Hi, Every time I charge something on my credit card, I immediately send a check to Providian. I do this because ten years ago I got into real financial trouble and I will never forget that lesson; so I am afraid of credit. Is this a mistake? Will Providian drop me? Thanks,
RE: Paing full balance of cred No they wont drop you, but they probably wont give you hugh increases or rate reductions. roni
RE: Paing full balance of cred Good points, Roni. The ironic thing is that limit increases or rate reductions won't matter much in this case. BK needs a limit far less than monhly income, since balances are being paid off from income. The interest rate will make a slight difference without a grace period, but is being applied to a fairly small balance, which can never get very big without a limit increase.
RE: Paing full balance of cred I use to pay it in full too but then I just paid about 75% of the balance.They began to raise my limit knowing there are earing interest off of me. cynthia
RE: Paing full balance of cred I'm thinking i might try this approach too. I've always paid off balances in full, and not seeing much growth in the past. I'll reduce to 75% and accrue some savings. Sounds stupid, but it makes sense to me. If i pay 20$ a month on interest, thats nothing if it increases my rate of credit re-growth
RE: Paing full balance of cred I always pay down but not the full balance. Sam, thought you knew to do that already esp. with Providian. roni
