Re: Those with high SPL cards...

Carloscda40 · ‎05-24-2018

How do you handle paying the bill each month say if you spend 1k or so?

Also what are considered "Prime" cards?

SOGGIE · ‎05-24-2018

Depending on the creditor, I make 1, and on occasion, 2 payments by the due date.

Prime credit is a characterization or designation of a credit score that falls into the range that is one step down from super prime, uet above subprime. Lenders often offer some of their top tier loans and cards with the lowest interest rates and best terms to consumers with prime credit and super prime.

Life was a lot simpler when what we honored was father and mother, rather than all major credit cards. ~Robert Orben

K-in-Boston · ‎05-24-2018

SPL? Sound Pressure Level? Scottish Premier League? Socialist Party of Latvia? I'm lost.

toadsworth · ‎05-24-2018

Any cards that don’t have a 0% apr promo I PIF. If that means using $1500 or less of my $10,000 limit then that’s what I do. If my limit was $100,000 that’s still what I’d do, I don’t let the limit push me to spend more than I should.

Kind of have everything I want now, creditwise. Undeliberately gardening until I have some spending to do and find a 100,000 Amex Platinum offer lol

Started my credit journey August 2016, after abstaining from credit for years after some poor financial choices in high school. Started with scores in the 580s. Current scores 11/6/18 - EQ: 754 TU: 757 EX: 743

From oldest to newest: DuPage CU Visa Platinum, SL 500 now 3750, Cap1 Platinum SL 300 PC'd to QS now 1600, Alliant Credit Union Share Secured Loan $500, Amex BCE SL 5000 now 600, Neiman Marcus SL 700 now 10000, Target RedCard SL 400 now 2900, Amex ED SL 10000 now 500 (combined with Cash Magnet), Chase AARP SL 800 now 3300, Chase Amazon Prime SL 1000 now 10000, Honda Lease, Discover it SL 1000 now 7000, Synchrony PayPal 2% CB SL 3000 now 10000, Barclays Uber Visa SL 800 now 2100, Citi ThankYou Preferred SL 3300 now 5300, Chase Ritz-Carlton SL 10000 now 1500 (moved to other cards to get annual fee refund), Comenity Total Rewards Visa SL 2000 now 3250, US Bank Cash+ SL 500 recon'd to 10000, US Bank Reserve LOC 1000, Union Bank Rewards Visa SL 5000 now 5000, Amex Cash Magnet SL 9900 now 20000, Cap1 Venture SL 10000 now 10000, Discover it 3000 SL now 4000, Amex SPG Luxury 3100 SL now 3100, Amex Amazon Business Prime 10000 SL now 10000, Amex Gold NPSL, US Bank Premier LOC 5000, US Bank Visa Platinum 5400 SL currently reconning

Combined revolving CL $135,300

Goal: Spring 2019 800+ club, $50,000 combined Amex limit

NRB525 · ‎05-24-2018

What is SPL ?

High Bal Jan 2009 $116k on $146k limits 80% Util.
Oct 2014 $46k on $127k 36% util EQ 722 TU 727 EX 727
April 2018 $18k on $344k 5% util EQ 806 TU 810 EX 812
Jan 2019 $7.6k on $360k EQ 832 TU 839 EX 831
March 2021 $33k on $312k EQ 796 TU 798 EX 801
May 2021 Paid all Installments and Mortgages, one new Mortgage EQ 761 TY 774 EX 777
April 2022 EQ=811 TU=807 EX=805 - TU VS 3.0 765

toadsworth · ‎05-24-2018

I’m assuming ‘spending limit’.

Kind of have everything I want now, creditwise. Undeliberately gardening until I have some spending to do and find a 100,000 Amex Platinum offer lol

Started my credit journey August 2016, after abstaining from credit for years after some poor financial choices in high school. Started with scores in the 580s. Current scores 11/6/18 - EQ: 754 TU: 757 EX: 743

From oldest to newest: DuPage CU Visa Platinum, SL 500 now 3750, Cap1 Platinum SL 300 PC'd to QS now 1600, Alliant Credit Union Share Secured Loan $500, Amex BCE SL 5000 now 600, Neiman Marcus SL 700 now 10000, Target RedCard SL 400 now 2900, Amex ED SL 10000 now 500 (combined with Cash Magnet), Chase AARP SL 800 now 3300, Chase Amazon Prime SL 1000 now 10000, Honda Lease, Discover it SL 1000 now 7000, Synchrony PayPal 2% CB SL 3000 now 10000, Barclays Uber Visa SL 800 now 2100, Citi ThankYou Preferred SL 3300 now 5300, Chase Ritz-Carlton SL 10000 now 1500 (moved to other cards to get annual fee refund), Comenity Total Rewards Visa SL 2000 now 3250, US Bank Cash+ SL 500 recon'd to 10000, US Bank Reserve LOC 1000, Union Bank Rewards Visa SL 5000 now 5000, Amex Cash Magnet SL 9900 now 20000, Cap1 Venture SL 10000 now 10000, Discover it 3000 SL now 4000, Amex SPG Luxury 3100 SL now 3100, Amex Amazon Business Prime 10000 SL now 10000, Amex Gold NPSL, US Bank Premier LOC 5000, US Bank Visa Platinum 5400 SL currently reconning

Combined revolving CL $135,300

Goal: Spring 2019 800+ club, $50,000 combined Amex limit

K-in-Boston · ‎05-24-2018

@toadsworth wrote:
I’m assuming ‘spending limit’.

Well that makes sense, then. In that case, any card that's not on a 0% or very low promotional APR gets paid in full prior to the due date, whether I charged $5 or $15,000 on it the previous month. I don't make multiple payments typically; that's what the grace period is for.

Carloscda40 · ‎05-24-2018

SP ... Spending Limit

Can't edit..

UncleB · ‎05-24-2018

@Carloscda40 wrote:
SP ... Spending Limit
Can't edit..

Edited for you.

UncleB · ‎05-24-2018

@Carloscda40 wrote:
How do you handle paying the bill each month say if you spend 1k or so?

Also what are considered "Prime" cards?

Like others have mentioned, I only charge what I can pay in full at the end of the month unless I have a 0% APR promo.

As for what's considered "Prime", that's strictly in the eye of the beholder. One man's ceiling is another man's floor.

Those with High Spending Limit Cards...

Those with High Spending Limit Cards...