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Message
re: Credit Card Rewards and Points Discussion
Posted on 2/17/16 at 8:38 am to AmeriKop45
Posted on 2/17/16 at 8:38 am to AmeriKop45
quote:
Chase finally sent me referrals for the higher bonus on sapphire Classic
Higher than the 50k?
1
Posted on 2/17/16 at 8:41 am to cmlsu
My wife and I got those luxury cars offers a few weeks back.
They really are ridiculous
They really are ridiculous
Posted on 2/17/16 at 9:15 am to GenesChin
quote:
Higher than the 50k?
No. I had 40K ones until now so didn't send them to a couple people who asked for them. Yesterday, they sent me referrals for the 50K ones
This post was edited on 2/17/16 at 9:16 am
Posted on 2/17/16 at 9:22 am to AmeriKop45
Never overpay? So don't pay off your balance in full each month?
Posted on 2/17/16 at 9:25 am to Drew Orleans
quote:
Never overpay? So don't pay off your balance in full each month?
Always pay balance in full each month and avoid the interest or this game is not worth it. I don't know what post you're replying to but they're probably referring to things such as paying more than your balance owed in a month, etc.
Posted on 2/17/16 at 9:32 am to Drew Orleans
quote:
Never overpay?
Pay the statement balance off in full.
Posted on 2/17/16 at 9:39 am to Drew Orleans
quote:
Never overpay?
Pay more than owed that will put your balance in "negative."
quote:
So don't pay off your balance in full each month
Always pay off your balance in full each month before billing cycle end date (not due date).
Posted on 2/17/16 at 10:04 am to AmeriKop45
What's the rationale for paying before the cycle date? Lower utilization reported to bureaus?
Posted on 2/17/16 at 10:10 am to txtiger79
quote:
What's the rationale for paying before the cycle date? Lower utilization reported to bureaus?
To keep an optimal credit score at any given time you need to keep utilization between 1-10%. If that requires paying certain bills before the cycle date, then so be it, but actually paying before the cycle date isn't necessary if you fall within that range.
I honestly don't worry about paying before a cycle date unless I know I have an App o rama in the next month.
Posted on 2/17/16 at 10:14 am to LSUAfro
ok thanks!
Posted on 2/17/16 at 10:18 am to txtiger79
txtiger and LSUAfro:
You don't want multiple LOC with balances on them. If you go on myFICO you will see how much of a difference it makes if you have 0-1 balances reported compared to 1-4. 1 is fine. You don't want more than 1 card to report a balance on it (for optimal performance).
You have to understand - when most people think/talk of credit cards and leaving balances on them, utilization etc., they are typically talking about 1-2 credit cards. In that case, it hardly makes a difference. But when you have 20+ cards, the dynamics change a little. Imo, your credit becomes more volatile, which is counter-intuitive to the utilization logic.
You don't want multiple LOC with balances on them. If you go on myFICO you will see how much of a difference it makes if you have 0-1 balances reported compared to 1-4. 1 is fine. You don't want more than 1 card to report a balance on it (for optimal performance).
You have to understand - when most people think/talk of credit cards and leaving balances on them, utilization etc., they are typically talking about 1-2 credit cards. In that case, it hardly makes a difference. But when you have 20+ cards, the dynamics change a little. Imo, your credit becomes more volatile, which is counter-intuitive to the utilization logic.
This post was edited on 2/17/16 at 10:23 am
Posted on 2/17/16 at 10:30 am to AmeriKop45
How do I post an image that will show up right on here instead of linking it to imgur?
Posted on 2/17/16 at 10:32 am to AmeriKop45
Applied for 60k Chase Ink Plus for my wife on Feb 14 due to the changes coming in.
Status line says its approved.
Status line says its approved.
This post was edited on 2/17/16 at 10:33 am
Posted on 2/17/16 at 10:34 am to AmeriKop45
quote:
How do I post an image that will show up right on here instead of linking it to imgur?
Upload to IMGUR
Then go to the image on IMGUR and copy the "DIRECT LINK" link
On Tigerdroppings, Hit the "img" button next to the text box for posting. Past in the link and Submit.
This post was edited on 2/17/16 at 10:35 am
Posted on 2/17/16 at 10:47 am to Teddy Ruxpin
Teddy,
did you just use the online ink app? I have legitimate rentals and need one for the wife.
did you just use the online ink app? I have legitimate rentals and need one for the wife.
Posted on 2/17/16 at 10:51 am to nolaks
This post was edited on 2/17/16 at 10:52 am
Posted on 2/17/16 at 10:53 am to nolaks
quote:
did you just use the online ink app? I have legitimate rentals and need one for the wife.
Ya, just an online app.
You shouldn't have anything to worry about it if you have a legitimate business. If you don't get instant approval, just wait it out. Be patient at this point in the process, and they will probably approve it.
Call in once you get a rejection if that happens, since at that point you have nothing to lose. But also, since you have a business, I'd almost guarantee they will reverse and approve.
If its your wife's business, make sure she makes the call and doesn't get all squeamish on you and make you do it. I feel like that makes you look illegitimate.
This post was edited on 2/17/16 at 10:55 am
Posted on 2/17/16 at 10:59 am to AmeriKop45
Well...to be fair, we're probably talking about < 10 point difference(8 cards or less) for those with excellent credit which is essentially inconsequential. Good to know I suppose.
Posted on 2/17/16 at 11:00 am to Teddy Ruxpin
For Very Good/Excellent Credit - almost always good to have 0% util.
This post was edited on 2/17/16 at 11:01 am
Posted on 2/17/16 at 11:03 am to LSUAfro
quote:
Well...to be fair, we're probably talking about < 10 point difference(8 cards or less) for those with excellent credit which is essentially inconsequential.
You're right about that. But then again - for a thick file with excellent credit, except baddies, there is little that is going to be consequential anyway. I'm talking more about the tip of the bell curve.
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