Credit increases

Debit card is all I have used for 18 years now. Yes I have had my #s stolen 4 or 5 times now! Not a problem with chase . So far !?! At gas pumps I say credit and use my zip code.

 

Yep. It took a transaction denial and a lower approval amount to blow the lid off of my AmEx business account. Have no idea what the limit is now. What's it take to get a black card?

 

Whycome 2 cards? What’s the extra benefit? Helps credit score?

 

A lot. To keep it is even harder.

 

Just keep the Delta AMEX

Don’t worry about
The other crumbs

The
Miles and the companion flight
Are the shit, plus car insurance and lounge access.

 

I thought it was something like an average of 200-250k a month.

 

Yes, but also not every location accepts Amex. Or Discover.

Also different accounts can help you separate work/personal or personal/hobby.

 

I've been doing the points thing for a few years now. I watched a few videos from "The Points Guy" and someone else showing how they fly for free. You gotta stay pretty disciplined with the cards, but its worth it in the end.

 

I think it's funny that he's posted this.
The maximum is 850.

Sorry, Broome, I've got 820 according to my last Discover card statement.
You aren't winning....

 

It is not a bad thing.

 

If you end up getting a 2nd card and stop using the AMEX, they'll probably raise your limit again to entice you to start using it or transfer your balance.

Did you get a points bonus with the AMEX Delta Reserve? If not, make sure your next card offers a 60k or more points bonus, and can transfer points to your airline of choice.

 

Credit karma is not a true FICO score. It is free and ok to track your accts though.

 

FICO algorithms want to see 3 credit cards, a mortgage, and an installment loan of sorts for maximum scoring.

Keeping overall CC utilization under 9% is key for scoring, and obviously not an issue for you. You should however, carry a small balance on 1 CC. A $5 balance will boost your score.

Since you're new to CC's, you will have a short history and your AAoA will be low. The more accts you add, the lower your AAoA.
But time will fix that. Time fixes almost everything in the credit game.

 

I'm with Broome, I haven't had a credit card in ten years and my credit score is 800 just like his. Why the fuck do I need anything more than that? What prize do you get for having an 800+ credit score?

 

The same prize you get for beating the guy on the elliptical next to you ... that doesn’t know you’re racing.

 

I only read the OP, so excuse the redundance.

No financial institution wants to create bad debts for itself. If you get thrown into jail because you don't have money to pay off your debt the bank doesn't gain anything. They have algorithms; they run your numbers through them and if you seem like someone who could increase his credit spending (technically using the bank's money) with a high probability of paying it back on time OR a LITTLE late then they increase the limit.

Institutions give high credit limits to those who can pay it off, not to people who will borrow the money and never be able to pay it back. So if anything this will improve, or worst case scenario, not affect your credit rating.

 

Better APR if/ when you want/need to borrow money. Buy a new house, buy a new car, etc.
Truth is everything above 800 is ball tub and finger in your butthole while you get a handjob. Doesn't matter but it doesn't totally suck.

 

Which one do you have? I've had the platinum for a while but now that i'm not hitting diamond every year i'm thinking about getting the select card for the free lounge access. I think it's $450 a year for the card though.

 

Dude, after college my shit was down way under 600. I had hell getting it back.

I’ve never seen anywhere near 850. At one point it was almost 820, then it took a big hit when I got this card. But it’s going back up now.

 

Chris, why two? Rick mentioned one reason (just in case some place does not take amex) but also so you can negotiate better deals on some things (watches for example) and also just as an insurance policy. There's also the perks you can get if you shop around.

You don't need a black card but there are some real good perks and freebies you can snag with the right card for your world.