|
ETB posted:The fact that you weren't carrying a balance at all meant you weren't really building your score. Jesus Christ stop spreading this poo poo. It's wildly incorrect. He was building credit by length of account being open. Utilization has no history component to it. It resets every time it's reported.
|
#
¿
Nov 24, 2014 23:20
|
|
|
|
| # ¿ Apr 29, 2024 08:06 |
|
|
Deviantfish posted:I've got two cards right now, a lovely 1% cash back Wells Fargo card that came with my account, which I've had for about three years, and the Fidelity Amex which I just opened. I've been maintaining sub-30% utilization on the Wells Fargo since I've had it, and my score is in the upper 700's. Would it be worth it to try to get a Citi double cash card as well in the near future, and rotating between that and the Amex to keep utilization down? Yes. The extra 1% cash back will probably be worth it as opening another card won't hurt your credit much over the short term, and only help over the long term. I use my fidelity 2% back everywhere that accepts Amex and my Cap One Ventures everywhere that doesn't.
|
|
#
¿
Dec 14, 2014 23:29
|
|
|
SaltLick posted:How fast and how high does credit shoot up once you have your cards drop from high utilization to <30%? I finally got a wrangle of my money and can pay off my credit card in the next few months. I'd like to get a cash back card instead of this terrible amex starter card I got when I was in college. Current score is 615ish due to defaulting on student loans back in the day but have since paid them all off. Utilization has no history. Only current utilization is included in your score. So as soon as your cc companies report that month's utilization, it will hit your score.
|
|
#
¿
Jan 12, 2015 17:40
|
|
|
Blinky2099 posted:Ahh okay, got it. It looks like the Sallie Mae 5% and Citi Double Cash 2% can both actually be used directly for cash statements, so I'll just go with those for simplicity. Thanks. Is the Sallie Mae card true cash back or is it only applicable to you student loan? Can you even get one if you don't have a student loan with them?
|
|
#
¿
Feb 8, 2015 16:37
|
|
|
khysanth posted:Sallie Mae MasterCard and Citi Double Cash are probably your two best bets. I would add Fidelity Amex in the mix. Also 2% cash, no annual fee.
|
|
#
¿
Feb 25, 2015 00:51
|
|
|
lmao zebong posted:Wouldn't the Fidelity Amex serve the same purpose as the Citi Double Cash card without the extra step of transferring money out of a Fidelity account? Unless I'm missing something I don't see a reason for him to have both. Well this isn't the case anymore as of April, but you can use the Amex at Costco. You can also get a statement credit with the Fidelity Amex instead of cash back. E: and it wasn't necessarily get both as it was "consider this on the short list"
|
|
#
¿
Feb 25, 2015 02:55
|
|
|
pig slut lisa posted:Just to clarify, it's not the case anymore as of April 2016, so you still have ~15 months Oh I'm dumb. I thought it was this April and was pissed off. Getting 4% back at Costco has been an incredible ride.
|
|
#
¿
Feb 25, 2015 12:27
|
|
|
|
| # ¿ Apr 29, 2024 08:06 |
|
|
Mofabio posted:Oh man, I feel like I'm spoiled with the Barclay's site. Citi's and Fidelity's sites look like school projects. Yeah, anyone that complains about the barclays site hasn't used the Fidelity credit card one.
|
|
#
¿
Mar 28, 2015 13:40
|
|