I maintain low balances ($1k-2k) per month and pay off any credit card balances in full each month. The cards I use are Citi Double Cash (2% everything), Chase Freedom (just for the 5% category), Chase Ink business (just for the 5% categories). Also have Paypal Extras, Wells Fargo, which never get used.
Current credit lines on my cards already range from 15k to 40k (total of $130k) and I'm using nowhere close to even 25% of available credit on any single card.
Should I be requesting credit line increases on all my cards as high as I can get? I wouldn't use this credit, it would only be for any benefit to credit score (already 800+).
How often should I request increases to my credit lines?
What are the downsides if any? Is there ever too much (assuming I am responsible to never use it)?
Submitted February 22, 2017 at 04:01AM by switchonlight http://ift.tt/2mkH52n
