- Centurion Member
- Posts: 188
- Joined: Tue Jan 10, 2012 7:11 pm
- Location: New York, NY
Congratulations on your first card. Use it judiciously. Pay it off every month. If you can't pay it all off, pay off MOST of it. You probably have a high interest rate, so paying off most of it (if you can't pay all of it) will save you money. Don't max it out. Actually, I have heard that you should never pay with credit if you can't pay with cash, but where is the "fun" in that? If you can't pay it completely off, always pay MORE than the minimum payment.
As far as how they work, Discover has essentially given you an ongoing $1,000.00 loan. Show them that you are responsible and pay it back when you "borrow" on it.
Cards and Credit lines Acquired:
Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).