Credit Card available credit goes from 15K to 50K

[Anonymous]

Anonymous wrote:12-21 cc you all are living chaotic lives.

+1
Redonkulous

[Anonymous]

Anonymous wrote:I have about twelve credit cards, and each card has an available credit of 15K. I also do not carry a balance because I payoff the balance every month. I normally use one credit card each month, and rotate them after that. For the past two weeks, I receive notices from ten credit card companies that my available credit has been increased from 15K to 50K. Anyone know why they increase my available credit line? FWIW, my credit score is 830. Thoughts?

You only use one card a month? Its pointless to have all those cards. If you have money you don't need them. You can still have excellent credit with 2-3 cards.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hmm I'm wondering if I should take my cc company offer to increase our credit. I've never needed it and will never need it but it sounds like it's good for scores.

Ha, I'm wondering if I should if I should go and sign up for another 11 credit cards? I only have one.

I also only have one cc, and my credit score is 845. I can see 2 or 3 cc's but 12 seems crazy.

[Anonymous]

Anonymous wrote:12-21 cc you all are living chaotic lives.

Trashy af to have that many cards.

[Anonymous]

Anonymous wrote:

Anonymous wrote:12-21 cc you all are living chaotic lives.

Trashy af to have that many cards.

It's relative. I'm the PP with the 840 credit score. When I look at my report and it makes suggestions to improve it literally says "open more accounts."

Also 20 accounts isn't all cards. It's things like car loans or mortgages. We always take car loans with new cars, but pay them off immediately after 1 month of interest or at the end of a promo period. Why do this when you can pay cash? Because it builds positive credit. And then it sits on your report as an account, even when it's paid.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:12-21 cc you all are living chaotic lives.

Trashy af to have that many cards.

It's relative. I'm the PP with the 840 credit score. When I look at my report and it makes suggestions to improve it literally says "open more accounts."

Also 20 accounts isn't all cards. It's things like car loans or mortgages. We always take car loans with new cars, but pay them off immediately after 1 month of interest or at the end of a promo period. Why do this when you can pay cash? Because it builds positive credit. And then it sits on your report as an account, even when it's paid.

If you have a long credit history and an installment loan (like a mortgage), adding more installment loans won't have a significant impact on your credit score. If you are doing this to take advantage of 0% financing, that makes sense, but not to increase your credit score. I am at the same score and have just a mortgage and had one student loan paid off over 10 years ago. Zero car loans ever.

[Anonymous]

Oh man, I couldn’t handle the stress of more than one or two cards.

[Anonymous]

Anonymous wrote:Welcome to Trump's administration's debt

No more regulations

Just like 50 year mortage garbage.

Do you ever wonder why no one likes you? It’s because you make every conversation political thinking you’re clever. Be better.

[Anonymous]

Anonymous wrote:Oh man, I couldn’t handle the stress of more than one or two cards.

+1

I don't think there is any amount of money that could compensate me enough for having 15 passwords and receiving 15 statements every month

[Anonymous]

Anonymous wrote:Oh man, I couldn’t handle the stress of more than one or two cards.

Right? Who lives like that? If you have money you don't need that many cards!