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Ever since the financial crash happened, I would say the average credit limit for a new card from a new issuer is $2k to $4.5k for those with good credit. Those with excellent credit probably have an average credit limit on new cards that is higher, if they already have high limit accounts.
The lower your utilization rate for each card and combined, the better for your credit score.In fact, a study by FICO found that consumers with the highest credit scores (above 785) used, on average, only 7 percent of their available credit on credit cards.That means they charge only $350 on a credit card with a $5,000 credit limit. Or, just $1,400 on several credit cards with combined limits of $20,000.o, you could charge $900 on a credit card with a $1,000 limit and pay it off the same month, but the FICO credit score will still consider a utilization rate of 90 percent. That means you should check how much you're charging each month and how that affects your utilization rate.