Done with myfico, apparently!

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kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Sun Aug 14, 2016 9:32 am

It's humorous seeing people chase after CLIs they don't need, and when told "no", they automatically resort to the executive office.

It just baffles me how entitled people can be. People think they are so much more important to a creditor than they really are, and won't take "no" for an answer, even when the card already has a far more than sufficient limit.


JonE
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Re: Done with myfico, apparently!

Postby JonE » Tue Aug 16, 2016 11:31 pm

kdm31091 wrote:It's humorous seeing people chase after CLIs they don't need, and when told "no", they automatically resort to the executive office.

It just baffles me how entitled people can be. People think they are so much more important to a creditor than they really are, and won't take "no" for an answer, even when the card already has a far more than sufficient limit.


If they made it a point to not apply for so many cards, and get their financial houses in order (assets included) then lenders could probably see the reasoning behind large CLs.
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JonE
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Re: Done with myfico, apparently!

Postby JonE » Fri Sep 02, 2016 5:01 pm

Wallet: Chase Freedom, Discover IT
Chopping Block: Synchrony
Future: TBD

9Cline
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Re: Done with myfico, apparently!

Postby 9Cline » Fri Sep 02, 2016 5:24 pm

Yeap,,just saw that,,interesting to see how it plays out, what suggestions will be brought forth...
U guys crack me up .. :beat:
LOWES, DISCOVER-iT, MACY'S-AMEX PREMIER ELITE, AMEX-EDP, CHASE FREEDOM VS, AMEX-BCP, CITI-DC WEMC, JCP-PLAT MC, BELK ELITE, CITI BESTBUY, CHASE SAPPHIRE , HOME DEPOT :beat:

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Re: Done with myfico, apparently!

Postby Nixon » Fri Sep 02, 2016 11:45 pm


Dude.

People seem to actually like you there. What changed?!

This kinda serves as a reminder for me to cool it with the new accounts in general now that I have all of Chase's prize pigs.
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CarefulBuilder14
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Re: Done with myfico, apparently!

Postby CarefulBuilder14 » Tue Oct 18, 2016 6:47 pm

Looks like humu didn't get the soothing encouragement he/she sought from other Prestige people...

Also, it does seem a bit odd to me how some people who don't travel and just have boring cash back cards can have such passionate opinions about premium travel perk cards.
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kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Wed Oct 19, 2016 5:12 pm

CarefulBuilder14 wrote:Looks like humu didn't get the soothing encouragement he/she sought from other Prestige people...

Also, it does seem a bit odd to me how some people who don't travel and just have boring cash back cards can have such passionate opinions about premium travel perk cards.


That thread was just bizarre. You already got approved for the card and you start several different threads asking people to basically talk you into justifying it.

mountaindewvoltage
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Re: Done with myfico, apparently!

Postby mountaindewvoltage » Sun Oct 23, 2016 2:55 am



Trying to figure out why one needs a DiscoverIt, BankAmericard Cash rewards, a Delta Gold AMEX, a DCU Platinum, an Amazon Prime Card, a Capital One Quicksilver, an AMEX Premier Rewards Gold, a JCrew Card, a Capital One Platinum, a Marvel, a Paypal Smart Connect account, a Ritz-Carlton, and an AMEX SPG card like the OP of that thread has.

The OP also stated they opened up 12 accounts in 12 months... So all of those cards in 12 months, and then applied for a Ritz Carlton.

Who needs that many credit/charge cards? Some people on that board are friggin morons. They should have the Discover, Amex Gold, and BankAmericard at the most.

But according to the mods over there we have to go, "Yeah :) It's not your fault you're an idiot and opened 12 new accounts in a year. It's Chase's fault."

kdm31091
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Re: Done with myfico, apparently!

Postby kdm31091 » Sun Oct 23, 2016 7:54 am

mountaindewvoltage wrote:


Trying to figure out why one needs a DiscoverIt, BankAmericard Cash rewards, a Delta Gold AMEX, a DCU Platinum, an Amazon Prime Card, a Capital One Quicksilver, an AMEX Premier Rewards Gold, a JCrew Card, a Capital One Platinum, a Marvel, a Paypal Smart Connect account, a Ritz-Carlton, and an AMEX SPG card like the OP of that thread has.

The OP also stated they opened up 12 accounts in 12 months... So all of those cards in 12 months, and then applied for a Ritz Carlton.

Who needs that many credit/charge cards? Some people on that board are friggin morons. They should have the Discover, Amex Gold, and BankAmericard at the most.

But according to the mods over there we have to go, "Yeah :) It's not your fault you're an idiot and opened 12 new accounts in a year. It's Chase's fault."


Because people are encouraged on there to "diversify" which becomes a crutch to justify applying for so many different accounts. Somehow nobody seems to think one can get through life without accounts from a dozen different banks and credit unions.

I totally get not putting all of your eggs in one basket and I agree but these are not investment vehicles, just credit cards. It's not a situation where being diverse is of dire importance, and I don't think someone needs more than 3 separate lenders realistically (unless they want more, by choice).

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CarefulBuilder14
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Re: Done with myfico, apparently!

Postby CarefulBuilder14 » Sun Oct 23, 2016 1:29 pm

kdm31091 wrote:Because people are encouraged on there to "diversify" which becomes a crutch to justify applying for so many different accounts. Somehow nobody seems to think one can get through life without accounts from a dozen different banks and credit unions.

I totally get not putting all of your eggs in one basket and I agree but these are not investment vehicles, just credit cards. It's not a situation where being diverse is of dire importance, and I don't think someone needs more than 3 separate lenders realistically (unless they want more, by choice).

Excessive credit (relative to history and income) from many lenders seems to increase the chance at least one lender will take AA.

AA reports spread panic and fuel the urge to diversify and get excessive credit.

It's a bad cycle, and too often people end up with just a bunch of mediocre surviving cards.
Very useful: SchwabPlat, CSP, IHG, Costco (was AA Plat), Freedom, SPG
Somewhat useful: Discover, ED (was EDP), BCE, Hyatt, Arrival
May close or PC: Prestige, BrooksBros

Might add: Proper business card, CSR, Ritz, Delta Gold, First Tech



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