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post #6391 of 6408
Quote:
Originally Posted by WorldGoneMad View Post

quick question... this might sound stupid but lets say im $500 in debt and the minimum amount due is $25 by the end of the month.
If I pay that $25, then will be credit go up or down? Do I have to pay the whole $500?

also, just curious.. what % of your paycheck do you guys put into your savings after taxes? nerd.gif

Do you have to pay the whole amount? No

Should you? Yes or close to it.

I'm all for leaving a small balance but how you pay off your card is all on you. If you can control yourself then pay it off slowly but most people just abuse their credit and rack up a top of debt and get stuck making minimum payments for years while racking up tons of interest and paying a $1500 credit card in 5 years while paying more than the original $1500 charged in the end
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Lookin to get a discover card? Contact me and sign up under me and $100 FREE when you get approved. Also double cash back on all purchase for one (1) year https://refer.discover.com/s/ewgdw
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post #6392 of 6408
Quote:
Originally Posted by leemelone View Post

Can we talk about investments..Right now I'm just using acorns which is pretty much a glorified savings account. Haven't seen much of a return but then again I haven't put much into it

I don't really see how it's a savings account but the value in acorns is it takes the decision to invest out of the customers hands.

Think there are investing threads but my problem with micro investing is the associated fees start to look not so micro relative to the $ investment.
post #6393 of 6408
Quote:
Originally Posted by WorldGoneMad View Post
 

quick question... this might sound stupid but lets say im $500 in debt and the minimum amount due is $25 by the end of the month.

If I pay that $25, then will be credit go up or down? Do I have to pay the whole $500?

 

also, just curious.. what % of your paycheck do you guys put into your savings after taxes? 8o

 

How old are you? 

 

Invest as much as you can. Also, try to invest pretax if available to you. 

 

There really isnt a magic number ( though google search will yield some chart to follow) the more the better. 

 

To answer your first question. Your credit will more than likely stay where it's at. $500 isn't a lot of debit, pay it off then invest. 

post #6394 of 6408
First time i got a "can not increase credit limit at this time" from discover. I usually get the one saying under review, wait 2 days or whatever one.
post #6395 of 6408
Never left a balance on any card (unless it was 0% APR) and score is 800

Don't think there's an advantage to carrying a balance, even a low one, if you're paying interest on it
post #6396 of 6408
Quote:
Originally Posted by GetYaShinebox View Post

Never left a balance on any card (unless it was 0% APR) and score is 800

Don't think there's an advantage to carrying a balance, even a low one, if you're paying interest on it

Letting the statement cut showing a balance under 9%, does not mean you pay interest on that amount. You're free to payoff balance once statement is generated.
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post #6397 of 6408
Huh, under 9% of what? The statement balance?

Thought anything due that is not paid off is subject to interest, maybe I'm wrong
post #6398 of 6408
Originally Posted by Based Mod View Post

Cap1 saving you from yourself with those weak cards

 

Cap1 definitely came up recently, they're not as bad as before in terms of reputation. They have cards that suit people with rebuilding their credit to excellent credit. They just have a broader range of products.  Both the Venture and Quicksilver are great cards imo and it's a reliable company it tends to give you the least trouble and hassle. Other lenders will axe you if you're running high balances or carrying balances for a long period of time, Cap1 is the least strict.  When I first got into credit cards I wanted to avoid Cap1 at all cost based on reputation, but over time you realize a heck lot of people with good credit and income use cap1 too and they are just as good,  they've came a long way they're a top brand now. 

post #6399 of 6408

Which is better for travel, Chase Sapphire Reserve or Amex Platinum?

post #6400 of 6408
Quote:
Originally Posted by GetYaShinebox View Post

Huh, under 9% of what? The statement balance?

Thought anything due that is not paid off is subject to interest, maybe I'm wrong

Interest would begin on the next cycle if that makes sense.
post #6401 of 6408
Quote:
Originally Posted by thadangerousmind View Post

I'm barely cracking $200 on my Discover card and my year is up next month smh.

I've been trying mad hard to get to $500 laugh.gif. I buy a lot **** for my friends and at work and they just give me cash. I def wouldn't reach it if it was just my normal spending (still prob won't)
Edited by cs02132 - Yesterday at 11:52 am
post #6402 of 6408
Quote:
Originally Posted by ekinria View Post

Which is better for travel, Chase Sapphire Reserve or Amex Platinum?

Sapphire reserve imo
post #6403 of 6408

Curious to know what card you guys use to rack up points to redeem for flights. 

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The 48 Laws Of Power

My thoughts on each law

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post #6404 of 6408
Chase sapphire reserve is what I use. Well authorized user on the wifey. But same nonetheless
post #6405 of 6408
CSR. It's become my favorite card
post #6406 of 6408
Funny story about having a metal card.

Pulled it out of my wallet the other day dropped it and now it has dents lol

Might say I lost mine so I can a new one laugh.gif
post #6407 of 6408
Might go buy some gift cards at my local gas station to take advantage of the 5% before it ends next week. Just talked to a discover rep and she said it will still be 5% if I go inside to "buy a drink" or whatever
post #6408 of 6408
Quote:
Originally Posted by GetYaShinebox View Post

Huh, under 9% of what? The statement balance?

Thought anything due that is not paid off is subject to interest, maybe I'm wrong

 

9% utilization.  If your credit limit was $1000, and you spent $90 - that would be a 9% utilization. 

 

Anything that is not paid off by your due date, will incur interest from the date you made the charge until the time you pay it off.   I made this mistake once, and let some trivial amount "carry over" to the next billing cycle, and was charged interest from the time of the current cycle until the time the next month was paid off. 


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Looking for Yeezy v2 Beluga or Breds - Size 9

 

- ^^ will trade green or white stripe v2 towards either ^^

 

Anyone want my DS sz9 Night Cargos or sz9 Oreo UBs?  

 

WTT my Space Jam sz9.5 for...

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