Credit card worth it? - Page 2

Originally Posted by beingoflight

the most stupid advice in this site yet smfh.

this mf has a sht ton of hard inquiries guaranteed smfh

Credit Karma is known to lie about everything. even the credit cards they promote are known to be crap, they only promote them because they get a cut from people signing on them.

the card you mentioned is trash. avoid it.

apply for one with Capital One, Wells Fargo or Bank of America (capital one is known to accept pretty much anybody.)

use the card ONLY to pay for small things like gas or your netflix subscription etc. pay it off completely before the due date.

keep in mind every time you apply for a credit card it will make an inquiry on your credit and affect it. just get 1 or 2 cards, having too many makes your credit look bad and go up even slower.

only a true rètard has a credit card with annual fees when there are so many out there without any.

the other thing that will skyrocket your credit is a car loan, but be careful some dealerships dont report to all the 3 credit bureaus, i played it safe and went to CarMax and they told me all the banks that approved me and how much interest rate i was paying on each. right now is not a good time to get a used car but if you have to make sure you get a real cheap car with a huge down payment.

i went from having a score of 380 to 640 in a year.

Originally Posted by beingoflight

the higher the score shows the higher the dependency on borrowing money you do not have lmao

unlike you wagie, i buy everything cash i do not live paycheck to paycheck like you. the only reason i even bothered to up my credit was for a lower interest rate for a mortgage and to lower my car insurance rate.

my parents are worth more than you and your parents put together and never bothered to build credit since they always had the plans to go back to mexico with all their wealth, they also retired in their 30s.

i also manage the budget for multi million industrial plants accross the country my guy. really amusing how envious of me you are following me accross the site replying to my stuff. an hero.

Originally Posted by jorgeag92

here are my 2 cents:

-Pay your damn bills on time and your credit score will go up.
- If you make big purchases, pay them in full.
- Track your score. I pay Experian 5 bucks a month (I got grandfathered into their cheap subscription) to keep track of my credit, and have a free account with each bureau to keep my credit locked until I need it.
-Having different kinds of credit helps build up your credit. Credit cars, car loan and mortgage are classified as different types of credit.
-If you have too many credit cards, keep a subscription on them like netflix or something else and have it in auto pay, so they dont auto close your card for non-use (I had two store credit cards auto closed after not using them for over a year)
- Dont open too many cards at once. Part of the calculation for credit score involves averaging the length of time you had all your cards. Never close your oldest credit card.

Originally Posted by FLDreamerrr

This. Also , if you’re responsible enough use your credit card for all transactions you would normally use your debit card for. Reason being is the rewards you get for using the credit card (cash back , points) , debit will usually not give you anything.

I get usually about 1000 a year in cash back just by using my cc for same transactions I would on debit.

Originally Posted by FLDreamerrr

This. Also , if you’re responsible enough use your credit card for all transactions you would normally use your debit card for. Reason being is the rewards you get for using the credit card (cash back , points) , debit will usually not give you anything.

I get usually about 1000 a year in cash back just by using my cc for same transactions I would on debit.