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Can you run too much through a credit card

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Shooting-For-800
Senior Contributor

Re: Can you run too much through a credit card

I would not apply for ANYTHING until you are prequal for Cap One QS1 or QS.

 

That may be 3 months, it may be a year and 3 months.

 

Your score will go up as inquiries fall off, payment history improves, and you existing accts age.

 

Banks see you as desperate for credit right now.  Not good.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 21 of 23
Joecooltech
Regular Contributor

Re: Can you run too much through a credit card

@ shooting for 800 I woke up today decided to try to prequalify for the Quicksilverone card it was prequalified so decided to jump on the bandwagon and give it a shot was approved.
Message 22 of 23
Shooting-For-800
Senior Contributor

Re: Can you run too much through a credit card

Awesome.  Now slow down!!!  Smiley Very Happy

 

Did you get a better starting limit?

 

If not, do not fret.  Check for CLI in 3 months, then 3 months after that.

 

Eventually if you score keeps going up and your spending is good with large payments often, you will either get a great CLI or a new card with a great SL.

 

I starting with $3k cap one card less than 4 years ago and now I have 3 totalling $80k.

Rebuild started in 2014  -  $100k unsecured credit in 2017  -  $500k unsecured credit in 2024.

DON'T WORK FOR CREDIT CARDS ... MAKE CREDIT CARDS WORK FOR YOU!



Message 23 of 23
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