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My wife and I are now on credit cards with a $1300 total limit. One card is at $300 and the other is $1000. The one at $1000, I tried to get it down to $500 but the company won't drop it anymore. Plus it cuts my wife's spending in this tight time. The card is 0% for 12 months and then goes to a low rate. I plan for now on keeping a running balance of around $750 - pay $250 each month. She is already complaining of a card being declined and I told her that it already hit the limit. The limits are set as "hard", therefore, not run the risk of overcharging and incurring a penalty fee.

She cannot get credit since hers is bad but I have good credit. I have a couple of "shelved cards" that are at $20k.

One thing about credit cards, I hate the d@mn things !

“One thing about credit cards, I hate the d@mn things !”

Perhaps you should consider clipping them. Another way you can work this is to have a separate checking account with a debit card. The amount that you can charge is by definition limited to what you have in the associated checking account. You can’t spend what you don’t have with a debit card.

There’s this big myth out there that you need credit, a credit score, and credit cards to survive. The truth is you don’t. The debtslavers profit from the perpetuation of that myth.