Thread: Money How does one get credit?
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Old 06-20-2013, 04:24 PM   #172
R8RFAN R8RFAN is offline
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Join Date: Sep 2001
Location: North Carolina
Casino cash: $13344
Ok I am bringing this back to life hopefully to help someone else trying to get their credit up... In a little over 2.5 months I got 3 credit cards

Bank of America Rewards 1500 limit
Discover It 4000 limit
and Chase/ Amazon Visa 4000 limit

First month my credit score actually went down because I put all my gas, groceries and eating out on the BOA card and actually had 1522.00 bucks on it after a month for a 101% utilization.. This is not good even though I paid it off in full on time.. You should not max out a CC even if you pay it off as it will hurt your score... I found a way around this..
Make multiple payments per month to keep the balance low and it improves your score..

Bank of America pays 3% back on gas, 2% on groceries and 1% for everything else (I use this one now for nothing but gas)
Chase pays 2% back on groceries and restaurants and 1% on everything else(I use this one for groceries)
Discover it Pays 5% on rotating categories (until 07/1 it pays 5% on home improvements after July 1 it will pay 5% on Gas)

It's working out good Credit Karma is reporting my score is now 81% higher than the rest of the users of the site...

Hope this helps someone who does not know this info.
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