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Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

FINALLY - got first CC in mail and I splurged!!

I had to splurge when I got my brand new shiny CC in mail today. I mean I had to get my billing started anyways. Should I buy a $1500 dollar computer like I did the last time I dove into the realm of cc spending? ..... Nope, I charged a $15.00 haircut a super cuts. Guess I'm finally maturing financially.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: FINALLY - got first CC in mail and I splurged!!

Great!

1% util is kinda neat, isnt it?

Valued Contributor
injustifiiable
Posts: 1,840
Registered: ‎03-30-2012

Re: FINALLY - got first CC in mail and I splurged!!

I bought a $5 footlong at Subway when I got my card....

Scores 6/17/2014: TU FICO: 643 | EQ FICO: 675 | EX AMEX FICO: 666

In my new wallet: American Express Premier Rewards Gold EMV: NPSL | BankAmericard Cash Rewards Visa EMV: $2500 | BarclayCard Rewards Average: $2000 | Travelocity Rewards AMEX: $1050 | Discover IT: $1500 | Amazon Rewards Visa: $1500 | Sportsman's Guide Visa: $3000 | Capital One QuicksilverOne MasterCard: $1250 | Target: $400 | J.Crew $2750
Valued Contributor
Duncanrr
Posts: 2,841
Registered: ‎06-08-2012

Re: FINALLY - got first CC in mail and I splurged!!

:smileywink: see we are evolved. We learn that doing something stupid twice isn't the way to go.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Frequent Contributor
JPersat
Posts: 299
Registered: ‎05-28-2012

Re: FINALLY - got first CC in mail and I splurged!!

Congrats..I love them when they're all shiny and new :smileyhappy: I used my newest (monday) to charge a $20 monthly payment for Sea World annual passes..and that's the ONLY thing it'll ever be used for, so it'll always report a super low balance :smileyhappy:


Starting Score: 492 02/12
Current Score: TU: 668 (FICO), EQ: 668 (FICO). EX: 651(lender pull 9/27/12)
Goal Score: 660



Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007

Re: FINALLY - got first CC in mail and I splurged!!

Indiv cards, used properly, can give a double-beneifit. 

FICO scores both overall util and indiv util, so one card can help in the individ acct scoring sub-category.

Also, by getting the balance to $0 at reporting time, it improves your % cards reporting a balance.

Contributor
jetsfan2012
Posts: 208
Registered: ‎05-28-2012

Re: FINALLY - got first CC in mail and I splurged!!

Glad to read. A friend of mine just told me his credit card he opened 2 months ago is now reporting over the limit, and the company is closing his card. smh

Credit Karma - 636 8-12-12 USAA
Credit Rebuilding Mode - Cap 1 Plat(500CL) SHOW MC(300CL)
Clean Up Mode - Goal - No New Apps till 6/2013
Valued Contributor
rckstrscott
Posts: 2,659
Registered: ‎04-25-2011

Re: FINALLY - got first CC in mail and I splurged!!

My current fiance, prior to use dating, got a $500 dollar Chase Freedom card and it was promptly over the limit in 30 days.. haha

 

-scott

Starting FICO Score: 10/10: TU 498 | EQ: 502 Current FICO Score(lender pull): 05/12: TU: 722 | EQ: 712 | EX: 686
Collections Removed: Hunter Warfield, CBE Group, Merchants Credit Guide, EOS-CCA, Enhanced Recovery, Portfolio Recovery, UCB, American Collection Company, Medical Business Bureau, Jefferson Capital, Credit Portfolio Associates, FCO, LVNV, Convergent, Armor Systems
Other Negative Entries Removed:Plains Commerce CO, HSBC CO, 2008 Judgment Santander Reposession

Still Working On: Illinois Paid Tax Lien,
Positive Accounts:10/10: 0 | 07/12: 6 | Mortgage Closed 5/12, Macy's AMEX $3900, Citi/Home Depot $2000, Capital One Cash Rewards $1500, Capital One Secured $500, Credit One Bank $500. Total Utilization: 6%. AAoA: 1yr, 7mth. INQS: 8 TU, 8 EQ, 4 EX
Valued Contributor
Rhaeny
Posts: 1,507
Registered: ‎07-24-2011

Re: FINALLY - got first CC in mail and I splurged!!

I charged $1.75 per day for my morning cup of caffeine at Tim Hortons for one week.  I felt like I had been on a shopping spree :smileyvery-happy:.  

 

What maturity and living life in the 500's for a while can do for ya.


Major CC's - Barclay's ($5.5K) | Barclay's Sallie Mae MC ($5K) | DCU ($7.5K) | Discover IT ($1.4K) | Genisys Visa ($1.4K) | NFCU Visa ($22K) | Navcheck ($15K) | Chase Freedom ($5K) | SDFCU Visa ($8K) | Amex BCP ($9.5K) | Amex Delta ($10K) |Store CC's| -Amazon ($4K) | Catherines ($850) | JCP ($4K) | Macy's ($1.7K) | Avenue ($850) | Victoria's Secret ($1.4K) | Walmart ($4.1K) | Paypal SC ($1.3K) | HSN ($2.5) | Sears ($2.6K) | Sams Club ($4.1K) |Goal|: Age with grace to 750 across the board |Last app|: 3/3/2014
New Member
User592954
Posts: 37
Registered: ‎06-16-2012

Re: FINALLY - got first CC in mail and I splurged!!

I always just max out a new card, go 90% to 95% of CL, but then a few days later it's paid off.

I prefer the new cards to show zero balances with a MAX used almost the full line, the ability to borrow and pay back is IMO way more important than not using CL's.

You max and pay it off for something you were going to buy, you get bonus points if its a good card and in a short time you can double and or quadruple the CL by having maxed it and paid it off.

I know the pack says don't use or use very little, I say, max it and up the CL in a short time and when you apply 6 or 8 months down the road for a new card they see your low CL card is now a high CL card and you have had high balances that were PAID OFF, use if the key to credit, how to build it fast and how to get huge lines at low rates.

 

Ghost in Bureau's from 1987 to 2010 (lot's of money no need for credit)
0 2010 in Bureaus
750 average beacon 2012
850 goal

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