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What's my next step?

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icyhot
Valued Contributor
‎06-26-2015 03:07 PM
‎06-26-2015 03:07 PM

Re: What's my next step?

I transferred balances to the Venture One, that's all.
Ch 7 BK discharged 12/2018
Bank Cards: NFCU Flagship Rewards $25K | NFCU Cash Rewards $20K |NFCU More Rewards Amex $17K | PenFed Power Cash $12.5K | PenFed Platinum Rewards $12.5K | PenFed Pathfinder Rewards $10K | PenFed Gold Card $7.5K | PayPal Cashback Mastercard $5K | Apple Card $3.5K
Store Cards: Bergdorf Goodman $10.5K | Neiman Marcus $7.5K | Care Credit $7K |
Scores: EX 656 | EQ 667 | TU 680


Goal Card: Amex Platinum (Amex IIB, waiting for 5 year mark)
Message 11 of 20
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kdm31091
Super Contributor
‎06-26-2015 03:07 PM
‎06-26-2015 03:07 PM

Re: What's my next step?

The csp has no grace period. If you carry a balance youll be charged interest.
Message 12 of 20
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icyhot
Valued Contributor
‎06-26-2015 03:08 PM
‎06-26-2015 03:08 PM

Re: What's my next step?

BofA is 18.99, Kohls 23.99, Macy's 24.5, Cap One 22.99, CSP 15.99
Ch 7 BK discharged 12/2018
Bank Cards: NFCU Flagship Rewards $25K | NFCU Cash Rewards $20K |NFCU More Rewards Amex $17K | PenFed Power Cash $12.5K | PenFed Platinum Rewards $12.5K | PenFed Pathfinder Rewards $10K | PenFed Gold Card $7.5K | PayPal Cashback Mastercard $5K | Apple Card $3.5K
Store Cards: Bergdorf Goodman $10.5K | Neiman Marcus $7.5K | Care Credit $7K |
Scores: EX 656 | EQ 667 | TU 680


Goal Card: Amex Platinum (Amex IIB, waiting for 5 year mark)
Message 13 of 20
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icyhot
Valued Contributor
‎06-26-2015 03:09 PM
‎06-26-2015 03:09 PM

Re: What's my next step?

I'm telling you exactly what I'm seeing on my statement so idk.
Ch 7 BK discharged 12/2018
Bank Cards: NFCU Flagship Rewards $25K | NFCU Cash Rewards $20K |NFCU More Rewards Amex $17K | PenFed Power Cash $12.5K | PenFed Platinum Rewards $12.5K | PenFed Pathfinder Rewards $10K | PenFed Gold Card $7.5K | PayPal Cashback Mastercard $5K | Apple Card $3.5K
Store Cards: Bergdorf Goodman $10.5K | Neiman Marcus $7.5K | Care Credit $7K |
Scores: EX 656 | EQ 667 | TU 680


Goal Card: Amex Platinum (Amex IIB, waiting for 5 year mark)
Message 14 of 20
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icyhot
Valued Contributor
‎06-26-2015 03:14 PM
‎06-26-2015 03:14 PM

Re: What's my next step?

Even if I paid like, $50 in interest, 40,000 URs = 8 free Hyatt nights. Fair trade.
Ch 7 BK discharged 12/2018
Bank Cards: NFCU Flagship Rewards $25K | NFCU Cash Rewards $20K |NFCU More Rewards Amex $17K | PenFed Power Cash $12.5K | PenFed Platinum Rewards $12.5K | PenFed Pathfinder Rewards $10K | PenFed Gold Card $7.5K | PayPal Cashback Mastercard $5K | Apple Card $3.5K
Store Cards: Bergdorf Goodman $10.5K | Neiman Marcus $7.5K | Care Credit $7K |
Scores: EX 656 | EQ 667 | TU 680


Goal Card: Amex Platinum (Amex IIB, waiting for 5 year mark)
Message 15 of 20
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kdm31091
Super Contributor
‎06-26-2015 03:16 PM
‎06-26-2015 03:16 PM

Re: What's my next step?

I just think carrying balances on rewards cards is counterproductive but you already have the balances so just focus on paying them down.
Message 16 of 20
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icyhot
Valued Contributor
‎06-26-2015 03:19 PM
‎06-26-2015 03:19 PM

Re: What's my next step?

I see that ideology on here a lot and I must say I don't agree. The flexibility to pay when I can, cover any unexpected occurrences, and have cash back/travel points when it's all said and done is worth the interest fee IMO. Others don't agree and play the CCCs at their own game. I try to avoid interest as much as possible, but it happens. Lol.
Ch 7 BK discharged 12/2018
Bank Cards: NFCU Flagship Rewards $25K | NFCU Cash Rewards $20K |NFCU More Rewards Amex $17K | PenFed Power Cash $12.5K | PenFed Platinum Rewards $12.5K | PenFed Pathfinder Rewards $10K | PenFed Gold Card $7.5K | PayPal Cashback Mastercard $5K | Apple Card $3.5K
Store Cards: Bergdorf Goodman $10.5K | Neiman Marcus $7.5K | Care Credit $7K |
Scores: EX 656 | EQ 667 | TU 680


Goal Card: Amex Platinum (Amex IIB, waiting for 5 year mark)
Message 17 of 20
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kdm31091
Super Contributor
‎06-26-2015 03:21 PM
‎06-26-2015 03:21 PM

Re: What's my next step?

Interest is 15-25 percent compared to 1-2 percent back in rewards. Its not really ideology its simple math. Interest will far exceed any rewards you get.

However, you do what's right for you.
Message 18 of 20
icyhot
Valued Contributor
‎06-26-2015 03:23 PM
‎06-26-2015 03:23 PM

Re: What's my next step?

But, bonuses. Lol.
Ch 7 BK discharged 12/2018
Bank Cards: NFCU Flagship Rewards $25K | NFCU Cash Rewards $20K |NFCU More Rewards Amex $17K | PenFed Power Cash $12.5K | PenFed Platinum Rewards $12.5K | PenFed Pathfinder Rewards $10K | PenFed Gold Card $7.5K | PayPal Cashback Mastercard $5K | Apple Card $3.5K
Store Cards: Bergdorf Goodman $10.5K | Neiman Marcus $7.5K | Care Credit $7K |
Scores: EX 656 | EQ 667 | TU 680


Goal Card: Amex Platinum (Amex IIB, waiting for 5 year mark)
Message 19 of 20
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kdm31091
Super Contributor
‎06-26-2015 03:24 PM
‎06-26-2015 03:24 PM

Re: What's my next step?

Even bonuses are pointless very quickly if you pay interest. Doesnt take long to exceed the value of a bonus. But I dont want to derail your thread.

Id focus on the store cards and CSP and gp from there.
Message 20 of 20
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