Credit Tips

Applied for Credit Card via PayPal

2007-09-19T13:10:00.000-05:00

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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Credit Cards That Don't Report Credit Card Credit Limit

2007-05-29T15:29:00.000-05:00

Author: shan7
Posted: Thu May 10, 2007 1:02 pm
Post subject: Cards like Capital One that does not report credit limit

Any other cards besides Capital One that you know of that does not report the credit limit?

Also, why do you think Capital One does not report these limits? I read one article that said this maybe to prevent competition from knowing who the good customers are. Curious...

Please let know to help a reporter out. Please keep responses to the point and short. Thanks.
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Author: hdporter
Posted: Thu May 10, 2007 1:36 pm
Post subject:

I personally believe that Cap 1 does everything it can to keep its "less than prime" customer base from straying elsewhere. There's no question that FICO calculates utilization on a Cap 1 a/c against reported high balance and, thus, their cardholders' credit standing is impaired vs the case were CL's reported. In circumstances where a cardholder has few other accounts, that can be quite effective in reducing attractive alternative offers.

Aside from Cap 1, it's widely discussed that prime "no pre-set limit" cards don't report limits. In truth, these cards don't have an assigned credit limit ... just a stated credit LINE that can be exceeded under the terms of the account.

This reporting is legitimate but, again, is troublesome since appearances are that FICO again will score utilization against reported high balance.

Author: cowb0ysfan
Posted: Thu May 10, 2007 2:23 pm
Post subject:

Somebody mentioned that Citi Premier Pass doesn't report CL or high balance.

At least with Cap1, you can charge up to your available CL and then PIF to establish your high balance which is then reported and factored into your utilization.

I also heard rumors that Cap1 will be reporting CL's before the end of this year.

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Author: smallfry
Posted: Thu May 10, 2007 5:12 pm
Post subject:

I had some HSBC cards that didn't report but its been a few years since I had 'em.

Author: mouse
Posted: Thu May 10, 2007 5:30 pm
Post subject:

They report HIGH BALANCE

Max it out (less $100) PIF

No credit limit is a non issue

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Balance Transfer Credit Card Advice From Experienced People

2007-05-29T15:22:00.001-05:00

Author: taz86
Posted: Sun May 06, 2007 5:54 pm
Post subject: people who have done BT's

does doing a balance transfer lower score at all just curious

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Author: mouse
Posted: Sun May 06, 2007 6:00 pm
Post subject: Re: people who have done BT's

taz86 wrote:
does doing a balance transfer lower score at all just curious

It may for a month or two

Say you do $5,000 with BofA and CITIBANK

One will be $5,000 less

One will be $5,000 more

THE SCORE IS THE SAME AFTER BOTH BALANCES UPDATE

Saving interest money is MORE important than a STINKIN' SCORE

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Author: taz86
Posted: Sun May 06, 2007 6:13 pm
Post subject:

thanks... but im just trying to learn about credit / loans like the do and don't cause I want to save money and have a good score like I said in my other post I want a house by 30 no later then 35

Author: TomfromCT
Posted: Sun May 06, 2007 6:51 pm
Post subject:

lets say you BT 5k off of a 20k limit card because a promo rate you had ended.

You move the 5k to a 6k limit card with a much better rate.

You make out financially. You suffer a bit on the score side. so what.

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Author: mouse
Posted: Sun May 06, 2007 7:36 pm
Post subject:

I have done probably 50+ BT's

Maybe 100+

Saving money on the APR is more important than any tempory score loss

You can use that FICO money for a STEAK DINNER FOR TWO AT A DECENT RESTAURANT

You could also pay less in that interest "IF" you use that FICO money to pay down your highest APR card

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CitiDiamond 0% Balance Transfer Promotion Credit Card Review

2007-05-29T15:15:00.000-05:00

Author: JoyJoy
Posted: Wed May 09, 2007 9:03 pm
Post subject: HD Porter -CitiDiamond 0% Life of the Balance Promo

Hey HD or anyone who can answer this question for me.

This promotion that requires two purchases after 5/1/07, to maintain a 0% for life balance, is it still possible to add more 0% balance transfers?? The reason I ask is that on the CitiDiamond site, the 0% offer still appears and says it will continue until the balance is paid in full. Are they referring to the balances already transferred?

I wrote Citi an email and asked "Hasn't the 0% balance transfer offer on my account closed as of 5/1/07? What is the current rate for balance transfers now on this account and what is the duration?"

Their response: "Our records indicate that 0.00% promotional offer for balance transfer on your account is valid til you make your payment in full, however, to better assist you, we need to speak with you directly."
???? LOL

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Author: mouse
Posted: Wed May 09, 2007 9:11 pm
Post subject: Re: HD Porter -CitiDiamond 0% Life of the Balance Promo

JoyJoy wrote:
Hey HD or anyone who can answer this question for me.

This promotion that requires two purchases after 5/1/07, to maintain a 0% for life balance, is it still possible to add more 0% balance transfers?? The reason I ask is that on the CitiDiamond site, the 0% offer still appears and says it will continue until the balance is paid in full. Are they referring to the balances already transferred?

I wrote Citi an email and asked "Hasn't the 0% balance transfer offer on my account closed as of 5/1/07? What is the current rate for balance transfers now on this account and what is the duration?"

Their response: "Our records indicate that 0.00% promotional offer for balance transfer on your account is valid til you make your payment in full, however, to better assist you, we need to speak with you directly."
???? LOL

"I thought I was speaking to you"

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Author: JoyJoy
Posted: Wed May 09, 2007 9:18 pm
Post subject:

my sentiments exactly Mouse!

These terms get confusing at times or else I'm just slow.

Author: mouse
Posted: Wed May 09, 2007 9:27 pm
Post subject:

JoyJoy wrote:
my sentiments exactly Mouse!

These terms get confusing at times or else I'm just slow.

"I'm sorry you are hinting that you are E-MAIL PHOBIC but I am not"

Author: Ira
Posted: Wed May 09, 2007 11:36 pm
Post subject:

Quote:
"Our records indicate that 0.00% promotional offer for balance transfer on your account is valid til you make your payment in full, however, to better assist you, we need to speak with you directly."

So obviously you don't want to know what they might have to say and you prefer to remain in the dark. If it was me I'd simply pick up the phone and have a short conversation. You've already wasted more time on this thread than it would have taken to make the call. Ok, that's your choice.

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Royal Carribean Visa Credit Card Review

2007-04-16T17:04:00.000-05:00

Author: lauren75
PostPosted: Fri Apr 13, 2007 1:13 pm
Post subject: Does anybody have the Royal Carribean visa card

I just got an email for one and you get 2500 points to start with. I am also cruising in September so I may do it & charge enough to get a $50 on board credit. Does anyone have any experiences with this credit card?

Author: direred
PostPosted: Fri Apr 13, 2007 8:06 pm
Post subject:

No, but I want it.

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Tips on Avoiding a Credit Card Rate Increase

2007-04-16T16:59:00.000-05:00

Author: AJ
PostPosted: Fri Apr 13, 2007 5:45 am
Post subject: The Top 2 Ways To Avoid A Rate Increase From Chase

The most important thing other than not having any negative info on your report is to NOT use more than half of your credit limit on any card. The lower the usage the better. They will frown against that. Also Chase will not suddenly raise your rate without a 15 day notice. It is against the law, believe it or not. If you have 10 cards with low balances, that will not make chase raise your rate. I have been dealing with chase since 1994 on and off with different cards. I presently have the world mc with flexible rewards at 29,600 zero percent until May 1 2008, then 8.9 fixed thereafter. I am constantly receiving PHONE CALLS letting me know I have been approved for this card, and that card. I say no, due to self control. 29k with them is enough for now.

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Author: fenster
PostPosted: Fri Apr 13, 2007 10:12 am
Post subject:

If the Chase cardholder is chicken enough, nancy enough and a bedwetter enough, then, sure, he will care about what fecking Chase will and won’t do to his rate. If one chooses to hem oneself into a tedious, ulcer-inducive box so Chase can be happy, he deserves that ulcer.

The fact of the matter is Chase and others may jack the cardholder’s rate if he farts in the wrong direction, and they may NOT jack his rates if he trashes his credit profile, ain’t no seta rules etched in stone. And it’ ain’t nothing that can’t be fixed with a phone call or two. Rolling Eyes

Author: AJ
PostPosted: Fri Apr 13, 2007 10:50 am
Post subject:

leave it to you to come up with a reply like that

Author: hdporter
PostPosted: Fri Apr 13, 2007 1:47 pm
Post subject:

FWIW, I have a Chase Sig. V card that I've maintained at 70%+ of it's credit line for almost a year (during my 18-mo 0% intro). No rate boost on that, or my other 2 Chase cards. (Ok, so it's at about 60% now -- they gave me a $5K auto CLI in Jan -- after having had the card just 8 mo.)

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Washington Mutual 0% Credit Card With 10% Cash Back for 6 Months

2007-04-16T16:52:00.000-05:00

Author: jrjdrayer
PostPosted: Wed Apr 11, 2007 8:06 pm
Post subject: WAMU 0% until 5/08 .....

on purchases and balance transfers made within the first 90 days. Interest rate is 8.9% after 5/08. After charging $ 4000, (it's tiered rewards before that,...goes up with each $ 1000) 5% cash back on grocery stores, gas, and drugstores. 10% cash back on gas for the first 6 months. Gotta say the 10% on gas right now is looking pretty good.

I was preapproved and went online. Got instant approval for $ 7000 and did a 3k balance transfer from my Chase card (my 0% ends in May)

Very Happy Very Happy Very Happy

Anyone else get this offer ?
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Author: multiplierx
PostPosted: Wed Apr 11, 2007 8:46 pm
Post subject:

"10% cash back on gas for the first 6 months."

Nice offer but most WAMU offers I've seen don't look too good after reading the fine print. Is there a limit on that 10%?

Author: jrjdrayer
PostPosted: Wed Apr 11, 2007 9:12 pm
Post subject:

I just re-read the disclosure and it says "You will earn a cash rebate for all net new purchases (new purchases minus returns and adjustments) that you make with your card during each rebate period (anniversary date )" There is no mention of a cap.

I had looked for that before I applied and didnt see it. I just re-read everything a few times and still I dont see a cap.

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Author: spjoink
PostPosted: Thu Apr 12, 2007 1:56 am
Post subject:

got the same offer ,but mine was until august 2008...i applied on the phone ...i will post update..i like the offer Laughing

Author: howardi
PostPosted: Thu Apr 12, 2007 5:49 pm
Post subject:

I got pre-approved but did not take up the offer.I have enough credit cards as it is.......But then again??

What were your scores like to get a $7000 CL??

TU: 716
EQuack: 711
EXP: 698

I have a few high balances etc...

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Credit Card That Gives More than 1% Cash Back

2007-04-16T16:39:00.000-05:00

Author: killerz298
PostPosted: Sat Mar 31, 2007 5:32 pm
Post subject: Rewards Card Question

I do a lot of travel on the Long Island Rail Road for work but I pay using my personal CC and get reimbursed. Is there a rewards card which gives more than 1% cashback on this type of expense?

If there isn't any card for that type of purchase, I was thinking of opening 2 credit cards, a Discover gas card to use for gas and auto purchases to get the 5% on that, and the citi drivers edge for my other purchases (6% supermarket and drug store first year then 3% after and 1% on other purchases). I will use the citi card for gas the first year and then switch over to the discover and use the citi card for everything else.

First off, does this sound like a good strategy for me as I don't have many expenses outside those categories and I am looking for cash back.

Secondly, would there be a problem if I applied for both cards at the same time or should I wait a certain amount of time between applying?

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Author: Brammy
PostPosted: Sat Mar 31, 2007 5:35 pm
Post subject:

Household Bank is trying to move into more prime ground and they are offering a Household bank card by invitation only 2% cash back on everything. No annual fe. 0% for 12 months.

Don't confuse it with the Orchard Bank card. There are two offers, I wouldn't reply to the one with the minimum limit of 300 on the back (my AU got that one), that one may give you a low limit. There is a second one without the minimum limit on the back that I understand gives a min 5k limit.

The one with the lower limit sts its household on the app the other says HSBC. I applied and was approved for 7500 but surpised when I logged in online after receiving my card to see HHB. Even the card doesn't say Household anywhere on it. Maybe this is their middle ground card. I knwo that this limit isn't the norm for Household Bank.

My experience with Household hasn't been the best but I was looking for a CB card and decided to give it a try since I PIF every month. Just using it for my normal monthly bills like the cable, groceries and such.

Author: bullwinkle29
PostPosted: Sat Mar 31, 2007 6:10 pm
Post subject:

amex true earning card 2% cash back for travel, NO TIERS AND NO MAXIUM. PAID ONCE A YEAR, IN YOUR FEB STATEMENT. IT COMES WITH A CHECK YOU REDEEM AT COSTCO FOR CASH

Author: Brammy
PostPosted: Sat Mar 31, 2007 6:16 pm
Post subject:

bullwinkle29 wrote:
amex true earning card 2% cash back for travel, NO TIERS AND NO MAXIUM. PAID ONCE A YEAR, IN YOUR FEB STATEMENT. IT COMES WITH A CHECK YOU REDEEM AT COSTCO FOR CASH

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Author: killerz298
PostPosted: Sat Mar 31, 2007 7:44 pm
Post subject:

bullwinkle29 wrote:
amex true earning card 2% cash back for travel, NO TIERS AND NO MAXIUM. PAID ONCE A YEAR, IN YOUR FEB STATEMENT. IT COMES WITH A CHECK YOU REDEEM AT COSTCO FOR CASH

What is the annual fee and do you have to get costco?

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Author: angelo21
PostPosted: Sun Apr 01, 2007 10:17 am
Post subject:

killerz298 wrote:

What is the annual fee and do you have to get costco?

Good question. I don't know. What I do know is that Costco will not allow you any transaction if you're not a member.
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Best Credit Card To Balance Transfer After Bank of America Rate Hike

2007-04-16T15:56:00.000-05:00

Author: hooknife
PostPosted: Wed Apr 11, 2007 2:20 pm
Post subject: Best card for me?

To make a long story short…..

I was paying minimum payments on my 10.9% Bank of America card with an $8000 balance for the last year or so while I paid down my other 2 cards to $0.00 balance. Last week I got my credit card statement in the mail and Bank of America decided to push my rate up to 19.0%! I then called them to find out what had happened and they explained that “because I was not using the card in the way that they had wished” they had no other choice but to up my interest rate. Please keep in mind I have not been late on any payments in the 8 years I had the card and I carried a balance.

WELL, SCREW THAT!

I wanted to see what card you guys would recommend I transfer my balance to. I want to transfer the 8k balance and pay it off within 2 years.

I have not paid late on any card in many years and my credit score is 726. I have a total of 3 credit cards, including the Bank of America card. Other then the Bank of America card I have 2k on each card. I also have a Best Buy and Banana Republic Card with $0.00 balance. I have a house and car loan also.

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Author: xace
PostPosted: Wed Apr 11, 2007 2:33 pm
Post subject;

American Express Blue.

Author: phantomega1
PostPosted: Wed Apr 11, 2007 3:37 pm
Post subject:

Definately American Express. I personally like Clear a little better than Blue, but they are pretty much the same card.

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Author: hooknife
PostPosted: Wed Apr 11, 2007 3:59 pm
Post subject:

Thanks for the info!

Why do you guys like American Express over other cards?

Author: xace
PostPosted: Wed Apr 11, 2007 4:27 pm
Post subject:

hooknife wrote:
Thanks for the info!

Why do you guys like American Express over other cards?

I like American Express because they are not stingy with limits. Also if you ever need to dispute a charge the process is very easy. AMEX doesn't screw with your apr as long as you pay them per Terms and Conditions. AMEX may not be accepted EVERYWHERE, however they are the best credit card company to deal with.

Also when your a card member for a certain amount of time and you spend a good amount of money, they may offer you there AMEX Black card. The best consumer card on the market.(Some may feel different about this, do to the annual fee)

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Turning a Secured Credit Card into an Unsecured Credit Card

2007-04-16T15:36:00.000-05:00

Author: jrwilheim
PostPosted: Mon Apr 09, 2007 8:51 pm
Post subject: Strangeness with First Premier

Okay...I've recently obtained three new unsecured cards and therefore have requested First Premier to turn my secured account (for all of $500) into an unsecured card.

Tonight, I got a response back that was really no response at all. They wanted my W-2s and recent pay stubs to verify my income and employment.

Now, I have NEVER had a credit card company ask for this. Usually, they've asked for my income, but just asked me to state it. I find asking for this information highly intrusive (as well as inconvenient, since my current income is from a variety of sources, many sort of informal and off-the-books).

Has anyone else been treated this way by First Premier?

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Author: Ri
PostPosted: Tue Apr 10, 2007 1:05 am
Post subject:

I am sorry to hear that you are using first premier. If it was just to get your credit established then try and get a different card now that you have been with them for a while and seem to be keeping up and all.

Sorry but I have never used them myself.

Author: sb1966
Post subject: Re: Strangeness with First Premier
Reply with quote

jrwilheim wrote:
First Premier to turn my secured account (for all of $500) into an unsecured card.

Tonight, I got a response back that was really no response at all. They wanted my W-2s and recent pay stubs to verify my income and employment.

Has anyone else been treated this way by First Premier?

I used to have a FP but the fees were just crazy for me...I would forget that in additional to my $5 candy purchase I had to look forward to at least 15 additional fees every month Sad

Anyway, they seem to be playing games with you. Actually, when I first go the card it was unsecured. Did you have to send in a deposit or are you referring to the monthly fees as being a form of secured?

If the later is true, there is NO waay they will remove those fees - it's their bread and butter. The lodgic behind the fees is if someone defaults (and they believe most will) they really have recouped their money in monthly fees.

If you've made your payments on time, why not try for an Orchard acct if you're credit is no quite where you want it to be.

If it's even better than than, try for one of these subprime cards...their fees are generally just a one time annual fee $19, $29, etc for the card. Much better by far than FP

#1 WAMU
#2 Juniper
#3 Merrick

I list these because of course they are no AMEX, Chase or Discover, but to those reestablishing they are the best with the best rates.

Good luck

Author: angelo21
PostPosted: Tue Apr 10, 2007 12:00 pm
Post subject:

Sub-prime issuer. If you already acquired 3 unsecured products FP has served its purpose. Move on. Get your $500 back. Remember tough that the information requested can be requested by a prime issuer also. Anyone can request proof of income.
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Best Professional Business Credit Card Review

2007-04-16T15:14:00.000-05:00

Author: phantomega1
PostPosted: Tue Apr 10, 2007 4:09 pm
Post subject: Any other "Professional"business cards?

I just got the Chase Professional card, and I was wondering if there are any other banks that offer the same kind of card, meaning a business card that does NOT report on personal credit bureaus, but only requires you to fill out your personal info on the application. I do a lot of freelance type work, and I want to keep my business expenses separate, but I do not have a business address or company name or any of that stuff that a lot of applications require. Chase Professional seems to be the only business card that I can find that only requires the applicant's personal info. Anyone know of others?
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Author: crybaby
PostPosted: Wed Apr 11, 2007 12:12 am
Post subject:

Citibusiness with ThankYou is a similar card. 12 months 0% checks to self to boot.

Author: phantomega1
PostPosted: Wed Apr 11, 2007 9:51 am
Post subject:

Does anyone know if the Citi Professional w/ Thank You report on personal credit bureaus?
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Author: crybaby
PostPosted: Wed Apr 11, 2007 9:55 am
Post subject:

It does not. Correction: the citi professional does report to personal CR. The citibusiness w/ thankyou does not. Sorry for earlier misinformation.

Author: angelo21
PostPosted: Wed Apr 11, 2007 12:19 pm
Post subject:

Amex also has a good business product. Detailed statement, etc. However, if you apply, it will report.

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Author: crybaby
PostPosted: Wed Apr 11, 2007 12:25 pm
Post subject: Reply with quote

I also have tha american express platinum business rewards CREDIT card and it doesn't report ot personal CR's.

Author: angelo2
PostPosted: Wed Apr 11, 2007 1:48 pm Post subject: Reply with quote
I know people who have an Amex Gold that reports. On the other hand, my business had a Gold that did not. The reason was the "company" applied, not me.
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CitiBank Drivers Edge Credit Card Review

2007-04-16T15:09:00.000-05:00

Author: killerz298
PostPosted: Tue Apr 10, 2007 7:59 pm
Post subject: Citibank Driver's Edge

Is there ever a sign up bonus for this card? I want to open one but don't know if I should wait and maybe get a bonus for opening it. As of now I see nothing except 6% supermarkets, drugstores and gas stations for first 12 months.

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Author: multiplierx
PostPosted: Tue Apr 10, 2007 11:36 pm
Post subject: Reply with quote

I've never seen one. I got this card about 4 months ago. It's still a very good deal otherwise.

Author: angelo21
PostPosted: Wed Apr 11, 2007 12:16 pm
Post subject:

Never seen one. Maybe someone else has.
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Merchants Charging Fees to Use Credit Cards and Debit Cards

2007-04-12T23:54:00.000-05:00

Author: kellyashleymandy
Posted: Fri Mar 30, 2007 12:22 pm
Post subject: Merchants Charging a fee to use debit or credit cards

Can we please pass this message to everyone we can..

According to MasterCard (800) 627-8372 and Visa (800) VISA911 and American Express (800) 528-4800

Merchants cannot charge you a fee to use your debit or credit card or ask you to buy a certain amount. This is called a Merchant Violation at the POS (point of sale)

Has this ever happened to you? it happens a lot to me here in Las Vegas. This is my new hobby I am reporting everymerchant in my city that charges this "surcharge"

We can all save money reporting those stores that impose a fee or ask you to buy at least a certain amount.

Call those number above and your credit card company to make an incident report or merchant violation report.

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Author: xace
Posted: Fri Mar 30, 2007 12:31 pm
Post subject:

Thank you for this info I thought it may be legal for the merchant to require you to buy a minimum amount. I will tell the cashiers for now on that they are in merchant violation at POS.

Author: Ira
Posted: Fri Mar 30, 2007 1:21 pm
Post subject:

Technically it is not legal for merchants to require a minimum purchase either. However, many of your small convenience stores do impose a $10.00 minimum on all credit card purchases. The thing is if the credit card companies came down on them they would simply give up credit cards altogether since probably 90% of their purchases are under $10.00 and their volume just wouldn't be high enough to qualify for a fairly low merchant processing fee. They would lose their shoe laces if forced to take credit cards for these small purchases. Hence everybody usually just looks the other way.

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Author: Polonius
Posted: Fri Mar 30, 2007 5:32 pm
Post subject:

The way merchants skinny around this technicality is to tell you that there isn't a premium for credit cards--but they do give you a discount for cash. The prices you see in the store have the cash discount built in already, so if you pay with a credit card you pay more because you don't get that cash discount.

The terms of sale agreed to by merchants say you can't charge extra for credit card usage, but you can give a cash discount. Fun and games with words and technicalities in my opinion.

You also cannot be required to show identification other than the card for purchases. Try to explain that nicety to the clerk who won't process your transaction unless you show ID or give a phone number!

Author: gnelson
Posted: Sat Mar 31, 2007 10:20 am
Post subject:

Polonius wrote:
You also cannot be required to show identification other than the card for purchases. Try to explain that nicety to the clerk who won't process your transaction unless you show ID or give a phone number!

I used to wish they would require ID - it would have gone a long way to help the fraud situation (which we all end up paying for eventually). But now with the swipe-it-yourself checkouts it would be almost pointless.

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Author: angelo21
Posted: Sat Mar 31, 2007 10:21 am
Post subject:

Many of the merchants in my market have a sign posted stating that a $5 or $10 minimum purchase is required to pay with a cc or debit card.

It’s never bothered me since our purchases exceed that amount.

Author: gnelson
Posted: Sat Mar 31, 2007 10:25 am
Post subject:

I don't know what it is now but it used to be about 3% of the sale that the merchants were charged for CC purchases. Smaller purchases often have less markup and makes it harder to absorb this.

Like IRA said above, it would especially hurt a place like a convenience store that only has small transactions.

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Converting a General Discover Credit Card Into a Discover Platinum Credit Card

2007-04-12T23:23:00.000-05:00

Author: mantras
Posted: Thu Apr 05, 2007 11:35 am
Post subject: Discover convert?

I was wondering if you can convert the general Discovercard to a platinum or any of their new versions? I'll have to dig out my card and give them a call. I bet they'll want me to apply for a new card and that isn't going to happen.

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Author: hesiden
Posted: Thu Apr 05, 2007 12:26 pm
Post subject:

They let you convert. I've gone from classic (or whever it was called before there was such a thing as platnium) to platnium to gas to restraunt and back to platnium.

Author: mantras
Posted: Thu Apr 05, 2007 12:35 pm
Post subject:

Sweet, thanks. I'm even thinking of going for the hard pull to get a decent credit limit. I have no inquires for over a year anyways.

Author: hesiden
Posted: Thu Apr 05, 2007 12:38 pm
Post subject:

If it matters they'll do smaller increases without a hard pull. The CSR will as how much and just say as much as you can without the credit inquery. Unless, of course, you don't care if you get a hard pull.

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The Discover More Card Credit Card Review

2007-04-12T23:08:00.000-05:00

Author: AJ
Posted: Mon Apr 02, 2007 5:08 pm
Post subject: Discover Has Replaced their "Platinum" card

I recently noticed it on their website under apply for a card and also after I sign in to my account. No longer will they advertise or issue platinum cards. It is now know as "The Discover More Card" why, I'll never know
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Author: xace
Posted: Mon Apr 02, 2007 5:42 pm
Post subject:

I like Discover Platinum better. Hey mayby they will Discover More credit line increases? lol Perhaps not.

Author: angelo21
Posted: Mon Apr 02, 2007 5:59 pm
Post subject:

AJ,

Is that for all their platinum products?

Mine was issued through Sam's. It's due to be renewed in the coming months. We'll see.
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Author: AJ
Posted: Mon Apr 02, 2007 6:41 pm
Post subject:

no new cards issued far as I know
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Author: MindBender
Posted: Mon Apr 02, 2007 9:30 pm
Post subject: Plat Discover

I just received a new card from Discover - Platinum.

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Author: hankreardon
Posted: Tue Apr 03, 2007 5:53 am
Post subject:

Speaking of Discover (and btw, last time I logged in to discovercard.com, there was a note saying that Platinum cards have been renamed Discover More cards), there is a question I've been thinking about lately. How on earth can they do all of these 5% cash back offers? As far as I know, their interchange fee is <2%, so that can't be where the 5% is coming from. So then I thought it must all be cross-promotions with different merchants, but I find that kind of hard to believe considering who they have partnered with. For example, you can get 5% cash back at the Apple store. Apple almost never offers promotions. If I buy a MacBook Pro for $2000, that is a full $100 Discover is giving me. Whose $100 is that!?

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Basic Credit Card Limit Increase Tips

2007-04-12T23:00:00.000-05:00

Author: Nathan
Posted: Wed Feb 02, 2005 11:29 am
Post subject: Credit Limit Increase Sticky?

I really think a sticky where people can give their experiences with CLI's would be very helpful.

Maybe in a format like this:

C.C. Issuer?:
Existing Limit?:
Increase Approved?:
New Credit Limit:?
New Credit Bureau Pulled?:
If So, Which Credit Bureau?:
FICO?:

The reason I ask is I'm a little in shock of this one myself...

C.C. Issuer?: US Bank
Existing Limit?: $4,000
Increase Approved?: Yes
New Credit Limit:? $14,000
New Credit Bureau Pulled?: No
If So, Which Credit Bureau?: N/A
FICO?: N/A

I thought US Bank was pretty conservative.

Moderators, is it possible to do a sticky like this?

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Author: Board Monitor
Posted: Thu Feb 03, 2005 11:20 am
Post subject:

Nathan,

Good idea. Thanks! And, by the way, congrats! Are you sure they didn't pull your credit? Did you request the line increase?
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Author: Nathan
Posted: Thu Feb 03, 2005 11:20 am
Post subject:

Hey Curtis, what do you think? Am I of base here?
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Author: Nathan
Posted: Thu Feb 03, 2005 11:30 am
Post subject:

We responded at the same time... What are the odds of that?!

Thank you!

Author: Nathan
Posted: Thu Feb 03, 2005 12:36 pm
Post subject:

US Bank branches are new here in town and I just opened a checking account. I set up the credit card to withdraw payments automatically from the checking -- but for whatever reason it didn't take, so I had a late payment...

I called them annoyed and disgruntled because of the error. The CSR was great. I asked the question "How does this affect my relationship with US Bank, will this be held against me?" She consoled me very well. Then she checked something and offered me a card upgrade (platinum to signature), increase etc.

I asked her if she needed to pull a new CBR like 4-5 times and she assured me she didn't. I checked PG the next day and no hard inquiry!

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Author: cabledude
Posted: Sat Feb 05, 2005 3:45 pm
Post subject:

OK I'll bite

Citibank
Limit: $3,600 (my lowest)
CLI: $5,000
New Limit: $8,600
Pulled: TU
Score: about 670 FAKO

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Author: cabledude
Posted: Sun Feb 13, 2005 5:21 pm
Post subject:

MBNA
Limit: $20,000
CLI: $1,000
New Limit: $21,000
Pulled: NA (Auto CLI)
Score: about 680 FAKO

I use the bill payer service and make large payments monthly. They always seem to throw me a bone every few months. I think they like the heavy usage.

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0% Balance Transfer Credit Card is Expiring

2007-04-12T22:48:00.000-05:00

Author: Alecia
Posted: Wed Feb 07, 2007 4:09 pm
Post subject: Life of the Balance Credit Cards

I have a couple of 0% balance transfer cards that will expire - one in September, 2007 and one in January, 2008. I also have an Amex Blue Cash with balance transfers at 2.99% and an Amex Blue with a balance transfer at 4.99% and I am very pleased in knowing that these balances won't expire. Are there any more cards out there with low life-of-the-balance options? I really prefer these as I don't have to always hunt down 0% cards or wait for them to show up in my mailbox. Perhaps this sounds crazy, but I really like to know I am planted until my balance is paid in full.

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Author: shan7
Posted: Thu Feb 08, 2007 11:46 am
Post subject:

Funny..it was just yesterday when I came home from work and checked my postal mail that I saw an offer for 5.9% from RBS (Royal Bank of Scotland).

Also....check Pulaski Bank at 7.9% - follow link ...

http://www.cardratings.com/lowrateplatinumcreditcards_a.html
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Author: Alecia
Posted: Thu Feb 08, 2007 1:06 pm
Post subject:

Hi Shan and welcome to this forum! Nice folks here.

I appreciate you directing me to the low-rate cards.

Alecia

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Author: LustfortheMoment
Posted: Fri Feb 09, 2007 12:09 am
Post subject:

Here's a CitiBank card that is 0% for LIFE. Use F1K7 as a code. You have to make two purchases/month to keep the card active. With minimum payments I would guess that you could carry a balance for around 6 years.

CITIBANK

Author: maddybeagle
Posted: Fri Feb 09, 2007 10:36 am
Post subject:

http://www.fatwallet.com/forums/messageview.php?catid=52&threadid=662414&highlight_key=y&keyword1=citibank+life

http://i9.tinypic.com/2ujk3f7.jpg

sorry but that citi code has expired....If you are going to take stuff from FW, you should at least reference it....

Author: Ira
Posted: Fri Feb 09, 2007 5:49 pm
Post subject:

No it hasn't expired. I just logged on a few minutes ago.

It's the Citi Diamond Preferred Card. It still shows 0% balance transfer fee for the life of the loan as long as you make 2 purchases per month. I don't know what the Fat Wallet reference has to do with anything. If they referenced it, good for them, but they aren't the only ones. There are many ways you can get an offer code, including direct mail.

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Choosing the Best American Express Credit Card

2007-04-09T22:49:00.000-05:00

Author: xxrice
Posted: Wed Apr 04, 2007 1:30 am
Post subject: American Express Card or American Express from a bank?

What are your opinions?

Bank of America Rewards American Express Card, or Blue Sky from American Express or American Express Blue?

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Author: xace
Posted: Wed Apr 04, 2007 8:19 am
Post subject:

I have both Bank of America American Express card and American Express Blue. I use my American Express Blue for everything. My Bank of America AMEX is a AMEX back-up to my AMEX Bue. When I shop online and cant use AMEX, I use my Chase Plat. IMO I think you should get either AMEX Blue Sky or reg AMEX(depending on how much you travel) and then try to the Bank of America AMEX card. It helps if your a current account holder at Bank of America also.

My 2 cents.

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Great Credit Card Combinations for Rewards

2007-04-09T22:15:00.000-05:00

Author: georgee
Posted: Tue Apr 03, 2007 5:34 am
Post subject: Credit Card Combo

I use AMEX Blue for everything, a Visa for backup when AMEX is not accepted, and Discover Gas only until I reach the AMEX $6500 tier or for auto repairs, which are minimal.

If I cut out the Discover Gas altogether, and just use the AMEX for ALL gas (about $325 monthly), I presume that I will reach the 5%, 1.5% tier for AMEX sooner, and thus, earn more rebate on AMEX than I would have if I had stayed with Discover for under the $6500.

Will this make up for the rebate I will lose in the beginning (under AMEX $6500 tier) by not using Discover?

I would like to get down to two cards, but only if I don't lose money. I charge about $40,000 annually, and about $35,000 is on AMEX.

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Author: hdporter
Posted: Tue Apr 03, 2007 6:11 am
Post subject:

Ok, so here's some math:

You currently spend $35K in annual Amex purchases, and about $4K in gas on Discover Gas at present. Call it $9 Amex for every $1 gas (or gas = 10% of purchases).

So, right now you're earning 5% on that $4K gas, or $200. If you move that $4K of gas to your Amex card, your total Amex purchases go to $39K.

Of the first $6500 in Amex spending, $650 can be expected to be on gas (10%). You earn 1% on that ($6) vs. the 5% of Discover ($32), a reduction of $26. The other 3350 in gas purchases will earn the same rate on Amex as they currently do on Discover.

You've displaced $650 of Amex purchases currently in the first $6500 of spending with gas, so now that $650 (in being bumped up to the next rebate tier) now earns an addtional 1% ($7).

To, all told, the impact of moving your gas to Amex will be a decrease in annual rebate of about $20.

Author: LustfortheMoment
Posted: Tue Apr 03, 2007 7:28 am
Post subject:

Porter's assessment seems pretty cogent.

I use my 5% HSBC or Chase Reward cards for EDP and AMEX for non-EDP until I reach the $6500 tier. Then I switch to AMEX for everything. Unfortunately, the HSBC and Chase cards are no longer available.

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Author: georgee
Posted: Tue Apr 03, 2007 9:34 am
Post subject:

Dear hdporter:

Thanks for your response BUT . . .

Discover Gas has a $1200 annual spending limit for the 5%. So you can only earn $60 at 5%. After that, the usual crummy Discover card rebate percentages apply, which I would never use.

Please advise how this changes your math. I am kind of dumb when it comes to Math ( but great with grammar).

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Author: hdporter
Posted: Tue Apr 03, 2007 3:21 pm
Post subject:

georgee wrote:
Discover Gas has a $1200 annual spending limit for the 5%. So you can only earn $60 at 5%.

In that case, the Discover Gas earning on $4K of gas purchases would be $88, not the $200 I originally suggested.

I originally indicated a net decrease in total purchase rebates of $20 from moving your gas purchases from Discover Gas to Amex. Instead, your rebates would be increased by $92.

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Which is the More Popular Credit Card, Mastercard or Visa?

2007-04-09T22:09:00.000-05:00

Author: hankreardon
Posted: Tue Mar 27, 2007 2:51 pm
Post subject: Vanishing VISA

It occurred to me today that I do not have a single VISA credit card. Aside from American Express and Discover, all my bank cards are Mastercard (2 BoA, 1 Chase, 1 Capital One). Meanwhile, both of my debit cards are VISAs. Is this by design or just a weird coincidence?

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Author: Brammy
Posted: Tue Mar 27, 2007 2:55 pm
Post subject:

Thats a good question. MC outnumbers VC in my wallat aswell. I have two Visa and 4 masterCards. It does seem that mosto f my offers are MC are Visas getting scarce.

Author: hdporter
Posted: Tue Mar 27, 2007 3:50 pm
Post subject:

VISA is alive and well in my credit card portfolio.
- 3 of my 4 BA accounts are VISA cards (the other is AMEX)
- 3 Chase a/c's are all VISA.
- Citi, of course, almost exclusively issues MC.
- My other 4 majors are comprised of 3 VISAs and 1 MC.

Your BA MC's are in the minority of the cards featured on their website.

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Author: shan7
Posted: Tue Mar 27, 2007 4:47 pm
Post subject:

Hmmmmm...food for thought.
Mine are mostly Mastercard. And yes...all of my debit cards are Visa!
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Capital One Credit Card Reporting Tips

2007-04-09T21:57:00.000-05:00

Author: sb1966
Posted: Mon Apr 02, 2007 3:48 pm
Post subject: Capital One: No plans to submit true credit limits.

I'm hoping that the weekend reps are not given all updates...

If this is not the case - I spoke with an account rep over the weekend and wanted to know (based on another forums input) if they were planning to report customers entire credit line by years end to credit bureaus.

After she played word games with me (which actually was a good indication they were not making plans) I finally asked "I know you report my payments to the credit bureaus every month, but my question today is are you planning to report my entire credit line by the end of the year?

Her response was "she was not told they were planning on doing anything like that" for customers.

So, again, I hope she just was not aware of Cap1s plans, but most like they are not.

You know, they should realize that not reporting lines is not really giving them an advantage to keep their customers. People are shopping around for the best rates and competitors are meeting credit lines w/o Caps posting to bureaus.

Just thought you'd like to know

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Author: sb1966
Posted: Mon Apr 02, 2007 10:22 pm
Post subject:

Someone on another forum stated their way of somewhat forcing Cap1s hand in reporting their credit limits was...

writing a check to themselves (of course leaving a little cushion just in case).

...after the funds are pulled, they write a check back to pay the Cap1 bill.

My question to whomever made that post or anyone else who may know - after you write the check and funds are pulled from the Cap1 account, how long do you wait before paying the Cap1 bill?

I ask so that if there has to be a certain amount of time in order for Cap1 to report to bureau I want to let that time and no more pass before paying the bill.

Thanks for the help because this may be the only way to get this credit line to report to (ALMOST) the penny.

Author: bullwinkle29
Posted: Mon Apr 02, 2007 11:09 pm
Post subject:

AFTER STATEMENT CLOSING DATE.

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Author: sb1966
Posted: Tue Apr 03, 2007 2:16 pm
Post subject:

Thanks, Winkle...this is a helpful work around to Caps marketing tactics.

Author: Brammy
Posted: Tue Apr 03, 2007 3:19 pm
Post subject:

Seems their answer depends on who you talk to on the customer service line. I decided to send an email to see what they are willing to put in writing

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Credit Cards That Report to Credit Agencies

2007-04-09T21:50:00.000-05:00

Author: kgsd
Posted: Fri Mar 30, 2007 8:04 pm
Post subject: Card recommendation and credit report question

Hi! I'm new here. I am in the process of tying up loose ends on my credit report.

I have a Discover card and a Citibank MC, neither of which I carry a balance on. But

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the MC isn’t reported to the credit bureaus. I want to open up another card to maximize the “available credit” as shown on my credit report.

First, can anyone recommend a card that DOES report to the credit reporting agencies? Unfortunately most of the credit card search engines don’t include information about that. I know it’s a minor thing, but a) this is the whole reason I’m opening another card, and b) I don’t want to give any more business to cards that don’t report limits. I’d like it to have a reasonably low APR in case I do need to carry a balance in case of an emergency. I have good credit.

Second, what’s the rule of thumb for how many new accounts you can open in a certain period of time before it starts affecting your credit score? I opened the Discover card fairly recently and I’m wondering if I should wait a few months to get a new card (to maximize my score and therefore get me the best deal on a card), especially since I don’t need it any time soon.

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Author: Brammy
Posted: Fri Mar 30, 2007 8:12 pm
Post subject:

One of our more revered posters has the saying, get credit while you can get it not when you need it and can't get it. If your credit file is fairly young, you don't have to worry about the average age too much at this point. You start running into trouvble when you have years under your belt. One card open for ten years open one more and your average age drops to five years. 10 card opened ten years open one more, not much of a hit at all.

Author: kgsd
Posted: Fri Mar 30, 2007 9:58 pm
Post subject:

Thanks for the reply. I'm not sure I understand it, though.

My oldest account is about 11 years old. I'm not too concerned with the total number of accounts I have open, just the number of new accounts. In the past I've seen "too many accounts opened recently" as a negative on a credit report.

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Author: angelo21
Posted: Sat Mar 31, 2007 10:12 am
Post subject:

Look for Chase, Amex, Citi or BoA for cards that report. If you go the Amex route, shy away from Green (charge card). If you’re looking to create history and reporting available credit lines, stay away from Cap 1.

Author: Bluemeanie
Posted: Mon Apr 02, 2007 5:57 am
Post subject:

HSBC(Orchard, Household, GM, Union Plus,HSBC) reports to the credit beureau monthly

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Capital One Visa Credit Card 0% Purchases

2007-04-09T21:40:00.000-05:00

Author: socalcrazyboy
Posted: Wed Mar 28, 2007 10:35 pm
Post subject: GOT APPROVED!

So I got approved for a Capital One Visa Card. just a $2000 limit. 0% on purchases till October this year, then 8.9% after. Should I activate it once I get it? Are they a good bank? Or should I close it considering the amount of cards I already have? Any suggestions, here's what I have.

American Express Blue $8000
Bank of America World Points Master Card $2000
Bank of America World Points Visa $1200
Citi Bank Diamond Preferred Rewards Master Card $2000

Gap Card $1050
Chevron Card $600
Nordstrom Card $500

I've had credit history since about 2004. and the balances are pretty much $0, except for AMEX, it has like a grand (use it the most, i luv AMEX) My current scores are Equifax 709 Experian 709 Transunion 718.

Will keeping the Captial One open hurt or improve? Or should I just close it right away?

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Author: AJ
Posted: Thu Mar 29, 2007 5:52 am
Post subject:

Cap 1 sucks. They don't report limits, just high balance on your reports and you can forget about frequent credit limit increases. I have had a cap 1 card since 2001 . I have been stuck at 10.5k. They won't lower my rate, therefore I have a zero balnce with them. Unless you just have to have it , carry on!

Author: angelo21
Posted: Thu Mar 29, 2007 8:31 am
Post subject:

Many have had a mixed experience with Cap 1. I personally don’t have one of their cards, my wife does.

If you plan to travel abroad you may want to keep it simply because they have no transaction fee.

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Author: Brammy
Posted: Thu Mar 29, 2007 9:06 am
Post subject:

Don't forget that they only report QUARTERLY according to their rep. I maxed mine out to show a limit and paid it off first statement now it will report maxed out for the next three months Killing my FICO

Author: direred
Posted: Thu Mar 29, 2007 6:27 pm
Post subject:

They do report monthly, it's just that their reporting to EQ is behind.

They also report highest limit ever, not at statement close.

Oh, and they're supposed to be reporting limits by the end of the year.

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Author: artcubed
Posted: Thu Mar 29, 2007 6:59 pm
Post subject:

I've had a mixed experience with Cap1.

Yes, it only reports high balance, but if you max it out and pay it off, that problem also goes away. I also read that most FICO calculations are now excluding cards that don't report limits.

The no foreign transaction fee is nice indeed.

In my experience, they only report quarterly if you have a 0 balance, if you have a balance they will report monthly. So if you're going to pay off a balance you have on there, pay it down to $5 then pay it off completely to get it to report more quickly.

You might be able to get a CLI, just call up and ask to cancel, citing the credit limit as the reason. This got them to double the limit for me.

A mixed bag indeed.

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How to Calculate Credit Card Payments

2007-04-09T21:38:00.000-05:00

Author: ALex
Posted: Tue Apr 03, 2007 12:58 pm
Post subject: Minimum payment calculations

Does anyone know what formula Chase and American Express use for the required minium payment.. BOA uses 1% plus fc plus any fees for that month? Thanks

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Is US Bank Credit Card Company a Subprime Lender?

2007-04-09T21:22:00.000-05:00

Author: xace
Posted: Mon Apr 02, 2007 8:56 pm
Post subject: US Bank

Is this considered a subprime lender? Also do there cards look like they do on the website? How hard is it to get in the door with US Bank?

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Author: magnus351
Posted: Mon Apr 02, 2007 9:35 pm
Post subject:

usbank is not a subprime lender. and getting there cards is difficult if you've ever had problem credit.

Author: Chazmanian
Posted: Mon Apr 02, 2007 11:06 pm
Post subject:

Absolutely love my US Platinum Biz; card. Excellent customer service...Nice intial limits. I'm told that they will CLI every 6 months like "Clockwork"...My Biz' card is at 0% for the first 9 months. 11% I think afterwards?

Not subprime by anymeans but the rate after the intro could be better.

I dont use anything after the intro so WTH?

I had a invite letter and they pulled Experian. My Exp is over 700 by just a touch...Lots of Inquiries didnt phase em'. 15K intial limit and 1% minimum payment due on the intro offer.

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Author: hate2work
Posted: Tue Apr 03, 2007 12:01 am
Post subject:

US Bank is very good, definitely not sub prime.

Great CS, and an award winning, easy to navigate website as well.

Author: angelo21
Posted: Tue Apr 03, 2007 10:54 am
Post subject:

I don't consider USB sub prime either.

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