Credit bureaus.

[JimmyGrim]

Yeah, credit scores can feel backwards sometimes. Paying off debt is great, but the scoring models also look at things like utilization, account age, and credit mix. If you closed cards or your balances changed a lot, it can temporarily move the score down.
The good news is the lower debt usually puts you in a much better position long term.

 

[JimmyGrim]

Now that you're debt free, it makes sense to have 1 CC open that gives points for purchases. I've had a Venture One for years now. I rack up points and redeem them for cash.. I have it linked with my Amazon because I'm always buying shit there.. I buy everything with it and pay it off every 2 weeks when I get a paycheck. It's just what I do..

Surely it's a trap, but if you're spending responsibly, you get money back. I assume most people don't because how else would they be able to do that??

I estimate I redeem 3-400 bucks a year..

Now that you're debt free, it makes sense to have 1 CC open that gives points for purchases. I've had a Venture One for years now. I rack up points and redeem them for cash.. I have it linked with my Amazon because I'm always buying shit there.. I buy everything with it and pay it off every 2 weeks when I get a paycheck. It's just what I do..

Surely it's a trap, but if you're spending responsibly, you get money back. I assume most people don't because how else would they be able to do that??

I estimate I redeem 3-400 bucks a year..
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That happens more often than people expect. Paying off a lot of debt at once can temporarily lower your score while the credit bureaus update your profile. If you keep making on-time payments and don't take on new debt, it usually rebounds after a while.