Spill the tea 🫖

Tips & Ideas to help with credit and credit cards.

cvega

9/7/20232 min leer

Credit is like my Goliath and David !!!

What is your credit worth and score ? Things I recommend to help keep and maintain great progress.

autopay (Bank, Balance Transfers)
explaining credit karma app and Experian app
due diligence
first credit cards to get are balance transfer credit cards(0 annual fees)(convenience fees)
have at least 21 mix accounts
run credit every 2 years in order to have no inquiries since they fall 2 years, be mindful this lowers history or years
Lock 🔒 credit with Lock and Alert app
transunion app

Defenitions to think of when trying to flex 💪🏻 your credit

Exercise - activity requiring physical effort, carried out to sustain or improve health and fitness.

As you exercise your credit you will notice making better decisions as you learn and grow your resources.

Credit worth - the total wealth of an individual, company, or household, taking account of all financial assets and liabilities.

What is your overall credit limits throughout all credit cards, this sets your credit worth.

Fear - an unpleasant emotion caused by the belief that someone or something is dangerous, likely to cause pain, or a threat.

Balance Transfer Credit Cards

It’s like preparing for an interview

First credit cards to open, 0 annual, 0int introductory for the longest amount available.
Find out which credit Card with annual fees , benefit or not? Depends on using existing credit card to receive extreme benefits.
Verify which cards give you the highest cash back for purchases you are already making, ie subscriptions, apple pay and anything recurring monthly or yearly. American Express gives 6%
Some credit cards don’t like to see many inquiries unless they are current within the month, they will know you are establishing relationships. Apply for the prestige cards you want most so they see no inquiry, move on to the next cards in line.
We need 21+ credit cards to have good status in green per credit karma.
To add history to your credit, you can ask someone you trust to add you to an older credit card they have. Instantly you gained added history!

Ways to boost credit!

www.my.equifax.com to dispute and remove negative items impacting your score negatively. You can find this link through the credit karma app when you dispute with equifax.
talk to someone you trust to add you to older less than 30% use cards in order to acquire the 21 accounts needed to achieve excellent level on your credit karma app.
Download Experian app and it allows you to do a credit boost with utility bills under your name.
Things to keep in mind. Credit worth is just as valuable as an 800 score. Once you achieve what you want from your credit it’s time to use it for its full potential. Always keep an open mind when your score drops and if needed try and figure what you can do to boost once more. Maybe limit increases from credit cards not in use.
Every 6 months you can ask for an increase or they will also do it.
Accounts become dormant if not in use for 6 months.

Insurance & miscellaneous: