June 2015 Garden Club/Cult

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CarefulBuilder14
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Re: June 2015 Garden Club/Cult

Postby CarefulBuilder14 » Wed Jun 17, 2015 11:28 pm

morgacj2004 wrote:I won't complain though as I was eventually going to apply for the arrivals plus card since I can't get the CSP yet.

You may be in a place you like credit-wise, but you should still be a bit startled that you got there through an accident of Barclaycard's incompetence.

I like extra rewards, perks, and credits as credit surprises. Extra accounts are not a good surprise.
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


morgacj2004
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Re: June 2015 Garden Club/Cult

Postby morgacj2004 » Wed Jun 17, 2015 11:46 pm

Yes I was startled/surprised ESP when I saw an inquiry on my TU report. I am ok however with the final result. At least this mistake was in my favor unlike most mistakes made by OCs and CRAs

Ghoshida
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Re: June 2015 Garden Club/Cult

Postby Ghoshida » Thu Jun 18, 2015 1:55 am

Took a break from the garden.

Still awaiting the results; as with most other apps last year and a half, nothing with me seems instant. Verification. Validation. Under review. Even the computer screen seems different compared to others. Oh well. Hopefully in a couple of weeks all will be clear in the mail.

BTW it seems that the Discover CLI train has come to a screeching halt. Guess that means nothing to look forward to next week on that site !

The other CLI that's due is Cap One but everyone knows how that goes. This time, it's one hit. If nothing comes off it, I'm not going the EO route. Too much work for too little gain, I think. And they're probably right, at this moment I use very little of their $6k line, no more than $500 or so at any point. If they reduce the APR, maybe that's something that I could take to the EO, but got other stuff to handle first anyway.
AMEX BCE | PRG || Barclaycard Sallie Mae || Capital One QuickSilver | Venture || Chase Freedom | Sapphire Preferred || Citi Dividend || Discover It || UFCU Great Rate || US Bank Cash+ #1 | Cash+ #2 | Club Carlson Plat | REI || Total CL $144.2k + PRG NPSL, not counting AU

JonE
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Re: June 2015 Garden Club/Cult

Postby JonE » Thu Jun 18, 2015 9:31 am

CarefulBuilder14 wrote:Chase certainly does give automatic or soft-pull CLIs, but they can often take a few years. Keep your expectations modest.

Assuming you won't be paying any fees for the Wal-Mart CC once you've paid it off, I wouldn't close it. Your history seems a bit short and I think you'll benefit from creditors seeing multiple open accounts. Perhaps simplicity should be a lower priority for now.

Just put a small transaction on it maybe once every 6 months and pay it off in full.


I could do that too, but $400 is a paltry amount. Probably just use it for birthdays/christmas or something.
Current Cards: Chase Freedom, Discover IT
Future: TBD

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CarefulBuilder14
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Re: June 2015 Garden Club/Cult

Postby CarefulBuilder14 » Thu Jun 18, 2015 12:39 pm

CarefulBuilder14 wrote:
Whatamuji wrote:I would consider getting the IHG card at some point (I'm gardening) but I don't like the fact that it doesn't have chip and sig. Or does it and the picture on the website is misleading?

I'll let you know when I get it, but Chase doesn't list it among the "Chip-Enabled Credit Cards" on their website.

The rewards on non-IHG spending aren't anything special. Not having a chip (or PIN) generally isn't a problem at major hotel chains, and I expect IHG hotels process quite a few of their own co-branded cards. I know there are local merchants that will take an un-chipped card so I can meet the minimum spend.

So for me, the absence of a chip on this card isn't a big deal, since I'll basically just be using it at the hotel in the long run.

It came today. There's no chip.
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

Whatamuji
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Re: June 2015 Garden Club/Cult

Postby Whatamuji » Thu Jun 18, 2015 2:22 pm

Alrighty thanks for letting us know. Glad you got your card!
Kohls: $300, Discover IT: $1.8k, Capital One Quicksilver: $2k, Amazon Store Card: $2.2k, BoA Cash Rewards: 1k, Chase Freedom: 3.2k, AMEX HHonors 3k

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CarefulBuilder14
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Re: June 2015 Garden Club/Cult

Postby CarefulBuilder14 » Thu Jun 18, 2015 9:18 pm

JonE wrote:I could do that too, but $400 is a paltry amount. Probably just use it for birthdays/christmas or something.

From a utilization perspective, it's not very important. It's still another account you can show as open and healthy, though.
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

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CarefulBuilder14
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Re: June 2015 Garden Club/Cult

Postby CarefulBuilder14 » Sat Jun 20, 2015 1:20 am

I may be out of the garden on a technicality.

Synchrony has just sold the Brooks Bros card accounts to Citi.

I've not seen my updated credit reports, but I'm assuming that they will show a closed Synchrony account and a just-opened Citi account. I made no application to Citi, and I don't think they've done a HP, but it is probably a new account nonetheless.

I hope no creditors get spooked...that's my fourth new account in the last 60 days.

This is also actually my first closed account, too.

I suppose it might also be possible for a report to show the same old account, and just change the name of the creditor.

How is it usually presented when a card's issuing bank is acquired by another bank in its entirety?

*Edit: Creditor name change only. Not a new account.*
Last edited by CarefulBuilder14 on Wed Jul 01, 2015 11:27 am, edited 1 time in total.
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

MemberSince99
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Re: June 2015 Garden Club/Cult

Postby MemberSince99 » Sat Jun 20, 2015 11:23 am

Personally I'm done with worrying about any of them getting spooked. First if they were going to, you'd think they already would have. Second, I just don't really care. If someone doesn't want the business, I'm cool with it I have too many cards as it is.

Part of feeling liberated in life is not worrying about what your credit card company thinks of you. At least to me. If my spend making them a profit doesn't keep them happy, then to hell with them, basically. I can live without them. I like credit cards for the 1. security being better than debit in multiple ways and 2. rewards, but I lived without a card for many years and could go back to doing it again.

The only problem is the cops will legally rob you if they feel you are carrying more cash than they feel you should be so I wouldn't carry much cash on me. Once they steal from you, it's an uphill fight to get your money back. I'd worry more about the cops robbing me than a mugger these days.

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Re: June 2015 Garden Club/Cult

Postby CarefulBuilder14 » Sat Jun 20, 2015 3:55 pm

MemberSince99 wrote:Personally I'm done with worrying about any of them getting spooked. First if they were going to, you'd think they already would have. Second, I just don't really care. If someone doesn't want the business, I'm cool with it I have too many cards as it is.

Part of feeling liberated in life is not worrying about what your credit card company thinks of you. At least to me. If my spend making them a profit doesn't keep them happy, then to hell with them, basically. I can live without them.

Member, your worry-free attitude has taken you to some pretty ugly parts of the credit world before. I don't want to ever go where you've gone.

We also have very different goals with credit cards. I get particular cards because they are the ones with the rewards and benefits best-suited to me.* I don't want that portfolio of cards to suffer from AA. I know I could get other cards instead, but those wouldn't be as well-suited for me.

You just seem to apply for random cards, regardless of suitability, and close them when some CSR doesn't treat you like a king (only to reopen them later). That's not an approach that interests me.

*It's true that I've had my plans change at times, and some cards (Arrival and Sallie Mae) don't end up making a lot of sense.
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



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