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Gardening Strategy

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Anonymous
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Gardening Strategy

Had a thought on a strategy to garden my new cards awhile and figured I'd run it by the fine folks here. Get some comments and further ideas. If it's a good one, feel free to use it.

Starting to use my credit as a daily spend for the first time, always been more of a debit kinda guy, if I don't have it, I don't spend it. So in effort to keep in line with this, I figure I'll PIF every monday and ignore statement dates. That way it's less stress to keep up with, and wherever the statements fall, they can be reported as what they are until the following monday (or autopay, haven't decided).

In effect this should:
1: Keep all cards PIF
2: Keep my spending responsible to a weekly schedule.
3: Have low UTI on any reported amounts (should be between 1-5%)
4: Make sure I don't stress about payment dates.
5: Ensure I keep a better knowledge of my money. PIF Monday, get paid on Wednesday so I know what I can spend on the next week.
6: Outside of 5% cats, daily spend should be on a single card to keep AZEO.
7: Only have to monitor statement dates for major purchases to ensure higher uti isn't reported.
8: Garden them little seedling accounts into flourishing credit lines.

Thoughts on the process, effect, or otherwise? Also, hopefully I shouldn't have any problem making up to 4 payments a month, correct?

Cards to be used:
Chase Freedom Unlimited (until SUB met, then SD'd until I can PC to CF)
Discover it (for 5% cats only)
Paypal Cashback MC (Daily driver)

The Discover and Chase I plan to do push payments via my bank, however, it doesn't seem I can do push for Paypal/Synch, which is the one I really want push for. My bank only comes up with Paypal Credit and Synchrony Bank, trying to setup as Synchrony bank, it asks for zipcode, then after hitting save, requires additional information and asks for full address and makes it paper checks. *facepalm* nvm, my bank folds the synch card under Paypal Buyer Credit. All push payments ahoy.

Message 1 of 19
18 REPLIES 18
Anonymous
Not applicable

Re: Gardening Strategy

I don't see any huge problems with this strategy, but it's overkill to pay every Monday. You could literally pick any day of the month and pay on that date every month and not have to worry about due dates. Also, no real reason to only use one card for AEZO. Utlization has no memory from one month to the next so it's pointless to go through the trouble to get a few extra points. Just use the card for the best categories, pay them once a month, and enjoy. 

Message 2 of 19
Anonymous
Not applicable

Re: Gardening Strategy


@Anonymous wrote:
Had a thought on a strategy to garden my new cards awhile and figured I'd run it by the fine folks here. Get some comments and further ideas. If it's a good one, feel free to use it.

Starting to use my credit as a daily spend for the first time, always been more of a debit kinda guy, if I don't have it, I don't spend it. So in effort to keep in line with this, I figure I'll PIF every monday and ignore statement dates. That way it's less stress to keep up with, and wherever the statements fall, they can be reported as what they are until the following monday (or autopay, haven't decided).

In effect this should:
1: Keep all cards PIF
2: Keep my spending responsible to a weekly schedule.
3: Have low UTI on any reported amounts (should be between 1-5%)
4: Make sure I don't stress about payment dates.
5: Ensure I keep a better knowledge of my money. PIF Monday, get paid on Wednesday so I know what I can spend on the next week.
6: Outside of 5% cats, daily spend should be on a single card to keep AZEO.
7: Only have to monitor statement dates for major purchases to ensure higher uti isn't reported.
8: Garden them little seedling accounts into flourishing credit lines.

Thoughts on the process, effect, or otherwise? Also, hopefully I shouldn't have any problem making up to 4 payments a month, correct?

Cards to be used:
Chase Freedom Unlimited (until SUB met, then SD'd until I can PC to CF)
Discover it (for 5% cats only)
Paypal Cashback MC (Daily driver)

The Discover and Chase I plan to do push payments via my bank, however, it doesn't seem I can do push for Paypal/Synch, which is the one I really want push for. My bank only comes up with Paypal Credit and Synchrony Bank, trying to setup as Synchrony bank, it asks for zipcode, then after hitting save, requires additional information and asks for full address and makes it paper checks.

I sent out the payment to my PayPal card choosing PayPal Buyer Credit. DCU shows it as “E-bay dual card” where it was sent so I think it should show up tomorrow along with my Amazon Store Card payment. 

 

Its all Synchrony whether it’s sent to Synchrony Bank, PayPal Buyer Credit, or Amazon so technically all three of them should go where they are meant to via your account number. 

 

As for your payment plan, it’s not the way I would do it but as long as you’re pushing payments and not pulling them, it shouldn’t be an issue. 

Message 3 of 19
Anonymous
Not applicable

Re: Gardening Strategy


@Anonymous wrote:

I don't see any huge problems with this strategy, but it's overkill to pay every Monday. You could literally pick any day of the month and pay on that date every month and not have to worry about due dates. Also, no real reason to only use one card for AEZO. Utlization has no memory from one month to the next so it's pointless to go through the trouble to get a few extra points. Just use the card for the best categories, pay them once a month, and enjoy. 


The main reason for this is to keep from lump sum payments so I can track my finances better without micro-managing... Sorta macro-managing instead. Especially if say, something happens and I miss some work, I couldn't plan that drop in cash for the next week. Right now all of my cards (minus my crap local bank one) are 0% between 12-18 months so it's not a huge problem, nor am I irresponsible (it took me until age 27 to even get my first credit card and almost 3 years to get another).

 

Although I just realized all my my card due dates are within a week, 2 days apart. Smiley Surprised

 

Chase: 2nd

Paypal/Synch: 4th

Bank: 6th

Discover: 8th

 

That'd be a wild week on my checking account... Smiley Wink

Message 4 of 19
Anonymous
Not applicable

Re: Gardening Strategy

It’s not really that bad. 

 

I get paid once a month so I use an app called Fudget to track what I have charged and when I need to pay it. I don’t like those apps that log in to your accounts so I just add new transactions to my ledger for the next month and then PIF when I get my check on the 3rd. 

Message 5 of 19
Anonymous
Not applicable

Re: Gardening Strategy


@Anonymous wrote:

It’s not really that bad. 

 

I get paid once a month so I use an app called Fudget to track what I have charged and when I need to pay it. I don’t like those apps that log in to your accounts so I just add new transactions to my ledger for the next month and then PIF when I get my check on the 3rd. 


Everyone's situation is different of course, I get paid weekly via paper check! Company hasn't even looked into direct deposits, sad really... Least I can mobile deposit. Being paid monthly I can see the reason for just once a month.

Message 6 of 19
Anonymous
Not applicable

Re: Gardening Strategy

Paper check?! I don’t even get those for my SSDI since like 2015 😂 

 

And honestly I don’t mind paying once a month. It actually keeps me on my budget, especially since I’m not allowed to have more than $2000 in countable assets due to my long term care needs so I just churn every dollar I can through my credit cards for rewards. 

 

It actually amazes me that I budget down to the penny now, always aware of how much I have to spend (I actually have my budgets made up til May currently), when before I had over twice the income and my credit cards were always revolving balances. 

Message 7 of 19
Anonymous
Not applicable

Re: Gardening Strategy


@Anonymous wrote:

@Anonymous wrote:
Had a thought on a strategy to garden my new cards awhile and figured I'd run it by the fine folks here. Get some comments and further ideas. If it's a good one, feel free to use it.

Starting to use my credit as a daily spend for the first time, always been more of a debit kinda guy, if I don't have it, I don't spend it. So in effort to keep in line with this, I figure I'll PIF every monday and ignore statement dates. That way it's less stress to keep up with, and wherever the statements fall, they can be reported as what they are until the following monday (or autopay, haven't decided).

In effect this should:
1: Keep all cards PIF
2: Keep my spending responsible to a weekly schedule.
3: Have low UTI on any reported amounts (should be between 1-5%)
4: Make sure I don't stress about payment dates.
5: Ensure I keep a better knowledge of my money. PIF Monday, get paid on Wednesday so I know what I can spend on the next week.
6: Outside of 5% cats, daily spend should be on a single card to keep AZEO.
7: Only have to monitor statement dates for major purchases to ensure higher uti isn't reported.
8: Garden them little seedling accounts into flourishing credit lines.

Thoughts on the process, effect, or otherwise? Also, hopefully I shouldn't have any problem making up to 4 payments a month, correct?

Cards to be used:
Chase Freedom Unlimited (until SUB met, then SD'd until I can PC to CF)
Discover it (for 5% cats only)
Paypal Cashback MC (Daily driver)

The Discover and Chase I plan to do push payments via my bank, however, it doesn't seem I can do push for Paypal/Synch, which is the one I really want push for. My bank only comes up with Paypal Credit and Synchrony Bank, trying to setup as Synchrony bank, it asks for zipcode, then after hitting save, requires additional information and asks for full address and makes it paper checks.

I sent out the payment to my PayPal card choosing PayPal Buyer Credit. DCU shows it as “E-bay dual card” where it was sent so I think it should show up tomorrow along with my Amazon Store Card payment. 

 

Its all Synchrony whether it’s sent to Synchrony Bank, PayPal Buyer Credit, or Amazon so technically all three of them should go where they are meant to via your account number. 

 

As for your payment plan, it’s not the way I would do it but as long as you’re pushing payments and not pulling them, it shouldn’t be an issue. 


*Facepalm* It comes up as Paypal Buyer Credit for me as well, I figured that was just for the paypal only credit by comenity. Then I remembered it got moved to synch too, just added it, required additional info, but took it after inputting the CS number, so I guess they have several under that name. Thanks. No pull payments for me!

Message 8 of 19
Anonymous
Not applicable

Re: Gardening Strategy


@Anonymous wrote:

@Anonymous wrote:

@Anonymous wrote:
Had a thought on a strategy to garden my new cards awhile and figured I'd run it by the fine folks here. Get some comments and further ideas. If it's a good one, feel free to use it.

Starting to use my credit as a daily spend for the first time, always been more of a debit kinda guy, if I don't have it, I don't spend it. So in effort to keep in line with this, I figure I'll PIF every monday and ignore statement dates. That way it's less stress to keep up with, and wherever the statements fall, they can be reported as what they are until the following monday (or autopay, haven't decided).

In effect this should:
1: Keep all cards PIF
2: Keep my spending responsible to a weekly schedule.
3: Have low UTI on any reported amounts (should be between 1-5%)
4: Make sure I don't stress about payment dates.
5: Ensure I keep a better knowledge of my money. PIF Monday, get paid on Wednesday so I know what I can spend on the next week.
6: Outside of 5% cats, daily spend should be on a single card to keep AZEO.
7: Only have to monitor statement dates for major purchases to ensure higher uti isn't reported.
8: Garden them little seedling accounts into flourishing credit lines.

Thoughts on the process, effect, or otherwise? Also, hopefully I shouldn't have any problem making up to 4 payments a month, correct?

Cards to be used:
Chase Freedom Unlimited (until SUB met, then SD'd until I can PC to CF)
Discover it (for 5% cats only)
Paypal Cashback MC (Daily driver)

The Discover and Chase I plan to do push payments via my bank, however, it doesn't seem I can do push for Paypal/Synch, which is the one I really want push for. My bank only comes up with Paypal Credit and Synchrony Bank, trying to setup as Synchrony bank, it asks for zipcode, then after hitting save, requires additional information and asks for full address and makes it paper checks.

I sent out the payment to my PayPal card choosing PayPal Buyer Credit. DCU shows it as “E-bay dual card” where it was sent so I think it should show up tomorrow along with my Amazon Store Card payment. 

 

Its all Synchrony whether it’s sent to Synchrony Bank, PayPal Buyer Credit, or Amazon so technically all three of them should go where they are meant to via your account number. 

 

As for your payment plan, it’s not the way I would do it but as long as you’re pushing payments and not pulling them, it shouldn’t be an issue. 


*Facepalm* It comes up as Paypal Buyer Credit for me as well, I figured that was just for the paypal only credit by comenity. Then I remembered it got moved to synch too, just added it, required additional info, but took it after inputting the CS number, so I guess they have several under that name. Thanks. No pull payments for me!


I will let you know if my payment posts tomorrow but I’m not anticipating an issue. I did $1 test anyway though because having money tied up is not fun. They debited my account this morning. 

 

I also noticed that I can actually pay my Security Service credit card through this CU as well, something my bank cant do, but this CU can’t pay BBVA while my bank can (I do pull payments for it anyway though). 

 

Its always so much of a fuss trying to find that perfect FI!

Message 9 of 19
Anonymous
Not applicable

Re: Gardening Strategy


@Anonymous wrote:


I will let you know if my payment posts tomorrow but I’m not anticipating an issue. I did $1 test anyway though because having money tied up is not fun. They debited my account this morning. 

 

I also noticed that I can actually pay my Security Service credit card through this CU as well, something my bank cant do, but this CU can’t pay BBVA while my bank can (I do pull payments for it anyway though). 

 

Its always so much of a fuss trying to find that perfect FI!


Personally, I wouldn't particularly mind letting Discover or Chase do pull payments, but I'm leery about letting Synchrony. Too many horror stories around the net for them, and their portal is... hrm... We'll say I don't like it. Smiley Happy Gonna test push a payment myself and see how it goes.

 

EDIT: Well, it immediately showed in my transactions and deducted the amount on the bank side. Comes up as "Paypal Buyer Credit ORLANDO FL" So the location is correct at least... ALL THOSE SYNCHRONY PO BOXES.

Message 10 of 19
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