this post was submitted on 28 Apr 2025
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Agree with everyone about cc debt but one addendum:
If you have a level head, go for the max limit allowed. Follow all other advice and auto-pay the statement balance every month no matter what. Never carry a balance, never pay a dime of interest.
A high limit can come in handy for a once in a lifetime emergency expense where the debt is somehow not as bad as whatever problem money can solve. It also boosts your credit score if you are ever in a position to buy property - the agencies like to see that "this person only uses 2-5% of their credit limit".