Originally Posted by
Lobachevsky
A credit line is the amount you can owe on a card at a particular time. If you have a $1000 CL and you charge $250, you can still charge $750 more--and if you pay the $250 you owe, you can then charge $1000 more. It's a LINE OF CREDIT--it's not a limit to how much you can spend per month.
Interesting. I sincerely wish you the good luck to cycle 5x or more of the CL.
A lot of the shut-downs are caused by CL cycling. If you cycle a Citi DC or Fidelity Visa with $20,000 CL 5 times a month, I'm sure Citi and Elan will shut you down in no time. That is a $2,000 loss for each card.
Same with BA Premium Rewards and other high rewards cards without any reward limits....