Credit Card Discussion Thread

[DrunkenNovice]

Only the devil if you have no self control.

CK says it pulls from TU but I've seen my score fluctuate

Pay in full every month. Pay to 10% and then after the closing date pay the card off to avoid interest.

Myfico.com is a good resource ppl openly post their scores and what credit they've qualified for.

Secured cards are a trap, most banks aren't letting you upgrade to unsecure anymore because its free money for them. Unless you're rebuilding and HAVE to get one I wouldn't go that route.

 

[I_Got_Da_Burna]

paying the minimum payment will decrease your credit score

 

[MushroomX]

Which Capital One cards do you brehs have?
I have this one, it feels good to pull out this shiny gold card, even though I am Platinum level.

They gave me a Platnium for my last card, and 4 months ago said.

"We are changing your max to $5,000 because of your excellent history."

 

[Amy Traphouse]

If its your first card and you know you might overspend, just pay it off as you spend.

I.E. you spend 45 on gas, 3 days later go pay that shiet. Keep your balance low to zero at all times.

Avoid using it for emergencies. Stick with your available cash/debit card. Its easier to manage because its coming straight from your pocket.

 

[pickles]

They gave me a Platnium for my last card, and 4 months ago said.

"We are changing your max to $5,000 because of your excellent history."

You should have got it. I like it , I get points that can be used for gift cards, travel, or paying the credit card bill. That is actually kind of cool.

I do need them to decrease the APR though , but I pay my bills on time though.

As I said before, the card is beautiful, shiny gold card. Best looking credit card I have seen.

 

[MushroomX]

You should have got it. I like it , I get points that can be used for gift cards, travel, or paying the credit card bill. That is actually kind of cool.

I do need them to decrease the APR though , but I pay my bills on time though.

As I said before, the card is beautiful, shiny gold card. Best looking credit card I have seen.

I fukking hate points Dem nyggas said I got 20k in points, but can only afford a knife set

As for Debit/Credit here is my plan.

Credit always online; for fraud protection

Debit for small time purchases. Usually I keep that shyt to $200 max, that's it but never use it online. The only time I did was with Expedia for a London vacation in which I put $2500 on the card and then instantly ordered for 2300.

I HIGHLY RECOMMEND TO NEVER USE A DEBIT ONLINE. That shyt is harder to recover fraud from.

 

[pickles]

I fukking hate points Dem nyggas said I got 20k in points, but can only afford a knife set

As for Debit/Credit here is my plan.

Credit always online; for fraud protection

Debit for small time purchases. Usually I keep that shyt to $200 max, that's it but never use it online. The only time I did was with Expedia for a London vacation in which I put $2500 on the card and then instantly ordered for 2300.

I HIGHLY RECOMMEND TO NEVER USE A DEBIT ONLINE. That shyt is harder to recover fraud from.

Capital one is different, I think at 5000 points you can get a $25 gift card.

 

[MushroomX]

Capital one is different, I think at 5000 points you can get a $25 gift card.

My breh, here is the problem. I have not gone to a restaurant in 5 years. I make my own food. I sure aint shyt going to a bookstore... well maybe if there is a nice pawg.

The only other store, maybe Walmart?

shytttttt breh, they should PAY US to COME TO WALMART

 

[DrunkenNovice]

Roll your points into your balance or gift cards if you have that option.

As far as fraud prevention you're more likely to get skimmed than someone getting you online, but I agree with doing high risk purchases with with credit.

 

[DrunkenNovice]

www.myfico.com/crediteducation/whatsinyourscore.aspx

 

[King Poetic]

I have 3 credit cards and my total available is around $ 12,000

I only use 1 card which I owe 2,500 but I had to use it for emergency

The other 2 cards just stay in the safe.

I keep credit cards just to show im in good standing if I decide to buy a house or car

All I say is only use them for emergency nothing else

 

[Amy Traphouse]

Also freecreditreport.com to check your credit report and to make sure its not already negativ/collection accts on there. Its easy to get them without even noticing (old cell phone contracts, med bills, identity theft).

If so I suggest credit repair for removal and not paying them. It hurts your credit more when you pay collection accts. I can recommend a credit repair service if interested.

Credit karma is best for monitoring your credit. No credit cards, just verify your identity. They update every 30days and also offer recommendations to help boost your credit.

Don't apply for cards all willy nilly either. Just because you was approved for one, doesn't mean they all will approve. Same with getting your credit ran for auto finance. They will run it over and over until a bank/lender bites. Those inquiries hurt your score by taking off at least 10-30points.

 

[pickles]

My breh, here is the problem. I have not gone to a restaurant in 5 years. I make my own food. I sure aint shyt going to a bookstore... well maybe if there is a nice pawg.

The only other store, maybe Walmart?

shytttttt breh, they should PAY US to COME TO WALMART

:glasseswtf: The got a whole bunch of gift cards though, what do you mean restaurants?. Like for everything, Amazon gc, target gc etc, but you can use the points for travel or repaying your credit card bill.

 

[MushroomX]

:glasseswtf: The got a whole bunch of gift cards though, what do you mean restaurants?. Like for everything, Amazon gc, target gc etc, but you can use the points for travel or repaying your credit card bill.

Indeed Like I said though. For me its alright, I just don't buy that much shyt because I find having a ton of stuff equals more problems... But that's just me though. Still doe, I never had any financial problems and never owed taxes.

 

[nomoreneveragain]

2-3 cards max ... Stick With them long enough and they'll increase your limit.

I got a Chase Slate from 2007
Citi Cash from 2012
Amex Blue Cash from 2014