Current Events > i have 16 open credit cards ask me anything.

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Tell me your credit limits on each of them.
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Why?

At one point I had 5 and I found it completely silly. I still have 4 technically but I only use one visa and one Mastercard.
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what's your favourite anime

Which side would you vote for?

https://gamefaqs.gamespot.com/boards/261-politics/77074093

Are you a butt man, breast man, or thigh man (like me)?
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yunalenne10 posted...

Tell me your credit limits on each of them.

no

NES4EVER posted...

Why?

At one point I had 5 and I found it completely silly. I still have 4 technically but I only use one visa and one Mastercard.

to help my credit score (most are no AF cards). also to earn points so i can travel or get cash back.

TheMarthKoopa posted...

what's your favourite anime

uh right now i really like Shokugeki no Soma.
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I don't understand the obsession with credit scores.

I got credit at 19 and was diligent about paying this back. I had great credit by 25 when I applied for my first mortgage, and it has remained good, as I've received the best rates on any subsequent mortgages or loans.

There was no strategy to it. Just "pay it off soon and don't miss a payment"
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NES4EVER posted...

I don't understand the obsession with credit scores.

I got credit at 19 and was diligent about paying this back. I had great credit by 25 when I applied for my first mortgage, and it has remained good, as I've received the best rates on any subsequent mortgages or loans.

There was no strategy to it. Just "pay it off soon and don't miss a payment"

im glad that worked out for you.

but for me i fucked up my credit at an early age. i let student loans go over due and i was sitting in the high 500s for a while. but i was a young kid who didn't understand credit and was like lol who needs credit whatever.

then i tried to rent an apartment and they said they need a credit check. oof.

if i want a new cell phone, they check credit for financing. if i sign up for a new utility they check credit. some JOBS fucking check credit scores for no reason now.

i see credit as a tool. if you want to use it, you gotta keep it good. i want to use mine, so i keep it padded with tons of accounts that will keep utilization low and age of accounts solid and not prone to fluctuation by adding a new account.

banks also like seeing many well handled accounts, and will give out their more premium accounts. loving my American Express Platinum card membership right now.

point is, with credit, YOU DON'T USE IT, YOU LOSE IT.

btw my credit score is 704 right now. its usually 730ish but i let some balances report and it fucked up my individual card utilization
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I can't say I've ever done a credit check to see what it actually is. I just know there's never been a hurdle or a "no" from the bank.

Well except for when I first applied for a visa and was rejected for lack of credit. I had 8k in the bank and wanted a $500 limit. They reconsidered lol.

But I think you bring up a good point about financial education. I grew up watching my parents make terrible financial decisions and promised I'd avoid all that. I sought education and knowledge on credit and investing. I really wish that the education system would include personal finance as a component.
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NES4EVER posted...

I really wish that the education system would include personal finance as a component.

i remember in high school, my religion teacher of all people would just ignore his syllabus and teach us real life shit. one of them was on credit. he told us to open a store card and keep it open but never touch it. then open a real credit card to help build credit.

he even warned us against "fee harvester" credit card companies like CreditOne (not to be confused for CapitalOne) cuz they fuck you royally with all their fees.
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