Author: JaneiR36 Posted: Sat Aug 27, 2005 7:55 pm Post subject: Cap One purchase checks... too good to be true?
I just had to go back home today because a place where I was doing an application would only accept cash or checks, and I didn't have enough money in my bank account. On my way home I quickly remembered Cap one purchase checks and how everyone here kept raving that they do not charge a fee to use them and you get charged your regular APR.
So I ripped open my latest statement, found a check and rushed back and paid it to the same place that wouldn't accept my Visa card. Almost like tricking people and organizations that you're using a check when you're really using credit!!
So now I'm thinking, would this work for everything? I mean, can I pay rent, and my power bill using these access checks? Other than the expiration date, what's the catch?
I'm pretty good about paying up any debt I've racked up once I see my pay"check" in my bank account, but especially with differing due dates on different accounts, it's hard to keep up sometimes. Also the companies in question do NOT do credit cards, else that would have been my preferred method.
Author: maddybeagle Posted: Sat Aug 27, 2005 8:34 pm Post subject:
Sounds like a good deal. I think Polonius mentioned that was the case and they have a grace period like any regular cc purchase? I dont have a cap. one account, but maybe I should start one. A lot of utility bills you have auto. pay on your cc. I do that on my rewards card.
Author: Polonius Posted: Sat Aug 27, 2005 8:37 pm Post subject:
No catch. I do this all the time. Just make sure of the details, since Cap1 has lots of different cards and lots of different terms.
For my two Cap1 accounts, a purchase check has no fee, can be deposited right into my bank account, and is treated as a purchase--usual grace period. As it happens, my latest Cap1 statement arrived this morning. On the second page are two purchase checks, one already filled out with my name as payee, the other blank. Both expire 9/30. My closing date is 9/24, so I'll pay off the check I used on 7/26 on 9/22 or so, wait a couple of days, and then deposit the check in my own bank account on 9/26 or so (once I know for sure the funds are once again available in my account to use). That check will show on my 10/24 statement, and I'll pay it off around 11/22. And I'll do it again if I can.
Author: JaneiR36 Posted: Sat Aug 27, 2005 10:38 pm Post subject: Capital One Purchase Checks Review
ARRRRRRRRRRGGGGGGGHHHHHHH!!! I feel like a TOTAL idiot!!
I just volunteered about $42 to Cap one this past month. A relative abroad needed money, so I decided Western Union was the safest way to do it. I also chose this method because I was too lazy to research other transfer methods. Additionally, because I didn't want to wait one week till I got my next paycheck, I used my Cap One credit card number to fund the purchase.
STUPID, STUPID, STUPID!!! I didn't realize it would count as a cash withdrawal, so I got hit with 3% of $1075 fee. I also got hit with ~$10 finance charge because I didn't even realize this had happened. End of the month I see all that and my eyes are bulging out of their sockets. How did I work so hard to save all this money on interest, getting new accounts, etc, then just give away this money? Talk about saving pennies, losing pounds.
Anyway, even if I didn't want to wait that one week, I could have EASILY avoided this by using the Cap one deposit check, put the money in my checking acct, and then used my debit card to send the money. Wow... Cap One offers so many financial services now I just feel bad for not knowing before.
Have you been receiving those offers for Mortgage financing? I don't know if they've always done this, but if not, it looks like they're earning trust among their customers and now going for bigger fish. I wish them the best!!
Author: JaneiR36 Posted: Sat Aug 27, 2005 10:45 pm Post subject: Capital One Purchase Checks Review
well, I think I found the catch
Only two checks...lol and one already made out to your name? Can you scratch off your name and address it to someone else? They're probably absorbing some check processing fees doing this aren't they?
Author: jamric Posted: Mon Jul 03, 2006 2:24 pm Post subject: Amex, Dillard's, and Orchard Bank cards questions
1). Should I apply for a card from Orchard Bank if I declared BK (included in the debt was $5,000 owed to HSBC Bank, Nevada, which owns Orchard Bank)? Would they still hold a grudge? I am looking around for an unsecured credit card.
2). Secondly, I applied for a Dillard's Card. Do I have good chances of getting a card with a credit score of 577 and only one active credit account of $750?
3). Third, considering that GE Credit handles the Dillard's Card, would it be easier to get the Dillard's Amex card eventually rather than a green card directly from Amex?
4). And lastly, how difficult is it to get a Dillard's Amex card? (I'm thinking of my long-term credit repair goals here)
Author: jdawg76014 Posted: Sun Jul 02, 2006 11:30 pm Post subject: Please help! Question about the Providian credit card.
I applied for this card over a week ago and it said my application was under review . When I call to check the status of my application the woman says it is taking 3-4 weeks to process it. Does it really take that long
Author: davej Posted: Mon Jul 03, 2006 12:26 am Post subject: Providian Credit Card Review
Normally it doesn't take that long unless they need to verify something... How's your credit?
Author: mouse Posted: Mon Jul 03, 2006 1:55 am Post subject:
I WAS DENIED IN LIKE A WEEK or TWO
Author: jdawg76014 Posted: Mon Jul 03, 2006 4:19 am Post subject: Providian Credit Card Review
My credit score is about 660-670. I dont know if thats good enough to get the Providian card.
Author: davej Posted: Mon Jul 03, 2006 5:24 am Post subject: Providian Credit Card Review
That should be enough if it's not a drop from the 700's club.. In other words if you're there not because of recent derogs. Give it a couple more days, and call back to re-check the status... Sometimes you get different things from different reps...
Author: jlrdc909 Posted: Mon Jul 03, 2006 6:30 am Post subject: Providian Credit Card Review
I think they tell you to give themselves time to process. In this day and age a yes or no should be given instantly, you probably are a "maybe" for some reason and they need to take a closer look at your credit report.
Author: jojo Posted: Sun Jun 18, 2006 3:45 am Post subject: Question about the "luv button ",plz help.
where is the luv botton locate on A/E website? Chase and Boa have botton too?if yes,where is the botton? i been looking for luv botton for long time,just can't find it
Author: nessaness Posted: Sun Jun 18, 2006 4:51 am Post subject: Re: Question about the "luv button ",plz help.
Quote: where is the luv botton locate on A/E website? Chase and Boa have botton too?if yes,where is the botton? i been looking for luv botton for long time,just can't find it
On the Amex website:
While looking at your account summary you click on "Recent Activity" then under the credit line section you have a link called " Request a Credit Increase". they will ask for your "4-digit number printed just above account number on Card". Enter that and then the screen will either offer you an additional amount of credit which you can choose to accept ( Which is what people are talking about when they say they received some love!) or the screen will say "Request an Increased Line of Credit" and then there is an application to fill out. DON'T fill that out! Wait for Amex to give you some LOVE !!! Many people believe that screen means a hard inquiry on your Credit Report.
Hope this helps !
Author: jojo Posted: Sun Jun 18, 2006 6:53 pm Post subject: Requesting Credit Card Limit Increase Online
thank you so much! what about chase and boa?do they have LUV botton too?
Author: nessaness Posted: Sun Jun 18, 2006 9:27 pm Post subject: Question about the "luv button ",plz help.
Bank of America's is under customer service menu. Under Services you can select Request Credit Line Increase.
On Chase's website it is under Customer Center. Then under Credit Card there is an Increase Credit Limit link.
How is Household Income on a Credit Card Application Determined?
Author: 9855donna Posted: Sun Jul 02, 2006 5:11 pm Post subject: Did I lie on my credit card application?
The credit card application asked for Household Income and that's what I put.It wasn't just my income but my boyfriends too.He say's it's fraud but I only put what they asked for. What's your opinion? Will it be an issue if I file for BK? Any thoughts/comments? Donna
Author: Messiah Posted: Sun Jul 02, 2006 5:45 pm Post subject:
ur fine.
Author: fitz75 Posted: Sun Jul 02, 2006 9:00 pm Post subject:
Is that income going to help you pay your bill? Is that income something you are able to verify?
If you answer yes to those questions then put it down. If you answer no, then you probably shouldn't put it down. You may be asked to verify that income one day, remember that.
Author: mouse Posted: Sun Jul 02, 2006 9:31 pm Post subject: Re: Did I lie on my credit card application?
Quote:
"9855donna" The credit card application asked for Household Income and that's what I put.It wasn't just my income but my boyfriends too.He say's it's fraud but I only put what they asked for. What's your opinion? Will it be an issue if I file for BK? Any thoughts/comments? Donna
Do you share the address???
Share the bills???
AS IN LIVE TOGETHER???
IF YES...NO IT IS NOT FRAUD
IF YOU FEAR H/H INCOME LOOK FOR INDIVIDUAL INCOME APPLICATIONS
I (PERSONALLY) IGNORE ALL INDIVIDUAL INCOME APPLICATIONS!!!
Author: Polonius Posted: Wed Jun 28, 2006 2:32 pm Post subject:
Odds are it will post on the next statement. But some merchants have instant systems in place and it could hit your statement the same day it's printed. Things like cash advances at the bank, for example, could post the same day.
Author: Messiah Posted: Wed Jun 28, 2006 2:35 pm Post subject:
Planning on getting a plasma tv at costco...
Author: Messiah Posted: Wed Jun 28, 2006 2:38 pm Post subject:
Awesome. I just called American Express they said it would post on my next statement! I love my American Express Platinum!
Author: herky Posted: Wed Jun 28, 2006 2:54 pm Post subject:
interesting that amex told you that. i bought a camera flash yesterday at noon. hit my statement closing yesterday, as well. not a big deal, but i do time the different cards statements so i don'y have to pay them until the last minute...
Author: Messiah Posted: Wed Jun 28, 2006 3:04 pm Post subject:
I asked if it would post next statement. They checked it and they are like yes. They asked the price. I said roughly 2500. They put me on hold for id says 30secs. They are like yes you will be fine. I said id call that same day just to make sure and they are like ok but it would post next statement. =]
Author: Messiah Posted: Sun Jul 02, 2006 1:14 pm Post subject: When Do Credit Card Purchases Post?
Just called Amex again to make sure.....they said to purchase it as late as i can but their is a strong possibilty it will post next statement.
Author: mouse Posted: Sun Jul 02, 2006 1:52 pm Post subject: When Do Credit Card Purchases Post?
I CAN'T SEE IT SHOWING UP IF YOU BUY IT LIKE AT 7pm or 8pm
They could have the lower "AVAILABLE BALANCE" show but NOT THE PURCHASE
We download charges (AT WORK) at 00:01am so I was told...
(only the PRE-AUTHORIZATION is instant...not the actual sale)
I COULD HAVE BEEN MIS-INFORMED THOUGH (wouldn't be the first time)
Author: jefftraore Posted: Sat Jul 01, 2006 7:28 pm Post subject: What with AMEX One ?
I just received my new Amex One with No pre-set spending limit . Not knowing the limit, I really dont know what to do with it. Some told me that I might my suprise about the limit one. Please, advise..... (13 months credit history, 721 Experian, 5 open)
Author: mouse Posted: Sun Jul 02, 2006 12:05 am Post subject: Re: What with AMEX One ?
Quote:
"jefftraore" I just received my new Amex One with No pre-set spending limit . Not knowing the limit, I really dont know what to do with it. Some told me that I might my suprise about the limit one. Please, advise..... (13 months credit history, 721 Experian, 5 open)
NOT ON MY AMEX WANT LIST!!!
Easy guess...DON'T go over $1,000...and PIF before the due date
Author: jefftraore Posted: Sun Jul 02, 2006 1:41 am Post subject:
Ohh my God, so I am alone on this forum with this card ? Why you guys dont like it. Imagine that you have a card with "no pre set limit" and that you shouldn't spend more than a G. Really, thank you for your advice cuz my expense can't be more than that. Thank again
Author: mouse Posted: Sun Jul 02, 2006 1:47 am Post subject:
Quote:
"jefftraore" Ohh my God, so I am alone on this forum with this card ? Why you guys dont like it. Imagine that you have a card with "no pre set limit" and that you shouldn't spend more than a G. Really, thank you for your advice cuz my expense can't be more than that. Thank again
I have 3 cards...WITH STATED LIMITS
I know what I can spend at any given moment
KNOWN or UN-KNOWN EXPOSURE LIMITS WON'T CUT IT WITH ME
Even "IF" they tell you on the phone that your "EXPOSURE LIMIT" is $5,000...they may or may not approve each purchase when you get over $3,000
Author: nessaness Posted: Sun Jul 02, 2006 3:47 am Post subject: What with AMEX One ?
I have an Amex One. I like the idea of 1% of my purchases being deposited into a savings account rather than cashback being wasted by my husband.
You should treat it no differently than you would an Amex Green Rewards charge card. Use it conservatively and pay it in full every month.
Author: hdporter Posted: Sun Jul 02, 2006 7:55 am Post subject: Re: What with AMEX One ?
Quote: You should treat it no differently than you would an Amex Green Rewards charge card. Use it conservatively and pay it in full every month.
Nowhere near the same. Green is a charge card -- all charges due in full after each statement. One is a credit card -- you can carry a balance month to month.
One puts your 1% Reward into a savings account. However, another key difference is that new charges NEVER attract interest during their first month of billing, even if you've carried a balance over. Thus, if you frequently carry a modest balance over from month to month, this card may save you a lot of interest. (There's an annual fee, however.)
However, with rates starting at P+5.9%, it's not the most competitive card if you tend to carry large balances.
In terms of monthly charging activity, there's no reason to handle the account any differently than any other credit card.
Author: Tommy G Posted: Sat Jul 01, 2006 10:53 am Post subject: BofA cancelled my 1st card! When to apply for 2nd elsewhere?
Being new to America (from Europe) and to the world of credit cards in general (and how severe the consequences are for late payment!), I foolishly managed to make some late payments on my credit card from Bank of America about 1 year ago. I have now paid off the full amount of approx. $600 (first in $15 or $20 steps as I believe this is the way to try to build/improve credit hostory?), finally I just got fed up of this debt sitting there and decided to pay it all off in one $500 amount last month. I'm now all clear. However, of course now my CR is a problem. I called Bank of America to ask if I can get a second one and start over, but of course no go.
I'm irritated with BofA and how I inadvertently got myself into that situation with them and now with the fact that of course, as far as they're concerened, I'm now considered by them to be an 'unreliable' borrower.
Can you recommend who I should go to in order to apply for a second credit card? I've been inundated with marketing flyers from Capital One but have read bad thigns about them on the internet. I'd like to go with a solid, well-known and long-established institution if they'll have me. Needless to say, I'll be watchign my credit card re-payments like a hawk to make sure I do nothing wrong this time around!
Author: Kajjers Posted: Sat Jul 01, 2006 4:21 pm Post subject: Bank of America Cancelled My Credit Card Account
People knock down Cap1 a lot (myself included) but if you've damaged your credit pretty bad, they aren't as bad to deal with as some others. You might also consider a secured card (credit card w/ a deposit).
Author: FaithNGrace Posted: Sat Jul 01, 2006 11:36 pm Post subject:
Did you try for a secured card from BofA? That might be an option since they don't feel you can be trusted with a unsecured card. What is your credit score?
Just out of curiousity, how much was BofA asking for as a minimum payment per month? Unless they were only asking for the $15 or $20 payments each month, payments that small are probably what got you into trouble.
Go ahead and try Cap 1. Right now, if you really want a card, you can't afford to be too picky.
Good luck! _________________ FaithNGrace slowly learning about the wonderful world of credit!
Author: JaneiR36 Posted: Sun Jul 02, 2006 6:25 am Post subject: Bank of America Cancelled My Credit Card Account
If you've had trouble making payments on time, I think it's probably better to pay off the debt as quickly as possible, so you did the right thing. You've already made them nervous by missing payments, so it's best (IMO) if you can show them that it was just a fluke, but now everything's back to normal and you are happy to pay off your debt.
I'm a little confused after having read the title... did BofA cancel your card at all? Just apply as you would, I'm not sure they'd turn you down automatically for an unsecured card. Citibank Dividend's gives you 5% back on gas and groceries, you could try for that if you're interested?
Author: Board Monitor Posted: Sun Jul 02, 2006 9:41 am Post subject:
Tommy G-
Greetings and welcome to the board! You can comparison shop for cards for limited credit history here:
Author: AJ Posted: Sat Jul 01, 2006 1:32 pm Post subject: Does Anyone Else have A Juniper Card With a 8.9 Fixed Rate?
If so, how long have you had it, and when did you get your first CLI. I've had my for 6 months. 8.9 fixed on purchases, 4.9 transfer checks in the mail. They won't give an increase, said they would send reasons by mail. Received letter, No report pulled, They claim it's given when I Qualify. How do you Qualify??????? I pay in full each month.
Author: AJ Posted: Wed Jun 28, 2006 10:49 am Post subject: What Happend?
First we had silver, Gold, Platnium. then titanium, now we just have cards. Back in the day, those names meant something. Now it's all about rewards. What's next????
Author: hdporter Posted: Wed Jun 28, 2006 1:48 pm Post subject: Re: What Happend?
I think Citi Simplicity is more than a little refreshing (if only the rate were discounted in exchange for the rewards foregone ...)
Author: Board Monitor Posted: Wed Jun 28, 2006 4:18 pm Post subject:
There are higher end cards these days (Visa Signature and World MaserCard), but it's mostly marketing hype. _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: db619196 Posted: Wed Jun 28, 2006 9:37 pm Post subject: Rewards Credit Cards
My second credit card, after only 6 months of having a credit history, was a Platinum Card. I remember joking that if I could get one at that time, Platinum must not mean that much, lol.
Author: davej Posted: Thu Jun 29, 2006 2:04 am Post subject: Rewards Credit Cards my first two cards were Platinum with zero credit history on my part...
Author: Kajjers Posted: Sat Jul 01, 2006 7:02 am Post subject: Rewards Credit Cards
I'd have to say that I like my Visa Signature -- some cool benefits like Visa Dining and House Of Blues concert ticketing, among others. I have a World Mastercard too but it seems to be a little more generic.
Author: ajulius Posted: Thu Jun 29, 2006 10:56 am Post subject: Bank of America - overpaid on cc, wont give back funds yet
I sent a balance transfer and paid off a Bank Of America credit card and some extra cash. Bank Of America has been lying through their teeth on processing the credit refund.
After I receive my refund I will be closing all my Bank Of America accounts and will never do business with them again. The lies they have used are the following:
Thank you for contacting Bank of America.
The credit balance refund request was processed on 06.22.2006 for the amount of xxxxx. Refunds over $1,500.00 must be researched and verified before a check is issued.
We appreciate the opportunity to assist you online. Should you have any further inquiries, please e-mail us again.
Matt Martin, Bank of America
My initial message: I recently called up to request that the credit balance in my account as I had overpaid be sent to me. The woman I spoke with told me the amount was over $15000 which was incorrect as the overpayment was for the amount of $xxxxx. I have a checking and credit card with you and I asked if the funds could be transferred over to my checking account but she told me a check had to be mailed out.
Then I called back and they told me a condition had been placed on my account and they asked for the account for the receiving bank otherwise they told me it would take 13 days so I reluctantly gave them the CC account # for the balance transfer but then they told me it would take 10 business days.
These guys are lying through their teeth to keep my funds in tow and to make money off the interest and I dont know when I will receive the funds.
I will be cancelling all my Bank Of America accounts because of this.
It has already been 5 days and they want me to wait another 10 business days. This is rediculous and I dont even know if they will give me back my funds.
What is the limit they can hold my funds legally for?
Author: Polonius Posted: Thu Jun 29, 2006 11:10 am Post subject:
There are rules that apply to holding funds deposited in checking or savings accounts--but I don't know of any rules applying to payments on credit cards.
I once had to wait over three weeks for a Citibank bank check to clear when I deposited it in my ATM at Wells Fargo. Wells kept withholding the funds and claimed it had the right to do so since I hadn't deposited at a teller window.
Banks do this to reduce fraud--it can take weeks for a check to bounce and be physically returned to a bank, even if it's reported as "good" overnight by the electronic system. There can always be a hold, a counterfeit, a closed account or a stopped payment--there are many fraud schemes involving such things.
I don't blame you for being annoyed with BofA--but all banks have policies like this. Do you really think the bank you'll switch to will be any different?
Author: fire3000 Posted: Thu Jun 29, 2006 11:29 am Post subject: Credit Card Over Payment Review
It is not right to request a balance transfer for more than the balance on the card you are transfering from. It is like asking for a cash advance at the low BT interest rate. BOA will probably send the excess money back to the other creditor. You may also be hit for a fee from one or both creditors.
author: ajulius Posted: Thu Jun 29, 2006 11:53 am Post subject:
And this coming from a person who said in this forum that he used 0% balance transfers and did it himself as per a search.
Even legitimate places like motley fool and others have even mentioned such was doable.
One guy did 0% on over 100k and had no issues. I did an accidental balance transfer and your saying they will nail me for fees?
Author: ajulius Posted: Thu Jun 29, 2006 11:58 am Post subject: Credit Card Over Payment Review
played a similar game, but never exceeded 60% of my available total credit. Save the BT offer papers and read the fine print. You must know the exact date the interest rate goes up and plan to pay off the card in full at least two weeks ahead of time. One week after payment, call issurer to verify receipt. Do not apply for more credit until you drop down to less than 50% utilization. Read the BT offer to determine how and when the BT checks can be used. Most issurers today require that the check be paid directly to one of your creditors (a HELOC may not be acceptable). Keep a wall chart to help you never miss a payment (huge penalty in interest and late fee). Next time do not transfer over 90% of available credit on a card. Try not to use a low rate balance transfer card to make a purchase (regular rates apply on the purchases until the card balance is zero) and similarly the BT card should have a zero balance before the transfer. Last year my card debt was over $150,000 (TU score was only 680) and now I am down to less than $70,000.
That was your comment in the forum for this guy who made 0% balance transfers to paid cc's.
You said and I quote "BT card should have a zero balance before the transfer." And now you change tunes? In my case it was accidental, in your case it was intentional and thats what you were doing so why did you or the other guy get hit with fees and the like and have the funds returned?
Author: hdporter Posted: Thu Jun 29, 2006 4:27 pm Post subject:
Junk solicitation call.
If you've opted out of marketing calls via the Do Not Call registry, then you should return the call, find out who the calling party is, and file a complaint.
If you haven't opted out, you should do so immediately if you want to discontinue such calls. https://www.donotcall.gov/default.aspx
Author: fire3000 Posted: Thu Jun 29, 2006 7:49 pm Post subject: How to Stop Credit Card Phone Solicitations
If a live person calls from one of your existing credit card issurers, than it may be worth listening to. Discover called me a month ago offering me a balance transfer at 3% for nine months on my $15,500 credit limit. Of couse I said yes.
Author: Board Monitor Posted: Fri Jun 30, 2006 9:58 am Post subject: How to Stop Credit Card Phone Solicitations
Quote: If a live person calls from one of your existing credit card issurers, than it may be worth listening to. Discover called me a month ago offering me a balance transfer at 3% for nine months on my $15,500 credit limit. Of couse I said yes.
Precisely why I'm not on the do not call list. _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: jojo Posted: Thu Jun 29, 2006 5:08 am Post subject: A werid thing for credit card payment.who can tell?
i just found out a werid thing on my credit card payment.
my credit limit is 7000,but the balance is 6000,i wrote a check to CC company for 6000,(i think they must received my check),not sure 3 days or 4 days after,i checked my credit card balance,it's was 0 balance,credit limit go back to 7000 right the way.the werid thing is,when i check my check account,the money i wrote for CC company was still there,the money didn't deposit to CC company yet,but how come the credit limit went back to 7000?is this a CC company's mistake?
any one can explain this?by the way, it's a BOA card.every CC companys do the same thing?
Author: davej Posted: Thu Jun 29, 2006 5:58 am Post subject:
Most likely the money in your checking account is on hold, hasn't just changed hands yet... Wait a couple more days to see what happens and let us know..
Author: db619196 Posted: Thu Jun 29, 2006 9:16 am Post subject:
I agree with Dave. My bank account is almost always a few days behind the credit card company in posting transactions online. I would give it a few days. You could also call the bank if you are worried. They can usually see the transaction before we can online.
Author: Board Monitor Posted: Thu Jun 29, 2006 9:30 am Post subject:
David-
Greetings! Just a quick note that your account has been upgraded to "Credit Expert" status. Congrats and thanks for supporting our community! _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: jojo Posted: Thu Jun 29, 2006 11:57 am Post subject: Paying off Credit Card Balance Tips
i did call my bank,my bank didn't hold the money,they said just like the regular money transfer,check processing day is 3 to 5 days.
my question is why credit card company give the credit limit back even they didn't verified ur money?every CC company do the same thing ?or only boa?
Author: davej Posted: Fri Jun 30, 2006 2:09 am Post subject: Paying off Credit Card Balance Tips
Are you with BoA for both credit and checking? If so, I guess they might have restored your line without necessarily holding the money in your checking... But I'd say they won't let it go either...
Author: caligirl Posted: Thu Jun 29, 2006 6:55 pm Post subject: When is it time to apply for a "good" card?
Hi all,
I am in the process of rebuilding my credit. I have two secured cards, one with a 2200 limit (First Premier 2.5 yrs old) and one with 2500 (B of A 4 months old). I opened the B of A Secured because FP is terrible to deal with! I also have a Cap One with an 800 limit. My FICO is now up to 668 and has been rising pretty steadily. However, I'm wondering when is a good time to apply for an unsecured card. I know it doesn't JUST come down to FICO, but I don't want to apply too early and get declined. I need a higher limit card to make my business travel (no corporate cards) more relaxed. I am always worred about where my balances are and which card I should use at check-in which isn't a good feeling.
I PIF each month and try to pay balances down before the statement date to keep my utilization low. Last month, I forgot to do that on one card so I expect a jump into the 670s within the next few weeks.
I keep an eye on the Approval reports, but the scores seem all over the place. Does 680 or 685 sound like a good time? Obviously, I just want to apply for one card and hopefully get approved with a decent limit. No need for unnecessary inquiries.
Author: fire3000 Posted: Thu Jun 29, 2006 8:08 pm Post subject:
BOA is a nice card issurer and if you ask they will probably either convert your secured card to an unsecured or issue you a new unsecured card at a lower credit limit. Once you get approved, I recommend closing the First premier due to their very high fees and poor service even if doing this will drop your credit score slightly.
Author: caligirl Posted: Thu Jun 29, 2006 11:08 pm Post subject: When to Apply for an Unsercured Credit Card
Thanks fire3000. My plan is to try to convert the FP to an unsecured even if it is at a lower limit. It's my oldest card, so I will probably keep it around for a while and just not use it.
B of A generally begins Secured to Unsecured reviews at the 9 month mark which is November for me. Not sure if I could make a request prior to that. Since I also have a checking account there, maybe I will talk to them later this summer.
Author: Tack Posted: Tue Jun 27, 2006 8:23 pm Post subject: Chrysler Rewards Visa Card.
Just wondering if anyone has any experience or knows anything about it. I keep getting offers in the mail, but they don't do a very good job of explaining how much of a reward you actually get.
It says that with every dollar charged on the card, you obtain one point,,,and you get five points for every dollar charged at a dealership. It says you can redeem these pointsfor Dealer Dollar Certificates, which you can use to buy or lease a new Chrysler product. It fails to mention the cash value of these so called points though.
Author: Tack Posted: Tue Jun 27, 2006 8:47 pm Post subject:
ok, just found it. Doesnt look like the greatest deal, every point acquired would be the equvilant of a penny. You can trade in 1000 points toward a ten dollar dealer certificate.
Just wondering, what if i paid all my bills,,,mortgage, utilities, taxes,,etc with this card and paid the balance in full every month. Would that work to acquire these points?
Author: Woolfman Posted: Thu Jun 29, 2006 2:54 pm Post subject:Chrysler Rewards Visa Credit Card Review
I have this card, I agree it's not the greatest percentages cash back. but it's kinda fun when your buying a car and you've just finished breaking down your salesman for the very best price you can get, then you hand him $200 or $300 dealer dollars. just to see the confused look on his face. They have to take them, they are just like handing them cash.
I charge any oil changes & repairs on the card at Chrysler Dealers, for the five points, and I pay my cable bill on it for the single points, just to keep something going on the card. and pay it off each month.
This used to be run through Chrysler itself, now it is run through Bank of America. who hasn't really changed it that much.
Author: vasili123 Posted: Tue Jun 27, 2006 9:55 pm Post subject: AT&T Universal Cash Rewards CC
AT&T Universal Cash Rewards CC Is not being cancelled, nor is the AT&T Plantinum....I have the card f
Author: Board Monitor Posted: Wed Jun 28, 2006 4:29 pm Post subject:
Are you sure about that? We have heard otherwise. _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: doniam Posted: Wed Jun 28, 2006 10:47 pm Post subject:
Yes, it is being canceled 6/30. I'm in the process of trying to convert the card to a Citi Rewards card, and am hoping that they will not look at my credit score or reduce the CL. I have been playing the 0% interest game and it has killed my score (down to 650)
Author: vasili123 Posted: Wed Jun 28, 2006 11:18 pm Post subject: AT&T Universal Cash Rewards Credit Card Review
For some it is for me it isn't....The rep told me your card will not be canceled
Author: doniam Posted: Wed Jun 28, 2006 11:27 pm Post subject: AT&T Universal Cash Rewards Credit Card Review Let us know what happens if you try to use it in July. My guess is that they may have converted it to another card (perhaps with the same account number).
Author: EasyRhino Posted: Wed Jun 28, 2006 9:03 pm Post subject: What is the Difference in the Credit Card Purchase APR and the Cash APR?
Well, the conclusion is either you have a credit card for people with notsogreat credit, or your credit card company hates you (default clause if you have missed payments, etc.).
Anyway.
Cash APR is charged on cash advances (money out of ATM, money from bank, sometimes those checks that they send you). This is usually higher, and there's usually no grace period before it's charged.
Purchase APR is the rate charge on regular stuff. Purchases. There is usually a grace period where if you pay it off with your statement, no finance charges at all.
Author: mountain Posted: Wed Jun 28, 2006 9:06 pm Post subject:
This credit is actually my first.
Author: davej Posted: Thu Jun 29, 2006 2:29 am Post subject: What is the Difference in the Credit Card Purchase APR and the Cash APR? Pay your bills in full and on time for six months or so and then call your bank and ask for APR reduction. If you pay in full every month and avoid taking cash advances, you don't have to worry about your APR much until you establish yourself with your CC company enough to ask for a better rate. There's a sticky thread here about that, check it out
Author: Board Monitor Posted: Wed Jun 28, 2006 5:49 pm Post subject: How to opt out of getting credit card offers
This message posted by e-mail request from one of the visitors to our site:
How can you opt out of receiving unsolicited credit card offers?
is there a web site or a 800 number to do so? _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: Evilbunny Posted: Wed Jun 28, 2006 6:46 pm Post subject:
Its in bold letters on every application that gets sent out.
It informs consumers about the right to choose not to receive future prescreened solicitations and specifies a toll-free number for consumers to call to exercise that right (1-888-5-OPTOUT). Consumers may choose to opt out for five years or permanently, and may opt back in at any time by calling the same number.
Author: Board Monitor Posted: Wed Jun 28, 2006 5:49 pm Post subject: How to opt out of getting credit card offers
This message posted by e-mail request from one of the visitors to our site:
How can you opt out of receiving unsolicited credit card offers?
is there a web site or a 800 number to do so? _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: Evilbunny Posted: Wed Jun 28, 2006 6:46 pm Post subject: How to Opt Out of Getting Credit Card Offers
Its in bold letters on every application that gets sent out.
It informs consumers about the right to choose not to receive future prescreened solicitations and specifies a toll-free number for consumers to call to exercise that right (1-888-5-OPTOUT). Consumers may choose to opt out for five years or permanently, and may opt back in at any time by calling the same number.
Author: pluffiesc Posted: Tue Jun 27, 2006 6:03 pm Post subject: Is Bank of America still offering 2% back?
I just received a Bank of America Power Rewards Visa in order to buy points and get a 2% rebate but their website does not list the 50,000 points/$1000 reward level. The highest amount listed on the site is 20,000 points/$200 reward. Is the $50,000 level no longer offered?
Author: TomfromCT Posted: Tue Jun 27, 2006 7:10 pm Post subject: Re: Is Bank of America still offering 2% back?
[quote="pluffiesc"]I just received a Bank of America Power Rewards Visa in order to buy points and get a 2% rebate but their website does not list the 50,000 points/$1000 reward level. The highest amount listed on the site is 20,000 points/$200 reward. Is the $50,000 level no longer offered?[/quote]
Look in the rewards pamphlet. That where it is listed for me.
author: tonygoldston Posted: Tue Jun 27, 2006 7:46 pm Post subject:
According to past threads, you have to call to get it. But Curtis just posted that he heard from a CSR that they are pulling it end of the year. tony
Author: pluffiesc Posted: Tue Jun 27, 2006 6:03 pm Post subject: Is Bank of America still offering 2% back?
I just received a Bank of America Power Rewards Visa in order to buy points and get a 2% rebate but their website does not list the 50,000 points/$1000 reward level. The highest amount listed on the site is 20,000 points/$200 reward. Is the $50,000 level no longer offered?
Author: TomfromCT Posted: Tue Jun 27, 2006 7:10 pm Post subject: Re: Is Bank of America still offering 2% back?
[quote="pluffiesc"]I just received a Bank of America Power Rewards Visa in order to buy points and get a 2% rebate but their website does not list the 50,000 points/$1000 reward level. The highest amount listed on the site is 20,000 points/$200 reward. Is the $50,000 level no longer offered?[/quote]
Look in the rewards pamphlet. That where it is listed for me.
Author: tonygoldston Posted: Tue Jun 27, 2006 7:46 pm Post subject: 2% Cash Back From Bank of America
According to past threads, you have to call to get it. But Curtis just posted that he heard from a CSR that they are pulling it end of the year. tony
Author: AJ Posted: Thu Jun 22, 2006 6:42 pm Post subject: Chase & Their Universal Default
I had 2 platinums at 9.9 fixed , had accounts for 10 years, never been late. Wanted to change rate to 28.9 due to what they call "Universal Default" I only have 10 cards, all with low balances. Pulled report. 706. Closed immediatley Now I'm getting pre approvals daily for 0 percent until october 2007, at 8.9 fixed. I WILL NOT APPLY!
Author: fitz75 Posted: Thu Jun 22, 2006 9:02 pm Post subject:
You ask them why they wanted to up your rate to the universal default?
Personally, I would of paid them off then put them aside just to keep the good tradelines.
Author: Ira Posted: Fri Jun 23, 2006 3:09 pm Post subject:
Quote: Now I'm getting pre approvals daily for 0 percent until october 2007, at 8.9 fixed. I WILL NOT APPLY! Absolutely right! You tell 'em! They must be scared out of their minds over the fact that you've closed your high interest accounts and won't apply for low interest cards. Forget about the money you're losing; just stick to your principles!
Author: Evilbunny Posted: Fri Jun 23, 2006 6:50 pm Post subject:
You do realize that those offers just come from the marketing department, based on a very easy pre-aproval model. They have no knowledge of your previous history. they just spam everyone and their dog who has a cedit score over the thresh-hold.
just because a bank ratejacks you (which Chase is the worst from what i have seen and heard). thats no reason to jeopardize your credit score. Closing your accounts does nothing but hurt you personally. The banks can care less. they just want you to pay them buckets of interest or move your credit somewhere else. Also, If you close your account with Chase. even if there may possibly (not likely) be a lower rate in the future, once it is closed, they WILL NOT lower the interest rate. Thats just something to think about
Author: Username Posted: Tue Jun 27, 2006 5:21 am Post subject: Is it Chase Cash Plus or Citi Dividends
that you can get rewards for gift certificates that they offer and it doesn't count againt your 300.00 per year cash back limit? I can't remember, but want to say it's the Citi card. I reached my limit of 300.00 on the Chase card so started using the Citi card, but have a purchase of about 3,000 that I'll be making later in the week, but since that's more than I wanted to pay off in one month, I was thinking of putting it on my Chase card because I still have a 0% interest rate on it until Sept. I only want to do that if I can get some type points or something toward a gift certificate with Chase though. Thank in advance.
Author: EasyRhino Posted: Tue Jun 27, 2006 6:03 am Post subject: Chase Cash Plus Credit Card Review
Pretty sure the Chase Cash Plus has a 300 yearly limit for all media.
I hear it's the Rewards Plus which has like $150 extra for gift cards.
Don't know about the Citi policy, sorry.
Author: stevejk Posted: Tue Jun 27, 2006 8:57 am Post subject:
With the Citi Dividends card, it is $300 maximum cash back on purchases with the card in everyday life. However, if you make purchases through their Citi Merchants Network website, then there is no maximum cash back. That is, you can earn more than $300 per calendar year, but anyone over $300 has to be purchases from the Citi Merchants Network website.
With Chase Cash Plus, it is $300 maximum cash back per calendar year.
With Chase Rewards Plus (which may or may not still be available) it is $600 maximum is cash back and $150 in gift cards. That is, $750 maximum per anniversary year but only $600 can be in cash, the rest must be in in gift cards. That's probably why Chase is phasing it out. Much too generous of rewards. Even if they lower it to $300 in cash and $450 in gift cards, the choice of gift cards is such that I'm sure I can find a store that I frequent -- I can't go wrong with JC Penney and Bed, Bath, and Beyond.
