Today I wanted to see if the credit crunch was having an impact on my credit cards so just for fun I logged in to my Advanta credit card account and processed a credit line increase:
To my surprise they added an additional $2000 to my credit line making the new limit $5000. I have never used this account, I opened it back in early 2006 to do a balance transfer but my total credit line at the time was only $2500. The ongoing rate for this card is 7.99% and they also have 5% cash back on gasoline purchases and electronics.
Don’t worry, I’m not going to use this card, the balance will remain 0.