Well...these credit line questions are all over, but I need a little more clarification. I just got notification that my citicard account is able to be increased from $10,000 to $12,000. I currently have $1,000 balance on the card and will pay that off by the end of the year. I use my card only about 6-8 times a year for big purchases, (plasma's, surround sound, computers, etc.) and I pay off the card within a couple months after. What are the pros and cons of increasing my limit, and what would be in the best interest of my credit score, and the ability for me in the future to get good rates for home loans, car loans, etc.
2007-11-13
15:43:18
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5 answers
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asked by
Terry G
1
in
Business & Finance
➔ Credit