December 2015 Garden Club

For just about anything you want to get off your chest about credit cards.
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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Thu Dec 10, 2015 10:59 am

Nixon wrote:
CarefulBuilder14 wrote:
Tubpbs wrote:And you prefer to do things that way or you'd rather not be temp / freelance?

Right now my work is about 85% clerical in nature (lots of reliable volume but low-paying) and 15% in more advanced work (unreliable volume, but better-paying). My main priority is to replace the clerical work with more advanced work so I can gain experience and have much more attractive options available in the future.

Nixon,
YMMV as always, but I think the Diamond matches are currently going mostly to SPG Platinum. My highest status is IHG Platinum, so I haven't bothered.


I have IHG Spire, as does the wife.

Well, try it, but I think all IHG tiers are getting matched to Hyatt Platinum at present.
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when


Nixon
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Re: December 2015 Garden Club

Postby Nixon » Thu Dec 10, 2015 11:29 am

CarefulBuilder14 wrote:
Nixon wrote:
CarefulBuilder14 wrote:Nixon,
YMMV as always, but I think the Diamond matches are currently going mostly to SPG Platinum. My highest status is IHG Platinum, so I haven't bothered.


I have IHG Spire, as does the wife.

Well, try it, but I think all IHG tiers are getting matched to Hyatt Platinum at present.


If I get platinum then it's really no use to me. My Mlife Platinum was downgraded to Gold as my play hasn't been as heavy this year and I was looking for a backdoor way to upgrade.

Hyatt Platinum -> Mlife Gold
Hyatt Diamond -> Mlife Platinum
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kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Thu Dec 10, 2015 7:03 pm

I love seeing people talking about year end card closures and then saying "it sucks wasting HPs on cards you'll eventually close but this isn't an ideal world!"

Umm, last time I checked, HPs are completely avoidable and are done with permission. The people speak as if HPs are some inevitable consequence of existence. There are some instances where we have to take HPs if we want to get something, i.e. a car, a home, even a phone sometimes. But to act as if your 20 HPs per month are unavoidable is just ridiculous. It can be as "ideal" as you make it: stop applying for credit! :rant:

Nixon
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Re: December 2015 Garden Club

Postby Nixon » Thu Dec 10, 2015 7:23 pm

kdm31091 wrote:I love seeing people talking about year end card closures and then saying "it sucks wasting HPs on cards you'll eventually close but this isn't an ideal world!"

Umm, last time I checked, HPs are completely avoidable and are done with permission. The people speak as if HPs are some inevitable consequence of existence. There are some instances where we have to take HPs if we want to get something, i.e. a car, a home, even a phone sometimes. But to act as if your 20 HPs per month are unavoidable is just ridiculous. It can be as "ideal" as you make it: stop applying for credit! :rant:


Preachin' to the choir here, man. Lol.
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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Thu Dec 10, 2015 8:34 pm

Get approved for a card you don't need? Congrats!

Close the card after you realize you don't need it? Congrats!
Love: IHG, Platinum, Sallie Mae, AA Plat, CSP
Like: Discover, ED, BCE, Hyatt, Arrival, Freedom
Might drop: BrooksBros, Prestige (Costco PC?)
Might add: Proper business card, CSR, Ritz, Delta Gold
Letting new accounts cool off since May
Really not sure what I'll add next or when

kdm31091
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Location: Claymont, DE

Re: December 2015 Garden Club

Postby kdm31091 » Thu Dec 10, 2015 8:38 pm

CarefulBuilder14 wrote:Get approved for a card you don't need? Congrats!

Close the card after you realize you don't need it? Congrats!


It is basically worthless, the responses and "advice" given on there. Almost nothing is said that isn't either common sense or just on the flip side totally idiotic. (Blaming AA on the issuer rather than focusing on the actual problem that caused it, etc)

4ktvs
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Re: December 2015 Garden Club

Postby 4ktvs » Thu Dec 10, 2015 9:12 pm

kdm31091 wrote:I love seeing people talking about year end card closures and then saying "it sucks wasting HPs on cards you'll eventually close but this isn't an ideal world!"

Umm, last time I checked, HPs are completely avoidable and are done with permission. The people speak as if HPs are some inevitable consequence of existence. There are some instances where we have to take HPs if we want to get something, i.e. a car, a home, even a phone sometimes. But to act as if your 20 HPs per month are unavoidable is just ridiculous. It can be as "ideal" as you make it: stop applying for credit! :rant:


And here I thought my 5 HP in total over two years was a ton.

I guess I am in the so called "garden" until fall of 2016 when I hope to get a US bank cash+. Then maybe get a citi double cash, after that I plan to be done.

I won't just app because it's been X amount of time though as I don't want to get the %1 card from them or get rejected all together. I will want to be sure my odds are good when I try for it.

kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Thu Dec 10, 2015 9:18 pm

4ktvs wrote:
kdm31091 wrote:I love seeing people talking about year end card closures and then saying "it sucks wasting HPs on cards you'll eventually close but this isn't an ideal world!"

Umm, last time I checked, HPs are completely avoidable and are done with permission. The people speak as if HPs are some inevitable consequence of existence. There are some instances where we have to take HPs if we want to get something, i.e. a car, a home, even a phone sometimes. But to act as if your 20 HPs per month are unavoidable is just ridiculous. It can be as "ideal" as you make it: stop applying for credit! :rant:


And here I thought my 5 HP in total over two years was a ton.

I guess I am in the so called "garden" until fall of 2016 when I hope to get a US bank cash+. Then maybe get a citi double cash, after that I plan to be done.

I won't just app because it's been X amount of time though as I don't want to get the %1 card from them or get rejected all together. I will want to be sure my odds are good when I try for it.


Read enough myfico and you'll find that the vast, vast majority of them have 20+ HPs on each bureau. 5 HPs in two years is child's play! That's why none of them can qualify for Chase Freedom/CSP anymore: the "no more than 5 new accounts in 2 years" thing. Of course they blast it and say it will kill Chase's profits, but that's just them being angry because none of them will ever qualify at the rate they open new accounts.

It does seem frequently that people app because "it's been 6 months" or some such. Again, it's not necessarily good to be applying for credit every 6 months or anything...apply when you need something. Going by an arbitrary "every so often" timeline is crazy IMO

yfan
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Re: December 2015 Garden Club

Postby yfan » Thu Dec 10, 2015 11:14 pm

CarefulBuilder14 wrote:Get approved for a card you don't need? Congrats!

Close the card after you realize you don't need it? Congrats!

Wondering what the best use of all these points you just bonus-earned after getting a card and meeting a high spend? Priceless!

4ktvs
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Re: December 2015 Garden Club

Postby 4ktvs » Fri Dec 11, 2015 12:14 am

kdm31091 wrote:
4ktvs wrote:
kdm31091 wrote:I love seeing people talking about year end card closures and then saying "it sucks wasting HPs on cards you'll eventually close but this isn't an ideal world!"

Umm, last time I checked, HPs are completely avoidable and are done with permission. The people speak as if HPs are some inevitable consequence of existence. There are some instances where we have to take HPs if we want to get something, i.e. a car, a home, even a phone sometimes. But to act as if your 20 HPs per month are unavoidable is just ridiculous. It can be as "ideal" as you make it: stop applying for credit! :rant:


And here I thought my 5 HP in total over two years was a ton.

I guess I am in the so called "garden" until fall of 2016 when I hope to get a US bank cash+. Then maybe get a citi double cash, after that I plan to be done.

I won't just app because it's been X amount of time though as I don't want to get the %1 card from them or get rejected all together. I will want to be sure my odds are good when I try for it.


Read enough myfico and you'll find that the vast, vast majority of them have 20+ HPs on each bureau. 5 HPs in two years is child's play! That's why none of them can qualify for Chase Freedom/CSP anymore: the "no more than 5 new accounts in 2 years" thing. Of course they blast it and say it will kill Chase's profits, but that's just them being angry because none of them will ever qualify at the rate they open new accounts.

It does seem frequently that people app because "it's been 6 months" or some such. Again, it's not necessarily good to be applying for credit every 6 months or anything...apply when you need something. Going by an arbitrary "every so often" timeline is crazy IMO


I don't see what is wrong with that rule. Not that I would ever want to deal with Chase but if there profits are going to die I doubt it's going to be over that.

People app just because it's been 6 months really just app just because of how long it's been. You have to be joking, I must not live on the same planet or something. Did they really use all those HP's to get credit cards, do they end up getting approved for 20+ cards in two years or do they have a mail box full of denial letters? :eek:

How do they keep up with all of those credit accounts, I mean really how on earth to they keep all of that paid as agreed or how on earth do banks keep giving them cards at all. Shouldn't they get slammed by just about every bank for too many new accounts/HP's? :confused:

I would have thought that 5 new accounts in two years or the like was like a standard from all issuers more or less. Why are they only slamming Chase for that, is it because of the other stuff they have done before like they did to a family member of mine? I would understand if they are pissed because of putting a monthly account fee on them just for paying in full and not carrying a balance. But they are throwing a fit because of if the number of new accounts in two years is really high they will reject you. Isn't that in credit 101 or something? :confused:



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