What’s The Limit On Your Biggest Credit Card?
- Thread starter Devil Plisken…CMS
- Start date
LeVraiPapi
Redemption is Coming
To help you build your credit
Controversy
Superstar
A low credit utilization is a great thing
CashmereThoughts
Veteran
24k. Ballance $96
no carrying a balance does. only an idiot uses a debit card
LMAO no it doesn't. A lot of people who are using rewards credit cards aren't carrying a balance.
DropTopDoc
Smokin my Opps like Patrick Mahomes pops
why would a person close their oldest account that doesn’t help him, that hurts him you keep the card active by paying gas then pay it off once a month
hell no
platinum, the benefits are great, just depends on what rewards you like
i follow these guys and they give good tips
because the more credit you have that you don’t use the better your score is and the more credit you get
Not sure if you are trolling but the point of a credit card is really just to increase your credit score, so that when you need a loan for a house or car or to fund a business, you get favorable interest rates, so you not paying out the ass
i have 2k and i have a 400 dollar balance, bout to pay it off in a month i bought an iPhone and put it on there for the points and it freed up my money for the holidays
when slacking on your credit pimpin goes 100% absolutely and unequivocally...WRONG
if you close a card, that history good or bad (his is GOOD) stays on your report for 10 years. why yall think you supposed to keep the same cards for 40 years? I mean one or two cards...yeah. You build your history with a lender then you can get a new card from them, you dont need the same one forever. I only said that if he has no self control. Doesnt hurt him one damn bit the only thing it does is stops that card from aging. Discover will give him another one and they track your membership age. The more cards you have with the same lender the more age you gain. I been an AMEX member since 99. so each time AMEX gives me a card, yeah, it adds another account to divide but it also ads an additional 20 years history.
"because the more credit you have that you don’t use the better your score is and the more credit you get
erroneous thinking and misleading as fukk to someone new to establishing credit trying to get their limits up. also you just contradicted your statement about getting MORE credit but not closing cards.
you close cards to make room for new ones. the more credit that you have that you DONT use means the more adverse action that is likely to be leveled against you. i.e. balance reduction and closing of cards. I have a VERY extensive credit card profile. When I app, I get about 7-10 cards at once. Surely I cant use them all. Chase closed my Preferred card because I had TOO much credit. Also the same reason you can have excellent credit and get denied for some cards because you have too much. I dont have high balances like some of the people in this thread because they chose to rock with a small number of cards where I like to try a variety so my balances get spread out more. While my two highest limits are $15k each....my cumulative credit limit stays over 100k in credit cards alone.you dont know how to get limits up. paying off a $400 balance on a 2k card will take you forever to get higher limits. which there is nothing wrong with but you are misinformed if you think thats how it works. USAGE gets your limits increased, fukk a score
. you think they give you cards to sit on them? 
I have had cards closed by the company because I NEVER used them once. If you have a charge card for instance and you dont use it, watch your balance shrink. 
AMEX not giving you more cards if you aint using the shyt they already gave you and lower balances on current cards directly affect your balance on new approvals. the higher your balances are currently the higher the balances you get approved for, likewise with lower/lower...not vise versa. dont work like that lil homie.if you want to get your limit up fast you use ALL or MOST of your limit and pay it off. like the breh here that said he charged 30k to his card for a car. or the other one that said he uses his 13k limit and pays it off. credit is what you are are supposed to funnel your cash through. If you have a 2k card that you are only using $400 on, that tells the lender you dont have $2k in the bank.
black people especially have to stop being afraid of credit and learn how to use the credit instead of cash and then use the cash to pay back the credit. this is a credit based society we live in.and one of the most miscalculated and cliched assumptions is that score means something. it is only one factor and a small factor at that. too many people bragging about their high scores and got raggedy fukkin mouths with rotten ass teeth out here or living in shacks while buried under a pile of debt from sub-prime and predatory lenders.
I have had a 645 before and pulled a $10k card that my friend with 750 apped for on the same day and got denied for. I have had a 775 and got denied for some punk shyt before.score is just a reference point. the best thing to know about score is not how much it is but when it goes UP or DOWN. also scores are parameterized depending on what type of credit you are applying for.....I.E. mortgage, car/installent loan, credit card, etc...
my daughters just got new cards this month. the oldest one started establishing her credit one year ago. the other this is her first credit cards. they both have 750 scores (REAL FICO) but one got denied for two cards and got $450 limit between two cards while the other didnt get denied for anything and got 3 cards with $12k total on them. can you guess which one was which? they both did get AMEX approvals though with great limits per their profiles thanks to them being authorized users on mine and my brother's AMEX accounts which have a combined history of 40 years age across only two accounts.
there are a lot of factors far more important than score. such as INCOME. debt to income ratio, age of accounts, payment history, diversity of portfolio, and one of the most important but HIGHLY slept on is PRIOR RELATIONSHIP with lender. You also need to know what bureau the lender is pulling from BEFORE you app. Your score is different across the bureaus. You can have a 543 with Equifax and a 690 with Transunion and pull a boss card if the lender pulls from TU only. Most pull from one bureau....some pull from two for the same app.
listening to youtube is ok sometimes but some of these clowns dont know what they are talking about either or are only on a basic level. do your own research lil homie, like learning about tradelines and how to do product changes. I mean, you come in here talkin like you an expert with a $2k card with $400 balance on it while I got 100% financing on a $300k home with sub 4% fixed rate (my third mortgage) and walked out of the attorney's office at closing with TWO checks in my hand to deposit in my bank account that had my agent like
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DropTopDoc
Smokin my Opps like Patrick Mahomes pops
Antwon Mitchell
Banned
I have an unlimited Capital One SavorOne Rewards card with unlimited 3% cash back whenever I go out to fine dining restaurants or the movies, 2% whenever I go grocery shopping and & 1% on any other purchases plus if I spend $500 every three months I'll get $150 cash bonus.
No transportation fees for foreign purchases and no annual fees either. I spend what I want when I want but I don't really use it tho unless I really need to.
No transportation fees for foreign purchases and no annual fees either. I spend what I want when I want but I don't really use it tho unless I really need to.
Dude typed all that bullshyt up (That I didn't read BTW) and he's 100% wrong in this argument, hilarious..I was gonna reply to him the other day when he was telling fam to close his OLDEST cards (WTF!) but said fukk it, I don't be having the time to fact check nikkas like others..
You NEVER close your oldest accounts...Only way I'd consider is if they had you paying an annual fee and refuse to budge on eliminating it. Otherwise, you absolutely should always keep it open even if you only use it a few times a year for bubble gum and gas. nikkas be giving out just straight ridiculous advice and put so much effort into being wrong, that shyt is really eye-opening..
You NEVER close your oldest accounts...Only way I'd consider is if they had you paying an annual fee and refuse to budge on eliminating it. Otherwise, you absolutely should always keep it open even if you only use it a few times a year for bubble gum and gas. nikkas be giving out just straight ridiculous advice and put so much effort into being wrong, that shyt is really eye-opening..