- - What would flyertalk do?
(https://www.flyertalk.com/forum/credit-card-programs/686079-what-would-flyertalk-do.html)
jamflyer
May 3, 2007 9:12 am
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.
canuck_in_pa
May 3, 2007 9:39 am
Originally Posted by jamflyer
(Post 7680940)
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.
canuck_in_pa
Jun 8, 2007 9:22 am
An update... once the second large balance (90%+ of available credit) hit the credit report my score took a 40 point nose-dive. So looks like one is OK in the FICO algorithm but it goes nuts with multiple ones.
