To Take the Leap or Not?

[Carmella]

Yep! That's what I'm doing now. I'm in chapter 13 until Jan. 2027 and I have four credit cards. The lowest interest rate on any card is with Ally at 19%. It's zero balance because my Venmo (26.49%) gives me the best rewards. It's pretty sweet to pay off the balance each month and pay zero interest but earn cash back. I've earned $881.85 so far this year in cash back and my credit rating is over 759. 🍾🎉🥳

interesting Ally gives someone in active Chapter 13 lower interest than someone out of it. Although I was in Chapter 13 when I got it and it was 27 or 28% if I remember I just know it's too high! It's the still the only card I have.

though now new offers are coming with a limited time at 0% then it jumps up several months later.

[womanonfire]

interesting Ally gives someone in active Chapter 13 lower interest than someone out of it. Although I was in Chapter 13 when I got it and it was 27 or 28% if I remember I just know it's too high! It's still the only card I have.

though now new offers are coming with a limited time at 0% then it jumps up several months later.

IKR? I've wondered about that. A quick backstory is that I settled on a bunch of debt before filing and my plan is 100% payback so maybe I'm somehow a lower risk? I used the card to transfer debt from Venmo to finance a trip and only paid the transfer fee and paid it off before the intro period ended. It was a very affordable loan short-term loan!

[Barbisi]

Update: After my husband submitted bank statements as proof of income, I was approved for 3K, which is OK by me.
I am underwhelmed because I really don't need to use it, but it is still better to get credit again in my own name.
We all have to rebuild somehow, LOL!