Re: I have $0 saved for a down payment. I want to ... - Community
Level 2

Home loans

I got a credit card when I was 18 (easier to get one as a student) .. First one was a $500 limit. I've never paid a dime to the credit card companies.. They typically pay me $2K per year. I always payoff the statement balance every month. I love credit cards because it gives you a firewall between your actual money and spending. Current credit score is like 830 with the Citi double cash being my main card. Basically time and consistent payments is what makes a good credit score. I monitor my credit closely and know my score every week... opening a new card affects by around 15 points and it rebounds in 3 months. I typically open 2 new cards a year for getting the bonus and then close it. I literally have purchased a redbox movie for $1 and got a $500 bonus before 😋
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