A
ashley.wu78
Guest
Got a pretty unique situation. Messed up my credit while in college but I've been able to grow my online marketing company to doing 7 figures per year. The company spends $4000 per day on a corporate credit card opened by my partner.
I was thinking about getting a secured credit card for $10,000 and using it to pay marketing costs at $1,000 per day, and paying it off completely every week for the duration of 9 months. Will this have any impact on my credit and how much my credit limit will be when I get an unsecured card? Or will this impact me negatively because it uses too much of my available credit?
Our corporate card went from $10,000 credit limit to $50,000 in 2 months doing this. I'm wondering if it even matters since my personal card will be a secured card.
I was thinking about getting a secured credit card for $10,000 and using it to pay marketing costs at $1,000 per day, and paying it off completely every week for the duration of 9 months. Will this have any impact on my credit and how much my credit limit will be when I get an unsecured card? Or will this impact me negatively because it uses too much of my available credit?
Our corporate card went from $10,000 credit limit to $50,000 in 2 months doing this. I'm wondering if it even matters since my personal card will be a secured card.