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24 Looking to build Credit... What are some good tips on your first Credit Card - Page 218

post #6511 of 6702
Quote:
Originally Posted by BeezyGotSole View Post

Quote:
Originally Posted by nrg1604 View Post

Damn my score dropped 40 points cause I put my medical bills onto the CC. Forgot to even think about it.

Will be back up in a month if paid off.
Yea I should have paid it off before it hit the statement so it doesn't mess up my utilization.
post #6512 of 6702
Thread Starter 
Quote:
Originally Posted by NikeAirForce1 View Post


yes. limited to 6 cards every rolling 6 months

$2999.99 weekly sending limit

hold on, so in regards to Amex gift cards do those accumulate cashback/reward points for other cards aswell?
post #6513 of 6702
Quote:
Originally Posted by nrg1604 View Post


Yea I should have paid it off before it hit the statement so it doesn't mess up my utilization.

If it already dropped 40pts and the statement hasn't cut yet, something else caused your score to drop. 

Utilization is only reported once the statement is cut.

post #6514 of 6702
Quote:
Originally Posted by BeezyGotSole View Post

Quote:
Originally Posted by nrg1604 View Post

Yea I should have paid it off before it hit the statement so it doesn't mess up my utilization.
If it already dropped 40pts and the statement hasn't cut yet, something else caused your score to drop. 
Utilization is only reported once the statement is cut.
No it has. This was last month.
post #6515 of 6702

how many credits cards should i really have? so far have one secured and one credit card on its way. thinking of getting another one with my credit union. 

post #6516 of 6702
Quote:
Originally Posted by hhaze View Post

how many credits cards should i really have? so far have one secured and one credit card on its way. thinking of getting another one with my credit union. 


that's more of a personal preference, but I recommend having at least 2 (in case something happens with one account you aren't stuck without a card to use until the problem is resolved).
post #6517 of 6702
Quote:
Originally Posted by nrg1604 View Post

Damn my score dropped 40 points cause I put my medical bills onto the CC. Forgot to even think about it.

Why does it matter what you spend the credit on?  As long as I pay it off, it should boost your credit score right?

post #6518 of 6702
If you can gain membership. I CANNOT recommend navy federal cu enough.

604 expedia
600 tu
589 fico

Approved for 4700 cash back rewards card
Approved for 500 checking line of credit

Will not move into strict gardening for the next 2 years or so. Hoping both of my secured cards graduate.
post #6519 of 6702
So on that Capital One secured card, you can put $50 on it? How much does that get you on the card? Who has the best secured card?

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Kobe 8 SS "Christmas". Size 11, 9.5/10 Condition. $150.

 

*Will trade for a size 12*

 

PM for details.

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post #6520 of 6702
Quote:
Originally Posted by Doxen5703 View Post

So on that Capital One secured card, you can put $50 on it? How much does that get you on the card? Who has the best secured card?

How ever much money you put on is how much your credit line is I believe.

For the most part there are no rewards secured cards. Ive been looking

I'm literally stuck at 705 with nothing left to do.

My length of established credit is killing me.

I keep getting denied for new cc's, but I need to have larger credit lines. Makes no sense.

I could take out a loan an pay off my stocks at work. But that just seems like a revolving door.

I'm eventually gonna need a new car but I'm not trying to pay 10% apr or whatevrr it is.

I might have to add thousands of my own cash to a secured card. Which sucks.
post #6521 of 6702
Quote:
Originally Posted by zunigrp View Post

How ever much money you put on is how much your credit line is I believe.

For the most part there are no rewards secured cards. Ive been looking

I'm literally stuck at 705 with nothing left to do.

My length of established credit is killing me.

I keep getting denied for new cc's, but I need to have larger credit lines. Makes no sense.

I could take out a loan an pay off my stocks at work. But that just seems like a revolving door.

I'm eventually gonna need a new car but I'm not trying to pay 10% apr or whatevrr it is.

I might have to add thousands of my own cash to a secured card. Which sucks.

Depends on the issuer. Some of them require collateral of 1.5x your credit line.

Taking out a loan and paying it off can sometimes hurt your score because one you pay it off you have less credit than you did.

If you keep applying for cards and getting declined I'm sure the inquiries are affecting your score. Should probably chill on having your credit run.
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DS Triple Black Yeezy 750 Size 11
DS Choco Yeezy 750 Size 13
DS Black OG NMD Size 11.5 (2017)
DS Black OG NMD Size 12 (2017)
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post #6522 of 6702
Quote:
Originally Posted by bluntobject50 View Post

Depends on the issuer. Some of them require collateral of 1.5x your credit line.

Taking out a loan and paying it off can sometimes hurt your score because one you pay it off you have less credit than you did.

If you keep applying for cards and getting declined I'm sure the inquiries are affecting your score. Should probably chill on having your credit run.

Yeah I stopped...prolly wait 6 months.

Its crazy even when I'm checking a pre approved offer it turns me down. Says ill recieve a notice in the mail.

I want to try and turn my secured card to a regular credit card. 2 years no late payments. 0 owed. I just need them to continue the history and not restart it.

Feelsbadman
post #6523 of 6702
Quote:
Originally Posted by zunigrp View Post

Yeah I stopped...prolly wait 6 months.

Its crazy even when I'm checking a pre approved offer it turns me down. Says ill recieve a notice in the mail.

I want to try and turn my secured card to a regular credit card. 2 years no late payments. 0 owed. I just need them to continue the history and not restart it.

Feelsbadman

Inquiries stay on your report for 2 years..
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DS Triple Black Yeezy 750 Size 11
DS Choco Yeezy 750 Size 13
DS Black OG NMD Size 11.5 (2017)
DS Black OG NMD Size 12 (2017)
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For Trade/Sale:
DS Triple Black Yeezy 750 Size 11
DS Choco Yeezy 750 Size 13
DS Black OG NMD Size 11.5 (2017)
DS Black OG NMD Size 12 (2017)
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post #6524 of 6702

welp, went for a reconsideration for my NFCU credit card cash reward that got denied. got approved woop. 

post #6525 of 6702
Quote:
Originally Posted by archiballer View Post

If you can gain membership. I CANNOT recommend navy federal cu enough.

604 expedia
600 tu
589 fico

Approved for 4700 cash back rewards card
Approved for 500 checking line of credit

Will not move into strict gardening for the next 2 years or so. Hoping both of my secured cards graduate.

Lol I tell everyone Navy is the best for high limits and giving people with no to low credit high limit cards.

Just gotta be careful, cuz it's a calculated business move for them.

post #6526 of 6702
Quote:
Originally Posted by Doxen5703 View Post

So on that Capital One secured card, you can put $50 on it? How much does that get you on the card? Who has the best secured card?

It depends. They have different options based upon your credit.

Normally 50 bucks gives you 200 credit limit.
Or 100 for 200 limit
Or 150 for 200 limit if credit is bad bad.
You can add money yo that deposit to increase your initial limit.
I put down 150 and had a 300 dollar limit

Discover has the best secured. It gives rewards, and they match rewards after 1 year

Capital one is next because they increase your limit with good payments. I started at 300 am now at 700 after 7 or 8 months.
post #6527 of 6702
Just got off the phone with Discover and just wanted to sAy..their customer service is top notch..I was asking some pretty detailed questions and they were patient with me the entire time..they rule
post #6528 of 6702

what do you guys do with your cashback money? 

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The 48 Laws Of Power

My thoughts on each law

www.aychd.com

 

 

 

CHELSEA FC | FC BARCELONA | METS

 

 

 

 

 

Reply
post #6529 of 6702
Quote:
Originally Posted by SolesFC View Post

what do you guys do with your cashback money? 

Help pay my student loans.
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post #6530 of 6702
Quote:
Originally Posted by SolesFC View Post

what do you guys do with your cashback money? 

Bills
post #6531 of 6702
Skrippas
post #6532 of 6702
Quote:
Originally Posted by SolesFC View Post

what do you guys do with your cashback money? 

What do you do with your regular money?
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DS Triple Black Yeezy 750 Size 11
DS Choco Yeezy 750 Size 13
DS Black OG NMD Size 11.5 (2017)
DS Black OG NMD Size 12 (2017)
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DS Triple Black Yeezy 750 Size 11
DS Choco Yeezy 750 Size 13
DS Black OG NMD Size 11.5 (2017)
DS Black OG NMD Size 12 (2017)
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post #6533 of 6702
I haven't done anything with mine lol. With the 100% match, I think I ended up with like $286 for the whole year.
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post #6534 of 6702
Quote:
Originally Posted by RBK93 View Post

Quote:
Originally Posted by nrg1604 View Post

Damn my score dropped 40 points cause I put my medical bills onto the CC. Forgot to even think about it.
Why does it matter what you spend the credit on?  As long as I pay it off, it should boost your credit score right?
What you spend money on doesn't matter. In my situation, since I charged Med bills to my CC and allow it to show up on statement, it increased my overall utilization. Which has a negative effect on ur score. I paid it all off and didn't owe any interest, but my utilization still took a hit last month. I think it's recommended that u keep your utilization below 30%.
post #6535 of 6702
I'm going to get another card. What's the best rewards one, that is also metal? I have a 660 and it's dropping for some reason (utilization I know but still, all my payments are on time otherwise.) I went ahead and signed up for creditrepair. I know they are just going to dispute like I can do through creditkarma on the old entries but they say they'll do all the bureaus so we'll see.
post #6536 of 6702
Heading to London, Amsterdam, and Paris this Friday. Flights and hotels all booked on points. pimp.gif
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PM me for credit card referrals!
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post #6537 of 6702
Can anyone recommend a small business bank and credit cards ?

 

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post #6538 of 6702
Quote:
Originally Posted by rrlegend View Post

Can anyone recommend a small business bank and credit cards ?

I just opened an account with Eagle bank. Not sure if they are in your area. No fees and catered towards small businesses
post #6539 of 6702
Has anyone here done the TSA/Global entry interview? Thinking about doing it since it's free with CSR. Not sure how much they're gonna grill you though nerd.gif
post #6540 of 6702
Quote:
Originally Posted by Bennyhinn View Post

Has anyone here done the TSA/Global entry interview? Thinking about doing it since it's free with CSR. Not sure how much they're gonna grill you though nerd.gif
Hardest part is the app. Interview is very brief.
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