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Do you guys pay/paid interest on your credit card?
@jacksonvillejaguar wrote:Do you guys pay/paid interest on your credit card?
Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.
Anyway, I took the CC from her until she paid it all off.
My card went from $300 to $500 after three months and then jumped to $1800 after a year and remained there ever since. During the period from opening the account to the $1800 jump I carried a decent balance on it every month. I haven't carried a balance since then and I haven't gotten any CLIs, but I don't know if correlation = causation.
@armbenderc wrote:
@jacksonvillejaguar wrote:Do you guys pay/paid interest on your credit card?
Wife got a cap1 platinum mastercard, her starting CL was 600. In one year, her CL is 1.6k, however she carry a balance of 60-70% util all the time. She paid more than min payment. I spoke to her many, many time about carrying that high util.
Anyway, I took the CC from her until she paid it all off.
@jacksonvillejaguar wrote:Do you guys pay/paid interest on your credit card?
I rarely pay interest on any CC. I have CLI on 3 Capital One cards, and I have never paid any interest on them.
I don't think paying interest ever helps your credit, it only costs you money.
@Wolf3 wrote:
@jacksonvillejaguar wrote:Do you guys pay/paid interest on your credit card?
I rarely pay interest on any CC. I have CLI on 3 Capital One cards, and I have never paid any interest on them.
I don't think paying interest ever helps your credit, it only costs you money.
Totally agree!!!
I just got a $500 CLI from Cap1 and always PIF
@darkpearl wrote:I just got a $500 CLI from Cap1 and always PIF
That sounds like a credit step CLI...
6th statement?
Yeah, I'm still amused by that if it really is true. No negatives ever, not even my first credit card. Oh, Cap 1...