06-16-2012 02:15 PM
06-16-2012 02:27 PM
I bought a $5 footlong at Subway when I got my card....
06-16-2012 02:36 PM
06-16-2012 03:42 PM
Congrats..I love them when they're all shiny and new 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
06-16-2012 05:28 PM
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.
06-16-2012 06:31 PM
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
06-16-2012 07:40 PM
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
06-17-2012 07:49 AM
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 .
What maturity and living life in the 500's for a while can do for ya.
06-17-2012 08:33 AM
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.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.