This topic contains 2 replies, has 3 voices, and was last updated by Anonymous 7 years, 11 months ago.
- May 15, 2011 at 12:34 pm #214895
…after you pay the bill? I’m still new to these cards so, I was just wondering. I had a $200 limit on my secured card and I spent a little more then half the first month and just paid off the whole bill. I was wondering, for this new month, is my limit again $200 or the difference between 200 and what I spent? Thanks!
- May 29, 2011 at 4:43 pm #284908
After your payment is processed, your original limit is restored. FYI, try not to use anymore than that at any time. Ideally you would use less than 10% of the limit. You only lose a few points going to 30% of the limit. But as you go higher and higher, you lose more points on your credit score. You get them back when you pay it off. But it’s a good habit to get into, to try not to use much of the limit. For now maybe that means you buy a tank of gas each month and pay it off. Good luck!
- June 12, 2011 at 10:05 am #288896
Your limit will be $200 again.
Please continue to pay for what you use in full each month.
This is the best way to keep your credit and your scores in perfect shape.
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