24 Looking to build Credit... What are some good tips on your first Credit Card

BeezyGotSole said:
Discover been handing out big CLIs for a minute now. Yal weren't messing with Discover then and the people who were, were scared to hit the button lol.
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lol i was tired of those $500 increases from them every month but then they did these two big ones in less than a month.

FreshPairs said:
Did my monthly CLI with discover and noticed they asked for total assets? Is this something new or they ask certain customers only? I dont remember it being there last month. I was denied last month so maybe they asked this time?
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Think they just started that or im wrong because they asked me that once I hit 21.5k recently too
 
I just put my total income was $700K so I could get the increase to $21.8K :lol:

I'm trying to get to that $24K threshold.

I believe I miscalculated my 30 days from the last increase. They allowed it within 30 days after putting the information about my income and assets.
 
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bhzmafia14 said:
I just put my total income was $700K so I could get the increase to $21.8K :lol:

I'm trying to get to that $24K threshold.
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Be careful with that bro :lol:. Wouldn't want you getting in trouble for falsifying income information. 700k is just unnecessary lmao
 
bhzmafia14 said:
I just put my total income was $700K so I could get the increase to $21.8K :lol:

I'm trying to get to that $24K threshold.

I believe I miscalculated my 30 days from the last increase. They allowed it within 30 days after putting the information about my income and assets.
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:lol: i have a 24k limit with them and made around 65k at the time they gave me that limit.
 
At what point does it make sense to have a card with an annual fee? Been getting offers for AMEX Gold and Chase Sapphire and I'm curious as to why you would pay the fee at all when there's other cards without them.

Is there a higher ceiling for credit limits or?
 
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Sapphire does have pretty solid limits. I was approved at $7,500 earlier this year. The benefits on the card are nice, but it does carry a pretty hefty annual fee. Honestly, it's one that I will keep, and it's the only one I have that does carry an annual fee. The only AMEX I have is the BCE and I like it, but I prefer my Chase cards and service honestly.
 
Olympus said:
At what point does it make sense to have a card with an annual fee? Been getting offers for AMEX Gold and Chase Sapphire and I'm curious as to why you would pay the fee at all when there's other cards without them.

Is there a higher ceiling for credit limits or?
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I have a marriott card with an annual fee of 85 or 95 I believe but its pretty much covered with the free night stay they give you every year on your anniversary date.

Also going to open a sapphire card reserve and with the 100k bonus sign up the annual fee will easily be covered for a long time with that.
 
Olympus said:
At what point does it make sense to have a card with an annual fee? Been getting offers for AMEX Gold and Chase Sapphire and I'm curious as to why you would pay the fee at all when there's other cards without them.

Is there a higher ceiling for credit limits or?
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The benefits the card offers are usually the justification for an annual fee. Free nights at hotels free checked bags travel credits etc.
 
bhzmafia14 said:
I just put my total income was $700K so I could get the increase to $21.8K :lol:

I'm trying to get to that $24K threshold.

I believe I miscalculated my 30 days from the last increase. They allowed it within 30 days after putting the information about my income and assets.
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:lol: not a damn given. I ain't even mad at that.
 
bhzmafia14 said:
I just put my total income was $700K so I could get the increase to $21.8K :lol:

I'm trying to get to that $24K threshold.

I believe I miscalculated my 30 days from the last increase. They allowed it within 30 days after putting the information about my income and assets.
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Yo that's WAYYY OD. I wouldn't play with inputting fake income like that. Some banks/issuers (Chase & Amex for sure) gives zero chances if they determine you're lying or trying to game the system.


Crazy EBW said:
That Sapphire Reserve is :smokin

The bonus is so real. Love stockpiling points and cashing in for stuff 8)
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xbiker47 said:
Looking forward to merging my freedom points with sapphire for travel use
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Need $150 to meet the $4k minimum spend :pimp: :pimp: :pimp:

After merging that 100k points and the points from my Freedom and CSP, I'm gonna have 200k to blow. Too bad I won't be able to do much traveling this or next year since I'm starting a new job and have to re-accumulate all the PTO hours.
 
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I think its a typo bruh lmaooo atleast I hope it is. Doesn't take 700K income to get 24K worth of credit lol.
 
Anybody have a template of the letter I send to the Bureaus to get an erroneous collection removed? T Mobile put those phones on my report and I sent them back, even have an email where they indirectly admitted to recieving them by crediting the value back onto my account. Should I print that too and send it? Trying to get back into the 700s
 
Olympus said:
At what point does it make sense to have a card with an annual fee? Been getting offers for AMEX Gold and Chase Sapphire and I'm curious as to why you would pay the fee at all when there's other cards without them.

Is there a higher ceiling for credit limits or?
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You should always crunch the numbers yourself to see if the pros outweigh the cons, IF you're a big spender and spend enough on the bonus categories these annual fee card's give you (3x dining, 5x airline, 2x gas, etc), you can break even on the annual fee and get way more on top of it. Especially if you redeem for travel and transfer through airline partners the cards are associated with making your points much more valuable. Also, like another person said the perks can cancel out the annual fee as some give you lounge access, free stays, rental car insurance, etc etc. There's even airline fee credit or travel credit given to you for these cards per a calendar year that cuts the AF in half, for example the Chase sapphire Reserve gives you $300 travel credit a year so you can kind of consider the $450 fee being more like $150 at the end of the day. 

In terms of better credit limits, I don't think getting a high end AF card gives you more of a higher limit shot on purpose. That's based on your credit profile to any card you apply, it just so happens cards like the Chase sapphire preferred and Reverse require a 5k and 10k minimum to obtain, but if your profile is worthy of an approval and a high limit on it you probably would of got the same high limit on ANY card anyway even a non-annual fee one. Note....some lenders do give higher starting limits than others however. It depends. 
 
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DatZNasty said:
Anybody have a template of the letter I send to the Bureaus to get an erroneous collection removed? T Mobile put those phones on my report and I sent them back, even have an email where they indirectly admitted to recieving them by crediting the value back onto my account. Should I print that too and send it? Trying to get back into the 700s
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You should be able to go directly through the bureaus website and dispute the collection. They allow you to upload any kind of proof you have. Quickest route for transunion I think is through credit karmas direct dispute. Most have their collections removed in like 2 days even without uploading proof. Other bureaus will likely take longer I think up to 30 days
 
Crazy EBW said:
That Sapphire Reserve is :smokin

The bonus is so real. Love stockpiling points and cashing in for stuff 8)
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PointedLankyGrison-size_restricted.gif
 
bluntobject50 said:
Just got my 100k points from Chase. Going to Europe for a buddy's wedding in France.
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Got my 100k too. Thought I was going to be like $30 short for this statement, but I forgot the $85 for TSA pre-check was reimbursed (still counts towards minimum spend). Got so many trips I need to get tickets for.
 
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