Money Tips

Should I close my credit card account?

2007-09-20T14:02:00.000-05:00

Guest: artcubed
Credit Expert (100+ Posts)
Post subject: Should I close my credit card account?
Posted: Wed Sep 19, 2007 9:32 pm

So I plan on closing two accounts in the very near future.

I have a Macy's card which I completely forgot I had. It's probably a year old now, and because I never used it, it somehow never showed up on my credit report. I'm going to close it (a store card with a $400 limit isn't doing me much good at this point) but will this cause it to show up on my report as a closed account? Will it report all of those months that I "paid" maybe helping me out a bit?

I also have an HSBC card that has an annual fee if I don't close it by my statement close next month. This is on my credit report, and I'll probably take a small score hit. Problem is, if I close two accounts at the same time, I'm worried about a sizeable score drop that might show up on Citi or Amex's radar. Any thoughts? Should I pay the fee and keep the card a while longer?
_________________
Real FICOs: 680 TU - 680 EX - 667 EQ
TC FAKOs: 680 TU - 631 EX - 668 EQ
Oldest CC is 2yrs/2mnths. No baddies on my report, just a young file with lots of inq's on EX.

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Guest: Polonius
SENIOR MEMBER (2 yrs.+ & 500+ posts)
Posted: Wed Sep 19, 2007 9:45 pm

Closed accounts remain on your reports for ten years currently. They still count towards account aging components of your scores, but of course the credit limits won't be used to calculate your utilization percentages.

The Macy's card isn't on your reports now, so I doubt it will appear suddenly simply because you close it. Since there's no fee for it, though, why bother?

The HSBC may affect your score slightly if you close it, but if you don't use it there's no reason to pay that fee. So close it and save some money. Paying to keep your score a bit higher makes little sense unless you're at a critical point in your score level and plan to apply for a mortgage or some other big ticket item. And that's unlikely.
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Guest: realmedia
Posted: Wed Sep 19, 2007 10:17 pm

Polonius write

Closed accounts remain on your reports for ten years currently. They still count towards account aging components of your scores, but of course the credit limits won't be used to calculate your utilization percentages.

IN MY CASE WITH TRANS UNION ALL MY CLOSED ACCOUNTS DROPPED AND NOT LONGER SHOW AFTER 7 YEARS.

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Guest: LustfortheMoment
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 10:33 pm

I fully agree with Polonius. In my own experience, I've seen little change in my FICO when I've closed accounts. Of course, I PIF and therefore haven't worried about utilization or net credit available. If you carry balances and close accounts with significant credit limits, you'll clearly take a hit.

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Capital One Credit Card Limit Reported

2007-09-20T14:01:00.000-05:00

Guest: artcubed
Credit Expert (100+ Posts)
Post subject: Capital One Credit Card Limit Reported
Posted: Thu Sep 20, 2007 12:06 pm

I just checked, and my limit is reported on Experian.

The others take 4-5 days to post the data to my credit report, Experian is usually updated within 1-2 days.
_________________
Real FICOs: 680 TU - 680 EX - 667 EQ
TC FAKOs: 680 TU - 631 EX - 668 EQ
Oldest CC is 2yrs/2mnths. No baddies on my report, just a young file with lots of inq's on EX.

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Guest: bullwinkle29
Senior Credit Expert (500+ posts)
Posted: Thu Sep 20, 2007 12:27 pm

my wifes account just reported also, but it REPORTED THE CASH ADVANCE LIMIT, NOT THE CREDIT LIMIT. HER CREDIT LIMNIT IS 20K, AND THE CASH ADVANCE IS 10K
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711Date: 8/1/2007

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Limit Reported on Capital One Credit Card Account

2007-09-20T13:57:00.000-05:00

Guest: MJCJ
Credit Expert (100+ Posts)
Post subject: Limit Reported on Capital One Credit Card Account
Posted: Wed Sep 19, 2007 12:07 pm

Just logged in my EX report and saw my CAP 1 account limit reported

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Guest: angelo21
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 12:27 pm

From what I've seen it started at the beginning of the month.

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Guest: hdporter
SENIOR MEMBER (2 yrs.+ & 500+ posts)
Posted: Wed Sep 19, 2007 1:58 pm

My account last reported 9/3. No such luck. Maybe in Oct.

- H.

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Guest: JaneiR36
SENIOR MEMBER (2 yrs.+ & 500+ posts)
Posted: Wed Sep 19, 2007 3:32 pm

YAY?

So they'll report that we all have **** CL's?

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Changes in Bank of America Credit Card Account

2007-09-20T13:53:00.000-05:00

Guest: shan7
Board Monitor/ Administrator
Post subject: Changes in Bank of America Credit Card Account
Posted: Thu Sep 20, 2007 9:53 am

Received a long letter from Bof A ( I have the old MBNA card which is now Bof A now) that talked about many changes including:

1) Bal transfer max fee of $75 no longer applicable (just like many other issuers). This starts March 2008.

2) Category classification changes: Balance TRansfer and Check Cash Advances will be defined as "Balance Transfers". This starts Jan 19, 2008.

They did give option to opt out of these by writing to them.
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Guest: ekue
Posted: Thu Sep 20, 2007 10:44 am

If you opt out they will close your account. That's what they generaly do. If it is a term level change and you opt out, they will close it. But if it is a general change to some parts of the current term they will spare you the closure.

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Guest: AJ
Senior Credit Expert (500+ posts)
Posted: Thu Sep 20, 2007 11:42 am

Received my 4 legal size pages a month ago, I still get to keep my 5.9 fixed rate!!

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Guest: mantras
Credit Expert (100+ Posts)
Posted: Thu Sep 20, 2007 11:51 am

I'll be waiting for mine as well as my signature card.

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Guest: crediteducation
Posted: Thu Sep 20, 2007 1:06 pm

Hi I also got my lonnnnng letter from them; and was wondering the same thing about "opt out"
I saw you could opt out but wondered if it would close your account as my husband's says if you opt out you are closing the account.

I am going to be sending the letter if not b/c that is crazy jump; and the lower the IR the better your credit score.

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Does Capital One credit card report credit limits?

2007-09-20T13:51:00.000-05:00

Guest: crediteducation
Post subject: Does Capital One credit card report credit limits?
Posted: Thu Sep 20, 2007 1:26 pm

Okay I had come across the capital one information that they did not report limits... and what was happening was the bureaus would use the balance; which sets EVERY SINGLE card holder up for being maxed out according to the ratios and in essence will hurt everyone's credit to some degree...
but I just saw that they are changing that perhaps...Is there any other cards that do not report the limits?

Also I read Chase hikes the IR up after x amount of time?

I had put Capital one on my DO NOT GET LIST; but maybe now it could change
I was thinking of getting Chase but now I am wondering if they just hike IR

I am looking for a card that I can get that will not hurt my credit to any degree if I play my part.

I did not realize alot about credit until recently. I thought closing cards; keeping limits low; and keeping balances low was the best thing.

Well I guess I should have not closed my accounts I had and not kept telling them to lower back down my limits. HISTORY is such a huge part of it. Thankfully I have one card that I have had for 10 years....Bank of America; was MBNA and I have a 30k limit on it...

I now am looking to get a 2nd card to transfer some business debt to...I have like 10k on that card ( so I am below the 40/50% ratio) on that card and have excellent credit

So I want a card that will show my limit and will not hike me all the time on my interest rate. I will do my part as I always have paying on time etc.

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Get Best APR for Credit Card Accounts

2007-09-20T13:49:00.000-05:00

Guest: multiplierx
Senior Credit Expert (500+ posts)
Post subject: Get Best APR for Credit Card Accounts
Posted: Thu Sep 20, 2007 1:51 am

This is a good one to check too;

http://www.cardratings.com/

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Guest: crediteducation
Posted: Thu Sep 20, 2007 1:39 pm

from what i have been learning; you should work with what you have in this regards...get your balances below 50% to the limit ratio if at all possible. and get the IR reduced on existing ones if possible; and get your limits raised if you can.

if you know anything is wrong on your credit report; have it fixed if you can next; if anything was your doing that is negative...ask for a customer service deletion or something to that affect. can 't hurt to ask

then from there once you have done what you can then maybe your score will be alittle better-

then go get a new card to work with. I think that the 5.9 one is probably good but maybe try to see if you can get a 0% one to carry for a year then you may do something like the 5.9 or in a year- you may qualify for another new card who knows...the best thing to do is get your score the best you can first before applying for new cards IF YOU HAVE THE TIME

if you don't have time then you do what you have to...I am right now waiting approx 45 more days to get my new card as I know I am doing some things with switching and paying down that will boost my position to get a higher limit on my new card. Hope that helps.

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Want to Get Credit Cards Under Control

2007-09-20T13:41:00.000-05:00

Guest: awwc
Post subject: Want to Get Credit Cards Under Control
Posted: Wed Sep 19, 2007 1:58 pm

Wife and I has a come to Jesus meeting about the finances. Essentially, we're done with managing them half-assed. After spending some time educating ourselves we have a few immediate steps to take.

We have 3 credit cards with balances that need to be moved to a lower APR.

Two of them are at 17% APR and one is at 27%. I know. UGH. I don't think the 27% started off at that APR. We were struck by a case of $2,000 in fraud charges. I'm assuming Chase bumped the rate after we called to have the charges disputed and froze the card. Not sure though, just an assumption.

So after a handful of research hours I came across PENFED's 5.99% lifetime APR on the transfer balance with no fee. I'd love to jump on that but I want to make sure there isn't a better solution?

Thanks for the help..

Awwc

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Guest: multiplierx
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 6:55 pm

It depends on how long you think it'll take you to pay off the balances. There's better BT rates out there but not "lifetime".

You might take a look at some of the 0% BT offers out there. It'll only be a year but that's a year of 0% and you very well might find another 0% at that time if you still have a balance.

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Guest: Ira
Board Monitor
Posted: Thu Sep 20, 2007 12:23 am

You might want to take a look at this site which has a number of 0% intro rate cards:

http://www.balancetransfer.cc/creditcardblog/btcc.htm
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Guest: awwc
Posted: Thu Sep 20, 2007 1:47 am

thanks guys. I'll take a looksie.

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CitiBank Driver's Edge Credit Card

2007-09-19T14:00:00.000-05:00

Guest: jmx
Credit Expert (100+ Posts)
Post subject: CitiBank Driver's Edge Credit Card
Posted: Wed Sep 19, 2007 10:06 am

Well I have a conoco gas card I never used it on a gas station cuz theres no conoco gas stations where I live I called a few months back too see if I could get an upgrade too a conoco mastercard but they said no has anyone done this and do you think it can be done.

Idont want them too close the account just cuz I dont used it help plz

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Guest: angelo21
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 12:32 pm

If I'm not mistaken this card is issued by Citi. Since it's like a store card, that my be the reason you can't upgrade.

Maybe you should look into Cit's Driver's Edge. You get 6% back during the 1st year.

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Credit Card for International Student?

2007-09-19T13:59:00.001-05:00

Guest: SamCurt
Post subject: Credit Card for International Student?
Posted: Mon Sep 17, 2007 5:14 pm

Hi. I'm an international student arrived at US just 1.5 months ago, SSN and state ID applied for, and as a grad student I have a yearly stipend of $20k+.

Spending patterns: The kind of schoolwork left me little chance to overspend, so probably any card used would be for necessities (rent, utilities, food, cell phone plans, meds) only, less than $1000 and pif.

So I have a check card from my credit union already (strangely, defying all recent cases, this large university is sleeping with a local credit union), but their student card's APR is 15.99%-- not bad, but just par.

The problem here is: I should apply a student card now, or I can just get one later since there's I won't need credit anyway?

Thanks!

(BTW: In my country the typical APR for a credit card is 27%.)

Guest: swiwia
Posted: Mon Sep 17, 2007 6:38 pm

Do you plan on carrying a balance from month to month? If not, as long as your limit is enough for you to live on, I would say that you are fine.

Me? I personally like having a lot of credit available, so I would get the extra card (especially if it was at a rate that is less then I was used to paying).
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Guest: LustfortheMoment
Senior Credit Expert (500+ posts)
Posted: Mon Sep 17, 2007 7:03 pm

Quote:
but their student card's APR is 15.99%-- not bad, but just par.

Don't get sucked in by ANY rate. Stick with paying in FULL. If you can't afford an item/service, then don't buy it............

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Guest: Ronin
Posted: Mon Sep 17, 2007 11:21 pm

If you're paying more than 0% to 5%, you're getting taken by the CCC...

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Debit Card or Debit Card Better for Students?

2007-09-19T13:51:00.000-05:00

Guest: SamCurt
Post subject: Debit Card or Debit Card Better for Students?
Posted: Tue Sep 18, 2007 12:20 am

For your information, I repeat: my budget allowed me to be in black every month, so there's no real difference between me using my check card and a credit card, since I PIF anyway.

Even so, I think I have the need to look at interests, even I don't carry on balances.

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Guest: mouse
SENIOR MEMBER (2 yrs.+ & 500+ posts)
Posted: Tue Sep 18, 2007 2:39 am

SamCurt wrote:
For your information, I repeat: my budget allowed me to be in black every month, so there's no real difference between me using my check card and a credit card, since I PIF anyway.

Even so, I think I have the need to look at interests, even I don't carry on balances.

DEBIT can cost you MORE than you have in your checking account
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Guest: angelo21
Senior Credit Expert (500+ posts)
Posted: Tue Sep 18, 2007 3:33 pm

If you're using a debit card, you're using your own money. Get a cc. Check out what Citi or Chase , or even your CU have to offer. Don't wait. Build your credit and history now. Don't wait till you really need it. Good luck.

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Guest: SamCurt
Posted: Wed Sep 19, 2007 10:18 am

Speaking of, do you think it's advisible to apply for more than one card in this stage? I'm NOT using the other card.

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Guest: angelo21
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 12:36 pm

If you have the CS why not try?

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CitiBank Diamond Credit Card Offer

2007-09-19T13:35:00.000-05:00

Guest: beyond platinum
Credit Expert (100+ Posts)
Post subject: CitiBank Diamond Credit Card Offer
Posted: Tue Sep 18, 2007 10:03 pm

This was an offer on my Diamond Preferred card but I wasn't born yesterday. The fine print states that you only earn the 1% if you carry a transferred balance and since payments are applied to the lowest APR first I think I'll be passing on this one. The b/t rate was 3.99% until october so I plan on using it strictly for that.

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Credit Card Offer with 6.99% Fixed APR

2007-09-19T13:29:00.000-05:00

Guest: cowb0ysfan
Credit Expert (100+ Posts)
Post subject: Credit Card Offer with 6.99% Fixed APR
Posted: Tue Sep 18, 2007 2:54 pm

I've not heard much about RBS/Citizens Bank. I just received a pre-approved mailer for their 6.99% Fixed Platinum MC. Anybody have this card that can chime in? Do they give generous CL's at approval?

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Guest: TomfromCT
Senior Credit Expert (500+ posts)
Posted: Tue Sep 18, 2007 8:14 pm

It is a good issuer.

Limits vary but I don;t here of them doing the chase 400 dollar limit to alot people.

They have a 0% offer if you go direct to their site.
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Guest: AJ
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 5:25 am

cardmember since 2005 15,000 limit

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Guest: Woolfman
Posted: Wed Sep 19, 2007 11:10 am

Cardmember since 2005 $10,000 limit
have never asked for an increase.

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Guest: AJ
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 11:19 am

I was told they don't offer them unless you ask

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Two Credit Card Credit Line Increases in One Day!

2007-09-19T13:26:00.000-05:00

Guest: jmx
Credit Expert (100+ Posts)
Post subject: Two Credit Card Credit Line Increases in One Day!
Posted: Wed Sep 19, 2007 9:59 am

Well I went on my wamu,capitalone account today and a nice gift was giving too me wamu gave me $1500 CLI and capitalone gave me $1500 CLI also.

WOW capital I have had for like 2+years only had $500 limit soo nice gift for me this makes me want too ask for a amex CLI on my blue hmmm why not.

oh and i did not ask for them

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Guest: Brammy
Senior Credit Expert (500+ posts)
Posted: Wed Sep 19, 2007 10:28 am

Congratulations!! I just got a CLI from WaMu two months ago so I guess I can give it up till Dec. Has your C1 statement fallen for the month? I am soooo hopin for love. Got a BT that's gonna take me to 80% uti and wouldlike to avoid that if I could.
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Guest: jmx
Credit Expert (100+ Posts)
Posted: Wed Sep 19, 2007 11:20 am

I have only used my capitalone card 2 times in I think 11months so I did not expected.

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Searching for Credit Union in NYC

2007-09-19T13:22:00.000-05:00

Guest: artcubed
Credit Expert (100+ Posts)
Post subject: Searching for Credit Union in NYC
Posted: Tue Sep 18, 2007 12:06 am

I'm looking for a credit union in NYC/Long Island, and I'm having a really hard time finding one. I work for a very small company with no associations with anyone who is connected to a credit union, and I'm not affiliated with any major groups really. No military associations either, just some friends who are marines.

There's the Montauk CU, which I could theoretically join, but they don't offer credit cards at all, and their loan options are very limited. They also only have 1 or 2 ATMs in Manhattan AFAIK, which is a dealbreaker.

Anyone else here live in NY/NYC/LI and know of a good credit union, or even a good list? I'm up to suggestions at this point!

Thanks!
_________________
Real FICOs: 680 TU - 680 EX - 667 EQ
TC FAKOs: 680 TU - 631 EX - 668 EQ
Oldest CC is 2yrs/2mnths. No baddies on my report, just a young file with lots of inq's on EX.

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Guest: ekue
Posted: Wed Sep 19, 2007 12:38 am

I found a website and you can search credit unions all over the US by criteria. Either by where you live, employment, city, county or state. here it is: http://www.howtojoinacu.org/
Try it and you will find some

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Guest: jrjdrayer
Credit Expert (100+ Posts)
Posted: Wed Sep 19, 2007 10:56 am

Go to www.ncua.gov

They have lists of credit unions by state.

Also www.nyscul.org

This is the NYS Credit Union League Website.
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Guest: Ira
Board Monitor
Posted: Wed Sep 19, 2007 11:42 am

Why does it have to be NY based? Anyone can join the Pentagon Federal Credit Union (PenFed). They're a wonderful nationwide organization and you do NOT have to have a military afiliation to join. See https://www.penfed.org/howToJoin/overview.asp for more information.
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Credit Card Account Opened Without my Knowledge?

2007-09-19T13:20:00.000-05:00

Guest: spjoink
Senior Credit Expert (500+ posts)
Post subject: Credit Card Account Opened Without my Knowledge?
Posted: Sun Sep 16, 2007 6:09 pm

I got an inquire from Gemb/ paypal for a new creditcard and i also see i got a $3000 credit limit ....i never applied for this card...what can i do
The creditlimit is a joke ...they pulled equifax.
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Guest: MJCJ
Credit Expert (100+ Posts)
Posted: Sun Sep 16, 2007 6:26 pm

spjoink wrote:
I got an inquire from Gemb/ paypal for a new creditcard and i also see i got a $3000 credit limit ....i never applied for this card...what can i do
The creditlimit is a joke ...they pulled equifax.

Did you accidentally apply for it? I believe in order to apply for a GEMB paypal card, you have to log in your paypal account first. If the account was opened without your knowledge, then you should definitely contact GEMB to report it, then you should put a fraudulent alerts on your CRs so that no future application can be done without banks contacting you.

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Guest: multiplierx
Senior Credit Expert (500+ posts)
Posted: Sun Sep 16, 2007 9:48 pm

I'd find out quick just in case it's identity theft.

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Guest: jrjdrayer
Credit Expert (100+ Posts)
Posted: Sun Sep 16, 2007 10:27 pm

Not too long ago, I clicked on something on the paypal website, while I was signed on , and a short time later on my credit report, I too, noticed a new account from GEMB/Paypal. It did not appear as though they did a hard inquiry. It was unintentional. I can't remember exactly what it was I clicked on. I did not need another account.
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Mistakenly Applied for New Credit Card Account

2007-09-19T13:17:00.000-05:00

Guest: jrjdrayer
Credit Expert (100+ Posts)
Post subject: Mistakenly Applied for New Credit Card Account
Posted: Sun Sep 16, 2007 10:28 pm

BTW, there was no app or anything, just clicked and viola !
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Guest: angelo21
Senior Credit Expert (500+ posts)
Posted: Mon Sep 17, 2007 7:57 am

I get at least 10 emails a week from PayPal asking me to log in and certify that a payment they made is correct. It's a SCAM.

They ask you you to verify and re-enter all your personal info, etc. It's very professional and the graphics, etc. look like the real thing. It's not. Did you ever do this? Obviously, you need to contact GEMB.

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Guest: jrjdrayer
Credit Expert (100+ Posts)
Posted: Mon Sep 17, 2007 8:36 am

I was not scammed. It was on the actual paypal website !!!!!
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Guest: peter4lisa
Posted: Wed Sep 19, 2007 11:02 am

jrjdrayer wrote:
I was not scammed. It was on the actual paypal website !!!!!

With Paypal they have your bank info(and its easy to get your SS#) already so if you pressed the button by accident to get one then its a automatic application.
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Applied for Credit Card via PayPal

2007-09-19T12:25:00.000-05:00

Guest: jrjdrayer
Credit Expert (100+ Posts)
Post subject: Applied for Credit Card via PayPal
Posted: Wed Sep 19, 2007 11:43 am

That's what I was saying !!!
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Guest: Ira
Board Monitor
Posted: Wed Sep 19, 2007 11:51 am

spjoink wrote:
I got an inquire from Gemb/ paypal for a new creditcard and i also see i got a $3000 credit limit ....i never applied for this card...what can i do
The creditlimit is a joke ...they pulled equifax.

I'm confused. Did you get an "inquire" (inquiry?), did you get an offer for an account with a $3,000.00 limit, or did you get the actual card?

Some people would drool over a $3,000.00 limit while others think it's too small. It depends on the individual and what you're going to use the card for. I have some accounts with a $2,000.00 limit that are perfectly adequate. I have others with a $25,000.00 limit.
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Guest: jrjdrayer
Credit Expert (100+ Posts)
Posted: Wed Sep 19, 2007 11:52 am

When I got mine, there was no hard inquiry and the account just showed up on the paypal website and on my credit report.
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Approved for AmEx Gold Credit Card

2007-06-07T20:04:00.002-05:00

Guest: AJ
Credit Expert (100+ Posts)
Post subject: Approved for AmEx Gold Credit Card
Posted: Wed Jun 06, 2007 8:40 pm

I've only had the blue for 5 months. That's it. Then comes this approval for gold

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Guest: LustfortheMoment
Credit Expert (100+ Posts)
Posted: Thu Jun 07, 2007 12:23 am

If there are others here who are "hot" to get a Platinum AMEX, I'd urge them to first establish credit with the company via a No Fee card like Blue Cash. Within a few months they'll see on login that they're pre-approved for Platinum with 25K to 50K Membership Rewards points.

Such a deal.........

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Guest: creditnewbie
Credit Expert (100+ Posts)
Posted: Thu Jun 07, 2007 5:46 am

My friend received a pre-approved application offering 100,000 points. By the way, there is a really nice feature called event ticket protection which reimburses you for lost, damaged, stolen..etc tickets up to $2000 a year. I lost 2 tickets last month and couldn't attend the concert only to find them a few days later, so I filed a claim and they actually gave me credit on my statement for the tickets' value.

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After a Year, More Benefits for AmEx Platinum Credit Card Holders

2007-06-07T20:04:00.001-05:00

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: After a Year, More Benefits for AmEx Platinum Credit Card Holders
Posted: Wed Jun 06, 2007 8:11 pm

Alaskan Assassin wrote:
Mouse:::

Just ignor it!!!

It is real hard.......................
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Wed Jun 06, 2007 8:12 pm

Its just BS and there in a bad mood, there preventing you from helping us and the new people out
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Guest: creditnewbie
Credit Expert (100+ Posts)
Posted: Wed Jun 06, 2007 8:30 pm

They didn't approve me instantly when I applied for the platinum card. It took about 3 or 5 days then another week to receive the card which they sent in a very nice package.
After you have an account with AMEX for 1 year, you'll qualify for the sign& travel and the flexible payment option. Anything related to travel can be treated like a credit card where you can carry a balance, but the APR is high-they lowered it for me by the way but I never carried any balance. Anything that's $300 or more is treated like credit card. For me it's $200 or more by invitation. You have to sign up for these things;otherwise, it's going to be due in full every month.

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Want Benefits of American Express Platinum Credit Card

2007-06-07T20:03:00.000-05:00

Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Post subject: Want Benefits of American Express Platinum Credit Card
Posted: Wed Jun 06, 2007 7:16 pm

Im still trying to figureing charge cards out!

Like Xace said good luck
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https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jun 06, 2007 8:07 pm

hieronymus wrote:
mouse wrote:
I only had AMEX credit cards for a reason

And your point???

Other than rubbing it in my face???
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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Wed Jun 06, 2007 8:09 pm

Mouse:::

Just ignor it!!!
_________________
https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
1)BANK OF AMERICA AK AIRLINES$7000
2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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Pay in Full with AmEx Platinum Credit Card?

2007-06-07T20:02:00.002-05:00

Guest: cowb0ysfan
Post subject: Pay in Full with AmEx Platinum Credit Card?
Posted: Wed Jun 06, 2007 7:09 pm

No APR. This was for Platinum charge. You can carry a balance eventually but I think the APR is high something like 18%+. This is a PIF every month card. I will personally get a lot of value out of the features/benefits.

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Guest: xace
Posted: Wed Jun 06, 2007 7:11 pm

cowb0ysfan wrote:
No APR. This was for Platinum charge. You can carry a balance eventually but I think the APR is high something like 18%+. This is a PIF every month card. I will personally get a lot of value out of the features/benefits.

Good luck. Tell us what they say.

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Guest: cowb0ysfan
Posted: Wed Jun 06, 2007 7:15 pm

Thanks xace...I will keep you guys updated.

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No Instant Approval with AmEx Platinum Credit Card Online Application

2007-06-07T20:02:00.001-05:00

Guest: hieronymus
Post subject: No Instant Approval with AmEx Platinum Credit Card Online Application
Posted: Wed Jun 06, 2007 6:33 pm

mouse wrote:
I only had AMEX credit cards for a reason

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Guest: cowb0ysfan
Posted: Wed Jun 06, 2007 6:57 pm

Just applied for the Amex Platinum.
I'm kinda bummed that they don't have instant approvals for this card. I spoke with a CSR who was extremely friendly and very helpful. He said the approval process for Platinum is more in-depth and they have a team of analysts that review each app and investigates thoroughly before approval.
I thought they would jump at the chance to take my $450 AF since I was already pre-approved for the Gold.

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Guest: Alaskan Assassin
Credit Expert (100+ Posts)
Posted: Wed Jun 06, 2007 7:01 pm

thats odd to me, whats the apr?
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https://home.americanexpress.com/home/mt_personal.shtml
{TOP 3 FAVORITE CREDIT CARDS AND THERE LIMITS}
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2)AMEX BLUE SKY$23,000
3)DISCOVER CARD CASH$5000

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Platinum AMEX Credit Card with International Companion Tickets

2007-06-07T20:01:00.000-05:00

Guest: creditnewbie
Credit Expert (100+ Posts)
Post subject: Platinum AMEX Credit Card with International Companion Tickets
Posted: Wed Jun 06, 2007 6:51 am

I have the platinum AMEX and they do have free international companion tickets on business and first class only. I think the benefits of the card are worth more than $450 ONLY if you travel a lot. I enjoy the hotel upgrades the most and I use concierge all the time. I can't complain about the fee or the service I receive from AMEX, but what I REALLY like about it is, when I call customer service, they pick up the phone in ft. lauderdale, fl, not India.

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Guest: angelo21
Credit Expert (100+ Posts)
Posted: Wed Jun 06, 2007 9:47 am

AJ wrote:
What I am ticked off about is everyone seems to think a platinum card at $450 a year is the way to go, I disagree

Not everyone. I believe the no AF is the way to go. Non of my cards has an AF.

The 4 companion tickets can be good business for someone. For me, it's very tempting.

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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jun 06, 2007 11:25 am

I only had AMEX credit cards for a reason
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$450 Annual Fee with AmEx Platinum Credit Card?

2007-06-07T20:00:00.002-05:00

Guest: cowb0ysfan
Post subject: $450 Annual Fee with AmEx Platinum Credit Card?
Posted: Tue Jun 05, 2007 8:20 pm

AJ wrote:
I guess what I meant to say is, no one is going see AMEX PLATINUM. They will see Amex and your payments, that still will not show what card it is. It could be green, What I am ticked off about is everyone seems to think a platinum card at $450 a year is the way to go, I disagree

No need to get ticked off...different people have different needs. I would use the Platinum benefits and get my use out of the $450 AF. It would more than pay for itself with complimentary companion tickets over the course of a year. I'm not concerned with how it reports to the CRA's.

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Guest: LustfortheMoment
Credit Expert (100+ Posts)
Posted: Tue Jun 05, 2007 11:20 pm

Quote:
I travel over seas quite a bit. Free ticket for someone to come along is VERY awesome. Costs me around 1500 give or take to fly to Russia.

I'm sorry, Xace, but you don't know what you're talking about:

"This offer is valid between most major airports within the continental 48 United States. Under the terms of this offer all tickets must be purchased through API. Companion travel award limited to domestic coach class round-trip fares only."

Of course, AMEX Platinum allows you to get a complimentary fare to Hawaii, but check out the fine print

"To qualify for the complimentary fare to and from Honolulu, Hawaii, purchase one adult round-trip published fare before taxes, passenger facility charges (on any of six major U.S. Carriers) of not less than $899.00. Fares lower than $899.00 do not qualify for this offer"

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Guest: xace
Posted: Wed Jun 06, 2007 6:17 am

LustfortheMoment wrote:
Quote:
I travel over seas quite a bit. Free ticket for someone to come along is VERY awesome. Costs me around 1500 give or take to fly to Russia.

I'm sorry, Xace, but you don't know what you're talking about:

"This offer is valid between most major airports within the continental 48 United States. Under the terms of this offer all tickets must be purchased through API. Companion travel award limited to domestic coach class round-trip fares only."

Of course, AMEX Platinum allows you to get a complimentary fare to Hawaii, but check out the fine print

"To qualify for the complimentary fare to and from Honolulu, Hawaii, purchase one adult round-trip published fare before taxes, passenger facility charges (on any of six major U.S. Carriers) of not less than $899.00. Fares lower than $899.00 do not qualify for this offer"

They do have free international companion tickets on business and first class only. I only fly first class.

Last edited by xace on Wed Jun 06, 2007 7:02 am; edited 1 time in total

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AmEx Platinum Credit Card with Travel Companion Offer

2007-06-07T20:00:00.001-05:00

Guest: AJ
Credit Expert (100+ Posts)
Post subject: AmEx Platinum Credit Card with Travel Companion Offer
Posted: Tue Jun 05, 2007 8:13 pm

Ok, thanks for clearing that up, I can go back to breathing again
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Guest: xace
Posted: Tue Jun 05, 2007 8:16 pm

I travel over seas quite a bit. Free ticket for someone to come along is VERY awesome. Costs me around 1500 give or take to fly to Russia.

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Guest: DwightSchrute
Posted: Tue Jun 05, 2007 8:17 pm

Companion ticket is valid for international travel?

Interesting.. I travel to Japan and South Korea at least once a year.
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