It's almost embarrassing how high my limits are. The good news is that I'm nowhere near them.

All I can say is my limits are quite high. And I really do not plan on ever reaching the limit. I really don't like using credit cards that much.

Knowing the credit card industry as I do, I tend to feel guilty about using them as well. I personally believe the cc industry is responsible for a fraction of regular inflation and would be interested in seeing just how much culpability they hold.

I use an American Express card, so there is no real limit. You just have to be able to pay it off each month.

correct. American Express cards have no limit. I do hear that they will cut you off it it gets excessive, however.

I don't have any since I don't have a credit card but I was thinking about a $10000 limit...is that high or low for the average person?

10000 is high for a first card unless you have lots of other credit elsewhere. I'd suggest applying for one that high and be willing to accept counteroffers, every 6 months or so you should be able to get your card reevaluated by the issuing institution for better rates or higher limit, and sometimes they will raise your limit on their own just to entice you to spend more.

Here in the UK I have a first card with only a £500 limit and I struggle to meet the payments on it, so $10,000 for your first ever credit card you wouldn't get it unless you were in a very well paid job.

One "excessively exercised" Visa I've since paid off and cancelled had a credit limit of more than $33,000 with a balance of nearly 2/3rds of that. While going through a divorce, I knocked the balance down to a few thousand when I had to refinance my home to get my wife's name off the title.

I had thought about keeping the card since the limit was so high (for EXTREME emergencies) but wanted my ex's name off the card (obviously). When I called to have her named removed from the account, I was given a real run around. I was more than willing to have the balance assigned to me, but they insisted on getting written consent and that they would mail me a form for her to fill out and return. When asked why I wanted her name removed from the account, I explained that I was getting a divorce.

Without taking a breath, the customer service rep replied, "Would you like us to increase your credit limit for expenses during the divorce?" My response was "NOT A CHANCE! THAT DEBT WAS THE CAUSE OF THE DIVORCE" (which is not really true). I just could not believe the response I got from them.

Needless to say, I never received the "form" to have her removed from the card. I then applied for another Visa with a $7,500 limit, transfered the debt and cancelled that card. I have no need for a card that could be used to buy a car.

It is amazing the amount of money a credit card will give you...