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elSicomoro · 11-02-2002, 01:01 PM

In 8 years, I've only been late on one payment (my Mobil card this past summer, and I was only late b/c I forgot about it...it arrived a few days late).

When you carry a balance, and make the appropriate payments, it shows creditors that you know how to use a card. Over time, it gives you bargaining power for higher limits or lower interest rates.

I don't know how many of you have a May Department Stores credit card (Robinsons-May, Famous-Barr, Filene's, Hecht's, Strawbridge's, Kauffman's, Foley's, etc.), but if you carry a balance on it, and pay it off in installments (on time of course), they bump your limit up without even telling you. I had a F-B card when I was in St. Louis, and I only used it here and there to buy clothes. My credit limit went from $200 to $800 to $2000. When I moved to DC and got my Hecht's card (you couldn't use one May card between the various stores at the time), it was "open-ended," as in no limit. Not that I would ever use that much credit, but that was pretty cool.

11-02-2002, 01:01 PM	#10
elSicomoro Person who doesn't update the user title Join Date: Jan 2001 Posts: 12,486	In 8 years, I've only been late on one payment (my Mobil card this past summer, and I was only late b/c I forgot about it...it arrived a few days late). When you carry a balance, and make the appropriate payments, it shows creditors that you know how to use a card. Over time, it gives you bargaining power for higher limits or lower interest rates. I don't know how many of you have a May Department Stores credit card (Robinsons-May, Famous-Barr, Filene's, Hecht's, Strawbridge's, Kauffman's, Foley's, etc.), but if you carry a balance on it, and pay it off in installments (on time of course), they bump your limit up without even telling you. I had a F-B card when I was in St. Louis, and I only used it here and there to buy clothes. My credit limit went from $200 to $800 to $2000. When I moved to DC and got my Hecht's card (you couldn't use one May card between the various stores at the time), it was "open-ended," as in no limit. Not that I would ever use that much credit, but that was pretty cool.