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Lots of knowledge and contradicting info in here, just like all over the Internet.
for real man, I dont even know what to believe
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
for real man, I dont even know what to believe
superb
Banned
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No he was right. You ant to try and keep like a 20-30% balance.
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its a forum with people obsessed with their credit
its a good forum with lots of info, lurked a lot times
its a good forum with lots of info, lurked a lot times
superb
Banned
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i have no idea why anyone would leave a balance on a CC unless it was 0% interest...i pay my statement balance every month
i have a 750+ credit score
i have a 750+ credit score
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some people have to or forced to?
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Credit cards is chump change when you want to build your credit. You can boost your credit to the mid-700 with credit cards but without big purchases like a car, it's not really going to get you very far.
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Not necessarily. It's the best way to keep money in your pocket, which is the whole point in having a decent credit score in the first place.
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I have it setup through bank of america so it automatically pays my credit card with my $ from checking account. Will this build credit? (slowly?)
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They don't care how you pay it, as long as you do.
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I need to be in here. I have no credit at all and just finished school.
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Received one of those Capital One pre-approved letters today, decided to go online and apply and just got approved for a credit of $300. Interest is 24% . It's all good cause I'm just going to use this card for gas and maybe my phone bill.
My plan is to increase my credit by at least 50 points this year. I hope to finance a cheap reliable car as well.
. It's all good cause I'm just going to use this card for gas and maybe my phone bill. My plan is to increase my credit by at least 50 points this year. I hope to finance a cheap reliable car as well.
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If anyone wants to apply for a Discover IT card then PM me, we both get $50 
Helped Francox23 get one, we both got paid
Helped Francox23 get one, we both got paid
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If anyone wants to apply for a Discover IT card then PM me, we both get $50
Helped Francox23 get one, we both got paid
Was going to hit you up for that referral but decided to wait a few more months and build some more credit. Did some research and found out that just because you're "pre-approved" doesn't really mean you're approved. Don't want to take a chance and apply and take a hit on my score if I get denied.
I'll def PM you when I apply tho
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Ive been thinking about applying for this card, but im going to get my REAL credit score and credit report first. Credit Sesame says my score is 773 and they use the score from experian, credit karma says its 690 and they use trans union which it seems to be the one bureau that most places ignore..If anyone wants to apply for a Discover IT card then PM me, we both get $50
Helped Francox23 get one, we both got paid
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I'm 26 and I have the following...
Capital One CC- Credit limit $3000
AMEX Blue Sky Rewards CC- Credit limit $3000
BestBuy (Citibank) CC- Credit limit $4000
Express CC- Credit limit $600
Got a little CC happy and got the first (3) in a 2 month span- NOT a good look and do NOT recommend.
Regardless I have over a 700+ score and will agree with people in here, UTILIZATION is probably the most important part in credit cards. I have talked to finance majors several credit gurus read tons of forums and now a days 10% is what banks look for anything over that is considered negative.
I do got a question though for anyone that has knowledge on this...
I want to request an increase on my AMEX and CAP1 cards its been over 2 months and never been late and always paid more then minimum. How much do I ask for? Do I ask for increases on both cards at the same time? Is there a limit that's too much to ask for? I'm looking for at least 8-9k on both, is that possible?
Would requesting an increase effect in any way getting a new auto loan? Or effect the APR on that loan?
Thanks!!
Capital One CC- Credit limit $3000
AMEX Blue Sky Rewards CC- Credit limit $3000
BestBuy (Citibank) CC- Credit limit $4000
Express CC- Credit limit $600
Got a little CC happy and got the first (3) in a 2 month span- NOT a good look and do NOT recommend.
Regardless I have over a 700+ score and will agree with people in here, UTILIZATION is probably the most important part in credit cards. I have talked to finance majors several credit gurus read tons of forums and now a days 10% is what banks look for anything over that is considered negative.
I do got a question though for anyone that has knowledge on this...
I want to request an increase on my AMEX and CAP1 cards its been over 2 months and never been late and always paid more then minimum. How much do I ask for? Do I ask for increases on both cards at the same time? Is there a limit that's too much to ask for? I'm looking for at least 8-9k on both, is that possible?
Would requesting an increase effect in any way getting a new auto loan? Or effect the APR on that loan?
Thanks!!
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don't get a credit card
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amex- ask for $9,000. make sure you've had the account for at least 60 days. Thats what I did and got approved. Wouldnt try to get a limit increase with the cap 1 card.
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Ive been thinking about applying for this card, but im going to get my REAL credit score and credit report first. Credit Sesame says my score is 773 and they use the score from experian, credit karma says its 690 and they use trans union which it seems to be the one bureau that most places ignore..If anyone wants to apply for a Discover IT card then PM me, we both get $50
Helped Francox23 get one, we both got paid
my credit is less than both of those and i easily got approved for a $1,500 limit with them.
while i dont have bad credit, i have no negative on my report but my report is very young and not much on it. its slowly going up.
the only reason i refer the card is because of all the cashback with NDC, FTL, and pretty much every website on the net. saving $20+ on Jordans come release day is damn good.
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Any reason why not the CAP1? It's hard using under 10 % utilization with a cap at $3000.
Would asking for increase effect my credit score at all or is it a soft pull?
Thanks
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I dont think it's a hard pull. I recently applied for a limit increase with cap1 after having the account for over a year and got denied because they said I dont use enough of what i already have to need an increase.
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So I recently got my first credit card back around september or so and I've been reading through here. Good stuff. I just wanna make sure I understand this completely. So I hope someone can help me out.
-I have a limit of $1000
-lets say I spend around $400 for the month
So what you guys are saying is I'd want to pay off over $300 of that, like leave less than $100 left to still be paid. Then pay that left over amount on the due date?
Because if I pay it all off well before the due date it doesnt get reported?
-I have a limit of $1000
-lets say I spend around $400 for the month
So what you guys are saying is I'd want to pay off over $300 of that, like leave less than $100 left to still be paid. Then pay that left over amount on the due date?
Because if I pay it all off well before the due date it doesnt get reported?
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Am I only one that pays it all back right after I charge it?
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No, you'll want to pay it all off every month (otherwise paying interest defeats the point of a good credit score). You just don't want to use more than 10% in a given month.
The credit tool that most people overlook here is the overdraft line of credit on your checking account. It'll be reported the exact same as your credit card, but protect you if you overdraft your checking account.
