Submitted by [deleted] t3_yhvbah in personalfinance
[deleted]
Submitted by [deleted] t3_yhvbah in personalfinance
[deleted]
[deleted]
Building credit is free. Set your credit cards to auto pay full statement balance and use them where you’d use your debit card or cash.
No, credit building is easy. You don’t need to play stupid games
Using your credit card doesn't build credit
You need to check to see if they’re coded as a cash advance.
If anything you may rack up a higher utilization which works adversely
[removed]
No, you don't even have to use your credit cards to build credit. In fact the less you spend, the lower your balance, the higher your credit scores.
For the best possible scores just spend $5 a month on one card, and let the others sit with $0 balance.
Doubtful, as the probably looks like a “return”, not you making a payment. If so, it’s like it never happened.
You can simply get a secured credit card from your bank. Secured, meaning that the card amount is backed by monies you currently have saved in that bank. Use the card for everyday purchases, then pay off the balance monthly, prior to interest charges hitting. By charging monthly, paying on time and clearing your balance monthly, this should help to improve your credit score.
Basically, paying all your bills on time and paying down your overall debt, should improve your credit score as well. Another basic rule should be, to pay more than your minimum payments on all credit cards monthly, especially if you are not able to payoff the entire balance monthly.
[deleted]
Fanduel and draftkings don't have withdrawal fees. Thanks for your feedback
They might have payment fees for CC purchases
No fees for credit card deposits on both platforms
I find it unlikely that you can make as many deposits as you want and get CC rewards with 0 fees. But whatever. Good luck.
They treat it as cash advances, not as a credit card charge.
u/ShimonaLisa, Its-a-write-off is correct.
As a cash advance:
So, what you're proposing isn't really a good idea, and it's definitely not going to be "free."
DeluxeXL t1_iufuszw wrote
No.
Just use credit card for purchases you have to make anyway, like food and gas, and always pay your CC bills in full and on time.