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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."
Max everything out!
Hey, it's free money right? Their fault for trusting you!
@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.
"What not to do"
See: "Shopping cart trick"
Collect as many HPs as you can, and if denied by multiple lenders, recon like 30 times to see how desperate you are
@B335is wrote:"What not to do"
See: "Shopping cart trick"
Oh good one!
@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
Lenders love giving out cards to the most persistent reconers!
@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
Lenders love giving out cards to the most persistent reconers!
That must be how people get $250 Chase Freedom's.
@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
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.
"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