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Worse, late payment may cause you to forfeit some or all of the rewards you've accumulated. By the time your account is 180 days late, i.e. you've missed six payments, the card issuer will typically charge-off the account, writing it off as a loss. The charge-off goes on your credit report and stays for seven years.
Pay your bill on time for at least 6 months. Of course, you should always pay your credit card bills on time, as late payments could result in credit limit (and credit score) decreases.Six months is simply the minimum amount of time you will have to make timely payments on your account before creditors will even consider raising your credit card limit.Ad. If one card has a higher limit, for example, move debt onto that card and off the card with the lower limit. 2  Do this so that both credit utilization ratios more or less balance out. 3  Shoot for a credit utilization rate (debt to limit ratio) of about 10%.