No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I say do what's best for you.... If they don't want you doing it they wouldn't offer... That's what a CC is for. To carry a balance.
Is not in their T & C so have at it. Exercise your limit given to you, that's why it's there. $2,000/$10,000 isn't bad.
it shows your staying within reason and not over spending on your line.
I have a BBR $1,500/$10,000 and paying $130 a month and gonna pay it until my 12 month promo is up.
if they don't like it then they shouldn't offer it and can keep the card and limit , wouldn't hurt my feelings.
so do what you think is best because most of the folk giving you their advice or opinions right now haven't experienced AA from BOa
and trying to e the first to tell you what BOA rules and guidelines are..
if you don't work for BOA, please have several seats !!!
It's not the carrying a balance that irks banks. It's when your balance keeps climbing month over month while you only keep paying the minimum, which is a typical behavior of someone in financial trouble.
I used to be in >80% on a card for a long time. But each month the % kept going down, and the banks loved me.
@Runitup wrote:
I have two cards with BoA. Last year I took two 0% BTs on the same card and effectively ran my utilization up to 100%. I also took a BT on the other card at 0% and ran that up to 100%. How did BoA respond? They gave me a CLI on the card with the lower limit and left the other one alone. I carried both BTs for over a year paying slightly over the minimum.
That is the way to do it. Rule of thumb, pay double the minimum (I like to add new charges on top of that, unless both are at 0%) and you are golden. However, with Chase, if you have a promo for balance transfer, make use of it, and then make purchases with regular apr, they apply payments to balance transfer first, FYI. So pay attention when taking balance transfer offers on rewards cards.