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- Oct 22, 2004
Sometimes credit lines increase without you wanting them to, I use the card often and immediately make a payment...so say I go and spend 100$ I'll use the card and make a payment of 100$ to build my credit....in due time the limit just goes up.....my broinlaw is getting married and the bridesmaids are all getting their dresses from Jcrew...it'll come out to probably 2k+ total, I can help them out and out it all on my card and have them pay me slowly, builds my credit even more and that high limit you didn't find any benefit on just came through...im not the first or last person with high limits on store cards and 4k really isn't all that much.
Please don't pay interest in the name of "building credit"
Only way it makes sense is if Steez pays it off right away and essentially just gives his fam an interest free loan. Otherwise he's paying the interest for them plus giving them the interest free loan, maybe he's just being nice and absorbing the cost for them?