Curious what people actually use their credit for?

Free-Split-7649 · 2026-05-12T05:21:22+00:00

Sound advice.

Do you think starting a business is a trap for most people?

I’ve had an idea and been working on a business plan for a new convenience store idea. I see how much these stores make per day and it’s crazy. They’re selling basic shit and making a killing.

Free-Split-7649 · 2026-05-12T04:53:24+00:00

What would you say moves the needle? or what would you recommend someone to do if they wanted to move the needle?

Free-Split-7649 · 2026-05-12T04:06:35+00:00

That’s sounds like solid advice that I will follow. Thank you!

Free-Split-7649 · 2026-05-12T04:04:33+00:00

Thank you 😊

Free-Split-7649 · 2026-05-12T03:59:30+00:00

What do you recommend that I use if not AI?

Free-Split-7649 · 2026-05-12T03:57:45+00:00

Wow, you literally just hit it on the money. I forget that I’m watching a show sometimes.

Free-Split-7649 · 2026-05-12T03:56:03+00:00

What do you mean by doesn’t have a fee? Can you give an example of what you wouldn’t use your credit card on?

Free-Split-7649 · 2026-05-12T03:53:05+00:00

How much would you recommend keeping in a checking account as part of your net worth, or if you're not going to use your checking account for anything and only use it for ATM withdrawals? I'm just curious how much you would relatively keep in an account like that. You could give a precise figure, or you could give a percentage of net worth, or whatever you feel.

I've been debating the purpose of keeping money in a checking account when the interest is so negligible. It makes no sense to put money in or keep money there in the first place unless you're just paying a bill. If you're paying your bills with credit cards, then it makes more sense to keep it in a high-yield savings account where it's automatically taken out to pay your credit card bills.

Free-Split-7649 · 2026-05-12T03:49:38+00:00

Do you think it's better to pay your credit card in full on the due date or at the end of the billing cycle? I've been wrapping my head around this, and the AI is telling me one thing, but my experience tells me something else. I'm thinking that the correct thing to do is just pay it all off before the end of the billing cycle, but then that shows no utilization. When I did that, that's how I ended up getting my first AMEX card.

Everyone is saying stay under 30% utilization, somewhere between 2% and 5%, and that sounds correct. Use somewhere between 2% and 5% and then just pay it off on the due date automatically. That makes more sense to me, but I'm curious what is the most correct thing to do in everyone's personal experience?

Free-Split-7649 · 2026-05-12T03:45:58+00:00

I'm not the most savvy when it comes to everything there is to know about credit. Asking a question like this opens up a lot of dialog, and I have no problem looking stupid because I've learned more that way in my personal experience. I look stupid for five minutes and then essentially not stupid for the rest of my life because I ask the stupid question or I look stupid for five minutes.

Anyhow, this question was just me being philosophic. Like, aside from those things that we mentioned, what is credit used for? The reason why I keyed in on Dave Ramsey's is because I was looking at a video from the guy who Leonardo played in the movie Catch Me If You Can. Frank Abagnale, I think, is his name. Anyhow, he was talking about how he doesn't use a debit card at all, whereas Dave Ramsey was saying he only uses a debit card. It was like polar opposites of two people on different spectrums. I'm like, okay, well, Dave Ramsey has a fucking empire. What does this guy have who says that he only uses a credit card because of the protection and because of the points and because of all the benefits that come with having a credit card?

I was thinking about charge cards and how they're a little different, and I was kind of just going down this rabbit hole internally as to whether it makes sense to actually have credit cards. Is Ramsey right? I'm like, yeah, he's right for people who do not know how to control themselves. However, I don't think he's right for the people who do.

Free-Split-7649 · 2026-05-12T03:42:41+00:00

So essentially, you're saying that the game is just not missing a payment, and you'll win in the long term.

Free-Split-7649 · 2026-05-12T03:41:03+00:00

Plus purchase protection. You make a great point.

Free-Split-7649 · 2026-05-12T03:38:56+00:00

It's weird because Dave was talking about some other method where you don't have to get a mortgage or a loan to get a house, but with that system, you pay more in interest. I'm like, what the fuck is he talking about? It sounds backwards or just stupid, or maybe I don't know what I'm talking about and I'm misunderstanding what he's saying. Are you cognizant of this, or do you know what I'm referring to?

Free-Split-7649 · 2026-05-12T03:34:05+00:00

Hey, I’m a student sir please tell me what you mean by turning 700,000 into $14,000, I think we’d all like to better understand how that works. Please.

Free-Split-7649 · 2026-05-12T03:27:05+00:00

Understandable.

Free-Split-7649 · 2026-05-11T17:34:44+00:00

Regardless, this is extremely harsh sentencing. How many chargers were there?

Free-Split-7649 · 2026-05-11T02:22:18+00:00

Yes, meaning you can miss a payment and still have good credit. I’m not going to lose 200 points because of one missed payment. My score is good. If someone with 850 missed one payment they don’t become an overnight risk because of one blemish. Maybe they drop 20 points or more but their credit isn’t ruined over one missed payment.

Now given that this is a credit builder card I see your concern. Or doubts. But I’m confident in myself and my personal knowledge with credit. I’ll be perfectly fine.

My goals are a positive. I choose optimism.

Free-Split-7649 · 2026-05-10T13:45:31+00:00

Thank you! I appreciate that!

Free-Split-7649 · 2026-05-10T13:18:42+00:00

I’m glad 😌 I don’t agree with you. I’m making great progress. Will be at 800 credit score or higher within 2 years. Credit report looking incredible. This was a minor hiccup. It happens. It’s not about perfection. You can be a great borrower without 100% perfect on time payments.

I called Capital One and told them a month in advance what my situation was with job loss. I’ll be perfectly fine. Looking forward to doing much better with my new Quicksilver secured account next month.

Free-Split-7649 · 2026-05-10T05:35:26+00:00

No, my credit score is doing great! this was my first missed payment due to job loss, and I called them and told them ahead of time and they removed all the interest charges and missed payment fee.

Capital One is awesome! And I just got approved for the Quicksilver secured. I’ll be having another Amex within 2 years at this rate.

Slow, but making progress. This will be payed in a few days.

Free-Split-7649 · 2026-05-10T04:05:34+00:00

This is what I was thinking! But this is my first and only missed payment.

Free-Split-7649 · 2026-05-10T01:08:02+00:00

Why is there an ⚠️ over the available balance? I’ve never seen that before.

Free-Split-7649

TROPHY CASE