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For just about anything you want to get off your chest about credit cards.
33 posts
oldsoldier
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Postby oldsoldier » Wed Mar 18, 2015 11:41 am

Call discover if your limit is not enough. They will work with you on your BT.
BoA Cash Rewards $13,000
Chase Sapphire Preferred $14,000
BoA Better Balance $12,000
Amex Every Day $24,000
Discover It $17,000
NFCU Platinum Visa $25,200
Barclay Arrival WMC $10,000
Cap One QuickSilver WMC $6,200
WF Cash back Visa Sig $11,000
Citi Thank You Premier $11,600


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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Mar 18, 2015 12:08 pm

Discover doesn't seem to mind balance transfers or high utilization. They like to earn the associated fees. Trying to get a higher limit, if necessary, might be easy.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

jcarte29
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Location: Charlotte, NC

Postby jcarte29 » Wed Mar 18, 2015 12:19 pm

CarefulBuilder14 wrote:Discover doesn't seem to mind balance transfers or high utilization. They like to earn the associated fees. Trying to get a higher limit, if necessary, might be easy.



That would be awesome! I was just about to ask if it needs to be 50% or less for B/T (meaning I would have to hope for and/or ask for 7k minimum)

We shall see! Once again I'm pumped because the US Airways card will be paid off next week, so I can justify to myself having 7 cards now
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]

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Mar 18, 2015 9:36 pm

jcarte29 wrote:the US Airways card will be paid off next week, so I can justify to myself having 7 cards now


I don't quite see how they are connected (once you pay your balances off and your overall utilization is low). Are you mostly worried that high CLs means extra temptation to spend? Is paying the US Airways debt off a sign that you have triumphed over temptation? Or you aren't sure if you like having to keep track of numerous cards? Whatever it is, I don't quite follow.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

jcarte29
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Location: Charlotte, NC

Postby jcarte29 » Wed Mar 18, 2015 9:57 pm

More about utilization. I just want to keep paying down debt smallest to largest. And Im about to do this flooring project and I know that will take some of my dollars away from my other cards.
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]

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CarefulBuilder14
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Postby CarefulBuilder14 » Wed Mar 18, 2015 10:01 pm

jcarte29 wrote:More about utilization. I just want to keep paying down debt smallest to largest. And Im about to do this flooring project and I know that will take some of my dollars away from my other cards.


It doesn't sound like saving money is much of a priority. Do you really want to have your utilization shoot up again, after working hard to pay your cards down? I know you can get special financing from Lowes, but it will still be a cash drain and it seems you're cutting things pretty close already.
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

jcarte29
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Joined: Fri Jan 30, 2015 1:29 pm
Location: Charlotte, NC

Postby jcarte29 » Thu Mar 19, 2015 10:10 am

CarefulBuilder14 wrote:It doesn't sound like saving money is much of a priority. Do you really want to have your utilization shoot up again, after working hard to pay your cards down? I know you can get special financing from Lowes, but it will still be a cash drain and it seems you're cutting things pretty close already.


Saving interest is a big priority, thats the biggest reason for the Discover comin to transfer my CSP balance. (it's on me that I had to pay a couple auto insurance premiums to have them paid in full up front).

The utilization won't dramitically increase or decrease based on a new line being extended and transfering a balance from another card, and even the leftover absorbs the flooring project (those are coincidental to each other...but it does help.)

I'm blessed with the money I make between my two jobs to help pay a lot of this debt down and off. Nothing gets ignored or cut short, including my 2 401ks and liquid savings.
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]

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CarefulBuilder14
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Postby CarefulBuilder14 » Sat Mar 21, 2015 1:04 am

I know you've already gone the Discover route, which is reasonable, but I just found another option.

I figured I'd try letting a 10% balance build up on my Sallie Mae to see if higher utilization from two or three months' spending (with minimum payments) would do the trick towards getting an auto-CLI. I was looking on the Barclaycard website to verify the exact date my 0% intro period ended. As I was browsing, I found some special BT offers.

One that could be appealing for some people is 10 months at 0% with a 2% BT fee. Other than Slate, most cards charge either a 3%+ BT fee, or have no 0% period. I know US Airways had the special BT offer when the account was opened, but maybe Barclaycard adds other lower-cost BT special offers on cards besides SM?
Wallet: Prestige CSP SchwabPlat Freedom It Hyatt SallieMae AAPlat
SD: Arrival BrooksBros BCE ED IHG
Letting new accounts cool off since May
Really not sure what I'll add next or when

popamode72
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Location: Atlanta, GA

Postby popamode72 » Sat Mar 21, 2015 7:36 am

CarefulBuilder14 wrote:I know you've already gone the Discover route, which is reasonable, but I just found another option.

I figured I'd try letting a 10% balance build up on my Sallie Mae to see if higher utilization from two or three months' spending (with minimum payments) would do the trick towards getting an auto-CLI. I was looking on the Barclaycard website to verify the exact date my 0% intro period ended. As I was browsing, I found some special BT offers.

One that could be appealing for some people is 10 months at 0% with a 2% BT fee. Other than Slate, most cards charge either a 3%+ BT fee, or have no 0% period. I know US Airways had the special BT offer when the account was opened, but maybe Barclaycard adds other lower-cost BT special offers on cards besides SM?


I'm not sure you're aware of this, but Barclays does have a 24/7 recon number you can try so you can see if they have a SP CLI offer for you on file. That's how I was able to get mine a few months ago.
Macy's TLs (21k), Lowes (17k), CSP (10k), Sam's Club (10k), Nordstrom (5k), AARP (4.2k), Freedom (3k), Discover (1.5k), Quicksilver (2k), BoA (3k), Barclaycard Arrival (2.5k), Amazon Store (6k), Paypal (4.9k), Sam's Club MC (3.6k), Walmart MC (1.2k)

jcarte29
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Location: Charlotte, NC

Postby jcarte29 » Sat Mar 21, 2015 10:33 am

CarefulBuilder14 wrote:Discover doesn't seem to mind balance transfers or high utilization. They like to earn the associated fees. Trying to get a higher limit, if necessary, might be easy.


Well I tried, but didn't do a well enough job of convincing them. They said I gotta wait 3 months before askin for a CLI. They gave me a $2,500 line.
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]



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