Reducing My Credit Limit

Doug- Guest
Posted: Mon Jun 09, 2003 4:12 am

Board Monitor, I have an authorized credit limit of over $22,000 on an MBNA card and I fear that it may keep going up. The balance I owe is zero. I don't feel that I need such a high authorized limit, but I am concerned that if I request a reduction that either MBNA and/or the Credit agencies, i.e. Equifax, Transunion, (I forgot the other one), will see that as a negative. Do you have an opinion? Thanks. Doug (Yes, the same Doug of a few months ago) BTW, I am curious. How much of a cash back, in American Cash Greenbacks called dollars (remember those?), did you get by buying that minvan on your credit card?

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How to Start Building Credit

Guest
Posted: Tue Jun 10, 2003 1:30 pm

this has all been a nightmare. I need some credit and no one is willing to put me under their wing!!! Does anyone have any advice on how to start building some credit? I wont mess it up, Iam very responsible, it just needs to be established and i dont know what to do. I keep getting offers for "secured cards" but I dont know about sending them 200.00 first. I dont know the best way to secure good credit, any advice?????? how did you A+ credit holders start out?

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MasterCard and AmEx Credit Card Acceptance

Alex- Guest
Posted: Tue Jun 10, 2003 10:51 am

Aside from the rebate issue, is two major credit cards, AMEX and Mastercard (as a backup where AMEX is not accepted), enough to cover myself for acceptance everywhere? I know there are places like Sam's Club that only take Discover, but since I don't belong there, it is not an issue. Can I get by on the above two cards, with high credit limits, from the issue of being able to charge almost everywhere??

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My Chase credit card was cancelled!

Author- marzboy
Joined: 27 May 2003
Posts: 2
Posted: Tue May 27, 2003 9:44 pm

Hi I am new to this forum. I have/had a Chase credit card. Today I recieved a letter today that says they have cancelled my card due to inactivity and information found on my credit report. Among the information they state recent delinquency and too many revolving accounts w/ insufficent available credit. The info was based on a report from Experian. I have a credit score of 693. I have purchased Credit Expert form experian which I watch everyday. According to them I have no recent delinquencies. Also as of today I have just finished paying down $10,000 of credit card debt. What is wrong with this picture? Will this adversely affect my credit? Any advice would be apreciated :oops

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Credit Card Cashback Award Used to Buy Auto!

Board Monitor
BOARD MONITOR-ADMINISTRATOR
Joined: 05 May 2003
Posts: 179
Posted: Fri Jun 06, 2003 7:44 am

My wife and I just paid for our first minivan in full on our cash back credit card. The guy in the finance dept. at the dealership didn't seem to like this. I told him that I could beat their best rate on used vehicles (5.5%) by using credit card balance transfer offers (and of course I put a plug in for our web site). I plan on transferring most of the balance in a few days to a 0% offer that is good until May '04. We are also looking forward to using our cashback award.

I love making credit cards work for me. If you have similar stories...I would love to hear them!
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Board Monitor
U.S. Citizens for Fair Credit Card Terms, Inc.
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How Many Credit Cards Should I Have?

Tom- Guest
Posted: Fri May 30, 2003 11:05 am Post subject:


Is three credit cards (AMEX, Mastercard, Visa) too many to carry around?

I mainly use AMEX and Mastercard, but occasionally will use Visa (3-4 times a year).

I could leave the Visa at home, but I am worried that if I need it, I won't have it on me. All three are rewards cards with high ($10,000+) limits.

Amex Blue Card

ero2
Joined: 30 May 2003
Posts: 4
Posted: Fri May 30, 2003 4:34 pm

Okay right now I have an amex blue, a chase platinum, a best buy and a capital one student(my oldest card). I just got a Amex rewards green because it earns points faster than blue and because I will be using it as a debit card I will earn double points for almost everything. Would my credit score be affected if I cancelled the blue? Do charge cards count on your credit report? Has anyone that linked two amex cards into one rewards account had any problems doing this(if I decide to keep the blue?) what I am asking is if I cancel my blue is having only three revolving accounts, and only one that I will really use, as a backup to my amex(chase because the rate on the Cap One is ridiculous 19.99) going to hurt my score?

High Credit Card Limit?

Michael- Guest
Posted: Wed May 14, 2003 6:53 pm

Is $8000 on a platinum Visa considered a low, middle, or high limit?

0% Balance Transfer Credit Card Offer Problem!

jonesee3
Joined: 20 May 2003
Posts: 2
Location: Hawaii
Posted: Tue May 20, 2003 1:10 pm

Ok, so I am new here, so HI to all! Please forgive me for all the questions I am about to ask!

I just applied for (and was approved) a new Visa Platinum last night and then when my hubby arrived home, he pointed out the fact that what I had thought was 0% on balance transfers---was actually 8.9%! I already put in all the balance transfer info, well I called the bank this morning and they said it would take 48 hours for my info to be in their computer, but I want to completely STOP the process! Is there a way to do that??? Have I totally screwed my credit if I get this then close it immediately? Could I possibly just apply for another 0% card and transfer what I just done? Or since I just applied last night, is there ANY way that another CC company will even think about giving me another one today? By the way, my credit history is excellent.

SO SORRY FOR ALL THE QUESTIONS! Please help an idiot in need

Chase Freedom Card

Louis- Guest
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?

Search for Credit Card with High Credit Line

Guest
Posted: Thu May 22, 2003 11:24 am

Hi, I'm new here but I've been a member over at creditnet and creditboards for about a year now. A friend of mine wants to balance transfer about $20,000 worth of credit card debt. Her FICO score is 716 (Experian), 709 (Trans Union) and 696 (Equifax). She lives in NYC. Her highest credit line is about 7k.

AMEX Cashback Credit Cards

Michael- Guest
Posted: Wed May 21, 2003 1:59 pm

Does anyone know why the rebate tiers on the Costco cash rebate card are lower than those on the green and blue cashback cards?

No one at either AMEX or Costco seems to be able to answer the question.

Why would anyone use the Costco version if the rebates are higher on the other two cards, unless they just want their picture on the back of the card??? In other words, why keep the Costco card instead of switching to one of the other two free cashback cards?

Mastercard and Visa Debit Cards

Michael- Guest
Posted: Fri May 09, 2003 7:29 pm

Does anyone know how the lawsuit settled against Mastercard and Visa regarding debit card practices will affect the use of debit cards in stores? In other words, if the retailer makes you type in your 'pin' and select 'debit' rather than 'credit', how is this different (or better) than using an ATM card without the Visa or Mastercard logo? Or am I missing something here? I only have an ATM card, because I feel uncomfortable with a debit card. If anyone is unfamiliar with this recent decision, please refer to cardtrak.com ""Debit Card Changes"

Any secrets to getting Big Credit Card Limits?

halegria4- Guest
Posted: Wed May 14, 2003 3:47 pm

Hi guys I have 2 cards one with a 25k limit and one with 18k limit My scores are 723 733 700 and I have my house and 4 rental properties only one inquirey and no lates ever I would like to get cards with bigger limits if possible any advice. thx Current balances are 16k on first and 5k on second. thx

credit cards and bankruptcy

uzwife- Guest
Posted: Wed May 14, 2003 8:13 pm

My bankruptcy was discharged 5 years ago this month. We own a home, we have one credit card with a limit of 7500 with Capital One. I just applied for another credit card and they denied me due to my bankruptcy. My credit scores are 630 645 650. Will I only be able to get credit with ""repair"" type companies?

Are Credit Bureaus Now Releasing Personal Info. to Anyone?!

Judy Lott- Guest
Posted: Tue May 13, 2003 2:59 pm

Our office received via fax what appears to be a inner office memo with a letter head of State Farm Insurance Itstates that as of July 1st 2003. the 4 major credit bureaus in the US will be allowed to release credit information , mailing addresses, phone numbers, etc. to anyone who requests it. It gives the nuber 1-888-567-8688 to call. It goes on to direct what options to press. My co-workers have already started this process. What information do you have?