re: Credit Card Rewards and Points Discussion

By "counter-intuitive" I meant that you would think many credit cards = higher denominator on util. Which should be good as long as you are in the 1-9% range. But like you said, if you have too many LOCs reporting balances, even though the util makes up 1-9%, your score will suffer.

Again - this is true for people will multiple (8-10+) cards. For people with the usual 1-3 cards, it is pretty straightforward

I was just adding that credit utilization category factors in both individual account utilization + overall utilization. Lot of people don't realize that. Combine that with non $0 balances and you could have an unexpected dip on an otherwise stellar report

quote:

---

You eliminated the part right before that where I said "thick file" :) I wouldn't say 3 years is "thick" per say

---

That was for Afro who was talking about how this could be inconsequential. Depending on your history and if you are churning to lower your average age, it isn't as inconsequential as it seems

What's yall's latest experience with Chase co-branded cards? I applied on Feb 1 for a personal UA Explorer. I already have 4 cards with chase, but no prior apps with them in probably a year (several with others though obviously). 2 of my cards are personal, 2 are business on a legit business EIN. I got a pending response. When I dial into the automated system, it says to expect a written response in 2 weeks. The thing is that I have a lot of credit extended from my existing chase cards (Over $100k, with roughly 80% on the biz cards). Does biz card credit on a biz EIN count against the total amount of credit chase would want to extend? I'm tempted to call in and see if they need to reallocate dollars to push the approval through.

Thanks dude,

I was feeling pretty blue with no one celebrating my timely haul

quote:

---

I was feeling pretty blue with no one celebrating my timely haul

---

Well I'm still getting the 2 week response from Chase about my INk card, so I'm a little anxious to hear.

quote:

---

The thing is that I have a lot of credit extended from my existing chase cards (Over $100k, with roughly 80% on the biz cards). Does biz card credit on a biz EIN count against the total amount of credit chase would want to extend? I'm tempted to call in and see if they need to reallocate dollars to push the approval through.

---

I'm in the same boat right now, and can't answer that question definitively. I want to say business EIN credit lines aren't considered for personal cards, but I'm not sure.

quote:

---

Thanks dude,

I was feeling pretty blue with no one celebrating my timely haul

---

I thought you already had the Ink? Is it your second?

quote:

---

A 30k line that you don't need and dropping it to 10k does wonders if you can do it.

---

RT. Keeping a little "Extra" line helps have leverage so you can offer to move it around if needed.

quote:

---

Keeping a little "Extra" line helps have leverage so you can offer to move it around if needed.

---

I have found if you're in the game long enough, this aspect is worth less to you than keeping your lines minimized, since you are hitting the cap they want to give out to you.

Not to mention, Chase only needs about $5,000 to open a line for you. So lowering your lines to 10k solves both problems


As for the ink, it's for my wife, she didn't have one and I had to slip it in there before the rule change

quote:

---

I was feeling pretty blue with no one celebrating my timely haul


Well I'm still getting the 2 week response from Chase about my INk card, so I'm a little anxious to hear.

---

Two weeks automated response? You good....If you read FT on applying for Chase cards you'll notice that at the very bottom of wiki it states that the two weeks notice on phone auto response is usually an approval within 30 days. (Although you can always call and push it along if you like )