- Centurion Member
- Posts: 125
- Joined: Wed Dec 05, 2012 12:47 pm
- Location: Iowa
When using starter cards to try to work up to better cards, how heavy should you use the starter card for best results?
This question is focused on what the individual issuer likes to see. I have a Capital One card with a $750 limit and I've had it for about a year. I figured it up and I ran about $3,000 through it since I've had it which a friend of mine said was pathetic and unprofitable to Capital One.
I checked with US Bank because I would really like to work towards a cash+ card but I'm going to have to start with a Platinum card with no rewards.
My current bank that I've used for 20 years doesn't have credit cards, but they push using debit cards really heavy. I really don't feel comfortable having a debit card tied to my entire balance and I've tried talking to them about it but still they sent me a debit card. When I didn't use it for 6 months, they called to ask me why I haven't used it. They said I should use credit more sparingly and use debit for everything else. What I did was to open an online account with ING Direct then move money to them in case I need to use a debit card, but I only keep about $500 in the account unless I know I need something.
What I would like to do is use a credit card for everything I've used debit for in the past, but now I have to max out my cards then wait for my limits to restore which can take a few days, until then I don't have a credit card with available credit so I end up having to use debit a couple of days.
It's where it has me wondering if I should apply for another card and spread spending over multiple cards even though some cards will see very light use or if I just just focus on using one card and use it as much as possible.