What's the most effective way to maintain new credit cards
I applied for two CCs, National Bank MC1, and CapitalOne. Scores are somewhere around 655 for TU, and 560 for Equifax.
Got approved for both:
NB MC1, $500 unsecured.
CapitalOne, $300 unsecured.
For credit reporting, what things should I be doing to make sure my score gets better? I was planning on using less than 30 pct of my limit each month & paying the balance in full once the statement is generated but before the due date?
Can anyone clarify if I pay off charges early (before the statement is generated), does it not report the same? Also If all I have are a couple of pre-authorized payments each month on each (ex. Netflix and Spotify) does that negatively impact my chances of getting a CL increase?
What sort of timeline should I be expecting for offers to increase my limits on the above cards?