Hamster wrote:What's the best way to utilize the credit I have to get higher limits and/or better credit cards? Should I charge more and pay off before the statement closes so my ratios still look low? Thanks in advance!
When using, just keep in mind never try to go over your credit limit (which means at any time your available credit should not reach 0).
Figure out when the card issuer reports balance to credit bureau, and pay most balance before they report so they will only report as you have a low balance. Do the same thing for each card. This debt-to-credit ratio should not be higher than 30%. So you have $1500 on your US Bank card, then no more than $450 should be reported. Same goes for your other card. Of course, if you only leave 1% to 10% and let the balance report, it is even better. After the statement, pay the entire balance anyway to avoid interest.
Hamster wrote:How can I get my limits increased (obviously, the US Bank Platinum Visa will have to wait a while now since it just increased) and what other cards would be a good bet for me with a 690 credit score?
Capital One Platinum MasterCard has a policy that if you use credit responsibly within certain time after account opening you can get an automatic increase. You can call to ask for increase if they allow one for soft inquiry. But if you not, just don't try to waste a hard inquiry. With this score you definitely can wait for some months to let your FICO increase so you have better chance to get a good card.