which is better? high credit or low credit limit?

The first 2 posters are correct, but I'll explain more in detail. This is what makes up your score:

1.35% Payment history

2.30% Total debt owed vs. Available credit

3.15% Length of time establishing credit

4.10% Types of credit established

5.10% Inquiries and New accounts

Having said that, as you can see that #1 & #2 are the 2 most important factors when it comes to your score. We'll see how #2 affects you. Your total credit limits on your cards are $105,000. Let's say that you have a balance of $31500 between the two cards. You would've used around 30% of your available credit, which is considered allowable to the scoring system. Now let's say that you decrease the credit limit $15000 on each card, so instead your combined limit is $75000. If you had that same $31500 balance, it would show that you're using 42% of your availble credit, which isn't bad, but nowhere near as good when the limit is higher. Just becuase you have a higher credit line, doesn't always mean that you should use it all. You'd have to pay it back anyway, so unless you're ready to use it, then just keep it when you are. There's an old saying that it's better to have something and not need it right away than to need it right away and not have it

Just make sure you keep your balances, preferably under 30% of those limits, but definitely under 40% to maximize credit score. Don't open up newer credit card accounts, unless you absolutely need to. The longer you keep those cards open, the better your credit score will be. Creidt limits don't mean nearly as much to your credit scores as your balances on your credit cards compared to your limits on those credit cards. Read the credit blog below for more information on credit and credit scoring.

better to have a high credit limit, because this gives you a better used credit vs. available credit limit ratio. however, the caveat here is that you must have discipline. if you feel that you will not be able to resist the urge to spend any and all money that you are being extended, than i would stick with the lower credit limit.

Whoever told you that is wrong.

Right on your credit report it sais that your credit score is postivly affect by higher credit lines.

And by the way, those are VERY high limits. You must have excellent income.

No, the higher the limit the better. Logically, this says the lender kept increasing it because you were doing well.

The important point here is to have a low revolving balance in proportion to your credit limit.

Actually having a really high credit limits (those are both really high IMHO) can be a negative impact on your credit score, for you have the potential for over 100k in unsecured debt.

But it also correlates to your annual salary. If you have a high salary/income you might be just fine.

To be safe go ask your local banker

it is way better to have fewer cards with higher limits. Its not the limit that affects your credit, its how much you have on the card. Always keep your balance under 50% of the lmiit and your credit won't be hurt.

As long as you keep the balance under half of the limit you'll be good.

High limits are better for your score.

Just be sure to keep your balances below 30% of your credit limit (should not be hard with those limits) and you will be fine.

A full 30% of your score is made up of your debt to credit limit this is why high limits are better for your score.