topic Re: Sock Drawer Alternatives ... How do you do it? in Credit Cards

Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 22:46:31 GMT

Well my girlfriend loves the way I sock drawer my CCs so I thought I'd see if there were any other more creative ways. I have this Fossil Wallet that has this pull out card holder. Well all four of my CCs are in this card holder portion of my wallet and I know which ones are sock-drawered because they are the ones that are in there backwards and upside down. Pretty much, if I look at it and can't tell which card it is, then its off limits.

I know my mom used to put hers in a vase (spelling?) on top of the fridge under a plastic plant.

Any more?

Re: Sock Drawer Alternatives ... How do you do it?

Niki9 — Sat, 15 Dec 2007 22:54:38 GMT

In my container that I keep all the bills that I have to pay. I keep them under the bills as a reminder that I do not want another bill.

Re: Sock Drawer Alternatives ... How do you do it?

MidnightVoice — Sat, 15 Dec 2007 22:57:09 GMT

In my FMFC Financial Matters Filing Cabinet

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:19:05 GMT

I only carry my rotators in my wallet. The rest go into a leather portfolio. When I want to switch for the month, I just trade out.

Message Edited by Brammy on 12-15-2007 06:19 PM

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:17:32 GMT

I have 1 account I never use. I was carrying it around for the longest time, then I threw it in the shredder at work Still going to keep the account open though, since it's my oldest one.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:20:15 GMT

fail2deliver wrote:
I have 1 account I never use. I was carrying it around for the longest time, then I threw it in the shredder at work Still going to keep the account open though, since it's my oldest one.

I thought about tossing one into the shredder, but in order to keep it factoring in, you have to use it occasionally, so into the portfolio it goes.

Re: Sock Drawer Alternatives ... How do you do it?

kclb — Sat, 15 Dec 2007 23:21:19 GMT

Lock it in a safe deposit box at your local bank/credit union? heheheh.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:22:11 GMT

kclb wrote:
Lock it in a safe deposit box at your local bank/credit union? heheheh.

Too much trouble for me to go to the bank to rotate cards on a monthly basis.

Re: Sock Drawer Alternatives ... How do you do it?

kclb — Sat, 15 Dec 2007 23:22:50 GMT

heh. Something I would do so I behave myself.....

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:24:19 GMT

kclb wrote:
heh. Something I would do so I behave myself.....

I'm so OCD I have dates certain cards are used...lol!!!

1-15th one MC

15-30 one visa

lol!! Thats based on the reporting dates of course

Re: Sock Drawer Alternatives ... How do you do it?

kclb — Sat, 15 Dec 2007 23:26:56 GMT

Oh really? Hmm...Ever since I got my AMEX, I stopped using my other CCs except for my debit card. heh.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:27:28 GMT

@Anonymous wrote:

@Anonymous wrote:
I have 1 account I never use. I was carrying it around for the longest time, then I threw it in the shredder at work Still going to keep the account open though, since it's my oldest one.

I thought about tossing one into the shredder, but in order to keep it factoring in, you have to use it occasionally, so into the portfolio it goes.

I haven't used it for years, it's still on one of my credit reports (forgot which one) that it reports to.

And this card I'm an authorized user of, so it's not really mine so I can't be running up the tab on it.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:29:37 GMT

kclb wrote:
Oh really? Hmm...Ever since I got my AMEX, I stopped using my other CCs except for my debit card. heh.

Both of these are rewards cards. I use them up to two weeks before the reporting date then PIF so it reports 0 and get the rewards. I use different cards for different reasons...lol!!

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:31:23 GMT

@Anonymous wrote:

@kclb wrote:
Oh really? Hmm...Ever since I got my AMEX, I stopped using my other CCs except for my debit card. heh.

Both of these are rewards cards. I use them up to two weeks before the reporting date then PIF so it reports 0 and get the rewards. I use different cards for different reasons...lol!!

I always pay my card online, and pay 2 days b4 it's due (although i schedule it way in advance). Never saw any reason to pay them before interest starts accruing.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:34:59 GMT

@Anonymous wrote:

@Anonymous wrote:

@kclb wrote:
Oh really? Hmm...Ever since I got my AMEX, I stopped using my other CCs except for my debit card. heh.

Both of these are rewards cards. I use them up to two weeks before the reporting date then PIF so it reports 0 and get the rewards. I use different cards for different reasons...lol!!

I always pay my card online, and pay 2 days b4 it's due (although i schedule it way in advance). Never saw any reason to pay them before interest starts accruing.

Actually I do it that way because I have balances for special finance offers reporting on a couple of cards, keeps from getting dinged or that 'too many cards with balances thing'. This month I was late (well after I usually PIF my PIF cards) and got hit for too many balances. Just like daily usage card to report 0 whenever feasible. I do let them report a balance every blue moon. But between the holidays and Microsoft Money, I wound up with too many balances and some high. Should correct itself before EOM tho.

Soon as I get biz credit well established will be no need to carry those blances either except for household goods at BB.

Re: Sock Drawer Alternatives ... How do you do it?

haulingthescoreup — Sat, 15 Dec 2007 23:35:26 GMT

@Anonymous wrote:
I always pay my card online, and pay 2 days b4 it's due (although i schedule it way in advance). Never saw any reason to pay them before interest starts accruing.

If you pay them 2 days before they report to the credit bureaus (generally, though not always, this is on the statement date), you'll get a good score jump.

Of course, if you're keeping the money in savings as long as possible, you would lose the interest by doing that. But if you're ever headed for a mortgage, etc., where you want your scores up, that's a great tactic for boosting your scores, and works pretty quickly.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:38:42 GMT

@haulingthescoreup wrote:
@Anonymous wrote:
I always pay my card online, and pay 2 days b4 it's due (although i schedule it way in advance). Never saw any reason to pay them before interest starts accruing.

If you pay them 2 days before they report to the credit bureaus (generally, though not always, this is on the statement date), you'll get a good score jump.

Of course, if you're keeping the money in savings as long as possible, you would lose the interest by doing that. But if you're ever headed for a mortgage, etc., where you want your scores up, that's a great tactic for boosting your scores, and works pretty quickly.

I thought that if you're utilization was 10% it won't affect your scores.

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:40:27 GMT

Good uti helps but alsotoo many balances will hurt. I had three cards reporting with less than 100.00 for Xmas odds and ends and got a score watch when whichoever one that was the magic number reported a balance. Pulled report....too many cards with balances

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:44:57 GMT

You would think that the balance size would matter.. since for practical purposes, a $5 balance is just as good as $0.. too bad it doesn't work that way

Re: Sock Drawer Alternatives ... How do you do it?

Anonymous — Sat, 15 Dec 2007 23:46:49 GMT

Yep, had a 50$ balance on my Target Visa. I try to use the cards for their stores when possible. But then Macys was horrendous Definitely planned on paying that off before it reported. Over 50% on that one card...lol!