Just Got a Credit Line Increase

supastar1568

Senior member
Apr 6, 2005
910
0
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yea, Im happy, I just got approved for a credit line increase on my Bank of America card.

It was previously a limit of $3000, I got a CLI of $4000, giving me a total credit line of $7000.

my current balance:

$0 Dollars
 

EKKC

Diamond Member
May 31, 2005
5,895
0
0
credit limit doesnt mean anything. i have a credit limit of 14000 and my income is only half that at best a month
 

supastar1568

Senior member
Apr 6, 2005
910
0
76
Originally posted by: EKKC
credit limit doesnt mean anything. i have a credit limit of 14000 and my income is only half that at best a month

yea, but it helps my credit score.


7000 dollar limit with 0 balance is better than 3000 dollar limit with 0 balance


yea, its a slow day:)
 

supastar1568

Senior member
Apr 6, 2005
910
0
76
Originally posted by: gigapet
wow your e-penis must be getting huge.

its as big as it can get


no but seriously, not really an "e-penis" type of thing.

Stuff like this is important since I plan on buying a car this summer/fall

It can make the difference between the car i want and the car i really want
 

Mermaidman

Diamond Member
Sep 4, 2003
7,987
93
91
Originally posted by: supastar1568
Originally posted by: gigapet
wow your e-penis must be getting huge.

its as big as it can get


no but seriously, not really an "e-penis" type of thing.

Stuff like this is important since I plan on buying a car this summer/fall

It can make the difference between the car i want and the car i really want
What's the car that you can really afford? :D

 

supastar1568

Senior member
Apr 6, 2005
910
0
76
Originally posted by: Mermaidman
Originally posted by: supastar1568
Originally posted by: gigapet
wow your e-penis must be getting huge.

its as big as it can get


no but seriously, not really an "e-penis" type of thing.

Stuff like this is important since I plan on buying a car this summer/fall

It can make the difference between the car i want and the car i really want
What's the car that you can really afford? :D

well, i can afford an SRT-4

but if I get more money down, and some good interest rate I could possibly get an Evolution 8.

 

Neurorelay

Platinum Member
Jul 21, 2004
2,195
0
0
E-penis time...I have a credit line of $25,000 with my bank......like someone said earlier, doesn't mean jack, unless I find myself up real hard for money.

Must not buy three 24" Dells.
 

supastar1568

Senior member
Apr 6, 2005
910
0
76
Originally posted by: Neurorelay
E-penis time...I have a credit line of $25,000 with my bank......like someone said earlier, doesn't mean jack, unless I find myself up real hard for money.

Must not buy three 24" Dells.

yes, it does mean a lot.

having a higher limit decreases your balance/credit limit ratio.

which is good for having a say calculating credit score
 

Neurorelay

Platinum Member
Jul 21, 2004
2,195
0
0
Originally posted by: supastar1568
Originally posted by: Neurorelay
E-penis time...I have a credit line of $25,000 with my bank......like someone said earlier, doesn't mean jack, unless I find myself up real hard for money.

Must not buy three 24" Dells.

yes, it does mean a lot.

having a higher limit decreases your balance/credit limit ratio.

which is good for having a say calculating credit score


I agree in that sense, but in terms of actual real world function, again, for emergencies only. My scores are around 720.
 

mugs

Lifer
Apr 29, 2003
48,920
46
91
Originally posted by: supastar1568

yea, but it helps my credit score.


7000 dollar limit with 0 balance is better than 3000 dollar limit with 0 balance


yea, its a slow day:)

Your utilization is 0% either way. But it's nice to have if you need it.
 

supastar1568

Senior member
Apr 6, 2005
910
0
76
Originally posted by: mugs
Originally posted by: supastar1568

yea, but it helps my credit score.


7000 dollar limit with 0 balance is better than 3000 dollar limit with 0 balance


yea, its a slow day:)

Your utilization is 0% either way. But it's nice to have if you need it.

nah, i use it when I have the money on hand.

For example I bought my 7800gt with the card, and scheduled an online payment for that night.

 

Rumpltzer

Diamond Member
Jun 7, 2003
4,815
33
91
Originally posted by: supastar1568
Originally posted by: Mermaidman
Originally posted by: supastar1568
Originally posted by: gigapet
wow your e-penis must be getting huge.

its as big as it can get


no but seriously, not really an "e-penis" type of thing.

Stuff like this is important since I plan on buying a car this summer/fall

It can make the difference between the car i want and the car i really want
What's the car that you can really afford? :D

well, i can afford an SRT-4

but if I get more money down, and some good interest rate I could possibly get an Evolution 8.
I'm sorry, what are we talking about here? BofA bumped up your credit line on a credit card? If so, I don't understand what that has to do with your upcoming car purchase.

Your dealer will let you put a car on a credit card (or some other type of card)??

I thought I was fortunate when my dealer let me put up to $5000 on my credit card (airline miles!), and I jumped at it. Is it common at all car dealerships?
 

supastar1568

Senior member
Apr 6, 2005
910
0
76
Originally posted by: Rumpltzer
Originally posted by: supastar1568
Originally posted by: Mermaidman
Originally posted by: supastar1568
Originally posted by: gigapet
wow your e-penis must be getting huge.

its as big as it can get


no but seriously, not really an "e-penis" type of thing.

Stuff like this is important since I plan on buying a car this summer/fall

It can make the difference between the car i want and the car i really want
What's the car that you can really afford? :D

well, i can afford an SRT-4

but if I get more money down, and some good interest rate I could possibly get an Evolution 8.
I'm sorry, what are we talking about here? BofA bumped up your credit line on a credit card? If so, I don't understand what that has to do with your upcoming car purchase.

Your dealer will let you put a car on a credit card (or some other type of card)??

I thought I was fortunate when my dealer let me put up to $5000 on my credit card (airline miles!), and I jumped at it. Is it common at all car dealerships?

umm, BoA increasing my line has a positive effect on my credit.

Therefore, having better credit has an effect on my car purchase