Any of you guys have big credit card balances

[jjgold]

When you have bad credit, you can’t get a lot, which is good for me

 

[2the9s]

Please stop.

 

[flyingillini]

Yes. I live my life on revolving credit. Nothing but moving balances from card to card , I’m maxed out to the limits.

 

[BobbyFK]

Please stop.

 

[BobbyFK]

Yes unfortunately I do. Thankfully I have good credit so I get 0% APR offers pretty frequently which help save money on interest

 

[djefferis]

Large is a relative term.

It is like saying your a “big” bettor - to the guy working for $14 an hour - a $500 bettor is big bets…to many it’s rec play.

Carry a balance - but I’m at below 20 percent utilization and my balances are on my interest free cards and credit union cards - the Delta Premier gets paid in full monthly as does the hotel rewards card. It’s nice never paying for flights/vacations because of the free points. When I traveled for work - the balances I ran up were great. Still got a few hundred thousand points banked.

 

[djefferis]

Always a sucker willing to extend credit and always a taker - it’s just the cost.

 

[BMR Genie]

It's okay to have a big pending balance for as long as you can manage to pay it.

 

[BobbyFK]

It's okay to have a big pending balance for as long as you can manage to pay it.

And hopefully not get charged interest along the way

 

[BMR Genie]

And hopefully not get charged interest along the way

Exactly!

 

[keithrichard]

I put everything on my credit cards and never carry a balance. Pay off every month.

 

[BMR Genie]

I put everything on my credit cards and never carry a balance. Pay off every month.

A responsible credit card holder. Salute, Keith!

 

[JDS]

Yes unfortunately I do. Thankfully I have good credit so I get 0% APR offers pretty frequently which help save money on interest

How much credit card debt you have Bobby ? Currently I have zero I’m all cash money baby .

 

[JDS]

I put everything on my credit cards and never carry a balance. Pay off every month.

I never actually tried this. I should do this to help build my credit because my credit score is not so good even though currently I don’t have any debt.

 

[keithrichard]

I never actually tried this. I should do this to help build my credit because my credit score is not so good even though currently I don’t have any debt.

My credit score was actually quite bad a few years ago as I had a lot of credit card debt. After I paid it all off I used strictly cash to pay everything for many years but credit remained bad of course. Now I have excellent credit and no debt. It didn't take long at all surprisingly.

 

[BobbyFK]

I never actually tried this. I should do this to help build my credit because my credit score is not so good even though currently I don’t have any debt.

You could do or if there's someone you trust that has a high credit score you can ask them if they can add you as an authorized user on the account. You would never actually get the physical card but it would overall help your credit score

 

[BobbyFK]

How much credit card debt you have Bobby ? Currently I have zero I’m all cash money baby .

Probably 2-3K total. Not including my car

 

[JDS]

Probably 2-3K total. Not including my car

Yeah that’s not bad at all actually.

 

[JDS]

You could do or if there's someone you trust that has a high credit score you can ask them if they can add you as an authorized user on the account. You would never actually get the physical card but it would overall help your credit score

Now that’s a great +EV idea Bobby appreciate the suggestion.

 

[BigJay]

I put everything on my credit cards and never carry a balance. Pay off every month.

This is what I do KR.

I have a cash back rewards Discover card I use for almost all purchases and I pay it off in full at the end of each month.

I do, however, keep cash in my wallet. I usually have about 10-12 $5’s, a few $10’s and about $10 worth of $1’s for tipping.