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I have a secured card with a 200.00 limit...since my limit is so low, if I use the card weekly and pay like $200.00 a wk and obviously don't carry a balance how does it look to them...making so many payments...does it send off alarms somewhere?
What are your thoughts?
Thank you
@Andy77 wrote:I have a secured card with a 200.00 limit...since my limit is so low, if I use the card weekly and pay like $200.00 a wk and obviously don't carry a balance how does it look to them...making so many payments...does it send off alarms somewhere?
What are your thoughts?
Thank you
Making a payment in full once per month and using it regularly is sufficient enough.
I realize making one payment per month and on time and such is sufficient, however, the reason why I would make four is for this main reason:
show them the 200.00 credit line is manageable and rather low with the hope that in 18 months they will graduate the card and give me a higher limit
In addition, when I got the card, I overlooked I was putting money into a cd which is locked and therefore, I could not contribute to it, hence why my CL is just 200 dollars
You could also take the extra money and get another secured card for an additional TL. There are several that will allow you to add to the Savings Account and raise your CL.
@Andy77 wrote:I have a secured card with a 200.00 limit...since my limit is so low, if I use the card weekly and pay like $200.00 a wk and obviously don't carry a balance how does it look to them...making so many payments...does it send off alarms somewhere?
What are your thoughts?
Thank you