Re: Increase in Credit Limit
If you plan to possibly purchase a house anytime down the road, keep in mind the following: When the bank reviews your mortgage application, they will count as debt your maximum line of credit on every credit card you have, REGARDLESS of whether you have maxed out the card or not. They do so because you have the potential at any time to run up big bills up to your limit, so, being the conservative institituiotns they are, they count it all as debt.
I have told my credit card companies in the past to put an indefinite hold on any automatic credit increases unless i tell them to do so.
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