Newbie question: Please explain “gardening?” and Specific Advice re: Cards

Newbie question: Please explain “gardening?” and Specific Advice re: CardsNewbie question: Please explain “gardening?” and Specific Advice re: Cards
JosephImips asked 3 years ago

Hi all-  I’m pretty new to this forum, and am going to take place to actively build my credit in the near future.  So i’m just lurking and reading….

 

I keep seeing references to “gardening,’ and wonder if someone could give me an explanation and best practices?  I know it has to do with growing credit card limits/new cards selectively.  Please explain?

 

My FICO 8 scores are all in the mid-600’s right now, and I’d like to shoot those up to mid 700’s.   I have three cards in my wallet:

 

Capital One Quicksilver- $ 1000 limit.  $ 20 balance, paid on time for three years straight.  I’ve never asked for an increase nor have they offered without prompting.

 

My local credit union card-  $ 500 limit.    $ 9 blance, paid steadily for five years.   No incresase in limit sought, none offered.

 

Credit one card-  $ 300 limit.  $ 9 balance.   This one is only 6 months old and I just added it for extra utilization.  Despite everyone’s dislike of Credit one, I don’t find it bad.

 

Should I be seeking to increase the limits on all of these?  New cards?  Any advice is helpful…..Thanks!

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