Posted by: Big_Lebowski July 22, 2012
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1) Miles can be a good thing if used wisely. Like the chase sapphire deal. If you have upcoming expenses and can spend 3000 in useful things, than its 400 free dollars but the idea behind it is to get you spending. Also lots of cards have blackout areas, selected cash back programs etc thus getting cash back isn't as easy. However, if its free, it doesnt hurt to try it right.?
2) About, having highest credit limit being 7,500...it depends on your income too. For example, even if you have a 800 credit score, if you have 4 cards with total limit of 25K and income of around 30K, you might find it hard to get a higher limit card. Companies will also look at your income to credit limit ratio (the ones from already existing cards). So yes its normal. The bets thing would be to ask current card comapny to increase the limit. Usually they do it if you threaten them to close it otherwise.
2) About, having highest credit limit being 7,500...it depends on your income too. For example, even if you have a 800 credit score, if you have 4 cards with total limit of 25K and income of around 30K, you might find it hard to get a higher limit card. Companies will also look at your income to credit limit ratio (the ones from already existing cards). So yes its normal. The bets thing would be to ask current card comapny to increase the limit. Usually they do it if you threaten them to close it otherwise.