Gonna take one for the team and for me

For just about anything you want to get off your chest about credit cards.
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MemberSince99
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Postby MemberSince99 » Thu Aug 09, 2012 2:04 pm

Update: Called the recon line, and guess what - yep, delcined. It was due to charge offs with Chase (surprise surprise) and also recent inquiries and cards opened.

I asked if there is ever any chance I can get a Sapphire and she said after 12 to 24 months showing how I handle Freedom.

So, there you have it. I really doubt I'm going to talk them into this one and I don't want to call back 5 times trying what is surely futile.

Honestly I can't really blame them, not at all. Having said that, it does seem that once you burn those bridges don't bother trying to recross them unless you have way more patience than I do. And the fact is you may NEVER mend them completely no matter what you do. You might get cards, but you end up with low limits forever or you might awaken the beast and they do AA on you, it's always a risk you will run.

Not sure what I will do about the Freedom card yet. With a 2k limit it's my lowest and I asked if there is ever any chance it will grow, she said I would have to call and could anytime, but that's gonna be a hard pull and I can already guess they would bring up the past charge offs and the new inquiries and cards and say NO. That's not really a leap of speculation is it? So that won't grow with me anytime soon, and since everything else I have is a lot higher escape Discover Escape, I can't see it getting a ton of use. I guess I'll just keep it in my wallet and use it where it makes sense but I won't worry about putting heavy usage on it. Or close it and just move on. I haven't messed with any of my rewards, and if I close it I won't, I don't want their money I just wanted to get back in but to be honest, that seems like a hopeless cause to me at the moment. My Associated Bank Signature offers better rewards than Amex BCE (not than BCP though) and the US Bank card is not too shabby, and Discover More is bascially Freedom but with a higher limit and growth potential, maybe I should just make the most of that.

Anyway that's all I got.


MemberSince99
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Postby MemberSince99 » Thu Aug 09, 2012 4:35 pm

Leaning towards just closing Freedom and moving on. I would assume that will get me on the blacklist, but you could make a case I'm not that far off that now as it is anyway. If there is such a thing as being a stone's throw away from it, I'm there. So, no biggie I can't get their best cards so what the hell really. The 2k isn't going to make much of a dent and in terms of utiliziation that doesn't matter as I have only 0 balances I PIF. Can't see much reason to keep it except to have a mastercard....that will NEVER grow with me....kinda like Cap One only American CSRs.....bah I think I'll call tonight and dump it. Maybe I'm missing something but I can't see the point with the other cards I have. It was a dopey idea to open it in the first place. I have learned my lesson about trying to get back in with companies you've burned - DON'T. Don't bother. Move on and don't ever do it again.

And I don't think I'm sulking, I think I'm just coming to grips with from their point of view I'm a hell of a risk, and it's just best to go with companies that don't consider you that way. Chase and Amex look at 10 years ago, the others look at the last 7. I'd be like Chase and Amex if I was lending, but as the cardholder, I might as well work on the positive cards I have and grow those is how I am seeing it. Freedom is a good card and I would recommend it, but it just isn't for me.

So I believe I will be calling Chase tonight. I'm also thinking of closing my Associated Bank Platinum because it's the only card I have with no rewards and I really don't use it except one 15 dollar monthly charge. I don't see myself using it. The 9k limit is nice but it gets little use, and there are no CLIs except hard pulls that you request. Not that I need one on that card anyway....

4 would be about ideal really. My score will take a hit but no biggie. I am thinking of keeping the More, The Associated Signature, the Escape and the US Bank. It will make life easier for me as it's less cards to mess with. And honestly all the limit I need (and then some). I only make 75k a year so it's not like I need a 20k limit card that would be nuts for my income.

I'm just going to wait on closing the Associated until the US Bank card reports, so I can make sure they report a limit on that. Assuming they do, I guess I can safely close the Platinum.

MemberSince99
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Postby MemberSince99 » Thu Aug 09, 2012 6:54 pm

Freedom is now closed. I just don't wanna wait 2 years and see what happens then. I could be dead then. I used to try to plan my life out 5, 10 years down the road, then I realized no matter what I did, I can't control what's coming so now I don't even attempt that because it simply wasn't possible to predict anything. It's a lot more simple that way and the results are the same.

agp
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Postby agp » Thu Aug 09, 2012 6:57 pm

Sorry bud, sorry to hear the bad news. There are plenty of other good cards and good banks that would love to have you.
If you don't mind me asking, how did you burn Chase before?

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

DavidNY
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Postby DavidNY » Thu Aug 09, 2012 7:24 pm

I'm surprised you cancelled the Freedom. It's a good card even with the $2k CL.

American
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Postby American » Thu Aug 09, 2012 7:40 pm

Why did you close the Chase? It has $0 annual fee. It's also a really good card. You only had it for a month. :\

You'd have the Sapphire in a year or two. It was your way to a better relationship with Chase.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

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djrez4
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Postby djrez4 » Thu Aug 09, 2012 8:49 pm

MemberSince99 wrote:Freedom is now closed. I just don't wanna wait 2 years and see what happens then. I could be dead then. I used to try to plan my life out 5, 10 years down the road, then I realized no matter what I did, I can't control what's coming so now I don't even attempt that because it simply wasn't possible to predict anything. It's a lot more simple that way and the results are the same.


You sound depressed.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

jlam572
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Postby jlam572 » Thu Aug 09, 2012 9:16 pm

Its tempting when they dont upgrade you to close your account in a big "efff you" to the company.
American Express Platinum
Chase Sapphire Preferred
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USAA Amex
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Citi Diamond Preferred MC

MemberSince99
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Postby MemberSince99 » Thu Aug 09, 2012 9:35 pm

agp - I had a couple of Chase cards I got in 99 and 2000. One had I think a 9500 limit the other was a lot smaller. Anyway, no excuses but I was not able to pay them and they were charged off. It was a lot of money. So I can understand their hesitation completely.

I realize what you guys are saying, but 2 years is a long time to try to maybe hope someday they would be competitive with what I have right now. Every time I called them the charge offs were mentioned. Again I don't blame them but it's really best that I just don't have a card with a company where I can't grow things. Cap One would be glad to do that for me. Chase is far better, but I'm just saying, all you get is well let's see what happens years down the road. Ok, I appreciate the second chance but I ALREADY have better. If I had Cap One stuck at a 500 limit that might go up in 10 years (maybe), then I could see it, but given my current cards, I just don't have a place for it.

And, to be honest, I couldn't shake the feeling that the charge offs will forever be there no matter what I do now. Again I don't blame them, but I don't need that either.

So the card just didn't fit me. Discover More does what Freedom did with a much higher limit, the ability to grow, and I don't have to hear about the charge offs and try to explain them every time I call Discover.

I am sorry for what happened, that doesn't help them any, but if it's any consolation to Chase, I didn't claim my rewards which were over 100 dollars with the spending bonus. I let them keep the profits I wasn't in it to roll them, I just foolishly thought I could start over. Nope. Isn't gonna happen. I realize that now and will never try that again.



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