What's your worst credit card mistake?

megaman1 · ‎12-23-2013

I think for me.... I'm about to charge 50% and don't know if I can pay it back before statement cuts.

samm90 · ‎12-23-2013

Paid a day late on my WF card once. They didn't report me so I think it only cost me $35. Month later they gave me a big CLI so who knows what goes on with them.

Discover Tu 730(2/14) DCU Eq 725(2/28)

Bouncing back from new accts and inqs. Hope to be back over 760 soon.

Changingmantra · ‎12-23-2013

Gambling debt - It is what caused me to have to declare BK.

*Note to self* Remember why and for how long you had to rebuild in the first place! One Day at a Time, One Day at a Time!

pembrokepride · ‎12-23-2013

1) Getting the First Premier card.

2) Using the First Premier card(with 30+ APR didn't need this card sooooo stupid).

In garden as of 04-06-14 to 12/01/14

Starting score EQ MyFico 646 11/29/13 Current 691 EQ MyFico SW 04/03/14
Starting score EX MyFico 657 12/01/13 Current 686 EX MyFico 03/01/14
Starting score TU MyFico 627 12/02/13 Current 696 Barkclay 03/26/14

H4LO · ‎12-23-2013

@megaman1 wrote:
I think for me.... I'm about to charge 50% and don't know if I can pay it back before statement cuts.

This exact thing.

2K limit on Discover, put 1K on it. Before I could move half of that 1K onto another card. Statement posted. It moved half day after.

Same with another card I was doing some MS on. Timed it wrong. Thought I could MS and make payment before statement. Failed.

My TU score plumeted. 745 to 709.

Sigh.

Total CL - 60K // Util. ~1.6%

772 TU - 6/5 ///// 705 EX - 5/5 ///// 664 EQ - 4/29

mlibby · ‎12-23-2013

True that pembrokepride

hacsx2 · ‎12-23-2013

Mine would be not paying them and letting them go to collections.

I was young and stupid.

EX: 747 (12/27) EQ:716 (11/6) TU: 703 (11/6) CK: 735
CC:
CSP $5000; BOA Rewards: $5000; Citi Platinum: $2600; UNFCU $500; BCP $6000; Wells Fargo reward $10k; Line of credit $10k ; Discover IT $7500; BML$1000; Citi TYP $5000; Chase Freedom $4000

dabrian · ‎12-23-2013

way to much to list when I was younger (18-22) Thirty four years old and much more knowledgeable about managing by money and credit.

NFCU Sig Cash-20k/ Amex BCP-19.4k/ Amex Costco-1.2k/Chase Marriott-12k/CSP-13.4k/ Freedom-5.5k/ Discover IT-14k/NCSECU-5k/Walmart-10k/Lowes-25k

sailor_mercury · ‎12-23-2013

@hacsx2 wrote:
Mine would be not paying them and letting them go to collections.
~~I was young and stupid.~~

X 2

It wasn't young and stupid. It was old enough to know better but so depressed I could barely get out of bed much less do anything meaningful. It was a small secured card, and I had the money to pay it, but I would get really irritated by high annual fees or if I was late (because logging on was too much to cope with) a high late fee.

Not paying a small $500 card and letting it go to collections is tied with the two higher limit cards (around $4k - $5k) being in my husband's name only, the car loans in his name, etc. I was 21 when we married and when I finally left I had VERY VERY little credit history and the only CC in my name had late payments, even a court judgement against it. It has since been removed from my CR.

NFCU nCashRewards VISA - $20,000 | NFCU nRewards $10,000
AMEX Costco TrueEarnings $5,000 | AMEX Delta Gold $1,500
Chase SWA VISA $5,000 | Chase Slate $3,500 | Chase Amazon Rewards VISA $3,000
HSN Mastecard $3,500

DigitalArk · ‎12-23-2013

Applied for NFCU goRewards too soon. $1000 limit, my lowest.