What is your absolute worst mistake with credit cards?

[SOGGIE]

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@taxi818 wrote:

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Sorry. to hear. Taking a plunge is right. I guess at this point best to keep it open for a while. hope they are not getting your for the monthly maintenance. and AF. read where they also get you if you want a cli. who charges for a cli? May as well put a couple dollars on it and let it report. no big deal.

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No Taxi. That was many years ago. I kept the account open for 1 year only. If I remember correctly, they were trying to give me a hard time about closing it--tried talking to me about some crap products or benefits.

[SOGGIE]

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@Anonymous wrote:

Since you precluded payment defaults, (I declared bankruptcy in 1982), I'll have to go with apping for the Overstock card last month. 

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What was so bad about the Overstock card Cap? Doesn't that card allow for frequent increases? I'm not that familiar with Overstock. Many moons ago I had an account with Damark--who I believe was later acquired by Overstock.

[Anonymous]

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@Anonymous wrote:

Since you precluded payment defaults, (I declared bankruptcy in 1982), I'll have to go with apping for the Overstock card last month. 

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Hey, not too bad!   Got 16.4k and it's good padding.  Plus I could use a few things from them.

[Anonymous]

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@Anonymous wrote:

Since you precluded payment defaults, (I declared bankruptcy in 1982), I'll have to go with apping for the Overstock card last month. 

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Me too! I will also add that I regret wasting inquiries on Victoria Secret and a few other Comenity store cards. I cold app'd for those not knowing about the SCT, and got HPs for each. So while I still regret opening that Overstock card, at least I didn't waste a HP this time, cause for the first time I finally used the SCT 

[Anonymous]

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@SOGGIE wrote:

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@Anonymous wrote:

Since you precluded payment defaults, (I declared bankruptcy in 1982), I'll have to go with apping for the Overstock card last month. 

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What was so bad about the Overstock card Cap? Doesn't that card allow for frequent increases? I'm not that familiar with Overstock. Many moons ago I had an account with Damark--who I believe was later acquired by Overstock.

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For one thing, it's butt ugly.  I guess it's an okay card as store cards go, it's just that it makes no sense for me. I have a very small consumer footprint, and I've never purchased anything from Overstock.

[SOGGIE]

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@Anonymous wrote:

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@Anonymous wrote:

Since you precluded payment defaults, (I declared bankruptcy in 1982), I'll have to go with apping for the Overstock card last month. 

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Me too! I will also add that I regret wasting inquiries on Victoria Secret and a few other Comenity store cards. I cold app'd for those not knowing about the SCT, and got HPs for each. So while I still regret opening that Overstock card, at least I didn't waste a HP this time, cause for the first time I finally used the SCT 

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I guess that would irk me if I found out about the SCT menthod after-the-fact. At least you were able to take advantage of the inquiry-free Comenity SCT method for the Overstock account.

[SOGGIE]

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@IncrsCreditScore wrote:

My worst mistake was just not paying attention to my credit, paying off the cards, then cancelling them (thought I was being smart about credit and didn't have a credit card for years), paid cash for everything except auto loan and mortgage.  Then when I did apply for a credit card, I was shocked to be denied, tried another and was denied - that started me into doing some research which led me to this forum.  After reading the messages for days, I finally started working on repairing my credit.  So my advice to everyone is to check your credit ratings on a scheduled, routine basis, and immediately take care of anything you see that is incorrect.

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I hear you. I've been down that road too.

[jacksont1981]

Closing my Discover card years ago. It wasnt in default or anything. I just didnt use it and they closed it for inactivity. I had the card for 4 years. I could imagine what my limit would be now if I kept it plus on top of that good AAOA

[SOGGIE]

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@Anonymous wrote:

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@Anonymous wrote:

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@Anonymous wrote:

Since you precluded payment defaults, (I declared bankruptcy in 1982), I'll have to go with apping for the Overstock card last month. 

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At least you are strong enough to admit it.

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But I wasn't strong enough to resist that damned pop up. In my defense, I had just been dumped from the Discover gravy train and needed a fix.

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I think the Discover gravy train did a head job on many of us. I felt like a dope fiend, and I've never had a drug habit. It was like it was taking serious control over the lives of many folks. SMH

[SOGGIE]

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@jacksont1981 wrote:

Closing my Discover card years ago. It wasnt in default or anything. I just didnt use it and they closed it for inactivity. I had the card for 4 years. I could imagine what my limit would be now if I kept it plus on top of that good AAOA

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Yep I did that one too. I know how that feeling makes one sick.