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Help people. I wanted to move money from Bank of America to a new bank, but I cant decide which one.
I mostly want to find some sort of high text, maybe online-only bank with a really feature rich mobile app.
I would love to hear suggestions, USA only (my europe account is Bunq which is great).
@rizele I would never be that irresponsible in the first place. If I take credit, I intend to pay it.
In fact I keep all my credit cards at 0 and get as many as I can just to improve my credit score. I generally use a charge card instead of a credit card too.
What they want you to do is mostly use your credit cards and then it's fine to balance them out every bill... except that holding a balance and paying on it will build credit better.
I hate credit.
@penny That isnt true at all, not only is it against the official advice, totally contrary to what I see.
The advice is to keep credit utilization below 30% and as low as possible.
I myself have seen my credit go up 50 points simply by bringing my credit utilization to 0 when ti was high. Just recently I also got more credit cards which increased my ceiling by 3x which brought my score up another 26 points (I had near 0 utilization before and after, 3% to be exact).
I just did some checking to get an exact number. My credit utilization is around 3% where I keep it.. Which explains why I hit an ideal. It would seem most advice suggests the ideal for maximum credit score is from 1% - 10%
Can't pay a credit card? Poof, there goes the direct deposit from your employer.