I've become MemberSince99

All about Discover & Diners Club - talk about their credit card deals such as the More, Miles, Escape, and others.
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MB131174
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I've become MemberSince99

Postby MB131174 » Sun Jun 22, 2014 2:04 pm

I closed my Discover. I had the IT with a $3,000 limit. Opened a Chrome IT by pulling some of the credit line. When I found out the two cards had to have their own online user ID and separate cash back pools, I asked them to move my original IT back to $3,000 and close the new Chrome. The snooty, argumentative rep said it couldn't be done. I called into cust service again and the next rep really tried to help the best she could but still couldn't get it done. She said she would let corp know there was a lot of miscommunication about this. I want to believe her, but with that much hassle I knew it wasn't worth it so I had them close both cards.
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MemberSince99
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Postby MemberSince99 » Sun Jun 22, 2014 3:17 pm

I knew about the online user ID thing - a couple of years ago when I got a second Discover they told me they were "working on it" and hoped to have it fixed so that you wouldn't have to do that "soon". I know, soon is relative, and in this case it probably means "maybe in our lifetime".


The separate rewards pool is kind of surprising. I guess they expect you to have one of the cards or the other. Again kind of a PITA.


Um, her letting corp know probably consists of forgetting about it as soon as she gets off the phone with you. If they are like most corprs I've been around, they couldn't care less what the help says let alone the customers, just keep those big bonuses coming our way baby. So if she's at all experienced she knows better than to waste her time piping up to them. Just nod your head and agree they are more brilliant than Einstein when they really remind you of Larry Curly and Moe and stay the hell away from them is the best thing you can do but that's another story.


Can the world handle another one of us? Better yet can the CCCs handle two of us? Look at it this way - you just saved yourself the wondering if they will ever increase your limit. Actually the answer is the same as before - now they won't, and they wouldn't have even had you left the cards open so it's pretty much the same I guess.




For what it's worth, since another user showed me how they nerfed the rewards on the Associated card, I'm questioning if I really want that one long term, despite the limit. 1.25% on everything is honestly a small step above 1% on everything. Even Cap One gives better (QS). I guess it beats nothing, but I've now moved my position that if I do slim down to 3 cards at some point, I'll be keeping Freedom (and I'm moving my non-Amex spend to Freedom as well). I'm tired of US Bank nerfing rewards I know they are free to do it, but I'm also free to put my spend on other cards too. Chase at least gives 5% rotating categories to keep it interesting.

MB131174
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Postby MB131174 » Sun Jun 22, 2014 3:51 pm

Here's what is left in my wallet: Hyatt Visa Siggy $15,000. Marriott Visa Siggy $5,000. Chase Freedom $3,900 carrying about a $3k balance at 0%. AmEx Green. Two AmEx BCE (one for myself, the other has my sister added as an authorized user. I let her use that one as she is rebuilding her credit) $2,000 each. BofA cash something (the 3/2/1 card) $8,000. Citi something that is being transferred to a Hilton Visa at the end of this cycle (the free one - only to keep silver status and points when I use Hilton) $2,900. My now dead Discover started at $1,000 and was up to $3,000 before I murdered it today. If I was told to keep only 2 cards I'd keep the AmEx Green and Hyatt Visa. If I was told to keep one it would be the Hyatt. Honestly, instead of a wallet full of good cards, the thought of one or two good cards and simplicity is becoming more and more appealing.
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supercoolman
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Postby supercoolman » Sun Jun 22, 2014 5:19 pm

MemberSince99, I see that you kept mentioning US Bank, but I don't see US Bank CC in your list. Did you mean Associated Bank?



according to FICO in CO, having a total of more than 50K CL is the best grade in terms of available CL, so I'm trying to get there with no more than 5 cards. I've cancelled all CC (Discover, CHASE Freedom, CO CB... etc) all stuck at $5000 platinum for the last few years and keping only the recently approved CC. it was funny that the first thing Discover rep asked me if I'm cancelling the card because I want CLI...

MB131174
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Postby MB131174 » Sun Jun 22, 2014 5:31 pm

I've never heard that about the $50k being the best. One could argue that someone with $50,000 in CL could be always late and irresponsible and someone with $15,000 CL could be always under 10% UT, PIF and bakes awesome cookies. If someone makes $25,000 a year, I don't think they should have $50,000 in credit available. That's foolish to extend 2 years salary of credit to anyone, IMO.
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supercoolman
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Postby supercoolman » Sun Jun 22, 2014 5:39 pm

I was surprised too when I came to know that someone working as cashier for living has 70k+ CL from 10 CCs

MemberSince99
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Postby MemberSince99 » Sun Jun 22, 2014 6:25 pm

Yes, Associated's card is run by Elan, which is part of US Bank. I'd read that, and when I talked with a CSR on the phone I flat out asked her if they are US Bank and she said they are. It's like Buick being part of GM - different name but part of the same company family.


That's funny that they KNOW why you are cancelling the card I'm sure they get a lot of people who get tired of that. They kind of are the new Cap One in terms of limit - WAY better in every other way but in terms of limits and CLIs it seems like Cap One could be better for a lot of people these days. They really don't seem to be particularly fond of people with really good credit who already have high limit cards and don't carry balances. My guess, and it's only a hunch but my guess is to get a high limit with them you either have to be with them for quite a while, OR you need to be a balance carrier so they can make money on the interest from you, as general rules of thumb. Unfortunately for them or me or both, I don't carry a balance and have high limit cards already and I don't want to wait 10 or 15 years for the limit to finally get competitive with my existing cards.

MB131174
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Postby MB131174 » Sun Jun 22, 2014 7:16 pm

I'm just enjoying the simplification I'm going thru.
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supercoolman
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Postby supercoolman » Sun Jun 22, 2014 7:33 pm

CO is really generous on CL for me while Discover has been a disaster for me, so I ended up never used Discover after the first month I got the card. makes sense for me to close a stalled and useless CC.

jrmsu
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Postby jrmsu » Tue Jul 01, 2014 10:21 am

MB131174 wrote:One could argue that someone with $50,000 in CL could be always late and irresponsible and someone with $15,000 CL could be always under 10% UT, PIF and bakes awesome cookies.


Next time I try to get a CLI, I will mention that I can bake awesome cookies and will ship them on request.
My Cards:

Discover It - $8,450 (9/13)
BankAmericard Cash Rewards Visa Signature - $5,000 (4/14)
Chase Freedom - $3,000 (5/14)
AMEX Hilton HHonors - $16,500 (6/14)




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