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What not to do

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jon22guitar
Regular Contributor

What not to do

To help the newcomers, let's give them our "worst" credit card advice.

"Apping is like playing the lottery- don't stop until you've hit the jackpot."

CSP 10,000, Citi Forward 3400, Barclay Arrival+ 2750, BOA Travel Rewards 2700, Discover IT 1500, Chase Freedom 1000, Crap One 500
Message 1 of 76
75 REPLIES 75
Anonymous
Not applicable

Re: Give your worst credit card advice

Max everything out!

 

Hey, it's free money right? Their fault for trusting you!

Message 2 of 76
red259
Super Contributor

Re: Give your worst credit card advice


@jon22guitar wrote:
To help the newcomers, let's give them our "worst" credit card advice.

"Apping is like playing the lottery- don't stop until you've hit the jackpot."

I would re-title the thread "what not to do", because you will have someone who is half asleep not paying attention and seeing the word advice and then blindly following someone's suggestion to app for 36 different shopping cards.

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 3 of 76
B335is
Moderator Emeritus

Re: Give your worst credit card advice

"What not to do"

 

See:  "Shopping cart trick"

Message 4 of 76
FinStar
Moderator Emeritus

Re: Give your worst credit card advice

Collect as many HPs as you can, and if denied by multiple lenders, recon like 30 times to see how desperate you are Smiley Tongue

Message 5 of 76
FinStar
Moderator Emeritus

Re: Give your worst credit card advice


@B335is wrote:

"What not to do"

 

See:  "Shopping cart trick"


Oh good one!

Message 6 of 76
jon22guitar
Regular Contributor

Re: Give your worst credit card advice


@FinStar wrote:

Collect as many HPs as you can, and if denied by multiple lenders, recon like 30 times to see how desperate you are Smiley Tongue


Lenders love giving out cards to the most persistent reconers!

CSP 10,000, Citi Forward 3400, Barclay Arrival+ 2750, BOA Travel Rewards 2700, Discover IT 1500, Chase Freedom 1000, Crap One 500
Message 7 of 76
Anonymous
Not applicable

Re: Give your worst credit card advice


@jon22guitar wrote:

@FinStar wrote:

Collect as many HPs as you can, and if denied by multiple lenders, recon like 30 times to see how desperate you are Smiley Tongue


Lenders love giving out cards to the most persistent reconers!


That must be how people get $250 Chase Freedom's.

Message 8 of 76
FinStar
Moderator Emeritus

Re: Give your worst credit card advice


@Anonymous wrote:

@jon22guitar wrote:

@FinStar wrote:

Collect as many HPs as you can, and if denied by multiple lenders, recon like 30 times to see how desperate you are Smiley Tongue


Lenders love giving out cards to the most persistent reconers!


That must be how people get $250 Chase Freedom's.


Or $500 with an awesome 22.9% APR.

Message 9 of 76
red259
Super Contributor

Re: Give your worst credit card advice

"What Not to Do"

 

Apply for cards that you know nothing about, just because everyone else is applying for them.

 

Apply for cards without paying any attention to whether or not your credit profile meets the criteria for approval (e.g, applying for an amex with a 480 score)

 

Apply for cards that you do not need or have no utility for you

 

Keep applying for card after card even if you get denied just run up those inquries

 

Once you have cards max them all out and carry the balances on all your cards and make only the minimum payments

 

Blow off the payment due date (hey its only a suggested pay date by the credit card company isn't it?)

 

Run out and buy as many gift cards as you possibly can as your first purchase

 

Take out as much as you can in cash advances 

 

Lie about your income on your credit card apps

 

Close credit cards as soon as you get the bonus

 

Don't forget to keep applying for new cards within the six months of your app cycle (I mean eventually some credit card company will say yes won't they?)

 

Sell your credit card rewards points to other people. 

 

Move but don't tell the credit card companies and let the mail they send you get returned to them

 

Make ten of your best friends AUs on your account and make sure your friends all spend more than you on the account

 

Use a credit card machine for your own business and pay yourself thousands of dollars with your own credit card

 

Burn down the house of the CEO of your favorite lender. 

 

Keep bouncing checks on the bank account you have with your favorite lender (even better bounce the checks that you are using to pay your credit card bill which is already 3 days overdue)

 

Decalre bankruptcy and stiff the credit card companies

 

;
Starting Score: EQ: 714, TU 684
Current Score: EQ: 725 7/30/13, TU 684 6/2013, Exp 828 5/2018, Last App 8/5/17
Goal Score: 800 (Achieved!) In garden until Sepetember 2019
Message 10 of 76
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