account closure

[Anonymous]

---

@Anonymous wrote:
The 1% answer is not always the solution for everyone.

It is impractical and a waste of credit.

---

Maybe, but that's far apart from 50%, especially if it's for an extended period of time.

[Anonymous]

I always pay my balances as soon as they post. It doesn't work for everyone but it works for me. Also helps me keep track of how much money I really do have.

[CreditCuriosity]

---

@Anonymous wrote:
I always pay my balances as soon as they post. It doesn't work for everyone but it works for me. Also helps me keep track of how much money I really do have.

---

^+1 That way I don't spend money I don't have.. Just works out better for me personally. 

Best of luck OP on getting your account re-opened

[Anonymous]

Personally if I was gonna turn around and pay for things immediately I'd at least attempt to negotiate a cash discount every time

[Anonymous]

---

@Anonymous wrote:
Personally if I was gonna turn around and pay for things immediately I'd at least attempt to negotiate a cash discount every time

---

Huh?  I don't understand how paying a credit card balance off immediately is the same as paying cash.  

[Anonymous]

You give up the grace period.

Might as well negotiate a bigger discount.

[Anonymous]

---

@Anonymous wrote:
You give up the grace period.

Might as well negotiate a bigger discount.

---

Retailer isn't going to care.  Still a charge to them.  Not the same as cash.

[Anonymous]

Some will. This is where I can make my bones.

Until then I will enjoy my 21-30 days of interest free bank float.

[CreditCuriosity]

Agree retailer won't care as they still got to eat the swipe fee..

Anyways, whatever work for you or me or others than utilize it how you need credit as that is what it is there for..  Not saying I will never float a balance after it posts, just prefer not to since I messed up my credit awhile ago balances make me cringe and just got in a habit or hitting PAY when I see it posts unless it is under <20ish dollars that it doesn't bug me as much unless the statement is about to close then it has to be gone other than 1 card obviously

Side question:  Way of subject here, but have Nixon and Irish here so figure you guys probably both no this.. Does a Personal loan from say a CU is that counted as an installment loan?  Meaning Utilization won't be a factor?  Gotta decide whether to use Care Credit or personal loan coming up on something or a bit of both, but think a personal loan (hopefully an installment loan) won't set off alarm bells as loud as say a CC @ 80% of utilization?

[Anonymous]

Long as it ain't a revolving line of credit you should be good.