credit cards and tax refunds

afbar1114 · ‎02-02-2012

so i plan on taking some of my refund my taxes and plan on paying bbrzmc and closing the card and pay off/down other cards...anyone else plan on doing this?

AMEX PRG; AMEX EveryDay $14,800; Freedom $6k; Sapphire $7k; IHG Select $5k; Discover $2,400; BofA Better Balance $9,100; Bank Americard $5,900; Citi DC $2,700; Citi Diamond $2,500; BestBuy $20,000; Amazon Prime $5k, United Club $15,000; Home Depot $20,000; Barclays $7,500

Total Credit Limits: $122,650

luvsandyshores · ‎02-02-2012

Yep. Already got my whopping $85 state refund and applied that to one of my cards.

CH13 confirmed 1/2016

ChesterPDexter · ‎02-02-2012

Yes, I am always working on paying off and paying down credit cards. I would like to pay off my Juniper (Barclay) card. I worked it down to $605 and it would be nice to see it paid to zero for the first time in a very long time.

_________________________________________________________
Too many accounts; too many debts; lots of open credit, and lots of utilized credit. Scores somewhere in the 600s - I have no earthly idea exactly what number, but not 700 like it was, briefly.

AllPro · ‎02-02-2012

Yeah i also plan on doing this, I will be debt free on all my CC ! Cant wait to se the score jump.

Starting Score: EQ 729 TU 727
Current Score: Ex (AMEX) 765 EQ 734 TU 736
Goal Score: 780+

Take the FICO Fitness Challenge

john398 · ‎02-02-2012

I have paid down a few cards with my refund and will be paying down more

SoulMaster · ‎02-02-2012

I WISH I'd get a refund. Still owe the FED ~$25K. They get to keep the ~$2K I'd otherwise get back.

I keep my balances @ zero (or next to zero) though, so the bonus $ would probably take me to Japan or something. Ahh... dreams!

-SM

I am not an attorney and none of what I write should be construed as legal advice. For legal advice please consult an attorney.

Starting Score: ~470 preBK(8/2010)
Current Scores as of Late January 2016 All 700+. Last CR pull from a lender(housing) was mid-score 749.
Goal Score: 700+ - reached.

RTOrockstar · ‎02-02-2012

I plan on upping my secured CapOne card by $100 or so.

LS2982 · ‎02-02-2012

I used some for mine, learning how to properly use the card now. Very rarely and only when budgeted.

EQ FICO 548 3/3/16

Anonymous · ‎02-02-2012

@luvsandyshores wrote:
Yep. Already got my whopping $85 state refund and applied that to one of my cards.

OMG you must be rolling in the dough . I wish I would get something back from our government. Only if Mod Cut was president, we wouldn't have any income tax.

CS800 · ‎02-02-2012

Part of my returns will go towards bringing my util under 5%