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My wife and I are pensioners in our 70's and if I total up my 6 credit card limits it comes to £23950, which is more than our joint income from pensions.
My credit limits on all cards combined are about 2.5 times my usual annual income declared on self- assessment. Actual salary through paye is very small. I use 2-3% of total amount of limits.
Credit card limits are currently 100% of my annual income. I don't work. Will be interested to see how much I can increase the limits once I get my State Pension in early 2021. Don't need the credit... day to day spending accounts for about 50% of my Barclaycard and 10% of the other two cards.
#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £366
