Credit Card Center Advertiser Disclosure†
10-23-2012 10:57 AM
10-23-2012 11:07 AM - edited 10-23-2012 12:00 PM
I guess I'm the odd ball then. I barely use my cards period, yet get cli's quite a bit. WOW!!!!
Isn't this promoting getting into debt I presume just to get limit increases? SMH...
This is not promoting getting into debt. This is just saying, shift spending around and continue to PIF.
OK, I think lol. Like it's mentioned prior YMMV. As for shift spending, that's the credit overall picture if you have several accounts IMO.
10-23-2012 01:37 PM
I have a few cards that I'd like to see grow (short term and long) so I've been giving them more use. For example, my JCP card, only a $200. limit so I can't do much with that. A quick purchase one night gave me a $192. balance but I PIF after the statement cut. It will be around $135. this month. Walmart, $600. CL, balance of $533. when the statement closed last month. PIF and will have a balance of around $180. when it closes this month. Others, I might not care as much or I doubt they will grow (like Target and Cap1) so they just get used when they need to get used.
Oh, and the cards that I'd like to see increase, I'll make sure the balances are low when it comes time to ask for a CLI or if it's the month that they might auto increase.
10-24-2012 08:57 PM
Yeah, making sure that your utilization ratio for all of your revolving credit accounts is low before you apply for a CLI. The results may be favorable if you do.
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.