credit cards

Credit Cards

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14 Responses to Credit Cards

  1. RP says:

    I’m a housewife. I had an average credit score (~650) until a month back and from last month a pretty good score (~750) after getting added as an authorized user in my spouse’s cards. I never worked in USA, and therefore no income from employment. However I have checking and savings account where I and my spouse are joint account holders. I never had a credit card, but now I’m planning to apply for a chase freedom card. I’m wondering if I’ll be eligible for a regular CC. If yes, what should I be putting as ‘Gross Annual Income’ and ‘Source of Income’ in the online application.

    • You should be eligible, as long as you have no negative items on your report (e.g late payments). You can put your combined income down (e.g your spouses), I’m unsure what the best practice is for source of income. Sorry!

  2. Cos says:

    i am a retiree who resides outside the u.s. and neglected my credit for a while anyway i maintain a saving, 2 checking accounts,a secured credit card at Bank America and a unsecured cc at Premier Bank both banks are paid on time and my average credit is 690 I intend to return to the U S so I apply to Chase Bank in addition my income is approximately $60000.00 annually . What I am scared of is if I am denied my score will drop and I am trying to build my score for over a year , do you have any suggestions

  3. Andy says:

    I’d love to sign up for credit cards through your affiliate links, but don’t see any. Hope you will get them online soon.

  4. Baaarbara Brown says:

    I have a BPchase Visa card. Why can I no longer view my statements on my computer?

    • A B White-Covington says:

      I have a BP Chase Credit card. I have paid my bill on line always. I wish to continue to pay on line but I am unable to determine what the procedure is. Please advise.



  6. John says:

    My wife and I have a pretty simple goal– to earn a “free” travel for our family of four once a year. So far, we have obtained a Target Prepaid card and an Ink Plus, but I wouldn’t say we’re that successful in utilizing these cards. To be honest, just trying to get purchase GCs from Staples & Office Depots and load them on our Redbird has been stressful (so we can pay our high monthly mortgage).

    Both of us have excellent FICO scores (800+). Anyway, can you outline a simple strategy for us? We are thinking of getting a couple of SWA cards so we can begin to make an attempt at the companion passes, but unsure of the timing. We also came across your article on the BofA’s TravelRewards card… Would this card lower the stress of maximizing our spending? Finally, since our biggest spending is our mortgage, we really like to utilize “Plastiq” (especially now there’s a promotion going on)…but it sounds like we need an Amex or a MasterCard, which we don’t have… So another headache is trying to figure out what Amex/MasterCard to get. Anyway, it seems a bit overwhelming, and we really need a strategy.

    Can you help?

    • Hi John, to give any advice you really need to have a clearer goal that just travelling for free. I don’t think the Travel Rewards card would make sense at all though, it’s basically a cash back card with low earning rates.

  7. Amit says:

    my credit score (fico) fluctuates between 720-780.
    I applied for two credit cards 4 months back and just applied for two more. How many credit cards is too many in a 3 month period/ 1 year period.

  8. Jay says:

    How long after cancelling a card would you recommend waiting to reapply if you are within the timeframe of not receiving the bonus in the last 24 months?


  9. Bill says:

    My credit score used to be good, in the 750 range. But since this summer, when I borrowed money from a line of credit and also got 3/4 new credit cards for the signup bonus, which also coincided with my student loan becoming due and added to my credit history, the score has dropped to 680, and a new card application was refused because “high utilization”. I start to realize it’s time I did something to improve my credit profile now. I never carry balance on the credit cards, but the student loan is on a monthly installment payment plan. Line of credit is outstanding but will be paid back. Another thing I want to do is to get rid of 3 cards I won’t use often and will start charging annual fees. 2 are Amex charge cards and one is a bank issued VISA. Should I simply cancel them, or should I just convert them to non-annual fee cards to keep the accounts? All of them are less than 1 year old. Which method will be better for my credit score?

    Thanks doc!

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