That's racist!

[SLICKYINC]

Wheres @BowlBrother85? He's in banking. He should be providing his insight.

Cleaning out safe deposit boxes..

 

[FLVOL_79]

Everyone realizes all this talk about having credit cards and checking credit scores is racist right? Probably the most hate filled White privileged few pages ever on VN.

 

[FLVOL_79]

Wheres @BowlBrother85? He's in banking. He should be providing his insight.

Is the cash advance business technically considered banking?

 

[Squints]

Everyone realizes all this talk about having credit cards and checking credit scores is racist right? Probably the most hate filled White privileged few pages ever on VN.

STFU Jesse Jackson!

 

[LouderVol]

Credit Utilization is nothing more than how much of your Total Available Credit you are using at one time.

Learn How Owing Money Can Impact Your Credit Score | myFICO

but is it good to have a lower utilization? is there some sweet spot? I spend ~100/1500. sometimes up to 200 but usually not much less than 100.

 

[McDad]

They have no idea how it works either. They have a required score needed for approval. You either get it or you don’t.

Some banks that aren’t strictly score driven will do a manual review before a decision is made.

BowlBro thinks he is smarter and better than you though.

 

[MyBloodRunnethOrange]

Is the cash advance business technically considered banking?

More like loansharking

 

[1972 Grad]

BowlBro thinks he is smarter and better than you though.

Well, he IS a liberal, so...……………….

 

[85SugarVol]

but is it good to have a lower utilization? is there some sweet spot? I spend ~100/1500. sometimes up to 200 but usually not much less than 100.

A lower Credit Utilization is better

 

[BearCat204]

A lower Credit Utilization is better

Would say its the second highest factor that goes into "calculating" your FICO

 

[ClearwaterVol]

Would say its the second highest factor that goes into "calculating" your FICO

It helps and when I first started the strategy, I had about 10k in available credit. After about 6 months of maxing out cards each month but paying prior to the statement date, the card companies started just bumping my credit limits. For example, one of my cards that had a $1500 limit got bumped 3 times within a year and the credit limit was bumped to $25,000. Another benefit is that points/miles/cash back on various cards.

 

[CABVOL]

I am doing the same thing with the Disney thing. You talking about the Chase one? We have nearly 3000 dollars in credit for Disney by putting every damn thing on that card lol.

Yes sir. That's the one. Every purchase we make is on the card and then we pay the balance at the end of the month. There are ways to do Disney without breaking the bank.

 

[85SugarVol]

Would say its the second highest factor that goes into "calculating" your FICO

It is, represents 30% of your FICO Score.

 

[SpaceCoastVol]

I had thought of taking about 50 of those credit cards and then taking the maximum 'loan' you could get and moving to Mexico. Give them a FU for the usurious interest rates they charge.

Wife wouldn't go for it though. She's too honest

 

[FLVOL_79]

Having a 800+ credit score is a burden that I am saddled with everyday. People offering me low interest rates, interest free loans, rediculous mortgages and rates..its rough.

 

[Obsessed]

Yes sir. That's the one. Every purchase we make is on the card and then we pay the balance at the end of the month. There are ways to do Disney without breaking the bank.

We did similar with our American Express and Disney.

 

[1972 Grad]

I had thought of taking about 50 of those credit cards and then taking the maximum 'loan' you could get and moving to Mexico. Give them a FU for the usurious interest rates they charge.

Wife wouldn't go for it though. She's too honest

I'll go with you.

 

[BearCat204]

Yes sir. That's the one. Every purchase we make is on the card and then we pay the balance at the end of the month. There are ways to do Disney without breaking the bank.

I have Vader and GF has Elsa lol


Its a great card

 

[CABVOL]

I have Vader and GF has Elsa lol


Its a great card

I had Vader. Chip quit working so I now have Yoda. Lol. Wife went with the castle.

Used to could get in a couple of areas with it at Disney but they did away with them the last couple of years.

 

[BearCat204]

I had Vader. Chip quit working so I now have Yoda. Lol. Wife went with the castle.

Used to could get in a couple of areas with it at Disney but they did away with them the last couple of years.

We haven't been to Disney since we started doing business with Chase, but do they still have the %10 discount at the Disney Stores and such?

 

[FLVOL_79]

I have Vader and GF has Elsa lol


Its a great card

Wait..you have a Vader credit card???

 

[k-town_king]

Having a 800+ credit score is a burden that I am saddled with everyday. People offering me low interest rates, interest free loans, rediculous mortgages and rates..its rough.

Good thing there isn't a spelling test for those offers.

 

[CABVOL]

We haven't been to Disney since we started doing business with Chase, but do they still have the %10 discount at the Disney Stores and such?

If you spend $50 or more, yes.

 

[CABVOL]

Wait..you have a Vader credit card???

Yes they do. Disney Chase VISA.

 

[BearCat204]

Wait..you have a Vader credit card???

Yes, I'm cool AF.....I know