Posted by gerald on July 11, 2002 at 23:36:16:
Last year I bought a collector car, was hoping to sell my old one for $15,000, but couldn’t in time to close on the new one.
One of my dormant credit cards had a $15,000 limit and a blank check to access it. I wrote the check for the $15k, was able to buy the new one, and was able to sell the old one and repay the 15k in a couple of months.
My fico jumped from 720 to 744 and the credit card company sent me a nice letter upping my credit limit to 25k.