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Old 03-13-2007, 04:56 PM
gazarsgo gazarsgo is offline
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Join Date: Jun 2004
Location: Austin, TX
Posts: 122
Default Re: Credit Card Limits?

What's your purpose in utilizing credit?

for an individual, your line of credit should cover whatever expenses you might incur between pay cycles beyond what you can cover with liquid assets... personally, i try keep my credit limits at 1 month's pay, but I don't see why this should scale beyond $10k/mo or so.

for a business, your line of credit should cover the amount of operating expenses you need it to in order to sustain growth...i'm not qualified to get into that in any more detail though [img]/images/graemlins/smile.gif[/img]
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