I have excellent credit, but I have some questions

[Gollum]

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@tamaralig wrote:

I read and scratched my head...this post was so similar to one a few weeks ago ( I wish I could remember the thread) but it was more a validation thread than help or opinions.

Sorry Op but all I got is that you wanted us to know your credit scores, when scores are good for somethings like APR it's not always the best thing to jump through a hoop for. The credit game is a rancid little beast and having a higher score usually equates to bigger losses if you get anything negative....Not saying that you will but a comment that you made "pay your bills on time......." left a sour taste on my throat and went to my belly....If paying your bills on time was all that was needed, credit wouldn't be an issue and neither would scores...You would just use yoru debit card and not carry balances.

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tamaralig,

Yes, I posted about a recent FICO score.  That does not seem unusual in this forum.  I thought some readers might find it interesting.

Regarding "pay your bills on time"

that's how I increased my FICO score.

Regarding "You would just use yoru debit card and not carry balances"

most people reading this Credit Card forum are probably interested in credit card advice / stories / experience, not debit card stuff.

[Anonymous]

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@Gollum wrote:

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@tamaralig wrote:

I read and scratched my head...this post was so similar to one a few weeks ago ( I wish I could remember the thread) but it was more a validation thread than help or opinions.

Sorry Op but all I got is that you wanted us to know your credit scores, when scores are good for somethings like APR it's not always the best thing to jump through a hoop for. The credit game is a rancid little beast and having a higher score usually equates to bigger losses if you get anything negative....Not saying that you will but a comment that you made "pay your bills on time......." left a sour taste on my throat and went to my belly....If paying your bills on time was all that was needed, credit wouldn't be an issue and neither would scores...You would just use yoru debit card and not carry balances.

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tamaralig,

Yes, I posted about a recent FICO score.  That does not seem unusual in this forum.  I thought some readers might find it interesting.

Regarding "pay your bills on time"

that's how I increased my FICO score.

Regarding "You would just use yoru debit card and not carry balances"

most people reading this Credit Card forum are probably interested in credit card advice / stories / experience, not debit card stuff.

---

I think it came across as simplistic and dismissive to some.     It is relatively easy to have very high scores.    Basically

1) Long history

2) Perfect payment history

3) No apps in last year

4) Low utilization

Which is fine if you are starting out (and people can repeat the stupid "credit is a marathon not a sprint" here!).    But a lot of people on this forum have past derogs, and they bring scores down for a very long time.   Most such people here DO pay their bills on time (to the extent possible anyway) but it is not enough to push scores to very high levels.

Plus, scores above 760 are pretty much all treated the same, the extra 90 points doesn't buy much

[Gollum]

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@Anonymous wrote:

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@Gollum wrote:

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@tamaralig wrote:

I read and scratched my head...this post was so similar to one a few weeks ago ( I wish I could remember the thread) but it was more a validation thread than help or opinions.

Sorry Op but all I got is that you wanted us to know your credit scores, when scores are good for somethings like APR it's not always the best thing to jump through a hoop for. The credit game is a rancid little beast and having a higher score usually equates to bigger losses if you get anything negative....Not saying that you will but a comment that you made "pay your bills on time......." left a sour taste on my throat and went to my belly....If paying your bills on time was all that was needed, credit wouldn't be an issue and neither would scores...You would just use yoru debit card and not carry balances.

---

tamaralig,

Yes, I posted about a recent FICO score.  That does not seem unusual in this forum.  I thought some readers might find it interesting.

Regarding "pay your bills on time"

that's how I increased my FICO score.

Regarding "You would just use yoru debit card and not carry balances"

most people reading this Credit Card forum are probably interested in credit card advice / stories / experience, not debit card stuff.

---

I think it came across as simplistic and dismissive to some.     It is relatively easy to have very high scores.    Basically

1) Long history

2) Perfect payment history

3) No apps in last year

4) Low utilization

Which is fine if you are starting out (and people can repeat the stupid "credit is a marathon not a sprint" here!).    But a lot of people on this forum have past derogs, and they bring scores down for a very long time.   Most such people here DO pay their bills on time (to the extent possible anyway) but it is not enough to push scores to very high levels.

Plus, scores above 760 are pretty much all treated the same, the extra 90 points doesn't buy much

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I have had my own troubles with finances, as recently as seven years ago.  I have paid my bills on time for the last twenty years or so, and that is how I went from terrible credit to excellent credit.

Instead of the usual "I have terrible credit, what should I do?" I chose to post advice about what worked for me, since I used to have terrible credit but now have excellent credit.

[Anonymous]

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@Gollum wrote:

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@Gollum wrote:

I applied online for the American Express Blue Cash Everyday CC, and was approved within a few seconds. The credit limit is $7500. I didn't want that high a credit limit. I'd prefer a $1000 credit limit for this card, because (so far, at least) I plan to only use it for Android Pay (where I see the little symbol on the pay terminal/whatever) and gasoline purchases using the plastic card at the pump. I only got this card because I want to use Android Pay with my smartphone, my only current choice for Android Pay currently is my Capital One CC, and I don't want to give any more business to Capital One.

For anyone who is wondering how to enter the seeming stratosphere of creditworthiness: My annual income is currently $42,700. I have been fortunate enough to have been able to pay my bills on time for the last twenty years or so.

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My (Experian) FICO score on the American Express website is 846 as of June 29.  A FICO score of 846 seems impossible to me, but here I am.  Pay your bills on time, folks, if you want a higher FICO score.

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Congrats!

[Anonymous]

My post was in regards to how your post came off OP it was very dismissive and I won't touch deeper into it if it didn't read that way to you rereading it. In terms of what's important having the highest score doesn't get you approved for any and everything despite what we are lead to believe. I've gone through great scores got approved for less. Scores went down income went up and I'm at a much better place. My scores are climbing again and that's due to diligence and truly understanding what matters more to the banks I'm willing to add to my portfolio. What a lot of us were pointing at was paying more attention to anything but how few people get approved for the card you want but more attention on how that card works to save you more especially since you state you PIF all the time, aim for a card that also pays you

[Revelate]

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@Anonymous wrote:

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@Gollum wrote:

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@tamaralig wrote:

I read and scratched my head...this post was so similar to one a few weeks ago ( I wish I could remember the thread) but it was more a validation thread than help or opinions.

Sorry Op but all I got is that you wanted us to know your credit scores, when scores are good for somethings like APR it's not always the best thing to jump through a hoop for. The credit game is a rancid little beast and having a higher score usually equates to bigger losses if you get anything negative....Not saying that you will but a comment that you made "pay your bills on time......." left a sour taste on my throat and went to my belly....If paying your bills on time was all that was needed, credit wouldn't be an issue and neither would scores...You would just use yoru debit card and not carry balances.

---

tamaralig,

Yes, I posted about a recent FICO score.  That does not seem unusual in this forum.  I thought some readers might find it interesting.

Regarding "pay your bills on time"

that's how I increased my FICO score.

Regarding "You would just use yoru debit card and not carry balances"

most people reading this Credit Card forum are probably interested in credit card advice / stories / experience, not debit card stuff.

---

I think it came across as simplistic and dismissive to some.     It is relatively easy to have very high scores.    Basically

1) Long history

2) Perfect payment history

3) No apps in last year

4) Low utilization

Which is fine if you are starting out (and people can repeat the stupid "credit is a marathon not a sprint" here!).    But a lot of people on this forum have past derogs, and they bring scores down for a very long time.   Most such people here DO pay their bills on time (to the extent possible anyway) but it is not enough to push scores to very high levels.

Plus, scores above 760 are pretty much all treated the same, the extra 90 points doesn't buy much

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I think I'd make the argument that outside of the mortgage market mostly anything above a 700 is gravy currently with very few unicornish products above that... even personal loans are seemingly underwriting at good rates below that now which is surprising to me anyway.

[Gollum]

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@tamaralig wrote:
My post was in regards to how your post came off OP it was very dismissive and I won't touch deeper into it if it didn't read that way to you rereading it. In terms of what's important having the highest score doesn't get you approved for any and everything despite what we are lead to believe. I've gone through great scores got approved for less. Scores went down income went up and I'm at a much better place. My scores are climbing again and that's due to diligence and truly understanding what matters more to the banks I'm willing to add to my portfolio. What a lot of us were pointing at was paying more attention to anything but how few people get approved for the card you want but more attention on how that card works to save you more especially since you state you PIF all the time, aim for a card that also pays you

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tamaralig,

That was the second time you dissed/attacked me for posting an excellent FICO score to this forum.

That was also the second time that you apparently claimed

(your posts are difficult for me to parse... Is English not your first language?)

that a FICO score is less important than income.

Are you saying that a FICO score is less important than income?

[disdreamin]

Gollum said:
"That was the second time you dissed/attacked me for posting an excellent FICO score to this forum.
That was also the second time that you apparently claimed
(your posts are difficult for me to parse... Is English not your first language?)
that a FICO score is less important than income.
Are you saying that a FICO score is less important than income?"

First, that comment about your (pointing at you, OP) difficulty in understanding a post seemed quite rude.

Second, yes you have good FICO scores OP, but I believe income is also very important in decisions regarding credit. I'm not sure which is overall more important, it may come down to the lender or what you are applying for.

The truth is that there are many people on these forums with scores as good as or better than yours, Gollum - posting "here's how to do it" like you are sharing a secret seems quite unnecessary, especially when posting under the guise of having questions. Time and no derogs are, of course, the key. This is not a surprise to anyone.

The rest of your original post came off as very elitist. You only want cards that are hard to get. You know how many people are impressed by your Simmons card? One - you. I can almost guarantee no one handling or seeing your card has any inkling that it is challenging to obtain.

Personally, I'll take rewards over prestige any day. My satisfaction comes not from someone admiring my card, but from admiring a hefty rewards balance. It is far more tangible and useful.

[Anonymous]

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@disdreamin wrote:
Gollum said:
"That was the second time you dissed/attacked me for posting an excellent FICO score to this forum.
That was also the second time that you apparently claimed
(your posts are difficult for me to parse... Is English not your first language?)
that a FICO score is less important than income.
Are you saying that a FICO score is less important than income?"

First, that comment about your (pointing at you, OP) difficulty in understanding a post seemed quite rude.

Second, yes you have good FICO scores OP, but I believe income is also very important in decisions regarding credit. I'm not sure which is overall more important, it may come down to the lender or what you are applying for.

The truth is that there are many people on these forums with scores as good as or better than yours, Gollum - posting "here's how to do it" like you are sharing a secret seems quite unnecessary, especially when posting under the guise of having questions. Time and no derogs are, of course, the key. This is not a surprise to anyone.

The rest of your original post came off as very elitist. You only want cards that are hard to get. You know how many people are impressed by your Simmons card? One - you. I can almost guarantee no one handling or seeing your card has any inkling that it is challenging to obtain.

Personally, I'll take rewards over prestige any day. My satisfaction comes not from someone admiring my card, but from admiring a hefty rewards balance. It is far more tangible and useful.

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@+1 and @Gollum English is very much my first language taking small snipes won't help you out. If you had real questions I love answering questions that I'm knowledgeable on or even reading how someone else's journey is going. You go that way >>>>>>>> if that read to you as a 90s diss or a 2016 pissing match...We'll all probably never meet each other so why do that...it serves no purpose. I called your comments for how they came across and trust me I read it several times and followed your answers and other's responses prior to chiming in..It likely rubbed 89% of the responders the wrong way