Is it just me?

For just about anything you want to get off your chest about credit cards.
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MemberSince99
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Is it just me?

Postby MemberSince99 » Sat Mar 30, 2013 10:55 am

Or are there just no real compelling new products right at the moment?

I haven't applied for anything since last year, and frankly I just have no interest in applying for anything, partly because I honestly have more credit already than I really need, but also there just simply isn't anything out there I see being worth an inquiry to bother with.

Is anyone else less than excited about the landscape currently?

I'm just looking to work on getting the limits raised on what I have over time. I won't take a hard pull for a CLI though - no way. They will be auto, or not at all. As long as you have sufficient credit, it doesn't really matter.


AMEXPlatino86
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Postby AMEXPlatino86 » Sat Mar 30, 2013 11:03 am

Yeah I know what you mean. I'm looking to add two more cards to my family but nothing is really capturing my attention. Probably gonna prepare to get my CLI and my upgrades this summer. Hopefully something will come between now and then.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

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djrez4
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Postby djrez4 » Sat Mar 30, 2013 5:44 pm

For me, it isn't about the specific products. It's about the bonus offer. I'm not excited about the Amex Platinum, but if another 100k sign up appears, I will snatch it up like a hobo finding a floor steak.
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

AMEXPlatino86
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Postby AMEXPlatino86 » Sat Mar 30, 2013 6:08 pm

djrez4 wrote:For me, it isn't about the specific products. It's about the bonus offer. I'm not excited about the Amex Platinum, but if another 100k sign up appears, I will snatch it up like a hobo finding a floor steak.


LOL. Not even the bonus offers have been very good. I want a good product but something that has a good bonus offer.
Wells Fargo Platinum 2.100 (5/2011-cld 7/12/14)
AmEx Platinum (6/12)
Barclays Apple (6/12)
AMEX Gold Delta (5/13)
Marriott Rewards (7/14)

My credit score :cool:
EQ: unknown
EX: 762
TU: 752

Sevenfeet
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Postby Sevenfeet » Sun Mar 31, 2013 5:23 pm

You know, it is possible that there is nothing left to app for, especially if what you have in your wallet is doing specific work and benefit for you. After that, it's gardening, CLIs and waiting for someone to enter the market with an attractive product. That may be months or years from now. But that's ok.
Cards:
American Express Platinum (NPSL)
Penfed Platinum Reward Visa ($28K)
Chase Freedom Visa ($25K)
Fidelity American Express ($20K)
American Express Blue Cash Preferred ($20K)
Bank of America Cash Rewards MasterCard ($20K)
Citi Thank You Preferred Visa ($9.5K)
Chase Sapphire Preferred ($7.5K)
US Bank Cash + Visa Signature ($7K)
Discover IT ($4K)

MemberSince99
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Postby MemberSince99 » Sun Mar 31, 2013 6:08 pm

I agree Sevenfeet. As long as you have sufficient tradelines and limits to meet your needs, let it grow and age. That was what drove me to app for new cards late last year, the realization that soon my oldest tradelines (student loans) will be paid off. I don't owe much, it's a low interest rate, and they are by far my oldest tradelines so i'm in NO hurry to pay those off. (I wish I could keep them going another 10 years honestly). I realized I better grow some revolving lines that will be around long term to replace them if I care about keeping my score up.

Otherwise, I just don't see anything right now that is interesting enough to care much about. And it truly is ok.

Sevenfeet
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Postby Sevenfeet » Sun Mar 31, 2013 6:35 pm

For me, the realization back in January was that I was grossly underutilizing my potential credit lines, especially given what I'd seen others do online. But I needed to app as a part of a plan to save my family thousands, and I've already achieved the first part of the goal. We'll see how things go as the year progresses. But by this time next year, I expect to be well on the way on being debt free, as least as credit card debt goes.

I still have a couple of potential apps to do, but for nothing I truly need. But even if I decline to go forward on them, I'll still accomplish my goals.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

MemberSince99
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Location: WI

Postby MemberSince99 » Sun Mar 31, 2013 8:24 pm

You have some pretty impressive limits there. The only stragglers are Discover and US Bank. Discover, man I don't see how you have a 2.5k limit on that with all of your other limits being what they are. Discover is a lender I really can't figure out.

Sevenfeet
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Postby Sevenfeet » Mon Apr 01, 2013 1:45 pm

The only thing I can think of is that my FICO scores dropped to around 700 or so for the period that I apped for the US Bank and Discover cards (the US Bank EX FICO reported at 693!). So Discover gave me a small CL and crappy interest rate (20.99%). The US Bank situation was better but not by that much.

Since then the scores have rebounded. EQ FICO is has been bouncing around between 726 and 744 depending on the day and that some of my CLs report with balances. Two of them (Chase and Penfed) are supposed to have large balances but the others may have small balances even though I'm paying them in full every month (apparently FICO penalizes you if too many of your cards report a balance, regardless of how small it is).

So now I have two potential apps that were sent to me last month, one ironically for Discover with better terms and the other for Citi, again for better terms and a 0% balance/purchase agreement for 21 months. I have 30 days to consider the Discover situation and whether I want to burn another inquiry at Equifax (I have three this year). I'm not sure which one Citi uses but I will likely wait until June to app for that one.
Cards:

American Express Platinum (NPSL)

Penfed Platinum Reward Visa ($28K)

Chase Freedom Visa ($25K)

Fidelity American Express ($20K)

American Express Blue Cash Preferred ($20K)

Bank of America Cash Rewards MasterCard ($20K)

Citi Thank You Preferred Visa ($9.5K)

Chase Sapphire Preferred ($7.5K)

US Bank Cash + Visa Signature ($7K)

Discover IT ($4K)

MemberSince99
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Postby MemberSince99 » Mon Apr 01, 2013 7:26 pm

Citi has every time for me used Experian. Just an FYI. I live in Wisconsin.



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