Originally Posted by
jamflyer
Applying that to a rather larger trade line yields some cash....I was tempted to do it for various reasons, however, good sense wins out in the end.
I took out $80K with Citi and my credit score went up 5 points. I was quite surprised to say the least. Only reason I can think of is that the card was a World MasterCard and the credit limit wasn't getting reported before.
So I just took out another chunk, with BofA. I'm getting $400/month in interest (pre-tax). Well worth it for me. Now, if Chase would only cooperate and drop from 1.99% to 0%...
I'm keeping my wife's credit record squeaky clean, just in case though.