Personal experience.Originally posted by: MrChad
What's your source on this?Originally posted by: soonerproud
Yes. If he must leave a balance on the card pay double the minimum. On #2 I was talking about the entire balance except the $100.Originally posted by: MrChad
You suggest that he pay double the minimum payment in #2, the entire balance and #3, then leave $100 on the card in #4.
The $100 is money he should forget is on the card for the time being to help improve his credit.
By leaving a small balance on the card, the issuer is more inclined to raise the limit. All the cards I left a zero balance on never were raised. The ones I left just a small balance on were and this also improved my credit score.
The advice in number 4 is only to help get a raise in the limit and nothing more.