Cucumber wrote:With that much money why bother with that? I mean ther e has gotta be a lot of options for guys like you with money right?
Yeah, in a lot of ways. The biggest "option" is not use credit. I once had a log of CCs but when my bank, WF, issued a check card with a Visa logo I just started using it for everything. I liked the convenience and lack of monthly CC bills. I was a workaholic and would sometimes miss a payment then pay everything the next month. The fees/interest when I would do that was annoying so I just stopped using the, Eventually they were all canceled after years of non-use.
For big stuff I do bank wires. Only works during banking hours and wires still take some time to show up and get processed. At the same time I started running into more hassles renting cars/hotel rooms with the check card.
So two years ago I pulled a CR (first time I ever did that). I had no open TLs and only one old and closed CC. Also, I couldn't get a FICO score.
I picked up a secured WF and Citi card which took care of most CC needs. However, Citi has reduced new secured accounts from a max of 25k to 5k. Don't yet know if that will affect me when the 18 mo cd is up.
For various reasons in my CR, that I can't fix immediately, I look like a renter that walked away from a new mortgage. That's because I bought my home for cash and the mortgage is joint. I bought out half interest and the other party pays the mortgage/taxes/upkeep since they live there and I don't. Not living at a place you have a new mortgage on is a major red flag applying for a CC as I'm sure you can imagine.
So what wonderful other options do I have? None that I can see other than applying for a Cap one card. They are the only company that asks about savings and investment accounts balances.