Here what I write or discuss is based on my experience it is not to convince anyone to follow my Strategies it is only to strengthen my belief in myself, but this may give you some idea or information because learning from others experience is best learning.
Generally it is asked that one should have the credit card with big limit or lower limit. The answer is that it depends on individual to individual.
But there are some set rules are there. Many people have mis conception about Credit Limit also, so first we will understand about credit limit.
What is credit limit?
The amount which you can spend from your card is credit limit it is set by the bank depending on individual's profile also. If there is
GOOD CREDIT SCORE
EARNING CAPACITY
ONE's REPAYMENT HISTORY...
So keep good neat and clean financial profile.
Cash limit
Cash limit is the maximum amount! which you can withdraw from the ATM at a time.
Now which type of limit one should try to get.
Many people think that they should have credit card with huge limit. Ip personality prefer to have credit card with lower limit.
If unfortunately there is some fraud activities then you will not trape in big financial crisis if you have the credit card with lower limit.
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