- Centurion Member
- Posts: 119
- Joined: Fri Sep 28, 2012 9:22 pm
- Location: Texas
mdh0910 wrote:First post...
I didn't manage my credit well as a college student and had a few charge-offs. I haven't used credit since then (around 10 years ago) until recently when I applied for and was approved for a $1000 credit limit on a Chase Freedom (checking and savings accounts with Chase).
Obviously I want a higher credit limit someday, plus at least one other card---possibly two. To that end, and with being a responsible adult (finally) who can and will pay the bills, I think I've gotten a little obsessive with the Freedom. I've run around $1200-$1500 through the card so far and I've paid the posted balance 4 times. It's been open for around 2-3 weeks; haven't received a statement yet.
So the question is, does it "look bad" to pay on the card that often---basically paying charges as soon as they post? Will they wonder why I need credit if I'm basically using the thing like a debit card? Will this hurt me in my future goals (CLI on Freedom and 1-2 future cards, 6 months to a year down the road)?
Thanks in advance!
Great job! That is the method I used with my Chase Freedom and my starting CL was $4000.00. For two consecutive six month requests, I finally graduated to a $13,000.00 CL. The CSR both times stated it was because of my usage and payment history that makes an increase of that size possible. Keep in mind, anytime you call Chase for an increase request, they will HP. Be sure not to apply for too many cards before your request, otherwise you will appear credit hungry and therefore destroy your chance of a CLI.
AMEX Green Card - NPSL [Member Since 1995]
AMEX Everyday Card ($25,000) 6/14 Backdated to 1995 - For 20% Extra Points Benefit
Chase Freedom Visa Signature ($17,000) - For 5% rotating categories
Citi ThankYou Preferred Visa Signature ($16,000) - 2% dining
Discover IT Humane Society Design ($16,500) - For 5% rotating categories
Firestone ($2,600) - For 0% financing
Home Depot ($10,000) - For 0% financing
JCPenney Credit Card ($7,000) - For special discounts
Sam's Club MasterCard - ($20,000) - 5% off gas at any fuel pump
Wells Fargo Personal Line of Credit - ($15,000)FICO's - 767 EX, 778 EQ, 790 TU [02/2015]