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

[pdino]

Anyone have different cards for different expenses? I'm thinking about diversifying my portfolio of cards to meet the specific expenses of my life. Ideally, I want cards that will maximize my rewards in each expense area. To start, what are some cards y'all use for grocery shopping?


Cards that I currently have:

1. Discover -- oldest account 7+ years. My daily...use for all my non-cash purchases.
2. GAP Visa -- signed up for it, in store, only so I could get a nice discount on a purchase. Owned for 2+ years. Only used it once.
3. Amazon Visa -- signed up for it, so I could qualify for free shipping and massive discount off a recent purchase. Owned for about 3 months now and have never used it.
 

My rotation:

Bank of America Cash rewards : 3% back on gas - I use it as gas card

Bank of America Better balance rewards : 35$ every quarter as long as you spend 25$+ per month. Put my 30$ cell phone bill on there

Chase Sapphire preferred 2x points going restaurants/fast food- Use it for dining - Never paid for flights (I go out to eat a lot)

Amex cash everyday- 3% on grocery- for grocery shopping

Dem %s add up

 

[jon4rd]

Question: can I put like 90% on my card and pay it off before the statement cuts (I'll pay it as soon as it posts essentially) without it affecting my score and everything negatively? Reason I ask is because I can pay my rent online with a card but it will be about 90 % of my limit. If I can eat off the rewards it would be great (get 2% cash back for doing something I was gonna do anyway) but if it'll kill my score then I'll wait till I've got higher limits. Reps will be given

 

[bsv2.0]

Question: can I put like 90% on my card and pay it off before the statement cuts (I'll pay it as soon as it posts essentially) without it affecting my score and everything negatively? Reason I ask is because I can pay my rent online with a card but it will be about 90 % of my limit. If I can eat off the rewards it would be great (get 2% cash back for doing something I was gonna do anyway) but if it'll kill my score then I'll wait till I've got higher limits. Reps will be given

In my experience, paying off the balance in full and not carrying a large balance into a new billing cycle will not reflect negatively. That's how I utilize my cards. I charge and make sure to pay the balance in full before the due date so when the bill comes in the balance is $0.00 and my credit tracker shows credit utilization at 0%.

 

[capital sb]

Question: can I put like 90% on my card and pay it off before the statement cuts (I'll pay it as soon as it posts essentially) without it affecting my score and everything negatively? Reason I ask is because I can pay my rent online with a card but it will be about 90 % of my limit. If I can eat off the rewards it would be great (get 2% cash back for doing something I was gonna do anyway) but if it'll kill my score then I'll wait till I've got higher limits. Reps will be given

As long as you pay it before your statement cut date you would be fine. If you are going to pay rent on your card I would suggest paying it in full as soon as it post on your cc transactions. 

 

[dam itz lou]

Anyone have different cards for different expenses? I'm thinking about diversifying my portfolio of cards to meet the specific expenses of my life. Ideally, I want cards that will maximize my rewards in each expense area. To start, what are some cards y'all use for grocery shopping?


Cards that I currently have:

1. Discover -- oldest account 7+ years. My daily...use for all my non-cash purchases.
2. GAP Visa -- signed up for it, in store, only so I could get a nice discount on a purchase. Owned for 2+ years. Only used it once.
3. Amazon Visa -- signed up for it, so I could qualify for free shipping and massive discount off a recent purchase. Owned for about 3 months now and have never used it.

...

I don't know what you spend your money on but the Chase Sapphire preferred,Citi premier, or Amex premier rewards gold should be a good start. Eventually you should have one from each company. You should be earning at least double points on most of your purchases.

 

[slighted]

@BeezyGotSole

@Zyzz

Just got this promo letter in the mail

 

[jon4rd]

What is that for?

 

[capital sb]

 must be a sign.

 

[HankHill]

What is that for?

View media item 1789785

 

[jordman23]

Any other cards out there that give you big signup bonus miles (40k +) , I already had the Chase United and Sapphire Preferred.

Going on a trip next year to Eqypt, I have 70,000 miles left in my account, one more big bonus would probably do it for me.

Anybody have suggestions, that are 1 to 1 with United Miles?

 

[dam itz lou]

Citi now has cash back offers.

http://onemileatatime.boardingarea....ook&utm_campaign=SNAP+from+One+Mile+at+a+Time

 

[Bert.]

 must be a sign.

I got his back

 

[slighted]

 

 must be a sign.

My little brother and I just got approved for Discover IT cards -- $5.5k / $1k

Big +rep to @Zyzz   

 

[humpasaurus rex]

View media item 1790808
Heads up $15 off $60 at Amazon using a qualifying Amex card.

 

[luckyluchiano]

Any other cards out there that give you big signup bonus miles (40k +) , I already had the Chase United and Sapphire Preferred.

Going on a trip next year to Eqypt, I have 70,000 miles left in my account, one more big bonus would probably do it for me.

Anybody have suggestions, that are 1 to 1 with United Miles?

I plan on going to egypt too, what time of yr were u going and where you doing a tour?

 

[willie mcfly22]

Jus got a bump on my Cap 1 Quicksilver from 3 to 6k

 

[wrightone86]

Fellas still in here eating and raising those scores 

About to wreck these CB rewards. Just remembered we were taking a cruise next year. About to place it on the Discover card and then pay it off once it comes in. 

 

 

[redd spyder]

i just got my first CC from cap one. no annual fee & unlimited 1.5% cash back on purchases... Did i do good guise?

 

[voidemperor]

I just got a credit card NT fam. What should i be doing and not doing with it?

 

[slighted]

I just got a credit card NT fam. What should i be doing and not doing with it?

- Pay it off before each due date. Try to not have a (major) outstanding balance.

That's about it.

 

[nazdrowie]

do you guys rotate card usage among your stable, or do you usually just keep one with balances? 

i have three but i only really use one...for pretty much everything

 

[slighted]

 
do you guys rotate card usage among your stable, or do you usually just keep one with balances? 

i have three but i only really use one...for pretty much everything

One I use for small, everyday items (Quicksilver for cash back).

The other I use for major purchases (VentureOne for miles).

 

[g mat ic]

Ok, so I had a tax lien removed my equifax account but not transunion. Any idea why it was just removed from only equifax? How would I go about getting it removed from transunion? Not sure if it's on my experian report as well.

 

[capital sb]

Ok, so I had a tax lien removed my equifax account but not transunion. Any idea why it was just removed from only equifax? How would I go about getting it removed from transunion? Not sure if it's on my experian report as well.

How long has it been since it was removed? Could be a delay. TU and EX don't report at the same time.

 

[g mat ic]

How long has it been since it was removed? Could be a delay. TU and EX don't report at the same time.

I would say about two months now.