[SoCalS14]

Sykik, maybe you can help me with a rumor I heard.

This guy told me, that if you get a credit card, run up a moderate balance. THEN, when you get an offer for a lower interest rate, apply for that card, and PAY OFF the balance of the other card, then close account. When you get another offer for a lower interest card, repeat the process.

You basically just move around the balance, but you show a history of paying off cards...Said this increases your credit rating, and subsequently your credit limits.

Is this true?