The length of time that you opened a credit line can hurt your score
But the more credit you have and the less% you use ,helps it.
UPSers Credit Card (on topic)
- Thread starter UPSfit
- Start date
But the more credit you have and the less% you use ,helps it.
Re-Raise
Well-Known Member
My percentage use of my available credit is so small that helps. And I was taught to pay everything off each month when I was growing up, so I have no negatives on my report.
DriveInDriveOut
Inordinately Right
Only downside is $75 annual fee.
I've always avoided cards with an annual fee, but the cash back will still put me ahead by at least $200 with how much we eat in. Plus, they're currently offering $150 cashback after you spend $1000 in the first three months, which is doable for me. That's the first two annual fees covered right there.
Wally
BrownCafe Innovator & King of Puns
Max it out on stupid stuff!
Wally!!!
Wally
BrownCafe Innovator & King of Puns
Why have a card, if not to have fun?
Orion inc.
I like turtles
With the exception of the mortgage, we put most of our expenses on our AMEX and MasterCard and pay it in full every month. We save the rewards and cash for travel. Flew to Europe last month on our points and didn't pay a dime for that or the hotel.
Game the benefits. Save money and develop good credit.
Game the benefits. Save money and develop good credit.
Lead Belly
BANNED
Stay away from credit cards. They are the devil.
Re-Raise
Well-Known Member
Years ago I read about people with poor credit paying people with good credit to add them as authorized users on some cards to help raise their credit score. Of course interest rates were higher then and a better credit score could save them thousands in mortgage interest.
ManInBrown
Well-Known Member
Who cares about interest rates? It's called paying your statement balance in full each month. Then there is no interest
ManInBrown
Well-Known Member
Nothing gets removed from your credit report. Even if you pay the collection, the negative mark remains, and it's coded as satisfied.
DriveInDriveOut
Inordinately Right
Boosted my wife's credit score by about 150 points by doing that. They sent cards for her in the mail, I cut all those suckers up into pieces lol.
Re-Raise
Well-Known Member
A good credit score will get you lower rates on mortgages or auto loans that aren't paid in full each month. On credit cards, I agree the balance should be paid in full each month.
dookie stain
Cornfed whiteboy
My credit used to be so 
ed...let a Best Buy credit card go to collections...sitting at. 727 now...could be better...
ed...let a Best Buy credit card go to collections...sitting at. 727 now...could be better...ManInBrown
Well-Known Member
Absolutely for mortgage and auto loans.
UpstateNYUPSer(Ret)
Well-Known Member
Adding someone with poor credit as an authorized user can affect your personal credit score.
NonDeliverOtherMissed
Well-Known Member
That's wat mine was.....was young n dumb...they shouldn't give credit cards to ppl til they are 25
Or at least give them a small credit line and actual minimum payments that take the balance down.
Re-Raise
Well-Known Member
I think schools should teach personal finance in high school, but I learned from my parents. Got a card when I turned 18, used it and paid it off every month, bought several cars payed off or traded them in, and I've have had 2 mortgages. I'm 30 now with a 830 FICO score.
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