HI Bill
Thinks s/he gets paid by the post
- Joined
- Dec 26, 2017
- Messages
- 2,556
They miss that because credit card companies measure how much credit you have available, and you much you use. They don't care about assets, and any responsible spending, other than making payments on time. Those who pay off bills in full every month don't get any extra gold stars, and neither do the multi-millionares.But, really, AMEX? I have paid my bills on time and in full for decades. How could you miss that?
THEY CARE ABOUT CREDIT USE:
1) Number of open accounts;
2) Average length that accounts have been open;
3) Account diversity (home mortgage, revolving credit, car loans, etc.);
4) Utilization (% of credit limit used);
5) payment history; and
6) number of recent credit inquiries