onion wrote:Oops, thought you meant the BCE, sorry. I haven't heard anything about auto denials about the Sallie Mae card, but I haven't paid that much attention to it. The caps on the rewards just aren't worth it for me, honestly. I spend a bit over $500 a month on gas and food, but to make it simple, let's say $500. With my current cards, I'll get 3% on gas and 3% on food. Lets say I get the Sallie Mae card, $250 at 5% for gas and food, then the other $250 at 3%. That'll average out to 4%, giving me $240 in rewards annually. If I were to just stick with my AmEx and BoA cards for the 3%, I'd be getting $180 annually and the 10% bonus on top of that for having a BoA account. That'll get me to about $190-$200, depending on how much I drive or ride my motorcycle. I don't see an inquiry being worth $40 a year to me, especially after getting all these new cards. It also gets a bit more complicated because I use my AmEx Everyday and get 2.4x MR points per dollar spent on groceries when I use that card, which can be worth more than 3 cents on the dollar. The only other good part about that card is 5% on Amazon, but I don't care since my dad just runs most of that stuff through his business account for me.
Thanks! I was very surprised to have gotten accepted for them, let alone the generous limits they gave me.
otter wrote:It's $250 each... 5% on first $250 for gas, 5% on first $250 for groceries per billing cycle. So $300 earned if you spend the maximum you can to get 5%.
popamode72 wrote:Never had anything with Barclay's before but I've heard various stories about them.
CarefulBuilder14 wrote:Good stories or bad stories?
otter wrote:Barclay's is an okay company... I think the whole AA thing you hear on fico is a bit overblown. If your credit is marginal, and you get too much new credit, it might spook Barclay. I do wish their interest rates were lower, but don't carry a balance unless their is an intro 0% period anyway.
CarefulBuilder14 wrote:Other than the high APR (and the phone menu being hard to use), are there bad things about it? Is the website easy to use? Have you ever had a dispute regarding a legitimate transaction? Or any cases of outright fraudulent charges?