IDK if it's mentioned but y'all better hop on that Discover It wave
Credit Card Discussion Thread
- Thread starter Blackout
- Start date
They are pretty lenient on approvals and pretty much you can get credit line increase every 30 days.
I opened an Amazon Visa and a US Cash+ and paid off a installment loan and my Fico score fell 53 points from an 850 to a 797. Insane.
Credit Karma has me at an 820 but that's not a real Fico
Credit Karma has me at an 820 but that's not a real Fico
SireSiah#KWU
Mark 2:16-17
I think credit card companies are going to always offer the zero interest for promotion because that's part of the bait to reel people in.
Its easy to get sucked into that credit limit increase or other incentives and lose track on your promotional period and then you end up paying a ridiculous amount of interest on you purchases or even cardholder fees.
When you use the promotional period to your advantage to get things paid like how you said you intend to once the promotional period is over you got to make sure all of what you bought on the card is either: paid off or transfer the balance to another card with the 0% interest APR and 0% balance transfer.
The main thing though is to dead a card once the promotion is over and move to the next card and repeat the cycle to stay ahead of the game
JahFocus CS
Get It How You Get It
Cap One Quicksilver 
Chase Freedom
Chase Freedom Unlimited
Chase Freedom
Chase Freedom Unlimited
Y'all should watch that documentary I posted, real talk, they talk about how the zero interest concept came about. It really is a scheme to sucker people in.
Just got a cli on one of my cap ones. Went from 800 to 2050. Funny thing is I only really charge about 35 a month for my gym membership so my utilization rate bout to go down a few percentage points and my available credit overall bout to go up. Should get a few points added to my score. I'm wondering if I can lie to the cc companies. They asked me bout income. Next time ima tell them I make six figures. They bout to give me a 20,000 credit line with a maximum balance of $35. They gonna be like, this motherfukker don't need all this damn credit. 
I think that installment loan is what hurt you. The bureaus like seeing different types of credit so if that was the only one of its kind, removing it may hurt your score. Especially if it's mostly credit cards on there. Still got a great score regardless.
SireSiah#KWU
Mark 2:16-17
Exactly breh. That Warren Buffet quote you posted earlier was on point too. It's borrowed money and you got to know what you doing messing with credit cards cause the consequences behind that interest something serious. I know all to well. I don't care if you got a 800+ credit score out here. It helps but you still limited to what you can do out here if you don't got the assets behind it.
Larry Lambo
Superstar
You gotta be smart about things. Some of us have the assets to take advantage of the offers these companies make and optimize our cash flow. Others are not using it so wisely and digging themselves into a major hole.
I wasn't perfect in my younger days and racked up about 2K in debt in college, paid it off, and then racked up another 4K after a rough spot. I probably blew about $1,500 in interest charges, basically money thrown down the drain. But that was minor compared to what's going out here with a lot of people.
Now, I utilize credit cards for cash back, and take advantage of any zero interest promotions. Cash is king, so the longer I can keep possession of it (without paying interest), the more I can do from a financial standpoint.
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Platinum and Plenti AMEX
Discover IT & Cap One Quicksilver.
How you like Chase Freedom and the service?
I've been spoiled by AMEX and Discover.
Discover IT & Cap One Quicksilver.
Cap One Quicksilver
Chase Freedom
Chase Freedom Unlimited
How you like Chase Freedom and the service?
I've been spoiled by AMEX and Discover.
JahFocus CS
Get It How You Get It
I got into some crazy stupid debt when I was in college. The fukked up thing is that a $50-100 outfit to go clubbing essentially cost me 40x the amount, I would have paid upfront.
Now I'm a firm believer of paying everything in cash.
Here's a documentary I suggest everyone in this thread should watch:
These corporation are pure evil
powerful stuff