How do credit card issuers determine your credit limit?
by 
Ed the Jetpacking Headbanger
ANSWERS: 4
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I assume they check your credit rating just like the car dealers do. They also probably look at your earnings and net worth.
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They seem to be pretty lax of recent years. An easy way for people who can't afford them, to get into debt and fast. Twenty years ago they were much tougher on what limits were issued. It's scary when you get a letter saying you've been so good we've upped your limit to $13,000! Umm No thanks!
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They look into your past credit history and if it's clean the sky's the limit. It helps if you own a home or have recently paid off a large purchase such as a car, etc. Then they suck you in. You get set more credit applications and you fall into the trap. It's your own fault because you are the one who likes to buy all that "stuff". After all, they wouldn't be in business if it wasn't for suckers like you.
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judging by he credit crunch, they do a bad job.
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