Approved for Milestone Gold Mastercard

[Schoolbuskid]

I app'd for this card to rebuild, what is the best strategy in using this card. I want to it right this time. I only plan to keep this card for about a year! Any input is appreciated.

[Anonymous]

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@Schoolbuskid wrote:

I app'd for this card to rebuild, what is the best strategy in using this card. I want to it right this time. I only plan to keep this card for about a year! Any input is appreciated.

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Congrats!! Should have put this in the Approvals section though..

To answer your question i recommend using and paying multiple times per month, have little to low utilization when the statement cuts and it should help bring that score up. Goodluck!

[Schoolbuskid]

Thanks!

I initially thought about setting up a small montly bill to be taken out this account. Bad idea? i really don't plan to use more than $50 bucks a month.

[woodyman100]

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@Schoolbuskid wrote:

Thanks!

I initially thought about setting up a small montly bill to be taken out this account. Bad idea? i really don't plan to use more than $50 bucks a month.

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That would work as well. Charge something and then pay immediately.  Both paths lead to the same goal. 

[Schoolbuskid]

Awesome, thanks!

[Schoolbuskid]

So as some of you may know this card has $75 processing fee when you activate account. Should i go ahead and pay it now, or wait til my account actually generates a due date, then pay? Oh and i just decided to pay my fingerhut account with this card which is $9/month. Good idea?

I just want to do this right, this time around!

[Imperfectfuture]

Unsure, since do not know scores, nor profile. I used a secured CU card, and only one rebuilder with the 75 fee. Nothing to transfer, did not use store cards. Followed the advice on BK to 700 thread, though no BK, just took care of all accounts that were negative. Waited for prime cards until reports clean. The thread recommends no store cards.

ETA: I payed the fee when bill generated, which was when account set up.  From that thread, the annual fee is the first months payment.