when is it that my limit will go back to 500 again?
2006-08-17 03:15:23 · 11 answers · asked by Anonymous in Business & Finance ➔ Credit
Whe you pay them the 100.
2006-08-17 03:20:40 · answer #1 · answered by C B 6 · 0⤊ 0⤋
A credit card should only be used for convience. If you do not have the money to buy something, you don't need it. Cars and houses are an exception and don't go on credit cards.
A credit card should be completely paid off each month. A high limit is good if you want to use the card for a vacation where you may spend thousands but it still should be paid off when the bill is received. Having a balance and paying 15-20% interest is stupid.
2006-08-17 06:35:19 · answer #2 · answered by Barkley Hound 7 · 0⤊ 0⤋
Wow, if you didn't understand the in's and out's of a credit card then why did you get one or not ask about it before you did? Your available balance will read $500 when it's paid off and a zero balance is owed. You will always have that $500 limit, it's just a matter of what's available to spend
2006-08-17 07:13:40 · answer #3 · answered by purpleama456 4 · 0⤊ 1⤋
Your limit will be at $500 until you get a credit limit increase.
2006-08-17 03:33:30 · answer #4 · answered by Jayna 7 · 0⤊ 0⤋
With that question I doubt you should have a credit card. Pay off the $100 and cut the card i half.
2006-08-17 09:19:54 · answer #5 · answered by answerhog 2 · 0⤊ 0⤋
After you pay the $100 dollars (which you should pay your bill in full every month)
Never spend more than 30% of your limit ($150 in your case), pay off each bill in full every month on time, and you're credit will be nice, solid, and riase your score over time.
good luck and use your credit wisely!
2006-08-17 05:35:17 · answer #6 · answered by Queen Nefertiti 3 · 0⤊ 0⤋
When you pay the $100 back plus interest.
2006-08-17 03:43:25 · answer #7 · answered by Think.for.your.self 7 · 0⤊ 0⤋
when you pay off the $100. And actually, its not your limit that is down, it is your available balance; your limit is constant.
2006-08-17 03:20:26 · answer #8 · answered by John J 6 · 0⤊ 0⤋
Get rid of your card now. You will end up in BIG trouble with such little knowledge of credit!
2006-08-17 16:57:29 · answer #9 · answered by GA Peach 3 · 0⤊ 0⤋
well, you have to pay it off and make sure you pay off any interest you will acquire for the next billing cycle to actually bring it back to zero. make sure you check for any maintenance or servicing fees or really any fees of any kind. who knows, it may never be zero again....
2006-08-17 03:23:09 · answer #10 · answered by practicalwizard 6 · 0⤊ 0⤋