Author: georgee Posted: Tue Jul 25, 2006 6:23 am Post subject: Discover Cash Advance
Has anyone tried going in to a grocery store, like Albertsons, buying a candy bar and then getting $50 over the purchase with DiscoverCard?
Does this really count as a grocery purchase, or do you get stuck with a cash advance?
The rewards on Discover suck (except for the 'Get More" promotions, but this might be a good way to get cash with no interest (using Discover like a debit card but with none of the risks).
Author: mouse Posted: Tue Jul 25, 2006 7:54 am Post subject: Re: Discover Cash Advance
Quote:
"georgee" Has anyone tried going in to a grocery store, like Albertsons, buying a candy bar and then getting $50 over the purchase with DiscoverCard?
Does this really count as a grocery purchase, or do you get stuck with a cash advance?
The rewards on Discover suck (except for the 'Get More" promotions, but this might be a good way to get cash with no interest (using Discover like a debit card but with none of the risks).
The TOTAL purchase price is just increased
SAY THE CANDY IS EXACTLY $0.50 (with any tax)
YOU PAY $50.50
IT IS NOT A CASH ADVANCE
Then since I don't use CASH I just add it to a future deposit at the back
Author: mouse Posted: Tue Jul 25, 2006 8:06 am Post subject: Discover Cash Advance Credit Card Review
Not that DISCOVER pays off
You have to get a "TON" of those $50 CASH BACK before you get 1.00%
FYI--WALMART/SAMS 0.25% (never 1.00%)
Author: XeroK00L Posted: Tue Jul 25, 2006 9:21 am Post subject:
I didn't know you can get cash back from a grocery store with a credit card. I always thought you could only do this with a debit card. Or is this only allowed with a Discover card? I'm confused. If they really allow people to take cash back with a credit card, I'm gonna do it every single time. Free rewards. Why not?
I can only speak from my experience with Cap one. It's a total cr@p (no pun intended) shoot on what they'll give. From what I've seen, it's always lower than other cards. I haven't ever dealt with them for a business related card. When I had a business, massage therapy, I had to get a personal CC with them. I had decent credit then and was astonished to get 200 CL? My EQ fico then was 640 ish. This was in 2001. _________________ ~EBK "The mind plays tricks on you. You play tricks back! It's like you're unraveling a big cable-knit sweater that someone keeps knitting and knitting and knitting and knitting and knitting and knitting..."
Author: mouse Posted: Thu Jul 20, 2006 2:04 am Post subject: Re: What Credit Limit Can I Expect?
Quote:
"billnc" I just received instant online approval for a Capital One Business Credit Card.
The confirmation stated that it would be 7-10 business days before the card was sent and the credit limit was established.
Any ideas on what the credit limit will be?
My fico at Equifax is 680.
Thanks, in advance.
-Bill
$200
Slim chance for $2,000
Real long shot $5,000
Author: jlrdc909 Posted: Thu Jul 20, 2006 6:23 am Post subject: What Credit Card Limit Is Expected for a First Time Applicant
Capital One could give you a credit card with flashing lights and lace on it, but give you a lousy $300 limit, while they are the more liberal in lending, the limits are pure lousy. Dont be shocked when the card arrives
Author: mouse Posted: Thu Jul 20, 2006 9:21 am Post subject: Don't expect $20,000
It has taken me over 5 or 10 years to amass that much with CAPITAL ONE
Author: nobodyyouknow Posted: Tue Jul 25, 2006 5:50 pm Post subject: capital one -- "no hassles"?
i applied for their "no hassles cash reward" card solely because they have no foreign currency conversion fee. I'm well aware of all the stuff about them not reporting credit limits, etc.
so anyway, the online app doesn't let you specify a generational identifier (Jr, III, IV, etc.). Speaking as someone who has one, i gotta say it's a major deal, & everyone i know who has one feels the same way about it. I like to say, "i'm not xxxxxx. He died in 1982." It's as much a part of my identity as my surname. I once had to apply for a name change at a university because their system wasn't geared to deal with them. I also have a name variation listed on my credit reports with the identifier appended to my surname, because it was the only way a creditor could handle it.. but I will not take a card without it.
i got a msg. saying i'd get the card in 7-10 days. Then i called about the name, and the woman told me they couldn't change that before the card got printed... i'll have to wait to get the card and then call & change my name and get a replacement. "No hassle" my *****!
and then today i get an automated call from them on my home phone (which nobody has, except i'm sure all these data warehousers) asking me to punch in the last 4 digits of my SSN. I never put down my landline on the app; i put my mobile as my home phone. It's all I use, and i know it's listed on at least a couple of the credit bureaus' records, while my home phone is not listed with anyone. Well, i don't care how convincing a call sounds, any call where any bit of my personal info gets disclosed is going to be initiated by me. So i waited for the # to call and then looked on their website. It was the same... so i called.
then i asked them to make sure i was on their most stringent privacy settings, since i was remiss in not reading their privacy policy until after I'd applied. They'll pretty much share your info with anyone who has either a pulse and/or a business license, and that's a lot of sleaze. Theirs seems to be about as liberal as any i've seen. "Oh, we cannot do that until after you have the account info." I wonder if they'll get it on out there in the meantime...
i'm on the DNC list, opted out thru the credit bureaus (for not just insurance/CCs, but also direct mail), the DMA's opt-out lists, and am set up with the strictest sharing policies with everyone. I just don't get junk mail or junk calls. Am i going to find myself suddenly getting lots of **** from their 'partners'?
i'm beginning to think maybe i should've just applied for a card from a bank with a better rep that only passes on the 1% from Visa/MC....
Author: quiznut1 Posted: Sun Jul 23, 2006 2:02 pm Post subject: Citi Diamond Preferred Rewards - 2% back for first 12 months
Hi everyone, I know this move will raise some eyebrows by some (considering the Fidelity 529 card is already 2% cash back), but I decided to apply for the Citi Diamond Preferred Rewards card under offer code F1G7.
Here are the details:
Citi Diamond Preferred Rewards (Offer Code F1G7) - 2 Thank You points per dollar on every purchase for 1 year (1 point thereafter) - 0% on Balance Transfers till August 2007, and no balance transfer fee with application (doesn't apply to me, but worth mentioning) - 10,000 bonus points with first purchase, redeemable for $100 gift card (or what they won't tell you, redeemable for two $50 gift cards for 2 different merchants if you like). - Apply via apply.citicards.com, or call 1-800-491-0848 by 9/15/06.
The best way to redeem points on this card for me is through gift cards, since the top cash rebate is $250 for 38,000 points (not good at all). I shop at Target often, and Target gift cards are available on the Thank You Network. There are others, such as Best Buy, Circuit City, Shell, Exxon Mobil, Applebees, TGI Fridays, and others.
Since 5,000 points equals a $50 gift card, that means spending $2,500 at 2 points per dollar will get you a $50 gift card (2%). Also, I already have the Citi MtvU Visa card, which has Thank You points. As a result, I found out that should I get this Diamond card, I can use combine both card's Thank You point balance into one bucket basically, and get the rewards quicker.
Bottom Line: I applied for this card since Bank Of America phased out the Power Rewards 1.5% and 2% cash back options. I fully expect another credit card to come out in the future that offers the opportunity to earn 2% without having to jump through a ton of hoops like I feel the Fidelity 529 card is. Until then, I will likely use this card for 1 year, cancel it, and apply for another one that offers more than 1% back.
Author: JaneiR36 Posted: Sun Jul 23, 2006 2:39 pm Post subject:
For some reason, I can't really think of many of my purchases that fall outside of gas and groceries. Maybe air tickets?
Author: phantomega1 Posted: Sun Jul 23, 2006 4:40 pm Post subject: Citi Diamond Preferred Rewards Credit Card Review
I just got those two cards as well. The Diamond Preferred Rewards and MTVu will add up to about 5 points everywhere. I can't wait til the cards get here! _________________ I can't commit. I don't even know if I like Pepsi or Coke. Caffeine is my lifeblood.
Author: Board Monitor Posted: Tue Jul 25, 2006 1:13 pm Post subject: Hit with "Hidden Card Fees"? Complain on Natl. TV!
Brand new request! Have you been hit with a "hidden credit card fee"? If so, one of the MAJOR networks would like to interview you for a national morning news show! You must feel comfortable in front of the camera.
Please contact me ASAP with your name, where you live, phone number and best time to reach you. Thanks for your interest! _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: maddybeagle Posted: Sun Jul 23, 2006 8:47 pm Post subject: mbna credit protector & 20% off gift cards and others...
Anybody do this? I guess the key is not having any balance at statement close or use another MBNA card to purchase the gc's, which is apparently allowed based on info on fat wallet. Curious if anybody takes advantage of this...you get charged 90 cents or so for every 100 of statement balance.....I guess that I havent been offered on our 2 mbna cards...
Providian also has a "Buysmart" program that is no longer available for new members....Dealpass is a non credit card related program for buying gift cards, but is targeted...we discussed that on the money board here awhile back...Fat Wallet has a long discussion of this also....
My national city card has a program also through Trilegiant, but not available in my state (WI).....
Author: Polonius Posted: Mon Jul 24, 2006 9:20 am Post subject:
Are you saying that if you sign up for MBNA's credit protector service you get access to a 20% off gift card service of some sort? I didn't know that. Can you cancel the credit protector service and keep the gift card service, or max out what you can get from the gift card service the first (free) month? I know at one point MBNA had a special program like this but I thought it had been phased out....
Providian's BuySmart was great for me. I used it to buy 100 Staples $25 gift cards for $2000 and bought stamps with them for a 20% discount from face value! I then cancelled since I couldn't buy more gift cards--100 was my membership limit. Two months ago I called and tried to resubscribe, and was turned down. I was told BuySmart no longer allows Providian cardholders to sign up on request--you have to be targeted with a specific offer. Ouch.
Author: maddybeagle Posted: Mon Jul 24, 2006 9:37 am Post subject: Quote: Are you saying that if you sign up for MBNA's credit protector service you get access to a 20% off gift card service of some sort? I didn't know that. Can you cancel the credit protector service and keep the gift card service, or max out what you can get from the gift card service the first (free) month? I know at one point MBNA had a special program like this but I thought it had been phased out....
Yes. But I dont know if it is targeted or not...and it is limited to a small amount of cards (something like 100-150 bucks per merchant per month and some quarterly limit)...apparently you can buy more but wont get credited the 20%...so you have to keep track....I am not sure but I think the credit protector service is required for the gift cards.....but as I noted, a couple of ways around paying the protector fees...
Author: maddybeagle Posted: Tue Jul 25, 2006 11:05 am Post subject:
--There is a very limited amount of "high value" cards that you can get......5 per year for walmart, etc....posted from fatwallet:
1-800-230-7237 (enroll/questions) 1-800-634-9557 (to order GCs)
BASIC SUMMARY - 20% off gift cards (run by CANA) with 35 day free trial - Need MBNA credit card - Membership is free as long as no balance carried on your CC (or else $0.95 per $100 in new CC balance) - so either pay off the CC before the new statements starts or I think you might be able to pay with a different CC when placing the order
- Limit: *** 50 cards total per quarter (200 per year) *** Only Best Buy, Circuit City, Home Depot, Lowe's, Sears, Target and Wal-Mart are limited to 5 cards per retailer per year
- Shipping: *** 1-4 cards = $0.60 regular USPS mail *** 5-50 cards = $5.85 USPS Priority mail
- Retailers: (will update if there are changes once I get my welcome kit) Babies R Us Bath and Body Works Eddie Bauer Foley's Foot Locker Hecht's JC Penney Kmart Kohl's Lord and Taylor Macy's Marshall's Marshall Fields Old Navy Payless Shoes Sears Sports Authority Target TJ Maxx WalMart Bed Bath and Beyond Best Buy Circuit City Crate and Barrel Home Depot Home Goods Lowe's Menards Office Max Pier 1 Imports Pottery Barn White Barn Candle Company Toys R Us Williams-Sonoma Barnes and Noble Blockbuster Borders Media Play Musicland On Cue Sam Goody Suncoast Waldenbooks Bahama Breeze Big Bowl Chili's Corner Bakery Cafe Cozymel's Kentucky Fried Chicken Macaroni Grill Maggiano's Mrs. Field's Cookies Olive Garden On the Border Red Lobster Smokey Bones BBQ and Sports Bar Starbucks TGI Friday's
Author: desperado Posted: Mon Jul 24, 2006 5:42 pm Post subject: some help needed...
I was going to apply for a secured CC, BoA...
I still have existing debts out there from a previous life disaster that according to Cap. One, who is one of the creditors should be charged off by now, to the point where they are offering me a CC vs. the old debt with credit increases as I pay off old debt... but it's old, 8-10 years...
Question is, can previous creditors lien (etc.) the "secured account" at the BoA?
Author: fitz75 Posted: Mon Jul 24, 2006 6:29 pm Post subject: Re: some help needed...
Quote: I was going to apply for a secured CC, BoA...
I still have existing debts out there from a previous life disaster that according to Cap. One, who is one of the creditors should be charged off by now, to the point where they are offering me a CC vs. the old debt with credit increases as I pay off old debt... but it's old, 8-10 years...
Question is, can previous creditors lien (etc.) the "secured account" at the BoA?
Anyone have any experience with this?
Thanx in advance...
Despo..
Creditors can't put a lien on anything unless they get a judgement against you. Even then I doubt they would be able to put a lien on your secured credit card.
Author: TomfromCT Posted: Tue Jul 25, 2006 7:08 am Post subject: Re: some help needed...
[quote="desperado"]I was going to apply for a secured CC, BoA...
I still have existing debts out there from a previous life disaster that according to Cap. One, who is one of the creditors should be charged off by now, to the point where they are offering me a CC vs. the old debt with credit increases as I pay off old debt... but it's old, 8-10 years...
Question is, can previous creditors lien (etc.) the "secured account" at the BoA?
Anyone have any experience with this?
Thanx in advance...
Despo..[/quote]
A little off topic but...
I did the rehab hab account w/ cap one and it was a great experience.
My FICO's are as high as 770 now.
As far as your question, the rehab account never had any effect on my other outstanding balances.
Author: multiplierx Posted: Sun Jul 23, 2006 9:12 pm Post subject: Arriva Card
I thought this was an interesting new card. It's basically a cash-advance card, up to 100% of your limit, with a grace period on interest. It can be used at more than 700 casinos across the US.
Author: EasyRhino Posted: Mon Jul 24, 2006 12:40 am Post subject: Arriva Credit Card Review
I got really excited, but it look like they still charge a 3% transaction fee on cash advances, which I think includes casino chips.
Author: Polonius Posted: Mon Jul 24, 2006 8:55 am Post subject: Arriva Credit Card Review
Right--the 3% transaction fee has no cap and you're charged it regardless of when you pay back the loan. It's probably better than using a regular cash advance card at casinos, but that's about it. Only for the desperate! _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
I decided to apply for the Cap1 Platinum as they say if you have limited or no credit there is a chance. I have a score of 720 but only 23k in school loans. No current credit card and was denied the Citi dividend.
Anyone have experience with Cap 1 Plat?? Likes/ dislikes? What do you think my chances are?
I think your chances are pretty good, although the credit line is likely to be quite low. I've read a lot of complaints on here about Capital One (mainly about their infrequent credit line increases), but I've had good experiences with them. Good luck.
I'd guess that your prospects are strong. You're likely looking at a very modest limit if approved, with reasonably decent rates. I'll be an excellent card to build history with.
Whether it comes through or not, get yourself a gas card and deparment store card if you don't already have them.
How to Pay American Express Credit Card Before Statement Close Date
Author: davidfronue Posted: Fri Jul 21, 2006 7:43 pm Post subject: How do you pay Amex card before statement close
Ok this is the thing I cant figure out I would like to pay my amex bill before the statment closes and I see alot of people are doing that but how. When I log on to my account it does not let me pay the bill before the statement is closed can someone please explain Thanks
Use online billpay at your bank to send a payment to American Express--it's usually sent electronically. (If your bank doesn't offer free online billpay, change banks--plenty offer this service for free now.)
Or mail a check to the usual address. I used to make copies of the payment stub so whenever I wanted to make a payment I'd send a payment stub copy with my check, without having to wait for the actual statement to arrive. But online billpay is much, much easier.
How Much Will My Credit Drop When I Get a Credit Card?
Author: Brammy Posted: Sun Jul 23, 2006 12:40 pm Post subject: 14 point drop, new account
Yikes transferred a balance to a WaMU card a couple of months ago. Took them this long to add it to my credit report. Was I surprised when myfice reported a 14 point drop when this account was added!!! Not late pays, the account does have about 75% utilization due to BT but overall utilization acrossthe board is still about 25%.
Author: Polonius Posted: Sun Jul 23, 2006 12:51 pm Post subject:
Yeah, it's normal. You get dinged a bit for the new account and for the high utilization of it, but more important I think is that the balance transfer now appears as NEW debt overall. Your score went up before when that debt was transferred to the new card since it looked like you had paid it off--now it's back again in your report. So, all other things being equal, your score should be a few points lower than it was before you opened the new account.
Just guessing here, of course. How much is your debt with and without the new account listed?
Author: Brammy Posted: Sun Jul 23, 2006 1:29 pm Post subject:
The new account more than doubles the amount of debt but of course all the other accounts are close to 0 bal. the addition of the WaMU brings utilization from lessthen 10% to about 25%
Author: Brammy Posted: Sun Jul 23, 2006 9:36 pm Post subject: How Much Will My Credit Drop When I Get a Credit Card?
Bump had to get my free score power to find out. A medical account included in bankruptcy suddenly decides to report to Equifax this month after six years. It even states included in bankruptcy but because it reports new its hurting my score. Is there anything I can do to fight this?
Its been 82 months since I missed a paymment on anything but they keep coming back from the dead.
I think I peeved them becaue TU made them remove it from the creidt file. It was included in BK andthey tried to report it twice. once as included and once as not.
I don't even see the point of them reporting it. Its included in BK so I can't be forced to pay it. Feels like freaking harrasment. "You won't pay us so we'll just report it to make you miserable". Are there rules about SOL on how long after being included in BK something can be reported as new?
Since I have seen people saying that AMEX never forgets I would assume the blacklist is an internal list. In order to get off of it you will have to pay your default.
I had a less than stellar relationship with Amex back in my BK days. Nevertheless, they recently mailed me several pre-approved offers. A bluff or forgiving new interest? Didn't wanna find out and never replied.
Author: TomfromCT Posted: Thu Apr 27, 2006 3:01 pm Post subject: Can a Credit Card Company Black List People?
[quote="fenster"]I had a less than stellar relationship with Amex back in my BK days. Nevertheless, they recently mailed me several pre-approved offers. A bluff or forgiving new interest? Didn't wanna find out and never replied.[/quote]
Fens,
If you still owe amex money...they remember. They don;t sell off bad debt. They just wait.
They do blacklist. If they have sent you a pre approved offer......you apply online, you will likely be approved. THEN and sometimes just after you get the card, they will kill the approval and bring up the charge-off.
The only way back in is to pay them the charged off amount.
What Kind of Credit Card to Apply for When Only Having School Loans
Author: nefertiti66 Posted: Fri Jul 21, 2006 10:44 am Post subject: I FINALLY GOT APPROVED!
I just rec'd approval for a BOA Power Rewards card limit $7,500!!!!
My score is 750 but no credit history except my school loans which are in good standing. I had troubles finding a card that would approve me (other than Capital One ALL hassle card!)
Author: Board Monitor Posted: Fri Jul 21, 2006 10:48 am Post subject:
Congrats!!! Let us know how you like it. _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: Kajjers Posted: Sun Jul 23, 2006 1:37 pm Post subject: Re: I FINALLY GOT APPROVED!
[quote="nefertiti66"]I just rec'd approval for a BOA Power Rewards card limit $7,500!!!!
My score is 750 but no credit history except my school loans which are in good standing. I had troubles finding a card that would approve me (other than Capital One ALL hassle card!)
Yay! I'm off to do my happy dance of victory!!!! [/quote]
Author: Anewtoitall Posted: Wed Jul 19, 2006 12:12 pm Post subject: HELP! No Credit...but want credit card
Hello, I am new to this forum. I was recently denied an MBNA credit card because I have 'no credit"...well that's fine, but how am I supposed to obtain credit without being able to use a credit card?!?!? Perplexing...
Anyways, I have plenty of cash on hand to pay off my bills on time every month...no problem there. I just need a credit card from a reputable organization that will easily approve me for like $1K or $2K line of credit. I would appreciate links to good offers that will approve me/people with simply No Credit! Thanks so much
I am in the same situation. I was just approved for capital one platinum $500 limit.
I tried citi and amex and was denied.
Try cap1 its a good starter card with no fees.
If you dont get approved for that then you'll have to get a store or gas card and/or a secured credit card.
best of luck!
Author: JoyJoy Posted: Sun Jul 23, 2006 11:08 am Post subject: Why Do I Get Turned Down for Credit Cards ?
Capital One is a great starter card like the previous poster said. They will probably start you off with a secured card and probably an annual fee too. However, pay them faithfully and even call when the annual fee is posted and ask them to waive it for you. Never hurts to ask even if the first credit rep says "No!"....just call and get a different credit rep.
HSBC Bank has been pretty generous with credit lines....even to people who are just starting out. Wouldn't hurt to call their credit card division and ask if you can qualify for a credit card from them. Some have applied online and gotten a $1K credit approval instantly.
Good luck because I know what it is like to start out with no credit and then I know what it is like to have credit and become ill and fall behind and work myself back up to good credit again. It will happen for you too.
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?
Author: Board Monitor Posted: Thu Feb 03, 2005 11:20 am Post subject: Credit Limit Increase Tips
Nathan,
Good idea. Thanks! And, by the way, congrats! Are you sure they didn't pull your credit? Did you request the line increase? _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: Nathan Posted: Thu Feb 03, 2005 11:20 am Post subject:
Hey Curtis, what do you think? Am I of base here?
Author: Nathan Posted: Thu Feb 03, 2005 11:30 am Post subject: Credit Limit Increase Tips 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: Credit Limit Increase Tips
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! _________________ There are no stupid questions -- only stupid answers.
Author: Board Monitor Posted: Sat Sep 10, 2005 7:36 am Post subject:
Congrats! Interesting thread. I admire your efforts. Actually, 16.74% isn't too bad for a student card, although 13.74% is better. :0) How long have you had the account?
Out of curiosity, how did you find out about our website? _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: creditnewbie Posted: Sat Sep 10, 2005 7:53 am Post subject:
Card: Bank of America Visa platinum. Originally 15.74% Variable to 14.74% Variable. Then to 9.9% fixed and 3 months ago, down to 8.9% fixed. There was no reason for me to push it further since I never carry a balance. I had the card for 24 months--my first credit card.
Author: Alexis Rios Posted: Sat Sep 10, 2005 8:51 am Post subject: Re: Lower APR Requests post your results here!!!!!
dmband wrote: I thought it would interesting to know how people's results were with requesting a lower APR from your current CC providers.
CARD: CITI STUDENT DIVIDEND MASTERCARD
APR REQUEST DECLINED/APPROVED: APPROVED
FROM WHAT % TO WHAT %:
A HORRIBLE 16.74% I BELIEVE TO A HORRIBLE 13.74% BUT NONE THE LESS I WAS GIVEN A LOWER RATE.
THANKS GUYS! --JEFF--
Remember that student credit cards have a slighty higher rate than regular credit card.
Author: dmband Posted: Sat Sep 10, 2005 11:20 am Post subject:
I have had the mastercard dividend account for maybe 8 months and it started out at 13.74% but then they raised it a couple percent so I called and asked for a lower rate and they knocked off a few percent.
I heard about this site from doing credit card related searches on yahoo.
Is a Credit Card Limit Increase Inquiry a Hard Pull on Credit Report?
Author: spjoink Posted: Thu Jul 20, 2006 10:34 pm Post subject: chase problem ......
I called chase yesterday for a milage credit for my british airways account, at the end of the conversation i asked the rep if i could get a cli without an inquiry into my credit report , the rep said..."it will NOT be a hard pull.....i was denied ...today i saw they pulled an experian hard hit anyway,,What can i do ...its just not right to lie to a good customer...my limit is $16500.00 and i have a balance of $309...i am very upset about this.... What you guys think?
Author: spjoink Posted: Thu Jul 20, 2006 11:10 pm Post subject: Is a Credit Card Limit Increase Inquiry a Hard Pull on Credit Report?
she and i discussed the matter in details..she assured me it would be no pull. i now have 29 inquiries on experian the last 2 yars...i have one transunion and nine eqifax, i need a card that pulls trans in southern california, looking for a 0% bt offer..any suggestion
Author: mouse Posted: Thu Jul 20, 2006 11:29 pm Post subject: Re: chase problem ......
Quote:
"spjoink" I called chase yesterday for a milage credit for my british airways account, at the end of the conversation i asked the rep if i could get a cli without an inquiry into my credit report , the rep said..."it will NOT be a hard pull.....i was denied ...today i saw they pulled an experian hard hit anyway,,What can i do ...its just not right to lie to a good customer...my limit is $16500.00 and i have a balance of $309...i am very upset about this.... What you guys think?
Author: robert123 Posted: Wed Jul 19, 2006 6:42 pm Post subject: Looking 4 card w/ no fee cash advance & no interest offer
I am looking for a credit card that offers cash advance with no transaction fees, and a no interest introductory period. Basically, I want an interest free loan.
I have a Citibank card that was offering no fees/no interest for 12 months on cash advances, but I never took advantage of it before they ended the offer. Does anyone know if there is a card offering this type of thing now?
Author: mouse Posted: Wed Jul 19, 2006 6:47 pm Post subject: Re: Looking 4 card w/ no fee cash advance & no interest
Quote:
"robert123" I am looking for a credit card that offers cash advance with no transaction fees, and a no interest introductory period. Basically, I want an interest free loan.
I have a Citibank card that was offering no fees/no interest for 12 months on cash advances, but I never took advantage of it before they ended the offer. Does anyone know if there is a card offering this type of thing now?
Thanks!
Robert
What is the EMERGENCY for the need of a CASH ADVANCE???
I want to use the money to purchase something from a business that does not accept credit cards.
Author: XeroK00L Posted: Fri Jul 21, 2006 1:45 pm Post subject: Credit Card With No Fees
Quote: I want to use the money to purchase something from a business that does not accept credit cards.
Robert Just do a 0% APR balance transfer to your home address. You'll receive a check with which you can then deposit directly into your checking account. If your credit card does not allow balance transfer to any given recipient, then BT to your debit card that's directly linked to your checking account instead.
There's no way around those high cash advance fees, period. But there is really no need for a cash advance unless you absolutely need that cash in less than a week. Otherwise, you can most definitely get the same cash in 7-10 days through a 0% APR BT.
Author: veri Posted: Wed Jul 19, 2006 11:55 pm Post subject: Blue / Blue Cash, or Blue for Students?
Junior in college; listed as AU on a few accounts in good standing (TU). Currently unemployed (full-time student), but significant financial support to specify on the income field of apps.
One account in my name (Discover student card, $1000).
TU reports score as right around 700; Equifax does not provide score (AUs didn't report to them / they don't seem to have that AU info, and only that Discover is on it); Experian, don't know what they say.
Not sure what Amex tends to pull in Texas.
Looking for a good second card and was considering one of the Blues - given the above, should I shoot for the cash back or regular Blue, or go with the student card?
I'm also kind of liking Clear, but I don't really know if I could get into that or if it's worthwhile in comparison.
Author: mouse Posted: Thu Jul 20, 2006 1:53 am Post subject: Re: Blue / Blue Cash, or Blue for Students?
Quote:
"veri" Junior in college; listed as AU on a few accounts in good standing (TU). Currently unemployed (full-time student), but significant financial support to specify on the income field of apps.
One account in my name (Discover student card, $1000).
TU reports score as right around 700; Equifax does not provide score (AUs didn't report to them / they don't seem to have that AU info, and only that Discover is on it); Experian, don't know what they say.
Not sure what Amex tends to pull in Texas.
Looking for a good second card and was considering one of the Blues - given the above, should I shoot for the cash back or regular Blue, or go with the student card?
I'm also kind of liking Clear, but I don't really know if I could get into that or if it's worthwhile in comparison.
BLUE CASH is useless
I dumped mine and moved the credit limit to another of my AMEX cards
Author: phantomega1 Posted: Thu Jul 20, 2006 2:14 am Post subject: Blue Cash Credit Card For Students
mouse is absolutely correct... Blue Cash IS useless, just got it and wish I hadn't... I'm probably not going to use it, or just switch it to something else.
Author: multiplierx Posted: Fri Jul 21, 2006 10:41 pm Post subject: FIA Card Services
This used to be a card division of MBNA and now services some of MBNAs old cards and also some BOA cards such as the new BOA-Amex.
Anyway, I called them yesterday and talked to a credit analyst. The routine with an analyst is the same as it was with MBNA, but it does seem like they've loosened up a bit. I was very impressed with the experience. She even called me back this morning to confirm everything was taken care of.
She also told me that although a CSR can't connect you with specific analyst by name, you can request the CSR send the analyst an email and you will get a callback.
Author: Board Monitor Posted: Fri Jul 21, 2006 11:21 am Post subject: Sam's Discover Card Complaint
This message posted by e-mail request from one of the visitors to our site:
I hate Sams club discover card. How can I complain? Even their web site is so cheap one cannot navigate, or error pops up. No phone number or nothing!
Am I required to use only Sams Discover Card if I trade at Sam's where I pay them an annual Business fee? _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
I don't like Sam's Club altogether in that the ONLY card they will take is Discover. I got embarrassed and almost didn't believe them at first when they told me at the checkout. If Walmart and Sam's Club are linked, how does Walmart take every other card and Sam's Club only takes Discover? A question I will never know the answer to.
It's just marketing. Costco used to have an exlusive deal with Discover, then it negotiated a better deal with AmEx. Usually in these arrangements the credit card company pays part of the advertising the firm does as long as the ad mentions that only XX card is accepted.
As for the question of your emailer, he's always free to not shop there or to pay cash, check or with a debit card. What's the big deal? And how come these folks are unable to figure out how to post on this board? You can't have a discussion when there's no way to respond...
Author: shopgirl Posted: Thu Jul 20, 2006 4:57 pm Post subject: new to bad credit. need advice
Hi everyone. I went from having a credit score of 730 to having a credit score of 499. Ouch. What happened is that I bought a house that was WAY too expensive and got a couple of new high limit cards that I went shopping with. Anyways, my sig other lost his job, we got behind, and took us 10 months to sell the house. In those 10 months, we paid only mortgage to avoid foreclosure. All my credit cards ended up being charged off (about 7). Car payment has always been on time. I lost my entire down payment on that house and now I live paycheck to paycheck in an apartment. Hard lesson to learn. I can't find a lot of info on charge offs. How can my credit repair itself if these stay on for 7 years? Will my credit score be 499 for the next 7 years? I don't plan on getting any more credit cards, but would like to someday own a house again. Any advice would be appreciated. Thank you. Oh, and another question. I tried to get a car loan the other day on a cheap second car, and they said only one place would give me a loan for 25%. I of course declined, but I saw 8 hard hits on my credit report after this. Do these count as 8 separate inquiries if it was to search for one loan??? Thanks again.
Auto loan shopping generally show up as one inquiry as long as the hits are within a couple of weeks. Yes you CAN rebuild your credit. Take it from someone who went down to the very dregs resulting in chapt 7 BK.
You have a couple of alternatives, one, you can repay the outstanding debts. Do you have any accounts still open? If so hold on to those for dear life. If you have a long history with any creditor, make arrangements to pay off the debt if possible and ask them to reopen the account. It DOES happen. If all else fails, and you have no other choice, try some of the BK friendly crds in the sticky at the top or a secured card.
Be pristine with these guys. Your score will improve as your charge offs age. Having a current account with good payment history wouldn't hurt either, even if it is a secured card.
Or you can do what I did. I took a couple of local finance company loans all paid within 6 mos. I used it almost as a revolving line of credit. As soon as it was paid off, I opened another with the same company. I finally got the reporting history I needed to transition up to a revolving line, ie credit card.
Author: rain Posted: Fri Jul 21, 2006 7:41 am Post subject: How to Recover From Bad Credit with Credit Cards
It will be okay in time, and you'll be able to get mortgages, etc, although the rates will be ~4% higher than normal rates.
I'm no expert, have been surfing some great forums. Do you know creditboards.com ? They have excellent discussions. Lots of people get dumped on by life. You are never alone. :--)
Author: phantomega1 Posted: Wed Jul 19, 2006 2:48 am Post subject: Question about mulitple Citibank cards
I just got approved for both the MTVu card and Diamond Preferred Amex from Citibank. I was wondering if anyone could answer a few quetsions about Citi for me, since I have had no experience with them before:
1. Will they let you combine all the points you earn for the Thank You network on both cards, or can you only redeem them individually?
2. Does anyone know how Citi is with CLI requests? How long do you have to wait, and if you have multiple cards will that stop you from getting an increase on one? How about letting you allocate some of the limit from one to the other?
Any help from you longtime Citi gurus is greatly appreciated! I think I'm going to be a Citi guy for a while!
Author: LawProfessor Posted: Wed Jul 19, 2006 9:32 am Post subject: Re: Question about mulitple Citibank cards
[quote="phantomega1"]I just got approved for both the MTVu card and Diamond Preferred Amex from Citibank. I was wondering if anyone could answer a few quetsions about Citi for me, since I have had no experience with them before:
1. Will they let you combine all the points you earn for the Thank You network on both cards, or can you only redeem them individually?
2. Does anyone know how Citi is with CLI requests? How long do you have to wait, and if you have multiple cards will that stop you from getting an increase on one? How about letting you allocate some of the limit from one to the other?
Any help from you longtime Citi gurus is greatly appreciated! I think I'm going to be a Citi guy for a while! [/quote]
Yes, you can combine your Thank You Network Points. (You can even add a checking account to earn points even faster!)
You will have a CLI button on your account page. You can request a CLI after the six month mark. You should get a response within 5-7 buisness days.
After a while, you'll get two "Thank You Member Numbers". Pick one of them and login with it. Attach BOTH of your card accounts to it.
After that, as long as the points successfully flush out of the card (PremierPass and Driver's Edge have confusing rules), then they'll all comingle in your TY account, and you can then buy a pony.
Author: fenster Posted: Thu Jul 20, 2006 7:26 pm Post subject: Do Not Let the Fine Print Dissuade You
I was offered a preapproved World Points Platinum Plus card, issued by MBNA for NetBank’s customers. The offer consisted of 0% APR till August, 07 on BTs and advances, thereafter, a fixed rate of 7.9%.
Parsing the fine print, turns out NO CAP on a 3% BT fee. I call MBNA and first try to haggle for a no fee BT on $10K so I can earn 5% on ‘em at my bank. The rep comes back with no deal. Then I impart to him all my other MBNA cards have a Cap of $75 per BT, how about honoring that.
This time out he says how about a flat fee of $100 on the $10K, I say deal; a savings of $200 on the fees. Moral of the story, never take the fine print for granted, and invest in a toll free call.
One more thing, don’t be precipitous in you actions. Evaluate all your relationships and options with your bank. For example, I have a MC with MBNA that has an APR of 17% with a 0 balance that’s doing nothing. I consolidated most of its balance with above card so I can cushion new card’s utilization and take future advantage of 7.9% fixed instead of 17%. And at the same time, I didn’t close the donating MC, for it receives automatic CLIs and has a history.
Now detractors will say, you still incurred a fee. You’re right, but in a emerging era of NO CAP fees on BTs, being charged 1% on a $10K loan which will earn you 5% or more isn’t too shabby.
Author: mouse Posted: Thu Jul 20, 2006 8:11 pm Post subject: Re: Do Not Let the Fine Print Dissuade You
Quote:
"fenster" I was offered a preapproved World Points Platinum Plus card, issued by MBNA for NetBank’s customers. The offer consisted of 0% APR till August, 07 on BTs and advances, thereafter, a fixed rate of 7.9%.
Parsing the fine print, turns out NO CAP on a 3% BT fee. I call MBNA and first try to haggle for a no fee BT on $10K so I can earn 5% on ‘em at my bank. The rep comes back with no deal. Then I impart to him all my other MBNA cards have a Cap of $75 per BT, how about honoring that.
This time out he says how about a flat fee of $100 on the $10K, I say deal; a savings of $200 on the fees. Moral of the story, never take the fine print for granted, and invest in a toll free call.
One more thing, don’t be precipitous in you actions. Evaluate all your relationships and options with your bank. For example, I have a MC with MBNA that has an APR of 17% with a 0 balance that’s doing nothing. I consolidated most of its balance with above card so I can cushion new card’s utilization and take future advantage of 7.9% fixed instead of 17%. And at the same time, I didn’t close the donating MC, for it receives automatic CLIs and has a history.
Now detractors will say, you still incurred a fee. You’re right, but in a emerging era of NO CAP fees on BTs, being charged 1% on a $10K loan which will earn you 5% or more isn’t too shabby.
On my last MBNA BT (like 1.5 weeks ago) I was given the option of 2 choices...
1) PAY THE $75 BT FEE 2) WALK AWAY FROM THE BT
So they are NOT afraid to lose business
IN MY CASE I WOULD HAVE HAD TO PAY OVER $900 FOR A BT FEE
(I have always paid no more than $75)
At one time they were always FREE (when I did EFT to my checking account)
Author: freeman Posted: Wed Jul 19, 2006 6:20 pm Post subject: good or bad experience w/small business credit card?
Have a small business card? Please share your experience!
Card Name/Bank:
Credit Limit:
Rate:
FICO Score:
CRA(s) pulled:
CLI:
Time: (how long after you receive card)
Advantage:
Disadvantage:
Good/Bad Experience.
Author: fire3000 Posted: Thu Jul 20, 2006 1:43 pm Post subject: Business Card
Chase $12,000 0% for one year on BT and Purchases Earns 3% at hardware stores, Office supply stores, restaurants, and gas My score is about 680 I was approved for it this year I had no problems with them (it is my fourth open Chase card)
Reasons: Insufficient utilization information too few established accounts-length of time accounts have been established.
Can I reapply online for the green card without a second hard pull or should i just give up for now until my cap1 card can show some history for 6 months.
Is the cap1 card your only credit card so you have a short period of history? If so you probbaly won't be approved for an amex at this time. If you can apply for green without a hard pull it probably would be worth it, but can you? Also you realize the green card is not like the blue.
Author: nefertiti66 Posted: Wed Jul 19, 2006 1:58 pm Post subject: Credit Card Denial From American Express
I realize the green is different, but do you think they will deny me?
My cap1 card is the only one i have now. I just got it yesterday. Maybe ill just wait 6 months and try to apply for the amex blue cash again and also for the citi dividend card i want.
Author: mantras Posted: Wed Jul 19, 2006 2:23 pm Post subject: Credit Card Denial From American Express
I doubt you will be approved at this time, but I don't have any experience with green. I would focus on building credit with your new cap1 for now and trying to apply for more in 6 months may be a good plan. Just keep keep your current credit in good order.
Author: quiznut1 Posted: Fri Jun 30, 2006 2:57 pm Post subject: BOA Power Rewards - phasing out 1.5% and 2% cash back
I realize this is a repost, but I feel this topic merits its own discussion...
I just called the Power Rewards Center at 1-888-434-2232, and they told me they will indeed be phasing out BOTH the 30,000 point reward (for $450 statement credit, 1.5% cash back), and the 50,000 point reward (for $1,000 statement credit, 2% cash back). She did not know when the phase out will occur, which is disappointing because I specifically asked her, "so, possibly by the end of this year?" She did not know.
Anyway, she said the highest cash back reward would be 20,000 points for a $200 statement credit, only 1% cash back. This officially makes this card not worth your time. It really is too bad. I am now not going to be applying for this card as I originally planned.
Author: TomfromCT Posted: Fri Jun 30, 2006 7:12 pm Post subject: Re: BOA Power Rewards - phasing out 1.5% and 2% cash back
[quote="quiznut1"]I realize this is a repost, but I feel this topic merits its own discussion...
I just called the Power Rewards Center at 1-888-434-2232, and they told me they will indeed be phasing out BOTH the 30,000 point reward (for $450 statement credit, 1.5% cash back), and the 50,000 point reward (for $1,000 statement credit, 2% cash back). She did not know when the phase out will occur, which is disappointing because I specifically asked her, "so, possibly by the end of this year?" She did not know.
Anyway, she said the highest cash back reward would be 20,000 points for a $200 statement credit, only 1% cash back. This officially makes this card not worth your time. It really is too bad. I am now not going to be applying for this card as I originally planned.[/quote]
This is a bummah.
I have had this cahd about a yeeah and I just made crossed 9500.oo in purchases, I was well on my way to that 2%er.
Author: Board Monitor Posted: Sat Jul 01, 2006 9:55 am Post subject: Bank of America Power Rewards Credit Card Review
I was afraid this would happen. If you remember correctly, this was a fear I pointed out several months back. Fortunately, I only have a few thousand points on the card.
Lesson learned is to stick with the tried and true rebate cards! _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: usmsci Posted: Thu Jul 20, 2006 10:44 am Post subject: I got an offer for a CHevron/Texaco Gas Card.....
Should i take it? Personally i dont think i should.
Earn 10 cents/gallon for five months, up to $25 of total free gas credits.
As you keep reading this isnt a rewards card.. there is no gas incentive after the 5 month period. To me $25 is nothing. I like the chase rewards 5% offer better on gas forever. I am thinking i am going to shred this offer. what do you think?
Author: mantras Posted: Thu Jul 20, 2006 11:07 am Post subject: seems like most gas reward cards would be better especially in long run. skip it.
Author: georgee Posted: Thu Jul 20, 2006 11:12 am Post subject: Chevron Gas Credit Card Review
There is nothing in this world that is "forever."
Author: usmsci Posted: Thu Jul 20, 2006 11:17 am Post subject: [quote="georgee"]There is nothing in this world that is "forever."[/quote]
well i meant as long as they dont fall back to different terms. this is after 5 months and then its just a regualr old gas card. i agree with mantras, there are better offers out there now.
Author: gsr Posted: Sun Jul 16, 2006 10:55 pm Post subject: us bank credit cards
Has anyone applied for a us bank credit card and not get a instant decision? It says instant decision, other banks say that as well but sometimes things get in the way.
The last time BOA gave me and CLI was 6 months and 5 days ago. I called and asked for an internal CLI (The CLI increase that does not pull your credit report) and was told that not enough time has passed since my last increase. I always pay my balances in full every month and have never been late with them or anyone else.
I presume things are changing, because I use to be able to get a CLI with BOA like clock work every 6 months.
Author: davej Posted: Wed Jul 19, 2006 4:50 am Post subject:
Why don't you give it another week? Or try it online in a couple of days. It'll be soft too.. If they need to do a hard pull, you'll get a warning and can cancel your request.
I don't think things have changed... I hit their CLI button a week ago and got an increase, and it was 7 months after my last increase... So wait another week and try again!
Author: Big Posted: Wed Jul 19, 2006 8:53 am Post subject: How Long Do You Have to Wait for a Credit Card Limit Increase
Thanks for the info davej. I will try in a week and report back to see what happens. I thought it was a strange?
What is your current CL? I would imagine at a certain level they slow down with the auto CLI's.
Author: fitz75 Posted: Wed Jul 19, 2006 4:48 pm Post subject: How Long Do You Have to Wait for a Credit Card Limit Increase
I was told I would have to wait atleast nine months before I would be eligible for a CLI. Not sure if thats just for the initial increase or standrad procedure there.
Author: quiznut1 Posted: Tue Mar 28, 2006 12:55 am Post subject: 2% cash back credit cards currently available...
Hi everyone, I want to start this thread completely devoted to the 2% cash back cards, as I know they are hard to come by. I will not include cards that give you an extra .5% cash back (resulting in 2%) for revolving a balance to the next month. I will also not list cards that have an annual fee. Here are the ones I am aware of, and feel free to add any more if I miss any.
Bank of America Power Rewards Platinum Visa - 2% cash back when you redeem 50,000 points for $1,000 statement credit - 1 point per dollar spent - Points expire after 5 years, no limit to amount of points you can earn in a single year
Fidelity 529 College Rewards Mastercard - 2% cash back on all purchases - Once you accrue $25 in cash back, redeem points for a deposit into your 529 plan - Limit $1,500 cash back per year NOTE: No annual 529 account maintenance fee if auto deposit of $50 monthly or $150 quarterly is made. Also, you may withdraw any or all of your $50 monthly or $150 quarterly principal at any time without penalty, tax free (as long as your account doesn't reach $0 - automatic closure in that case).
HSBC True 2% Cash Back Gold Mastercard - 2% cash back on all purchases - Limit $400 cash back per year - Seems to target invites only, but this thread on fatwallet indicates you may be able to get the card by applying in a Best Buy store (for a store credit card initially, then you get a "mystery" HSBC card). It depends on what you qualify for.
Author: XeroK00L Posted: Tue Mar 28, 2006 1:51 pm Post subject: Re: 2% cash back credit cards currently available...
quiznut1 wrote: Fidelity 529 College Rewards Mastercard - 2% cash back on all purchases - Once you accrue $25 in cash back, redeem points for a deposit into your 529 plan - Limit $1,500 cash back per year NOTE: No annual 529 account maintenance fee if auto deposit of $50 monthly or $150 quarterly is made. Also, you may withdraw any or all of your $50 monthly or $150 quarterly principal at any time without penalty, tax free (as long as your account doesn't reach $0 - automatic closure in that case). This thread is a great idea for newcomers, quiznut1!
Reading the details of the 529 card, I just realized how to make the card work for the rest of us who have no future plans to go to a college AND have no child to build this fund for. As you said, withdrawals of principal are not subject to penalty at all (note that earnings on non-qualified college expense will be subject to federal income taxes at the distributee's rate, as well as a 10% federal penalty tax). That means, we can make auto deposit of $50 every month AND withdraw $50 every month, just to avoid the fees, right? If there are contributions from the 2% cash back from the 529 card, we can withdraw that money too, since those contributions become the new pricipal as well.
Anyone sees anything that can possibly go wrong with this idea?
Author: quiznut1 Posted: Tue Mar 28, 2006 2:11 pm Post subject: Re: 2% cash back credit cards currently available...
XeroK00L wrote: That means, we can make auto deposit of $50 every month AND withdraw $50 every month, just to avoid the fees, right?
quiznut1 wrote: Also, you may withdraw any or all of your $50 monthly or $150 quarterly principal at any time without penalty, tax free (as long as your account doesn't reach $0 - automatic closure in that case).
Reference my quote above from my first post. Your 529 cannot reach $0 in total balance or your account will be closed. When the auto $50 monthly deposit is set in place, you could withdraw $49 each month and leave $1 in there. What I would do is set up the plan, then apply for and get the 2% credit card, use the 2% card till you reach the $25 minimum cash back to deposit into the plan, and then cash out the whole principal as well as your $25 cash back. Your money you invested in the plan should have earned a little bit by then, so you can cash out and leave your earnings.
Any other 2% cash back cards besides the ones I referenced, or other questions about the Fidelity 529 card?
Author: XeroK00L Posted: Tue Mar 28, 2006 2:20 pm Post subject: Re: 2% cash back credit cards currently available...
quiznut1 wrote: Reference my quote above from my first post. Your 529 cannot reach $0 in total balance or your account will be closed. When the auto $50 monthly deposit is set in place, you could withdraw $49 each month and leave $1 in there. What I would do is set up the plan, then apply for and get the 2% credit card, use the 2% card till you reach the $25 minimum cash back to deposit into the plan, and then cash out the whole principal as well as your $25 cash back. Your money you invested in the plan should have earned a little bit by then, so you can cash out and leave your earnings.
Any other 2% cash back cards besides the ones I referenced, or other questions about the Fidelity 529 card? Haha, yup yup, well said. I saw the >$0 restriction but just didn't include the note in my post.
Forget about the Power Rewards whose 2% requirement is hard to achieve and wastes your interest earnings during the lengthy accumulation, and forget about the HSBC/Household card that is not only hard to get but also usually comes with a low credit line. I think with the approach above the 529 card should be THE card to get for EVERYONE, particularly those who are looking for a "my wallet is only big enough for one card" solution.
EDIT: For that matter, forget about the Blue Cash as well wahaha.
When Does Bank Of America Give a Credit Limit Increase?
Author: DavidPalmer Posted: Fri Jul 14, 2006 11:19 am Post subject: question about BofA automatic 9 month CL increase
ive read on many places, one which being this forum, that after 9 months of having an account open with BofA, they will automatically give you a CL increase. Well, i got the student card from them back in mid-sept and it is now mid-july and ive yet to get my automatic CL increase. Ive been on time with every payment paying in full every month except 1 and ive not gone over the CL, so is there an explanation for why ive yet to get my CL increase. Should i wait another month and see what happens or call them to find out
Author: fenster Posted: Fri Jul 14, 2006 11:33 am Post subject:
You're misinformed, BofA never implements automatic CLIs, you've to ask for 'em.
Go online, look for the link "request a limit increase", it'll let you know right there and then if you get it. Ususally they'll do a soft inquiry for CLIs, but sometimes they ask your permission to do a hard inquiry before instating an increase.
author: guessindigo Posted: Fri Jul 14, 2006 11:49 am Post subject: When Does Bank Of America Give a Credit Limit Increase?
Thats not entirely accurate fenster. There are some rare instances when bofa will auto increase your credit limit. However, your right, the general rule is that you need to call and ask for one, or use the CLI link on the website.
Tips on Getting Approved Instantly for a Credit Credit Card
Author: krazysurfer Posted: Mon Dec 19, 2005 7:47 pm Post subject: How Many People here Get Instantly approved?
I was just wondering, how many of you get approved instantly when applying for credit online?. Most of the time when I apply they will say " we will let you know by mail" but still get approved when the letter comes. Is there some type of system they have for instant approval?. I was just wondering because I find that weird that I never get an instant approval.
Author: mouse Posted: Mon Dec 19, 2005 8:06 pm Post subject: Re: How Many People here Get Instantly approved?
krazysurfer wrote: I was just wondering, how many of you get approved instantly when applying for credit online?. Most of the time when I apply they will say " we will let you know by mail" but still get approved when the letter comes. Is there some type of system they have for instant approval?. I was just wondering because I find that weird that I never get an instant approval.
AMEX like 4 or 5 times this year
Author: eitan Posted: Tue Dec 20, 2005 2:14 pm Post subject:
Citi twice Amex twice
Author: QikPass Posted: Tue Dec 20, 2005 3:32 pm Post subject:
Chase - 1 instant, 1 credit analyst callback questionare then approval Capital One - Instant AMEX - No Instant, but approved next day MBNA - No Instant, approved next day
Author: Daniel Posted: Tue Dec 20, 2005 7:37 pm Post subject: Tips on Getting Approved Instantly for a Credit Credit Card
Sometimes yes Sometimes no
Author: scarymary Posted: Tue Dec 20, 2005 7:57 pm Post subject: Tips on Getting Approved Instantly for a Credit Credit Card
Never... not even once...
But can't complain... Citi... next day.
Author: rainyday Posted: Tue Dec 20, 2005 8:44 pm Post subject: Tips on Getting Approved Instantly for a Credit Credit Card
Amex and Citi Dividend _________________ Experience is a hard teacher because she gives the test first, the lesson afterward.
Author: Board Monitor Posted: Wed Jul 19, 2006 3:16 pm Post subject: Business Credit Cards without a Personal Guarantee
This message posted by e-mail request from one of the visitors to our site:
Do you have information on the business credit cards that do not require a personal quarantee I know their are 60 cards out there like that but have not been successful in locating the banks. If you have that information I would greatly appreciate it. _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews
Author: creditcardman Posted: Wed Jul 19, 2006 1:51 pm Post subject: Equifax Credit Report I obtained my Credit Report from Equifax. I have two questions regarding that
1. It didn't contain any numerical score like 600 or 700 which people talk about. Just a credit card account which was opened in May 2006 and its details.
2. Is credit report supposed to contain utility information also like cell phone and electric connection? Mine didnt have any eventhough I have been using these since Dec 2005.
And just for info. this was a free report I obtained because I was denied an Amex Credit Card.
Your credit score is not included on the actual report. You can purchase it bundled with your credit report usually. I recommend myfico.com for the most accurate score if interested in that.
Credit reports don't include utilities unless they are part of collections in general. So if you in good terms with credit you shouldn't see any.
Author: nefertiti66 Posted: Wed Jul 19, 2006 10:46 am Post subject: My first credit card- Capital One question. How to best use?
Hello all. I got my first credit card yesterday with a $500 limit. How can I best use the Cap one card to increase my score. I know cap1 does not report limits so should i use it for purchases up to $100 and pay it off every month or should i max it out at $500 one month and pay off immediately and let it sit at 0 balance??
My score is 751. College loans totalling 24k- in good payment status for 3 years. One paid off credit card 6 years ago.
I want to build my history up so that i can qualify for a cash back card.
Do you think its a good idea to apply for one of the american express cards? Will that help raise my score? If so, which one?
Author: davej Posted: Tue Jul 11, 2006 2:12 am Post subject:
I guess BoA would be the easiest to get. And given the acquisition of MBNA we might see their student cards merge sometime soon. Discover may be a little tougher to get, but this may not be the case with student cards... AmEx for students is another good card, and AmEx is known for their generous credit limits. In fact, if you don't have a lot of recent inquiries you will most likely qualify for all of them.
Author: hdporter Posted: Tue Jul 11, 2006 2:33 am Post subject:
Most student cards are designed for people with limited credit experience and therefore likely friendly so long as you meet stated income requirements, provided you have no negative credit information reported.
A card choice should be driven, by among other things, how you expect to use it. If you expect to carry a balance, a lower rate card is preferable. If you expect to pay in full, then a strong rewards card is best.
As a student, I encourage you to push very hard to pay the card in full. Limited income and a natural urge toward impulse purchases can mean that you max the card out early on, leaving yourself at a disadvantage once you leave school. Further, ideally you should never carry a balance that is greater than 50% (preferably no more than 30%) if you want to receive future consideration for prime credit on limited history.
-- Discover: Of the cards you mention, has among the best interest rates (beating out some others by as much as 2%), but on the typical modest student purchase budget, is likely to pay less than half in rewards (considering high reward rates on other cards plus bonus rewards on grocery and gas purchases). That's compensated for by being a cash reward -- most others reward in merchandise cards -- and in offering a double reward rate if you redeem the Discover reward in the form of merchandise cards. The card has a strong reputation.
-- MBNA potentially offers the best available fixed rate. However, I'm somewhat leary of the card. They have a reputation for significantly increasing rates if you are late in making a payment (even one day) or have a recurrent record of running the balance above 50% of the credit limit. At one time, they were known to increase your rate if another creditor reported adverse information to the credit bureaus, however I believe they've ceased that practice. In short, is has a prime reputation among those who maintain a pristine credit record. However, those with lesser performance have a distaste for MBNA. This card isn't a reward card, which is a consideration if you don't intend to carry a balance. A "vanity" plus, is that they offer a "branded" card featuring the logos/mascots for a large number of universities.
-- BofA: Higher rate and not (I believe) a rewards card. Now merged with MBNA. (In fact, the MBNA website features both logos). This card has different and less attractive terms. I have a strong experience with BofA, however, I'd leave it for later consideration as a student card.
-- Amex Blue: I have little exposure to Amex. Clearly a prime "name plate". Higher purchase rate.
---- You don't mention Citibank. They feature competitive rewards and interest rates (not highest nor lowest). I mention them simply because our 17 year personal relationship has been the strongest of any with which we've been involved. They were the most accomodating when we fell into economic distress. I have very high regard for them.
I think over the next year you should cultivate a relationship with two card issuers -- looking to start of on the strongest footing with each prior to graduation. I personally might recommend seeking out Citibank first and then MBNA after 9 mo.
As you say, it's best to spread applications rather than make them all at once. It's hardly a hard call, though, and others might advise otherwise. I'd recommend Citi or Discover as your first app., following in 2 mo with a 2nd app and another 3 mo w/ a 3rd app. with other issuers if you're unsuccessful. I don't advise rushing this. I'd exclude MBNA from your search for a initial card. Once you obtain an iniitial card, in your shoes I might choose to hold back for 6 months, establish some track record by carry a very modest balance (less than $100) month to month, and then go for MBNA -- assuming that you're looking to rigidly adhere to credit terms and balance discipline (and why wouldn't you
Author: FaithNGrace Posted: Tue Jul 11, 2006 12:37 pm Post subject: What is the Best Student Credit Card
Thanks so much for all of the info. I didn't mention Citi because I just recently got the mtvU Visa from them. I figured it would look better if I had another card from a different company. I think I can probably submit another application in about a month or two, I just wanted to figure out which one to try first. I think two cards will be more than sufficient to head back to school with. (At least, I hope so! ) I was leaning towards BOA because I've only heard good things about them. Good idea?
My friend got denied for the Citi mtvU card (couldn't verify student status) and she has decided she doesn't even want to bother with them again. I will pass along the info about the other cards so she can figure out which one she wants to try for. Right now she thinks she's going to try BOA or AMEX. Are they more likely to refuse her since she got denied by Citi?
I am 24 years old, almost 25. I've had my first credit card since 2000.
I currently have two credit card, both are from Providians, w/ 2140 & 3000 credit limts. Since they won't raise my credit limit by phone request. I am looking to apply for more cards to help the cash flow of my business.
My credit score range from 640-670. It changes every month depending on my balance. (info provided by Providian/Transunion). I've had a balance that I carried on since 2001 that I paid off in the beginning of this year after I realize how stupid I was and how much money they were making off me.
About a month before I paid off my card, Providian had increased, my limit by $140 / $1000. Two months later, my score went from a 636 to 670. A month later, I had to used to card to make some business purchase, but I manage to pay off most of it before the statment hit.
Before I started reading this board, I throught that maxing out 90% of the card and pay it off in 2-3 months and keep repeating it would help me build my credit. So I had maxed out 90% of it at one point, and paid it off in two months, hopefully to show some payment history with higher payment amount. My currenty score dropped to 640 from 659 that dropped from a 670 back in Feb, with a balance of 4500-4999 balance out of 5000 total available credit. I believe the info was pulled in May, because the report was updated on June 1st. I had paid off my statement ending balance and I still have a few hundred on each card that was charged recently.
I've had a collection that was paid back in 2001 from either aspire or associate Visa. I also have closed my Cap One card back in 2001.
What would be the best card to get for someone with my credit history? So far Capital One is the only one who have sent me offer under my business name, but I had closed my personal account with them back in 2001 because they only gave me $200 dollar credit limit back then. I am afraid that they will reject me and leave a hard one on my credit report.
Someone had suggested me to apply for an AMEX Blue, but I am afraid that I would get reject, as I was rejected by Citi Bank Last November, reason was because of a high balance that was carried over for over a year.
I would greatly appericate any advise you guys and gals have to offer.
I would like to get something that I have a higher chance of getting with my credit. I noticed most card with great offer require like 690-700s. I don't think I will hit 700 anytime soon.
Author: hdporter Posted: Tue Jul 18, 2006 8:03 am Post subject: Re: What kind of card can I get with my credit score?
Quote: I am 24 years old, almost 25. I've had my first credit card since 2000.
I currently have two credit card, both are from Providians, w/ 2140 & 3000 credit limts. Since they won't raise my credit limit by phone request.
My credit score range from 640-670. It changes every month depending on my balance. (info provided by Providian/Transunion).
About a month before I paid off my card, Providian had increased, my limit by $140 / $1000. Two months later, my score went from a 636 to 670.
So I had maxed out 90% of it at one point, and paid it off in two months, hopefully to show some payment history with higher payment amount. My current score dropped to 640 from 659 that dropped from a 670 back in Feb, with a balance of 4500-4999 balance out of 5000 total available credit. I believe the info was pulled in May, because the report was updated on June 1st. I had paid off my statement ending balance and I still have a few hundred on each card that was charged recently.
I've had a collection that was paid back in 2001 from either aspire or associate Visa. I also have closed my Cap One card back in 2001.
What would be the best card to get for someone with my credit history? So far Capital One is the only one who have sent me offer under my business name, but I had closed my personal account with them back in 2001 because they only gave me $200 dollar credit limit back then. I am afraid that they will reject me and leave a hard one on my credit report.
Someone had suggested me to apply for an AMEX Blue, but I am afraid that I would get reject, as I was rejected by Citi Bank Last November, reason was because of a high balance that was carried over for over a year.
To give you the strongest reply, it would be helpful to have a clear understanding of all negative information reporting on your credit report. For the time being, I'm going to assume that the collection is the only item reporting.
In general, there are two prime targets if you want to move your score into the high 600's: Have no delinquencies reported in the last 2 years and keep reported credit card balances under 40% of their individual limits (under 30% is better).
By "no delinquencies", I'm also saying that you shouldn't have an open collection from the past, or an account that was settled for less than the full amount due and therefore reporting as something other than "Paid as Agreed", "Paid Satisfactorily", etc.
I'm not suggesting that your report is anything other than currently clear ... just being clear.
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With regard to account balances, it's the current balance that reports on your credit bureau report that affects your score most. If past balance history has any impact (and I'm uncertain about that), the effect is modest relative to your current balance.
Thus, if you ensure that there is a limited past balance/new charges outstanding at the time your statement is issued, your credit score should favorably reflect this (and your post indicates you've directly witnessed this).
You're fortunate in that Providian reports account balances only at the time that a statement is issued. There are other creditors who now report several times a month, so adding new charges to an account only for a brief period of time (or in advance of the next payment) will temporarily depress a score.
So, the bottom line is that if you're showing a clean history for at least the last 3 or 4 years, you're in a very strong position to obtain additional credit at favorable terms. There's a very high likelihood that Citi would have approved you had your reported Prov. balances been modest when they pulled your report. A minimum score of 680 would put you in good turf for their Platinum/Diamond products.
For a score under 690, I advise steering clear of Capital One. On the weaker side of the scale, Capital One is notorious for extending small lines. Plus, because they don't report credit limits (just past high balance), the reporting puts you at a disadvantage for credit scoring over other cards (although a remedy is to max the card out for one month).
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My advice to you is to maintain low (under 30%-40%) Providian statement balances for 2-3 months, no matter who you decide to apply to. I personally recommend reapplying to Citi. You've allowed an appropriate amount of time since your last application, so they'll give your new app reasonable consideration.
Personally, unless you really start moving above 3 credit pulls in the last 6 mo. and 5 in the last year, I wouldn't overly sweat the impact of credit inquiries on your credit report. They're typically reported as initially depressing your score by 3-7 points each (the greater the recent number, the higher the impact), and then the effect sizably diminishes over time. Inquiries that are over a year old don't have any effect.
Reduce your balances, pull your scores again to ensure that you're 680+, and then judiciously apply where your prospects are strongest - based upon the recommendations of others.
As a final note, if you do have more recent adverse history than that 2001 collection, you may wish to provide complete details here so that any reply can weigh it. If you are clean since 2001, you're to be commended and you can have confidence that you'll be an attractive credit once those balances are consistently paid down.
Author: nessaness Posted: Tue Jul 18, 2006 11:39 am Post subject: What kind of card can I get with my credit score?
I applied on line and got an instant decision. Got my card in about 10 days after that. 0 % BT for a year so this is the one I carry a balance one. HAven't had it long enough to complain but will post if I have any difficulty.
Just be aware that if you use he BT check that BT fee incurs a finance charge on top of the 3%. This is my thrid month but since I don't use it only pay for the BTs I haven't given them a reason to give me any difficulties.
Author: Messiah Posted: Mon Jul 17, 2006 12:18 am Post subject:
[quote="Brammy"]I applied on line and got an instant decision. Got my card in about 10 days after that. 0 % BT for a year so this is the one I carry a balance one. HAven't had it long enough to complain but will post if I have any difficulty.
Just be aware that if you use he BT check that BT fee incurs a finance charge on top of the 3%. This is my thrid month but since I don't use it only pay for the BTs I haven't given them a reason to give me any difficulties.
Good luck[/quote]
hmmmmm aight.
Well ill check it out. I'll keep my reservation # just incase i want to get it.
Author: mouse Posted: Mon Jul 17, 2006 12:36 am Post subject: Washington Mutual Credit Card Tips Her offer
0.00% till like 02/2008 but only for purchases
BT's 8.90%
AND A FEE FOR THAT BT
UP TO $75 or $100 I THINK
WENT...
GRIND
GRIND
GRIND
Author: Brammy Posted: Mon Jul 17, 2006 6:50 am Post subject: Washington Mutual Credit Card Tips
Hmmmm... that doesn't sound like a good deal. My total BT fee was about 20.00. But I didn't have that much to transfer. I don't use the card to make purchases because that is not at 0% I have another card with 0% for purchases which I will not activate until sometime next week for school shopping.
Like I said, haven't had it long enough to have any problems pay more than the min (about 4xs) for the past three statements I've gotten just to be sure the BT is paid off before next July.
