topic Re: How soon do you use your new cc? in Credit Cards

How soon do you use your new cc?

Anonymous — Tue, 13 Nov 2012 20:56:54 GMT

When I get a new card in, I wait a few weeks before I use it so I don't look desperate....lol But today I just got in my freedom card and am going to use it asap to earn the 100.00 cash back.

I'm just wondering who else strategically plans when to use their card the first time

Re: How soon do you use your new cc?

Anonymous — Tue, 13 Nov 2012 20:57:56 GMT

It depends with me. Some get used asap and others within the first 30 days.

Re: How soon do you use your new cc?

shakalaka — Tue, 13 Nov 2012 21:05:20 GMT

Well, why wait? Banks give you cards for one purpose ... using them, so they can earn some money out of the usage.

I use mine right away. Nevertheless maxing them out in the first few days shouldn´t be the optimal usage of course May be take it easy until the first statement has cut and they have received the first payment from me.

Re: How soon do you use your new cc?

Epcot — Tue, 13 Nov 2012 21:08:07 GMT

Yesterday I applied for the Chase Disney visa, got approved, picked it up and used it for dinner!
But I usually use a new card within one week of activation for one or two transactions.

Re: How soon do you use your new cc?

webhopper — Tue, 13 Nov 2012 21:09:26 GMT

I use it within the first week... I used chase card before I got it in the mail.

Re: How soon do you use your new cc?

distantarray — Tue, 13 Nov 2012 22:20:15 GMT

before I can even peel the activation sticker off LOL

seriously sad thing is amex visa mastercard (haven't tried discover) but they all work before calling in to "activate" the card fun right? =)

i'm debating on never "activating" the next card I get so if I get behind on payments I can argue the card was never activated lol jk

Re: How soon do you use your new cc?

SnackTrader — Wed, 14 Nov 2012 02:16:52 GMT

I always use the card immediately. I wait to apply, then I wait for it in the mail, so by the time it gets to me I can't wait any longer to get those rewards.

Re: How soon do you use your new cc?

CreditScholar — Wed, 14 Nov 2012 02:19:49 GMT

For me it really varies. In some cases I'll use it within 1-2 days of receiving it, and in other cases it'll be 2-3 months before I start using the card.

Re: How soon do you use your new cc?

beb86 — Wed, 14 Nov 2012 02:20:40 GMT

for me its usually sometime in the first week

Re: How soon do you use your new cc?

Anonymous — Wed, 14 Nov 2012 02:30:16 GMT

I'd use it whenever I need to and not a moment sooner/later. No planning or scheming with me. CC are meant to be used (when needed).

Re: How soon do you use your new cc?

Anonymous — Wed, 14 Nov 2012 03:01:07 GMT

I am going to wait until tomorrow to use my new freedom card..gonna pay a couple bills so I can start getting credit towards the 500.00 to get 100.00 cash back....that is for any charge right?

Re: How soon do you use your new cc?

Duncanrr — Wed, 14 Nov 2012 03:16:33 GMT

I use mine within first day I get it. The sooner used the sooner it can start reporting and generate a bill. Like tonight, I got my NFCU flagship. I activated it and then charge $25 to charity for Sandy storm recovery and then bought dinner for me and brother on it. Over next 30 days ill push about 1k though ad PIF right before statement generates.

Re: How soon do you use your new cc?

Anonymous — Wed, 14 Nov 2012 03:19:19 GMT

The very next time, I buy something.

Re: How soon do you use your new cc?

Imua — Wed, 14 Nov 2012 05:48:57 GMT

@Anonymous wrote:
When I get a new card in, I wait a few weeks before I use it so I don't look desperate....lol But today I just got in my freedom card and am going to use it asap to earn the 100.00 cash back.

I'm just wondering who else strategically plans when to use their card the first time

when i recently got my newBofA Americard Cash Rewards card, i used it later that same day ( i wanted to start the $500in purchases right away to earn the $100 cash back)

with my other cards that didn't have a $pend to get a bonu$ offer, i used them sometime within the 1st week or 2 (that was about 4 years ago)

Re: How soon do you use your new cc?

Anonymous — Wed, 14 Nov 2012 13:40:17 GMT

I usually wait til I pay off other to use a brand new card.. Pointless to create another bill when you already have utilization on another. That being said once I get my Disney visa I'm going to discontinue use of my capital ones on favor of those and just use both my chases now til capital one stops being stingy with their CLIs

Re: How soon do you use your new cc?

Anonymous — Wed, 14 Nov 2012 14:24:49 GMT

+1 Yes cap 1 does need to stop being stingy with cli's. Sock drawer they go until then. I will just use my amex.chase. and discover

Re: How soon do you use your new cc?

Revelate — Wed, 14 Nov 2012 14:35:51 GMT

As soon as possible .

I apply for any new card for a specific reason (OK my future USAA one likely excepted) and it's worth moving whatever piece of my financial life that is destined for that card over to it immediately.

I honestly don't think lenders care at all; they have already extended credit, they absolutely want you to use it, and likely even before you receive the card where possible if Amex is any indication for the rest of be industry as another poster intimated too.

Re: How soon do you use your new cc?

armbenderc — Wed, 14 Nov 2012 14:44:27 GMT

@Anonymous wrote:
I am going to wait until tomorrow to use my new freedom card..gonna pay a couple bills so I can start getting credit towards the 500.00 to get 100.00 cash back....that is for any charge right?

Yes, that is for any charge except BT and cash advances.

@ the OP, I used it first week to get my sign-on bonus and PIF before statement cut. Right when the statement cut, I got my bonus on my Freedom card.

Re: How soon do you use your new cc?

chnceit — Wed, 14 Nov 2012 16:40:57 GMT

I use it right away so the ccc sees usage

Re: How soon do you use your new cc?

injustifiiable — Wed, 14 Nov 2012 16:42:34 GMT

I usually put a Starbucks on it the same day...or the next. lol.

Sometimes I wait...and others I have rarely get used.