Is it necessarily one and the same though? You can be fiscally responsible and never check your credit and still be in great shape.
Yes overall it is fiscal responsibility in keeping awareness of items that impact personal financial state however you don't have to check your credit to be in great shape.
My friend (realtor) said she 'bought' down her interest rate since they were also above some arbitrary 700 number (may have been 740 idk) and your rate doesn't naturally continue to drop.
I've posted this several times in the home owners thread, but no one "gets" a rate based on qualifying factors. Every rate on the market is available to you if you qualify for a mortgage. You can buy down to the lowest rate possible, or you can have a closing cost credit and take the highest rate possible. I could go deeper into it but that's the short version.
Hey guys I've never had a credit card before and probably need to get one soon. I bank with Regions (if that matters at all) what should I get?
I swear to god, there's like a foot signal that brings pearl to this thread every time there's a chance he can refer someone to Discover.
A 740 at 19 will still, most likely, be looked at as a thin-file and you could easily get denied for something someone with an establish 700 might be approved for. Obviously that doesn't apply to you anymore but just some #CreditLessons
Wasn't trying to be cute or smart. I got a credit card when I was 17 and always stuck to the principle of spend less than what you earned pretty simply. I didn't check my credit score until I was 24 and following that guideline I was at a 770 score. I never checked my credit or doing heavy budget analysis just knew my limits as I had enough to meet my necessary ends. To me if it was that easy to blow my score it would have happened given I didn't check my score during that time I was just better off than most when I was in school. Someone can be poor and really be into finance planning/credit monitoring when they are in college and be in an average place.
he didn't say pull your credit report. He said watch your credit. the only incentive to pay your credit card or bills in general is to protect your credit. So anyone paying their bills, especially on time, is watching his or her credit.
Fair enough although I would argue not paying unnecessary interest fees would be the other incentive besides protecting credit.
We are same. Parents helped me apply for a credit union credit card right before I went to college. I don't think I opened a Credit Karma account until I was very close to or graduated. I've said it in here before but one of the most valuable lessons they taught me was to never put anything on the card that I couldn't pay cash for at that moment. I still abide by that today and have a clean history with no missed payments, all in full, and a score approaching 800 and the only loan I've ever had is a car loan that was paid off after it was totaled last year.
Current cards in use: Amex Preferred for grocery - 6% cash back Sallie Mae for Amazon and gas - 5% cash back BAC Cash Rewards for remainder 1.25% cash back USAir/American for flights and $99 companion tickets
Looking to get another card to go along with my Discover and Costco Amex (will probably get rid of this one once Costco partnership expires) and I would like to get one for travel. I don't travel a ton and it would probably only be used to help build up miles for maybe a trip or two per year. The two cards that I was looking at are the Capital One Venture card and the Chase Sapphire Preferred. Recommendations?
Yeah, one of those. Can't go wrong with either, if you sign up for the sapphire make sure to add the 2nd user for the 5k points. It's the same card number, just with a different name. I put my dad's name on one, my friend used his dog, it's just free points
I love my Sapphire Preferred definitely keeping it despite the annual fee. So easy to accumulate points and the service is exceptional.
I swear to god you're in my head. Everything about this post is me. I'm leaning towards the venture card.
Chase Sapphire is great. If you spend 4k within 90 days, you get 40,000 points. Expensive but there are ways around that.
I'm somewhat of a novice when it comes to travel credit cards. Is there a big difference between points and miles?
If you have a preferred airline then it's good to probably go with that airlines card... I like Chase Sapphire because I can transfer points to almost anyone
Most airline cards will offer you priority boarding, club passes, discounts on mileage redemption, etc.
Recently got a cap one venture card. Its 0 for first year then $59 per year after that. Has anyone had success with getting the annual fee removed? Also what happens if 10 years down the road I don't want to use that card anymore but I don't want to close the line of credit...Do they still charge the annual fee?
A lot of times if you call to cancel when the AF hits, they will offer you points or a credit to offset the fee. I called last year when my platinum amex fee hit and they gave me 25,000 points. Last week my delta gold amex fee hit so I called to cancel and they didn't offer anything so I went ahead and closed. I think the more you spend on a given card, the more likely you are to be given points but there are all kinds of case studies out there of people being given certain amounts with different spends.
Thanks for the input. How much does it affect your credit score if you do close the card? On another note I finally made my parents realize that they need a credit card with rewards (They thought they all cost money). They are looking for cash back rewards card with no annual fee. They would spend it mostly on groceries and gas. What would yall recommend for them?
If you only have one credit card and a short-term auto loan, your credit isn't as strong as you think.
I have 5 but I only use two of them. I was going to close one of them but they waived the fee instead so I figured I might as well keep it open.
Thinking I should probably open up a couple more no-fee cards just to have credit lines open. I don't have auto loans or shit like that so...
Do you have a chase freedom? Can transfer those points over to your sapphire and intro is usually like 20k points. Discover is good for 3 months of bars and 3 of amazon
Amex blue cash preferred is free too and I got like 400 when I signed up and they'll give you a huge credit limit for percent utilization purposes