What is your credit card debt? (Page 2)

I'm keeping the balance at zero.....too much risk of layoff's hitting our area.

I was prepared to write that unless the two other cards created a temptation you could not resist, for the sake of future applications for credit, you might have considered keeping them open as it can have a positive impact on your credit score ("properly managed revolving credit is looked upon favorably), but then we're living in different times than even 3 months ago, so who the heck knows, so nevermind.....

I have 2 credit cards I use regularly due to cash back options.   The balance on those is paid off every month.

I also have a cc balance from when I was young and not so smart.   The interest rate is 2.9%.  I have enough money in the bank to pay it off but I wasn't for a while since my savings accounts were near 4-5%.  Also I had other things like student loans and car loans to pay off that were at a higher apr.  So now that my savings accounts are in the 2% and all other debts are paid off other than the mortgage, I'm looking towards them again.

As for 401ks, we are lucky to have a couple options that will increase slightly and not go down if we want.  I put about 60% of my 401k funds into the bonds related funds a little over a year ago.  My more cautious husband put about 90% of his 401k funds into the bond options 3 or so years ago.    As a result, my 401k has stayed pretty stable with a slight dip.  Once the market went down, I started putting a little more of my salary into my 401k.  

$0

After getting into trouble when I was in college, and clawing my way out of it, I never have a balance on my cards.

Dude, what kind of credit card do you have? I've had a credit card since I was 21 (started off witha $1200 limit), always pay it off every month, and my limit isn't even half of that. I also don't have the kind with any monthly fees, it doesn't earn rewards, and it has a low APR, so maybe that's why. I don't really NEED that much of a credit line, but in an emergency, I'd sure feel better if I did.

That's not unusual.  The only one I've had that's not a $10k plus limit is the one from my Credit Union.  Which, once I get them all paid off is the only one I'll keep.

Have they just given you the higher limits in the past?  Or did you as for them.  Mine has always just gone up on its own.  I have a $5,000 limit now (started at $500 when I was 16).  For people who are in good standing, most credit card companies will be eager to increase your limit.  Just call them and ask.  Be sure they don't change your interest rates.

Our Citibank Credit Card has an available credit line of $32,000!!  INSANE.  When I was in Banking(1990-1995), you had to walk on water to get 10k unsecured...

When I bought a Dyson Vacuum at Target, sales clerk sold me on the 10% off New Account holders and she exclaimed I must have excellent credit, when I asked why, she said they just approved you for $12,500!!  In under 1 minute...at Target..Hmmm...glimpses into why this country is in the mess we're in.....?

btw: Zero CC debt, or paid in full each month.

Yeah, they just raised my limits and sent me a notice saying they were doing it. I never had to ask them.

Consumer credit is a cancer on wealth, and credit card companies are of the debbil.