So my $500 First National Bank of Omaha College Visa and $600 Chase Amazon Visa cards just aren't cutting it. I currently have pretty high balances on each card ($500/$600 on Chase and $460/$500 on FNBO card). I'm going to be paying both of these off in full next week, but after a camcorder, gas, and guitar purchase, I'll again be dancing that credit limit line and I'm sick of worrying how the 30% rule affects my standing.
I've had the Chase one since 12/07 and the FNBO since 4/08 and I've never had a delinquent payment nor have I paid just the minimum. So assuming my credit is adequate, how much will two CLI's each requiring a hard pull and an application for another card hurt me?
Also, while we're on that topic, I know that they note if only a minimum payment is made. But I read from a person on Yahoo answers (a very esteemed person at that, just can't remember her position) that paying even just a dollar over the minimum payment is good enough because what's reported is "Minimum payment" or "More than minimum payment". How true is that? Now, before you get any ideas, I ask this because I plan to have around a $2000 balance a few months down the road on a 0% APR for 12 months card, and while the minimum starts at $80, I was wondering if $100 payments (a mere 1% higher than min.) was good enough.
Message Edited by WTFSEAN on 07-28-2008 05:26 PM