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More than ok. Go get ur discover pleigh boi. the score change if any will be negligible
24 Looking to build Credit... What are some good tips on your first Credit Card
- Thread in 'General' Thread starter Started by trynafeelmink,
- Start date
- 4,052
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- Sep 24, 2011
just looked up my credit report..
i only have one thing on there and it's an old phone account. **** wrecked my credit.
Is it better to slowly pay it off or save up a little and pay it off in full?
i only have one thing on there and it's an old phone account. **** wrecked my credit.
Is it better to slowly pay it off or save up a little and pay it off in full?
rcdot
formerly rennzyboo
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i've always heard that the general rule of thumb is to always pay off your account in full every month. if you do need to actually use the card a utilization ratio of 30% of your max is the most. anything over 50% utilization is bad or so i've always heard.
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I don't even have a CC yet this is just an old sprint account that's in collections.
I'm trying to debate if it's better for me to just send them something every check or wait until I have enough to pay it off in full and what difference would those two options have on my credit.
my bad if the original post is worded confusingly
rcdot
formerly rennzyboo
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oh yeah I'm definitely off the mark on that haha. if anything then I personally would just pay it off and forget about it. just think thats it's one added payments to your bills added every month. I'd like to keep my bills to absolute minimums, plus paying it off immediately would impact your score a lot sooner.
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Assuming there's interest accruing, any money you save to pay it off will be surpassed by the interest accruing on the outstanding bill.
If you've missed payments, try calling and see if they're willing to waive some of the fees in exchange for a lump sum towards the outstanding balance.
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Looking to pay my balance entirely on my cc, question is should I pay it off all at once or make payments? I've been making my monthly payments on time, but now I have enough to where I can pay it all off. Thanks in advance
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Cash is king. If ull still have a workable cushion go for it otherwise keep chipping away. In an emergency situation liquid cash trumps all.
Decided to go ahead and take AMEX 50k pts. For gettin a gold card. Got the gold premier rewards in case i do end up spendin 30k on it. (highlyyy unlikely) but i finally got a gold/platinum card
Maybe ill try n book the constantine villa on a very special promotion lol
- 3,370
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- Feb 1, 2010
glad I stumbled onto this.
found my score to be either 721 or 687, considering I flubbed up early on when I got my card a few years ago. No late payments!
Anyway, creditkarma is telling me to go for the Barclay's Arrival (not the plus, which would've been clutch).
Should I pull the trigger (or go for something else) and do I indeed have a good shot at getting it (karma is saying I do)?
found my score to be either 721 or 687, considering I flubbed up early on when I got my card a few years ago. No late payments!
Anyway, creditkarma is telling me to go for the Barclay's Arrival (not the plus, which would've been clutch).
Should I pull the trigger (or go for something else) and do I indeed have a good shot at getting it (karma is saying I do)?
- 8,443
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- May 4, 2011
So I got a credit card with wells fargo that I've had ever since I started banking with them about 8 years ago. Thinking about getting a different credit card that has better rewards and cash back, any suggestions?
District of Columbia
formerly dcmade
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- Mar 17, 2013
Gotta get surgery that's not covered by my insurance ..need about 8k. Should I get a credit card or apply for a private loan ?
- 8,140
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- Dec 3, 2007
Never get a card that has an annual fee.
You can find cards with equal if not better perks sans the annual fee.
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Right. The Arrival doesn't have an annual fee (the Plus one does).
So is that an endorsement? A yay? I just see it as free trip every year for spending the money I do spend (without an annual fee).
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View media item 1450266
http://www.barclaycardarrival.com/arrival-plus/?campaignId=1729&od=bcarrival&cellNumber=24
It looks like it does.
The fee is waved for the first year, but after that it's $89 annually.
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Try browsing through here ---> http://www.getrichslowly.org/blog/category/credit-cards/
to find a card that is ideal for you (seems like earning miles is important?)
...
to find a card that is ideal for you (seems like earning miles is important?)
...
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- 3,370
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- Feb 1, 2010
yeah that's the "plus" card which does charge an annual fee. the regular one doesn't. miles would be more appreciated yeah.
here http://www.barclaycardarrival.com/arrival-travel/?campaignId=2044&cellNumber=1
here http://www.barclaycardarrival.com/arrival-travel/?campaignId=2044&cellNumber=1
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Is it possible to buy a car straight off a credit card?
- 8,140
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Ohh I see now.
No annual fee + has what you're looking for as far as points and miles = go for it.
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This is bad info. Everyone's situation is different.
I spend alot of money on my cards for work. One card gets me 3X per $1 with an annual fee of $95 and the other gets me 2X per $1 no annual fee. For every 10k I spend on the card I get $300 back, I already have the annual fee beat and I spend alot more than 10k a month.
Usually cards with an annual fee offer more miles/cash back & better perks compared to cards with no annual fee.
Everyone has to look at what theyre spending their money on and see if the annual fee is worth paying.
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Which one is the 3x per dollar card? ^
Probably out of my credit score range but worth knowing
Probably out of my credit score range but worth knowing
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I'm comparing the citi premier vs. preferred.
If youre going to pay an annual fee for a card then you should at least be covering it with your spending but even then it's pretty pointless unless the other perks are worth keeping it for you.
If youre going to pay an annual fee for a card then you should at least be covering it with your spending but even then it's pretty pointless unless the other perks are worth keeping it for you.
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I don't see why not...as long as you have enough credit...but WHY would you wanna do that??
Interest rates on a car loan are like 2-6%
Interest rates on credit cards are like 20% or some wild ****
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- Mar 31, 2006
The discover IT and chase slate card offer no interest for 15-18 months. I'd go that route.
Some dealerships might but others wont because of the fees they'd have to pay.
If you have the cash in hand, you can use your card to earn points and pay it off right away so you dont pay interest.
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Damn. 10k a month...suddenly I need to take a long nap.
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Never really thought too much into it but it kinda makes sense to me if I were to somehow get that high of a limit, and like buddy said if I were able to get points for it.
To my knowledge, it's already cheaper for a car if you pay straight up. I'm still under my dad's car insurance so if he doesn't co-sign taking out a loan by myself would mean I would have to get my own car insurance (and license plate in my own name). And I'm not sure if my dad is cutting me a deal on my insurance (he does get a military discount) but when I was bout to lease a car I was gonna be paying double on my insurance.
I'm not a dude who misses payments but doing it that way sounds like you can lease it and it'll be harder for the repo boys to come and get ya.
Truthfully I just wanted to know if it's possible, and never rly looked into car loans as far as having good credit. I tried to buy a car with no credit and dudes was giving me the worst.
