cancel
Showing results for 
Search instead for 
Did you mean: 

Is there a way to make money off of my excellent credit score?

tag
coldfusion
Community Leader
Mega Contributor

Re: Is there a way to make money off of my excellent credit score?


@FireMedic1 wrote:

How about getting your own 3 cards. And build your file. Get some cash back for your purchases as the primary card holder. Theres your money. You dont get it right now. The primary does. Your just the AU. Its clear what you were asking about. Its a no no on here.

 


I think in this case OP was interested in being a primary, not an AU.   Doesn't change advocacy here being a no no.

(2/2024)
FICO 8 (EX) 846 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 11 of 21
FireMedic1
Community Leader
Mega Contributor

Re: Is there a way to make money off of my excellent credit score?


@coldfusion wrote:

@FireMedic1 wrote:

How about getting your own 3 cards. And build your file. Get some cash back for your purchases as the primary card holder. Theres your money. You dont get it right now. The primary does. Your just the AU. Its clear what you were asking about. Its a no no on here.

 


I think in this case OP was interested in being a primary, not an AU.   Doesn't change advocacy here being a no no.


@coldfusion Looks likes he wants to use his AU score. "My score is 730.. I just want to capitalize and see is there anyway to make passive income off of my credit score "


Message 12 of 21
SouthJamaica
Mega Contributor

Re: Is there a way to make money off of my excellent credit score?

The only person not participating in this thread is the OP.  Why don't we stop guessing as to what OP's intentions were, and close this thread down already?


Total revolving limits 741200 (620700 reporting) FICO 8: EQ 701 TU 704 EX 685

Message 13 of 21
FireMedic1
Community Leader
Mega Contributor

Re: Is there a way to make money off of my excellent credit score?

@SouthJamaicaMany members that are newer ask questions and never return probably because we answered what they needed to know. OP may come back. We dont know. If its closed. They cant respond.


Message 14 of 21
markbeiser
Established Contributor

Re: Is there a way to make money off of my excellent credit score?


@FireMedic1 wrote:

@SouthJamaicaMany members that are newer ask questions and never return probably because we answered what they needed to know. OP may come back. We dont know. If its closed. They cant respond.


Hopefully he won't mess around and find out the hard way why we didn't give him the sort of answers he was fishing for...

Back to gardening until Late February 2025.

Current FICO8:
Message 15 of 21
Society1
Regular Contributor

Re: Is there a way to make money off of my excellent credit score?

Actually I am reviewing over the comments and take heed to every piece of advice/recommendations that comes to me!! I saw investment property the most which I am looking into. I'm just looking into turning my score into a cash flow 

Message 16 of 21
Society1
Regular Contributor

Re: Is there a way to make money off of my excellent credit score?

Thanks a lot I'm not a rude person I accept and take advice very seriously or I will not be on this forum. I look forward to the feedback and always grateful for it

Message 17 of 21
coldfusion
Community Leader
Mega Contributor

Re: Is there a way to make money off of my excellent credit score?


@Society1 wrote:

Thanks a lot I'm not a rude person I accept and take advice very seriously or I will not be on this forum. I look forward to the feedback and always grateful for it


Nah - you're good.

 

The thing wth investment property, disregarding the risks like late/non-payment of rent, potential of rent control imposition, and property value fluctuation, and the overhead like maintenance costs and taxes, is that having FICO scores in the 730 range implies favorable odds of obtaining a mortgage but depending on the lender you'd typically find yourself roughly 30-50 points short of qualifying for the best rates offered.   Not looking to dissuade you, only to suggest you make sure you thoroughly research the idea and especially the specific property/properties you're considering investing in.

(2/2024)
FICO 8 (EX) 846 (TU) 850 (EQ) 850
FICO 9 (EX) 850 (TU) 850 (EQ) 850

$1M+ club

Artist formerly known as the_old_curmudgeon who was formerly known as coldfusion
Message 18 of 21
FireMedic1
Community Leader
Mega Contributor

Re: Is there a way to make money off of my excellent credit score?


@markbeiser wrote:

@FireMedic1 wrote:

@SouthJamaicaMany members that are newer ask questions and never return probably because we answered what they needed to know. OP may come back. We dont know. If its closed. They cant respond.


Hopefully he won't mess around and find out the hard way why we didn't give him the sort of answers he was fishing for...


@markbeiserWe couldnt give the direct answers initially. Not allowed here. If thats how the path was started. But @coldfusion is helping out since we know more.


Message 19 of 21
GoToxic
New Visitor

Re: Is there a way to make money off of my excellent credit score?

Your credit score is looking solid, and it's great that you're thinking about making the most of it. While there isn't a direct way to make passive income off your credit score, having good credit opens doors to financial opportunities.

Message 20 of 21
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.