A new card bumps up your total credit limit , so that you use less of it - provided your spending habits don’t change (sticking to a small monthly bill can ensure that). This will boost your score by improving your utilization
Plus, for each month you pay off your new card on time, you’ll get a positive mark on your credit report. Let’s say you only have one card that has a $10,000 limit and $5,000 balance. Your credit card use would be 50%- pretty high! But if you’re approved for a new card that also has a $10,000 limit, you can cut your use down to a healthier 25%. Is there anything to watch out for? Give your score time to grow
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QUALITY TRADE LINES
WE PROVIDE TRADE LINES & HELP YOU GET FUNDING WITH CREDIT CARDS AND LINES OF CREDIT Archives
June 2019
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