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* * * * * 5 votes

Free Amazon Prime for your credit tips

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116 replies to this topic

#1 Pam


    Site Owner

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Posted 02 August 2015 - 06:52 PM

We have a very generous member (NoPresetSnarkLimit) who wants to give you free stuff!


Tons of great info here on CB, let's turn your helpfulness and knowledge into a free year of Amazon Prime!

Rules: The winner will be selected by post number in this thread, post as many times as you wish with as many credit tips as you wish. Total post count of the thread at the contest expiration date will be entered into a random number generator as well as two backups in case the winning post number doesn't include a credit tip. (For all you off-topic posters)   :grin:

Tips: From advanced techniques to credit 101, share them here to be eligible to win. Try not to duplicate tips posted by others (this means you should read all the tips posted ahead of you) but a duplicate does not prevent you from winning.

Sample tip: You can freeze your credit reports to prevent unauthorized access to anyone attempting to open an account in your name.
Sample tip: AAoA stands for Average Age of Accounts
Sample tip: Some creditors are stingy with CLI's and you may be better off opening a new account with them and combining limits.

The winner will receive a PM with a redemption code for one year of Amazon Prime, please note, it doesn't matter if you are new to Amazon or already have a membership, the redemption will "stack" on top of your current membership. Must redeem by August 20, 2015.

Duration: The contest will end on August 16th at 6 PM CST but your tips will live forever on this thread. 

Exclusions: Must have 25 posts (by contest end date) to be eligible for prize. Winning post number must include a valid credit tip. If your tip is nonsense, generally considered untrue, or potentially harmful to others you can not win. Any debate on acceptability of the winning tip shall be decided by CB Admin.

Please join this contest in the spirit in which it is intended; to share your knowledge, help others, and win a prize. Don't make extra work for the Mods by bickering but please feel free to correct any bad tips you see and don't post the same tip over and over 100 times just to increase your odds of winning.

Get ready, get set, get tipping!

#2 NoPresetSnarkLimit

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Posted 02 August 2015 - 07:14 PM

Self declared ineligible for prize

CK scores do NOT directly correlate with Fico scores

#3 hawaiigirl

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Posted 02 August 2015 - 07:16 PM

Have a strategy and reason for the cards you get....especially if they're via SCT. Then, have a very, very, very good reason why.


PS... what a great thread idea as well as an incredibly generous gesture!

Edited by hawaiigirl, 02 August 2015 - 07:17 PM.

#4 stroked89coupe


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Posted 02 August 2015 - 07:30 PM

Come on CB'rs!!!

#5 oOghostOo

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Posted 02 August 2015 - 07:48 PM

Only let one revolving credit account report a $2 balance each month to maximize your fico score.

#6 phoenixisrising

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Posted 02 August 2015 - 08:10 PM

Student loans do affect your credit score. Ex: a deferred student loan for $3,000 will be viewed as a $3,000 credit line AND maxed. Your score will lower even further if you don't pay the interest and it EXCEEDS the supposed credit line. Ex above $3,000 loan plus interest $3,200. You will be scored according to going over your limit. Whille, deferring might be ok with some school loans, your credit report is a whole different animal. So at least pay your interest while in school.

#7 dcowboy08

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Posted 02 August 2015 - 08:13 PM

Credit is a marathon, not a sprint. Work smarter.

#8 BRBiz

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Posted 02 August 2015 - 08:27 PM

Always use cash!

#9 Jordan0542

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Posted 02 August 2015 - 08:28 PM

Know whether you are getting Fico scores or Fako scores. If it isn't a Fico it means nothing. No matter what any says, they are not reliable.

#10 Jordan0542

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Posted 02 August 2015 - 08:30 PM

If you haven't read the pinned topics you are way behind the 8 ball. Even the older ones contain a wealth of knowledge.

#11 ProcessServer

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Posted 02 August 2015 - 08:31 PM

Don't get high on your own supply.

#12 nateinva


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Posted 02 August 2015 - 08:32 PM

Portfolio diversity is extremely valuable as you are building/rebuilding.

You never know when something may happen with a lender to cause you to lose the ability to use your card. I always carry a card from at least 3 different issuers in my wallet at any given time.

Certain issuers also have promos and it's nice to have a variety of cards to take advantage of these offers.

US Bank for example has recently had statement credit offers just for adding your card to Visa Checkout.

I added my Kroger Rewards card for a free $10 then DW linked hers a few weeks later under a separate promo for a free $20. That's just one small example for doing nothing. I've otherwise never used the card due to its low credit limit and poor rewards compared to my other cards.

Also in the event that you do need to carry a balance, having a variety of accounts typically leads to an influx of balance transfer offers...forever going forward.

#13 IndyPoolPlayer

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Posted 02 August 2015 - 09:16 PM

When doing a snowball - pick off the small balances first, then hit the highest APR balances.

#14 IndyPoolPlayer

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Posted 02 August 2015 - 09:24 PM

The time interval for American Express CLIs after the initial 61 day CLI is 181 days


There is not a hard set number for American Express to request a 4506T prior to CLI

#15 LakersFan

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Posted 02 August 2015 - 09:33 PM

A great thread to follow when rebuilding is Konrads - https://creditboards...opic=542114&hl=


It's all about quality instead of quantity.

#16 xelda

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Posted 02 August 2015 - 09:53 PM

Do your research before applying for credit.  Check the CreditPulls database to get a sense of what is required for approval.  And search CB threads for tips BEFORE you apply, not after.

#17 IndyPoolPlayer

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Posted 02 August 2015 - 10:17 PM

There used to be a method to "remove" hard inquiries from EQ and TU credit reports known as "bumping" or "B*" taking advantage of a system overflow flaw with soft inquiries. This no longer works as daily self-monitoring services were recoded and no longer accumulate as soft inquiries.

#18 xelda

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Posted 02 August 2015 - 10:24 PM

You can get your free monthly FICO score from some lenders, merely by being their customer.  Check this thread for the most recent list.

#19 xelda

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Posted 02 August 2015 - 10:32 PM

If you don't like one of your credits cards, consider calling the bank and asking for a product change to a different credit card program.  This will save you from closing an account and opening a new one with the same bank.

#20 mrjuggalo9er


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Posted 02 August 2015 - 11:47 PM

if you are going to get into manufactured spending...never have more tied up at one time than you can afford to lose or have tied up for a considerable sum of time

#21 phoenixisrising

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Posted 02 August 2015 - 11:58 PM

If you receive a summons, make sure you submit your answer to the courts within the timeframe specified on the summons. They say around 90% are won by creditors for the simple fact that people don't submit their answers in the allowed timeframe. Failure to do so will cause a judgement against you. A default judgement that will include attorney, court, and interest fees. And don't forget, they can also put a lien on your assets I.e. Bank, house, car, boat, whatever you own or partially own.

Edited by phoenixisrising, 03 August 2015 - 12:00 AM.



    Forum Leads - State Laws

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Posted 03 August 2015 - 12:18 AM


#23 NoPresetSnarkLimit

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Posted 03 August 2015 - 03:10 AM

Ineligible to win post

Closing a positive tradeline credit card that has no annual fee because you're mad at the CC company because of a paltry or no credit limit increase doesn't teach them a lesson and doesn't help you long term, call EO.

#24 bigpoppa09

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Posted 03 August 2015 - 05:35 AM

dont go and apply for a amex just because u logged into your creditkarma account and they recommened the bce card based on your scores news flash does ck know amex pulls EX.                                                                      so just dont do it :wave:  

#25 TampaDude

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Posted 03 August 2015 - 08:04 AM

Never pay a CA or JDB without first validating the debt.  Most of them can't or won't validate.

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