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Established Contributor
Posts: 576
Registered: ‎11-13-2008
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Should I stop getting cards now lol

Should I stop now? Look at my signature. Is there anything possibly out there that I can get that is better rewards wise?

Frequent Contributor
Posts: 344
Registered: ‎10-25-2011
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Re: Should I stop getting cards now lol

NOOO!! you can never stop!!! there is and always will be be better cards!!! :smileyhappy:)) Soooo what are you waitng for! get applying for more :smileyhappy:

Valued Contributor
Posts: 2,789
Registered: ‎10-10-2012
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Re: Should I stop getting cards now lol

Very impressive! How many inquiries currently showing?

Starting Score: EQ 717 EX 724 TU 736
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Established Contributor
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Registered: ‎09-25-2011
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Re: Should I stop getting cards now lol

 

My stack of collection :smileyhappy:   haha jk

http://www.fivecentnickel.com/2012/06/08/extreme-credit-card-collections/


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Contributor
Posts: 567
Registered: ‎10-04-2012
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Re: Should I stop getting cards now lol

If you don't have USAA's Rate Advantage card, it might be worth looking into. No rewards, but the lowest rate in the industry, by far.

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Established Contributor
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Registered: ‎09-25-2011
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Re: Should I stop getting cards now lol

I dunno I prefer 7.24% on my Navy card WITH rewards :smileyhappy:


Elcid89 wrote:

If you don't have USAA's Rate Advantage card, it might be worth looking into. No rewards, but the lowest rate in the industry, by far.


 


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Contributor
Posts: 567
Registered: ‎10-04-2012
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Re: Should I stop getting cards now lol


distantarray wrote:

I dunno I prefer 7.24% on my Navy card WITH rewards :smileyhappy:


Elcid89 wrote:

If you don't have USAA's Rate Advantage card, it might be worth looking into. No rewards, but the lowest rate in the industry, by far.


 


LOL, I have 5.75% on Rate Advantage.

 

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Established Contributor
Posts: 2,112
Registered: ‎09-25-2011
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Re: Should I stop getting cards now lol

it's all about the rewards ;p

 

besides if you pay off the balance in full you don't owe anything, and I don't plan on carrying a balance ever so why worry? :smileywink:

I have more than enough funds to max out all my cards 50k+ and pay them off a few times so not worried =) it's called emergency funds =D

 

btw does USAA have anything like NavCheck?


total credit limits $108,400 Credit scores Ex 728 EQ 738 TU 758
Contributor
Posts: 567
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Re: Should I stop getting cards now lol


distantarray wrote:

it's all about the rewards ;p

 

besides if you pay off the balance in full you don't owe anything, and I don't plan on carrying a balance ever so why worry? :smileywink:

I have more than enough funds to max out all my cards 50k+ and pay them off a few times so not worried =) it's called emergency funds =D

 

btw does USAA have anything like NavCheck?


LOL, no, it's called rate premium spread. Why should I tie funds up in paying off this debt or that debt when I can earn more on them elsewhere?

 

I agree that emergency funds are important, and to that end I keep 6 months of projected expenses sitting in a money market account (crap yield, but easily accessible.) Anything beyond that is missed return.

 

So, in essence, when making a major purchase, I can either 1) pay it off immediately, and thereby lose any future use of the funds from a return generating standpoint or 2) pay it off over time and utilize the funds elsewhere to garner a return which is superior to the rate I'm paying on the carried debt.

 

One has the option of paying 0% for a purchase or earning a net return on the purchase. I'll take the net return every time.

 

FICO 04 scores: 809 (EQ) 812 (EX) 818 (TU)

Amex Platinum NPSL - Citi HHonors Sig. $58k - BMW Ultimate $40k
Chase Sapphire Preferred $62k - Merrill Lynch + Signature $41k - USAA Rate Advantage $28k
NFCU Flagship Signature $50k - USAA Cash Rewards AMEX $28k
Citi Platinum Select / AAdvantage Signature $31k - Chase Amtrak Rewards World MC $41k

Moderator Emeritus
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Registered: ‎09-16-2011
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Re: Should I stop getting cards now lol


distantarray wrote:

 

My stack of collection :smileyhappy:   haha jk

http://www.fivecentnickel.com/2012/06/08/extreme-credit-card-collections/


Hays I thought this was for real until I squires my eyes later and found the j/k

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