12-28-2009 03:42 PM
12-28-2009 03:47 PM
12-29-2009 08:15 AM
I was stuck in 690 world for one whole year.
I just realized with today's credit crunch and mayhem, to get a 25,000 credit card with a 702 Equifax (they only pulled equifax by the way) is nothing less than a miracle.
But the interest rate is not what they stated, the letter telling me the card is on the way says 12.49% fixed. Oh well.
Now, do I charge the heck out of it each month to get the 1 point for every dollar spent and then pay it off when the bill comes in?
They gave me 3,500 points for getting the card.
Thanks again all.
12-29-2009 03:57 PM - edited 12-29-2009 03:59 PM
I went with NFCU who gave me $25k CL and I use it for everything. Mine is a cash reward card and I get 1.5% back on all purchases and have made quite a bit back this year.
CU's are by far the best, IMO. They are more stable, less prone to sporadic changes in terms, credit criteria and random AA. The rates usually are better too.
My Cash Reward card is 9.65 and the non-reward is 7.9%....so it sounds like your CU is pretty comparable.
If you still haved fixed rate, don't be surprised if you get a notice of changing to Variable in the next short time...even the CU's are going that route do to the "unknown" factors about the future of prime rate and now being limited on when and how they can raise rates on existing balances.
12-30-2009 09:56 PM
12-31-2009 03:30 AM
I will differ from all the congrats. I don't know why you will be so happy about getting more credit when you still have so much debt. I will congrat you on pulling your score back into the 700s. A true congrat is when you have no debt and that is something truly worth celebrating.
12-31-2009 09:01 AM
A true congrat is when you have no debt
That is going to have to wait until my daughter is safely married and I retire!!
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.