First responsible use credit card

Anonymous · ‎06-02-2017

A couple weeks ago I started my first new card. I was approved for a $3000.00 journey student card from cap1. I currently have $800 of purchases on the card. I am wondering should I pay this as I go? I plan on putting at least another 1k on the card before the month is through. I don't have a statement due yet but when I called in it said my I first bill is due July 7th. Does it look bad to make too many payments? To pay off the card everytime it gets to a $500 balance? I have only been putting on the card purchases that I actually have in my bank account so I'm not worried about not being able to pay. I just want to win this credit card game..I've never really played to win before so this is all new to me.

Any advice out there to someone just starting with their first responsible card usage?

rmduhon · ‎06-02-2017

I'd pay it when it gets to around 500 so that the reported balance will be low. If the Journey card has the same setup as a Platinum or QST then the statement date will be 3 days after the due date.

Anonymous · ‎06-04-2017

Nope, it doesn't hurt to make multiple payments. I just started not that long ago and I make many payments to my Cap1 Quicksilver card with no issue. Just make sure to pay your balance by the due date and you'll be golden 😃

I also have a 3 day difference between my due date and statement post date.

AverageJoesCredit · ‎06-04-2017

Congrats on getting a nice limit on your csrd and glad you are taking your credit seriously. Making multiple payments is good as you are making payments and from what i gather about Cap One they love usage and multi payments

Keep up the good habits

Anonymous · ‎06-04-2017

Nice to know about all of your experiences with cap1 . I eventually want to try to get the Quicksilver, maybe in 6mths or a year.

I just paid off everything and left a $16 balance on the journey card. I set a couple of household bills for about $150 together to auto pay onto the card so those should also show up on the statement balance.

I'm loving capital one and earning the cash back rewards! I earned $9.60 so far which isn't much but still makes me feel good. I'm so happy to have this second chance and I want to do everything perfect even though I'm still not 100% sure of all the rules to this!

Anonymous · ‎06-04-2017

Just a question do you guys have the Quicksilver or the Quicksilver one? I'm a bit wary about paying the annual fee of the Quicksilver one even tho I know if make it up in rewards
Just wondering which one everyone has and if the quicksilver one ever graduated to a regular quicksilver?
Thanks!

simplynoir · ‎06-04-2017

Yes, you can PC your QS1 to the QS. There use to be a post where you could ask for one but from the last time I checked it it seems the link doesn't work at the moment. I would just call CS and inquire as to if/when you can change over to the QS.

rmduhon · ‎06-04-2017

You can PC the QS1 into a QST, but it's easier to PC a Platinum into a QS.

Anonymous · ‎06-04-2017

@Anonymous wrote:
A couple weeks ago I started my first new card. I was approved for a $3000.00 journey student card from cap1. I currently have $800 of purchases on the card. I am wondering should I pay this as I go? I plan on putting at least another 1k on the card before the month is through. I don't have a statement due yet but when I called in it said my I first bill is due July 7th. Does it look bad to make too many payments? To pay off the card everytime it gets to a $500 balance? I have only been putting on the card purchases that I actually have in my bank account so I'm not worried about not being able to pay. I just want to win this credit card game..I've never really played to win before so this is all new to me.

Any advice out there to someone just starting with their first responsible card usage?

I PCed my Journey to a QS 3 months in via online chat. Always PIF, always make multiple payments. After 2-3 months, you may be eligible for a CLI in addition to credit steps. Just curious, how did you get a $3k SL? Did you have prior history, like student/auto loans? Or was this the first credit product of any kind that you've had?

Anonymous · ‎06-04-2017

I have the regular Quicksilver w/o annual fee.

I started with a Platinum and PC'd to the Quicksilver. I had it for 4 months and used the link that use to be in a different thread to get the upgrade.

I think you can start checking for an upgrade offer after 3 statements cut. I also wouldn't go for a QuicksilverOne because of the annual fee.