/David's Class Room

Looking for those posts that Dave posted in the group you just can’t fine. Well here they are. A one-stop collection of Dave’s Credit Rants in the Credit Warriors Facebook Group. All posts are posted here to allow you to go back and read them.

Credit Score Influence of High Utilization on One Single Card and Statement Balance on Many Cards

2018-09-18T13:46:50+00:00September 20th, 2018|David's Class Room, Maintaining Credit|

It is very easy to see that more credit cards with balance statement will not cause too much influence. Even if you have been influenced by new accounts reported at the same time, you will only lose several credit scores in total. Certainly, only less than half of credit cards have balance statements in my test.

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What Exactly Is Pre-Approved Offer?

2018-09-18T13:14:48+00:00September 19th, 2018|Beginner's Guide, Credit Cards 101, David's Class Room|

Everyone must have received some letters from your mailbox, like “You’re pre-selected to XXX card”, and some of you may be recommended to figure out whether you have received an pre-qualified offer on one bank’s website before applying for a card. Most of us are likely to think that application for a card can be guaranteed with one pre-approved card. Is it so easy? Today we will tell you what’s a Pre-approved offer is in great details.

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Free Experian FICO score: Credit Scorecard by Discover

2018-09-18T13:35:57+00:00September 18th, 2018|Beginner's Guide, Credit Score 101, David's Class Room|

Based on these advantages, I strongly recommend all readers to register for it: https://www.creditscorecard.com/registration, and use that score to report data points! This website is a independent website from Discover, you can’t use your username and password for Discover credit cards to login, you need to register first.

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Credit Card Application Restrictions – Capital One

2018-09-18T12:45:24+00:00September 18th, 2018|David's Class Room|

Unlike most of the others on this list, Capital One does restrict the number of personal cards you have in your wallet to two. As a result, if you have the Capital One Savor Cash Rewards Credit Card and the Capital One Quicksilver Card, you won’t be able to open the Capital One Venture Rewards Credit Card if you want to take advantage of that card’s 10x miles on Hotels.com purchases and new Global Entry/TSA PreCheck fee credit.

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Credit Card Application Restrictions – American Express

2018-09-18T12:23:28+00:00September 18th, 2018|Credit Repair Tips, David's Class Room|

There’s a general rule of thumb with American Express when it comes to how many credit cards you can have in your name. The vast majority of reports in the last year indicate that you’re allowed to have a total of five Amex credit cards (like the Starwood Preferred Guest® Credit Card from American Express) open at any one time.

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