• Jo Miran@lemmy.ml
    link
    fedilink
    arrow-up
    8
    ·
    3 days ago

    My oldest credit line is exactly 20 years old. I genuinely don’t know why it isn’t higher, but it doesn’t affect me in any way, so I don’t care

    • village604@adultswim.fan
      link
      fedilink
      English
      arrow-up
      3
      arrow-down
      2
      ·
      3 days ago

      How much are you putting on your card each month? If it’s a relatively low amount, that might be a contributing factor.

      • dingus@lemmy.world
        link
        fedilink
        English
        arrow-up
        2
        ·
        3 days ago

        To add to this, I found out that paying the statement balance before it’s due harms your credit score. Because then when the statement comes out, it shows that you owe zero and this makes it seem like you’re not using your card. At least, this has been my experience.

        So, DO pay your full balance on time each month, BUT you need to wait for the statement balance to be generated before doing so.