I got a USAA checking account for their bad-ass Deposit@Home feature, where you scan in checks instead of mailing them in or having to go deposit them somewhere.
Unfortunately, I didn’t realize you had to have a “Credit Product” (ie. car loan or credit card) to access this feature, so I had to sign up for a credit card.
With the hilariously high “limit” they stuck on this card, it brings my total available credit to 2/3 of my annual income in a year where I work the whole year. This year, I have not. The limit remains unchanged.
I mean, I pay everything on time and am super-anal about my finances, so I suppose my credit rating is good, but yeesh. And the media were so confused about how the credit crisis got as bad as it did.
If the banks are neck deep in shit and still offering my broke-but-responsible ass this much credit, it’s no wonder people spent themselves into holes that dug halfway to China.