Okay, so hopefully this is in the correct folder. If not, can someone move it to the correct folder please.
So I recently completed an app spree and added five new cards to my portfolio. I am a bit concerned about the recent posts I've read about abrupt CL decreases and was curious as to whether there was any tips to avoid from credit lines being decreased that anyone can give me. Obviously, I intend to use all of the cards on a monthly basis through strategy of charging bills to the cards and then paying them off (for example, cell phone bill charged to one and then paying it off each month, car payment with another and paying off each month, etc.)
Any suggestions for me to keep from experiencing decreases on the cards?
If your signature is up to date, I don't think you have to worry about a decrease...Someone correct if I'm wrong, but from what I've read the people that are most at risk are those with "A LOT" of unsecured credit.
@YoungMoney06 wrote:Okay, so hopefully this is in the correct folder. If not, can someone move it to the correct folder please.
So I recently completed an app spree and added five new cards to my portfolio. I am a bit concerned about the recent posts I've read about abrupt CL decreases and was curious as to whether there was any tips to avoid from credit lines being decreased that anyone can give me. Obviously, I intend to use all of the cards on a monthly basis through strategy of charging bills to the cards and then paying them off (for example, cell phone bill charged to one and then paying it off each month, car payment with another and paying off each month, etc.)
Any suggestions for me to keep from experiencing decreases on the cards?
With CLs of $2K or less, I think you'll be fine if you throw something on each account every 1-3 months...
