<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > My Credit Card

My Credit Card

August 19th, 2011 at 01:00 pm

I wrote a couple of weeks ago about getting a new credit card. The main reason for the new card was to transfer my very high (16.99% APR) rate card to take advantage of the 6 mo. introductory 0% rate.

I've started using the card. Thin ice - I know. But, I'm resticting purchases to gas, groceries, and work items for which I will get reimbursed. I will pay off all purchases each month plus the predetermined amount to pay off the transferred amount over the time-frame I've set up.

The reason I'm using the card is so that it will remain active, and help boost my credit score for credit utilization.

So, I'm using a credit card again, after a three-year fast. We'll see if I can discipline myself this time. I think the chances are pretty good.

Posted in Credit Cards | 2 Comments »

2 Responses to “My Credit Card”

  1. ZenQueen Says:
    August 19th, 2011 at 03:57 pm 1313769435
    1313769435

    Three years is a long time to set up a good habit. The odds that you will be disciplined are good. This can be a model for myself as well.

    Good luck to you; I hope it works out.

  2. Jerry Says:
    August 19th, 2011 at 07:18 pm 1313781533
    1313781533

    Three years without a card is cool, especially if this experience leads you to the better choices that will be your insurance of an improved credit rating. You can do it! Make sure that they are all reimbursed expenses and you will be all set. Good luck!
    Jerry

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]