December 2015 Garden Club

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

Postby JonE » Sat Dec 12, 2015 2:17 pm

I don't "garden" just like I don't spree. If I want something, and I think I'm in a position to get it, I'll apply for it. My last two on my wish list, the CSP and EDP are the hardest to get, so I will wait for my profile to improve before I apply. I figured Discover and Amazon would be right for my profile, so I applied sooner.

I don't believe in getting just any card either. There are card companies I won't touch (Wells Fargo, Comenity, to a certain extent Capital One except maybe the Quicksilver).
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD


kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Sat Dec 12, 2015 7:23 pm

JonE wrote:I don't "garden" just like I don't spree. If I want something, and I think I'm in a position to get it, I'll apply for it. My last two on my wish list, the CSP and EDP are the hardest to get, so I will wait for my profile to improve before I apply. I figured Discover and Amazon would be right for my profile, so I applied sooner.

I don't believe in getting just any card either. There are card companies I won't touch (Wells Fargo, Comenity, to a certain extent Capital One except maybe the Quicksilver).


I agree with your point. People go on a spree and then feel guilty -- almost like binge eating -- and remedy it by saying "that's it, I'm in the garden for 2 years!" but of course a week later, that extra 1% on dining becomes irresistible and another app occurs. The garden date is reset and keeps moving forward in the sig. It's ridiculous.

I think the more realistic goal is to just say "I won't app unless there's something I really want" rather than "gardening for arbitrary length of time". If you are of a sane mindset, you know you shouldn't app every 2 weeks. Problem is many people are not in that mindset! But for anyone who is, I find that a "x date" goal just makes it feel like more of a "chore" to garden vs it being what you should be doing most of the time (i.e. you shouldn't be apping constantly anyway). I had a "late 2016" garden thing in my sig but honestly, I'll take it out because it's just stupid (for me) to have a date attached to it.

4ktvs
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Re: December 2015 Garden Club

Postby 4ktvs » Sat Dec 12, 2015 7:55 pm

kdm31091 wrote:
JonE wrote:I don't "garden" just like I don't spree. If I want something, and I think I'm in a position to get it, I'll apply for it. My last two on my wish list, the CSP and EDP are the hardest to get, so I will wait for my profile to improve before I apply. I figured Discover and Amazon would be right for my profile, so I applied sooner.

I don't believe in getting just any card either. There are card companies I won't touch (Wells Fargo, Comenity, to a certain extent Capital One except maybe the Quicksilver).


I agree with your point. People go on a spree and then feel guilty -- almost like binge eating -- and remedy it by saying "that's it, I'm in the garden for 2 years!" but of course a week later, that extra 1% on dining becomes irresistible and another app occurs. The garden date is reset and keeps moving forward in the sig. It's ridiculous.

I think the more realistic goal is to just say "I won't app unless there's something I really want" rather than "gardening for arbitrary length of time". If you are of a sane mindset, you know you shouldn't app every 2 weeks. Problem is many people are not in that mindset! But for anyone who is, I find that a "x date" goal just makes it feel like more of a "chore" to garden vs it being what you should be doing most of the time (i.e. you shouldn't be apping constantly anyway). I had a "late 2016" garden thing in my sig but honestly, I'll take it out because it's just stupid (for me) to have a date attached to it.


I think I am going to do that as well. I am just going to wait until I feel like my profile supports the US bank Cash+ and not slap some date on when I plan to apply for it. Then I am starting to think I am done unless it is of really good value to my profile..

I really do want it but I don't want to be stuck with the %1 card and have to fight them to give me what I wanted to start with. I will just app for it when it seems my odds are better.

yfan
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Re: December 2015 Garden Club

Postby yfan » Sat Dec 12, 2015 10:29 pm

CarefulBuilder14 wrote:Maybe it is AA, maybe it isn't. While I agree with you on an intuitive level, my experience with Chase and limited reading of the FCRA suggest AA includes declined and partially-approved CLIs.

As far as I'm concerned, there's nothing more to discuss until someone with extensive FCRA legal knowledge can weigh in. I tried to give a basic definition, I was clear that my knowledge was limited, and have no interest in an advanced legal debate for which none of us are qualified.

No, I'm sorry. I didn't mean to be argumentative. You're right that the legal definition of AA would include a denial of a CLI request, since those do require the AA notice that we are sent when we aren't granted a CLI. I was coming from the intuitive viewpoint because usually on credit boards leaving something as-is don't seem to ignite the passions other AA does.

Vermonster
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Re: December 2015 Garden Club

Postby Vermonster » Sun Dec 13, 2015 7:46 am

TheLethargicAge wrote:Gardening (according to the gospel of Lexie):

Claiming you will abstain from applying for credit until Prince George is crowned King of England...and then applying for a crappy store card two days later because you just couldn't resist turning a shopping cart trick at a store you NEVER shop at, buying things you don't need.


Just added a little :lift:
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Sun Dec 13, 2015 7:54 am

Vermonster wrote:
TheLethargicAge wrote:Gardening (according to the gospel of Lexie):

Claiming you will abstain from applying for credit until Prince George is crowned King of England...and then applying for a crappy store card two days later because you just couldn't resist turning a shopping cart trick at a store you NEVER shop at, buying things you don't need.


Just added a little :lift:


It's so true about buying things you don't need. Over at MF, someone made a thread about "throwing money away" if not using 0% offers. One person who was actually being somewhat sensible responded with something like "if you don't need anything, don't buy it", and of course that never goes over well, so such gem responses include: "well, that's not really true; Freedom is giving 10x amazon so I bought 1500 in gift cards! I'm gonna spend the money anyway so why not?"

Yes, you may spend that much on amazon, but do you NEED to? That's a whole different story. These people condition themselves to feel they "always" spend x amount somewhere...doesn't mean you aren't still wasting money.

Nixon
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Re: December 2015 Garden Club

Postby Nixon » Sun Dec 13, 2015 8:31 am

10% of zero is zero.
Image

yfan
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Re: December 2015 Garden Club

Postby yfan » Sun Dec 13, 2015 10:41 am

kdm31091 wrote:Yes, you may spend that much on amazon, but do you NEED to? That's a whole different story. These people condition themselves to feel they "always" spend x amount somewhere...doesn't mean you aren't still wasting money.

Yup. It's a lot easier to "spend" money you have "already spent" (in the form of a gift card), than to spend actual money - without the tightest of self-controls.

JonE
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Re: December 2015 Garden Club

Postby JonE » Sun Dec 13, 2015 10:47 am

kdm31091 wrote:
Vermonster wrote:
TheLethargicAge wrote:Gardening (according to the gospel of Lexie):

Claiming you will abstain from applying for credit until Prince George is crowned King of England...and then applying for a crappy store card two days later because you just couldn't resist turning a shopping cart trick at a store you NEVER shop at, buying things you don't need.


Just added a little :lift:


It's so true about buying things you don't need. Over at MF, someone made a thread about "throwing money away" if not using 0% offers. One person who was actually being somewhat sensible responded with something like "if you don't need anything, don't buy it", and of course that never goes over well, so such gem responses include: "well, that's not really true; Freedom is giving 10x amazon so I bought 1500 in gift cards! I'm gonna spend the money anyway so why not?"

Yes, you may spend that much on amazon, but do you NEED to? That's a whole different story. These people condition themselves to feel they "always" spend x amount somewhere...doesn't mean you aren't still wasting money.


Most of the posts have a lot to do with people who don't know how to manage their own finances. They ask advice from random strangers on whether or not they should app for a particular card, or they see the CreditAddicts and Ron1s of the world and they think that's the norm. 80-90 percent of the people who post there can't seem to think for themselves. They post a thread asking permission to apply and then come back and post the approval/denial in another thread looking for approval/sympathy. And more often than not they get it.

MyFICO's Credit Monitoring for $30 a month is useful for me for right now. But Walmart and Discover have TU FICO scores, AMEX has Experian and (If I remember Correctly) Citi has Equifax. That coupled with 'free' credit monitoring of reports from Credit Karma (about the only thing Credit Karma is good for) means no more of that. Maybe one day.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD

yfan
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Re: December 2015 Garden Club

Postby yfan » Sun Dec 13, 2015 10:58 am

JonE wrote:MyFICO's Credit Monitoring for $30 a month is useful for me for right now. But Walmart and Discover have TU FICO scores, AMEX has Experian and (If I remember Correctly) Citi has Equifax. That coupled with 'free' credit monitoring of reports from Credit Karma (about the only thing Credit Karma is good for) means no more of that. Maybe one day.

That is how I monitor my credit. I don't have a MF subscription. I get my FICO scores from Amex, Discover, and Citi, and my credit report/monitoring form Credit Karma and a couple other sites. I also pull my own credit reports once annually like I'm entitled to for free. And right now I have premium credit monitoring from ProtectMyID for 2 years for free, due to being a T-Mobile customer who had a credit check during their Experian data breach.



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