Unlimited Credit

[mtkl]

I have applied for quite a few credit cards and I never really cared about the credit limit, but I started noticing that most banks are giving me 150-250k credit limit per card, some from the same bank (ie exposing themselves to 300-500k easily, some even more).

Are banks in HK that confident? Especially considering how easy it is for HKers to emigrate now?

I applied for a credit card overseas (EU) and I got a credit limit equal to less than 5% of my savings with that single bank, even though I practically transfer an equal amount every month or two to that exact bank.

For another bank in EU (different country though), they flat out rejected me, and only after I complained they gave me a low credit credit card (three digit Euro).. I have a low five digit Euro fund with them plus scraps of savings,

[PLamHK]

It depends on your credit history. If you've been here for decades and have always paid your bill in full each month then yes you can get a significant credit limit (I I think I have a couple of million in total, but it's never been an issue, so I've never bothered to check). HSBC and Citibank these days (I can't speak to others) give a total credit limit that can be moved around between the cards that they issue (at least for lower level customers). It's not unlimited.

[aw451]

Lenders can see how much of your credit facilities you are utilising with other lenders through TransUnion (and other data aggregators) and adjust your credit limit as they see fit.