Which Should I Choose....

American Express forum. Talk about AmEx credit cards like Blue, Gold, Platinum, Centurion, and more.
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Mogul of Pineapples
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Postby Mogul of Pineapples » Wed Jan 21, 2009 8:01 pm

Sorry to hear about your ex wife screwing that up for you, but it sounds like now you have your credit built up and your managing it very well.

About your 3k limit on your Citi Cash Returns card this doesn't surprise me. Citi and Chase are famous for giving lower credit limits than anyone else. My cards from them have limits that are 10 to 25% of my other cards from Amex, etc.

You said you only use one card at a time, how often do you cycke through them? I also have the Discover More and I need to get that back out and dust it off with some purchases. I normally try and use every card every 3 to 4 months but I don't think I've used the Discover More since last July or August.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred


bucky7007
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citi,chase and boa

Postby bucky7007 » Wed Jan 21, 2009 8:20 pm

haven't had much luck with citi, chase, or bank of america, they have always told me that I have too many delinquent accounts. I only qualified for a 500 cl boa awhile ago(last year) and said forget it. I was going to cancel my citi but they lowered my IR for 6 months. I'm really happy with amex and discover, and would use those for everything if they were accepted everywhere. I try to alternate every couple of months with groceries, gas and dining all of the cards except citi(unless I have no choice) the discover is good too because they alternate their promotions on, gas, groceries, movies, and restaurants. I believe the next couple of months is travel? dis cover is prob my everyday card.

sputNick
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Postby sputNick » Wed Jan 21, 2009 11:46 pm

BofA gave me OK credit limits but I think the worst one out there for credit limits has got to be Citi. I have the lowest CL ever on my Citi card and my parents also have CLs from them that are useful for nothing. My dad won't use his because he says the limit is too low for his spending each month. I think tons of us don't use Citi for the same reason.

Multi-Purpose
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Postby Multi-Purpose » Thu Jan 22, 2009 1:04 pm

I don't know if the same works now but what you did I always recommend to others as an "in" with American Express.

1- Start with an annual fee charge card because they have lower requirements
2- Spend and pay off bill monthly
3- After a few months to a year then try and call up and get an Amex credit card
[font=Comic Sans MS]Change will not come if we wait for some other person or some other time. We are the ones we've been waiting for. We are the change that we seek.
-Barack Obama[/font]

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Cucumber
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Postby Cucumber » Fri Jan 23, 2009 3:34 am

Never put a spouse (not even a girlfriend/boyfriend!) on your credit cards EVER EVER EVER! I once did and it was a mistake. Best advice -- keep finances separate always. Even with marriage I think you should have one joint account and the rest of your accounts should be separate. It allows each person to better manage spending anyway.
OBAMA
Stop talking crap about him!

bucky7007
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Location: cape cod massachusetts

great advice

Postby bucky7007 » Sat Jan 24, 2009 5:13 am

I have learned the hard way. My current wife and I have seperate bank accounts, credit cards, savings. But, we do share 1 savings account.

exc1976
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Awww...

Postby exc1976 » Sat Jan 24, 2009 8:52 am

Sorry for the wait everyone.

I got my decline notice 2 days later (they send you an e-mail with a link) and I was declined for a delinquency that I thought was removed from my credit report. I had to do some research the past few days.

I have never been late on a credit card payment, but something happened a few years ago (I totally forgot) that my creditor had told me they took care of. I did pull my CR and 2 out of 3 bureaus removed from my file.

Here's what happened... I went to Lord & Taylor (card was managed by May National Bank back then, now its GE Capital) and saw this watch I wanted. I got a great deal on it, so I opened up a store charge that day. I bought nothing else on the card, just bought it for the discount and the no interest for 6 months. My first minimum payment was $27 and the following 2 months it increased to $88 and I thought this was normal. Never on their bill did they indicate I was delinquent or late. Just as I was about to pay the account off, I got the 4th months bill with a "mountain" of back interest added to the account, so I called Lord & Taylor and they stated I was 1 whole month late (I made the first payment 1 day after I bought the watch and that is what through the "system" off, per their CS reps) and it ended up showing 90 days late on my CR, until I called them back and they acknowledged their error and told me that it has been fixed. They did fix 2 out of 3 credit reports.

I learned 2 things that day....
1. Be weary of store cards (except Von Maur, 0 interest credit card)
2. I never shopped at Lord & Taylor ever again, hate them just as much as Macy's.

Oh well, i'll see what I can do about this blemish and reapply.

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Mogul of Pineapples
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Postby Mogul of Pineapples » Sat Jan 24, 2009 4:11 pm

I hate it when things like that happen from errors which shouldn't even be on there, sorry to hear that.

If it's off the other two out of three credit bureaus and the store creditor acknowledges it shouldn't be on there, I would dispute that ASAP. You can dispute it formally through the dispute process, but what I would also do is send an official sounded certified letter to the credit department at that store. Explain the situation and how they've had a negative impact on your ability to get credit because of their mistake, and that you will be suing if it is not fixed with 30 days.

About store credit cards - besides being loansharks, the other thing they are sneaky with is retroactive interest. They will advertise it as 0% for 12 months or something like that, and then if you don't pay the full amount off before the 12 months is up, they tack on all the interest from those 12 months too - you end up saving nothing plus paying extra-high interest for your purchase.

And about Lord and Taylor - they aren't doing too well in this economy. They probably won't make it through this recession.
Disclosure: I am a moderator/paid staff of this site, which does have advertising relationships with some credit cards that are discussed and linked to. Regardless, anything I say is my honest opinion.

Current Cards:
American Express: Blue Cash, Simply Cash Bank of America: WorldPoints Platinum Plus Chase: Amazon, British Airways, Cash Plus Rewards, Freedom, Ink Cash Citi: Thank You Premier, Dividend Platinum Select Discover: More
Primary Everyday Card: American Express Blue Cash
Primary Travel Card: Chase Sapphire Preferred



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