> Hard to believe such people could get credit cards with a 2k limit
Unfortunately that's totally plausible, and infact, are the profitable customers for credit card companies. Why give a credit card to someone who can pay off their bills in full every month, when you can give someone more credit than they earn, let them spend it all, and then pay you monthly with interest?
As a point of reference, my Amex limit is 5x my monthly post-tax earnings. Back when I was only eligible for entry cards, at £250 limit increased to >£5k within a year.
Unfortunately that's totally plausible, and infact, are the profitable customers for credit card companies. Why give a credit card to someone who can pay off their bills in full every month, when you can give someone more credit than they earn, let them spend it all, and then pay you monthly with interest?
As a point of reference, my Amex limit is 5x my monthly post-tax earnings. Back when I was only eligible for entry cards, at £250 limit increased to >£5k within a year.