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PayPass Credit Card Review
Author: Ira
Posted: Sun Aug 28, 2005 10:18 pm
Post subject: Touchless credit cards PayPass hopes to score with touchless credit cards By: Dan Richman Source: SEATTLE POST-INTELLIGENCER REPORTER A few Seahawks fans, reluctant to miss precious seconds of Monday night's game while grabbing a dog and a brew, for the first time were able to pay for their snacks just by waving a newfangled credit card in front of a sensor. If it seems like yet another newfangled way to risk high-tech theft, the experts say don't worry. Fans were taking no financial risk by beaming their account information through a few inches of air, rather than swiping a card conventionally or handing it to a clerk. At most, they said, thieves determined and sophisticated enough to intercept the wireless transmissions might be able to discover a cardholder's name. Monday's preseason game against Dallas marked the Seattle debut of MasterCard International Inc.'s "PayPass"- branded contactless technology. More than 400 terminals at Qwest Field are enabled with the new PayPass technology, at concession stands and retail sales areas. Contactless cards, which use technology known as radio frequency identification, or RFID, currently account for less than 1 percent of the debit and credit cards in use, said Randy Vanderhoof, executive director of industry group The Smart Card Alliance. But they are expected to quickly become more widespread, he said. Plans call for PayPass terminals to be installed at some Seattle-area McDonald's restaurants, 7-Eleven stores, Regal Cinemas and Ritz Camera stores by early 2006, MasterCard said. Rivals Visa and American Express are rolling out similar technology. Readers installed by each card issuer will be able to process the other issuers' contactless cards, said MasterCard International Vice President William Murray. Contactless cards can generally be used only for purchases of $25 or less, for which no signature is usually required. MasterCard says the cards take up to 18 seconds less than paying cash. To use the new technology, holders of conventional debit or credit cards must request contactless versions from their card issuers. The special cards are usually free, and they're identical in shape and size to conventional cards, said Vanderhoof. Right now, contactless cards are available to Seattle-area residents only through MBNA Corp. of Wilmington, Del., and KeyCorp of Cleveland, said MasterCard's Murray. All three major card issuers -- MasterCard, Visa and American Express -- guarantee zero liability for fraudulent use to holders of contactless cards. Stolen cards must be reported promptly to avoid liability. But experts said the contactless cards present no security risk to cardholders for two reasons. One is technological. The cards transmit no signal except when stimulated by a reader, so thieves can't troll for transmissions as cardholders pass by, Vanderhoof said. When the cards do transmit, the signal travels only 4 inches. And it contains only an encrypted variant of the cardholder's account number. That variant, used only once, is created instantly in response to a number generated by the reader. The encryption uses a 112-bit key, which is "pretty much uncrackable," said Patrick Ennis, a board member at Seattle semiconductor-maker Impinj Inc., which makes chips used in contactless cards. The new technology is also secure because it puts all risk of loss on the card issuers, not the consumers or merchants, said security expert Bruce Schneier. As to the chance the new cards will reveal the holder's name to electronically savvy thieves, "consumers have to ask the issuers what they're doing to protect that information," he said.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Promotional Rate Tips
Author: dmband
Posted: Thu Aug 25, 2005 9:21 pm
Post subject: Question about my interest rate after promo ends I just was approved for my chase platinum with 15 months no interest on transfers and purchases and a fixed rate of 7.99% after the promo ends. My question is can I really expect to have a 7.99% fixed rate or anything close to that rate (I know that it's really not fixed and they can change it at anytime) after my promo ends in Dec. of 06?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Polonius
Posted: Fri Aug 26, 2005 1:51 am
Post subject: Credit Card Promotional Rate Tips I think you answered your own question there! NO guarantees about the rate--but no reason to think Chase won't do as it says either. I'm paying 0% to 3.99% on my 4 Chase cards right now...
Author: Board Monitor
Posted: Fri Aug 26, 2005 7:28 am
Post subject: dmband, Greetings and welcome to the board! Congrats and let us know how thing work out with Chase. You may find our low rate credit card article that was just published to be of interest: http:// www.cardratings.com/lowratecreditcardtips.html Out of curiosity, how did you find out about our website? _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: dmband
Posted: Fri Aug 26, 2005 11:06 am
Post subject: Credit Card Promotional Rate Tips I was on yahoo and just doing a little research about credit card reviews and your link came up and it seemed like a great forum so I joined.
Chase Rewards Credit Card Review
Author: mark1927
Posted: Wed Aug 24, 2005 4:09 pm
Post subject: Chase Cash Plus Rewards Visa Recently BT'd to the Cit Dividend card which I will be able to pay off in the next 6 months. So I got the Chase Cash Plus rewards card and was wondering what people thought about it and how it has worked out for them.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Board Monitor
Posted: Thu Aug 25, 2005 9:01 am
Post subject: Greetings and welcome to the board! There was a thread about this card a month or so back (do a search). Is there a $300 cap on your annual rebates? Out of curiosity, how did you find out about our website? _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: stevej
Posted: Thu Aug 25, 2005 3:08 pm
Post subject: Re: Chase Cash Plus Rewards Visa mark1927 wrote: Recently BT'd to the Cit Dividend card which I will be able to pay off in the next 6 months. So I got the Chase Cash Plus rewards card and was wondering what people thought about it and how it has worked out for them. Yes, there's a thread elsewhere in the forum about this. In the meantime, my $0.02 worth: Works for me! I use it in conjuction with the Citi Dividend rewards card. Both have the same reward structure and a $300 cap on cash back per calendar year. Both have Direct Connect to download transactions into Quicken.
Author: Board Monitor
Posted: Fri Aug 26, 2005 7:35 am
Post subject: Chase Rewards Credit Card Review One advantage of the Chase Card is that you can get gift certs. instead of cash. Not a big advantage, though, IMHO. I think they basically copied Citi's reward structure. _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Offers From Chase
Author: Xstation
Posted: Thu Aug 25, 2005 8:40 pm
Post subject: Should I apply to this offer from Chase? I received an offer from Chase for a "Chase Visa Platinum" card with 0% introductory APR on purchases and BFs until 12/1/2006 with 7.99% APR thereafter. Expiration date 6/6/2005 I have a couple of questions, my first question is what are my chances of getting approved, keeping in mined that I received my first credit card 8 months ago. (I have paid on time, my limit on the card is $400 with a currect balance of $125.) Plus my mom added me to her new card from bank of america which she got with a limit of 5K, 2 weeks ago. My 2nd question is, I've read the cardholders reviews on this website about chase and most of them say Chase bumps up the APR to 20%-29% a couple of months after you opened an account with them, even if you pay on time and have excellent credit. Is this true?
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: maddybeagle
Posted: Thu Aug 25, 2005 9:01 pm
Post subject: Credit Card Offers From Chase I havent had a case of a cc up'ing the rate and only had a chase bt for a couple of months. They certainly have the option of raising the rate whenever they want including if you are late on another card, but I think they usually want to keep customers (havent had happen with any of my other cards). On the applying for another card, my experience is they want to see a year or 2 of good credit card history. That was my experience in my early 20s building history.
Author: dmband
Posted: Thu Aug 25, 2005 9:04 pm
Post subject: Credit Card Offers From Chase I got that offer in the mail too and I applied and was approved. My rating through equifax is 720's.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Author: Xstation
Posted: Thu Aug 25, 2005 9:25 pm
Post subject: Credit Card Offers From Chase here are some review that I'm talking about http://premiumcreditcard.cardratings.com/partners/links/cardholders/details.asp?idmin=141&tempid=124 I'm a little worried with those all those bad reviews, does anyone still think this is a good card? thanks
Author: JaneiR36
Posted: Fri Aug 26, 2005 6:50 am
Post subject: With Chase, you won't know if it's a 'good' card until you apply for and receive it. I was really angry with them for a long time, but now I think I've gotten over it. Basically this is just an 'offer' to get you to apply. What you will in fact receive, may or may not resemble the offer. Too often, Chase will send that offer in the mail, and after you apply (read the terms carefully), your promo period might in fact be for 3 months instead of 15 months as advertised. If your credit is good, especially since your Mom effectively lent you her history by adding you to her card (just pray she doesn't have any skeletons in her credit closet....), your chances of getting the longest promotional rate should be higher. Are you needing to transfer any balances? From what you've said, it seems you're a short term credit user and don't really have any debt yet. In which case, the APR might not even matter if you plan to pay in full each month. Summary: with Chase, it's a gamble. You can't know what the terms of your card will be until you actually have the card and their letter describing those terms in your hand.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Offers with Poor Credit
Guest: nunya Post subject: Credit Card Offers with Poor CreditPosted: Sat Apr 08, 2006 10:01 pm HaHa, you must feel like you're talking to your parents in this thread with all the advice! Anyway, it's all good advice but you know what you need and you're asking about these cards so I'll limit myself to talking about cards. You should get approved for those cards you mentioned above. I got approved for three of the ones you're asking about and my credit was a bit lower at the time I applied. You might want to consider a credit card with a lower interest rate instead of the big box store cards but that's just me. I have the Macy's, JCPenney and Target cards as well as two MCs that aren't bad at all. Good luck with your move.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shortstop7 Posted: Sun Apr 09, 2006 5:23 am ha ha, yes nunya, i do feel like i am talkinbg to my parents although, they'd never call me irresponsible cause they know how hard i work and how good with money and spending i am. thx fitz, i will check out those cards. =)
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shortstop7 Posted: Sun Apr 09, 2006 5:31 am creditbuilder wrote: It seems you are following the same pattern that got you in this predicament in the first place. When you find yourself in a hole, STOP DIGGING! You don't need furniture until you can pay cash for it. I assume you're going to be renting. If that's the case you are going to want a mortgage before much longer, all those new cards are going to kill your score. Even when you get the cash you don't need to fill your house with nice furniture. Buy some cheap used stuff, just enough to get by. A table, a bed, a dresser. My sister did without a couch for three years when she was getting started. You have other things you need to take care of first. You need an emergency fund, pay off your car, save for a down payment on a house, put away for retirement. Luxuries can wait until you've taken care of all those other things, otherwise you'll end up getting in trouble again and you'll lose all those luxuries. i've lived without any luxuries or furniture for the past 2 yrs (actually 7 ys if you count college). while the first thing my friends did when they got their jobs was to go buy a luxury car and a fancy apartment, i waited, walked and took the train everywhere, lived in a box practically, saved up money like crazy, paid half my way through graduate school and professional licenses. I think after busting my butt through engineering undergrad and engineering grad school, i can now say i'd like to reward myself for hard work a little. I am not getting fancy expensive furniture. I already know what i want to buy and have exactly all the money. However, i dont want to pay it all at once, because then my other funds will be tight, cause i just paid all those major things (car dp, 1 yr insurance, security on apartment). Thanks for trying to look out though.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shortstop7 Posted: Sun Apr 09, 2006 5:42 am Oh yeah, by the way, i do plan to buy a house next year, but i spoke with the bureaus and most of my negative information (except the judgment which stays for 10 yrs) will be falling off between May 2007 - August 2007, cause all were from credit cards acquired in 2000 (and yes, i fell behind immediately. I was a dumb 17 yr old and thought it was free money...well, not literally, but i had no clear plan of paying it off, and i didnt care. ha ha, if only i had known). by the time everything falls off, and i am paying all my current bills and car on time, i shall have perfect credit . Yahhhh! By the way, i only keep a $50 balance on my current CCs, so i only utilize 94.9% of my revolving credit. Told you i am responsible
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Guest: Alexis Rios Credit Expert (100+ Posts) Posted: Sun Apr 09, 2006 7:52 am Try HSBC or a secured Bank of America card.
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Searching for Credit Card to Help Rebuild my Credit
Guest: creditbuilder Post subject: Searching for Credit Card to Help Rebuild my Credit Posted: Sat Apr 08, 2006 5:11 pm It seems you are following the same pattern that got you in this predicament in the first place. When you find yourself in a hole, STOP DIGGING! You don't need furniture until you can pay cash for it. I assume you're going to be renting. If that's the case you are going to want a mortgage before much longer, all those new cards are going to kill your score. Even when you get the cash you don't need to fill your house with nice furniture. Buy some cheap used stuff, just enough to get by. A table, a bed, a dresser. My sister did without a couch for three years when she was getting started. You have other things you need to take care of first. You need an emergency fund, pay off your car, save for a down payment on a house, put away for retirement. Luxuries can wait until you've taken care of all those other things, otherwise you'll end up getting in trouble again and you'll lose all those luxuries.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shortstop7 Posted: Sat Apr 08, 2006 5:11 pm Tom, you have a point, however, i ran up my credit when i was in college at 17. My last late/derog was before i turned 18. I have a well paying job now, and can afford to pay for my things. I just cant get it all at once, because i just bought a car and put down a substantial DP, insurance plus 2 months security deposit on an apartment. If i didnt think i could afford the payments, i wouldnt be chasing them. I am very fiscally responsible. Thanks fitz, i'll check out the Merrick card.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TomfromCT Credit Expert (100+ Posts) Posted: Sat Apr 08, 2006 5:22 pm OK shorty you know your situation best.... But those cards are going to charge you crazy interest. It still seems like buying all those things at once will be like running up your cards again. You may be able to pay them off...but not without paying some nasty rates and...well...that isnt all that fiscally responsible. But if your making seriously bookoo dollars.... i guess your fine. I;m not looking to argue with you. I just want ya to be a credit star after all that trouble like me and together we can RULE THE WORLD !! _________________ Average FICO score: 709 Average FAKO score: 703 56 Months of perfection WOOOHOOOOOO !!!!!!!!!!!!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shortstop7 Posted: Sat Apr 08, 2006 5:31 pm thanks Tom! now, can u point me in the direction of a card that can give me a good limit, so i dont have 5 more inquiries like fitz said. thanks =)
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: fitz75 Posted: Sat Apr 08, 2006 6:00 pm I picked up my Amex cards with credit scores of 640ish. I am in Sc and they pulled equifax crs. Hooter's Card (merrick bank) pulled TU I believe. You may check out Cap One they gave me a plat MC with a 3500 limit 13.9% rate, one of my better rates. Though they pull all 3 Washington Mutual gave me a Visa at 9.9% but the limit is only 1k. I got all of those about the same time with my scores around 640ish
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Best Credit Card for Rebuilding Credit
Guest: shortstop7 Post subject: Best Credit Card for Rebuilding CreditPosted: Sat Apr 08, 2006 8:31 am I am in the process of rebuilding my credit. I am doing pretty well so far. My scores on all 3 CBs have climbed about 100 pts in the past yr. I am moving end of this month and desperately need to get somne cards for furniture, electronics etc. I have a very good income and plan to pay them off within the next 3-6 months, but just cant afford them all together. Here's my credit picture: Equifax - 656 1 public record (shows as satisfied judgement back in 2002) 0 collections 4 once deliquent but satisfied accounts (all from college in 2000) 4 installment accounts in good standing (my student loans) 5 inquiries 2 revolving accounts (my CCs - Cross country and Cortrust bank - had both for 1 yr never late) Total debt: $30,243 Transunion - 653 1 public record (shows as paid civil judgement back in 2002) 1 collection account (shows $0 balance, but not a paid status, should i dispute this? I paid it...it led to the judgement, but i paid it, but doesnt show paid, just $0 balance. will disputing it re-age it and lower my score?) 4 once bad/debt but paid after charge off (all from college in 2000) 4 installment accounts in good standing (my student loans) 11 inquiries ( yikes!!!) 2 revolving accounts (my CCs - Cross country and Cortrust bank - had both for 1 yr never late) Total debt: $40,283 (this is the only bureau reporting one of my student loans from grad school, thats why balance is higher). Experian - 635 0 public records 1 collections (shows as paid/was a collection account back in 2002) 5 once deliquent but satisfied accounts (all from college in 2000. extra one cause they show one of my student loans being 30+ days late during a break i took from school and forgot/didnt realize i had to put a deferement on my loans ) 3 installment accounts in good standing (my student loans) 7 inquiries 2 revolving accounts (my CCs - Cross country and Cortrust bank - had both for 1 yr never late) Total debt: $31,189 Some notes: The collection and civil judgement was from the same credit card (a citibank) i took out and couldnt pay in 2000 when i was a 17 and a sophomore. Is it fair that the same account appears in 3 negatives i.e my TU with the card, judgement and a collection? Also, i just got approved for a Target Card (not sure if its visa or guest) with $500 limit. When it arrives, i will have 3 revolving accounts. In any case, here's my current dilemna. I need to know my chances of getting approved for - A best buy card - A circuit city card - A JC Penneys card (for furniture) - A Macys card I live in NJ. Can anyone help me with the info about credit scores and bureaus pulled by state? I know Macys pulls both experian and equifax in NJ. What about the others? This is urgent because i am picking up my car on the 15th (got a $30,000 loan through Chase Manhattan ), and at the time, my credit scores may go crazy. I dont know if they will decrease or increase. I've been reading around and some people have reported different results. Some lost as many as 60 pts for a new car loan , some had no change, some gained points. I need to apply for these cards before the 15th, while i still have these scores as is. Thank you thank you thank you for all your kind advice!
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 Posted: Sat Apr 08, 2006 8:50 am i would call the credit companies and let them know of ANY ERRORS BIG OR SMALL. for your collections, they should be falling off soon, since some of them took place in 2000. honestly, i would'nt apply for any cards, let some of those inquies fall off. (2 years for hard)
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: Sat Apr 08, 2006 10:56 am Quote: Can anyone help me with the info about credit scores and bureaus pulled by state? yahoo creditpull groups.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: TomfromCT Credit Expert (100+ Posts) Posted: Sat Apr 08, 2006 2:58 pm Shorty.... Allow me some leeway here but.... You credit isnt great and it was alot worse... AND.. you plan to buy things you can't afford? I'm sorry but....is there any real reason you think you won;t be in credit trouble again? Credit is for people who dont NEED credit. If you NEED credit to buy thee basic things, my advice is buy some used stuff for cash or go without. Forgive me for my boldness and any assumptions I am making - I mean well. _________________ Average FICO score: 709 Average FAKO score: 703 56 Months of perfection WOOOHOOOOOO !!!!!!!!!!!!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: fitz75 Posted: Sat Apr 08, 2006 4:51 pm I gotta say I agree with Tom on this shortstop. If you feel you need then you probably shouldnt get them. With that said, I doubt you would have a problem getting any of those card you listed with those credit scores. Though it may be wiser to apply for something like an Amex Blue Cash card. You can use it in all those stores and you can forgo the hard inqs on your report. Amex seems willing to take a chance with people. I also read the Merrick Bank hooters card is really easy to get. I have one of those and the limit (6500) they gave me was rather generous.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
MBNA Credit Card Fee Cap on Balance Transfers
Guest: Alexis Rios Credit Expert (100+ Posts) Post subject: MBNA Credit Card Fee Cap on Balance Transfers Posted: Mon Apr 10, 2006 5:52 pm Do not make BT's when you're applying for a MBNA credit card. These BT don't have a fee cap.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Apr 10, 2006 6:24 pm Alexis Rios wrote: Do not make BT's when you're applying for a MBNA credit card. These BT don't have a fee cap. SOME HAVE $75 MAX READ THE FINE PRINT!!!!!!!!!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo Credit Expert (100+ Posts) Posted: Mon Apr 10, 2006 9:50 pm Most MBNA cards have a $75 cap, the lone exception is the mbna amex card which is no max. THere may be more, but this is what I know of.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Apr 10, 2006 10:13 pm guessindigo wrote: Most MBNA cards have a $75 cap, the lone exception is the mbna amex card which is no max. THere may be more, but this is what I know of. There are MANY that have $75 max There are MANY that have NO MAX
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card Offers with Fee Cap on Balance Transfers
Guest: maddybeagle Credit Expert (100+ Posts) Post subject: Credit Card Offer with Fee Cap on Balance Transfers Posted: Thu Apr 06, 2006 12:25 pm Quote: 3% NO MAX IS LIKE A TEST MARKET yep, I dont think it is testing out very well then. I suppose they are trying to find the balance between giving out as little as possible and people using these offers and not having the money at the end of the promo period. Chase is trying the same thing, but I am still getting offers with a cap from them. The mbna bill pay is by far to valuable for me than to use it on crappy bt offers.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor Board Monitor/ Administrator Posted: Fri Apr 07, 2006 11:31 am Related article about Chase here: http://www.cardratings.com/creditcardnews/2006/03/chase-doesnt-eliminate-cap-on-all.html Great info. guys! _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314 Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Fri Apr 07, 2006 5:14 pm MY MBNA QUANTUM IS $75 MAX
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Fri Apr 07, 2006 5:16 pm maddybeagle wrote: Quote: 3% NO MAX IS LIKE A TEST MARKET yep, I dont think it is testing out very well then. I suppose they are trying to find the balance between giving out as little as possible and people using these offers and not having the money at the end of the promo period. Chase is trying the same thing, but I am still getting offers with a cap from them. The mbna bill pay is by far to valuable for me than to use it on crappy bt offers. I only use MBNA QUANTUM for BT's I have ZERO REWARDS on that card
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Credit Card with 3% Fee Cap on Balance Transfers
Guest: rapjunkie Post subject: Credit Card with 3% Fee Cap on Balance TransfersCredit Expert (100+ Posts) Posted: Wed Apr 05, 2006 5:25 pm That's strange - I received BT checks last week with the $75 cap.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Wed Apr 05, 2006 6:16 pm 3% NO MAX IS LIKE A TEST MARKET $20,000 X 0.03 = $600 SURE IT'S ONLY $600...NO BIG DEAL!!!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Wed Apr 05, 2006 6:59 pm Look, just check the terms for each offer you receive. MBNA can always put a cap on a balance transfer or make balance transfers fee-free whenever it likes, even if the "usual" terms say 3% with no cap. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: guessindigo Credit Expert (100+ Posts) Posted: Thu Apr 06, 2006 11:04 am My rule is I NEVER take the checks or offers and respond via snail mail. I always call and negotiate. If they insist on no-max, then I walk. I can say more than half the time, I get success in getting the BT fee either waived or the fee dropped by 1/3 or more. The phone is a great tool to broker win-win deals. More customers should not be afraid to call and negotiate a better deal than what you get in the mail. Actually, Chase always encourages me to call to see what they have to offer. The rep actually told me to ignore the mail and whenever I want to do a BT, just call and "...I am sure we can work something out that is mutually beneficial" True story and in fact, it has worked wonders.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Thu Apr 06, 2006 12:14 pm Great advice! I'll have to give that a try. I have noticed that the mail offers and the online offers often are different. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
MBNA Credit Cards with Fee Cap on Balance Transfers
Guest: maddybeagle Credit Expert (100+ Posts) Post subject: MBNA Credit Cards with Fee Cap on Balance TransfersPosted: Wed Apr 05, 2006 8:26 am The transaction fee for balance transfers is 3% of each transaction, minimum of $10. However, effective as of July 2006, each balance transfer is subject to a 3% transaction fee between $10 and $75. I just looked at my mbna card and noticed this on the terms. I might use now....
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Guest: bullwinkle29 Posted: Wed Apr 05, 2006 11:36 am maddybeagle wrote: The transaction fee for balance transfers is 3% of each transaction, minimum of $10. However, effective as of July 2006, each balance transfer is subject to a 3% transaction fee between $10 and $75. I just looked at my mbna card and noticed this on the terms. I might use now.... my wife and i were thinking of getting the MBNA amex card and doing a bt, but it said 0% for 12 months, then 7.9%. under the terms, it said BT is 3% $10.00 min, it did not have a cap. it also stated that there is a fee. most new cards, they won't charge you when you open a new account.
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Guest: Woolfman Posted: Wed Apr 05, 2006 3:30 pm On all of my MBNA cards, The BT'S have been 3% $10.00 min $75.00 max. for quite a while now. I'm not sure if this is the same for new accounts.
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Wed Apr 05, 2006 3:39 pm I've always had a cap on mine too... $75 max. I've never seen an uncapped BT fee.
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Guest: bullwinkle29 Posted: Wed Apr 05, 2006 4:29 pm i just called mbna, there is NO CAP. it's 3%, we were going to apply for the MBNA Amex, not anymore
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Costco American Express True Earnings Credit Card Offer
Guest: shooter Credit Expert (100+ Posts) Post subject: Costco American Express True Earnings Credit Card OfferPosted: Tue Apr 11, 2006 12:45 am Wife and I plan on getting this card this weekend. I'm just curious to hear from those who have it. Is customer service as helpful with this card as for other Amex cards. What kind of initial CL's have you gotten? I've seen a couple on the CLI sticky but I'm interested to hear more examples. Is this card eligible for monthly CLI's like the Blue card for example? and most importantly Do you like it. I'm mostly getting it for the 3% at restuarants and because I'll be doing some traveling this summer (2%). Thanks
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Guest: bullet875 Posted: Tue Apr 11, 2006 5:08 am I have this card. I haven't had to use customer service yet. I like it because of the 3% reward for eating out...and takeout as well, and 2% for travel. I'm going to Disney World this summer and it will be nice to get the 2% back on that! I got a 21K credit limit as well.
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Will new credit cards lower my credit score?
Guest: creditbuilder Post subject: Will new credit cards lower my credit score?Posted: Sun Apr 09, 2006 5:34 pm You're not going to get a card without a credit check unless it's secured. Your score didn't drop 20 points because of the inquiry, it was because of the new card. It lowers your average age of accounts. I think there is also a penalty for having a new account in the last 6 months.
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Guest: gomirage Posted: Sun Apr 09, 2006 7:46 pm well, here's what happened. Below my two scores between 2/20/06 and 4/10. Between the reports I reponded to an offer from CITI, got dividend plat $2900. They called me and asked me if I want professional. I said sure !!! Got another card 4,000 CL with no additional inquiry. Then I realized I need more and called them back. They pulled equifax and told me to ask again in six month. I then responed last week to an offer from BOA. Was approved online for 7300. I havent received the card yet but they pulled Transunion. Now here are my score between 2/20 and 3/10. Actually TU drop by 29 and Eq 19. Stange TU Ex Eq 724 684 678 695 678 659
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Guest: Kajjers Posted: Sun Apr 09, 2006 10:31 pm If I'm reading this correctly you've acquired $14,200 in new credit lines in the past few months, but your objective is to increase your score. I'm not really sure that getting new secured credit cards is going to help your case much. I'd lay off a bit, and maybe count on credit line increases down the line.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Apr 10, 2006 12:09 am I lose -7 (EQ)
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Guest: davej Posted: Mon Apr 10, 2006 3:43 am Looks like the bottom line is that you won't get hard inquiries, but your new secured accounts will shorten the average length of credit history and dent your score anyway (for a while at least)..., like what happened when you lost 20 pts as creditbuilder pointed out.. I agree with Kajjers here - on time payments will take you over 700 down the road, and going secured doesn't feel like the right strategy here...
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Guest: bullwinkle29 Posted: Mon Apr 10, 2006 9:01 am dont worry about your score. in about 6 months w/on time payments, your score will rise. so dont worry about it. are you buying a house in the next month? no, then dont worry about it. just b/c your score went down a little, doesn't mean you have bad credit.
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Guest: gomirage Posted: Mon Apr 10, 2006 4:28 pm I am planning on taking out a home equity loan and I was worried about getting a good interest rate. but thank y all for your suggestions.
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Guest: creditmeiser46 Posted: Tue Apr 11, 2006 5:09 am How soon do you need the home equity loan? If I were you, I'd use one of those free credit analyzers to predict your score around the time you want to get the E.L.
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Searching for Credit Card Offer with no Credit Check
Guest: gomirage Post subject: Searching for Credit Card Offer with no Credit Check Posted: Sun Apr 09, 2006 2:43 pm I have an average score of 680. I want to improve my card and I am planning on openning several secured credit card (with balances 200). Once i get the cards I will automatically stuff them and never use them. All i need is having a 100% availability showing in my reports. Is this a good idea ? Also, I don't want them to do any credit check to avoid damaging my score. What are the cards you thinkg would be the one to go for. I don't want an annual fee either.
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Guest: fitz75 Posted: Sun Apr 09, 2006 2:53 pm Why are you choosing to go the secured route with a 680 credit score? I was able to get Amex delta sky miles/Amex blue cash, Cap One, Hooters MC, Emigrant Direct MC, WAMU visa with a 640ish credit score. The only lenders I had issues with was Chase, Citi, and Discover.
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Guest: gomirage Posted: Sun Apr 09, 2006 2:55 pm I don't want a credit check. Last week I was approved for a Citi Pro for $4,000 CL. Yesterday I watched my score drop by 20 points.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Apr 09, 2006 3:23 pm gomirage wrote: I don't want a credit check. Last week I was approved for a Citi Pro for $4,000 CL. Yesterday I watched my score drop by 20 points. Must be some other reason for a 20 point drop Most people get 3--7 point drop
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Sun Apr 09, 2006 3:49 pm I'm not sure why...but....something with this whole story and plan does not add up. _________________ Average FICO score: 709 Average FAKO score: 703 56 Months of perfection WOOOHOOOOOO !!!!!!!!!!!!
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Want a Credit Line Increase on my New Credit Card (cont'd.)
Guest: guessindigo Post subject: Want a Credit Line Increase on my New Credit Card Credit Expert (100+ Posts) Posted: Mon Apr 10, 2006 9:48 pm Having lots of experience with Chase, I should tell you that going from 10K to 25K is not likely to happen with your first Chase card. 6 months from now, it is very likely to happen. It will cost about 5-10 points for each hard inq. Why not just take the 10K and use it for now. 6 months later, that 0% will still be there. If not, Chase is excellent in offering 0% BT's.
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Guest: lowloan Posted: Mon Apr 10, 2006 10:45 pm I think that is an good idea.
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Guest: fenster Credit Expert (100+ Posts) Posted: Tue Apr 11, 2006 11:28 am lowloan wrote: She checked with the cerdit department and they said it is quite possible, but they still have to run my credit report again. I do nto wan tto do that since ther is a small possiblity that they will come back and say We will give you $20K which will not help me. Any one has any experice with chase. I have a good crdit history and my FICO is around 749. You’ve the moxy to ask for a 150% CLI and you’re woosing out on 1 hard inquiry? Nothing is free in life, no pain, no gain. Even with the hard inquiry, Chase will never ever grant you what you personally ask for, their analyst will extend you what Chase believes is appropriate. And the analyst may decide that even with 100 hard inquiries, he’ll extend a 0% increase on your account, that is until you grow some… _________________ beware of everything
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Want a Credit Line Increase on my New Credit Card
Guest: lowloan Post subject: Want a Credit Line Increase on my New Credit Card Posted: Mon Apr 10, 2006 6:13 pm Hi, I just got my 0% APR card from Chase. This is applicable for Balance Transfers until 15 months. Here is the question. They have given me a lmit of $10K. Now I am feeling I need more limt on this like up to $25K. I just called the bank and cheked with agent if they can incares my credit limti to atleasr $25K. She checked with the cerdit department and they said it is quite possible, but they still have to run my credit report again. I do nto wan tto do that since ther is a small possiblity that they will come back and say We will give you $20K which will not help me. Any one has any experice with chase. I have a good crdit history and my FICO is around 749.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Apr 10, 2006 6:19 pm lowloan wrote: Hi, I just got my 0% APR card from Chase. This is applicable for Balance Transfers until 15 months. Here is the question. They have given me a lmit of $10K. Now I am feeling I need more limt on this like up to $25K. I just called the bank and cheked with agent if they can incares my credit limti to atleasr $25K. She checked with the cerdit department and they said it is quite possible, but they still have to run my credit report again. I do nto wan tto do that since ther is a small possiblity that they will come back and say We will give you $20K which will not help me. Any one has any experice with chase. I have a good crdit history and my FICO is around 749. $10,000 to $25,000 is pushing it My CHASE UNITED VISA is my lowest credit limit at $10,000
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Guest: lowloan Posted: Mon Apr 10, 2006 6:39 pm The agent I spoke to cheked with the Credit department and hey said there isa good possibility that I get approved What are the draw backs if I get denied. Will it affect my FICO score
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Apr 10, 2006 7:40 pm Quote: ther is a small possiblity that they will come back and say We will give you $20K which will not help me. $25k will help you but $20K won't? That doesn't make sense to me. An inquiry will lower your score a bit whether you're approved for an increase or not. An increase will raise your score, all other things being equal. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: lowloan Posted: Mon Apr 10, 2006 7:47 pm Well I am trying to pay oen of loan and if they give me 20 K, i will short of 4 k that is one of the reasons.
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