December 2015 Garden Club

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

Postby yfan » Mon Dec 21, 2015 10:52 pm

JonE wrote:What cracks me up is some of the signatures that show their gardening date. One in particular says "Gardening since 12/18/15" (read: three days ago).

Have you ever seen the "new years' resolution" crowd at a gym? Those who finish January last till Valentine's day. Then it's back to the regulars. The MF garden is like that, only time compressed.


Vermonster
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Re: December 2015 Garden Club

Postby Vermonster » Tue Dec 22, 2015 1:02 am

Tubpbs wrote:
Vermonster wrote:"they want me more than I want them"

This is such an arrogant way of looking at credit cards. It's very dangerous too. It can quickly become "they won't charge off my cards, they make too much in interest on me." That's why you have boomerang BKers. I guess they just have to burn every bridge before they can learn how to use money.

My credit goal for 2016 is to get all cards above $10k limit. I do let statements post balances so the extra headroom will be nice. But it is also something I can work towards without taking HPs. Citi will be the hardest to get up there. It will all depend on how my next SP cli goes. I'm hoping for a nice auto cli on the CSP in the next few months. With a little competition, Chase has really brought their A game.


I have a very similar goal.

Have you received more than one auto CLI from them?


Went from $5k to $6.5k on the CSP about 3 months after opening. Had $2.7k on the Freedom for 2 years before we took a HP and asked for $5k in June. About a month ago we got an auto increase to $9k. It has been a nice surprise each time. Less than 8 months ago we had $2.7k with Chase, now we have over $15k.
Chase Freedom $9k~~Chase Sapphire Preferred $6.5k~~Amex Blue Cash Preferred $12.4k~~Citi Double Cash $4.7k

Tubpbs
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Re: December 2015 Garden Club

Postby Tubpbs » Tue Dec 22, 2015 6:09 am

Interesting. Thanks for the reply.
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

kdm31091
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Re: December 2015 Garden Club

Postby kdm31091 » Tue Dec 22, 2015 7:36 am

yfan wrote:
JonE wrote:What cracks me up is some of the signatures that show their gardening date. One in particular says "Gardening since 12/18/15" (read: three days ago).

Have you ever seen the "new years' resolution" crowd at a gym? Those who finish January last till Valentine's day. Then it's back to the regulars. The MF garden is like that, only time compressed.


And when the New Year starts, the crowd at MF will be all "omg no more apps; I am DONE for the new year!" Then in February someone will realize Capital One is still "giving out" huge Venture limits and the madness will begin again for the new ones...

I also love how everyone there thinks they know the lenders. They throw around things like "Comenity AA bear seems to have gone away for now, they calmed down!", as if they work for Comenity or have an informed knowledge other than what they see plastered on MF. Cracks me up. Everyone thinks they're an expert on there, even though the weekly and biweekly applications for "just one more card" speak of anything other than an expert.

The longer I'm not on there, the better off I realize I am. Even the credit card section on reddit beats myfico.

JonE
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Re: December 2015 Garden Club

Postby JonE » Tue Dec 22, 2015 1:09 pm

I guess my big goal is to get rid of the dead weight off my credit card list (Walmart and CareCredit) then raise my remaining credit lines above 5k. Be put in good position to get CSP by January of next year, then get EDP middle of the year. Unless the CSP lowers the spending requirements for the 50k points bonus by the time I'm ready to apply, that's where I'll start, and just move everything to that. Then get EDP after that, and make it my primary spending card, while rotating the others.

Non Credit-Goals, have a nice little nest egg between the 401k from work, and a possible brokerage account with a discount broker like Scottrade. Also work on getting enough down payment together to get into a manufactured house or smaller townhouse by summer.
Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD

4ktvs
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Re: December 2015 Garden Club

Postby 4ktvs » Wed Dec 23, 2015 2:51 pm

So I called FNBO about a CLI and they claim it's always a HP unless they do a auto CLI.

I don't think they like me much based on how I was treated over the phone.

Tubpbs
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Re: December 2015 Garden Club

Postby Tubpbs » Wed Dec 23, 2015 3:50 pm

4ktvs wrote:So I called FNBO about a CLI and they claim it's always a HP unless they do a auto CLI.

I don't think they like me much based on how I was treated over the phone.


Didn't you just open the account? If so, they just determined that CL based off of your almost current profile...what would change in two weeks?
Amex - BCP, Platinum, Business Gold
BoA - BankAmericard Cash Rewards
Chase - Freedom, CSP, RC, Ink Plus
Citi - DC, Prestige
Discover - It

Nixon
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Re: December 2015 Garden Club

Postby Nixon » Wed Dec 23, 2015 5:06 pm

4ktvs wrote:So I called FNBO about a CLI and they claim it's always a HP unless they do a auto CLI.

I don't think they like me much based on how I was treated over the phone.


Don't take it personally. It's a request for credit so indeed they have the right to demand a fresh HP.
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4ktvs
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Re: December 2015 Garden Club

Postby 4ktvs » Wed Dec 23, 2015 5:57 pm

Nixon wrote:
4ktvs wrote:So I called FNBO about a CLI and they claim it's always a HP unless they do a auto CLI.

I don't think they like me much based on how I was treated over the phone.


Don't take it personally. It's a request for credit so indeed they have the right to demand a fresh HP.


I know, it just sucks to have a 1k limit card. It reminds me of when I got my first card but even it had a higher starting CL than that. :rant:

I plan to wait 6 months and call about a CLI again. If they want a hard pull I will likely let them do it. People have said they do SP CLI via phone but the rep I talked to made it sound like it was HP only. I don't know what is going on with that, but I will just wait the 6 months and see what they do then.

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CarefulBuilder14
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Re: December 2015 Garden Club

Postby CarefulBuilder14 » Wed Dec 23, 2015 7:21 pm

Here's how I expect to use cards in 2016, assuming no surprise promotions:

1. PC EDP to no-AF version in March or April (before next AF) and SD it. My spending has changed a bit, and I'm currently buying more at Costco and less from traditional grocery stores. I'd have to do all kinds of funny stuff for EDP to make sense. A retention offer might make the card worth keeping. For $18k-$20k spending, 5000 or 7500 MRs might not be out of the question...it is already a rewards-heavy card for $95, though.

2. CSP for dining and travel not covered by any other cards.

3. Costco and other off-category stuff: CSP unless I've got minimum spend to meet on a new card.

4. Freedom as my top 5% card when categories overlap, followed by Discover and Sallie Mae.

5. Hyatt for hotel stays and tax-deductible things. IHG just for hotel stays.

6. Arrival for the shopping portal.

7. PRG for airfare and Delta extras, along with BCE for offers.

8. Grocery spending back on Sallie Mae when there's not a promotion or 5% category on something else (like Q2 Freedom). Spending over $250 on maybe an Amex card.

9. I have enough clothing, so Brooks Bros might be in the SD for 2016.
Warranties and sketchy merchants: Schwab Platinum
Price rewind: Costco
Travel insurance: Prestige, CSP
Perks: IHG, Hyatt
Rewards/Offers: Discover, Freedom, ED, BCE
Taxes/Misc: SPG

Limited value, might close: Arrival

Might add: First Tech, proper business card



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