Credit Card Discussion Thread

[4North1Side2]

Charge stuff on credit cards. Let the statement post and pay if off after that but before the due date.

Never make 30+ day late payments and if you have stop making them and distance yourself from them.

Don't have anything in collections and if you have settle them and distance yourself from that.

Keep your oldest credit accounts open and active by charging something on them at least once a year and paying it off.

Keep your credit utilization low meaning the amount you have on credit vs the limit of the card. I'd say under 10% if possible. Mine is 4%-5%.

Having a mix of installment loans and revolving credit helps but isn't required.

Keep that stuff going for years and you'll have a 750+ score.

Thanks.

That's some bullshyt tho, car companies always advertising these crazy great deals but when you read the small print, it's always reserved for folks in the 800 range.

Is their any major difference from 740 and the 800 range really? Since my girl turned 18 I drilled in her how important credit is. Credit rating system is bullshyt. Been stuck in the 740 range for months now, currently at 746. She keeps her accounts at $0 and pays off balances immediately. Her available credit is $16,000. She's not getting these crazy limit extensions out of no where like everyone else. Her credit is young tho, her oldest account is a little over 1.5 years old

 

[Akata Man Bromo]

I have a capital one venture one card with a 10k limit. Pay all balances asap. Probably will get another without an annual fee as well.

I have the same card with the same amount... It seems like it's gonna take me ten years to get a free flight breh

 

[winb83]

Thanks.

That's some bullshyt tho, car companies always advertising these crazy great deals but when you read the small print, it's always reserved for folks in the 800 range.

Is their any major difference from 740 and the 800 range really? Since my girl turned 18 I drilled in her how important credit is. Credit rating system is bullshyt. Been stuck in the 740 range for months now, currently at 746. She keeps her accounts at $0 and pays off balances immediately. Her available credit is $16,000. She's not getting these crazy limit extensions out of no where like everyone else. Her credit is young tho, her oldest account is a little over 1.5 years old

You aren't supposed to pay things off right away. When you buy something until it prints on an actual bill the payment isnt due. If you pay it off before then it won't show up on your credit report and there's no benefit. Once the bill prints out it has a statement balance and you pay that before the due date. That way it shows on your credit report as you having a balance but you don't have to pay interest on the balance.

 

[NkrumahWasRight Is Wrong]

I have the same card with the same amount... It seems like it's gonna take me ten years to get a free flight breh

Yeah I'm a little disappointed at this thing lol. I have like 500 miles after 3 weeks of use or so

 

[Akata Man Bromo]

Yeah I'm a little disappointed at this thing lol. I have like 500 miles after 3 weeks of use or so

I have like 5,600 miles and Im no where near a free flight..... I pay all my bills with the card and pay it all back in roughly 25 days. Im about to apply for the cash back card 30k in credit is a good look when you invest it in a income producing asset

 

[NkrumahWasRight Is Wrong]

I have like 5,600 miles and Im no where near a free flight..... I pay all my bills with the card and pay it all back in roughly 25 days. Im about to apply for the cash back card 30k in credit is a good look when you invest it in a income producing asset

So a mile isn't a mile? fukk is that? I started getting suspicious when I saw the $ equivalent under the miles

 

[Akata Man Bromo]

So a mile isn't a mile? fukk is that? I started getting suspicious when I saw the $ equivalent under the miles

Lol nah breh it's a "point" and the points get you the "miles" so you can fly... You need like 20-60k miles to get a R/T flight

 

[The Mad Titan]

Lol nah breh it's a "point" and the points get you the "miles" so you can fly... You need like 20-60k miles to get a R/T flight

Biggest rip off.

I would have never applied for the card I got if I would have understood that back when I got mine.

 

[LezJepzin]

I just got my Capital 1 Platinum Card last month and my score already increased by 35 points

 

[winb83]

I sent Chase a message and they're gonna convert my oldest credit card which is now a Chase Slate into a Freedom Unlimited. That Slate card was useless to me outside of it keeping such an old card on my credit report. As a Freedom Unlimited card it gets 1.5% cash back. Now I just gotta call Citi and get them to convert my useless Diamond Preferred into a Citi Double Cash.

 

[RNS]

Thanks.

That's some bullshyt tho, car companies always advertising these crazy great deals but when you read the small print, it's always reserved for folks in the 800 range.

Is their any major difference from 740 and the 800 range really? Since my girl turned 18 I drilled in her how important credit is. Credit rating system is bullshyt. Been stuck in the 740 range for months now, currently at 746. She keeps her accounts at $0 and pays off balances immediately. Her available credit is $16,000. She's not getting these crazy limit extensions out of no where like everyone else. Her credit is young tho, her oldest account is a little over 1.5 years old

As time goes on it will rise. The eldest and youngest account open play a factor.

 

[mannyrs13]

Just got my American Express in the mail today and I was just looking at the chase unlimited offer.

I need to control myself. No more signups until atleast labor day.

Trying to decide what to focus my recent paycheck on right now. Got three options. I can pay off my Amazon card that's around 500. I can send it to my boa card that's about 1500 but zero interest. Or I can just send it to the car that's at 5500. I think I'm gonna pay off my Amazon card and use my next check to pay the car.

 

[TRFG]

Just got my American Express in the mail today and I was just looking at the chase unlimited offer.

I need to control myself. No more signups until atleast labor day.

Trying to decide what to focus my recent paycheck on right now. Got three options. I can pay off my Amazon card that's around 500. I can send it to my boa card that's about 1500 but zero interest. Or I can just send it to the car that's at 5500. I think I'm gonna pay off my Amazon card and use my next check to pay the car.

Live pay check to pay check, brehs

 

[mannyrs13]

Live pay check to pay check, brehs

Oh, not even. I got money saved to pay everything off but I'm not trying to do that. I'll still have money left over after paying the card tho. Not like I'll be at zero.





It's hard out here for us no cert brehs.

 

[lotteryplaya]

great thread