I'm aware that you need to make a profit to banks so they will increase credit limits, decrease APRs and so. So your Credit Will go up.
Well... I've been like 6 months keeping a balance on all my credit cards. The balance on all of them was always between 10% and 15% of the credit limit. I've been always paying these credits cards like:
- Store cards = Double amount of minimum payment due (so if $10, I've paid $20)
- Bank card = $100 (usually x5 or x6 of minimum, as it has always been $15 or $20)
I have a extremely strong goal for saving money. It makes me struggle a lot and sometimes too much (well.. I do not cut down in hanging out, purchasing organic groceries, clothes or Magic The Gathering cards, but I need to make good accounting
This month, I've purchased a new laptop and some additional purchases. All of this with my best credit card.
I'm using the 90% of my credit limit on this card. I know this is not good, but I've been using the Credit Analyzer tools from Citibank and it came out it's best to have one maxed out for one month an my remaining credit cards with no balance, that $400 on each credit card. But this is not the question, my question is:
Will the banks think I'm not profitable (do not remember the name) if I stay a couple or three months with $0 balance? (I won't even use them) I want to pump my credit a bit more to 770 (my goal) and if I do that, will be.
So I plan to keep on all but one (the 90% one) an amount of $0 balance for three or four months. I'm planning in paying $400 every month for the 90% one.
Thanks!!!!
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