- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
I've been using credit cards for more than 25 years and during that time have open and closed dozens of accounts. I've never paid late or missed a payment.
I got myself in debt up to my eyeballs and then got myself all the way out, all by myself.
Whenever I've had a legitimate error on a credit card statement, it's been swiftly corrected by the issuing bank. The few instances of fraud that I've experienced were detected immediately by the issuing bank and dealt with quickly at no cost and almost no inconvenience to myself.
When I used to carry a cc balance, I paid hundreds in interest (probably, maybe $1,000s), but I've never paid any kind of cc penalty. Now that I don't carry a balance and optimize cashback options, I've made back from the cc issuers more than I ever paid in interest.
The only cc "problems" I can recall experiencing are instances of bad customer service from telephone reps. When that's been a chronic issue in the past I've just closed the account and opened another.
I've never worried about my credit score or tried to do anything that would raise it. It's somewhere in the high 700s now and has been above 800 in the past. At no point has it ever been less than what would be considered "very good."
If you can manage a debit card account, there is no reason why you can't manage a credit card account. I think you might be over-thinking this and making it harder than it needs to be.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.