06-25-2009 09:20 AM
So I was just approved for a Hooters card with a 25% apr and $300 limit
What is thie usual on credit line increases and such for that card- I havnt received it yet
and dont know if I should activate it.
I already have an Orchard Secured for $250 which is about a year old now as well as a First Premier $300 and CreditOne $300 unsecured which are about 8 months old.
ALSO - I was just approved for a Cap 1 card with a 500 limit on credit steps (yay!!)
06-25-2009 09:44 AM - edited 06-25-2009 11:52 AM
Don't think it matters now . You accepted the offer and if you activate it or not its on your report . I keep reading that they do CLI reviews or give them every 6 months .
While that 25% apr is ridiculous , It could be 100% and still not affect you if you never maintain a balance . Keep the card . Use it here and there and ALWAYS PIF .
I currently have a hooters mc 1000.00 CL at like 14% . I only use it once a month for a lunch and i always PIF. With that strategy the APR doesn't come into play
06-25-2009 11:14 AM
06-25-2009 01:50 PM
My Hooters card just reached 9 months old and I got my first CLI--from $500 to $700. It was completely unexpected. I have run the balance up close to the max each month I have had the card and then PIF a couple days before the statement date.
I am pretty sure they rely heavily on TU.
06-25-2009 02:03 PM
06-26-2009 07:54 AM
06-26-2009 12:33 PM
06-26-2009 08:35 PM
06-27-2009 10:53 AM