So my credit card limit is 500 bucks. Bank of America. Let's say I use up 500 bucks in one week, and I pay off my balance right away. Does that mean I will get 500 bucks limit again as soon as I pay the balance off, or do I have to wait for another month for me to get 500 dollar credit limit?
So basically I want to spend 3000 bucks in one month with my credit card even though my credit limit is 500 bucks. I am thinking I can just use it and pay it off right away, and use it and pay it off right away, like that.
But maybe the rule is that i only get 500 bucks credit limit per month.
please help.
2006-09-29
04:21:06
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20 answers
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asked by
Anonymous
in
Credit