jeffs3
Jul 4, 09, 5:36 pm
Hello,
I currently have a Blue Amex card with 10K limit and they are offering me the Gold Card free for 1 year. It is my only credit card/credit report item and I currently pay the Blue card in full each month and charge 300-2500 per month on it. How would it affect my credit to open a gold card and pay in full each month? I have new credit so I am trying really hard to build it as high as possible.
I was worried that if I got the gold card it would not be good for my credit since it has no limit so I thought it might make it look like I am spending really high each month near my limit since i have heard that it calculates your limit with the bureaus as the highest balance in a 12 month period. Please help!
I currently have a Blue Amex card with 10K limit and they are offering me the Gold Card free for 1 year. It is my only credit card/credit report item and I currently pay the Blue card in full each month and charge 300-2500 per month on it. How would it affect my credit to open a gold card and pay in full each month? I have new credit so I am trying really hard to build it as high as possible.
I was worried that if I got the gold card it would not be good for my credit since it has no limit so I thought it might make it look like I am spending really high each month near my limit since i have heard that it calculates your limit with the bureaus as the highest balance in a 12 month period. Please help!