Posted by: STUPIDA July 23, 2012
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well, riddle
when I first came back in aug 2002, I got an oppurtunity to stay with some of the big shots seniors dai. and everytime they open their wallet at stores to pay, they used different cards and had a lot of them too. so this started as hobby for me and used to apply for many cards. So most of my early cards have very low limit, including some with 500 only. This continued for few years. then When I finally got fully aware of scores and credit and all those relating to FICO, then I managed to control and started working on it. But CCs is different than it used to be. It has helped me a lot during my hard times. there were times when i did a 20K cash deposited into my Checking account just from one CC (BoA). Never paid transfer fee nor any interest (0.0 promo APR for 15 months). These days all CCs have 3% transfer fee. I closed many of my old but less limit cards few years back. I shouldn't have done that.
Another thing, all most all my CCs have points and cash back. I use citi a lot, becuase they have extra points during their promotion for certain purchase. I use my AMEX couple of times a year for big purchase and noneof my cards have any annual fees. The only reason i use amex less is that becuase many places they dont use Amex. The only reason I am keeping my all cards is that it will lower my score as soon I cancel them. and according to my CCs report and others places, the only place i s****k is in my average length of open accounts. BTW, here is a nice blog to check your Credit scores for free.
http://www.mymoneyblog.com/five-hassle-free-ways-to-get-your-credit-score-for-free.html
I am using three of them.
when I first came back in aug 2002, I got an oppurtunity to stay with some of the big shots seniors dai. and everytime they open their wallet at stores to pay, they used different cards and had a lot of them too. so this started as hobby for me and used to apply for many cards. So most of my early cards have very low limit, including some with 500 only. This continued for few years. then When I finally got fully aware of scores and credit and all those relating to FICO, then I managed to control and started working on it. But CCs is different than it used to be. It has helped me a lot during my hard times. there were times when i did a 20K cash deposited into my Checking account just from one CC (BoA). Never paid transfer fee nor any interest (0.0 promo APR for 15 months). These days all CCs have 3% transfer fee. I closed many of my old but less limit cards few years back. I shouldn't have done that.
Another thing, all most all my CCs have points and cash back. I use citi a lot, becuase they have extra points during their promotion for certain purchase. I use my AMEX couple of times a year for big purchase and noneof my cards have any annual fees. The only reason i use amex less is that becuase many places they dont use Amex. The only reason I am keeping my all cards is that it will lower my score as soon I cancel them. and according to my CCs report and others places, the only place i s****k is in my average length of open accounts. BTW, here is a nice blog to check your Credit scores for free.
http://www.mymoneyblog.com/five-hassle-free-ways-to-get-your-credit-score-for-free.html
I am using three of them.