@spydergto wrote:Thank you , this was exactly the kind of information i was looking for. the APB cc i currently have you can only send check or money order. the online ability to add more funds is a huge benifit to me. the reason as to WHY im doing it , is more like a redneck savings account. I understand that it will "could" take a while to get the funds back , i dont really care about that i make six figs thats not why. I messed up bad when i was younger. by forcing myself to use my own money , via secured , it makes me work twice as hard not to screw this up. i learned alot of hard lessons. so sending in the money to increase the lines of credit is neat to me. plus I know in my head , one day , in the future , ill have a few really nice cards that are unsecured, with really high limits, and i am looking forward to them. but right now i need to get my secured card topped out because the only unsecured card i was given was 1k , while i can max the secured out at 5k. the 5k will look better , then another 3 k maxed out secured card , and responsible management. I utilize less than 4 percent of my avalible credit each and every month as per the spreadsheet from credit boards ,
In the future when i have some amazing cards, ill get a few checks in the mail and be like woohoo got a couple grand to waste ...
I get it what your saying. If ur luking at a higher than 5000 CLI for a secured, I would suggest u to get the BOA secured - u can increase ur secured CL to 10k, which is the max. I have yet seen on a secured card.
@spydergto wrote:i know this is gonna sound retartar , but i actually dont want unsecured CLI's .. i want to actually deposit 3k cash into that account , then after maxing these two , id like to do a third , then after 3 secures maxed out , id like to get some unsecured cards over 10k , then cash them out and get a **bleep** ton of checks back, maybe buy myself a third motorcycle ... or that can~am i want ... lol ,
my goal is to just max out some cards with max credit limits while maintaining 4 % utilization , lucky for me i can actually afford to do this ....
@spydergto wrote:the comment i had previously written containts to much personal crap about my sitch , so to shorten it , dont care already have cash in savings i want to increase my CC's ..
I dont think it contains any crap. Thats actually a very good strategy. Using the money that only is yours and not any bank's. I know ppl who use only secured credit cards so that they are not borrowing anybody else's money whereas their scores keep growing, so in an emergency, if they ever need an unsecured, they can be rest assured they will get approved for it.