I have applied for a few cards recently (just beginning to try rebuilding credit), and was shocked after all rejections, Tribute approved me! My CL is $70, but at least it's something 
My question is, do I PIF every month, or pay the min for my scores to go up?
First of all, always pay more than the minimum.
Secondly, it's gonna be pretty tough to play any kind of percentage game with a $70 CL. Ideally, you let under 10% report to the credit agencies and then pay that off before your balance due date, but 10% might even wind up being less than your minimum.
Can you post what you know about what the minimum payments would be? --it's probably something like 4% of balance or $10, whichever is greater. You also should call the company and find out when they report to the CRA's (credit bureaus), when they post the statement, and when the balance is due. If you can find that out and post it, too, you should be able to get some good advice here. It's going to be like walking on eggs with that card, though...
There have been some posts about Tribute. You can type in tribute in the search box at the top left and pull some up. Here's one (I'm on Firefox, so you'll have to copy/ paste it into your browser window):
http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=12532
This card sounds like it's going to have to be handled with EXTREME care!
Secondly, it's gonna be pretty tough to play any kind of percentage game with a $70 CL. Ideally, you let under 10% report to the credit agencies and then pay that off before your balance due date, but 10% might even wind up being less than your minimum.
Can you post what you know about what the minimum payments would be? --it's probably something like 4% of balance or $10, whichever is greater. You also should call the company and find out when they report to the CRA's (credit bureaus), when they post the statement, and when the balance is due. If you can find that out and post it, too, you should be able to get some good advice here. It's going to be like walking on eggs with that card, though...
There have been some posts about Tribute. You can type in tribute in the search box at the top left and pull some up. Here's one (I'm on Firefox, so you'll have to copy/ paste it into your browser window):
http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=12532
This card sounds like it's going to have to be handled with EXTREME care!
hauling, that's a very good point regarding the required min payments and not just 'under $7'.
OP, once you find out the min, call Tribute and try to have them reconsider you for 10x that. Can't hurt.
Was Cap1 one of the cards that denied you? Your scores seem to be OK enough for them, but as we know, more than scores matter.
Either way, this is good, congrats.
Message Edited by SmartCookie on 11-03-2007 10:29 AM
I have tribute card. lol I have every card . I started with 70 dollar limit and they are giving me 30 dollar limit increase every month. I dont even know where is that card anymore I have to find it. Thanks for reminding me.
. I started with 70 dollar limit and they are giving me 30 dollar limit increase every month. I dont even know where is that card anymore I have to find it. Thanks for reminding me.
@Anonymous wrote:
I dont even know where is that card anymore I have to find it. Thanks for reminding me.
hysterical laughter!!! OK, ashabbir1, I swore to myself that to preserve my sanity, I wouldn't let myself get tangled up in your credit adventures any more, but that is just toooooooo funny!!!
You're going to wind up on a Discovery Health TV show about hoarders, except instead of little pathways in your home through stacks and stacks of shopping bags, you will be slipping and sliding on a million little rectangles of sub-prime cards...
Lol Hauling. You are too funny