tags?post=25685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}