Having a higher credit card limit can be beneficial or detrimental, depending on how it is used. A higher limit can offer more financial flexibility, convenience, and help improve credit utilization ratios. However, it can also lead to overspending, credit card debt, and financial instability. A high credit limit can create a false sense of security and lead to reckless spending. Read More: https://cardinsider.com/blog/higher-credit-card-limit-a-boon-or-a-trap/