FICO score needed for Ford Credit top tier financing rate?

[Dena]

The sad thing is to keep it up. You have to continue using credit which I hate.

I used to be pretty much cash based however things started costing so much that I was burning through the $300 I like to carry with me pretty quick. I now use my card for routine purchases like food, gas, car repairs and internet purchases. Then at the end of the month I pay it off in full. That keeps my credit active but I always am able to clear it when I pay my card bill. The only other real difference is I don't write as many checks which were becoming difficult to use in person.

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[Stratman397]

I used to be pretty much cash based however things started costing so much that I was burning through the $300 I like to carry with me pretty quick. I now use my card for routine purchases like food, gas, car repairs and internet purchases. Then at the end of the month I pay it off in full. That keeps my credit active but I always am able to clear it when I pay my card bill. The only other real difference is I don't write as many checks which were becoming difficult to use in person.

Me either. I very seldom write a check. I hope with paying it off every month, you do like me and use credit cards you get cash back for. The 3 I use are like that.

 

[ThomasN]

I used to be pretty much cash based however things started costing so much that I was burning through the $300 I like to carry with me pretty quick. I now use my card for routine purchases like food, gas, car repairs and internet purchases. Then at the end of the month I pay it off in full. That keeps my credit active but I always am able to clear it when I pay my card bill. The only other real difference is I don't write as many checks which were becoming difficult to use in person. However, now I want to start using e-wallets, and I'm even thinking about creating my own project. I read about it on https://dashdevs.com/ewallet-app-development/ and got a lot of useful knowledge!

Using your card for routine purchases while paying it off in full each month is a great way to keep your credit score active without accumulating debt. I hear you on the checks – it’s definitely becoming less common to use them in person, and card payments are just so much more convenient these days. It’s good that you’re still comfortable carrying cash though; it’s always useful to have on hand for smaller purchases or emergencies. Sounds like you’ve found a good balance between old habits and modern conveniences!

 

[Flyingtexan]

What I’m saying that if I have a credit score of 800+, I should have no problem getting Ford Credit Financing.

You should have no problem.

 

[Mspider]

Using your card for routine purchases while paying it off in full each month is a great way to keep your credit score active without accumulating debt. I hear you on the checks – it’s definitely becoming less common to use them in person, and card payments are just so much more convenient these days. It’s good that you’re still comfortable carrying cash though; it’s always useful to have on hand for smaller purchases or emergencies. Sounds like you’ve found a good balance between old habits and modern conveniences!

Not only does it help you with your credit but credit card companies literally pay you to use the card. The only reason not to use a credit card is if you can`t handle having a open line of credit at your disposal.

 

[roadpilot]

Not only does it help you with your credit but credit card companies literally pay you to use the card. The only reason not to use a credit card is if you can`t handle having a open line of credit at your disposal.

^^ Exactly.

We use our cards and earn tons of rewards.

Just bought a truck cap for my F150.

I earned $300 in cash from one card that I hadn't used in a couple years (special offer that came in the mail to earn $300 if I spend $500 before 10/31/24 - already paid it off). Also earning another $400 ($200 per card) by putting $1000 on each card towards that same truck cap (these were two new cards I just opened specifically for this purchase -- one new card in my name and the same exact new card for wife) -- and I'm earning another 2% on the $4K I'm paying using those last two cards ($90).

So just because I used certain cards, I earned $790 back in rewards.

We have a number of cards for specific purposes, including:

- 4% off all gasoline and diesel purchases
- 5% off all groceries - and this works for ALL purchases (not just groceries) at Walmart, Target, Meijer, Kroger, etc. and any other store that codes the purchase correctly.
- 5% on all dining out
- 2% off anything we put on the card

I pay every card off several times a month and have never paid a nickel in interest or fees in likely 20 years or more.

If you are disciplined enough to pay for your purchases every month, there's absolutely no reason to NOT take advantage of the free money you earn, simply by using a certain card for that particular purchase.

 

[Upacurb]

^^ Exactly.

We use our cards and earn tons of rewards.

Just bought a truck cap for my F150.

I earned $300 in cash from one card that I hadn't used in a couple years (special offer that came in the mail to earn $300 if I spend $500 before 10/31/24 - already paid it off). Also earning another $400 ($200 per card) by putting $1000 on each card towards that same truck cap (these were two new cards I just opened specifically for this purchase -- one new card in my name and the same exact new card for wife) -- and I'm earning another 2% on the $4K I'm paying using those last two cards ($90).

So just because I used certain cards, I earned $790 back in rewards.

We have a number of cards for specific purposes, including:

- 4% off all gasoline and diesel purchases
- 5% off all groceries - and this works for ALL purchases (not just groceries) at Walmart, Target, Meijer, Kroger, etc. and any other store that codes the purchase correctly.
- 5% on all dining out
- 2% off anything we put on the card

I pay every card off several times a month and have never paid a nickel in interest or fees in likely 20 years or more.

If you are disciplined enough to pay for your purchases every month, there's absolutely no reason to NOT take advantage of the free money you earn, simply by using a certain card for that particular purchase.

This 10000%

I do the same thing......its free money!

Its like putting money down on a vehicle you are getting 0% financing on- you could take that down payment and put it in a savings account and earn .00001% and be ahead.....

You have to look at the cost of money and how it can be utilized

Another example....I keep an open line of credit on my house- if Im buying something Im going to pay interest on why not use the line of credit (if interest rate is similar) so it can be tax deductible? Just have to be disciplined enough not to make the minimum payment and pay it off in the same time period if you were to take the loan.....

 

[Neggytive]

yep, it is fee money, until you realize that the people pricing the goods and services you are purchasing are adding the cost of the credit card transactions to the price.

That is why gas stations can give 10 cents a gallon off the posted price for cash sales.

That is about 3% off in most cases and that is about what the CC company charges them per transaction.

There is no such thing as a free lunch

 

[LoneRanger57]

I got 3.9% for 60 months from Ford, my best from my 3 credit unions was 5.9% for 72 months.
I have an excellent fico over 750

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