This is an interesting thread. I've had a credit card from my credit union for many years. I have no others. My wife has a couple, though. Neither of us has a high credit limit. Mine is $5K. It's kept that way, intentionally. I use it for online ordering, travel, etc when cash isn't as appropriate. It's paid off at the end of each month, even if I max it out during the month. I've only done that a couple of times when I was ordering stuff for an airplane I was building. Contrary to what you believe, every time you put something on that card, you are taking a loan for the money until you pay it back. That's why you pay interest. It's a higher risk loan, as well. That's why the interest rate is higher. Now, with the way the credit market is changing, get used to the fact that credit is going to be harder to get and maintain. It's getting back to the way it was when I was younger. That's not all bad because it forces you to manage your money better or lose out. You'll start learning to save for something instead of just throwing out the plastic. It's a better way of managing your life, believe me.
