What not to do

[Broke_Triathlete]

Apply for first premiere. 

[Anonymous]

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@red259 wrote:

"What Not to Do"

Apply for cards that you know nothing about, just because everyone else is applying for them.

Apply for cards without paying any attention to whether or not your credit profile meets the criteria for approval (e.g, applying for an amex with a 480 score)

Apply for cards that you do not need or have no utility for you

Keep applying for card after card even if you get denied just run up those inquries

Once you have cards max them all out and carry the balances on all your cards and make only the minimum payments

Blow off the payment due date (hey its only a suggested pay date by the credit card company isn't it?)

Run out and buy as many gift cards as you possibly can as your first purchase

Take out as much as you can in cash advances 

Lie about your income on your credit card apps

Close credit cards as soon as you get the bonus

Don't forget to keep applying for new cards within the six months of your app cycle (I mean eventually some credit card company will say yes won't they?)

Sell your credit card rewards points to other people. 

Move but don't tell the credit card companies and let the mail they send you get returned to them

Make ten of your best friends AUs on your account and make sure your friends all spend more than you on the account

Use a credit card machine for your own business and pay yourself thousands of dollars with your own credit card

Burn down the house of the CEO of your favorite lender. 

Keep bouncing checks on the bank account you have with your favorite lender (even better bounce the checks that you are using to pay your credit card bill which is already 3 days overdue)

Decalre bankruptcy and stiff the credit card companies

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Hahaha, can I +3 this? 

[Anonymous]

Apply for a card based soley on its appearance ("It's metaaaaal"  Yes, so are some spoons).

Or because of the tier:  "It's a WEMC!!!!!! I'm not sure what that gives me or if I can ever use it.  But.... it's a WEMC!!!!!!"

Or because it has an EMV chip (all cards will soon so it's really not that special).

[wacdenney]

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@Anonymous wrote:

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@Anonymous wrote:

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@red259 wrote:

"What Not to Do"

Apply for cards that you know nothing about, just because everyone else is applying for them.

Apply for cards without paying any attention to whether or not your credit profile meets the criteria for approval (e.g, applying for an amex with a 480 score)

Apply for cards that you do not need or have no utility for you

Keep applying for card after card even if you get denied just run up those inquries

Once you have cards max them all out and carry the balances on all your cards and make only the minimum payments

Blow off the payment due date (hey its only a suggested pay date by the credit card company isn't it?)

Run out and buy as many gift cards as you possibly can as your first purchase

Take out as much as you can in cash advances 

Lie about your income on your credit card apps

Close credit cards as soon as you get the bonus

Don't forget to keep applying for new cards within the six months of your app cycle (I mean eventually some credit card company will say yes won't they?)

Sell your credit card rewards points to other people. 

Move but don't tell the credit card companies and let the mail they send you get returned to them

Make ten of your best friends AUs on your account and make sure your friends all spend more than you on the account

Use a credit card machine for your own business and pay yourself thousands of dollars with your own credit card

Burn down the house of the CEO of your favorite lender. 

Keep bouncing checks on the bank account you have with your favorite lender (even better bounce the checks that you are using to pay your credit card bill which is already 3 days overdue)

Decalre bankruptcy and stiff the credit card companies

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Epic list.

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I've only done 4.5 of those (it was the house of the CFO of my second favorite lender).

But if I were being not F.S.R I would add:

Go for CLIs that you don't need, and assume that getting them represents some validation of you as a person, or your "hard work" or something, and encourage others to do the same.

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Every CLI is one you don't "need", and I think most people assume they represent lower utilization.  Or at least more room to wiggle and play while still keeping your utilization below 10%.  

I have to disagree with "go for CLIs" on the what not to do list.  You should take CLIs as you can, especially SP CLIs.

[Anonymous]

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@wacdenney wrote:

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Every CLI is one you don't "need", and I think most people assume they represent lower utilization.  Or at least more room to wiggle and play while still keeping your utilization below 10%.  

I have to disagree with "go for CLIs" on the what not to do list.  You should take CLIs as you can, especially SP CLIs.

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Well, utilization itself is overrated here, part of score obsession.  Yes, times that it matters, but most of the time, if your spending is under control, pay paying before the statement cuts you can get your utilization as low as you need, WHEN you need it for apping, which should be not all the time.   If spending is not under control, probably should deal with that first!

And at a certain point, CLIs don't add anything, with enough total CL and small util (see above!) there is no practical gain.

And most importantly, again at some point, having "too much" credit, with one lender or overall, can impact your ability to get cards that you want.

So certainly not "take CLIs as you can", but my original statement should have been more moderate, "obssesive seeking of CLIs"

[flawesome]

App for every pre-qualification offer you receive, especially the ones with annual fees. You'd be a fool not to!

[Anonymous]

So if I can get this straight and this is coming from a newcomer??? When we post questions on here in the forum, we are actually being made fun of??? I can see it through this entire thread. I am a newcomer, and I have not done half of what was said on this thread. I DO NOT bounce checks. I actually paid three of my accounts yesterday with my debit cards. Also the stores that I have applied are stores that I have also shopped at. From one new comer, this thread is very insulting because everyone does not do the same thing. I am just stating my opinion.

[Anonymous]

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@Anonymous wrote:

So if I can get this straight and this is coming from a newcomer??? When we post questions on here in the forum, we are actually being made fun of??? I can see it through this entire thread. I am a newcomer, and I have not done half of what was said on this thread. I DO NOT bounce checks. I actually paid three of my accounts yesterday with my debit cards. Also the stores that I have applied are stores that I have also shopped at. From one new comer, this thread is very insulting because everyone does not do the same thing. I am just stating my opinion.

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There was no implication that these were questions posed by newcomers.   These are things (well, some of them, don't remember reports of CEO-house arson) that do come up here.  I'm not sure where your indignation is coming from, this is tongue-in-cheek examples of not what to do, and, as you can see from my CLI post, there is a difference of opinion on some of them.

[Anonymous]

Well let me place my foot in my mouth and apologize for assuming. I saw newcomers and ran with it. Again my apologies

[Imperfectfuture]

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@Anonymous wrote:

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@Anonymous wrote:

So if I can get this straight and this is coming from a newcomer??? When we post questions on here in the forum, we are actually being made fun of??? I can see it through this entire thread. I am a newcomer, and I have not done half of what was said on this thread. I DO NOT bounce checks. I actually paid three of my accounts yesterday with my debit cards. Also the stores that I have applied are stores that I have also shopped at. From one new comer, this thread is very insulting because everyone does not do the same thing. I am just stating my opinion.

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There was no implication that these were questions posed by newcomers.   These are things (well, some of them, don't remember reports of CEO-house arson) that do come up here.  I'm not sure where your indignation is coming from, this is tongue-in-cheek examples of not what to do, and, as you can see from my CLI post, there is a difference of opinion on some of them.

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I believe offense taken with shopping cart references,