Heavy usage?

[Dw4250]

The term "heavy usage" gets thrown around a lot (including by me!).  But it occured to me this morning...I am not really sure what this actually means to a bank/CCC.  I know it probably varies from lender to lender, but I was curious what do you guys consider heavy usage:

1.  Number of swipes or transactions/month?

2.  Dollar amount put through a given card/month?

3.  % of CL used on a given card/month?

4.  All of the above?

[Anonymous]

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@Dw4250 wrote:

The term "heavy usage" gets thrown around a lot (including by me!).  But it occured to me this morning...I am not really sure what this actually means to a bank/CCC.  I know it probably varies from lender to lender, but I was curious what do you guys consider heavy usage:

1.  Number of swipes or transactions/month?

2.  Dollar amount put through a given card/month?

3.  % of CL used on a given card/month?

4.  All of the above?

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I doubt if issuers care about #1.  So #2 is key, with #3 taken into account (they can't expect you to spend $20K if they gave you a $500 CL)

[j_casteel]

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@Anonymous wrote:

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@Dw4250 wrote:

The term "heavy usage" gets thrown around a lot (including by me!).  But it occured to me this morning...I am not really sure what this actually means to a bank/CCC.  I know it probably varies from lender to lender, but I was curious what do you guys consider heavy usage:

1.  Number of swipes or transactions/month?

2.  Dollar amount put through a given card/month?

3.  % of CL used on a given card/month?

4.  All of the above?

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I doubt if issuers care about #1.  So #2 is key, with #3 taken into account (they can't expect you to spend $20K if they gave you a $500 CL)

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+1

heavy usage will be dependent upon CL

[sexy_kitten7]

I would say #3. My guess is that carrying (or charging) more than 50% of the CL constitutes heavy usage.

For heavy MSers, it's not uncommon to charge 2 or 3X CL per month. But the banks catch on pretty quickly.

[celluloid17]

I wouldn't discount #1.  Don't merchants have to pay a swipe fee to the credit card companies every time a card is swiped?  I would think the CCCs would care less about how much is being charged and more about the fact their card is actually being used, especially if the person isn't carrying a balance and thus not paying interest fees.

[MidnightJester]

the swipe fee is .30cents or so. They make 2-3% on every transaction on top of that 30cents, Unless you are making alot alot of small purchases they make more bottom dollars on the % they take from each transaction. every $100 is $3 in their pocket if I understand everything correctly

[takeshi74]

I don't really worry about it.  My usage is my usage.  It's not going to change to meet a vague term such as "heavy usage".

[Closingracer99]

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@celluloid17 wrote:

I wouldn't discount #1.  Don't merchants have to pay a swipe fee to the credit card companies every time a card is swiped?  I would think the CCCs would care less about how much is being charged and more about the fact their card is actually being used, especially if the person isn't carrying a balance and thus not paying interest fees.

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Creditors love #1 and if anything it should increase your Credit Limit

[Anonymous]

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@Closingracer99 wrote:

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@celluloid17 wrote:

I wouldn't discount #1.  Don't merchants have to pay a swipe fee to the credit card companies every time a card is swiped?  I would think the CCCs would care less about how much is being charged and more about the fact their card is actually being used, especially if the person isn't carrying a balance and thus not paying interest fees.

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Creditors love #1 and if anything it should increase your Credit Limit

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So 30 $1 transactions are better than 2 $1000 ones?

[Closingracer99]

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@Anonymous wrote:

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@Closingracer99 wrote:

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@celluloid17 wrote:

I wouldn't discount #1.  Don't merchants have to pay a swipe fee to the credit card companies every time a card is swiped?  I would think the CCCs would care less about how much is being charged and more about the fact their card is actually being used, especially if the person isn't carrying a balance and thus not paying interest fees.

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Creditors love #1 and if anything it should increase your Credit Limit

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So 30 $1 transactions are better than 2 $1000 ones?

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No But they will glady take both