Originally Posted by
mapsmith
First off, I am not a financial advisor and never would suggest that I am. Back in the dark ages when I was a student, I was told the best way to increase my credit limit was by paying for credit.
IMHO, not so. The creditors (other than the reporting creditor) have no idea as to whether or not you pay off your bill in full or you don't. The bureau reports do not contain this information.
What counts is "paying as agreed." That is, you never miss at least the minimum payment on your various accounts (obviously, it would be best, interest wise, to pay in full each month).
Then, each account will be reported "paid as agreed" and your credit will be golden and the miles will come pouring in.
