- Centurion Member
- Posts: 4145
- Joined: Thu May 08, 2014 7:42 pm
- Location: United States
JonE wrote:I don't get how some people need $25k-$35k on a Walmart card. Most I would need on any store card would be about $5000. No way am I going to blow that kind of money at Walmart (or Amazon for that matter!)
MF is microcosm of people who abuse credit, they lie about incomes, apply for everything under the sun, and then wonder why AA always hits them first. I also don't think MF (or for that matter, this place) is reflective of society as a whole, as there are majorities of people who are happy with 1-3 cards, and have no knowledge of Churning, Rewards or bonus spending. I'm starting to become one of those people.
It's rarely about needing
the CL - it's about keeping score. If you're a long-standing customer on a primary card, the issuer might stick with you in bad times. I don't think many people really expect a $30k Pottery Barn or Barney's card to offer the same loyalty - or to assuage the concerns of lenders if someone's debt is low vs. total CL, but high vs. documented income.
When objectivity is non-FSR, batspit crazy becomes the community's common sense.
There's always light bonus hunting as a middle ground between aggressive and minimalist approaches.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG, Prestige (retention)
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt
SD with activity alerts, might close: Arrival and Brooks Bros
Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech, BofA Travel PH