Can a Credit Card Annual Fee Be Waived?
Posted On: May 25, 2006
Posted: Thu Mar 09, 2006 9:12 pm
Post subject: Will credit card companies waive an annual fee…
if you tell them that you are going to cancel their card? I found a Chase hotel co-branded card that I would use once or twice a year for travel that is free the first year and costs $29 yearly after that. do you think they would waive the fee if I threaten cancel the card before the fee kicks in?
Author: mouse
Posted: Thu Mar 09, 2006 9:43 pm
Post subject: Re: Will credit card companies waive an annual fee…
bullet875 wrote:
if you tell them that you are going to cancel their card? I found a Chase hotel co-branded card that I would use once or twice a year for travel that is free the first year and costs $29 yearly after that. do you think they would waive the fee if I threaten to cancel the card before the fee kicks in?
Usually not
The “FEE” is so they can run the PROGRAM
A “FEE” for no rewards card is easier to get waived (in many cases)
Author: maddybeagle
Posted: Fri Mar 10, 2006 8:31 am
Post subject:
If they wont waive the fee, you can probably change the card to another program that has no fee. It doesnt sound like you use this anyway. Dont close it. Also, note that chase will not transfer rewards balances, though.
Author: bullet875
Posted: Fri Mar 10, 2006 10:44 am
Post subject: I didn’t get this card yet…
but I was deciding whether I wanted to apply or not. I think I’ll skip it. I was just trying to decide as we have one of their hotels in our town and I was hoping to get free night s to use to get away from my kids…lol, but I would only stay in their hotels 4 to 5 nights a year….probably not long enough to reap rewards for a $29 fee.
posted by CardRatings.com at 8:06 PM 0 comments 
Credit Card Debt From Dead Parent: Responsible?
Author: Juniper
Posted: Wed Mar 08, 2006 4:31 pm
Post subject: Credit card debt from deceased parent…no estate
My mother passed away in December 2005. All of her assets were Transfer Upon Death to my 2 sisters and I. I have a credit card company that turned the balance over to a law firm in January and they are trying to collect late fees from January 06. I told them that I refused to pay the late fees, so I’m waiting on them to make the balance right. My banker told me that I was not liable to pay for any of the debt because there is no estate for which they could collect it from in the first place. Is this true?
Author: Polonius
Posted: Wed Mar 08, 2006 4:37 pm
Post subject: Credit Card Debt From Dead Parent: Responsible?
Quote:
All of her assets were Transfer Upon Death to my 2 sisters and I
Then her debts have to be paid with her assets. You and your sisters get anything left over when the estate is settled. If you’re saying there are no assets, have the executor of the estate write a letter to that effect…or just ignore everything.
If the executor is one of you three, perhaps that person should consult with an attorney. There’s a vast difference between what is required legally and what you can get away with practically speaking. But you’re certainly not personally obligated to pay her debts with your money.
Polonius
“Neither a borrower, nor a lender be; For loan oft loses both itself and friend”
Author: Juniper
Posted: Wed Mar 08, 2006 4:48 pm
Post subject:
There are assets that were transferred to us, but her estate is worth Zero. There actually is no estate.
Author: Polonius
Posted: Wed Mar 08, 2006 5:09 pm
Post subject: Credit Card Debt??
I don’t understand what you’re saying. How could she have assets but no estate? How can you transfer her assets except as part of settling the estate legally, where debts have to be paid from the assets first? Or are you saying the assets were held in accounts specifying rights of survivorship, in which case the assets had more than one owner and on the death of one the others fully own it without the need for probate or any formalities?
posted by CardRatings.com at 8:01 PM 0 comments
Regulation of Credit Card Issuers
Author: Board Monitor
Posted: Wed Mar 08, 2006 3:08 pm
Post subject: Regulation of Credit Card Issuers
This message posted by e-mail request from one of the visitors to our site:
I’m trying to find out who, if anyone, regulates credit card issuers. The OCC said that credit card companies had to increase the minimum payments due to help consumers pay off their debt sooner. However, with no oversight on credit card companies charging loan shark default rates, how will consumers really get out of debt! (I’m a political science student and feel this is a problem that needs to be addressed. I’m trying to figure out how to help make a change. Any suggestions?)
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Author: maddybeagle
Posted: Wed Mar 08, 2006 8:09 pm
Post subject:
Quote:
how will consumers really get out of debt!
By not spending what they cant afford I think more education is the key (like this forum). I think regulations only inconvenience people and keep free markets from working.
Author: mouse
Posted: Wed Mar 08, 2006 8:29 pm
Post subject: Regulation of Credit Card Issuers
MBNA just raised mine to 1% + any interest
WOW THAT IS A BIG RAISE!!!
The media was pushing 4% and people were popping a cork
Last edited by mouse on Thu Mar 09, 2006 6:11 pm; edited 1 time in total
Author: Ira
Posted: Thu Mar 09, 2006 12:39 am
Post subject:
The interest rates that lending institutions can charge is unregulated, which has nothing to do with “how can consumers get out of debt?” Maddy is 1001% correct; by not spending over their heads. Consumers must be educated that every time a credit card is used it is the exact same thing as taking out a loan. No difference whatsoever. Consumers have to also be educated that the minimum payment on a credit card statement is to be ignored. Instead look at the total amount owed. THAT is the amount they should be trying to pay as quickly as possible. We must educate school children who in turn might educate their parents. Forget the interest rate. It’s not the problem. Spending like a drunken sailor and not being able to pay it back, THAT’S the real problem.
posted by CardRatings.com at 7:57 PM 0 comments
Charles Schwab Credit Card Limit Increase
Author: QikPass
Posted: Wed Mar 08, 2006 4:23 pm
Post subject: Charles Schwab CC CLI?
Anyone with the Charles Schwab CC, how often do they review your account and increase your limits, and what type of increase have you been getting.
Please also post how often you use the account, and how long you’ve had it.
Thanks.
_________________
Fortune Favors The Bold…
Author: Ira
Posted: Wed Mar 08, 2006 5:53 pm
Post subject:
I’ve had my account for about six months and used it a few times. I pay my bills in full during the grace period. Essentially they don’t bother me and I don’t bother them. I have no idea how often or if they review my account, I haven’t asked for or been offered any limit increases, and I’m quite comfortable with that. I did get the promised $100.00 for my first use of the account.
posted by CardRatings.com at 7:55 PM 0 comments
US Airways Credit Card Review
Author: Alexis Rios
Posted: Tue Mar 07, 2006 10:13 am
Post subject: US Airways credit cards.
I saw both cards. The US Airways World Mastercard issued by Juniper and the US Airways Visa Signature issued by Bank of America. My only question would US Airways are finishing their contracts with BoA ?
I know that US Airways have other cards with BoA (platinum , gold , etc) , but the recent introduction of US Airways World Mastercard by Juniper , i’m beginning to think that US Airways will move to Juniper.
Any comments would be apreciated.
Author: mouse
Posted: Tue Mar 07, 2006 10:25 am
Post subject: Re: US Airways credit cards.
Alexis Rios wrote:
I saw both cards. The US Airways World Mastercard issued by Juniper and the US Airways Visa Signature issued by Bank of America. My only question would US Airways are finishing their contracts with BoA ?
I know that US Airways have other cards with BoA (platinum , gold , etc) , but the recent introduction of US Airways World Mastercard by Juniper , i’m beginning to think that US Airways will move to Juniper.
Any comments would be apreciated.
BofA is no longer going to carry USAIR VISA
Be careful with JUNIPER
CLD
CLOSE ACCOUNT BEFORE YOU CAN USE THE CARD
VERY NARROW APPOVAL TARGET RANGE
Author: credithelp
Posted: Tue Mar 07, 2006 12:52 pm
Post subject:
Juniper is offering a good card but they are a very very weird bank. I have the world card and like it so far but a coworker with a 720 credit score and a clean report was denied for excessive available credit limits so juniper has weird standards.
posted by CardRatings.com at 7:49 PM 0 comments
Favorite Credit Cards
Author: rapjunkie
Posted: Sat Feb 11, 2006 1:22 am
Post subject: Here’s a general one… What’s your favorite card, and why?
I figured this would be a good thread to see what general impressions are… so what’s your favorite credit card (that you actually have, not just want) and why?
Author: squeezenickle
Posted: Sat Feb 11, 2006 1:57 am
Post subject: favorite card
m.b.n.a easy to get cash lots of them. b.o.a 0% no up front fee
Author: creditnewbie
Posted: Sat Feb 11, 2006 10:51 am
Post subject: Favorite Credit Cards
my favorite card is the AAdvantage platinum world master card.
reasons:
1) It never declines no matter what I charge when I travel, and I didn’t have to call citi bank to let them know that I was going out of town. Charges always went through, and when they wanted to make sure they were valid, they called my cel and I just had to press 1 or 2. It happened only once when I made the first big purchase $31,000 using that card. My limit was $28,000. My card didn’t decline and the travel agent didn’t get a message to call the center.Citi called me a few hours later to make sure I made that charge and I continued to use it that month.
2) Concierge was very helpful. I used it very often
My least favorite is BoA platinum visa. Fixed 8.9% APR. That’s about it. It’s like having a loan officer in my wallet. I rarely use it.
I’ll be using the platinum amex next week and I’ll see how it compares to my mastercard
Author: crypticlineage
Posted: Sun Feb 12, 2006 4:22 pm
Post subject:
My most favourite card is my check visa card.
Why?
1. Never have to worry about finance charges
2. Joy of remaining debt-free is priceless.
3. You would not be able to do impulse purchases (which would most likely result in a finance charge paid debt if you use a credit card) because you know you dont have unnecessary money in account.
I know everyone knows about all this, I just thought it would be funny.
posted by CardRatings.com at 7:43 PM 0 comments
How to Use a Credit Card Balance Transfer
Author: JoyJoy
Posted: Mon Mar 06, 2006 8:20 pm
Post subject: How do you use your card for Balance Transfers?
I was reading an article regarding balance transfers and it stated “The best way to take advantage of a balance transfer offer is to make only one transfer.” It stated if you make multiple balance transfers with transaction fees of 3 to 5% then the transaction fees can quickly undermine your savings. I can understand this but if one has three credit cards and wants to pay all three cards off, why should that be a problem? Wouldn’t the fees still cost less than paying interest every month for 12 months? (0% BT).
Author: mouse
Posted: Mon Mar 06, 2006 8:22 pm
Post subject: Re: How do you use your card for Balance Transfers?
JoyJoy wrote:
I was reading an article regarding balance transfers and it stated “The best way to take advantage of a balance transfer offer is to make only one transfer.” It stated if you make multiple balance transfers with transaction fees of 3 to 5% then the transaction fees can quickly undermine your savings. I can understand this but if one has three credit cards and wants to pay all three cards off, why should that be a problem? Wouldn’t the fees still cost less than paying interest every month for 12 months? (0% BT).
Only “IF” there is a FEE per BT
You can sometimes get a check and deposit it in your checking account at the same rate
MBNA lets me BT to my checking account for just $75 and I can pay like 5 or 6 accounts for that same $75 from my checking account
Last edited by mouse on Mon Mar 06, 2006 9:35 pm; edited 1 time in total
Author: JoyJoy
Posted: Mon Mar 06, 2006 8:36 pm
Post subject:
Thanks Mouse, using a check seems the best way to go if you have multiple accounts to pay off.
posted by CardRatings.com at 7:40 PM 0 comments
Getting the Most Out of 0% APR Credit Cards
Author: DavidPalmer
Posted: Sun Mar 05, 2006 12:18 am
Post subject: Taking advantage of the 0 % APR
who here takes advantage of the 0 % APR. For example, making a big purchase and then say just paying alitte bit every month, to where it will be paid off by the time your interest rate kicks in. A friend of mine did that with a laptop, which was the only purchase she had on the card, and by the time the interest kicked in she had it all paid for. I wish I would have done that with my first CC I got last year, and know I have the opportunity to do it with my 2nd card, but I don’t want to do it just to purchase something. Besides I graduate in May, and Im actually getting tighter with my money to make sure Im able to do all that I need once May comes.
Author: Ira
Posted: Sun Mar 05, 2006 10:10 am
Post subject:Getting
There have been many discussions on this forum from a number of people - myself included - who play the 0% game like a violin. What we do is start with a zero balance on the card, take out a 0% balance transfer for 90-95% of the available credit limit on the card, deposit that money in the highest rate interest bearing account we can find, pay the minimum on statement every month until the rate is about to expire, and during the grace period of the last month that the rate is in effect, withdraw the remaining principal from the interest bearing account and pay it off in full. We keep the interest. I call it using OPM (other people’s money) to make a profit.
In the last two years I’ve made $900.00 and $1,300.00 respectively doing just that. Not a whole lot of money, but it’s free money. All it takes is a little bit of organizational skills and about 10 minutes a month.
Oh yes, it will cost you $75.00 for each balance transfer which is nothing compared to the money you can make. Also, it helps to have rather high limit on the card you are going to use. No sense in going through all this with a $4 or $5,000.00 limit. I would say that $10,000 is about the minimum that would make sense. My last one was with an MBNA card with a $26,000.00 limit.
Author: maddybeagle
Posted: Sun Mar 05, 2006 10:36 am
Post subject:
OP, it sounds like you are talking about 0% on purchases. I have some cards with that and some with 0% on purchaes and/or 0% on bt’s. I am putting all of my utilities on my gm card right now (pay the min. payment and pay off at the end of the year). I think your point is a good one (not to use it to spend more).
Author: credithelp
Posted: Sun Mar 05, 2006 12:43 pm
Post subject: i used
I use 0% offers all the time. I had to make sure i was organized to make sure i didnt forget a certain detail or miss a payment. I’ll probably make around 500 this year, at 10 minutes a month, that’s 2 hours(unless my math is wrong) which pays me $250 per hour. Not bad when it comes to credit cards.
posted by CardRatings.com at 7:35 PM 0 comments
Redeeming Credit Card Points Online
Author: JaneiR36
Posted: Sat Jan 21, 2006 9:08 am
Post subject: Redeeming Chase rewards points online?
Can I do this? If so, where do I click to get to that point? And if not, how may I go about redeeming my points? I’ve tried clicking around and can’t quite find anything.
Author: maddybeagle
Posted: Sat Jan 21, 2006 10:06 am
Post subject:
https://www.choosemyrewards.com/ASP/CustomerLogin.asp
I believe for most cards.
Author: JaneiR36
Posted: Sat Jan 21, 2006 10:21 am
Post subject:
Easiest thing I’ve done in a while. My $50 check is on its way. Thanks!!
Author: JaneiR36
Posted: Tue Mar 07, 2006 6:17 am
Post subject: Redeeming Credit Card Points Online
One more Q, for anyone who has multiple Chase rewards cards, did you hae to register each? Or did they appear automatically on your rewards acct? Also did all the points contribute towards a total you could then redeem? I got $50 worth of points from a new signup and I have over 2000 points on my first card but I can’t see the points from the new one. Please let me know if anyone has experience with this. Else I’ll take the time later today to call customer service, but I hope not to…lol.
Author: stevejk
Posted: Tue Mar 07, 2006 11:25 am
Post subject:
Yes, if you have multiple Chase cards you need to sign up each one separately, using a different username/password combination for each. Yes, it is an inconvenience.
Author: JaneiR36
Posted: Tue Mar 07, 2006 2:30 pm
Post subject:
Very convenient for Chase is what it is! Seeing as points from multiple accounts do not add together, you have to use ‘em or lose ‘em!
posted by CardRatings.com at 7:26 PM 0 comments
Amex Business Credit Card Review
Author: rain
Posted: Tue Mar 07, 2006 2:03 am
Post subject: Amex business gold rewards card-$100 bonus
I got this in my email:
———————————-
Thinking about turning your big idea into a business? Or, do you already enjoy running a small business? The Business Gold Rewards Card can help give you the ability to buy what you need and earn rewards.
With no pre-set spending limit,(1) you have the purchasing power to take advantage of a new opportunity or cover an emergency. And there are no finance charges because you pay your balance in full each month.
You also get:
• Automatic enrollment in the Membership Rewards®
program(2)
• Membership Rewards bonus points on top of earning one point for virtually every dollar spent — earn up to 100,000 points or more in a year(3)
• Savings on everyday business expenses(4)
• Fee-free your first year — a $125 savings(5)
Apply now or call 1-800-276-1980 and mention
RSVP code: EM14
Terms and Conditions
Application must be received by 8/15/06. Bonus $100.00 applies to any purchase over $100.00 made between 3/1/06 and 10/31/06, and will appear in a statement credit on your Card account. The maximum credit available is $100.00 per account.
Last edited by rain on Tue Mar 07, 2006 11:35 am; edited 1 time in total
Author: mouse
Posted: Tue Mar 07, 2006 2:40 am
Post subject: Re: Amex business gold rewards card-$100 bonus
rain wrote:
I got this in my email:
————————
Thinking about turning your big idea into a business? Or, do you already enjoy running a small business? The Business Gold Rewards Card can help give you the ability to buy what you need and earn rewards.
With no pre-set spending limit,(1) you have the purchasing power to take advantage of a new opportunity or cover an emergency. And there are no finance charges because you pay your balance in full each month.
You also get:
• Automatic enrollment in the Membership Rewards®
program(2)
• Membership Rewards bonus points on top of earning one point for virtually every dollar spent — earn up to 100,000 points or more in a year(3)
• Savings on everyday business expenses(4)
• Fee-free your first year — a $125 savings(5)
Apply now or call 1-800-276-1980 and mention
RSVP code: EM14
That’s nice I guess
posted by CardRatings.com at 7:16 PM 0 comments
Citibank Credit Card Bonus Points Review
Author: beyond platinum
Posted: Fri Mar 03, 2006 1:56 am
Post subject: 5 bonus points per $1 spent; Thanks Citibank!!
Upon logging in to my citibank account I was offered the following promotion:
As a valued Citi cardmember, you can get 5 ThankYou PointsSM* for every $1 spent on home improvement and home furnishing store purchases** made with your Citi card by 5/31/06.
* Earn up to 75,000 ThankYou Points during any calendar year. This calendar-year limit will include any bonus ThankYou Points you may be eligible to receive unless otherwise stated.
**In order to qualify for this offer, your card account referenced above must be open and not in default under any card agreement at all times. If your account is closed for any reason, including if you convert to another card product, you may no longer qualify for this offer. Home Improvement Stores are defined as stand-alone merchants that primarily sell hardware and/or appliances and/or tools for home repair and remodeling. Home Furnishing Stores are defined as stand-alone merchants that primarily sell miscellaneous home furnishings and accessories. We do not determine whether or not merchants classify purchases as being made at Home Improvement Stores and Home Furnishing Stores but do reserve the right to determine which purchases qualify.
Perfect timing because I was about to shop for new furniture!
_________________
“Believe not everything, but only what is approved: the former is foolish, the latter the act of a sensible man.” –Democritus
Author: Board Monitor
Posted: Fri Mar 03, 2006 9:21 am
Post subject:
Cool! Guess that include Home Depot and Lowes!?!
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Author: rain
Posted: Fri Mar 03, 2006 10:24 am
Post subject: Citibank Credit Card Bonus Points Review
Nice offer. Erm I just want to point out that its not 5 bonus points, its 4 bonus points.
Author: maddybeagle
Posted: Fri Mar 03, 2006 12:17 pm
Post subject:
nice offer but I ready get 5% on home improvement stuff on my discover card.
posted by CardRatings.com at 7:10 PM 0 comments
Online Credit Card Payments Weekly To Lower Daily Balance
Author: Board Monitor
Posted: Mon Mar 06, 2006 7:42 pm
Post subject: Online Credit Card Payments Lower Credit Card Interest
This message posted by e-mail request from one of the visitors to our site:
Having pulled myself out of a credit hole I amassed in the late 90’s, I thoroughly enjoyed reading your site. There is one large omission, however, that I believe bears covering.
Several articles talk about late fees, changing due dates, etc. but none have mentioned that most credit card issuers allow you to pay directly through their web site, often crediting the payment the same business day.
Every payday, my budgeted credit card payment gets sent electronically. By making weekly payments, I ensure that I never miss a due date while lowering my average daily balance.
Keep up the good work on the site…
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Author: mouse
Posted: Mon Mar 06, 2006 8:20 pm
Post subject: Re: Online Credit Card Payments Lower Credit Card Interest
Board Monitor wrote:
This message posted by e-mail request from one of the visitors to our site:
Having pulled myself out of a credit hole I amassed in the late 90’s, I thoroughly enjoyed reading your site. There is one large omission, however, that I believe bears covering.
Several articles talk about late fees, changing due dates, etc. but none have mentioned that most credit card issuers allow you to pay directly through their web site, often crediting the payment the same business day.
Every payday, my budgeted credit card payment gets sent electronically. By making weekly payments, I ensure that I never miss a due date while lowering my average daily balance.
Keep up the good work on the site…
All mine allow ON-LINE payments (most post in 24-48 hours)
I can even PRE-SCHEDULE them days or weeks or months in advance
Only one that won’t let me do that is PENFED VISA CREDIT UNION
Posted: Mon Mar 06, 2006 8:34 pm
Post subject: Online Credit Card Payments Weekly To Lower Daily Balance
This topic has been dicussed ad nausium on this forum.
Some people like to go to the web site of each and every creditor to schedule payments and some (me!) like to do one stop shopping and pay everything at the same time directly from their checking account. The cost is the same either way - nothing! Neither is there any difference in flexibility. Payments can be scheduled days, weeks, or months in advance either way. It’s whatever suits your fancy.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 6:56 PM 0 comments
Providian Visa Credit Limit Increase Question
Author: MindBender
Posted: Mon Feb 06, 2006 12:08 am
Post subject: Providian/WashMu Visa CLI
Since Washington Mutual bought Providian, does anyone know how long they wait to give automatic CLI? I’ve had my account for 4 months, have carried a balance between $1,500 and $2,800, except for this month (paid off). I have paid much more than the min required each month. My current CL is $3,000. Thoughts? Your experience with Providian CLI’s?
Author: mouse
Posted: Mon Feb 06, 2006 1:04 am
Post subject: Re: Providian/WashMu Visa CLI
MindBender wrote:
Since Washington Mutual bought Providian, does anyone know how long they wait to give automatic CLI? I’ve had my account for 4 months, have carried a balance between $1,500 and $2,800, except for this month (paid off). I have paid much more than the min required each month. My current CL is $3,000. Thoughts? Your experience with Providian CLI’s?
MOST credit cards won’t give a CLI for 6 or 9 or 12 months
GE MONEY BANK (like WALMART “STORE” CARD) is 3 or 4 months
Author: beyond platinum
Posted: Mon Feb 06, 2006 2:02 am
Post subject:
Usually about one year with Providian after opening your account. After that, they normally give out increases every six months. Now that Washington Mutual is in control, that could change.
_________________
“Believe not everything, but only what is approved: the former is foolish, the latter the act of a sensible man.” –Democritus
Author: MindBender
Posted: Mon Feb 06, 2006 6:08 am
Post subject:
Thanks for the feedback. Just asking because this card has be lowest CL of any I have by several thousand and I did not know if they have a reputation for being stingy or not.
posted by CardRatings.com at 4:27 PM 0 comments
American Express Blue With Points
Author: Cathy
Posted: Sat Mar 04, 2006 12:54 pm
Post subject: American Express Blue Question
Hi there everyone! I have an American Express Blue Card (the points one, not the cashback one). To make a really long story short I lost my job, am in the middle of a possible move, and got put on unemployment. However, I am trying to get hired on at another (though one that pays less) position. Which brings me to American Express. I am now over the limit with them not because of the charges that I put on there but because they decided to reduce my credit limit (I have so far kept up with all payments on all accounts including theirs). It looks like th money I had been saving to pay off one card will go the American Express to get me back under the new limit even though the supposded minimum for this month is less then that. Is this advisable? Also, I noticed they slapped a $35 over the limit fee on the account even though I was under the limit before all of this. Is this fee worth fighting and if so, any suggestions on how to do so?
Author: QikPass
Posted: Sat Mar 04, 2006 4:59 pm
Post subject:
Of course its worth fighting for..
What do u have to lose except a few minutes of your time?
_________________
Fortune Favors The Bold…
Author: credithelp
Posted: Sat Mar 04, 2006 7:30 pm
Post subject: American Express Blue With Points
Did they say why they reduced your credit limit to under your current balance? Was it due to the unemployment?
Author: Cathy
Posted: Sun Mar 05, 2006 4:04 pm
Post subject:
They don’t know about my unemployment. The reasons listed were things like too much on other cards, excessive inquiries (though I am going to check my report and look into that because there shouldn’t be that many since I haven’t been applying for much in the last year though perpective employers could have checked it) and things of that nature. I’m thinking of just paying their minimum payment when I get the bill but that will still put me a little over the new limit. I just find it unfair they are charging me an over the limit fee when the over limit was caused by their lowering it………I just hope they don’t raise the APR next because I won’t be able to pay any of it if they do that.
posted by CardRatings.com at 4:10 PM 0 comments
Cash Back Earned on the Citi Dividend Credit Card
Author: Signature
Posted: Sat Mar 04, 2006 2:54 pm
Post subject: Citi Dividend Card
What is the most you have earned back in one year on your Dividend card? Between the $300 cap and the unlimited cash back through the Dividend Merchant Network?
posted by CardRatings.com at 4:09 PM 0 comments
Authorized User With Maxed Out Credit Card Limit
Author: bullwinkle29
Posted: Fri Mar 03, 2006 10:44 pm
Post subject: authorized user credit card
hi all
my wife’s parents had a wells fargo visa card issued to her, so that she could put her school supplies on there card. on my wife’s credit report, it says authorized user. i know what that means. my question is. the cards limit is $10,500. her parents have the card darn near maxed out, does that impact my wifes score? i just pulled he her report from equifax, her score is 770. if anyone needs more details, please ask
thanks dave
Author: mouse
Posted: Fri Mar 03, 2006 11:22 pm
Post subject: Re: authorized user credit card
bullwinkle29 wrote:
hi all
my wife’s parents had a wells fargo visa card issued to her, so that she could put her school supplies on there card. on my wife’s credit report, it says authorized user. i know what that means. my question is. the cards limit is $10,500. her parents have the card darn near maxed out, does that impact my wifes score? i just pulled he her report from equifax, her score is 770. if anyone needs more details, please ask
thanks dave
MAXED OUT hurts some
“IF” you have other empty cards it doesn’t hurt as much
That is one reason I never have less than $100,000 unused at all times
posted by CardRatings.com at 4:07 PM 0 comments
Credit Cards and Collection Agencies
Author: NikkiG
Posted: Wed Mar 01, 2006 4:24 pm
Post subject: Credit Cards and collections
Hello
I am brand new to this board and so far thanks for the great info.
I am just beginning to recover from my horrendous college spending. My scores are still terribly low (550s) due to collections, charge offs (credit cards and bank accounts). Are there any credit card companies that would extend a secured or unsecured card to me. I bank with Citibank and applied for a secured card with them but was denied due to the fact that I had collection accounts. I don’t want to initiate another inquiry if I’ll just be denied again. I’ve read about New Millennium bank but I see that various websites have them listed as frauds.
Any help at all would be great.
Author: astounding
Posted: Wed Mar 01, 2006 8:21 pm
Post subject:
Have you tried targeted “Student” card issuers?… because
from what I’ve seen, some of their offers require less
requirements than a secured card.
You can also try the Liberty Union Visa Debit Card (Visa) which works like
a credit card, but it isn’t one. Yes you still have the exact same
options with it as with a standard CC.
-A
_________________
Here’s a GREAT FREE resource with everything you’ll EVER
need to know about credit/debt management, credit cards,
and applying for the BEST one:
=> http://www.Direct-Credit-Card.com/articles.php
Author: beyond platinum
Posted: Thu Mar 02, 2006 3:24 am
Post subject: Re: Credit Cards and collections
NikkiG wrote:
Hello
I am brand new to this board and so far thanks for the great info.
I am just beginning to recover from my horrendous college spending. My scores are still terribly low (550s) due to collections, charge offs (credit cards and bank accounts).
Is this an admission of guilt or are you acknowledging that you made a mistake and damaged your credit record? You must know that your situation is really bad if you’re being turned down for a secured credit card. I hope that you have learned from this and will now begin to take responsibility for your debts. You can try First Premier Bank First Premier
I do not recommend getting a debit card or check card as they don’t report to the credit bureaus. Also, student credit cards are normally reserved for those without a credit history.
_________________
“Believe not everything, but only what is approved: the former is foolish, the latter the act of a sensible man.” –Democritus
posted by CardRatings.com at 4:01 PM 0 comments
Good Rewards Credit Card
Author: BAH
Posted: Thu Mar 02, 2006 12:31 pm
Post subject: First Post - What credit card.
Ok here is the deal. I have excellent credit and I am looking for a new reward card. Currently my wife and I have a Citi AA card. However we never fly, we got the card to earn miles for a Europe trip. We use this card for everything and pay it off entirely each month. We spend a bunch! Last year was over $115K and we have over 300K miles . So needless to say we have enough for Europe.
Now I would like to leverage that spending to get some cash or different rewards. I really don’t want to have more than 1 card to get the rewards, and most cash back cards have an annual limit or a low 1% return. I would like to stay away from and annual fee since it eats away at the cash back.
I was considering the Chase Cash Plus, but cannot find if it has an annual cash back limit.
I already have another Citi Drivers Edge card, but I never use it and have never turned in the points. So if Citi has a card with no annual limit and good cash back I could switch easier than going to Chase.
Really I just don’t want to have to mess with rewards. I would like something easy to manage, and beneficial wherever I shop.
Thanks for any advise!
Author: maddybeagle
Posted: Thu Mar 02, 2006 12:40 pm
Post subject:
let’s see you spend 115k/yr and only want 1 card? and more than 1% back and no cap? I would look at amex blue (no cap and 5% on everyday purchases when spend over 6500 and 2% on everything else. I think some of the other cards (household and BOA have some other high roller cards with higher cash back also.) BOA was discussed recently.
Author: BAH
Posted: Thu Mar 02, 2006 1:29 pm
Post subject:
Thanks for the info I will look into it, I knew there had to be something better. I know it probably sounds stupid that I am whining about 1% when I spend so much, but it is not all my income. I expense a good portion of that through where I work. They have offered to get me a card, but I always find a way to convince them to let me use mine so I can get the benefit.
Plus next year I will be building a new house and have some funds saved up. So on the construction loan I was planning on the first big draws (concrete, framing) to pay that with the card to buy me the grace period of interest on the construction loan, then pay it off with savings. If I can find the vendors I should be able to get 60 days off of the high interest construction loan before I finance it into a mortgage.
Anyway thanks for the help.
Author: BAH
Posted: Thu Mar 02, 2006 1:55 pm
Post subject:
FYI I went ahead with the Amex Blue. 2 main reasons, 1 I have never had an Amex card and 2 I shop at Costco a bunch so now I don’t have to write a check or use my bank card. FYI after $6500 it looks like they have dropped it to 1.5% on everything else instead of 2%.
Thanks for the advice.
posted by CardRatings.com at 3:57 PM 0 comments
Good Student Credit Cards
Author: DavidPalmer
Posted: Mon Feb 13, 2006 9:09 pm
Post subject: Good student Credit Cards
I was wondering if it is wise to apply for another student CC, after I already have one with Bank of America, and the fact that I will be graduating in May. Should I wait until May, when I have a real job, and then apply for a CC that is not marketed towards college students. If getting another student CC is alright, which ones should I look at
Author: maverick
Posted: Tue Feb 14, 2006 8:53 am
Post subject:
David,
In my experience, student cards are only different in two ways: they might have a lower credit limit and they might have a higher APR than the regular card.
If you have a short credit history and you think your score is not very high, you might want to consider getting a credit card now, since getting a student one is generally easier (lower criteria required for approval) than getting one of the regular ones. Once the initial offer period on the new card is over, you could also think about consolidating (if it is from the same bank).
But if you have a somewhat long credit history, and you think your scores are good, waiting to get a ‘real’ job would be advisable, so that you could state a higher income than you have now.
Some good student credit cards might be: Citi Dividend, AmEx Blue, AmEx Green (if you care for paying an annual fee), Bank of America, Chase (the student versions of all the above cards).
Hope this helps.
Author: Board Monitor
Posted: Tue Feb 14, 2006 9:40 am
Post subject: Good Student Credit Cards
David,
Greetings and thanks for the post! How long have you had the BofA card? Do you have any idea what your credit score is? You can comparison shop for student cards here:
http://www.cardratings.com/studentcreditcards.html
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Author; quiznut1
Posted: Tue Feb 14, 2006 10:06 am
Post subject:
I have the Citi Dividend Platinum Select credit card for college students. It has the same rebate structure as the one they target to adults. 5% cash back on gas stations, grocery stores, and drug stores, and 1% cash back on everything else. Limit $300 yearly rebate limit per calendar year. I had no problem getting approved, even though I only had a 6 month credit history. They gave me a 6 month 0% APR on purchases and balance transfers, but if you pay your bills in full and on time, I think this is the best student credit card available right now.
posted by CardRatings.com at 3:51 PM 0 comments
Does American Express Pull Hard Inquiries of Soft Ones?
Author: rapjunkie
Posted: Thu Feb 09, 2006 1:53 pm
Post subject: AMEX question…
Does AMEX pull a hard inquiry when current cardholders apply for a second AMEX card (on a new account, not one for an additional cardholder) using the “short” application?
Author: creditnewbie
Posted: Thu Feb 09, 2006 2:41 pm
Post subject:
They do pull a hard inquery. I applied for the platinum card 2 days ago and they pulled my report. I’m not sure if they pulled all three or just one. They pulled a few months ago, when I applied for the blue card, Transunion. Now they pulled Equifax. Haven’t checked my other reports.
Author: rapjunkie
Posted: Thu Feb 09, 2006 3:36 pm
Post subject: Does American Express Pull Hard Inquiries of Soft Ones?
Did you get approved for the platinum card? I’m really just trying to figure out whether they’re more likely to give additional cards with good credit lines to existing cardholders - it would make good sense if they did, based on the relationship.
Author: creditnewbie
Posted: Thu Feb 09, 2006 3:47 pm
Post subject: Does American Express Pull Hard Inquiries of Soft Ones?
Yes, I got approved. My blue amex has $25,000 limit and the lowest limit I have on one card is $20,000. I think they can figure out how much you make by looking at the report–I guess. To qualify for the platinum, your income has to be more than $150,000 (household income.) My equifax score was 723. I should get the card sometime next week. I read somewhere that only 1% of amex customers qualify for the platinum and 1% of platinum customers qualify for the black card.
If it has been less than 30 days since you applied for the other amex card, I think they might not pull another report. The only way to know for sure is to call and ask.
posted by CardRatings.com at 2:23 PM 0 comments
Credit Cards With Better Balance Transfers
Author: squeezenickle
Posted: Sun Feb 05, 2006 10:44 am
Post subject: which card which
my observation that some cards offer better bal transfers and some cards better deals on getting cash so the theory is to do the cash out for a while either paying upfront fee or 3 to 6%interest then switching to a bt card does anyone study which are better for which my current cards one or more of each is providian capone mbna att universal chase discover gm card rbs bank of america citi amexi guess what im asking is which are best for cash out which are best for bt most cards in 15 to 25 thousand range thanks
Author: XeroK00L
Posted: Mon Feb 06, 2006 4:09 pm
Post subject:
There are some cute symbols on your keyboard that I like to call “punctuation marks”. Try them some time. You might even get an answer to your question!
Author: squeezenickle
Posted: Mon Feb 06, 2006 5:54 pm
Post subject: Credit Cards With Better Balance Transfers
what can i say found a grade i liked and stuck with it the 8th so if jerks like you are on here ive been doing very well on my on since 69 but i might add there are some very knowlegable people on here so ill just run my 450000 deal and not worry abou …../////????
Author: Xero
Posted: Mon Feb 06, 2006 6:47 pm
Post subject: Credit Cards With Better Balance Transfers
Interesting. Somehow I remember being taught about those cute symbols before reaching my 8th grade. Must’ve been just my school being too demanding I guess.
posted by CardRatings.com at 12:59 PM 0 comments
Good First Time Credit Cards
Author: Alexis Rios
Posted: Fri Feb 03, 2006 12:56 pm
Post subject: What is (or was) your first credit card did you have(had)?
My first credit card was a MBNA - Alumni CAAM Student credit card
Author: girlie
Posted: Fri Feb 03, 2006 3:26 pm
Post subject:
My first retail card was Express and my first actual Credit Card was First Premier - which I closed years ago when I had enough credit to qualify for a card that didnt charge a yearly fee.
Author: Board Monitor
Posted: Fri Feb 03, 2006 4:14 pm
Post subject: Re: What is (or was) your first credit card did you have(had
Alexis Rios wrote:
My first credit card was a MBNA - Alumni CAAM Student credit card
Interesting thread. What is CAAM?
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Author: Alexis Rios
Posted: Fri Feb 03, 2006 5:24 pm
Post subject: Good First Time Credit Cards
CAAM is an acronym for “Colegio de Agricultura y Artes Mecanicas” (Agriculture & Mechanical Arts College) which was the former name of my campus . The official name is University of Puerto Rico - Mayaguez Campus
Author: Tek
Posted: Fri Feb 03, 2006 11:13 pm
Post subject:
1stFinancialBank, had a 17% interest rate. It didn’t last long.
Author: DavidPalmer
Posted: Sat Feb 04, 2006 3:41 am
Post subject:
the first and only CC I have is one I got back in Sept. that is from Bank of America, which is the student visa platinum card
Author: scarymary
Posted: Sat Feb 04, 2006 8:39 am Post subject:
My first CC was a Strawbridges card back in the early 80’s. I used to shop at Clover with it… GOD I loved that store; they had the best clothes department. They are all closed now…
… and I think Macy’s just bought Strawbridges… or so I heard.
posted by CardRatings.com at 12:42 PM 0 comments
Do High Credit Limits Affect Credit Score?
Author: ajulius
Posted: Sun Feb 05, 2006 6:30 pm
Post subject: Credit card utilization rates
Hello. I currently have 6 Credit cards. 1 is maxed with 5k, other is at like 16500 with a 20k limit, others are paid in full and/or not used. Limits range from 3600 to 31400. Only 1 of the 4 is giving a worthwhile balance transfer deal for 0% at 12 months but the limit is only 3600 which again will hurt my credit score. I have a long credit history and have never been late for a single payment.
I used to get as low as 4.99% with a $65 fee for balance transfers which I took advantage of. Now all my rates for future transfers has gone up to 7.99%. I gather my credit score has something to do with this including card utilization.
I cant really move around the funds because Ill get jacked for 7.99% and balance transfer fees because of the weak offers.
Any suggestions? Thanks!
Author: Polonius
Posted: Sun Feb 05, 2006 8:23 pm
Post subject:
Pay down those cards (at least to less than 50% on each), wait for your credit scores to reflect those changes, and then apply for new credit. You should get some nice 0% offers that way.
posted by CardRatings.com at 12:36 PM 0 comments
Capital One Credit Card Offers
Author: chrys
Posted: Sun Feb 05, 2006 7:43 pm
Post subject: Any Good Capital One Offers?
I don’t recall if Capital One recently had “0% for x months” promotional deal like Chase, BA, AMEX and others have had recently.
I had a C1 promotional rate at one time (which I forget what it was) and now it is 5.9% which I think is too high. Has anyone been successful in getting it lowered? I’ve paid it off and have stopped using the CC.
Author: mouse
Posted: Sun Feb 05, 2006 7:57 pm
Post subject: Re: Any Good Capital One Offers?
chrys wrote:
I don’t recall if Capital One recently had “0% for x months” promotional deal like Chase, BA, AMEX and others have had recently.
I had a C1 promotional rate at one time (which I forget what it was) and now it is 5.9% which I think is too high. Has anyone been successful in getting it lowered? I’ve paid it off and have stopped using the CC.
I can’t get lower than 5.90% (NO FEE)
Author: Polonius
Posted: Sun Feb 05, 2006 8:21 pm
Post subject:
5.9% too high? Prime Rate is 7.50%, one bank PAYS 4.8% now on savings deposits. Average credit card interest is over 13%.
5.9% is too high–if you can get a better rate. If you can’t, it’s a pretty good rate! Anything below prime (the rate banks charge their best customers) has to be a good rate!
posted by CardRatings.com at 12:33 PM 0 comments
Combining Credit Cards From the Same Company
Author: CrazedEpidemic
Posted: Sun Feb 05, 2006 3:53 pm
Post subject: Combine cards?
My mom has three credit cards from the same company.
CL- 750, 750, 1000
She just recently opened those accounts last month with 0% for 6 months which added 3 inquiries to her report. Should she combine them or keep the separate? She has 10 credit cards already with different companies so she really doesn’t need them. Whats the most one person should have? She gets a lot of offers in the mail with great BT options, should she accept them even though she has a lot of cards? She really needs the BT options because she has bad records with her highest balanced cards, her interest rates are 29.99 with 7,000 balance.
Author: mouse
Posted: Sun Feb 05, 2006 4:08 pm
Post subject: Re: Combine cards?
CrazedEpidemic wrote:
My mom has three credit cards from the same company.
CL- 750, 750, 1000
She just recently opened those accounts last month with 0% for 6 months which added 3 inquiries to her report. Should she combine them or keep the separate? She has 10 credit cards already with different companies so she really doesn’t need them. Whats the most one person should have? She gets a lot of offers in the mail with great BT options, should she accept them even though she has a lot of cards? She really needs the BT options because she has bad records with her highest balanced cards, her interest rates are 29.99 with 7,000 balance.
Call and ask for all 3 into 1 if she wants
(especially if they have fees)
The credit lines are too small for it to be any good for most people
My lowest credit limit is $3,800 and it is a store card
How many cards is up to the one having them
I had 50+ at one point
I now have around 20 or so with much higher credit limits
(some over $50,000)
Pay off any rates with APR’s higher than the 0.00% rate she can get from the new cards (hopefully it doesn’t have a big BT fee)
For some people 1 is too many
FICO says 4 or 5 minimum as far as I know
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