... and have been set about performing their respective tasks.
BoA BankAmericard UCF Alumni Visa Signature: Serves as my all-around cash back card. Focusing on using it for gas and groceries because of the 3%-2% cash back on these categories, unless it's one of Discover's rotating bonus quarters.
Discover: As mentioned above, I'm using this for the cash back bonus quarters. I'll continue using this for gas through the end of the month.
Citi Diamond Preferred: 0% interest for 18 months. I wanted this card because Citi can be generous with CLs and I wanted a card with a good promotional intro rate in case I wanted or needed to float a balance. As it happens, almost immediately after getting approved for the card, I wound up needing to have some emergency dental work done. I have more than enough set aside in emergency savings to cover the bill, but I'd rather let the funds sit in an interest bearing account and use Citi's money free of charge for the next three months. So, I put the dental work on the Citi card and will pay it off by November. Then the card will still have a 0% intro rate for a good, long time, and I'll have the credit line available in case life throws something else at me.
And finally, Wells Fargo Rewards Visa: I asked for and received an AU card for my DH. With a $7000 CL, this will be the high limit card for his wallet as he continues to rebuild his own credit.
Anything that doesn't fall into the above categories either goes on the appropriate store card (Dillard's, JCP or very rarely, Kay's), or it goes on my Amex Green. In case a merchant doesn't take Amex -- such as my hair salon -- it will go on BoA for the 1% cash back.
It feels wonderful to have all of my new cards activated and performing in their respective niches. It feels like having a good set of tools available, ready to be used for the appropriate job. 
Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
@tinuviel wrote:... and have been set about performing their respective tasks.
BoA BankAmericard UCF Alumni Visa Signature: Serves as my all-around cash back card. Focusing on using it for gas and groceries because of the 3%-2% cash back on these categories, unless it's one of Discover's rotating bonus quarters.
Discover: As mentioned above, I'm using this for the cash back bonus quarters. I'll continue using this for gas through the end of the month.
Citi Diamond Preferred: 0% interest for 18 months. I wanted this card because Citi can be generous with CLs and I wanted a card with a good promotional intro rate in case I wanted or needed to float a balance. As it happens, almost immediately after getting approved for the card, I wound up needing to have some emergency dental work done. I have more than enough set aside in emergency savings to cover the bill, but I'd rather let the funds sit in an interest bearing account and use Citi's money free of charge for the next three months. So, I put the dental work on the Citi card and will pay it off by November. Then the card will still have a 0% intro rate for a good, long time, and I'll have the credit line available in case life throws something else at me.
And finally, Wells Fargo Rewards Visa: I asked for and received an AU card for my DH. With a $7000 CL, this will be the high limit card for his wallet as he continues to rebuild his own credit.
Anything that doesn't fall into the above categories either goes on the appropriate store card (Dillard's, JCP or very rarely, Kay's), or it goes on my Amex Green. In case a merchant doesn't take Amex -- such as my hair salon -- it will go on BoA for the 1% cash back.
It feels wonderful to have all of my new cards activated and performing in their respective niches. It feels like having a good set of tools available, ready to be used for the appropriate job.
Very awesome Tinu!!!
WTG!!
Very cool Tinu! Enjoy "working" them to your advantage!
@youngandcreditwrthy wrote:
Amazing! I feel sorry for people who are anti-credit! Clearly, us who use credit wisely are the smart ones !!:-)
That's exactly how I feel about it. Credit cards are tools, and like any other tool, they can hurt you if used carelessly, or they can be very beneficial if used properly. My father-in-law is very adverse to credit, and believes that living a credit free life is indisputably the best option. But I have to say, when we go to Lowe's and use my DH's card, I smile every time. Why? Because I know that we just saved 5% at the register, whereas when my father-in-law goes in and pays cash, he's paying the full price. The fact is that if you use credit wisely, it will save you money.
Current Scores: EQ 775 (03/04/2014), EX 756 (03/01/2014), TU 760 (03/01/2014)
Ruby Spade Garden Club Member - Last App: 03/04/2013 - No apps until 2014
Cards: Cap1 Venture 6.4k, Cap1 Quicksilver MC 1.75k, BankAmericard 1-2-3 Visa Signature - UCF Alumni Association 5k, Discover 7k, Citi Diamond Preferred MC 10.35k, Wells Fargo Rewards Visa 7k, Chase Freedom 5k, Chase Ink 7.5k, Amex Green NPSL, Dillard's Amex 7.5k, JC Penney 7.5k, Kay Jeweler's 5.1k
Congrats on your new CCs! I know how good it feels to finally have credit again after a long rebuilding journey... and to be using it to your advantage w/cash back and 0% financing, when needed.
That's great Tinu. Every card has a job to do. And they are doing it well.
Congrats again!
Smart....
Starting Score: 560
That's a super collection. Congrats! See you in the garden. 