[Freakazoid]

Originally Posted by Blake

so? 0 balance card does nothing for you, especially if you don't use it. might as well cancel it and get something better.

if we're going back to carrying over the balance to get to that ridiculous credit rating, I do agree. but by that point your APRs would be dropping anyways. I have lost ya I think.

[Blake]

Originally Posted by Sara504

Wait, how are you implying that Im not using it. I just said I use it to buy gas

ok so you charge $50 on it a month. while that's not bad, you basically have a credit line you don't use/get rewards with. you pay it off every month, but all you're doing is maintaining it without getting use out of it.

[Freakazoid]

Originally Posted by Blake

i just don't see the point in carrying a high interest card that you don't/want to use. especially after the CC reform act. cancel card, get card with great intro offer, profit.

but it IS being used? Just not having a balance at the beginning of the next billing cycle? e.g. pay at the end of the month.

what other use is there?

[Blake]

Originally Posted by Freakazoid

if we're going back to carrying over the balance to get to that ridiculous credit rating, I do agree. but by that point your APRs would be dropping anyways. I have lost ya I think.

i dunno...maybe it's just my preference. i really don't care about my credit rating, but i always carry over a small balance on everything just to keep everyone happy. but then again, all my revolving cards don't have a rate over 9%.

[Sara]

Originally Posted by Blake

ok so you charge $50 on it a month. while that's not bad, you basically have a credit line you don't use/get rewards with. you pay it off every month, but all you're doing is maintaining it without getting use out of it.

Without getting use? What use you are talking about it.. Im starting to lose you. You mean them getting use out of me?

[FStop7]

Originally Posted by NYCGP

I wouldn't seriously believe that owning a specific type of credit line would lead to a loss of confidence by the credit bureaus.

They won't lead to a loss of confidence by the bureaus, but they may lead to a loss of confidence by other lenders who are reviewing your report.

[Freakazoid]

Originally Posted by Blake

i dunno...maybe it's just my preference. i really don't care about my credit rating, but i always carry over a small balance on everything just to keep everyone happy. but then again, all my revolving cards don't have a rate over 9%.

gotcha, I thought that's where you're going with this I kinda disagree, assuming of course you have a good rewards program...but I do see where you're coming from

[BTM]

how the fuck do I go to lunch and come back to this being 6 pages

[Blake]

Originally Posted by Sara504

Without getting use? What use you are talking about it.. Im starting to lose you.

use aka rewards. maybe it's just me, but i like to get something in return when i spend money. i buy my travel with the AA card, get double miles for it. i buy big things with amex, get virtually anything i want in return. never do shit with my visa signature, because it's my longest revolving line.

[Freakazoid]

Originally Posted by FStop7

They won't lead to a loss of confidence by the bureaus, but they may lead to a loss of confidence by other lenders who are reviewing your report.

lol wait what? are you trying to piggyback and say owning a discover card would lead to a loss in confidence by a lender? WHAT?

[Freakazoid]

Originally Posted by BTM

how the fuck do I go to lunch and come back to this being 6 pages

check out the view count, there's as many posts as there are views.... I think that's why hahaha

[NYCGP]

Originally Posted by BTM

how the fuck do I go to lunch and come back to this being 6 pages

How the fuck did you go to lunch before me...!? Slacker.

[Sara]

Originally Posted by BTM

how the fuck do I go to lunch and come back to this being 6 pages

Because I ask a lot of questions. I know nothing about this except Charge, pay, never be late. Thats all Ive ever done.

[FStop7]

Originally Posted by Freakazoid

lol wait what? are you trying to piggyback and say owning a discover card would lead to a loss in confidence by a lender? WHAT?

Discover? No. But a card issued by a known subprime lender like Orchard Bank? Yep.

[Freakazoid]

Originally Posted by Sara504

Because I ask a lot of questions. I know nothing about this except Charge, pay, never be late. Thats all Ive ever done.

this methodology will get you to the high 700s. getting beyond that is the planning aspect. Which is good that you're realizing it now.

[Sara]

Originally Posted by FStop7

Discover? No. But a card issued by a known subprime lender like Orchard Bank? Yep.

Never heard of them.

[Freakazoid]

Originally Posted by FStop7

Discover? No. But a card issued by a known subprime lender like Orchard Bank? Yep.

oh lmao, then I do agree. I thought you were going a completely different direction with this.

[Freakazoid]

Originally Posted by Sara504

Never heard of them.

good, keep it that way

[Sara]

what is better prime or subprime?

[NYCGP]

Originally Posted by Sara504

Never heard of them.

If you haven't heard of them... don't get a credit card from them.

[BTM]

My English language deduction skills put prime > sub prime

[Blake]

Originally Posted by Sara504

what is better prime or subprime?

LOL

http://en.wikipedia.org/wiki/Subprime_mortgage_crisis