bumping credit card limits without paying interest

I recently was asked how I would raise the limit on a low limit credit card

Here is the question and my answer

Question: I recently recieved a credit card. The limit is not so high but I really plan on using it in case I have to. Can I keep on putting money into above the credit limit. Or will they eat my money up in interest? Is this wise or foolish? Thank you.

Answer: Not sure what you are asking,so I will give you an example of how I bump up my credit limits.

I pay my bills with a low limit card

example if its a 500 buck limit

I charge my cell phone and my fuel

I also see if they have a 1% cashback program

this way I get paid 5 bucks a month for the 500 in bills I charge ..

At months end,I simply take the 500 cash thats earmarked for those

bills and sitting in my bank earning interest.

And I pay the 500 limit card off in full.

I then keep up this procedure for 6 months.

after 6 months I ask for a credit line increase.

If I get it I simply charge more bills and pay them off at months end.

The vig here is that the credit card company is making money in merchant fees on each bill charged on their card.

They also are not losing money on you because they get their balance due paid in full early.

This is because you have the cash in the bank the day the bill comes.

So you can pay the bill in full EVERY MONTH.

I usually turn a 500 limit card into a 2500 limit card in 1 year.

I NEVER PAY A DIME IN INTEREST EITHER. YET MY CREDIT SCORE GOES UP.

If a credit card refuses to raise my limit after a year, I get another card.

And I let the first card sit unused for 3 months.

I then give them 1 more chance to raise my credit limit.


If they refuse they get their account cancelled and card cut up.

hope this helps