tag:blogger.com,1999:blog-22955634.post6842870875325494266..comments2023-11-02T09:05:19.827-04:00Comments on Growth in Value: Is a higher credit limit worth it?GIVhttp://www.blogger.com/profile/00696914649890834002noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-22955634.post-31290560672225604042007-12-04T02:50:00.000-05:002007-12-04T02:50:00.000-05:00Having a credit card you should always check and c...Having a credit card you should always check and control your spendings. If your credit limit is exceeded it's to a credit card company's profit but it's your trouble.Karenhttps://www.blogger.com/profile/08246128517970435527noreply@blogger.comtag:blogger.com,1999:blog-22955634.post-12240238523249941132007-08-15T02:47:00.000-04:002007-08-15T02:47:00.000-04:00With modern credit card terms you should always be...With modern credit card terms you should always be on your guard, as banks do what they want. Check your credit limit and balance - you are sure you control everything - but they rise the interest rate.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22955634.post-6331406802373930122007-05-15T06:01:00.000-04:002007-05-15T06:01:00.000-04:00Once I had exceeded my credit limit. It was my fir...Once I had exceeded my credit limit. It was my first and the only time. I am such a right credit card user. I had to pay not so large fee. But I enjoyed my shopping. It was great!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22955634.post-14343439395580072532007-05-09T02:49:00.000-04:002007-05-09T02:49:00.000-04:00One more important thing: do not exceed your credi...One more important thing: do not exceed your credit limit when you are purchasing. Otherwise, you have to pay penalty fees. Do you need it?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-22955634.post-37039762531121248172007-01-23T12:07:00.000-05:002007-01-23T12:07:00.000-05:00Credit limits count AGAINST you when you apply for...Credit limits count AGAINST you when you apply for a mortgage since each credit facility is counted at it's full value and thus your possible mortgage drops by about that amount. <br /><br />Lowering your credit limit is fun, but not easy. MBA classes typically have it as a case study for new students (it's that much fun!). --C8jAnonymoushttps://www.blogger.com/profile/10352479211480315140noreply@blogger.comtag:blogger.com,1999:blog-22955634.post-58249598110476641892007-01-22T22:13:00.000-05:002007-01-22T22:13:00.000-05:00Your credit score should go up if you lower your l...Your credit score should go up if you lower your limits.<br />Your score is partially a function of capacity, higher your limit lower your capacity lower your score. Having no delqunicy on your bureau is the most important factor in your burea score, so dont miss any payments...the reason your ,limit goes up is because your score most be going up(longer you had the card, without missing payment the higher your score)the bank raises your limit to eat up your capacity so you look less attractive to other lenders and dont switch companiesAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-22955634.post-46786752757730467752007-01-22T21:05:00.000-05:002007-01-22T21:05:00.000-05:00I believe that part of your credit score is based ...I believe that part of your credit score is based on how much of your available credit you are using. Thus, if you get the $2000 credit limit on your Visa card, and run it to the limit each month, your credit score would be lowered, as you are using 100% of your available credit. You might learn more by searching on the term "FICO Score"NFtoBChttps://www.blogger.com/profile/17131433284884893929noreply@blogger.com