credit card question

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02-16-2007, 04:27 PM

dizzie56

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credit card question

Ive had this amex card for a lil while and amex recently just increased my line of credit on their own. Is that normal? This is like my first time havin a CC so im not sure if its ok or they just had a glitch.

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02-16-2007, 04:32 PM

method

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RE: credit card question

pretty normal. it just means they trust you with more money. Last time, they told me they were increasing mine before they did it. On my Visa, they asked me if I wanted it raised before they did anything.

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02-16-2007, 04:33 PM

N8 Dawg

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RE: credit card question

Some will increase it, some will send you a letter that you signto increase it.

Amex raised mine also. But I always pay mine off if I use it, dont like to get myself into debt.

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02-16-2007, 04:40 PM

D2VW14_20

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RE: credit card question

Yeah, and the more you keep the balance on it low and the higher Credit limit, the higher your credit score will go over time

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02-16-2007, 04:54 PM

dizzie56

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RE: credit card question

ooohhh, i see. so its actually a good thing huh. well tight, now i can get that helmet and guitar ive been wantin lol

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02-16-2007, 06:41 PM

OldFatGuy

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RE: credit card question

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ORIGINAL: dizzie56

ooohhh, i see. so its actually a good thing huh. well tight, now i can get that helmet and guitar ive been wantin lol

He said the lower you keep the balance and the higher the limit the better. Higher limits and higher balances hurt your credit score.

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02-16-2007, 06:43 PM

dizzie56

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RE: credit card question

yeah i know, i bought the helmet allready but i guess i can wait on the guitar till next month lol

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02-16-2007, 06:55 PM

telgren

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RE: credit card question

Yeah no need to purchase toys you have a new gf coming this weekend! No more sure fire way to have no money that get a woman.

One thing I learned about marraige and money:
Whats mine is hers
Whats hers is hers

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