Salted caramel mate herbal & black tea on deck.
I have some extra money so I said fuck it and just put deposits on a $500 Discover It secured credit card and a $500 Capital One platinum secured MasterCard. I have no credit history... which is just as bad as having bad credit apparently lol. But I didn't get denied for either surprisingly. Think I'll put my Internet and Phone bill on autopay on the capital one card and have it autopay from my bank each month too; use the Discover It card for buying gas then pay it myself. Or maybe put the phone bill on one, internet on the other, and that's it. I'm not sure what would build credit the fastest.
Anyone know a lot about credit? I keep seeing varying advice. I know for sure it's not good to pay it in full until you get your monthly statement, and it's not good to max it out. To pay in full each month because if you're carrying a balance and paying interest you're throwing money away and I don't think that it's helpful for building credit; it may even be detrimental. I see some people say you build credit fastest by not exceeding 10% of the card maximum amount, some people say 20%, and have also seen suggestions that you can go up to 40% each before it starts to lower your credit after awhile. I don't know... I guess I'll find out in the coming months.
I have some extra money so I said fuck it and just put deposits on a $500 Discover It secured credit card and a $500 Capital One platinum secured MasterCard. I have no credit history... which is just as bad as having bad credit apparently lol. But I didn't get denied for either surprisingly. Think I'll put my Internet and Phone bill on autopay on the capital one card and have it autopay from my bank each month too; use the Discover It card for buying gas then pay it myself. Or maybe put the phone bill on one, internet on the other, and that's it. I'm not sure what would build credit the fastest.
Anyone know a lot about credit? I keep seeing varying advice. I know for sure it's not good to pay it in full until you get your monthly statement, and it's not good to max it out. To pay in full each month because if you're carrying a balance and paying interest you're throwing money away and I don't think that it's helpful for building credit; it may even be detrimental. I see some people say you build credit fastest by not exceeding 10% of the card maximum amount, some people say 20%, and have also seen suggestions that you can go up to 40% each before it starts to lower your credit after awhile. I don't know... I guess I'll find out in the coming months.
Props:
InfamousICON
