Quote:
Originally posted by Sly_RJ
Amp, when you say "run up your card", how high are we talking? Maxing out or close to? I always thought that it wasn't good to be over 50%, that's why I spread everything out on a couple cards.
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I'll run one up to within a couple hundred bucks of the limit.... BUT... don't do that unless you fully intend to pay it down in a couple months... if you can't pay it back down, you'll fuck yourself on a high interest card. Long term high interest CC minimum payments are where they make their bread and butter cuz the principle is barely touched.
But they're alot more likely to boost your credit up if they see that over time, you have no problem paying it down in a moments notice... the only problem with your account is your limit is too low... they'll boost it to get you to spend more in the idea that you'll take longer to pay it down and they can get some of that interest.
At least that's my take on it... I've never worked for a credit company so I couldn't say for sure if that's their reasoning, but it does seem to work for me. I have insane limits now.