Tilted Forum Project Discussion Community - View Single Post - Switching to another credit card... Keep previous account open?

Jimellow · 07-12-2009, 10:29 AM

Thanks for the replies.

Do you have any recommendations in regards to what I should set me credit limit at?

The form allows me to set a limit, and I've read that ideally a user spends 30% of his limit per month, on average. Does that sound right?

I don't need a high spending limit, but I would like to have the option of putting larger purchases on the card without it going over the % of limit that is going to ultimately hurt my rating.

At what point does going over the % of limit negatively affect an account; immediately or only if you carry a balance? I don't carry a balance, and if the overage only applies to carried balances, I don't need my limit nearly as high.

07-12-2009, 10:29 AM	#7 (permalink)
Jimellow Junkie	Thanks for the replies. Do you have any recommendations in regards to what I should set me credit limit at? The form allows me to set a limit, and I've read that ideally a user spends 30% of his limit per month, on average. Does that sound right? I don't need a high spending limit, but I would like to have the option of putting larger purchases on the card without it going over the % of limit that is going to ultimately hurt my rating. At what point does going over the % of limit negatively affect an account; immediately or only if you carry a balance? I don't carry a balance, and if the overage only applies to carried balances, I don't need my limit nearly as high. __________________ Desperation is no excuse for lowering one's standards.