- Centurion Member
- Posts: 188
- Joined: Tue Jan 10, 2012 7:11 pm
- Location: New York, NY
Your thought process is good. Use the card for odds and ends and pay it off every month. I believe your utilization will be a minor concern if you pay it off every month, but I am not certain of that.
Sidebar: beware that Dell charges a ridiculous interest rate even if your credit rating is high. My niece applied for DFS (that's what they call their in-house credit) and she had a score in the high 700s. They still hit her with a 29% interest rate. However, it should be noted that if you do go with their credit line and your purchase is at least $500 (I think) and you pay it off in six months you won't incur any interest charges.
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).