caligeekgrrl

16 Contributions 258 People Helped Top Contributor

Member Since: June 2013

About Me: I am a Disabled USAF Veteran in my 30's, Computer Science is my education and part of my work history. Now I'm just trying to get myself out of my apartment where a neighbor blasting their music can't give me migraines.

To get a place where I can get the quietness I dream of, a good credit score means better interest rates on a home loan. I set up a computer spreadsheet to stay on top of my account balances and keep track of due dates, but I keep automatic payments on just in case I have to go an extended period of time without internet access.

My closest relatives are very good with finances and following their advice as well as that here on Credit Karma has helped me up my score and allowed me to get the credit cards that have cash rewards. But just by paying off my entire balance every month, only using the cards to buy things like gas, groceries, medical stuff, and an occasional upgrade part for my computer, I've actually been making a PROFIT from my credit card use. Pay balance in full = no interest + cash rewards = profit.

With all my credit scores being excellent now, it's time to get rid of stuff and start filling the nail holes in the walls of this apartment, and then just waiting for a dip in housing prices and the right home to catch my eye. And spend a Friday night or two on that block to make sure my potential new neighbors don't have loud house parties.

Most Helpful Contribution

Why a Perfect 850 Doesn't Matter

Jan 31, 2015
Helpful to 88 out of 109 people

I like to carry higher debt on 0% intro APR rate cards with higher credit limits, and then make a single charge on other cards that have higher ARPs and pay them off every month. And yes, staying below the 20% is important. If you've had any of the cards a while and start using them regularly, you can always ask the card company for a credit limit increase. That is a way to carry a larger amount of debt and still be able to keep it below 20%. Just don't spend outside your means, it can be trouble in the long run.

Activity (16 Total Contributions)

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How closing accounts affects your credit health

Jan 31, 2015
Helpful to 7 out of 7 people

If the account is not renewed, the account is closed, and affects your credit no differently than if you had closed the account yourself. Total credit limits drops, average account age drops, credit utilization increases. How much these affect your score depends on the number, age, limites and utilization of all your other card accounts.

Why a Perfect 850 Doesn't Matter

Jan 31, 2015
Helpful to 88 out of 109 people

I like to carry higher debt on 0% intro APR rate cards with higher credit limits, and then make a single charge on other cards that have higher ARPs and pay them off every month. And yes, staying below the 20% is important. If you've had any of the cards a while and start using them regularly, you can always ask the card company for a credit limit increase. That is a way to carry a larger amount of debt and still be able to keep it below 20%. Just don't spend outside your means, it can be trouble in the long run.

How closing accounts affects your credit health

Jan 31, 2015
Helpful to 46 out of 59 people

Besides "closing" an older account, I wouldn't be surprised if creditors wouldn't like getting less interest pay for those last two years you avoided. 

Why a Perfect 850 Doesn't Matter

Jan 31, 2015
Helpful to 47 out of 61 people

You could have asked Cap One for higher credit limits instead of closing them... But getting new cards with into 0% APR is always nice.

Citi® Double Cash Card

May 25, 2016
Helpful to 3 out of 3 people

I never charge more than I can pay off evey month on this card after the intro 0% interest period. And I've made money off of them. I ignore the balance transfer offers they send now, as I never charge enough on any of my cards to need them anyway. Haven't had any problems in the year or so I've had this card, have not had to call except to get a new card when I thought my wallet was stolen (really, I just lost it at home). But I live by the rule that unless there's an emergency, all cards combined should not be charged more than can be paid off in a month. Use them to buy gas and groceries, the stuff you need to buy no matter what, save the cash back towards paying down a future balance or to buy something extra when your reward balance can cover the price.

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