in order to optimize your cl increases, is it better to carry low balances, say 20 to 25 percent, or is it better to have higher balances and make bigger payments? Or is there another method.
NO SET RULE... I have made $5,000 payments and still NO LIMIT INCREASE... I "MAXED OUT" a card...$20,000+ and PAID IN FULL IN 6 MONTHS I "MAXED OUT" a card and paid in full in 2 months... Paid min. payments. Paid 3 times min. payments. NOTHING (LIMIT INCREASE WISE)!!! Sometimes it is better to SOCK DRAWER IT FOR A FEW MONTHS...
Each company is different. Generally, the old saw about banks only giving credit to those who don't need it is valid. Don't look like you really need the CL increase and they will come. MAX OUT the cards etc... and probably not.
I have even had a card with a limit of about $5,000 and NEVER went above $500.00 on it...THEN I ASKED FOR A LIMIT INCREASE~~~THEY BASICALLY SAID WHY???
