Credit Card help

[Mr. Negative]

get the bank americard, 1500 credit line to start out. payments are easy as fukk u just online transfer em from ur checking, takes 2 seconds

dayum I wish I woulda known that earlier in the year.... I only got two credit cards now, but y upper credit limit is only 800 dollars!

At least one will automatically bump the credit limit after 6 months.

Pay your credit cards down with your other credit cards, brehs.

 

[L&HH]

im guessin u have a few thou in the bank? that was enough for me

i got it senior yr of college and i had never paid taxes in my life just walk in, theyll hook it up. tell em u wana buy gas n shyt to build credit. ur not applyin for a black card

Yea I got a stack or so in there. Ima walk in thee tomorrow and see whats up

 

[Black smoke and cac jokes]

Why would you want a high limit

 

[ADevilYouKhow]

Yea I got a stack or so in there. Ima walk in thee tomorrow and see whats up

let us know how it goes, friend

 

[Solano707]

I wouldn't man - building credit is another word of enslavement.

Does this make sense - you have to go into debt to build up your credit score?

I have CC debt right now that I'm getting out of. Once i"m out - I'm staying out, makes no damn sense.

 

[Mr. Negative]

Why would you want a high limit

because apparently your credit score is dependent on your available credit plus how responsible you are with the credit you have. Your combined upper credit limit = how much credit you have. From what I understand, I mean.

The last PDF I shared here was basically saying having a revolving account where you keep the balance at 18% of your upper credit limit is gold.

I wouldn't man - building credit is another word of enslavement.

Does this make sense - you have to go into debt to build up your credit score?

I have CC debt right now that I'm getting out of. Once i"m out - I'm staying out, makes no damn sense.

Just because you have it doesnt mean you have to use it all. Unless you're printing your own money and buying everything flat out in cash, life ain't nothing but debt. May as well minimize it while you can.

 

[Black smoke and cac jokes]

because apparently your credit score is dependent on your available credit plus how responsible you are with the credit you have. Your combined upper credit limit = how much credit you have. From what I understand, I mean.

The last PDF I shared here was basically saying having a revolving account where you keep the balance at 18% of your upper credit limit is gold.



Just because you have it doesnt mean you have to use it all. Unless you're printing your own money and buying everything flat out in cash, life ain't nothing but debt. May as well minimize it while you can.

Hmm no not for first time users. You should start with a low limit, have an amount close to 15-30% off your limit and pay consistently for about 6 months. Then raise your limit and/or get a second card and use it. Your credit score is solely based on your timeliness of payment initially.

 

[L&HH]

Hmm no not for first time users. You should start with a low limit, have an amount close to 15-30% off your limit and pay consistently for about 6 months. Then raise your limit and/or get a second card and use it. Your credit score is solely based on your timeliness of payment initially.

I also stated I am actually going to use the money for a side venture/hustle Im doing (it's calculated and will make money, Ive been doing it for a while now). I decided to get a card because I wanted to get a small loan (<5000) but realized I couldnt because I have no credit history.

 

[Black smoke and cac jokes]

I also stated I am actually going to use the money for a side venture/hustle Im doing (it's calculated and will make money, Ive been doing it for a while now). I decided to get a card because I wanted to get a small loan (<5000) but realized I couldnt because I have no credit history.

Yea, so getting a card with a low limit wouldn't lower your chances of getting a loan. Your loan is not tied to your credit card.

 

[L&HH]

Yea, so getting a card with a low limit wouldn't lower your chances of getting a loan. Your loan is not tied to your credit card.

You're right, the card has nothing to do with getting the loan. Im not getting the loan at all. Im actually going to be using the money on the card and build my credit in the process.

 

[Black smoke and cac jokes]

You're right, the card has nothing to do with getting the loan. Im not getting the loan at all. Im actually going to be using the money on the card and build my credit in the process.

Let me get this straight; you will use your credit card to fund your business and slowly pay off the amount, leaving your card with a certain amount of your principle still unpaid after the end of the month? This will actually hurt your credit score brah.

 

[L&HH]

Let me get this straight; you will use your credit card to fund your business and slowly pay off the amount, leaving your card with a certain amount of your principle still unpaid after the end of the month? This will actually hurt your credit score brah.

Nah, that's not what Im doing. The business something totally separate and being put on hold until I acquire the funds. The card is for something else Im doing (which I was vague about in the op and still am I), I wouldnt really call it "business". There's a pretty high turnover for what Im doing. In short use the card to buy x and resell x for y amount. I didnt want to go into too much detail because a) I didn't want the thread to go in that direction (I just wanted ppl to provide myself and others with great credit card options if in fact somebody wants one which @the cac mamba did)...and b) I knew people would be like and say it's a bad idea and to not do it (this has been very meticulously calculated on my behalf, I wouldnt do it if I had any hesitation as to it working)

 

[the cac mamba]

Nah, that's not what Im doing. The business something totally separate and being put on hold until I acquire the funds. The card is for something else Im doing (which I was vague about in the op and still am I), I wouldnt really call it "business". There's a pretty high turnover for what Im doing. In short use the card to buy x and resell x for y amount. I didnt want to go into too much detail because a) I didn't want the thread to go in that direction (I just wanted ppl to provide myself and others with great credit card options if in fact somebody wants one which @the cac mamba did)...and b) I knew people would be like and say it's a bad idea and to not do it (this has been very meticulously calculated on my behalf, I wouldnt do it if I had any hesitation as to it working)

good luck breh

 

[ADevilYouKhow]

Let me get this straight; you will use your credit card to fund your business and slowly pay off the amount, leaving your card with a certain amount of your principle still unpaid after the end of the month? This will actually hurt your credit score brah.

wat?

 

[L&HH]

Finally went to the bank.... I got approved ....$1500 credit limit....BoA the GOAT bank, I walked in that joint told them I didnt have a job, basically that I hustle to make my money and I get about $10,000 a year as a student . I got a friend who has a legit job making $35,000+ and when he got a card was only able to get a $1000 limit. I'll update this thread with a pic in ten days ( of course w/ all sensitive info removed)

S/o to @thecacmamba