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DiscoverCard Credit Card Paypal Payment
Guest: Board Monitor Board Monitor/ Administrator Post subject: DiscoverCard Credit Card Paypal PaymentPosted: Mon Apr 17, 2006 11:55 am Has anyone tried the DiscoverCard payment tip through Paypal? _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314 Sign up for our free monthly e-mail newsletter!
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Guest: jo9675 Posted: Fri Apr 21, 2006 4:16 pm I didn't have the problems you listed about fees being added or anything like that. The only thing to watch is that you CUT UP THE CREDIT CARD as soon as you receive it and the transfer is on there. What's tricky about them is that, if you put any other purchases on the card, they get paid off last - so you're building finance charges on those purchases just like you weren't paying on them. The transfer will be completely paid off before you'll start paying toward the purchases. It'll bite you quick. Hope this helps - jo
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Guest: esjjventura Posted: Fri Apr 21, 2006 7:06 pm [quote="jo9675"]if you put any other purchases on the card, they get paid off last - so you're building finance charges on those purchases just like you weren't paying on them. [/quote] Yep, that's exactly it. That's why I only put 3 cents each transaction. I've been doing this for about a year now, and my finance charges are about $1 each month. Not bad for a $9000 debt. It started somewhere around $12K. But that is VERY good advice to just cut up the card (although you'll need it to make the purchases). I'm going to try the paypal thing next month. I'll keep you posted. _________________ MendYourFuelishWays.com Did you know you can run your car off of vegetable oil?
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Guest: Daniel Credit Expert (100+ Posts) Posted: Sat Apr 22, 2006 9:25 pm I have seen various flavors of this offer. Done right this can be a sweet deal. Here is a post discussing some of the strategies. http://webgroups.biz/creditcardperks/phpBB2/viewtopic.php?t=6579&highlight=discover If it's minimum is any purchase check out the automated postal machines
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Discover Credit Card with 0% APR
Guest: maddybeagle Credit Expert (100+ Posts) Post subject: Discover Credit Card with 0% APRPosted: Mon Apr 10, 2006 12:28 pm search for this offer on fat wallet, they have all kinds of discussion and I think mouse pretty much explained it.....your purchases (the 1 or 2 bucks) will be charged at the purchase rate...and at first you will be charged the min. finance charge. The 1 buck and the interest charges will compound and each month you will add another buck. Your min. payment will be applied to the bt 0% balance first.
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Guest: lowloan Posted: Mon Apr 10, 2006 3:27 pm Thank you for the feedback.
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Guest: esjjventura Posted: Fri Apr 14, 2006 7:48 am Not sure where you guys are getting this $1 dollar minimum for new purchases. I go to the gas station and put $.03 of gas in my car - twice for a total of $.06. I've been doing this for over a year now and my finance fees are about $1.00 right now. Has anyone tried using their discover card on paypal and paying their buddy $.01 (twice) every month? _________________ MendYourFuelishWays.com Did you know you can run your car off of vegetable oil?
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Guest: creditbuilder Posted: Fri Apr 14, 2006 9:38 am The offer I got is 9% interest, .50 min. finance charge, no interest for 15 months, two purchases or cash transactions per month starting in july of 2007-no minimum stated. If your payment counts as a cash transaction then you could just set up automatic billing to pay down your transfer twice a month.
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Discover Credit Card with 0% APR on Balance Transfers for Life
Guest: lowloan Post subject: Discover Credit Card with 0% APR on Balance Transfers for LifePosted: Sun Apr 09, 2006 2:59 pm I just recived a mail offer from Discover 0% APR for life, on Balance transfers. Has any one tried this and what is the feedback.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Apr 09, 2006 3:17 pm lowloan wrote: I just recived a mail offer from Discover 0% APR for life, on Balance transfers. Has any one tried this and what is the feedback. Look at the fine print One or two purchases required every month It could be like $1.00 or even $0.32 but 100% of these purchases will accrue interest (NOT AT 0.00%--more like 16%--21%) 100% guarantee you will have a MINIMUM FINANCE CHARGE like $1.00 or $2.00
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Apr 09, 2006 3:21 pm Not saying it won't work for YOU I'm not gonna' do it 0.99% or 1.99% (NO FEE) for life would be better for me But they think 7.99% + $50.00 fee is good for me SURE IT IS... NOT!!!!!! It is at $0.00 and has been for a while
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Mon Apr 10, 2006 8:28 am I have seen 2 variations....one where you have to put a min. of 50 bucks on it a month..which I would pass on. The 2 purchases for 1 buck a pop probably is ok if you can keep track and have a large enough credit limit to make it worth your time. Was this a new card offer or on an existing card?
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Guest: lowloan Posted: Mon Apr 10, 2006 11:45 am It is a new card and it is the second one. Let me ask you this, If I barrow 5000/- and did a $1 per month purchase, how will this work?
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Chase Bank Credit Card APR Increase
Guest: Fehercica Post subject: Chase Bank Credit Card APR IncreasePosted: Fri Apr 21, 2006 8:55 pm I had a credit card with Amazon.com. Owed by Chase Bank. My credit limit was $9500.- and the Rate 16.74% My debt was in February $4400.- In the same month I paid $ 2486. March Balance was 2287.- I paid $287.- This month I received a notice that my Annual % rate from 16.74% was increase to 26.74% I called and asked the reason for it. I was told because my balance was too high. My credit score is 775. I dont understand why the percentage rate was not raised when the balance was $4400.-? The ratio of debt to credit limit in April is 50% less than it was in February. Any one has any explanation?
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Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Posted: Fri Apr 21, 2006 9:02 pm Call again and ask for a specific reason. Ask to speak with a credit analyst. If this was a raise directed against you personally (and not something done for everyone with that kind of credit card), Chase has to tell you the reason in writing and tell you what bureau was used to pull your credit. You're entitled to a free report from that bureau. There are a lot of possibilities. One is that it was simply time for an annual review. Another is that there are errorsi in your credit report. A third possibility is that you're leaving something out--were you late in making those payments or have you been late with other Chase cards? Or it's simply a bonehead move at random for no sensible reason. That happens. One thing is for sure--the reason you were given is bogus. You feel that way--and I agree with you. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: Alexis Rios Credit Expert (100+ Posts) Posted: Sat Apr 22, 2006 12:33 pm [quote="Fehercica"]I had a credit card with Amazon.com. Owed by Chase Bank. My credit limit was $9500.- and the Rate 16.74% My debt was in February $4400.- In the same month I paid $ 2486. March Balance was 2287.- I paid $287.- This month I received a notice that my Annual % rate from 16.74% was increase to 26.74% I called and asked the reason for it. I was told because my balance was too high. My credit score is 775. I dont understand why the percentage rate was not raised when the balance was $4400.-? The ratio of debt to credit limit in April is 50% less than it was in February. Any one has any explanation?[/quote] You should review your credit reports just in case if you have other credit cards with balance. If this account is the only one w/balance call to the credit dept. for a reconsideration.
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Guest: fenster Credit Expert (100+ Posts) Posted: Sat Apr 22, 2006 1:42 pm What you describe happened to a big percentage of Amazon cardholders amidst the Chase takeover. The good news is it’s nothing you can’t fix, it happened to me. You’ve to call Amazon Chase and complain, they’ll connect you to a very rude person in a so called “underwriting” section. They’ll give you a lame high utilization reason for the hike. And you’ll tell them you’re having none of that big, steamy pile of poo. Then they’ll ask to pull a report, don’t worry, it’ll be soft. And if your counterargument is reflected in your report, they’ll ask you to wait 2 billing cycles before your rate is back to where it was. I waited two billing cycles too, but luckily my balance was close to 0. One more thing, here's a trick they play: they'll say "but sir you have ~ $30000 in outstanding debt." You've to counter, yes, but that's only 15 or 20% of my overall available. _________________ beware of everything
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Guest: Daniel Credit Expert (100+ Posts) Posted: Sat Apr 22, 2006 5:39 pm As Fenster indicated it may be that they feel you have to much outstanding debt at other banks. Interestingly Chase says they don’t participate in universal default but that is clearly smoke and mirrors as you outlined here. Anyway my thought is with a 775 credit score you should not be paying 16% let alone 26%. Pay them off then call and politely tell them that they are not in line with your other creditors and what can they do for you. If you’re persistent they will transfer you to the retention department. The other way if you don’t want to be bothered is pay the account off and use another creditor’s card that has better terms. With a 775 score you should not have to settle for sub prime pricing take your business elsewhere.
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Guest: fenster Credit Expert (100+ Posts) Posted: Sat Apr 22, 2006 9:04 pm Quote: As Fenster indicated it may be that they feel you have to much outstanding debt at other banks. Interestingly Chase says they don’t participate in universal default but that is clearly smoke and mirrors as you outlined here. Anyway my thought is with a 775 credit score you should not be paying 16% let alone 26%. Pay them off then call and politely tell them that they are not in line with your other creditors and what can they do for you. If you’re persistent they will transfer you to the retention department. The other way if you don’t want to be bothered is pay the account off and use another creditor’s card that has better terms. With a 775 score you should not have to settle for sub prime pricing take your business elsewhere. Universal Default doesn’t really apply to Fehercica’s case because he didn’t say he defaulted. UD and its consequences (high rates) should apply only when one defaults and NOT when cardholders amass large debts without defaulting. To wit, Chase seems one of very few, if not the only major bank that’s hypersensitive to overall high utilization. Technically, if a bank is applying Universal Default sanctions to a case of high utilization, you can call them on it and win the argument. The usual way banks react to high overall utilization is either by calling the cardholder and asking him/her to pay more than the minimum, or by notifying him they’re closing the account because they feel he’s become a liability. BofA is one bank who could care less about high utilization, it doesn’t bother them. Unless you start defaulting that is. _________________ beware of everything
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Guest: Daniel Credit Expert (100+ Posts) Posted: Sat Apr 22, 2006 9:19 pm [quote="fenster"]Quote: As Fenster indicated it may be that they feel you have to much outstanding debt at other banks. Interestingly Chase says they don’t participate in universal default but that is clearly smoke and mirrors as you outlined here. Anyway my thought is with a 775 credit score you should not be paying 16% let alone 26%. Pay them off then call and politely tell them that they are not in line with your other creditors and what can they do for you. If you’re persistent they will transfer you to the retention department. The other way if you don’t want to be bothered is pay the account off and use another creditor’s card that has better terms. With a 775 score you should not have to settle for sub prime pricing take your business elsewhere. Universal Default doesn’t really apply to Fehercica’s case because he didn’t say he defaulted. UD and its consequences (high rates) should apply only when one defaults and NOT when cardholders amass large debts without defaulting. To wit, Chase seems one of very few, if not the only major bank that’s hypersensitive to overall high utilization. Technically, if a bank is applying Universal Default sanctions to a case of high utilization, you can call them on it and win the argument. The usual way banks react to high overall utilization is either by calling the cardholder and asking him/her to pay more than the minimum, or by notifying him they’re closing the account because they feel he’s become a liability. BofA is one bank who could care less about high utilization, it doesn’t bother them. Unless you start defaulting that is.[/quote] After considering this further I would agree it may not be universal default as the OP did not mention defaulting on any of their other accounts. However that is just semantics as in the end as OP presented, Chase has taken adverse action by increasing the pricing. Chase does seem to be sensitive to this behavior however perhaps more so on accounts with less time of relationship. In either case OP should work to resolve and or take their business elsewhere.
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Do Capital One credit cards charge foreign conversion fees?
Guest: BigDog Post subject: Do Capital One credit cards charge foreign conversion fees?Posted: Tue Mar 28, 2006 12:08 am Yeap, Cap 1 is the only one I found that does not charge a fee. A little info? I travel allot in europe and if you going to travel to small towns. Amex is just not going to cut it.
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Tue Mar 28, 2006 8:22 pm Wow, that's excellent news. I had read conflicting reports - some saying that they absorbed the 1%, and others saying they didn't. That's good to know (although I'm still going to call and check with them when the time comes, just in case they happen to change their policy).
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Thu Apr 20, 2006 4:52 pm Update - I called Capital One today to verify... and YES... they do not charge a foreign currency conversion fee like other cards do.
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Guest: Board Monitor Board Monitor/ Administrator Posted: Fri Apr 21, 2006 9:06 am Nice. I've heard this will be changing, though. Please let us know if things change! _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314 Sign up for our free monthly e-mail newsletter!
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Fri Apr 21, 2006 10:21 am No problem... they would have to send out one of those amendments to the cardmember agreement in order to make the change, so if I get one I'll be sure to let everyone know on here.
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Guest: Board Monitor Board Monitor/ Administrator Posted: Fri Apr 21, 2006 6:04 pm Just called Cap One and they send the do absorb the 1% fee. _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314 Sign up for our free monthly e-mail newsletter!
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Searching for Credit Cards with no Foreign Conversion Fees
Guest: lwsdt Post subject: Searching for Credit Cards with no Foreign Conversion FeesPosted: Tue Mar 21, 2006 7:46 pm I know that mastercard and visa charge a flat 1% to convert your money while making purchases abroad. Are there any credit cards that do not chagne anything on top of that? I can not believe these card companies are charging me an extra 2-3% for nothing!!! So far the best i ahve found is AMEX (which charges 2% total). Thanks
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Guest: Alexis Rios Credit Expert (100+ Posts) Posted: Tue Mar 21, 2006 7:59 pm right now MBNA didn't charge foreign fees.
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Guest: lwsdt Posted: Tue Mar 21, 2006 8:08 pm They will in May and my trip in later in the summer.... There has to be someone on here who can point me to a link to apply for a credit card with no foreign conversion fees (execpt what via\mastercard charges) Amex is just not accpeted at enought locations... Charge card issuer/ Foreign currency transaction fee Does fee apply when foreign purchase made in U.S. dollars? J.P. Morgan Chase 3% /No Citi Cards 3%/ No MBNA America 1% Visa/MasterCard fee now, rising to 3%{+1} / Yes American Express 2%/ No Bank of America 3% /No Capital One 1%{+2}/ Yes HSBC 1%{+2} / Yes Providian 1%{+2} /Yes Wells Fargo 3%/ No Diners Club 2%-3% /No 1- Additional 2% MBNA fee takes effect in May 2- Visa/MasterCard fees, applied if purchase is made in a foreign currency. Until Oct. 1, MasterCard does not charge a fee if foreign purchases are made in U.S. dollars
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Guest: rapjunkie Credit Expert (100+ Posts) Posted: Wed Mar 22, 2006 2:51 am lwsdt, Thanks for the informative post. I read somewhere a while back (I think it was on Bankrate.com) that Capital One was actually absorbing the 1% fee from Visa/MC rather than passing it along to cardholders, but I guess that didn't last long.
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Guest: alekski Posted: Mon Mar 27, 2006 7:34 pm That's correct about Capital One. I've been using mine for the past few weeks in Europe and the currency is exchanged at around the mid-market rates. There is no 1% fee (they do absorb it - I even called and asked) and the exchange rate is MUCH better than offered at any currency exchange place I've seen.
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CitiBank Bronze Advantage MasterCard Credit Card Offer
Guest: DavidPalmer Post subject: CitiBank Bronze Advantage MasterCard Credit Card OfferPosted: Mon Feb 13, 2006 5:23 pm ok, I just got this card offer from citi, where after your first purchase you get 2500 bonus miles. My question is what how exactly does this travel thing work. For every $2 I spend on certain purchases I'll get 1AAdvantage mile, and this is suppose to add up to a travel award. Can someone explain to me exactly how this works. My APR will be 0 % until Aug, when it then goes to 12.24. I couldn't find it on their website, so if anyone could give me a heads up
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Guest: AJK1535 Posted: Tue Feb 21, 2006 9:28 pm David, You should try to apply for a better card like the Citi Dividend. It gives you cash back on your purchases and up to 5 percent on Supermarkets, Gas Stations, Drug Stores, etc. If you got the AAdvantage card, you would have to spend 50k dollars to get a free domestic round trip. That's a long time. Hope this helps.
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Guest: Board Monitor Board Monitor/ Administrator Posted: Wed Feb 22, 2006 10:29 am 2500 is not many bonus miles on an airline reward card. What is the annual fee? _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314 Sign up for our free monthly e-mail newsletter!
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Guest: moniqueclaire Posted: Fri Apr 21, 2006 1:22 am As far as I understand it, there is no annual fee. that's why the low rewards Have a good week _________________ Knowledge is power!
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Fri Apr 21, 2006 1:44 am NO ANNUAL FEE So 1 mile for each $2
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Guest: moniqueclaire Posted: Fri Apr 21, 2006 4:28 pm That is right NO ANNUAL FEE 1pt for every $2.00 Interest is like 13.75% however I don't care , I am like Bullet and want the miles/rewards Thanks _________________ Knowledge is power!
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Discover Credit Card with Cash Back Bonus
Guest: stevejk Credit Expert (100+ Posts) Post subject: Discover Credit Card with Cash Back BonusPosted: Thu Apr 20, 2006 12:31 pm According to CardTrak, in April, May, and June, you can get 5% cash back on purchases of gas, auto parts and services. For those of us with the Discover Restaurant card that expires in July, for July, August, and September, you can get 5% cash back on apparel, supplies and education expenses. To round out the year, you can get 5% cash back on holiday shopping items such as music and books. I guess the gasoline and auto service for the summer vacation driving season, then clothing and school supplies in time to go back to school, and gifts for the winter holiday season.
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Thu Apr 20, 2006 4:13 pm I have the Discover 5% back on gas card. I am racking up the 5% rebates already! Too bad the 5% back ends after 1,200 bucks in gas purchases. Fo r me thats nothing. And at 3 bucks a gallon...its really nothing. _________________ Average FICO score: 709 56 Months of perfection! I'm bored
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Qualifications for American Express Platinum Credit Card
Guest: luckyismydog Post subject: Qualifications for American Express Platinum Credit CardPosted: Wed Apr 05, 2006 12:24 am Does anyone know about the qualifications of getting an AMEX Platinum card? AMEX cancelled one of my cards over ten years ago when I was in college but now I am way on the other end of the spectrum with a credit score that is well over 700.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Wed Apr 05, 2006 12:59 am luckyismydog wrote: Does anyone know about the qualifications of getting an AMEX Platinum card? AMEX cancelled one of my cards over ten years ago when I was in college but now I am way on the other end of the spectrum with a credit score that is well over 700. None of the 19 AMEX "CREDIT" CARDS work for you?????
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Guest: herky Posted: Wed Apr 05, 2006 10:12 am Amex has a very long memory, I think. There was another post about this where one poster was able to get an amex after they wrote a letter explaining extenuating circumstances as to why they mis-used their first card, but I think that is the exception rather than the rule.
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Guest: luckyismydog Posted: Wed Apr 05, 2006 10:32 am The benefits of the Platinum card matches my travel and entertainment needs.
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Guest: english rose Posted: Wed Apr 26, 2006 6:52 am check with mouse hes on page 1 of this forum, and his buddy works at amex as a credit analyst, also check amex blacklisted. [quote="luckyismydog"]Does anyone know about the qualifications of getting an AMEX Platinum card? AMEX cancelled one of my cards over ten years ago when I was in college but now I am way on the other end of the spectrum with a credit score that is well over 700.[/quote]
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Should I consolidate my credit cards?
Guest: Polonius SENIOR MEMBER (Member for 2 yrs.+) Post subject: Should I consolidate my credit cards?Posted: Wed Apr 26, 2006 1:20 am Crazy advice, Tom. How do you consolidate a Citibank card onto a Chase card, as you recommended doing twice in your post? Keep all the cards which have no annual fees. Don't consolidate anything yet. What would you gain by consolidating? Keep them open to get the benefit of different offers. For example, you could use one Chase card for purchases and another for balance transfers--if you consolidate, you lose one of the two options. _________________ Polonius "Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Wed Apr 26, 2006 7:05 am Quote: What would you gain by consolidating? Keep them open to get the benefit of different offers. For example, you could use one Chase card for purchases and another for balance transfers--if you consolidate, you lose one of the two options. I understand this argument, but it also a matter of simplifying life if you aernt going to use the cards and need to track them to keep them active. He also has smaller limits currently so consolidating will help when he applies for additional cards (the old theory that new card limits are based on what you have now). Some more advice might be to see what kind of retention offer you can get on the cards before you consolidate them.
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Guest: Alexis Rios Credit Expert (100+ Posts) Posted: Wed Apr 26, 2006 7:10 am Amex Platinum Credit Card is the only annual fee credit card and i wish to change or close.
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Which credit cards should I consolidate?
Guest: bullet875 Credit Expert (100+ Posts) Post subject: Which credit cards should I consolidate?Posted: Tue Apr 25, 2006 12:48 pm Here are most of my 20 cards...which ones would you consolidate or get rid of? None have limits higher than 5k and I'm not lisitng cards that I know I am keeping... 1. Citi Professional 2. Charles Schwab Visa 3. Discover Gas (have other 5% cards if I need them) (Since supposedly Discover is hard to get should I keep this?) 4. Walmart Discover 5. Chase Visa Signature Priority Club 6. AmEx Hilton HHonors 7. Citi Simplicity Rewards 8. B of A Chpice Privileges Hotel Visa Card that I am keeping (can I combine some of the above with some of these? 1. Chase Disney Visa 2. Converting Chase Chas Plus to Chase Rewards Plus after next statement date to up my rewrds earning ability 3. True Earnings AmEx Costco 4. Advanta Business 5. Chase Wawa Visa (I go to wawa A LOT! LOL) 6. Citi Dividend Select Mastercard (I've had this card the longest so I'm keeping it to keep my CC history longer) 7. JCB...hey I strugged to get this one, and I will us eit at the post office and a few online retailers just to keep it active..lol I also have 3 store cards: Home depot, Kohls, and Old Navy. I use Old Navy and Kohls a lot, but HD I've had for 4 years so I'm keeping that too I guess. Help me pare these cards down!!!!!! lol
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Guest: XeroK00L Posted: Tue Apr 25, 2006 12:55 pm I don't think you need to get rid of any of them unless you're paying annual fees (e.g. Chase Visa Signature Priority Club). You can sockdrawer all of those that you don't use and with no annual fees so that they can keep growing the age of your credit report.
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Guest: bullet875 Credit Expert (100+ Posts) Posted: Tue Apr 25, 2006 1:07 pm Priority Club is definitely gone if I can't talk my way out of the annual fee. If I keep the rest, can I still get CLIs on the cards I use the most? The ones I am thinking of getting rid of are all under a year old so I don't know how much it could hurt my credit scores by closing them.
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Tue Apr 25, 2006 1:57 pm 1. Citi Professional - consolidate onto the other chase signature 2. Charles Schwab Visa - bye bye 3. Discover Gas - keeper 4. Walmart Discover - bye bye smiley 5. Chase Visa Signature Priority Club keeper 6. AmEx Hilton HHonors - bye bye 7. Citi Simplicity Rewards - consolidate onto chase disney 8. B of A Chpice Privileges Hotel Visa - bye bye Theres my two cents. Since I dont know alot about where you shop, I have to say that my reasons are all based on my life. _________________ Average FICO score: 709 56 Months of perfection! I'm bored
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Tue Apr 25, 2006 4:57 pm the last that I heard, you cant consolidate discover, but if you can, do it. You can always change programs if there is a "Get More" program that you like.....
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How can I build credit?
Guest: cr1s Post subject: How can I build credit?Posted: Tue Apr 25, 2006 7:43 pm OK, SO I HAVE A PROBLEM. IM 19 AND I WANT TO BUILD MY CREDIT UP. I HAVE ALREADY HAD MY FIRST CREDIT CARD, AND IT WAS A CAPTIAL ONE CARD...BUT I WANT TO APPLY FOR MORE CREDIT CARD EXCEPT I HAVE NO CHECKING OR SAVING ACCOUNTS...SO WITH THAT BEING SAID ARE THEIR ANY CREDIT CARDS THAT I CAN APPLY TO, THAT DOESNT REQUIRE A CHECKING OR SAVING ACCOUNT.OR AM I JUST SCREWED!!!!! PLEASE HELP ME
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Guest: shortstop7 Posted: Tue Apr 25, 2006 8:46 pm Why dont you just open a checking or savings and then apply? I havent had to provide bank account info for any of the cards i have gotten. At most they ask for my account balance. Try getting a Bank of America card.
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Guest: arahad06 Credit Expert (100+ Posts) Posted: Tue Apr 25, 2006 9:25 pm having a checking and savings account is definitely a positive thing for you. you must open both of them and put some amount of money in savings every month... pay your bills in full every month and on time... get different kinds of cards... for example, (JC Penny, Chase, Citi, AMEX, Discover etc..) i doubt you will get accepted for all of those with such short credit history though... so try to build up 1 at a time and give it some time...
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Guest: cr1s Posted: Tue Apr 25, 2006 9:44 pm [quote="shortstop7"]Why dont you just open a checking or savings and then apply? I havent had to provide bank account info for any of the cards i have gotten. At most they ask for my account balance. Try getting a Bank of America card.[/quote] OK I WILL TRY THAT BANK OF AMERICA CARD...BUT WAT CARDS HAVE YOU APPLIED FOR THAT ASKED JUST FOR YOUR ACCOUNT BALANCE
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Guest: fitz75 Posted: Tue Apr 25, 2006 9:59 pm Not that it is my business, but how do you pay your bills without a checking account? I got 2 Amex, WAMU Visa, HD card, CC card, and a few others and never put down any bank info that I can remember.
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Guest: gsr Posted: Tue Apr 25, 2006 10:56 pm Bank of america is one not that hard to get, just open up a checking account and wait a while and they will be easier on you. If your in college, college cards are the easiest to get. _________________ 4 Months of credit = Citi Mtvu Student Citi Dividend Student Bank of America Platinum Student Hsbc Platinum Select
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Guest: cr1s Posted: Wed Apr 26, 2006 7:46 am because with capital one i can just send a money order to them or pay online instead of having a checking or saving account
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Home Depot Credit Card Credit Line Increase
Guest: shorty23js Post subject: Home Depot Credit Card Credit Line IncreasePosted: Wed Apr 26, 2006 7:55 am My husband had a $500 credit line for his home depot card and he opened that in Nov 2005. 2 days ago we recieved his statement and they had 4,000 as his new credit line. What does that mean?? Several months ago I disputed some of his accounts on his credit reports and some where deleted others where updated and his points went down dramatically I believe because of me disputing his accounts.
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Guest: shorty23js Posted: Wed Apr 26, 2006 8:07 am My husband has repaired his credit for the last 3yrs paying all his bills on time but what was hurting him was a high balance on a credit card with his bank. What happened was he joined the military in Jan 2003 and he took a 2500.00 pay cut, efore you join the service they tell you things that are not true until you are waived in and you find out on your own how things work, So we a big truck payment of 609.00 and a car payment of 330.00 and his basic pay a month was 1608.00 but we lived on base free, We where late on his truck payment 2 times before we had to trade it in for something more affordable, That was when his last late payment was like may 2003. I became pregnant in Jan 2004 and he applied for a credit increase with his credit union, Which he had since he was an infant, His current credit limit was 600 which he had opened since 1997 and they never automatically increased it, He asked for atleast 2,000 increase, Well they screwed up and gave him a credit line of 100,000.00. I nearly crapped my pants, He only made 1608.00 month but they gave him a credit increase of 99,400. We called VISA and they said that it was correct and so after 6 calls to verify that the increase was right we spent 2,000. for our new baby. 3 wks later the credit card company said it was wrong and the credit increase should have been 1,000.00. This hurt my husbands credit, He should over the limit and everything dropped and they told him it was his fault for charging 2,000. not theres. Last month I had talked to his credit union and told them it is only fair that you show his credit line to be over his balance because this is hurting him still til this day, They agreed, But can't he do something about this??
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Guest: shorty23js Posted: Wed Apr 26, 2006 8:12 am Since all this happened he has been on time and is now a disabled vet out of the service and making bigger money. But he is still paying off that cc with the credit union, He will not pay it off sooner because of how the screwed him, Sure he could of paid this off but he said screw them, They screwed me let them wait I will make my minimum payment paying 20.00 over what is due until it is paid, Should he do this still?? In Nov he had a offer for a home depot card so he accepted and recieved a credi tline of 500.00, So the reason for the post was is his credit looking better as to why they issued him a 3500 increase?? Thanks for reading this long drama any positive feedback would help, I love this forum and evryone has such great advice, Thanks.
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Guest: fitz75 Posted: Wed Apr 26, 2006 8:19 am [quote="shorty23But he is still paying off that cc with the credit union, He will not pay it off sooner because of how the screwed him, Sure he could of paid this off but he said screw them, They screwed me let them wait I will make my minimum payment paying 20.00 over what is due until it is paid, Should he do this still??quote] Why would the credit union want him to pay it off, especially if the interest rate is high. The longer it takes him to pay that off the more money they are making off of him.
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Capital One Credit Card Credit Line Increase
Guest: TomfromCT Credit Expert (100+ Posts) Post subject: Capital One Credit Card Credit Line IncreasePosted: Wed Apr 26, 2006 7:13 am Ok, We all know CAP 1 is tough on CL increases. I have taken the approach in the past of charging ALOT and paying it off to the point where I charge much more than my CL but pay online so I am never above my CL at any one point. Alas, nothing - no increase. So now, I just sent them a check for the balance and I am sock drawer-ing the card for 9 months to see what happens. _________________ Average FICO score: 709 56 Months of perfection! I'm bored
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Guest: fitz75 Posted: Wed Apr 26, 2006 8:27 am I just got a Cap 1 card a month ago and was already offered a 500.00 for using it and paying it on time for 3 months. Does Cap 1 consolidate cards? If so you may try to get another. I'm about to head over to Korea in the fall. Since Cap 1 doesn't charge foreign currency fees, I will probably use it for a bulk of my purchases over there.
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Guest: Board Monitor Board Monitor/ Administrator Posted: Wed Apr 26, 2006 10:21 am Quote: I'm about to head over to Korea in the fall. Since Cap 1 doesn't charge foreign currency fees, I will probably use it for a bulk of my purchases over there. Good idea! Let us know how that turns out for you. _________________ Best Regards, Curtis Arnold Board Monitor http://www.cardratings.com (501) 663-0314 Sign up for our free monthly e-mail newsletter!
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Wed Apr 26, 2006 10:23 am Fitz...I have heard of the three month increase with cap 1.... gettting one after that isn;t so easy tho. _________________ Average FICO score: 709 56 Months of perfection! I'm bored
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Guest: fitz75 Posted: Wed Apr 26, 2006 10:44 am Cap 1 set me up with a pretty good credit line on the first card. They also keep sending me more invites for their lowes card and another platinum MC. I was debating grabbing another Cap 1 before I head off. I have 2 years in Korea and will be shooting for 3 years in Japan after that. [quote="Board Monitor"]Good idea! Let us know how that turns out for you.[/quote] Will definitely keep you guys updated
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Orchard vs. Bank of America Secured Visa Credit Card
Guest: femlove200 Post subject: Orchard vs. Bank of America Secured Visa Credit Card Posted: Tue Apr 25, 2006 11:48 pm Post subject: orchard or boa secured visa? which is better? -------------------------------------------------------------------------------- i've finally narrowed it down to two. which one do you think is the better secured visa? BOA has variable APR, currently Prime + 10.99% (I'm concerned about it being dramatically increased after a few months) Annual Fee $29 Orchard has 16.65% variable purchase APR (Prime Rate + 9.40% spread) Annual Fee $35 my scores are: TransUnion: 614 Experian: 643 Equifax: 621
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Guest: fire3000 Posted: Wed Apr 26, 2006 10:56 am I strongly recommend the BOA card. They are one of the largest card issurers of "prime" cards while Orchard is a "subprime" class card issurer. After 6 months or so of perfect payment history, BOA will probably convert the card to a regular unsecured card. If there is a BOA branch nearby, you can apply in person. BOA is generous with CLI and balance transfer offers. I now have 3 BOA cards and a BOA checking account.
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Wed Apr 26, 2006 11:18 am [quote="femlove200"]i've finally narrowed it down to two. which one do you think is the better secured visa? BOA has variable APR, currently Prime + 10.99% (I'm concerned about it being dramatically increased after a few months) Annual Fee $29 Orchard has 16.65% variable purchase APR (Prime Rate + 9.40% spread) Annual Fee $35 my scores are: TransUnion: 614 Experian: 643 Equifax: 621[/quote] I like the sound of that BOA card. Why would you worry about the rates more with them than orchard? WHy worry about the rates. Don't buy thing you can't affford. When you get better cards with nice BT offers then you can float some stuff when it makes sense. _________________ Average FICO score: 709 56 Months of perfection! I'm bored
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Cash Back on Gas Credit Cards
Guest: quiznut1 Credit Expert (100+ Posts) Post subject: Cash Back on Gas Credit CardsPosted: Wed Apr 26, 2006 10:56 am Just a reminder to everyone to continue to use their credit cards for cash back on gas, assuming you pay in full and on time each month. There are several gas cards, I use the Citi Dividend Platinum Select card, which has a 5% flat rate up to $300 in rebates or $6,000 in gas purchases per year. The Chase Cash Plus Rewards and Rewards Plus cards are also 5% cash back cards, with respective limits of $300 for cash plus and $750 for rewards plus ($600 in cash, $150 in gift cards, etc...) per year. AMEX Blue Cash is fine, but only offers 1% on gas purchases for the first $6,500 before the 5% kicks in, but it's good up to $50,000 in total purchases (not just gas purchases). Discover Platinum Gas Card is okay too, but it only offers the 5% rate up to $1,200 in gas purchases per year, or $60 in rebates. After that it goes to the normal cash back rate for everything, which is a pitiful .25 percent for the next $300 ($1,500 total), then .5% for the next $1,500 up to $3,000 total, then 1% for everything $3,000 and above. I would stay away frome this one. There are other cash back cards that offer higher cash back than 5%, but I have found all of these to be introductory rates, like Marathon's 10% for the first 60 days (then becomes 5%, and only for Marathon purchases), Speedway's 8% for the first 60 days (becomes 4% only on Speedway gas), Hess' 10% for the first 90 days (then 5% only on Hess gas). You get the point. Also, refer to the Loan and Tips forum for my tip to use your 5% cash back card for Speedway gift card purchases, where there is already a $2 discount up front on a $50 gift card, besides the 5% cash back for using your card. It's a savings of 8.8% ($50 - $2 = $48 - $2.40 = $45.60). Also at Speedway is the Speedy Rewards card, which is great for accumulating points for an additional discount. Spend $175 in gas there (1,750 points, 10 points per dollar) and earn an additional 10 cents off per gallon on your next fill. It'll come in handy this summer as gas prices continue to go up.
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Wed Apr 26, 2006 11:22 am I have the Discover and I am nearing in on the 1200.00 limit for that 5% back on gas. With that in mind I just received the citibank dividend select card you mentioned that should take me through most of the rest of the year. Citibank also has an amex divedend select with the same 5% deal that I may pick up just in case I spend more than I expect. Yes...I drive ALOT! I cant get the AMEX AMEX card becasue I am blacklisted FOREVER _________________ Average FICO score: 709 56 Months of perfection! I'm bored
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