Lets talk credit and credit cards

SeaSnake said:
Man my credit score took a dip because of a missed payment and it was very small
Payment that I’m two months behind. Shit just blew me cuz they hit me for 80 points
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80 points is wild. Type of shit that makes you want to turn your back on society and just live off grid. 😭

This made me check mine, and it went down a couple points because my utilization went from 5% to 13%. 🫠
 
Finally sat down a few months back and looked at my credit. Got a couple cards that I carried balances on and i realized it was kinda dumb making 3 separate payments. Looked specifically at my APRs and they all were damn near 30%. Got a loan and consolidated them for about 12 points lower. Still not great but better than getting hoed for 28%. Making 1 payment with ok interest>>>>>>>3 payments higher interest
 
Think I have close to $800-900 worth of points on my chase sapphire card. The points are increased by 1.5 times if I book travel through chase. I recently used it on a hotel room for a night. I usually just use my points on long flights. It will probably be depleted on this Ghana trip coming up. Since that is the only card I use for all purchases and some bills, I rack up points quick.
 
Golan said:
80 points is wild. Type of shit that makes you want to turn your back on society and just live off grid. 😭

This made me check mine, and it went down a couple points because my utilization went from 5% to 13%. 🫠
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lol I was at 749. An I should’ve realized I had a one point dip in December but didn’t know it was for a late payment. And the payment it like 6 dollars so easy to forget

I just wish when you paid something off it jumps right back up the next day
 
shutupGabi said:
Finally sat down a few months back and looked at my credit. Got a couple cards that I carried balances on and i realized it was kinda dumb making 3 separate payments. Looked specifically at my APRs and they all were damn near 30%. Got a loan and consolidated them for about 12 points lower. Still not great but better than getting hoed for 28%. Making 1 payment with ok interest>>>>>>>3 payments higher interest
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I was in this similar situation and just got a card that could transfer the balances to with zero apr for a year.
The thing is that of you can pay it down you'll be good if not you'll have to switch to a fifteenth card that may offer 3,6,9 months no apr.

*different *
 
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Banginscrew901 said:
I was in this similar situation and just got a card that could transfer the balances to with zero apr for a year.
The thing is that of you can pay it down you'll be good if not you'll have to switch to a fifteenth card that may offer 3,6,9 months no apr.

*different *
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See I was gon do a balance transfer but since all my APRs were similar I didn't feel like it was a benefit. There was less than 5 points difference between the 3
 
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I’m getting there

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