Credit Limit Increases and Credit Card Management

What is the speaker's approximate credit score range mentioned in the introduction?

• 800-810

• 650-660

• 700-710

• 770-780

How does an increased credit limit affect credit utilization?

• It decreases credit utilization.

• It doubles the credit utilization.

• It increases credit utilization.

• It has no effect on credit utilization.

What is one reason the speaker gives for not requesting a credit limit increase?

• Fear of rejection

• Concerns about hard inquiries

• Preference for cash transactions

• Lack of understanding of credit limits

What is a soft inquiry in the context of credit limit increases?

• An inquiry that permanently lowers your credit score

• An inquiry that doubles your credit score

• An inquiry that requires a credit card application

• An inquiry that does not affect your credit score

Which of the following is a tip for managing credit utilization effectively?

• Always spend up to your credit limit

• Prepay your balance before the statement closes

• Ignore your credit card statements

• Apply for multiple credit cards at once

What is the benefit of keeping your income updated with credit card issuers?

• It guarantees a credit limit increase

• It may lead to an automatic credit limit increase

• It reduces your credit card interest rate

• It allows you to skip monthly payments

Which credit card offers a 200 bonus and 5% back in high spend categories?

• City Custom Cash

• Sofi Credit Card

• Capital One Quicksilver

• Chase Freedom Unlimited

What is a key feature of the Chase Freedom Flex card?

• 2% back on travel

• 5% back in quarterly rotating categories

• 5% back on all purchases

• No sign-up bonus

Which card is recommended for a flat rate of 1.5% back on all purchases?

• City Double Cash

• Sofi Credit Card

• Chase Freedom Unlimited

• Capital One Quicksilver

What should you do if you want to avoid getting denied for a new credit card?

• Use only one credit card

• Check out tips for getting approved

• Ignore your credit score

• Apply for multiple cards at once