topic Re: Avoiding Decreases Tips in Credit Cards

Avoiding Decreases Tips

YoungMoney06 — Wed, 26 Feb 2014 04:38:10 GMT

Okay, so hopefully this is in the correct folder. If not, can someone move it to the correct folder please.

So I recently completed an app spree and added five new cards to my portfolio. I am a bit concerned about the recent posts I've read about abrupt CL decreases and was curious as to whether there was any tips to avoid from credit lines being decreased that anyone can give me. Obviously, I intend to use all of the cards on a monthly basis through strategy of charging bills to the cards and then paying them off (for example, cell phone bill charged to one and then paying it off each month, car payment with another and paying off each month, etc.)

Any suggestions for me to keep from experiencing decreases on the cards?

Re: Avoiding Decreases Tips

mattmix36 — Wed, 26 Feb 2014 04:41:39 GMT

If your signature is up to date, I don't think you have to worry about a decrease...Someone correct if I'm wrong, but from what I've read the people that are most at risk are those with "A LOT" of unsecured credit.

Re: Avoiding Decreases Tips

newUser0 — Wed, 26 Feb 2014 04:42:07 GMT

Congrats on your success.

My suggestions would be, don't charge a big amount on all of the cards (for 1-3 months) and keep your statement balance low.

After the accounts age, it does not matter much.

Re: Avoiding Decreases Tips

Anonymous — Wed, 26 Feb 2014 04:53:59 GMT

@YoungMoney06 wrote:
Okay, so hopefully this is in the correct folder. If not, can someone move it to the correct folder please.

So I recently completed an app spree and added five new cards to my portfolio. I am a bit concerned about the recent posts I've read about abrupt CL decreases and was curious as to whether there was any tips to avoid from credit lines being decreased that anyone can give me. Obviously, I intend to use all of the cards on a monthly basis through strategy of charging bills to the cards and then paying them off (for example, cell phone bill charged to one and then paying it off each month, car payment with another and paying off each month, etc.)

Any suggestions for me to keep from experiencing decreases on the cards?

With CLs of $2K or less, I think you'll be fine if you throw something on each account every 1-3 months...