Where would you set your credit card limit?

Those Capitol One commercials are funny. But, really, how does it help me that I can slap a picture of my cat on my credit card?

How about if I could set my own credit limit that couldn’t be exceeded? Then the credit card companies wouldn’t be able to charge me over the limit fees.

That’s one of the intriguing provisions in a bill moving now through Congress. It could potentially cost the industry hundreds of millions of dollars according to the Congressional Budget Office.

So, if you could establish your own credit card limit, what would you do? Double it? Triple it? Cut it in half? Leave it where it is? How would it change your personal spending habits?

And remember, if you went this route and you were, say, trying to buy a plane ticket out of Turkmenistan when you hit your credit limit, you may have a problem.

Tell MPR News your ideal credit card limit. Post something below or click here and share a story about over-the-limit fees.

And check out the map below to see stories about spending and saving sent in from our Public Insight Network.

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