I’ve decided not to go with that credit plan
I will pay my bills regularly but I’m not gonna go on that credit plan that my credit card offered me. The main reason is that I heard they’re going to “balance chase” everyone. Basically, once you pay down your balance, the company will lower your limit to just over that amount. In effect, you won’t improve your utilization because your limit keeps getting lowered.
What I plan on doing is using an extra cash that I have and throwing it at my credit union credit card. They don’t play these silly games and I’m not worried about them lowering my limit. It’s a pretty low limit card anyway, so it’s not like I can go much lower.
Once I pay off my lower limit cards, then I’ll concentrate on the higher limit one. By then I won’t care what they do with that particular card because my other cards will be paid off and I’ll have some extra cash in the bank for emergencies.
That’s really the way it should be anyway.