blazeaglory

Same here. I use CC exclusively and pay off every month but sometimes the reporting agencies happen to catch the high balances and it affects my FICO score due to the balance to limit ratio and above 30% usage (even tho I pay off every month, or majority anyways)

So, applying for this card yesterday and I was approved for a nice 5 figure limit. That should stop my FICO from dropping because I'm sure now my usage will always be way under the 30%.

Thank you Chase Sapphire!

You mean you had to pay interest on someone else's money? AFTER a year of interest free?

You don't say...

I got screwed becuase I applied for a card that CK said had the highest approval "chance". I only wanted it for cash back on gas and groceries and I pay my balances off every month. Well the credit card company declined me due to not having enough actual credit cards (I have 3 at the time of applying) and that I dont pay off my balances enough (I pay off the balance %100 every month for over a year now). Also my credit is over 10 years old with a FICO of between 700 to 745. I only have 3-4 inquiries with a couple being over 12 months old.

So basically, ITS A CRAP SHOOT.

Its Credit Karmas algorithm. What you see on CK isn't exactly what's on your true credit reports.

I think CK does it to scare us into becoming better penny pinchers haha.

For instance, mine just dropped 30 points because of a slight utilization increase. It's only 16% ratio. I carry high balances and pay off every 1 to 2 months. Its annoying to say the least

What's with all the credit cards?

I have had ZERO negative items in 10 years! For the last 2 years I have made all payments on time and have paid off CC balances every month! WTF credit karma!!

WTF MY EQUIFAX JUST DROPPED 139 POINTS IN ONE DAY!

Ive been making all payments on time andn have had things taken out of collections. For the passed 2 years I have had ZERO negative items other than a few inquries. WTF CREDIT KARMA???

Allot of secured cards can open with $50!

Yeah building credit is free. There are many other options. One of them being a secured Visa/Mastercard