Are you addicted to this forum?

For just about anything you want to get off your chest about credit cards.
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PlatinumAMEX94
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Are you addicted to this forum?

Postby PlatinumAMEX94 » Mon Aug 27, 2012 9:19 am

I wonder how many people visit this forum every day. Who is addicted to this website? Who is addicted to credit?

How many lurkers ARE there? Chime in and let everyone know you are there. I applaud anyone who has a vested interest in their financial well being.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+


agp
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Postby agp » Mon Aug 27, 2012 9:30 am

Hi I'm agp and I am an addict.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

jeffysdad
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Postby jeffysdad » Mon Aug 27, 2012 9:43 am

Yes. Some of the valuable information I've gotten from this forum:

Learned about US Bank Cash+ card, which is going to really boost my cashback through the year.
Learned about the Chase Trifecta. While I don't have Sapphire Preferred, it's still good to know for possible future reference.
Became educated about "chip plus pin."
And I've made $75 from a BCP referral bonus thanks to a fellow user of this site.
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.

Moneytalks
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Postby Moneytalks » Mon Aug 27, 2012 10:27 am

Proud Addict, and occasional lurker :)
Wallet: Amex BCE & Chase Freedom. (Credit Card dieting since 2014)

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djrez4
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Postby djrez4 » Mon Aug 27, 2012 11:28 am

Only been here for a few weeks, but I've already learned plenty. My wife certainly thinks I've gone a little nuts, but she's a follower of the Dave Ramsey cash envelope system and thinks credit is dangerous. When my score rises enough to churn some mileage/rewards cards and get us a free trip somewhere, I think she'll change her tune.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

FutureBillionaire
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Postby FutureBillionaire » Mon Aug 27, 2012 12:06 pm

I'm an addict. I'm on here several times a day. I learn alot, and hope I share valuable info to others too. My credit was in shambles years ago because I did not understand what it was and what it meant to me as an adult. Now, I use credit to make myself some extra money and easily manage all of my expenses. I use credit for 99% of my expenditures now because of this site.

I learned about Amex backdating and all the fantastic rewards cards out there through this site. Like jeffysdad, I found out about the US Bank cash + that will earn me a ton of money.

I'm passionate about teaching young people, particularly people of color, about credit. This site is assisting me in honing my skills.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

craigm1
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Postby craigm1 » Mon Aug 27, 2012 2:12 pm

I Drink the Kool Aid!!!!!!!!!!
Current Cards: American Express:Grandfathered Blue Cash CL 34k member since 89
Chase Freedom CL 7.5k member since 04
Chase Marriot Rewards Premier CL 20k member since 13
Chase Sapphire Preferred CL 25K member since 13
Bank Americard Cash Rewards Signature Visa CL 14k member since 11
Discover Cashback Bonus $10.5k member since 11
US Bank Cash + Signature Visa 19k member since 12
Citibank Thank You Preffered World Mastercard $16.5k member since 14

shoptalk01
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Postby shoptalk01 » Mon Aug 27, 2012 4:00 pm

I think I've been shocked by the fact that not many financial people around here (locally) know how credit works. I keep hearing that we need to stop using credit, cancel all credit cards and use cash only or the more confusing one, only use credit cards in emergencies. What's an emergency? My 52" Sony flat screen is having issues and the Super Bowl is in 2 days!!!!! Help Emergency!

I've learned it's possible to use a combination of the cash and credit system. Okay, putting cash in an envelope or using prepaid cards does nothing to build credit, but it's still good because it sucks getting over your eyeballs in debt. Using credit cards on the other hand is good because they build credit and show a responsible credit history. Here's the kicker, it doesn't matter if you put all your purchases on a credit card each month or if you just make a couple small charges, daily spending don't make it on your credit report just the fact that your account is active and it's in good standing.

Anyone worried about over spending, keep a few credit cards open and in a drawer then just use them for a couple small purchases that are easy to pay off.... $50 shouldn't get anyone in too much trouble then just remember to pay the bill. Keep using the cash envelope system for daily spending. It seems to make sense that one could put cash in envelopes then have another labelled credit card payment. If you must use your card for Internet purchases, rewards, warranty, hotels, car rentals, etc, be sure to only spend what's in the envelope then move the cash to the envelope marked "credit card payment". Now you have the money to pay the bill when it arrives.

My plan is to keep my credit card usage small just enough to keep cards active and reporting positive, easy to pay off and use cash for other things...... I most likely would have just swore off credit cards had it not been for advice I've found on here.

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djrez4
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Postby djrez4 » Mon Aug 27, 2012 4:59 pm

shoptalk01 wrote:My plan is to keep my credit card usage small just enough to keep cards active and reporting positive, easy to pay off and use cash for other things...... I most likely would have just swore off credit cards had it not been for advice I've found on here.


Blasphemer!

I kid. I would have been in your boat about 5 years ago, but I've graduated from paying the banks for the privilege of spending my money to letting them pay me for the same thing. The more I transition my daily spending from cash/debit to credit, the more I receive in rewards. I understand it's not for everyone, but building credit just for the sake of a score seems rather pointless to me. I'm building my credit to reap the benefits of it.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]

[/RIGHT]

FutureBillionaire
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Postby FutureBillionaire » Mon Aug 27, 2012 5:14 pm

djrez4 wrote:Blasphemer!

I kid. I would have been in your boat about 5 years ago, but I've graduated from paying the banks for the privilege of spending my money to letting them pay me for the same thing. The more I transition my daily spending from cash/debit to credit, the more I receive in rewards. I understand it's not for everyone, but building credit just for the sake of a score seems rather pointless to me. I'm building my credit to reap the benefits of it.


I want a high score so I can get money to buy anything I want. I want the rewards too though.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape



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