Credit Cards Center Credit cards from our partners
Reply
Established Contributor
Posts: 985
Registered: ‎09-10-2012
0

Re: How soon do you use your new cc?

I am going to wait until tomorrow to use my new freedom card..gonna pay a couple bills so I can start getting credit towards the 500.00 to get 100.00 cash back....that is for any charge right?
TU Fico 714 | Sesame 742 | Credit Karma 762 | Wal-Mart FICO 734 | EX FICO 695 (1/28/13) | EQ 740 (3-21-13)

Amex Blue Sky 7.2k | Amex BCE 13.1k | Citi Diamond Preferred 10.2k | CSP 5k | Bofa Cash 9k | Boa Travel 10k | Discover More 3k | Chase SW 5k | Wal-Mart 3.3k | Amazon 5k | Old Navy Visa 5k | Shell 1200 | BP 400 | VS 1500 | Sam's Discover 8.5k | FNBO Amex 16k | Chase Freedom 1.3k | Home Depot 5k | Brylane Homes 1600 | BML 2820

App free since 12/11/13*
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: How soon do you use your new cc?

I use mine within first day I get it. The sooner used the sooner it can start reporting and generate a bill. Like tonight, I got my NFCU flagship. I activated it and then charge $25 to charity for Sandy storm recovery and then bought dinner for me and brother on it. Over next 30 days ill push about 1k though ad PIF right before statement generates.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Senior Contributor
Posts: 3,197
Registered: ‎01-24-2010
0

Re: How soon do you use your new cc?

The very next time, I buy something.

Frequent Contributor
Posts: 292
Registered: ‎01-17-2009
0

Re: How soon do you use your new cc?


snowkitty wrote:
When I get a new card in, I wait a few weeks before I use it so I don't look desperate....lol But today I just got in my freedom card and am going to use it asap to earn the 100.00 cash back.

I'm just wondering who else strategically plans when to use their card the first time Smiley Happy

when i recently got my newBofA  Americard Cash Rewards card, i used it later that same day ( i wanted to start the $500in  purchases right away to earn the $100 cash back)

with my other cards that didn't have a $pend to get a bonu$ offer, i used them sometime within the 1st week or 2 (that was about 4 years ago)


BofA visa $9.4k ... BofA Cash Rewards visa sig $10k ... Cap 1 Venture1 visa sig $10k ...
Chase Freedom visa $10k ... Macy's $1.5k ... Macy's Amex $5k ... Sam's Club $6.3k
myFICOs as of 3/25/14:...EX=809 .... EQ=802....TU=787
Established Contributor
Posts: 669
Registered: ‎11-13-2012
0

Re: How soon do you use your new cc?

I usually wait til I pay off other to use a brand new card.. Pointless to create another bill when you already have utilization on another. That being said once I get my Disney visa I'm going to discontinue use of my capital ones on favor of those and just use both my chases now til capital one stops being stingy with their CLIs
Wallet: Barclay-5k, Citadel MC- 5k, Slate- 4k, Freedom- 3k, BOA- 3k, Citi- 2k, AMEXBCE- 2k and more...
Established Contributor
Posts: 1,837
Registered: ‎08-20-2012
0

Re: How soon do you use your new cc?

+1 Yes cap 1 does need to stop being stingy with cli's. Sock drawer they go until then. I will just use my amex.chase. and discover

Moderator Emeritus
Posts: 12,931
Registered: ‎12-30-2011
0

Re: How soon do you use your new cc?

[ Edited ]

As soon as possible Smiley Happy.

I apply for any new card for a specific reason (OK my future USAA one likely excepted) and it's worth moving whatever piece of my financial life that is destined for that card over to it immediately.

I honestly don't think lenders care at all; they have already extended credit, they absolutely want you to use it, and likely even before you receive the card where possible if Amex is any indication for the rest of be industry as another poster intimated too.

 

Starting Score: EQ 04 561, TU 98 567, EX 98 599 (12/30/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


Take the myFICO Fitness Challenge
Valued Contributor
Posts: 1,339
Registered: ‎09-11-2012
0

Re: How soon do you use your new cc?


snowkitty wrote:
I am going to wait until tomorrow to use my new freedom card..gonna pay a couple bills so I can start getting credit towards the 500.00 to get 100.00 cash back....that is for any charge right?

Yes, that is for any charge except BT and cash advances.

 

@ the OP, I used it first week to get my sign-on bonus and PIF before statement cut. Right when the statement cut, I got my bonus on my Freedom card.

 

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Valued Contributor
Posts: 1,524
Registered: ‎08-17-2008
0

Re: How soon do you use your new cc?

I use it right away so the ccc sees usage Smiley Happy

$100K in Credit
Last Credit Card App: 11/16/13
Valued Contributor
Posts: 1,968
Registered: ‎03-30-2012
0

Re: How soon do you use your new cc?

I usually put a Starbucks on it the same day...or the next. lol.

 

Sometimes I wait...and others I have rarely get used.

Scores 8/18/2015: TU FICO: 651 | EQ FICO: 645| EX AMEX FICO: 630

In my new wallet: American Express Green EMV: PSL $2000 | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $2500 | Amazon Rewards Visa: $1500 | Chase Freedom: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1750 | Target: $1100 | J.Crew $13,950
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.
† Credit cards for FICO Score ranges: The score ranges are guidelines based on actual applicant approvals and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

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.