@kurdany03 wrote:
Ok, I've been reading the board trying to find the information without asking, but my brain feels like its on info overload at this point. Just have a few questions to make sure I have some things right, confirmation I guess. Ok, so I have 2 cards now...both (WF, QuicksilverOne) at $300 CL.
1. Since the QS1 has rewards and I can get CLI's...should I just be using that card now and just put stuff like phone and car insurance bill on it?
2. Very concerned about utilization, so if I'm using this card, how do I find out when the closing date is? And how does this work exactly? Cause I had that info all wrong I think.
3. What should I be doing with my WF card now?
I've seen lots of info on PFD letters, does anyone have an example/template of that? Do you just mail it to the collection agency, or give them a call first? Confused on how that works, but if anyone can show me an example, that would be awesome.
I think thats it for now, any help/info would be greatly appreciated.
Register online at the Capital One website for online account management. Then set it up to draft directly from your bank account. When you log in you will clearly see what the statement closing date is. For Capital One its always three days after the payment due date, and its always the same day of the month.
Use your QS1 card for *everything*. Use it wherever you would normally use cash or debit card. When it gets near its limit, go online and pay it down with the cash you didn't spend. Watch those unlimited cashback rewards build (I've already earned over $100 just since March). Make sure its paid down to below 10% on the statement close date, but not PIF. The WF card, since it has no rewards, I would just put a few small recurring bills on it, and make sure its PIF by the statement close date.
After the third statement, go online and request a CLI.
