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Why not close unwanted credit card accounts?
Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Post subject: Why not close unwanted credit card accounts?Posted: Mon Jun 12, 2006 1:05 am Quote: "cameron" http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/01/27/BU146130.DTL&type=business I keep hearing this mantra never close a card. In my opinion its overdone. While closing a card wont necessarily help your credit score, if you do it right it doesnt need to hurt it either. Some people dont like to have 50 credit cards, and would prefer to just close the ones they are done with, if nothing else for simplicity. Also, there is more to getting credit than a credit score. If you want to get a mortgage, they look at other factors than FICO (such as income, etc). I posted an article, food for thought... NOW YOU CAN ALSO BE DENIED CREDIT or A CLI FOR... "EXCESSIVE CLOSED TRADE LINES" JUST FOOD FOR THOUGHT............
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Guest: Brammy Posted: Mon Jun 12, 2006 6:56 am [quote="WellManicuredMan"]Also remember to charge something to each card at least every few months so that the bank doesn't close them from inactivity. The amount doesn't matter. I have a card I don't care to use anymore but I have automatic payments set up for one of my regular monthly bills so the account stays open and my credit history remains longer.[/quote] I have the same thing on a card that I plan to close in a year. The bill is for my VOIP telehone and less than 30 bucks but it causes them to report it every month with good payment.
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Guest: Brammy Posted: Mon Jun 12, 2006 6:59 am [quote="cameron"]http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/01/27/BU146130.DTL&type=business I keep hearing this mantra never close a card. In my opinion its overdone. While closing a card wont necessarily help your credit score, if you do it right it doesnt need to hurt it either. Some people dont like to have 50 credit cards, and would prefer to just close the ones they are done with, if nothing else for simplicity. Also, there is more to getting credit than a credit score. If you want to get a mortgage, they look at other factors than FICO (such as income, etc). I posted an article, food for thought...[/quote] I agree Cameron. My understanding is that too many open lines of unutlized credit will cause a lendor to give you a second look. Even though you are not using them currently, its available so they consider what would happen if you suddenly Maxed them all out. Could you still maintain payments on them? My understanding is that if you are going to close any, make sure it is not your oldest account and consider what effect closing said account will have on the average age of your credit.
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Will it hurt my FICO to close some of my credit card accounts?
Guest: AJ Post subject: Will it hurt my FICO to close some of my credit card accounts?Posted: Sun Jun 11, 2006 6:01 am I have 3 cards all above 10k with zero balances. I have recently paid them off. I am using cards that are less than 10k. Should I keep the 10k's open to show that I have them and can handle the limits, or will it hurt my score. 720
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Sun Jun 11, 2006 6:50 am Keep the cards for history and for Utilization. Closing could hurt your FICO. _________________ Avg FICO 738 2 reports full of perfection 1 report with 1 derog.
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Guest: WellManicuredMan Posted: Sun Jun 11, 2006 10:51 pm Also remember to charge something to each card at least every few months so that the bank doesn't close them from inactivity. The amount doesn't matter. I have a card I don't care to use anymore but I have automatic payments set up for one of my regular monthly bills so the account stays open and my credit history remains longer. _________________ Click to see what my silly name means: http://en.wikipedia.org/wiki/Well-Manicured_Man
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Sun Jun 11, 2006 11:27 pm Quote: "AJ" I have 3 cards all above 10k with zero balances. I have recently paid them off. I am using cards that are less than 10k. Should I keep the 10k's open to show that I have them and can handle the limits, or will it hurt my score. 720 CLOSING HURTS MORE THAN HELPS Use each card once or twice a years for $5 or $10 and PIF
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Guest: cameron Posted: Mon Jun 12, 2006 1:00 am http://www.sfgate.com/cgi-bin/article.cgi?file=/chronicle/archive/2002/01/27/BU146130.DTL&type=business I keep hearing this mantra never close a card. In my opinion its overdone. While closing a card wont necessarily help your credit score, if you do it right it doesnt need to hurt it either. Some people dont like to have 50 credit cards, and would prefer to just close the ones they are done with, if nothing else for simplicity. Also, there is more to getting credit than a credit score. If you want to get a mortgage, they look at other factors than FICO (such as income, etc). I posted an article, food for thought...
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Should I get another Citi Dividend card or a Discover credit card
Guest: quiznut1 Credit Expert (100+ Posts) Post subject: Should I get another Citi Dividend card or a Discover credit card?Posted: Thu Jun 08, 2006 3:21 pm Quote: Amex (Costco) -------I get this free from work so can't ditch this one. I have to use it for work purchases but can also use it for myself. 2% dining out. 3% travel. 1% everything else. (Amex True Earnings or something like that) Discover ---------My tried & true main card. Spend around $1,500/month with this one. Had it since '95! Citi Dividends --------Acquired a year or so ago as recommended by this forum. Been great. My only concern is the $300/yr max rebate. I need Mo-rebate, mo-rebate, mooooo rebate!!!! LOL!!! I can eat up $300 worth in half a year. (Between groceries & gas) Soooo........thinking along those lines, I was thinkin' about gettin' a Discover Gas Card That leaves me with 4 cards. Now, maybe I can just sock drawer the "regular" Discover card & just use it every once in a while??? Since I'll get 1% on all the "other" stuff with the Discover Gas Card, right???? TIA for any advice!!! I'm kicking myself for not chipping in my two cents sooner on this thread. Okay morebate, I like Ira's idea of getting a second Citi Dividend card. I see you did get approved for a Discover Gas card, that's cool. The only problem is, what are you going to do when you can't get 5% cash back anymore on groceries? Also, EasyRhino is right, Discover pretty much sucks when it comes to general cashback. I mean, .25% on all your other purchases up to $1,500, .5% on everything up to $3,000, THEN you'll get your 1%? I think that's rather pathetic to be honest. You can do better. EasyRhino suggested the Bank of America Power Rewards. I give this one top props, as I'll be applying for it in about a month. It's 1 point per dollar spent, and 50,000 points earns a $1,000 statement credit, which is 2% cash back. No tiers, and no limits for how many points you can earn. The points expire in 5 years, but refer to This Thread for my info on how to beat that system by buying Power Reward points so you can get to 50,000 points quicker and redeem faster. You say you spend $1,500 on your Discover each month, so reaching 50,000 points shouldn't be too hard if you used a Power Rewards card in its place. You can even redeem 30,000 points for a $450 statement credit with this card, which is 1.5% cash back. It's up to you. So to sum up, I would keep your AMEX Costco, then have 2 Citi Dividends, as it would cover your gas and groceries for $12,000 in purchases ($600 limit combined). I assume you would only use the Citi for 5% purchases. Then I would get the BOA Power Rewards, one of only a few 2% FLAT cashback cards if you spend $50,000 in 5 years, which shouldn't be a problem. Hope this helps. P.S. Hess card --> No limit on rebates Citi Driver's Edge -->$1,000 per year, but in addition to the 6%, you also receive rebates for your driving per year, $1 for every 100 miles, which could add up as well.
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Guest: morebate Posted: Thu Jun 08, 2006 3:44 pm quiznut, Hey, no worries!! Thanks for your .02 sooner/later, don't matter to me!! Just glad to have it!! Ya, I agree on the Discover thing. (thus my comment about the old "Private Issue" days.......I miss 'em!) Anyway........ As for the Discover Gas Card, ya.....I'll probably just keep an eye on it (should be about 4 months to reach max) then I'll just sock-drawer it & keep it handy for potential use after the anniversary year is up. Now......I think both the BofA & Driver's Edge are potentials, but I *think* I'd prefer the Driver's Edge if only because the BofA is a waiting game. Diversifying my card lineup would probably hamper my spending potential on such a card so I might end up waiting the whole 5 years to get the $1,000 statement credit. Granted it's awesome, but I like the sound of the Driver's Edge. $1,000 rebate limit sounds like it would suffice for me!!! Then my wife could use the Citi Dividends. (She's got her own, but I'm assuming since they're both the same acct #, I'm still stuck at $300 max.). NOW........QUESTION.......how the heck does the "driving" rebate work?? $1/100 miles?? How is that tracked?? Thanks a ton, again!! ~ Red!
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Guest: morebate Posted: Fri Jun 09, 2006 12:14 pm OK.........Time's up!!! Let's hear it!!!!
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Guest: quiznut1 Credit Expert (100+ Posts) Posted: Fri Jun 09, 2006 10:36 pm Quote: OK.........Time's up!!! Let's hear it!!!! Sorry morebate, here's from Citi's website, aka, copy and paste: You can earn $0.01 in Drive Rebates for each mile you drive on the vehicle you registered on your enrollment form. The vehicle must be a car, van, light truck, motorcycle or sports utility vehicle that is used primarily for personal, family or household purposes. You may register only one vehicle, and only the miles driven on that vehicle after you enroll are eligible to earn Drive Rebates. To earn Drive Rebates for the miles you drive, you must send us a miles submission form after you have had services performed on your vehicle. You must include with your miles submission form a copy of the detailed invoice of services that legibly indicates the odometer reading on your vehicle as of the date of service. You must send us your miles submission form and invoice of services at the address indicated on the form within 90 days of the date the services are performed. The number of miles eligible to earn Drive Rebates will be equal to the mileage reflected on the invoice of services that accompanied your miles submission form less the mileage indicated on your enrollment form, or if you have previously submitted miles to us, the mileage reflected on the invoice of services that accompanied your most recent miles submission form. To request a miles submission form, call customer service at 1-800-967-8500 or log onto our website at www.redemptions.driversedge.citicards.com. You can earn up to $500 in Drive Rebates during any consecutive 12 months based upon the date you became a Driver's Edge Options cardmember. However, the total amount of rebates you can earn under the Driver's Edge Rebate Program (including those earned under this Drive Rebates feature) cannot exceed the Driver's Edge Rebate Program yearly rebate limit of $1,000. The date we receive your miles submission form is the date we use for determining whether the miles you submitted are eligible to earn Drive Rebates for purposes of the yearly rebate limit. Drive Rebates may not appear on your billing statement until one or two billing cycles after we receive your miles submission form. Hope this helps.
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Guest: morebate Posted: Mon Jun 12, 2006 1:32 pm Anybody else's input??? Citi Driver's Edge is good for one year, so I'd have to revisit the whole "What to do about a long-term gas card" thing again then!! Maybe there's no other way to do it than just rotating 5% gas cards??? Citi Dividend, then Discover Gas, then Card "X"???
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Rebates with CitiCard Platinum Plus Credit Card
Guest: Ira SENIOR MEMBER (Member for 2 yrs.+) Post subject: Rebates with CitiCard Platinum Plus Credit Card Posted: Tue Jun 06, 2006 11:58 pm My Significant Other has TWO CitiCard Platinum Plus cards, each of which gives her $300.00/year in rebates on gas, groceries, drugs, etc. They sent her a second application and she innocently filled it out and lo and behold, here comes the second card! I didn't know that was possible, but she's living proof that it is. Chase Platinum card has virtually the same offer. 5% rebates on gas groceries and a $300.00 annual limit. I also have several brand specific gas cards that give 5% with no annual limit. My favorite is the Hess card from Chase which gives a whopping 10% rebate for the first 90 days! _________________ Do not let what you cannot do interfere with what you can do. Ira
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Guest: bullet875 Credit Expert (100+ Posts) Posted: Wed Jun 07, 2006 5:43 am If you are in the Northeast down through North Carolina or have Wawa stores near you (I think that most are in the Northeast which is why I said Northeast), (I see you are in NJ also Ira), you can get the Wawa Chase card that also gives you 10% back for the first 90 days. You can also use that for gas and they tend to have some of the cheapest gas around. Then it goes down to 4% for wawa purchases, but that still isn't too bad...better than 1%. And, for the first 90 days you also get 2% cash back on everything else. I wish I could keep this deal going permanently! lol Granted, you get your rebate in Wawa certificates, but if you buy lunch there on occasion or like their coffee it's a great deal. My kids can blow through a 25 dollar certificate in one visit!
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Guest: Board Monitor Board Monitor/ Administrator Posted: Wed Jun 07, 2006 8:28 am Quote: My Significant Other has TWO CitiCard Platinum Plus cards, each of which gives her $300.00/year in rebates on gas, groceries, drugs, etc. Wow! Didn't know this was possible either. Interesting Ira. _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews Sign up for our free monthly e-mail newsletter!
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Guest: morebate Posted: Wed Jun 07, 2006 8:20 pm Thanks for the great replies gang, I really appreciate it!!!!!! As for my location, I'm in Southern California, so "Wawa" is totally foreign to me....LOL!!! I'm wondering about that Hess card. I'd kinda' like to have one with no limit which would be nice for peace of mind. Otherwise, I could go for something like the Chase card, but then I'd have to be constantly rotating gas cards every 4 months or so. Not entirely frustrating, but certainly more card-management than I'd like to do. NOW FOR THE CARDS..............(I noticed 3 that stood out)....... The "Starbucks" card....(since my wife loves Starbucks). The cardratings.com "featured" card area shows 5% on gas, but I can't see anything about that in the app itself. Anybody know if it is/isn't?? Any max per year??? The Citi-Driver's Edge card........ Looks like 6% for 12 months, then 3% thereafter. Heck, I'd use it for 12 months, then cut it up!!! Anybody know the limit on this one?? Last is HESS!!! Yeehawww!! Looks great......BUT........Who's HESS??? (LOL!) I'm in So Cal. Is HESS afiliated with any gas stations out here??? Also.......any limit on the HESS card?? TIA!!
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Guest: morebate Posted: Thu Jun 08, 2006 12:44 pm OK, well I researched HESS & it looks like there are no affiliates in California, so HESS would be out for me. Anybody on the other two per my questions above??? Starbucks card?? or Citi Driver's Edge?? Again.....looking for something to either "supplement" or possibly replace having to use Discover Gas Card for 4 months, then sock drawer it & use Citi Dividends for 4 months, then use "supplement" card-x & then start the process over again & repeat! TIA....again!
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How many credit cards should I carry?
Guest: EasyRhino Post subject: How many credit cards should I carry?Posted: Sat Jun 03, 2006 12:32 pm Here is what we know about you: You like costco. You don't like Sam's. You spend at least $600 a year on gas and groceries. You spend about $18,000 a year on non-business purchases. You need to keep the Costco Amex card. I'm assuming you don't usually carry balances (because APRs suddenly become more important than any cash back) Well, the Costco Amex card seems like a good one, so it's handy that you have to carry it. Discover Gas should probably replace your regular Discover completely. (However, if you were ever going to drop a card, I'd drop Discover first, because a) a few places don't accept it, and b) you don't get a full 1% back on your initial spending each year.) I'd recommend shifting your main spending to a card that gets you at least a full 1% on your initial spending, reserving a Discover gas card for just gas. So... if you bought your gas on Discover (up to $6k a year), then bought groceries and everything else, on the Citi Dividend card... would you still max out on the $300/yr bonus? If so, you may want to consider a general purpose card with fewer or no spending limits, like an Amex Blue Cash, MBNA Fidelity card (if you have or want a Fidelity account), or the BofA Power Rewards (2% cashback when you redeem $50,000 of spending at once)
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Guest: morebate Posted: Mon Jun 05, 2006 9:51 pm Thanks Rhino!! Sorry, I forgot about this thread momentarily........(well, more like a few days).......... I'm thinkin' along the same lines!! I don't think I'll go over on the "grocery" side so long as I leave the Citi card *strictly* for groceries. When we travel or eat out, we use the Amex card 'cuz it gives 3% & 2% respectively for that. Then we could also always use it for a regular 1% on other stuff too, I suppose. But since the Amex reward is tied every February to your statement & HAS to be used at Costco (even if you only just cash it out) I'd say I'll probably use either of the 2 Discover cards for the regular 1% stuff. Then, I'd just need to make exceptions with the wife so we understand that there'd be rules like..........Discover is *not* to be used at Wal Mart. Any other places that give less than 1% from Discover???? (Might make a little list just to be safe). And you are correct..............we do not carry balances. Every once in a blue moon we'll be late on a payment but I can usually call & get the fees erased, but if I don't the sting is enough of a blow to my ego to make me not do it again for several years........ And, yes........I squeak when I walk.........LOL!!!!!!
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Guest: morebate Posted: Tue Jun 06, 2006 6:07 pm OK, I'm an idiot!!! I just realized that I'm gonna come up short on the Discover Gas Card. Only the first $1,200 are at 5% rebate, then the balance is appropriate to whatever my "other" purchases are.........25% first $1,500, then .50% next $1,500, then 1% thereafter! Grrrrrrrrrrrr!!! So NOW what do I do??? $1,200 worth of gas is about 4 months for me. That leaves another 8 months in the calendar year. If I leave the Citi Dividends card for groceries, I may have a little bit left to use for gas to get to the $300 max rebate per year, but not much. Also........looks like I *might* be best off using my Amex card MINIMUM 1%!!! Man.......I remember when I had Discover "Private Issue" in the 90's and used to get 2% on everything. Discover's kinda' pissin' me off now!!! Any other card suggestions???? TIA
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Guest: EasyRhino Posted: Tue Jun 06, 2006 9:45 pm Yep, that initial spending thing will cost you... a few bucks. Using Discover Gas just for gas, Citi for Gas and groceries, then Amex for everything else wouldn't be horrible. Or you could increase your rotation with yet another gas card. Or, you know, good ol' BofA Power Rewards.
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Should I close any of my credit card accounts?
Guest: morebate Post subject: Should I close any of my credit card accounts?Posted: Thu Jun 01, 2006 7:08 pm Well, I already applied just now for the Discover Gas Card! (Yippee?) LOL!! By "ditch" I mean to "sock drawer" it. I wouldn't close any. I don't think 4's too many.......I just couldn't carry it in my wallet anymore which would render it pretty much useless except for the occasional ProFlowers order or whatever. Then, I'd probalby go with the citi "Dividends" card or the "Amex" card when I could 'cuz they're still 1% just like the Discover would have been. Plus, now that I have the Discover Gas Card, I'll have much more room to that $300 max on the Citi Dividends card so the $300 max won't be a concern anymore like it was when I used it for both Gas *and* Groceries! P.S. Hey mouse........which card only does 0.25% at Walmart??? (I don't use Sam's. I'm a Costco guy)
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Thu Jun 01, 2006 8:47 pm Quote: "morebate" Well, I already applied just now for the Discover Gas Card! (Yippee?) LOL!! By "ditch" I mean to "sock drawer" it. I wouldn't close any. I don't think 4's too many.......I just couldn't carry it in my wallet anymore which would render it pretty much useless except for the occasional ProFlowers order or whatever. Then, I'd probalby go with the citi "Dividends" card or the "Amex" card when I could 'cuz they're still 1% just like the Discover would have been. Plus, now that I have the Discover Gas Card, I'll have much more room to that $300 max on the Citi Dividends card so the $300 max won't be a concern anymore like it was when I used it for both Gas *and* Groceries! P.S. Hey mouse........which card only does 0.25% at Walmart??? (I don't use Sam's. I'm a Costco guy) As far as I know...ALL DISCOVER CARDS (except the ones by GE MONEY BANK)
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Guest: jlrdc909 Credit Expert (100+ Posts) Posted: Fri Jun 02, 2006 6:36 am 4 is by no means "too many", probably "too few", All of your cards that you listed are NO annual fee, so you are not paying for carrying these cards. The cards that you listed are good ones, I always love that Discover and would not part from it to save my life
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Guest: db619196 Posted: Fri Jun 02, 2006 9:43 am I know that it is hard on the wallet to carry a lot of cards at once. I personally keep 2 cards at home, and about 7 in my wallet. The ones at home are the ones I only use occasionally, and which give me no rewards. I still pull them out to use them every so often to keep them active. I would suggest carrying the cards that get you rewards and the one with the lowest APR, if you carry a balance. This way, you always get the maximum money back. I would be upset at myself if I rarely ate out, but the time I did, my restaurant rewards card was at home. I carry all the cards I need on a regular basis, or ones that I may need occasionally even for rewards. David
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Which credit card should I cancel?
Guest: morebate Post subject: Which credit card should I cancel?Posted: Thu Jun 01, 2006 4:51 pm Amex (Costco) -------I get this free from work so can't ditch this one. I have to use it for work purchases but can also use it for myself. 2% dining out. 3% travel. 1% everything else. (Amex True Earnings or something like that) Discover ---------My tried & true main card. Spend around $1,500/month with this one. Had it since '95! Citi Dividends --------Acquired a year or so ago as recommended by this forum. Been great. My only concern is the $300/yr max rebate. I need Mo-rebate, mo-rebate, mooooo rebate!!!! LOL!!! I can eat up $300 worth in half a year. (Between groceries & gas) Soooo........thinking along those lines, I was thinkin' about gettin' a Discover Gas Card That leaves me with 4 cards. Now, maybe I can just sock drawer the "regular" Discover card & just use it every once in a while??? Since I'll get 1% on all the "other" stuff with the Discover Gas Card, right???? TIA for any advice!!!
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Thu Jun 01, 2006 5:16 pm HUHHH??? Why do you have to get rid of any????? I think you don't have enough
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Guest: morebate Posted: Thu Jun 01, 2006 5:23 pm [quote="mouse"]HUHHH??? Why do you have to get rid of any????? I think you don't have enough[/quote] Ahhhh......now if only I could find something to put in my other back pocket to keep me from tilting over into the passenger seat because of so many cards in there!! LMAO!!!!! Hey.......wait a sec..........I'll just put it in my "right, back pocket" so that way I'll just be pinned against the driver's side window. Ya, that's it!! That's the ticket!!! But seriously..............I figure since my regular Discover card doesn't give me any more than 1% on "all other stuff" and since the Discover Gas Card does that too, I guess I'll just leave the regular Discover Card at home for "occasional" purchases. Does that make sense??? P.S. -----------> I should also say, too, have an MBNA Green Bay Packer's VISA due to my wife's obsession with Bret Favre! That card is sock-drawered, but will stay active come ***** or high water 'cuz......well......it's "The Pack!"
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Thu Jun 01, 2006 6:29 pm "IF" you MUST dump a card try DISCOVER "IF" you use it at WALMART/SAMS you only get 0.25% MAX Try getting a WALMART DISCOVER or SAMS DISCOVER (GE MONEY BANK) HIGHER PAY-OUT FOR WALMART/SAMS
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Guest: girlie Posted: Thu Jun 01, 2006 6:30 pm So by "ditch" do you mean leave the card at home and not carry it around for regular use or close the account?
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Guest: Kajjers Posted: Thu Jun 01, 2006 6:58 pm [quote="morebate"]Amex (Costco) -------I get this free from work so can't ditch this one. I have to use it for work purchases but can also use it for myself. 2% dining out. 3% travel. 1% everything else. (Amex True Earnings or something like that) Discover ---------My tried & true main card. Spend around $1,500/month with this one. Had it since '95! Citi Dividends --------Acquired a year or so ago as recommended by this forum. Been great. My only concern is the $300/yr max rebate. I need Mo-rebate, mo-rebate, mooooo rebate!!!! LOL!!! I can eat up $300 worth in half a year. (Between groceries & gas) Soooo........thinking along those lines, I was thinkin' about gettin' a Discover Gas Card That leaves me with 4 cards. Now, maybe I can just sock drawer the "regular" Discover card & just use it every once in a while??? Since I'll get 1% on all the "other" stuff with the Discover Gas Card, right???? TIA for any advice!!![/quote] Don't get rid of any of them. If anything you need more cards in case one or more card issuers decide to ratejack you for any reason
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Juniper Bank Credit Cards Now Barclays Bank
Guest: davidfronue Posted: Sat Jun 10, 2006 2:08 pm Post subject: Juniper Bank Credit Cards Now Barclays Bank Maybe you guys heard about it but here I what I find out I checked my report and in stead of juniper it showed BARCLAYS BANK I though wtf than even on the inquiry page it changed from juniper to barclays which I think its funny that it can do that oh and by the way my mbna inquiry changed to BOA MNBA lol so I went to google to see what was that about and they are saying that barclays bank had bought out juniper maybe we get higher credit limit I KNOW YOU WOULD LIKE THAT TOM lol thats it from me
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Sat Jun 10, 2006 2:33 pm [quote="davidfronue"]Maybe you guys heard about it but here I what I find out I checked my report and in stead of juniper it showed BARCLAYS BANK I though wtf than even on the inquiry page it changed from juniper to barclays which I think its funny that it can do that oh and by the way my mbna inquiry changed to BOA MNBA lol so I went to google to see what was that about and they are saying that barclays bank had bought out juniper maybe we get higher credit limit I KNOW YOU WOULD LIKE THAT TOM lol thats it from me[/quote] Barclays bought Junny a while ago. I hope they rebrand. AND GIVE BETTER LIMITS _________________ Avg FICO 738 2 reports full of perfection 1 report with 1 derog.
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Guest: davidfronue Posted: Sat Jun 10, 2006 4:18 pm hey Tom I see your avg fico went up Congrats but what up with that one derag why cant you get that removed
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Guest: TomfromCT Credit Expert (100+ Posts) Posted: Sun Jun 11, 2006 7:32 am [quote="davidfronue"]hey Tom I see your avg fico went up Congrats but what up with that one derag why cant you get that removed[/quote] All things in time. _________________ Avg FICO 738 2 reports full of perfection 1 report with 1 derog.
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Guest: jlrdc909 Credit Expert (100+ Posts) Posted: Mon Jun 12, 2006 6:47 am So far, I have had no problems with Juniper, I have had them over a year, interest rate is good, and limit is $5000.00, with the smaller limits they give they are in the running with Capital One. But I have not had a problem with them (yet)
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Jun 12, 2006 9:23 am JUNIPER DENIED X 3
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Guest: Board Monitor Board Monitor/ Administrator Posted: Mon Jun 12, 2006 4:06 pm jlrdc909- Greetings! Just a quick note to let you know that you account has been ugraded to "credit expert" status. Please brag to your family and friends regarding your new-found fame and thanks for supporting our board community... _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews Sign up for our free monthly e-mail newsletter!
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Washington Mutual Credit Card for Poor Credit Consumers?
Guest: creditnewbie Credit Expert (100+ Posts) Post subject: Washington Mutual Credit Card for Poor Credit Consumers?Posted: Sat Jun 10, 2006 8:08 pm Guys, I don't want to burst your bubble, but Washington Mutual customers tend to have very low income. They open accounts because they are free. EVERY single check that was given to me in my store that bounced was from a Washington Mutual due to NSF. So when customers pull out a WaMu debit or credit cards, I know they either have no money or they have bad credit. I get surprised if the transaction doesn't decline. They always decline if the charge is large which meant their limits were too low. I'm in south florida and the WaMu customers I had lived in low income zip codes, so I don't know if my observation applies to people in other regions. For me, the name WaMu is a turn off.
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Guest: Brammy Posted: Sat Jun 10, 2006 9:45 pm Actually with 0% Bt for one year and a lower rate than CITI I don't see what the banks customer has to do with the card. We are not discussing free checking here. Wachovia also has free checking and it doesn't matter to me if every other customer they have are bouncing checks all over town. I only care that I no longer pay 8 dollars a month to access my own money. That's 96 dollars a year for nothing. What makes you assume that people who have WaMu credit cards have bad credit. That's a generalized assumption based on a limited area. I deal with people who have credit cards all over the country and see people with Discover and Amex declined constantly for a 20 plus dollar purchase and continue to pull card numbers out of the air one decline after another. Maybe its just YOUR area. I don't think its fair to cast disparagements on a bank or a group of people based on limited experience. Besides, what do the customers have to do with the bank service? BTW, the last time someone had to call in on a transaction I made was because I charged more than was normal for my card usage.
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Guest: Brammy Posted: Sat Jun 10, 2006 9:51 pm [quote="jojo"]Brammy:what is ur Wamu card's credit limit? [/quote] Not nearly as much as leezee's. I got 2500 but that's great considering i filed BK 5 yrs ago. No credit cards involved in that BK though nor personal loans so maybe that's why my scores were still low 600s after filing.
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Guest: jlrdc909 Credit Expert (100+ Posts) Posted: Mon Jun 12, 2006 6:58 am I have a WAMU Mastercard, this was bought out from Providian, I had the card since 1999. At the time I took the card out, my credit was fine, I received a mailing for the platinum card. My current limit is $16500.00, however the interest is not that great, but I always PIF each month. With Providian, I got an increase of nearly $2000-$4000.00 a year, since WAMU has taken over, I have not received any increase, but I dont spend that much on it anyways. Customer Service I cant rate, as I never call them for anything.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Jun 12, 2006 10:13 am Quote: "creditnewbie" Guys, I don't want to burst your bubble, but Washington Mutual customers tend to have very low income. They open accounts because they are free. EVERY single check that was given to me in my store that bounced was from a Washington Mutual due to NSF. So when customers pull out a WaMu debit or credit cards, I know they either have no money or they have bad credit. I get surprised if the transaction doesn't decline. They always decline if the charge is large which meant their limits were too low. I'm in south florida and the WaMu customers I had lived in low income zip codes, so I don't know if my observation applies to people in other regions. For me, the name WaMu is a turn off. NOT ALWAYS!!! MOM & DAD had HOME SAVINGS & AMERICAN SAVINGS that were bought AHMANSON AHMANSON WAS BOUGHT BY WASHINGTON MUTUAL CALIFORNIA $500,000+ HOUSE IS POOR??? (well not a MILLION DOLLARS+++...but we are not eating dog food either)
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Guest: Board Monitor Board Monitor/ Administrator Posted: Mon Jun 12, 2006 3:58 pm Quote: (well not a MILLION DOLLARS+++...but we are not eating dog food either) Lol! You could probably afford high end cat food (Fancy Feast or something)! _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews Sign up for our free monthly e-mail newsletter!
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Jun 12, 2006 4:48 pm I do have to eat McDONALDS value menu items for HOUSE #2 Not worth as much But I have made $150,000+ by doing next to nothing to it
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Washington Mutual Bank Credit Card
Guest: jojo Post subject: Washington Mutual Bank Credit CardPosted: Sat Jun 10, 2006 2:45 am how is it?hard to apply? thx
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Guest: Brammy Posted: Sat Jun 10, 2006 8:31 am I just got an invite for that platinum card and based on my socres (not sure what they are but I know I filed BK five yrs ago and have several hard hits due to a move although paid as agreed on all accounts since) I was approved. Maybe it was because I had a Providian in good standing years ago. Not complaining with 0% on BTs for a year and a better interest rate than Chase or the Citi I was declined for. Thats the only thing I will use it for. I know that without the invite, you have to go into a branch because I found no way to apply online otherwise.
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Guest: Brammy Posted: Sat Jun 10, 2006 11:25 am I know this makes no sense but BTW just got my WaMu card and it is the most interesting card I've ever seen. Completely transparent. Makes you want to use it just to see other peoples reactions Not til I pay off my BT's though.
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Guest: leezee3 Posted: Sat Jun 10, 2006 12:40 pm Actually I just got approved for the Wamu card with limit of $ 4500. I have a very limited history. Just starting. This was the first card I applied for. I agree the card looks cool. 0% APR on purchase till July 2007. Lets you check your FICO anytime, free
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Guest: jojo Posted: Sat Jun 10, 2006 6:28 pm Brammy:what is ur Wamu card's credit limit?
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Discover Business Credit Card
Guest: stevejk Credit Expert (100+ Posts) Post subject: Discover Business Credit CardPosted: Sat Jun 10, 2006 6:02 pm I ran across the Discover Business Card website by accident. I don't recall seeing it mentioned before on the forum, so I thought I'd throw it out there. The card pays 5% cash back on office supply purchases, 2% cash back on gasoline purchases, and up to 1% cash back on all other purchases. The fine print: Quote: Each year, earn a full 5% on your first $2,000 in office supply purchases and a full 2% on your first $2,000 in gas purchases. In addition, earn a full 1% on other purchases in excess of $5,000; your first $5,000 in other purchases earns .25%. Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn Cashback Bonus at the same rate as other purchases. The interesting thing about this card is that it also features "fee-free PurchaseChecks that earn Cashback Bonus and come with the same rate and payment grace period as your Card." This card is not for me, but something to consider if one w/o an actual real business can get approved for it.
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Guest: tonygoldston Credit Expert (100+ Posts) Posted: Sat Jun 10, 2006 8:39 pm Great post stevejk, this is from the link you supplied and then click on info about the purchase checks PurchaseChecks Give Your Account Extra Flexibility * Pay bills or suppliers (excluding rent/mortgage and payroll) that don't accept credit cards * Get the same competitive rate and payment grace period as your Card * Earn Cashback Bonus on every check No other business checks are as valuable as your PurchaseChecks. Free to use. Easy to reorder. Put us to work for you and use Discover PurchaseChecks to pay for your business expenses, with the same benefits as your Card. Cashback Bonus on fee free checks HOW DO I SIGN UP??? (I know click the link tony
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Guest: Board Monitor Board Monitor/ Administrator Posted: Mon Jun 12, 2006 4:13 pm The purchase check benefit is definitely unique and appealing. I wish my other business cards offered this. Heck, I wish all my cards offered this! _________________ Regards, Curtis Arnold Board Monitor http://www.CardRatings.com 20K+ Credit Card Reviews Sign up for our free monthly e-mail newsletter!
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Guest: maddybeagle Credit Expert (100+ Posts) Posted: Mon Jun 12, 2006 5:39 pm I have been looking at this card but am curious how long these purchase checks will last (seems ripe for abuse...)
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Guest: AJK1535 Posted: Mon Jun 12, 2006 7:38 pm I guess the one thing I noticed on the A&D page was the 2% fee if you use a check to pay someone who takes Discover. That's where they'll make the money. The APR looks pretty competititive though at P+5.24 as we all know you can negotiate lower.
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Jun 12, 2006 8:14 pm Quote: "AJK1535" I guess the one thing I noticed on the A&D page was the 2% fee if you use a check to pay someone who takes Discover. That's where they'll make the money. The APR looks pretty competititive though at P+5.24 as we all know you can negotiate lower. SINCE WHEN???
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Guest: mouse SENIOR MEMBER (Member for 2 yrs.+) Posted: Mon Jun 12, 2006 8:16 pm Quote: "stevejk" I ran across the Discover Business Card website by accident. I don't recall seeing it mentioned before on the forum, so I thought I'd throw it out there. The card pays 5% cash back on office supply purchases, 2% cash back on gasoline purchases, and up to 1% cash back on all other purchases. The fine print: Quote: Each year, earn a full 5% on your first $2,000 in office supply purchases and a full 2% on your first $2,000 in gas purchases. In addition, earn a full 1% on other purchases in excess of $5,000; your first $5,000 in other purchases earns .25%. Office supply purchases in excess of $2,000 and gas purchases in excess of $2,000 earn Cashback Bonus at the same rate as other purchases. The interesting thing about this card is that it also features "fee-free PurchaseChecks that earn Cashback Bonus and come with the same rate and payment grace period as your Card." This card is not for me, but something to consider if one w/o an actual real business can get approved for it. SAW IT WHEN I WENT TO CHECK MY DISCOVERCARD ACCOUNT BALANCE
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