Author: micky Title: Nordstrom Platinum Visa Credit Card Offer Posted: Sun Jan 09, 2005 9:01 pm
dose anyone know any useful information about this CCC (Credit Card Company). I have just applied online and after I submitted the application, I got a message saying that they will let me know in 7-10 days. any input about that.
Author: DHK Title: Nordstrom Platinum Visa Credit Card Offer Posted: Sun Jan 09, 2005 10:25 pm
They ALWAYS check Experian.
If your score is good, they may be doing a manual review.
They may counter-offer you with a store credit card.
Author: guessindigo Title: Nordstrom Platinum Visa Credit Card Offer Posted: Mon Jan 10, 2005 11:52 am
Thats normal for them. It is better if you apply in store, then you'll get an instant response and if denied you can ask for reconsideration for which Nordstrom is very good about.
I was told you'll need close to 700 and no major baddies in the last 48 months for ythe VISA.
They always use EX, I was also told the same by the credit dept.
Author: micky Title: Nordstrom Platinum Visa Credit Card Offer Posted: Mon Jan 10, 2005 1:38 pm
my fico score is +750, highest credit line is 16000. total credit line >100,000. utilization <10%. I was shoppping online and they said they offer 2%off on nordstrom CC purchase so I applied thinking they give instant approval. the only thing that concerns me is I have applied for credit line increase (hard inquiry was dose) an hour before applying to nordstrom visa card, and both inquires went through EXP. do you think that played a factor of non giving an instant approval. BY THE WAY, they pulled a credit report right after submitting the application.
Author: nicechiguy Title: Target Visa Credit Card Offer Posted: Fri Oct 29, 2004 2:55 pm
A long time ago I had a Target guest card account. I had ordered them to close the account to improve my credit score. Recently, I received a Target Visa card in the mail. I did not apply for this card! If I do not activate the card and just throw it out, how will my credit be affected? Has anyone else experienced this? I've heard that Target is converting many of their store credit card holders to the Target VISA. Has anyone heard anything about this?
Author: mouse Title: Target Visa Credit Card Offer Posted: Fri Oct 29, 2004 7:08 pm
nicechiguy wrote: A long time ago I had a Target guest card account. I had ordered them to close the account to improve my credit score. Recently, I received a Target Visa card in the mail. I did not apply for this card! If I do not activate the card and just throw it out, how will my credit be affected? Has anyone else experienced this? I've heard that Target is converting many of their store credit card holders to the Target VISA. Has anyone heard anything about this?
It was NOT closed.
They are "UP-GRADING" you.
TAKE IT!!!
Activating says you got the card...that is all.
You would have to close the account if you really don't want it...BUT THAT WOULD BE STUPID!!! (unless it is only a $200 credit limit)
Author: milavant Title: Visa Signature Credit Card Offer Posted: Sat Dec 04, 2004 11:30 am
When you "product-trade" a Bank One Visa card ($14,500 limit) for a Visa Signature card with "no pre-set spending limit," how does this get reported to the credit bureau? Does it show as a reduction in limit of $14,500, or not?
Also, does anyone have a Visa Signature card? What makes it better than a regular Visa?
Author: creditnewbie Title: Visa Signature Credit Card Offer Posted: Sat Dec 04, 2004 2:00 pm
I watched a program once on the travel channel about the black AMEX, and they said that visa had signature card and mastercard had world card. They said they couldn't get much info out of AMEX but Visa shared some info about the signature card. They said the minimum income has to be $250,000, and they showed what kind of services those clients would get for having that card..etc. At work, we had one customer who had Black AMEX. He is a very rich man and he has been on tv many times; however, customers who had the signature cards were regular people--except one couple-- with regular jobs and didn't really have much money because they were always on a tight budget and they weren't driving fancy cars either. The same applies to customers who had world mastercard. What I read about charge cards is that limits aren't reported to credit agencies and they don't weigh much on the credit score. What I suggest is, keep what you have and get the signature card and in 2 months or so, pull your credit report and see what it shows. After all, having 2 cards is supposed to be better than having 1 when it comes to scores.
Author: pepper jackson Title: Visa Signature Credit Card Offer Posted: Wed Dec 15, 2004 6:08 pm
basically a signature card will prevent overlimit fees if you can pay your balance down under the limit by your next due date.
it is advertised as "no pre set spending limit" this does not mean unlimited spending. do not count on being able to make a purchase with your card if you are overlimit. generally, the card will allow you to go over a certain amount before the charge is denied. (say 10% of your limit). if it goes beyond this the charge may be denied. this misunderstanding of the card can get you in trouble.
but if you are the type of person who charges up your card every month and then pays it off and you risk going over limit (lets say a business owner who puts $10,000 each month on your card and then pays in full) then the signature card is a good choice. no overlimit fees.
Author: Louis Title: Chase Freedom Credit Card Offer Posted: Mon May 12, 2003 9:49 am
I applied for and was accepted for the Chase Freedom card. I have a Citibank card (Dividend Platinum Select, which is no longer attractive since it has a $100 tier) which I was thinking (before I got the Chase Freedom card) of converting to the Shell Mastercard. I use Shell gas sporadically, and only when it is cheaper than other gas.
Is it a good idea to get the Shell Mastercard for Shell gas only, at 5%, and use the Chase card for other 3% gas and other purchases? Or is this too complicated? I also have an AMEX cash back card for all purchases (primary) except gas. Chase will be used for all gas and anywhere AMEX is not accepted. Shell, if I get it, for only Shell gas, and then only when it is cheapest.
Any opinions? Too many cards? Or are these good options to have?
Author: Eugene Title: Chase Freedom Credit Card Offer Posted: Wed May 14, 2003 12:49 am
Looks like you have a well thought-out plan. 3 cards is definitely not a lot. And it's a good thing that you will use them all at least sometime. However, there is a risk that you will be spending so little on cards #2 and #3, that you will not get your reward soon enough, or not get it at all. Do the math and see if that's a real risk with your spending levels and the cards' rebate conditions.
Author: HJM Title: Chase Freedom Credit Card Offer Posted: Sat May 17, 2003 12:29 am
Quote: However, there is a risk that you will be spending so little on cards #2 and #3, that you will not get your reward soon enough, or not get it at all.
Actually, there is no risk on these gas cards because they will credit the cards on the following month.
Author: Ira Title: Chase Freedom Credit Card Offer Posted: Tue May 20, 2003 6:44 pm
Actually there's a better choice out there for general gas purchases than the Chase Freedom Card. It's the AAA MasterCard (or VISA, the offer both) from First USA. This card gives you a 5% rebate on any brand of gas, so long as you can pay at the pump. If the station does not offer pay at the pump, co not use this card since you'll get no rebate at all.
Author: smithr Title: Orchard Bank Credit Card Offer Posted: Fri Nov 19, 2004 2:12 pm
When you apply online, do you get instant approval or do you have to wait for the notification by mail?
Author: keb1209 Title: Orchard Bank Credit Card Offer Posted: Fri Nov 19, 2004 7:32 pm
I received an offer for their Silver Mastercard last week and applied over the phone today. I was approved immediately on the phone however, the person taking your application doesn't know the credit limit or any of the card's terms. You find out once you receive the card which is in 7 to 10 business days. I'll post again once I receive the card.
Author: Ira Title: Orchard Bank Credit Card Offer Posted: Sat Nov 20, 2004 10:05 am
There is no single answer to this question. It depends on your credit score and the issuer's criteria. Sometimes you will get instant approval, especially if you are applying for a merchant-specific card. Example: when I bought my HDTV at Circuit City, I got approved for their Circuit City Master Card in about 30 seconds. IF you're applying for a general use card it might mean that further review is required. If you do not get instant approval it does not mean that you will be turned down
Author: keb1209 Title: Orchard Bank Credit Card Offer Posted: Fri Dec 03, 2004 8:11 pm
My Orchard Bank Silver Mastercard came in the mail yesterday, and as I stated before... the rep who takes your application knows immediately whether or not you're approved. You won't know the credit limit however until you receive the card in the mail.
Did you get an offer in the mail from them? Mine offered 3.9% fixed on purchases until October 31st 2005, and 14.9% variable thereafter which is an almost unmatchable deal for a subprime card. The card arrived without a card agreement, so I called customer service and they told me that the agreement I actually received with the invitation is the one currently in effect for my account... confirming that I did have the 3.9% intro rate.
Author: Ira Title: CitiBank Dividend Platinum Select MasterCard Credit Card Offer Posted: Sun Jan 11, 2004 7:24 pm
This is the best intro offer I've ever seen, but it seems to be available only to existing CitiBank clients by invitation only.
There's no annual fee. During that first year it offers a 5% cash rebate on ANY gasoline purchase, ANY supermarket purchase, and ANY drug store purchase. They also incorporate a 1.9% balance transfer rate through December, 2004 with no balance transfer fee. After that the rate goes to 9.9%. The purchase rate is a fixed 9.9%. Rebate checks are send when rebates reach $100.00, and rebates are capped at $300.00 per year.
What about the percentage of the rebate rate after a year? Still 5% ?
Author: Ira Title: CitiBank Dividend Platinum Select MasterCard Credit Card Offer Posted: Mon Jan 12, 2004 10:01 pm
1% after one year.
Author: Imagine Title: CitiBank Dividend Platinum Select MasterCard Credit Card Offer Posted: Mon Jan 19, 2004 10:56 am
My SO had never been a client of Citibank and got a preapproval letter with this offer in the mail. He doesn't like getting new credit cards but needed at least one (he cancelled his subprime cards), so he went for this one. I think it's a sweet deal!
So maybe it is available to non-Citibankers, but by invitation only. Maybe Citibank will expand its marketing base for this offer
Author: Nightstar Title: Bank of America Credit Card Offer Posted: Sun Nov 16, 2003 6:35 pm
http://www.bankofamerica.com/
Bank of America Money Return Visa Platinum
Annual Percentage Rate (APR) for Purchases
2.9% fixed introductory rate for the first six billing cycles, thereafter, Variable APR, currently between 11.99% and 16.99%*.
*If an introductory rate is applicable to this product, and we do not receive at least the minimum payment due during any billing cycle, or you go over your credit limit, any introductory rate on Purchases and Balance Transfers will terminate. If at any time (including the introductory period, if applicable), you miss two consecutive minimum payments; or within a twelve month billing cycle period you miss three minimum payments or are three times Over the Credit Limit; your Purchase, Cash Advance and Balance Transfer APR will be the Prime Rate plus 14.99% (minimum 23.99%).
Annual Percentage Rate (APR) for Balance Transfers
2.9% fixed introductory rate for the first six billing cycles, thereafter, Variable APR, currently between 11.99% and 16.99%*.
Your Purchase, Cash Advance and Balance Transfer APR may vary. The rate is determined monthly by adding a margin between 7.99% and 12.99% for Purchases and 12.99% for Cash Advances to the Prime Rate**.
**The Prime Rate used to determine your APR is the rate published in The Wall Street Journal effective on the last day of the prior month. The margin is determined by our review of your credit report and information you provide on the application.
Balance Calculation Method for Purchases
Average Daily Balance (including new purchases)
Annual Fee
None
Grace Period for Purchases
At least 20 days
Minimum Finance Charge for Purchases
$1.50 (unless purchase Average Daily Balance is zero)
Late Payment Fees: $15 for balances less than $100, $29 for balances $100 to $1,000, $35 for balances greater than $1,000. Over the Credit Limit Fee: $32; Cash Advance Fee (including Overdraft Protection): 4% to 5% of each advance (min. $5 to $25). Total Foreign Currency Conversion adjustment: 3% of foreign transaction. Stop Payment Fee $29; Returned Payment Fee $29; Copy Charge: $3 per item; Research Fee: $15 per hour; Payment by Phone Fee: $10.
Money Return Terms
10% of the total interest charges you paid will be reimbursed to you at the end of every calendar year provided your account is eligible. To be eligible for reimbursement at the time of payment, your account must be open and current. Payments will be made by check except for amounts less than $2.00 which will be credited to your account. Bank of America reserves the right to discontinue the Money Return program at any time without notice; however, all payments accrued to eligible accounts will be paid prior to the termination of the account.
The information listed above is correct as of 11/2003 and is subject to change at any time without prior notice. To receive the most recent information please write to Bank of America, P.O. Box 53137, Phoenix, AZ 85027-9911.
Author: Randysbarb Title: Bank of America Credit Card Offer Posted: Mon Nov 17, 2003 9:30 pm
Note that although BofA is very good to some people, save your time if you have a past bankruptcy. I had one from 7 years ago and have had good credit since then. FICO is 680 and was declined due to past BK
Author: Verne Title: Bank of America Credit Card Offer Posted: Mon Nov 17, 2003 10:45 pm
I applied for BOA with $25,000+ debt, 75%util., and scores of 690-730. The offer was preapproved so I took a chance. Sure enough they gave me their lowest credit limit - $1,000. (APR 0% for 6 months and 9.9% thereafter)
I found them to be gimmicky the first year. They would send me convenience checks already made out for $900 and the checks would be treated the same as a cash advance with the high interest and fees. Month after month I didn't rise to the bait.
After 9 months I started seeing offers to increase my credit limit if I made a balance transfer of at least $500. They dropped the cash advance interest rate but still had a fee with a $50 cap on each check. But in the footnotes about three asterisks down, in the finest print on the page, I'm told the fee will be treated like a cash advance. In other words, the $50 would be buried at 19.9% beneath the rest of my balance at 9.9% and paid off last. I still didn't take the bait.
I rejected all their credit limit increase/BT offers with strings attached. A few months later, after I had the card a year, I noticed my CL was $3,000 - no strings.
Throughout the first year I ran the balances up to about $800 some months and near zero others. I always made more than the minimum payments, sometimes paying it completely off or letting some ride. I wanted to give them the impression I could handle credit. (I can't, but that's beside the point)
I tried to show them with the occasional high balance that I could use a credit limit increase yet pay it down to zero once in awhile to show them I was able to pay it off. While they think they are playing me, I'm playing them. I want them to think I'm dumb enough to get deep into debt (Well, I am, but that's beside the point) yet at the same time, worth the risk.
But the most important part of getting a credit limit increase is to act like you don't need it.
I'm a newbie to this forum but have appreciated the wealth of information I have read so far. Here's my dilemma that i'm hoping you GREAT people could provide some insight on.
I received an offer from Chase for a Mastercard with 0% for life on balance transfers over $8k (with other rates for smaller transfers max 2.99% for life, for purchases, preferred pricing APR rate that starts at 10.9%). When I read the fine print, they are charging a $150 balance transfer fee for each transfer (i think that's pretty steep).
Secondly, I have a Providian Card (no barfing) that I've had for years that has a $460 secured deposit in their possession. It has no balance and I don't use it for anything. High APR 15.99% and I just received the bill for the Annual Fee-$39. I don't want to cancel due to my FICO being hurt along with my debt ratio taking a dive(.22 to .26). But that $460 could go to debt repayment.
I have 2 cards with balances (Bank of America $7k @ Prime Rate for life of balance, Discover $4k 0% until 6/05), so i could accomodate the $8k to get the 0%.
Do you think I should apply for the Chase given the stiff transfer fees and high APR and then cancel Providian or what?
... or ask Providian to upgrade your card to one that does not have an annual fee OR a security deposit. If they don't do it, I agree with Viper - cancel the card, but AFTER (and IF) you receive the new card you want now
Get the Chase card, balance tranfer the 8k (or more) to your Providian account, then ask for a refund of the excess. Use it to pay down your other accounts.
This way, you incur only one balance transfer fee of $150. You're paying more than $150 per year interest on that $7k prime rate account, so you're coming out way ahead. $150 sounds like a high rate for a balance transfer at first glance, but it's under 2% of the $8k transfer--and if you never use the Chase card for anything else, it's all the money they will ever get from you in interest or fees. The minimum payments will likely pay off the balance in 5 years or so, so that' $30 per year as your net cost instead of, say, $320 per year at 4% on the $8k. That's a good deal! (Actually, of course, since the outstanding balance is always going down on both of these loans, the interest/fee is likely to be half those numbers on average over the 5 year payout. I'm not gonna do the math here--you get the point without it.)
Author: goofballz Title: Corporate Credit Card Offfers Posted: Thu Jun 24, 2004 10:36 am
Here's the scenario:
An executive at my company makes frequent travel to Japan where he finds it difficult to use his corporate AMEX because vendors in Japan don't take it. He has asked repeatedly about a getting a corporate Visa or MC which is more readily accepted there.
Here's the problem.... he has bad credit and doesn't want any more hits to his credit history. Ultimately, he'd like our company ($200M annual sales, established for 30 years) to be issued a card that he can use, rather than a card being issued to him personally through the company. (He just doesn't want his credit run.)
Are there any credit cards out there like this? As far as I know, an individual user of a corporate credit card has to accept responsibility in case the company goes BK, in which case, the credit of the individual user must be taken into account.
A credit-worthy officer of the company can apply for a business card and then add the other person as an authorized user of the card. The person who applied for the card originally would then be liable for any payment problems.
It's quite common for a company to add users to its corporate cards, by the way.
Thanks for the reply, but wouldn't the second "authorized" user of the card also be subject to credit history search as they would still need to offer up a personal guarantee of payment?
Author: upashiboka Title: Business Credit Card Offers Posted: Fri Dec 10, 2004 11:11 am
Hello,
I am a new member here and this is my first post here.
Currently, I have 2 cards: Mastercard from Citibank (Dividend Platinum) & Visa from credit union. I always pay my balance in full, so I don't really care for APR. I have blocked my credit file for marketing purpose, so I dont get much offers for new cards/transfer etc.
Citibank gives me 1% cashback, so I have kept their account. Visa card does not give me cashback or anything else, so I dont use it much and that is my backup card.
Credit score as of last week is 768 and 750. Have not checked third score but I assume it will be in the same range.
I was thinking of getting a separate card for my business account so that I can keep business expenses separate from personal expenses.
Which one would you recommend? Any feedback is appreciated.
Author: quamism Title: Business Credit Card Offers Posted: Fri Dec 10, 2004 12:58 pm
Hard to beat AMEX for customer service and benifits if you go with the platinum card. I have had mine for about a year now and really enjoy the service and the benifits. One draw back is the limited number of places that accept the card. So i am always having to put some purchases on my personal credit card and then expense the charges i put on my personal.
If i had to do it over again i probably would go with the citi business card.
One interesting thing i did find out, at least with AMEX, is that they do not report to CRAs on business cards unless you default. I was not aware of this and maybe all business cards are this way, but i was not aware.
Author: Board Monitor Title: Title: Business Credit Card Offers Posted: Fri Dec 10, 2004 5:40 pm
upashiboka,
Thanks for your post and welcome to the board! We just posted a new article containing comparison shopping tips for business cards that may be of interest:
Hi, I am not a regular user of a credit card, but am hearing more and more that friends are using credit cards that accumutlate miles. We are going on a trip and have not time to apply for that now but will be using our First card Platinum Visa and would transfer that to a credit card that acculates miles. So I am looking for the best card without high annual fee or none and if this would be a wise option for a inexperienced credit card holder? Would appreaciate any advise. ASAP Thank you Darlene
Author: Board Monitor - AD Title: Airline Rewards Credit Card Offer Date: 11/1/2000 1:28 am CDT
Dear Darlene,
There are a variety of airline reward cards to select from, some with very low annual fees and others with very high annual fees above $150. Ideally, you'll want an airline reward card that you'll be able to take advantage of most, here are some tips:
1) Look for a card that offers additional miles for selected purchases, such as through participating airlines.
2) An annual fee should be factored into your spending habits. If you plan to spend several thousand dollars a month on the card, and will be able to earn a free ticket every year, then an annual fee is less important to consider as a cost. However, if you plan to spend only a few hundred dollars, then you'll want to stay away from high annual fee reward cards.
3) Look for a reward program that will allow you to combine miles earned with airline frequent flier programs. Some credit cards do not allow you to combine rewards, and therefore may be a less attractive option to those who may frequently fly on a specific carrier.
4) The interest rate is important, but reward cards aren't known for their low rates, so don't plan to carry a balance, otherwise you'll pay high finance charges.
Priority Rewards Worldwide Platinum Visa from Bank One...Does anyone have this card? It offers one point for each dollar charged, good for free nights at any Six Continents Hotel, plus other merchandise, etc.
A free night at a Holiday Inn Express is usually 10,000 points, while "special destination" Holiday Inn Express locations are 20,000 points.
Is this a good card to have, or is it a waste of time? It would be used as a second backup card, behind two others.
Author: Ira Title: Rewards Credit Card Offer Posted: Wed Jul 02, 2003 2:37 am
You figure it out. How long would it take you to charge $10,000.00? $20,000.00? How often do you stay at Holiday Inns, or how often would you? What does a typical night at a Holiday In cost? Now compare this card to those which offer you an instant 1% cash rebate or a 5% rebate on all the gas you buy. Which is better for YOUR life style? That's how I would decide which card is better for me.
Author: Ira Title: Rewards Credit Card Offer Posted: Fri Jul 04, 2003 6:17 am
......or cash rebates, or airline miles, or points towards a new car, or any other of the myriad kinds of reward cards that are out there. Or to paraphrase an airline commercial, "What do you want to spend towards today?"
I keep on getting denied, 3 out of 5. Two I'm still waiting on. The reason is basically because I don't have sufficient revolving credit accounts, lack of credit references, and lack of credit utilization etc. What does this all mean?? What I think it means is that I've been denied credit because I don't have a credit card. So how can I get a card then? I want to build my credit with an unsecured card. A credit limit of even $100 is good enough for me. I basically have little credit history. Is a student card good for me? I saw a card from Citi bank that requires no minimum income requirements, and usually student cards are easier to get. I make less than $10,000 a year. I applied for an Amex Blue for students and am waiting to get decision in the mail. I tried to apply for the most basic type of card but keep on getting rejected. I asked Experian to send me a free copy of my credit file. But, I doubt that there is something wrong with it. I just don't have any credit history, I have some with a loan but that is it. Or maybe I should have filled out those pre-approved offers I got in the mail, but I threw them out and don't know when I'll get another one.
Yes you are correct that they declined due to lack of having established credit right now.
Would suggest that once you get your credit report from which of the CRAs you can, then take these with you to a local bank or credit union and talk to a loan officer as to what you need to get a credit card account.
Don't let them pull your credit report, unless you get their agreement that they can offer you credit for sure, otherwise any more inquiries added to the credit report is just going to continue to drag your credit score down.
You may have no choice but to go with a secured credit card, or even get an installment loan. Other types of credit would be if you are renting and paying for utilities (most utility companies now report to all 3 of the CRAs). Or even a phone account.
Another idea is if you know of someone that can add you as an authorized user to their account, just to gain the history to your credit report and boost the credit score.
If you go for AU account, then be sure the owner checks with the creditor that they will add the account to your credit report & that they actively report to all 3 of the Credit Reporting Agencies.
Joint or even Co-signer accounts would help, but remember if you have to go this way, you are jointly responsible for the balance on the account, authorized user just means that you are authorized to use the account, but the creditor considers the account owner resonsible for the payments. So if you go with AU account and charge, then you are responsible to the owner to pay your debt to them.
Thanks for your advice...So, would applying for a "student" card improve my chances of getting approved? Most young people, like me, lack established credit. I have a savings account at PNC Bank, I applied for a credit card through their website, but I think MBNA administers it and I already got rejected for a card from MBNA. And I'm waiting for a response for the MBNA PNC Bank credit card. If PNC Bank offers secured credit cards I could go that route. In secured credit cards they use your account as collateral, but money in an account and go up and down with withdrawals and deposits. What happens if I have no money in the account? There will be no collateral for the bank I guess. I want a credit card to purchase things online and occasionally use it for everyday purchases etc. What about prepaid credit cards? Would that help build credit and allow me to use it online? Thanks...
Author: milavant Title: Gas Credit Card Offer Posted: Tue Dec 21, 2004 1:39 pm
I used to have a number of gasoline cards, such as BP, Exxon/Mobil, Citgo, etc. that I closed, due to the fact that they did not provide cash or gas rewards, like my AMEX, Mastercard, and Visa do.
I am wondering if I should reopen one or more of them, just to help my credit score (currently in the high 700s). I had a $1000 limit on Exxon/Mobil (generous for a gas card). If I reopened any one, that would be the one.
The problem is what would I use it for, since I have the Chase Perfectcard?
Is there any reason to have a gas card in my mix? I also have Sears and Meijer, as two store cards. I have a total of five cards now.
Author: Ira Title: Gas Credit Card Offer Posted: Tue Dec 21, 2004 10:45 pm
As I just said to another poster, there is no such thing as "reopening" a credit card account. Closed is closed. If you want to reapply for the same card it would be treated as a new application.
With regard to gas cards in general, every one that you mention offers a rebate program. BP & Exxon offer a 3% cash rebate for using their gas, + a 1% rebate on all other purchases. Shell from Citibank offers a 5% gas rebate. The Hess card from Chase offers a 5% rebate, but it is increased to 10% for the first 90 days. Citibank Platinum Prefered offers a 5% cash rebate on ANY brand of gas, + a 5% rebate on all super market purchases.
Should you have a gas card? It depends on your driving habits. If you're a 40,000 miles a year road warrior like me, it's almost manditory to have one or more of them (I happen to carry four). On the other hand if you drive only 10-12,000 miles a year it's not going to make too much of a difference. You have to decide what's best for you.
Author: bodeh6 Title: Gas Credit Card Offer Posted: Tue Dec 21, 2004 10:54 pm
Yeah I definitely agree you need one. But not a branded one. The Citi Dividend Platinum Select is a great deal. 5% at drug stores, supermarkets, and gas stations and 1% everywhere else. And unlike some cards like Amex/Discover you get the 5% on any amount of the balance. It is not tiered like 0.25% on first $1000 then 0.50% on next grand or two. I love the Citi Dividend. Best credit card offer out there.
Author: N. Sullivan Title: Credit Card Offers with Cash Back Date: 2/2/2001 3:54 pm CDT
Just want express disapproval of the discontinuance (effective 5/15/01) of the Rewards Check feature of the Verizon Credit Card from Chase Bank. The perk could be applied to the owner's Verizon phone bill and was good for about $20 per month when the card was used at a rate of $1000 per month. Since I paid the credit balance in full, it was a great way to lower my phone bills, and give me a pretty good record of my primary credit spending all in one Credit card file.
To my way of thinking this was a poor move on Verizon/Chase Bank's part.
Also, don't be taken in by Chase Bank which offer a "Cash back" or "cash builder" card. The Bank offers cash back only if the user maintains a revolving credit balance of over $500. Big deal: give the user 1% on his monthly purchases, and let the bank have a steady finance charge on at least $500 each and every month.
Author: Tony Falcone Title: Credit Card Offers with Cash Back Date: 2/2/2001 11:45 pm CDT
I wholeheartedly agree with you. I am very disappointed in their ending of the rewards program. I hope Chase knows that I'll be shopping for another rewards card, and it will hopefully not be with them.
Author: Ira Stoller Title: Credit Card Offers with Cash Back Date: 2/3/2001 0:58 am CDT
This comes on the heels of Bank of America cancelling their rebate program with the Sunoco Master Card. I used to get mabe $30.00 a month in cash rebates. I will surely miss it. Do you think this is the start of a trend to discontinue rewards cards and all other types of incentives?
Author: Board Monitor - CA Title: Credit Card Offers with Cash Back Date: 2/3/2001 8:44 am CDT
Ira,
When will the Sunoco card cease being issued? I would to include an update on our site about this. I didn't find any info. on BofA.com.
I don't think this represents a trend. Rebate cards seem to come and go with frequency. I am surprised the Sunoco program lasted as long as it did. There are new reward card programs that seem to "spring up" almost on a daily basis. So much so, that it is hard for us to keep up with all of them.
Author: Eugene Title: Credit Card Offers with Cash Back Date: 2/3/2001 9:10 am CDT
There are new reward card programs that seem to "spring up" almost on a daily basis.
Yeah, I agree. I think reward programs in general are not going anywhere because they are an excellent tool of attracting customers for CCCs. Too bad that individually, they don't seem to last long. The more customers leave issuers after a reward program is discontinued, the sooner CCCs start offering more stable programs.
Author: Ira Stoller Title: Credit Card Offers with Cash Back Date: 2/3/2001 6:30 pm CDT
Curtis,
I posted a msg about this several weeks ago. I received an undated notice from Bank of America as follows:
"We appreciate your participation in the Sunoco MasterCard program from Bank of America.
"Since 1994, when the program was introduced, we have rewarded our loyal cardholders with millions of dollars in rebates for Free Gasoline. As one of our customers, we want you to be among the first to know that this program will be ending on May 18, 2001. Additional details or new opportunities will be provided prior to that date.
"In Summary:
"CREDIT PRIVLEGES will continue. Use your Sunoco MasterCard for all your gasoline purchases and other shopping needs. You will be receiving a replacement card at a later date.
"REBATES will continue to be earned through your March 2001 billing statement, after which no rebates will be credited. All earned rebates will be issued in your March 2001 billing statement and may be redeemed through June 30, 2001.
"No action is required on your part. P{lease continue using your credit card until you receive your replacement. Additional details will be provided in the coming months.
"Again, thank you for your business, and support of this program.
James R. Sebo Senior Vice President Bank of America"
I have no idea what the significance of the May 18th date might be or how it ives with the other dates, but that's all the information I have at this time. Hope this helps.
Hi there You work for MBNA? Wow what an immense honour!!!! My story in a nutshell. I received a letter in the mail from MBNA advising me that I had presapproved to receive their credit card. Hooray!! I completed the form that came with this "preapproval". I duly received a reply from them advising me that my request had been refused as I did not earn enough money. I happen to be a specialist doctor earning a 6 figure amount annually and I did not earn enough money? I wrote to the sender of this letter from MBNA and in true form, did not even receive a letter of acknowledgement to my letter. Besides being a totally incompetent Company, or so it appears, the MD has to learn manners and management skills. If the MD behaves in a manner unbefitting his status, how can one expect his staff to behave any better.----I always thought a good leader , leads by example. Obviously this MD has a lot to learn.
A good income trumps the credit score and covers a multitude of derogatories on the credit report. I think MBNA simply blew it.
Many report a similar experience to your's when dealing with MBNA's customer service. I'm steering clear of them based on reports from people like you and Polonius.
Don't they get it? When consumers compare notes at online sites such as this, hundreds and thousands, and tens of thousands, catch on.
Author: Ira Title: Credit Card Preapproval Offers Posted: Wed Dec 01, 2004 11:11 pm
Anita, all preapproval means is MBNA asked one or more of the CRAs for several thousand or mabe several hundred thousand names of people who seem to fit their minimum profile for obtaining credit. You still have to apply for the card if you want it and then they'll check your credit worthiness for real. Many of us get these offers in the mail three times a week. Preapproval does NOT mean approval.
It would be much better if the banks (and yes, they all do it) simply came out and said you seem like a nice person, if you'd like one of our credit cards just fill out this application and we'll check you out.
You are not the first, and unfortunately won't be the last, to get tied up in the semantics of approval vs. the meaningless term, "pre-approval."
Author: Nightstar Title: Credit Card Preapproval Offers Posted: Thu Dec 02, 2004 12:15 am
Ira is right, pre-approval is nothing more then saying that they bought your name and address from a credit reporting agency to send you a pre-screened credit card offer.
No creditor is going to approve an application without first pulling a credit report, and matching it with their check list of what is acceptable for a customer.
Sometimes they have more complex underwriting then just going by the score, some might not grant to people who have filed bankruptcy, and others will cut you off if they say you make too little income... (I have had that happen to me before with Pulaski Bank) it is their choice though who they accept or don't accept,
It is sad though, that they never responded to your letter, showing them proof of income you should of been able to get the card, you might re-direct you letter again through www.planetfeedback.com - just use the site to look up the creditors address, and a contact person.
I know many creditors reply quicker when people use sites like that one
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