Cards I regret

For just about anything you want to get off your chest about credit cards.
19 posts
FutureBillionaire
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Cards I regret

Postby FutureBillionaire » Tue Jul 24, 2012 5:01 pm

With hindsight being 20/20, I regret signing up for the Kroger card and the Bank of america cards listed in my signature. I haven't cashed out any rewards on the bank of america card and the Kroger card misled me with regarding the rewards. I will say that Bank of America has excellent balance transfer options, so I have used that.

My credit union card has a 20k limit, but I don't get good rewards on it. I probably would like to move some of that available credit to a better card.

I just felt like venting.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape


agp
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Postby agp » Tue Jul 24, 2012 5:58 pm

I closed the only card I don't like - my CU card, which offered 1 point per dollar. Points could be used to redeem things like $3 earplugs, $5 plastic shoe horns, etc, you know, the things everyone wants.

I'm trying to get into the habit of controlling my impulse/desire and think a few days before taking action, and it has paid off on many occasions.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

MemberSince99
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Postby MemberSince99 » Tue Jul 24, 2012 8:04 pm

Since we are on the subject, I regret having bothered with Amex. In my opinion, if you've ever burned them, just leave them be no matter what. You'll be better off.

Other than that, anything Crapital One.

Creditors who are on my personal blacklist - Capital One, GE, FNBO, and Amex.

To be totally honest, starting to give serious thought to going all cash. Let's face it all these companies are out to screw you any way they can. That's the name of the game. It's the American way. Welcome to paradise baby.

DavidNY
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Postby DavidNY » Tue Jul 24, 2012 8:10 pm

99, I agree cash is king, however if merchants put a surcharge on their items (if they accept plastic the surcharge is built-in to the prices), I'm inclined to take advantage of the plastic.

FutureBillionaire
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Postby FutureBillionaire » Tue Jul 24, 2012 8:54 pm

I like supplementing my shopping habits with rewards, so I am going to stick with all plastic. Plus, it helps me leap through time if I need to regarding a purchase. I also think it is safer to carry plastic.
Gas: Discover It, Penfed Platinum Rewards x2, Chase freedom, Citi TYP
Plane tickets: CSP
Groceries: AMEX BCP, Penfed Platinum Rewards,Citi TYP
Clothes: Express, Amex BCP, Discover IT
Amazon: Citi Forward, Cash +
Restaurants: Citi Forward, Chase Freedom, Discover IT, CSP
Hotels and other travel: Discover Escape, CSP
Movies: BofA travel rewards visa signature(fandango), Discover IT, Citi Forward, Freedom
Bars, clubs, tomfoolery: CSP, Citi Forward, Discover IT, Freedom
Balance transfers: Kroger 123 rewards
Bill Pay: Chase Ink Plus, Citi Forward
Everyday spending: Bofa Accelerated cash rewards amex, Discover Escape

hematino
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Postby hematino » Tue Jul 24, 2012 10:20 pm

I regret dealing with Citibank. When I was a college student I had a platinum something or other Mastercard with them with a small limit. I had some really terrible experiences with their customer service, and had some shady things happen including them reporting a 60-day late payment for something that was actually their error. Fast forward to this year-- I caught a little interest in the Citi Forward, and was sort of curious to see if I was blacklisted from Citi because the last discussion I had with them before cancelling the account was pretty heated. Instant approval, and also instant approval on the Citi Dividend. But I still don't like them, and Citi continues to languish in the back of my wallet as an absolute last resort when no other card provides equal or greater rewards for the purchase. Also they are stingy with Thank You point redemption value (flights are the only decent option, and the straight 1:1 gift card choices suck), and Shop Discover is way more generous with cash back than the online options for Citi Dividend.
Now she's eyeless.
The snakes she held once
Eat up her hands.

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FastSRT8
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Postby FastSRT8 » Wed Jul 25, 2012 2:01 am

Two words diners club
Carpe diem quam minimum credula postero!

MemberSince99
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Postby MemberSince99 » Wed Jul 25, 2012 6:37 am

hematino wrote:I regret dealing with Citibank. When I was a college student I had a platinum something or other Mastercard with them with a small limit. I had some really terrible experiences with their customer service, and had some shady things happen including them reporting a 60-day late payment for something that was actually their error. Fast forward to this year-- I caught a little interest in the Citi Forward, and was sort of curious to see if I was blacklisted from Citi because the last discussion I had with them before cancelling the account was pretty heated. Instant approval, and also instant approval on the Citi Dividend. But I still don't like them, and Citi continues to languish in the back of my wallet as an absolute last resort when no other card provides equal or greater rewards for the purchase. Also they are stingy with Thank You point redemption value (flights are the only decent option, and the straight 1:1 gift card choices suck), and Shop Discover is way more generous with cash back than the online options for Citi Dividend.


If you don't like them, why deal with them? There are other fish in the sea.

That's something I don't like - the fact these clowns put all this bogus information into your credit report. When you find it you dispute it, and the CRAs (who are scum anyway) turn to the thieves and liars who post the bogus information and the thieves and liars says it's valid so the CRAs simply claim to you that it was "verified" and that means it's valid. End of story. Then they have the nerve to go before Congress and lie about how 98% of the information in our reports is accurate and how satisfied consumers are with the system so they shouldn't do anything to give us any rights or that will "harm" us. Somehow they seem to think having the current system where it's full of BS doesn't harm us.

I'm just really starting to think cash would be the way to go. They can't track cash (until the stores start forcing us to show our ID "papers please" for buying a gallon of milk and it is coming for our safety and security of course - haven't we been conditioned with that meaningless phrase enough) and no thieves reporting lies on your reports while the CRAs help them do it, no "gotcha" games where they screw up and you pay the price for it (though no doubt, we'll still be paying for their bailouts with our tax dollars). I'm starting to think not having bank accounts and just using check cashing places and cash for everything is the way to go. In terms of safety is it REALLY any safer than cash because with cash you just are out the cash but if they steal your cards or number or identity they can ruin your credit and then the vultures will be coming after you and I'm sure those wonderful bill collector people will not bother you anymore once you tell them it wasn't you, your identity was stolen (yeah sure!).

I'm really growing weary of the whole thing, the whole thing is pretty much my regret. I'm going to talk with my fiancee about going all cash for things and screw these companies. They are just vultures anyway when it comes down to it. I'm starting to feel like my life would be better off without them. I'll see what my fiancee thinks. We are going to have this talk, and we'll see what happens.

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Postby MemberSince99 » Wed Jul 25, 2012 9:07 am

On sort of a related topic, I was reading a thread on another forum (the one that sells non-FAKOs) where the poster was saying that Chase decreased his limit for among other things posting a big transaction then cutting a check for it. Someone responded they applauded Chase for that as the person wasn't allowing Chase to charge them big interest that way. But frankly from what I've read if you DO carry a balance Chase doesn't like THAT either and you will become a risk and they will balance chase you and CLD you for that.

So you are damned if you do and damned if you don't apparently with this stuff.

It's just looking like more of a PITA all the time. What I found funny and kinda sick at the same time was the responder's claim that the OP was evil for not allowing Chase to charge interest. Since when did owe them a living, I mean other than bailout money? They make money on the swipe in any case last I checked. We are under no obligation to carry a balance and in fact as I've mentioned they don't like that either.
I'm just getting tired of these games and did broach the subject with my fiancee. She's undecided about what to do. She used to tell me these things (credit cards) were evil, but when I talk about just getting rid of them and moving on, she hems and haws, so I don't know. All I know is I'm really getting weary of the game.

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Postby DavidNY » Wed Jul 25, 2012 10:06 am

Ah yes, Chase, the ones who raised my minimum payment from 2% to 5% since I took them up on a low-APR offer. They're so classy.



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