The amount of credit that you need

The amount of credit that anyone needs is subjective and based on personal financial needs and wants.

Someone who intends to only use credit as a more secure form of payment (versus debit) and plans to pay off credit card balances each month would need just enough credit to cover their monthly expenses that they plan to pay with credit card. 

A consumer who uses credit for emergencies would want to secure enough credit to cover such expenses. If you haven’t created a budget and determined how much you would need in the event of an emergency, now’s a great time to do so.

As you can see, there’s no set number that relates to the amount of credit that someone actually needs. It all comes down to 1) how you plan to use credit and 2) how much credit you think you’ll need in those instances.