jfriend33 wrote:I just dont see why people arent entitled to their opinions. We dont have to take arguments to such extremes and play battleship. I really miss kdms and a few others input at myfico. I despise seeing non stop extreme behavior.
And I have to admit....I mean yeah, my credit score has improved dramatically because of it....but Cheese And Rice, I have 25 inquiries and two wallets full of freaking credit cards. That is WAY too many, was kinda stupid on my part to continue as I did. SHIP SUNK! Should just have something like 1 amex credit card, 86 the charge card since their credit card has that built in anyway, 1 discover, 1 WMC, and 1 VS, burn the rest....BUT then I wouldnt have so many bonuses.
As far as some of the younger members there, I think that it is amazing. I think I am a little jealous because if I was their age and that zealous, would I be a millionaire, no, but I would have even higher scores and better credit file. I don't think any of Monos cards are bunk/bogus. He has the income, is/was AU on some good cards...and basically distilled every great piece of info on myfico into a select few cards, approved for them at great limits. Its not completely out of the ordinary to get such high limits either, especially at an institution that has checking/savings....
Please dont forget about us KDM, hopefully you will come back one day! :-)
I may browse and make occasional posts (well, when I can, next month), but I don't think I'm really welcome around there as a regular because of the way they operate. It is what it is. I doubt I'll disappear completely, more out of habit than anything else lol, but I won't be as active as I used to be.
I just take every approval story on there with a grain of salt. Whether they are true or not at the end of the day doesn't really matter, but it could give newbies the wrong impression (18 year olds browsing thinking they will get 16k AARP cards with no trouble - very unlikely). Just keep in mind it's the Internet and people can say whatever they want. Doesn't make it true. I have no doubt some of them exaggerate to fit in with the crowd. If it makes them happy so be it. Just don't put too much stock in it or give them too much credit for things that may not be true.
I think when many people first join myfico and/or discover a bunch of new cards, there's a honeymoon period. We apply for a bunch of cards for 3% on this, 3% on that, etc and before you know it you have a dozen or two dozen cards. In most spend situations, it's simply not going to get you any kind of meaningful rewards, and each and every account is on your report for ten years even if it's closed after a short period. It pays to be cautious and limit opening accounts to accounts that you really want long term. That's what I'm doing in 2016 and thereafter. I am not going to chase an extra 1% on something anymore. I will open an account if it has a huge benefit, but since I prefer cash back, that's unlikely. There's only so much cash back banks can give out, and I think 2% on everything is the most we will see. Of course, that's just my opinion and there are plenty who disagree with it.
Remember, your point goes both ways: why CAN'T we all just have our opinions? I agree that perhaps it's silly for me to get into some of the arguments I did on there in the past, but on MF, it's frowned upon to have a dissenting voice. Anyone who disagrees with the mainstream on there is not really welcome.