Minimum Purchase Amount on Credit Card

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obxfisherman
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Minimum Purchase Amount on Credit Card

Postby obxfisherman » Sun Mar 08, 2015 10:32 pm

Hello all,

As some of you may know, I have started a no HP spree for two years...until all current HPs drop off. This is by design to ask for a CLI on the Marriott, with no HPs present. Anyway I still have the Walmart/Lowes/Amazon card that do provide CLIs automatically, or if not automatic through SP.

My Daily Purchase card is Marriott, but I want to keep the other cards active that I am not using, more specifically the three above, because they will be the ones I will be applying for CLIs from in the near future. Anyway I want to purchase a small item on each card, set up automatic payments, and then just recharge the said item each month to keep the card active.

For example just tonight, I bought a .59 cent item on amazon with free shipping. Granted it will not arrive to me for a month, but I don't really care...again the idea is to get as small of a dollar amount as possible, charge it on the card, and then pay it off when statement roles. Is this a good practice to follow? I would assume so.

What's the smallest amount you have charged using a credit card? I would like to go into Walmart, and buy a piece of fruit, like just one banana, and I would like to purchase that on my credit card, to count as my one monthly purchase. This one banana is likely to be something like 30 cents. Should I expect the cashier to look at me funny for doing this? I shouldn't care, but i'm curious if others have had similar experiences. I feel this is the best thing to do for my course of action. No HPs for two years, only apply for CLIs from Walmart/Amazon/Lowes/Marathon, every 3 months or however long, and just wait for all my HPs to fall off. It will be a long road, but in the end, it should be worth it.
Cards Currently In My Wallet(See Avatar)
Chase Marriott Rewards Visa Signature (Daily Purchase): 13.4K
NFCU Visa SignatureCash Rewards: 5K
Sheetz Discount Card 3c Off PerGallon Of Gas Everyday

Total Credit Card Limits Roughly: 61.5K


jcarte29
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Postby jcarte29 » Sun Mar 08, 2015 11:01 pm

If you're gonna set up auto payments and auto and/or small charges, why not just put a netflix or monthly subscription (that you know is a fixed amount) and do it that way?


Not that you can't go and do a .30 purchase, but some places (gas stations most notably) require a minimum amount on credit and/or debit (ex. $5 or something)


To the 2 year no HP, who cares? Life happens, and as long as you're not going up and down the auto strip begging for a car loan or to the bank every month for a personal loan, there's nothing wrong with the occassional HP.

Don't get me wrong, I like your intentions here, it's just not as big a deal as you seem to think it is.
Portfolio:
CITI Diamond Preferred $7,000 [06-16]
AMEX Platinum (Charge) [11-16]
AMEX EDay $12,000 [11-14]
Lowes Store $15,000 [4-14]
CSP VISA $6,000 [7-14]
GM MC $9,000 [9-14]
AAdvantage Red MC $10,350 [10-14]
Discover IT $4,500 [03-15]
Chase Marriott VISA $5,000 [04-15]
Cap One Quick $2,600[4-10]

whit
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Postby whit » Mon Mar 09, 2015 1:28 am

I believe I read somewhere that having monthly subscriptions wouldn't have as much impact as an individual swiped purchase which isn't true but there's a lot of "tips" floating out there

I brought an avocado the other day for 99 cents and the manager checked me out, it was just that, on a card purchase, he smiled at me probably because the avocado was very ripe and a bit of a bump on it, so it's no nose off his nose, not that it's his supermarket (family own chain) and so..

Lots of times I would purchase something on a card for less than 5$, cupcake, for example, or a croissant, would be 3$..but I never get any tiff about it

Only if the register has that sign would I contemplate purchasing more just to meet the requirement but often not, I just back out the door. There are times I return to those places that I buy 5$ less on card-and buy 10-30$ worth of goods easily to bring to the office and share.

takeshi
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Postby takeshi » Mon Mar 09, 2015 8:53 am

obxfisherman wrote:As some of you may know, I have started a no HP spree for two years...until all current HPs drop off. This is by design to ask for a CLI on the Marriott, with no HPs present.

Are HP's your only problem? Or are you just another one of those obsessed over HP's? Keep in mind that they fall under New Credit and they're only 10% for most.
http://www.myfico.com/crediteducation/whatsinyourscore.aspx

For those with thinner and poor profiles they can have a bigger impact but it would probably be more productive to focus on the bigger factors first unless everything else is perfect with your credit profile.

obxfisherman wrote:Is this a good practice to follow? I would assume so.

Creditors vary in their policies on closure due to account inactivity. You have to confirm with each of them and "good" is your call to make based on that information and your own preferences and priorities. I don't bother with recurring charges as it's not big deal IMO to maintain minimum activity on my accounts. You have to do whatever it is that works for you.

obxfisherman wrote:What's the smallest amount you have charged using a credit card?

I don't recall but it was well under $1.

obxfisherman wrote:Should I expect the cashier to look at me funny for doing this?

Who knows and who cares? Cashiers aren't all identical so we can't tell you how a given cashier is going to respond. Some may look at you funny. Some may not care. If it really worries you then look into other solutions. You can make small purchases online as you stated and never have to worry about a cashier's response. Again, do whatever it is that works for you.

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obxfisherman
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Postby obxfisherman » Mon Mar 09, 2015 11:48 am

takeshi wrote:Are HP's your only problem? Or are you just another one of those obsessed over HP's? Keep in mind that they fall under New Credit and they're only 10% for most.
http://www.myfico.com/crediteducation/whatsinyourscore.aspx

For those with thinner and poor profiles they can have a bigger impact but it would probably be more productive to focus on the bigger factors first unless everything else is perfect with your credit profile.


HPs are a big problem in my view. I guess it doesn't matter since i'm not applying for new credit, but I have about 13 HPs on my reports, half of which drop off in 2015, half of which drop in 2016/early 2017.

I guess one issue could be my age of credit, it is only at like 1 year 6 months. I do know the HPs are an issue due to CSRs inquiring about it, when requesting CLI.

I only have about 4K in debt, and that isn't too bad. Being 20, and having the CL that I do, id consider myself off on the right track. My FICO from Discover is 751, so I guess I'm fine Maybe I am making too big a deal of HPs, but I think before I go asking for CLI from Chase, I should get those down, and get the debt down also.
Cards Currently In My Wallet(See Avatar)
Chase Marriott Rewards Visa Signature (Daily Purchase): 13.4K
NFCU Visa SignatureCash Rewards: 5K
Sheetz Discount Card 3c Off PerGallon Of Gas Everyday

Total Credit Card Limits Roughly: 61.5K

cardcustomerservice
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Postby cardcustomerservice » Tue Mar 10, 2015 1:33 pm

jcarte29 wrote:If you're gonna set up auto payments and auto and/or small charges, why not just put a netflix or monthly subscription (that you know is a fixed amount) and do it that way?


Not that you can't go and do a .30 purchase, but some places (gas stations most notably) require a minimum amount on credit and/or debit (ex. $5 or something)


To the 2 year no HP, who cares? Life happens, and as long as you're not going up and down the auto strip begging for a car loan or to the bank every month for a personal loan, there's nothing wrong with the occassional HP.

Don't get me wrong, I like your intentions here, it's just not as big a deal as you seem to think it is.


I'm with you on this one. As a previous Marriott card holder, and user of other Chase accounts, I can attest to getting a credit increase and even new card approved with them for $5000 + and I had over 7 inquiries in the last year. (Not condoning having this many, but just saying.)
Customer Service Rep for a card company

Chase Slate - $8000
Chase Freedom - $5000
Hyatt Rewards (Chase) - $2000
Citi Double Cash - $1000
UPromise Mastercard (Barclay) - $1400
Best Buy Credit Card (Citi)- $1000
Kohls Credit Card (CapOne) -$500
Target RedCard (TD Bank) -$1200
Walmart Credit Card (Synchrony) - $1000
Home Design Card (Synchrony) -$2000

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Vattené
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Postby Vattené » Wed Mar 11, 2015 10:28 am

Are there any stores around you with self-checkouts?
-Vattené
FICO-8:
EX - 809 (11/16) | TU - 803 (11/16)
Primary Cards:
American Express EveryDay - $20,000 (10/14)
Discover it - $23,000 (2/14)
AU on Barclay Sallie Mae - $10,000 (8/15)
plus several store accounts of varying usefulness now

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obxfisherman
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Postby obxfisherman » Wed Mar 11, 2015 12:27 pm

Vattené wrote:Are there any stores around you with self-checkouts?



Didn't even think about that. Wonderful Idea! Yes we have a Harris Teeter open here that has self checkout! Thanks for the suggestion!
Cards Currently In My Wallet(See Avatar)
Chase Marriott Rewards Visa Signature (Daily Purchase): 13.4K
NFCU Visa SignatureCash Rewards: 5K
Sheetz Discount Card 3c Off PerGallon Of Gas Everyday

Total Credit Card Limits Roughly: 61.5K

Mitch
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Postby Mitch » Wed Mar 11, 2015 8:00 pm

Why not just, go buy random things at the Dollar Tree?

Wouldn't that, work, too? :)
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Discover It $500 10/14. Capital One QS Visa $300 02/15, formerly Journey Visa Plat. 11/14.

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obxfisherman
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Postby obxfisherman » Wed Mar 11, 2015 8:09 pm

Mitch wrote:Why not just, go buy random things at the Dollar Tree?

Wouldn't that, work, too? :)


Yes it could :) the idea with a banana is it's one of the cheapest things I could think of to purchase in a store lol

Again I probably don't need to do this at all, but I feel it would make the creditors happy to see I'm using it, if I go requesting CLIs.
Cards Currently In My Wallet(See Avatar)
Chase Marriott Rewards Visa Signature (Daily Purchase): 13.4K
NFCU Visa SignatureCash Rewards: 5K
Sheetz Discount Card 3c Off PerGallon Of Gas Everyday

Total Credit Card Limits Roughly: 61.5K



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