Credit Card Account with Two Cycle Billing
Guest: aman74
Post subject: Credit Card Account with Two Cycle Billing
Posted: Mon Apr 17, 2006 12:48 pm
Hi all, nice board you have here. I need a little help with a couple questions. If someone has the time or inclanation to answer it will be much appreciated.
My FICO is around 760, but now I am unemployed. My current main card is a Chase Platinum that I have had in good standing for years. It is a variable rate that I believe is around 13 percent right now. They keep automatically raising my limit. It's around 23,000 right now. I see from reading here that these raises are good, but awhile back I had asked them to stop as I didn't want my potential debt to be too high. I have some older cards as well, but heard it's best not to cancel the unused ones.
-So with no job, was stopping the increases a good move?
-My balance is getting close to the 50 percent mark, I hear that is a negative so am wondering if it's best to let the card limit increase.
-I don't pay late, but is it better to pay early? I thought it didn't matter, but I saw reference that it can help
-I'm disturbed to hear that Chase uses 2-cycle billing. Does this affect me since I carry a large balance? I do sometimes have new purchases as well.
-Any tips on gettting a better rate from Chase?
-I'd like to get a new card, but with no job will it be tough? That's why I thought it might be easier to negotiate a lower rate with Chase, but then I'm still stuck with 2-cycle billing.
Thanks all!
Peace
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 1:10 pm
what's 2 cycle billing? you also have a high credit score. how long have you been unemployed? what you could do is apply for a new card, use your old employers address, use your home phone number for contact. use your cell # for a work number.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 1:30 pm
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Credit Card Account with Two Cycle Billing
Posted: Mon Apr 17, 2006 12:48 pm
Hi all, nice board you have here. I need a little help with a couple questions. If someone has the time or inclanation to answer it will be much appreciated.
My FICO is around 760, but now I am unemployed. My current main card is a Chase Platinum that I have had in good standing for years. It is a variable rate that I believe is around 13 percent right now. They keep automatically raising my limit. It's around 23,000 right now. I see from reading here that these raises are good, but awhile back I had asked them to stop as I didn't want my potential debt to be too high. I have some older cards as well, but heard it's best not to cancel the unused ones.
-So with no job, was stopping the increases a good move?
-My balance is getting close to the 50 percent mark, I hear that is a negative so am wondering if it's best to let the card limit increase.
-I don't pay late, but is it better to pay early? I thought it didn't matter, but I saw reference that it can help
-I'm disturbed to hear that Chase uses 2-cycle billing. Does this affect me since I carry a large balance? I do sometimes have new purchases as well.
-Any tips on gettting a better rate from Chase?
-I'd like to get a new card, but with no job will it be tough? That's why I thought it might be easier to negotiate a lower rate with Chase, but then I'm still stuck with 2-cycle billing.
Thanks all!
Peace
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 1:10 pm
what's 2 cycle billing? you also have a high credit score. how long have you been unemployed? what you could do is apply for a new card, use your old employers address, use your home phone number for contact. use your cell # for a work number.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: maddybeagle
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 1:30 pm
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: bullwinkle29
Credit Expert (100+ Posts)
Posted: Mon Apr 17, 2006 2:33 pm
maddybeagle wrote:
you can look up 2-cycle billing. There has been a lot of threads on it. You shouldnt carry a purchase balance. Always pay in full so you dont have to worry about it.
ok, i always do PIF, so no need to worry
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 5:17 AM
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