I guess I don’t get how credit cards work

So I paid off my discover credit card. I had owed $5,700 on it. I got capital one and I owe like 2,700 on it currently. My limit was 3k. So out of nowhere they increased my limit to 6k. I thought you had to request it?

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OlderSometimesWiser · F

Not necessarily. They’re often glad to increase your limit so you’ll spend more and if you don’t pay it off in full, that’s more interest paid to them.

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Ontheroad · M

@OlderSometimesWiser anybody who drinks coffee has an opinion on what coffee to buy, should it be already ground or whole beans, should... wait, there I go again🤣

OlderSometimesWiser · F

@Ontheroad I was gonna jump in and say FFS, just go to Walmart and get a Mainstays coffee maker for ten bucks but I was outclassed and outmatched so I got the heck out of Dodge. 🤠

Ontheroad · M

@OlderSometimesWiser good lord woman, I bet you drink tea too😅

Gusman · 61-69, M

I would pay off what you owe then cut up the credit card.
Physically save money for the stuff you want. Then you pay the displayed price. Not the displayed price plus exorbitant interest.
Discipline is all that is required.

sstronaut

Nope, if they trust you or think they can get more from you, they'll increase it.

Just keep paying it off on time and it builds up, so don't spend more than you can pay off on them.

And they'll stop automatically increasing at some point, maybe even at 6k or maybe 10k and for anymore after that you'll have to request an increase but it all depends on many many factors.

jehova · 31-35, M

They want you in debt

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