Author Topic: Misc Credit Card Questions  (Read 1865413 times)

Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #9580 on: October 26, 2020, 12:51:32 AM »
Say what? They are completely useless at that point. I only did it to test things.
What is 808 going to get you that 800 won't?  :)
Significant relative to hard it is to obtain. Meaning it's much harder to get from 800 to 850 then 750 to 800. If there's a use? 🤷‍♂️
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Offline CountValentine

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Re: Misc Credit Card Questions
« Reply #9581 on: October 26, 2020, 12:52:11 AM »
You also have to compare it to people with low credit lines when they spend 500 that could be half their credit line and can make a huge difference.
We are talking about putting a small amount on one card to increase your score. Your CL won't matter.
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Offline yungermanchik

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Re: Misc Credit Card Questions
« Reply #9582 on: October 26, 2020, 12:54:06 AM »
The "greatly" part is what I take issue with. Are we talking a 40-50 point increase, I don't think so.
Perhaps for someone who's just starting out. I wouldn't know because my father gave my a boost of a depth of credit significantly older than me.
Small people talk about other people.
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Offline CountValentine

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Re: Misc Credit Card Questions
« Reply #9583 on: October 26, 2020, 12:55:37 AM »
Significant relative to hard it is to obtain. Meaning it's much harder to get from 800 to 850 then 750 to 800. If there's a use? 🤷‍♂️
Obtaining something that is hard but does not help you is a waste of time.
Only on DDF does 24/6 mean 24/5/half/half

Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #9584 on: October 26, 2020, 12:56:11 AM »
We are talking about putting a small amount on one card to increase your score. Your CL won't matter.
Putting a small amount on one card for someone with just one card usually means (if he's using his card regularly) that they need to pay up almost everything before they're statement closes. If they're CL is $1000 and they spent $500 that month, then not paying up early means they are using 50% of their CL which is bad for one's CS

Obtaining something that is hard but does not help you is a waste of time.
Agreed
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Offline CountValentine

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Re: Misc Credit Card Questions
« Reply #9585 on: October 26, 2020, 12:56:16 AM »
Perhaps for someone who's just starting out.
Not a chance.
Only on DDF does 24/6 mean 24/5/half/half

Offline yungermanchik

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Re: Misc Credit Card Questions
« Reply #9586 on: October 26, 2020, 12:58:02 AM »
Not a chance.
If you say so, 🤷‍♂️
Small people talk about other people.
Average people talk about things
BIG PEOPLE TALK ABOUT IDEAS.

Offline CountValentine

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Re: Misc Credit Card Questions
« Reply #9587 on: October 26, 2020, 12:58:52 AM »
Putting a small amount on one card for someone with just one card usually means (if he's using his card regularly) that they need to pay up almost everything before they're statement closes. If they're CL is $1000 and they spent $500 that month, then not paying up early means they are using 50% of their CL which is bad for one's CS
We are talking about the $2 trick. Check out CB and it is all explained in detail. It has also been tested extensively by the legend BW.
Only on DDF does 24/6 mean 24/5/half/half

Offline CountValentine

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Re: Misc Credit Card Questions
« Reply #9588 on: October 26, 2020, 12:59:25 AM »
If you say so, 🤷‍♂️
Check out CB and it is all explained in detail. It has also been tested extensively by the legend BW.
Only on DDF does 24/6 mean 24/5/half/half

Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #9589 on: October 26, 2020, 01:01:02 AM »
We are talking about the $2 trick. Check out CB and it is all explained in detail. It has also been tested extensively by the legend BW.
Link?

The $2 trick is directly connected with credit utilization percentage.

(Someone with a lower CL the trick will have greater benefits)
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Offline Dan

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Re: Misc Credit Card Questions
« Reply #9590 on: October 26, 2020, 10:16:46 AM »
Is it $1 or $2? ;D
Once upon a time banks would forgive statements of $1 or less, so that was a reason to spend $2.
I don't think any banks still do that.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline yelped

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Re: Misc Credit Card Questions
« Reply #9591 on: October 26, 2020, 10:27:10 AM »
Once upon a time banks would forgive statements of $1 or less, so that was a reason to spend $2.
I don't think any banks still do that.
Discover?

Offline CountValentine

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Re: Misc Credit Card Questions
« Reply #9592 on: October 26, 2020, 10:29:45 AM »
Discover?
IIRC Disc was 1.50 or 1.99
There were many.
Only on DDF does 24/6 mean 24/5/half/half

Offline Samb

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Re: Misc Credit Card Questions
« Reply #9593 on: October 26, 2020, 01:52:34 PM »
Discover?
discover still does up too $2

Offline Samb

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Re: Misc Credit Card Questions
« Reply #9594 on: October 26, 2020, 02:04:41 PM »
Source?
Check out many of the FICO reason codes https://www.fico.com/en/latest-thinking/product-sheet/us-fico-score-reason-codes

No recent revolving balances

Number of active bank/national revolving accounts

Too few accounts with recent payment information

Too few active accounts

and many more.

The six month time period is based on my own experience (fico does not disclose their exact algorithm)

Offline yaakovl

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Re: Misc Credit Card Questions
« Reply #9595 on: October 26, 2020, 02:52:28 PM »
discover still does up too $2
1.99 is the max they've credited ime

Offline Samb

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Re: Misc Credit Card Questions
« Reply #9596 on: October 26, 2020, 03:10:50 PM »
1.99 is the max they've credited ime
עד ולא עד בכלל

Offline meilich

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Re: Misc Credit Card Questions
« Reply #9597 on: October 26, 2020, 04:41:36 PM »
I have a pre-approval for amex business gold 50k after 5k spend without waiving the annual fee, is it worth it?

Offline justmeha

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Re: Misc Credit Card Questions
« Reply #9598 on: October 26, 2020, 04:43:39 PM »
I have a pre-approval for amex business gold 50k after 5k spend without waiving the annual fee, is it worth it?
it's been up to 80 k IINM

Offline mimb

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Re: Misc Credit Card Questions
« Reply #9599 on: October 26, 2020, 05:23:37 PM »
I keep seeing DP's of people getting a 60k AMEX Green offer but I'm only seeing 50k through a referral. Any tips?