Is there a no AF charge card out there? (that reports as charge card)

For just about anything you want to get off your chest about credit cards.
5 posts
lexrj
Centurion Member
Centurion Member
 
Posts: 169
Joined: Fri Sep 14, 2012 12:59 pm
Location: San Diego

Is there a no AF charge card out there? (that reports as charge card)

Postby lexrj » Sun Mar 31, 2013 3:32 pm

Would like to diversify my credit portfolio with a charge card. I won't have much use for it so I was wondering if there is a no AF charge card out there, that reports as charge account.
---------------------------------------
Current in my Wallet
Amex BCP - 25K (02/12)
Barclaycard Arrival WMC - 15K (10/13)

Future
US Bank Cash +

Socks drawer
Crap One Quicksilver - 1.7K (04/11)
CSP - 15K (03/13)

Scores
FICO EX 772 / TU 765 / EQ 762 - (09/14)
AAoA 2.1


Sevenfeet
Centurion Member
Centurion Member
 
Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Sun Mar 31, 2013 5:18 pm

I don't think so. Think about how credit card companies make money. They make money on the swipe and then on people who carry a balance. The nature of the charge card is to not carry a balance so they have to make their money on the annual fee and higher swipe fees.
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)

User avatar
waffled
Gold Member
Gold Member
 
Posts: 28
Joined: Tue Sep 11, 2012 9:41 pm
Location: Florida

Postby waffled » Mon Apr 01, 2013 4:59 pm

wait so a charge card is better for your credit than a regular credit card?
AMEX: Premier Rewards Gold, Delta Gold, Delta Platinum, Omaha.
Discover: IT
Mastercard: Capital One Platinum, Citi Diamond Preferred, Scotiabank
Visa: Chase Sapphire Preferred, Chase Freedom, Bank Americard Cash

Sevenfeet
Centurion Member
Centurion Member
 
Posts: 532
Joined: Thu Jan 17, 2013 7:20 pm
Location: United States

Postby Sevenfeet » Mon Apr 01, 2013 9:30 pm

Not necessarily. It's a different kind of credit. Credit bureaus will actually score you better for diversifying the kind of credit you keep (along with other types like a mortgage or a car loan). But like with anything else, you have to pay it on time since baddies or any kind are not what you want.
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)

sosabe77
Green Member
Green Member
 
Posts: 10
Joined: Tue Mar 05, 2013 7:09 am
Location: de

Postby sosabe77 » Tue Apr 02, 2013 7:21 am

waffled wrote:wait so a charge card is better for your credit than a regular credit card?


They like a good mix.



Return to “General Credit Card Talk”

Who is online

Users browsing this forum: No registered users and 2 guests