topic Re: Need help verybad in Credit Cards

Need help verybad

Anonymous — Fri, 25 Nov 2016 16:17:17 GMT

Ok I have penfed tloc for 500.. I wanted to know should I use this credit on my first premier card which is 300 out of $400 to pay it under 30% and it' use it to pay on my best buy card which is 2500 out of 3000 and pay 250 on the tloc every month

Re: Need help verybad

Anonymous — Fri, 25 Nov 2016 16:44:56 GMT

@Anonymous wrote:
Ok I have penfed tloc for 500.. I wanted to know should I use this credit on my first premier card which is 300 out of $400 to pay it under 30% and it' use it to pay on my best buy card which is 2500 out of 3000 and pay 250 on the tloc every month

Why would you? First, $500 isn't much and if you just transfer the funds from the PLOC to First Premier, then you'll show a maxed out PLOC which has the same scoring effect as a maxed out First Premier. Just pay as much as you can on the First Premier and BB card as you can each month and resist the urge to use more funds by tapping into the Thrifty account.

Re: Need help verybad

SouthJamaica — Fri, 25 Nov 2016 17:51:07 GMT

@Anonymous wrote:
@Anonymous wrote:
Ok I have penfed tloc for 500.. I wanted to know should I use this credit on my first premier card which is 300 out of $400 to pay it under 30% and it' use it to pay on my best buy card which is 2500 out of 3000 and pay 250 on the tloc every month
Why would you? First, $500 isn't much and if you just transfer the funds from the PLOC to First Premier, then you'll show a maxed out PLOC which has the same scoring effect as a maxed out First Premier. Just pay as much as you can on the First Premier and BB card as you can each month and resist the urge to use more funds by tapping into the Thrifty account.

Good advice

Re: Need help verybad

Creditaddict — Fri, 25 Nov 2016 22:20:55 GMT

I would use it to pay off first premier and CLOSE IT!

Re: Need help verybad

Anonymous — Sat, 26 Nov 2016 05:43:10 GMT

+1000 unlike credit one who actually gives some decent no fee agreements here and there… first premier is no one's friend pay that thing off and get rid of it, even if you have to max out another car to do it in the short run it might take a dip in the long run you save money. Saving money is more important than 10 credit score points

Re: Need help verybad

Anonymous — Sat, 26 Nov 2016 05:53:43 GMT

@Creditaddict wrote:
I would use it to pay off first premier and CLOSE IT!

This is the best advice - use Penfed to Pay First Premier to zero, then close First premier as fast as you can - you're paying a hellacious annual and/or monthly fee for a card that unequivocally does not care about you - dump it!

Re: Need help verybad

Anonymous — Sat, 26 Nov 2016 19:07:57 GMT

@Anonymous wrote:
@Creditaddict wrote:
I would use it to pay off first premier and CLOSE IT!

This is the best advice - use Penfed to Pay First Premier to zero, then close First premier as fast as you can - you're paying a hellacious annual and/or monthly fee for a card that unequivocally does not care about you - dump it!

Do u think I can just leave it open after I pay it off for a while til the annual fee come around

Re: Need help verybad

Anonymous — Sat, 26 Nov 2016 19:14:46 GMT

@Anonymous wrote:
@Anonymous wrote:
@Creditaddict wrote:
I would use it to pay off first premier and CLOSE IT!

This is the best advice - use Penfed to Pay First Premier to zero, then close First premier as fast as you can - you're paying a hellacious annual and/or monthly fee for a card that unequivocally does not care about you - dump it!
Do u think I can just leave it open after I pay it off for a while til the annual fee come around

yeah, that's not going to hurt you - however I would still physically cut the card in half to reduce the temptation to spend it back up before you close it

Re: Need help verybad

Creditaddict — Sat, 26 Nov 2016 19:21:32 GMT

It has a monthly fee doesn't it?
I would close it.
Have you checked for pre-qual for capital one?
Applied for discover?

Re: Need help verybad

Anonymous — Sat, 26 Nov 2016 19:31:54 GMT

@Creditaddict wrote:
It has a monthly fee doesn't it?
I would close it.
Have you checked for pre-qual for capital one?
Applied for discover?

As a huge Capital One fanboy myself, I have to second the advice to check the pre-qual - Here it is

Re: Need help verybad

Anonymous — Sat, 26 Nov 2016 23:09:44 GMT

@Anonymous wrote:
@Creditaddict wrote:
It has a monthly fee doesn't it?
I would close it.
Have you checked for pre-qual for capital one?
Applied for discover?
As a huge Capital One fanboy myself, I have to second the advice to check the pre-qual - Here it is

Well capital one just upgraded me from platinum to quick silver one Mastercard but the prequalify is only bringing up the platinum and qs card.. discover is bring up discover cash back card for my preapproval. I was going to pay those 2 balances down and apply for discover cash back navy fed credit card or pentagon but I won't good credit increase. Which one do u all think is better.

Re: Need help verybad

Creditaddict — Sun, 27 Nov 2016 00:17:54 GMT

Apply for Navy now they have 0% and there is a good chance you will get approved high enough and consolidate everything

Re: Need help verybad

joltdude — Sun, 27 Nov 2016 17:51:02 GMT

QS > QS1.....

If you are eligible and/or put in the effort to join Navy Fed through a backdoor......

it would help you out immensly .....

The other option is you have a prequalify for QS.....

You could go for it....

Not a fan of maxxing out Penfed but really think its in your best interest to pay off and/or balance transfer your way out of that parasitic predatory CC....

Ideally a BT on a card with some room....even the BT fee if there is one or APR is less than that vile card..

-J

Re: Need help verybad

Anonymous — Sun, 27 Nov 2016 17:52:59 GMT

@Creditaddict wrote:
Apply for Navy now they have 0% and there is a good chance you will get approved high enough and consolidate everything

Joining Navy Fed is onw of the best decisions anyone can make.

Re: Need help verybad

Creditaddict — Sun, 27 Nov 2016 17:55:10 GMT

When you say prequalified for qs. You mean the no annual fee version not the qs1?
You should apply for that! It has 0%!

Re: Need help verybad

Anonymous — Sun, 27 Nov 2016 17:56:20 GMT

I have had an account with them for 4 months never did anything with it so u think I should get a personal loan or credit card with navy and which one should I Reply for

Re: Need help verybad

Creditaddict — Sun, 27 Nov 2016 17:58:23 GMT

The go rewards as it has the0%

Re: Need help verybad

Anonymous — Sun, 27 Nov 2016 17:59:30 GMT

@Anonymous wrote:
I have had an account with them for 4 months never did anything with it so u think I should get a personal loan or credit card with navy and which one should I Reply for

If you are saying Navy Fed I would apply for the Go rewards. It has a promo for 0% on balance transfers you could pay off your existing debts and not pay interest for awhile. The credit card will be easier to get and have a lower rate than a personal loan.

Re: Need help verybad

Anonymous — Sun, 27 Nov 2016 18:00:07 GMT

I mean the qs1 that's the one I upgraded to from the platinum and it's also the qs1 that keep popping up for prequalify card

Re: Need help verybad

joltdude — Sun, 27 Nov 2016 18:04:36 GMT

Apply for the GoRewards.. you dont need another QS1 with an AF

We thought that perhaps C1 was offering you a QS.. that has a 0 deal (albeit for 6mos) but even thats better than your FP offer...

-J