No offense to anyone. Why would anyone need a 20k credit card limit? I'm just curious? Is there a credit card out there that offers prime+1? I don't know, I don't use credit cards.

If one needs 20k why not use your local bank? I would think the interest rates would be much less. I don't understand how any credit card company could return 6% on groceries as most grocery companies operate on a 2-5% net margin.

Just curious.....

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Posted by onelochevy

Slidell, LA

Member since Jan 2011

16866 posts

Posted on 11/22/12 at 5:56 pm to RetiredG8tr

Started with a 15k limit on my Venture card when I opened it.

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Posted by BACONisMEATcandy

Member since Dec 2007

46646 posts

Posted on 11/22/12 at 7:42 pm to RetiredG8tr

quote:
No offense to anyone. Why would anyone need a 20k credit card limit? I'm just curious? Is there a credit card out there that offers prime+1? I don't know, I don't use credit cards. If one needs 20k why not use your local bank? I would think the interest rates would be much less. I don't understand how any credit card company could return 6% on groceries as most grocery companies operate on a 2-5% net margin. Just curious.....

You do understand you don't pay interest on credit cards you pay off each month and you get "rewards" for using a credit card right???

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Posted by LSU6262

Member since Jun 2008

7647 posts

Posted on 11/23/12 at 2:09 am to RetiredG8tr

quote:
Why would anyone need a 20k credit card limit?

I know a guy that travels overseas with his family and back every couple months for work. His work then pays back him for all his travel expenses. Very easy for him to put $17k on the card with one swipe.

He's some kind of high up for Exxon

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