>you need a credit card to build credit! >get a credit card >your credit score goes down if you don't use it >your credit score goes down if you use it too much >your credit score goes down if you have too few accounts >your credit score goes down if you have too many accounts
What's the fucking god damn POINT of this stupid fucking game? Why do people accept this bullshit little hidden rules balancing act?
Luis Nguyen
You must just be retarded.
Jose Martin
Use it normally and pay it off and your credit will go up. It's really simple.
Parker Price
Whatever, dude.. just use it and maintain a small balance < 20% preferably.
Amazon rewards card is nice because you can use the reward points to buy shit off amazon and prime is free with it. Interest rate aint the greatest tho.
Connor Reyes
>your credit score goes down if you don't use it You should use your credit card to pay for pretty much all living expenses other than housing. Do you not pay for food/gas/cell phone?
>your credit score goes down if you use it too much If you're talking about using over 30% of your limit, then yeah this kind of sucks. It happened to me when I had to put a bunch of moving expenses on my 1 credit card with 3k limit. A few months later I spent maybe a total of 20 minutes applying for more cards and had my limit increased to 50k so this shouldn't be a problem after a while.
>your credit score goes down if you have too few accounts Low impact. I had a score close to 800 with literally 1 open account.
>your credit score goes down if you have too many accounts Temporary impact. Having more account long term is actually good.
Joseph Bailey
I don't understand this credit score system in the US. In my country you don't have such a thing and I assume it's also not in other EU countries. So why have it?
Saying that it shows the trustworthiness or ability to pay of someone is kinda stupid tho, considering the little basic shits you need to do to increase it or the way you can cheat it.
Liam Jackson
thanks for the tips
Joshua Richardson
because there are a ton of irresponsible, degenerate retards in the US that don't know how to manage money
lenders use it as proof that they can safely loan their money and expect to get it back
Easton Hughes
Indentured servitude, basically.
Hudson Robinson
Why do you even need a good credit score?
After my college loan debts I am never loaning shit again.
Credit makes no fucking sense: You loan money to repay it at the end of the month. Why not eat fucking rice for a month and use your own money?
Maxing out credit cards to sustain your business? Why the fuck do you need credit for your runway?
"But.. but.. we stimulate the economy by lending out money." Sure thang, son.
Psychologists found that parting with credit card money is way less painful than parting with cash money. This pain is natural and it is financially unhealthy to obscure it with a plastic card: if you are a consumer wage slave, you will get fucked forever.
Hudson Cruz
You don't need to spend a lot on your credit card to increase your credit. All you need to do is make one small purchase a month and pay it off to record the payment. If you pay it off immediately you don't even need to pay interest.
Your credit does not go down if you have "too few" or "too many accounts". Who the fuck told you that.
Kevin Diaz
>Who the fuck told you that. FICO.
David Powell
>Have a current account to get salary paid into >Apply for their worthless Good Goy card even though my debit card works fine >Get it without question because it's useless trash >Use it to pay for fuel for my shitty car, use it to pay for my cheap groceries, expenses I know I can cover immediately anyway >Always pay it off on time >Build up decent credit score >Apply for an AMEX card >Now qualify >Budget for fees >Start using the card for literally all my regular monthly expenditures >Put my liquid money into ETH over March, April, May, June >Value goes up each month >Sell it out at billing time, pay the debts, keep the profit >Do this again every month >Credit score goes up, I have liquid wealth to grow in investments, I get expensive free shit I wouldn't normally pay for, and a fancy card to show off with that I know I'm getting value from
Poor people are brainlets
Henry Williams
your score goes down temporarily if you open too many accounts at once
your score is not based much (less than 5%) on the number of accounts
I have 2 credit cards (no missed payments) and a perfect loan history for car (payed off) and student loan (paid off). I had one account closed for inactivity and both credit cards that are active only have 9 years of history, would have been more like 20 years but it gets cut in half each time you open an account, but even that is such a minor blip on your credit score.
All that really matters is no missed payments and that you actually use your accounts.
Ideally, you pick accounts that grant you at least 1.5% cash back, and use them only for paying things you are forced to pay, like bills, then immediately pay your credit cards off the same month. Why turn down a slight benefit when it's free?
credit score is 802
Gavin Long
Free money. I've been balance transferring shit for years. Got about $10k in CC debt. I just pay the minimums then when the 0% APR period is about to end, I transfer that shit to a new card. Free money.
Colton Jenkins
Is 747 a good credit score?
Logan King
It's a meme just like everything else under capitalism.
Brody Barnes
surely that catches up to you in the end somehow right?
Kevin Jones
anything over 700 has a very limited use as far as credit approval goes
anything over 750 is overkill
anything above 800 has no effect except to brag
Ryan Barnes
I've yet to find out!
Bentley Mitchell
I mean I'm all for taking risks and everything but you'll be pretty fucked, I'm pretty sure (((they))) have made 100% certain that there is no loophole like the one you're doing
Luke Long
the only two negatives to doing this is if you miss a payment for some reason, or, in the long term companies can actually refuse to sell you a card, if they think it is odd if you have dozens and dozens of inactive cards on file but are not using them.
Isaac Bailey
I'm 22 and I have 720 credit. I just bought a car then a line of credit and a credit card. Just pay the shit off. Goes up. Damn
Jack Evans
>inactive cards
Everything gets used. I have an organizer and they're labeled for certain days. So I grab those cards for those days. Other cards are setup to do one autopay a month.
I have 23 active cards as of today, with the newest being an Amazon Store Card because I got a $40 gift certificate applied to my order if I applied for it plus 0% interest for 6 months.
And I do have the money to pay off the cards if I liquidate assets, but why bother?
Gabriel White
Hahahahahhhahah what. Maintain a balance??? Do you literally work for chase or something. This is absolutely retarded advice. You are telling him to pay interest for absolutely no reason.
PAY OFF YOUR BALANCE IN FULL AT THE END OF EACH MONTH.
Adrian Gutierrez
FICO never says your score goes >Down with too few accounts. Your credit has to start somewhere, and no, its not at 850.
Jonathan Fisher
850 credit here
just use your credit card as a debit card. I use it for everything and I pay it off every two or three days.
What can make you credit score go up is to have many cards with high limits but no balances on each of them.
Unless you are in a very precarious situation, you really have to be retarded to keep a balance on a credit card.
Aaron Brooks
>not taking advantage of 0% APR
Lucas Powell
Why is always credit cards with americans? Ever heard of debit cards?
Caleb Carter
1. no rewards points with debit 2. no 0% apr with debit 3. debit just screams poorfag but bitches get wet when they see my AMEX
Logan Rivera
The credit bureaus aren't rating you for your benefit, they're rating you for the bank's benefit based on how much profit you're likely to generate weighed against your risk of default.
Jeremiah Nelson
get on the next level and start transfer CC debt 0% interest for 12 months and then transfer it again even though you have the liquid cash to pay it off
Oliver Martinez
Literally flushing free money down the toilet
Ryder Russell
>1 I wouldn't feel grateful for ((them)) making me spend 100 just so I can get 0.01 back. >2 I don't even know what that is. Nor do I care, for if ((they)) conceived it, it's just a convoluted mean to extract value out of other people. >3 Pay a yearly fee goy, it makes you look rich and important. With this, the conditioning is complete.
Brody Nguyen
is it worth the time? how much are you making by managing all that?
Jace Miller
>not buying crypto with credit card It's like you hate money
James Jones
>be me >have a business >pay for products using credit card >use the money from selling products to completely pay back credit card >sometimes do this twice a month
And now offers from credit cards are flooding my mailbox, basically just from looping the same money through the card again and again.
Connor Gray
"Free money"
That's why people are drowning in credit debt right? "But oh no I'm not that dumb user lol!" I will reply with an "okay, enjoy you 50 extra dollars a month while risking compound intrest that's literally exponential and therefore a means of enslavement."
You ARE risking your life here.
Jeremiah Long
Why not do that with pure money you usury shill?
Isaac Bell
>I wouldn't feel grateful for ((them)) making me spend 100 just so I can get 0.01 back. as opposed to literally $0 for using a debit card? >Pay a yearly fee goy, it makes you look rich and important. With this, the conditioning is complete. most cards don't have a fee and the ones that do are for people who get more benefit with the cash back > fee and can usually get it waived
the only people drowning in credit debt are literal retards, who are responsible for benefiting both the credit card companies AND the people who use them responsibly
I don't know why I even bother responding to people like you 2, you are both actually retarded stormweenie tryhards. (((DA JOOS)))
get the fuck off Veeky Forums retarded fags
Alexander Price
What do you sell?
Michael King
Why would I?
>get cash back rewards, so everything I buy with the card is slightly cheaper >builds credit history >soon I'll be able to take out huge loans and leverage out on real estate
Julian Perez
Tools, light bulbs, vacuum filters, just random shit desu.
Nathan Murphy
>debit just screams poorfag but bitches get wet when they see my AMEX Literally show them your balance and they'll get dryer than the Sahara. The truth will come out any you'll be that balding old man that has a hot wife but she goes around trying to fuck for some more cards. While doing so your AMEX rate is 12.99 and going down by .5 percent a year! Not so, your gold digging wife spent 20k over the past three months on shoes and "lavish makeup jus 4 u boo " and maxed it out! Oh noooooo! The 20% intrests rate takes effect immidiately. Unless you make 20k a month, you're not going to pay this off for a long time. Even if you do, your golddigging wife's greed increases by your salary and so does your credit limit.
Ayden Watson
If you want to qualify for buying a car or house then you need good credit. Finance, Accounting, or government job, you need good credit.
Nicholas Morgan
Explain how it's free money when you have to pay it back.
Alexander Jackson
Even if your credit score is high what will you do with it? Take out another loan right? It should be so simple, my God.
Asher Martinez
How about you pay it in liquid and pure cash instead of being degenerate? I know that some don't have parents to help but room shares are 500/m. Don't be a degenerate.
Hudson Baker
he's talking about the cash rewards. guess what, you don't have to pay them back! surely this must be some kind of jewish sorcery!
Jonathan Flores
>Finance, Accounting, or government job, you need good credit. As opposed to bad credit. Shill.
Liam Murphy
Been trying to find some sideline to take advantage of the 4% cashback... found nothing worth the hassle
Aiden Richardson
not him but i'm sure he's making at least several hundred if not a thousand dollars per year with 23 active cards
you could just set up 1 or 2 days a year in which you use the "inactive" cards to credit an amazon account for a few bucks each
Wyatt Sanchez
not sure what planet you live on but most people here on Earth don't have 300k in cash sitting around to buy a house straight up
Lincoln Morales
I'd say maybe go to Goodwill and thrift stores in your area and buy ink cartridges.
Scan barcode with an app on your phone, see if it's selling quickly and calculate fees, you can usually double your money pretty easily. Amazon FBA will ship the products for you when they sell.
Lincoln Morris
yeah this is wrong. Pay it off every month.
Kevin Ward
I've got a credit score of 780 without using a credit card. It's pretty easy, user-kun. Just get a small loan and make payments every month. You don't even need to spend the money on anything if you don't want too. My loan is for my car btw.
Josiah Butler
What's your interest rate on that loan?
Andrew Miller
5%
Michael Ortiz
What a fucking retard. The interest rate on a credit card is 0% as long as you set up autopay.
Austin Richardson
I currently have no use for a credit card. I do have use for a car (which means I need a car loan).
Thomas Adams
So you literally never ever ever buy anything from any store at all?
Jonathan Cook
Debit card bby.
Josiah Butler
There is absolutley no reason to use credit. Ignore the conditioned poorfags. Credit is a trap for the middle class. It's what makes them look and think they're wealthy, but in reality they just piss away their real money to borrow shit that they can't afford. It should be called a borrowing score, not a "credit score". Real wealth lies in assets, not liabilities.
Charles Martin
Sure, pajeet.
pay off that CC debt. Be the change you want to believe in.
Carson Moore
Then they don't deserve a fucking house.
Jordan Davis
most people in my country just use debit cards
Elijah Baker
>I'm throwing away free money, free extended warranties, fraud protection, return protection, and price protection because I'm too stupid to be trusted to not spend money I don't have.
Ethan Thomas
How do you think the rich got rich my friend?
Lots of credit.
Jayden Perry
Ok user, what is the best card with the best perks. Ill get one literally right now if its convincing enough.
Christopher Kelly
Lets say you get a mortgage with a 4.10% interest rate. Instead of just paying for a house in one lump sum payment, you can invest that money and receive more than a 4.10% return on my money.
Jesus, you people are stupid.
Anthony Price
But they really want one Who cares about 'deserve'
Joshua Russell
>tfw aeroplan visa card
Sebastian Williams
We don't even have credit cards in my country, only debit, yet the banks are far more corrupt than in the USA.