BofA gave me their highest rate

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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MemberSince99
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BofA gave me their highest rate

Postby MemberSince99 » Sat Feb 15, 2014 5:56 pm

22.99%. The card ranges from 12.99 to 22.99. Scores are in signature with cards. I mean it really doesn't matter I haven't a single one of these cards a penny in interest, but still, it kind of shows where they REALLY rank you....even Chase gave me the lowest APR on the Freedom....Kind of an eye opener I'd say!


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djrez4
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Postby djrez4 » Sat Feb 15, 2014 6:16 pm

You got another Discover card?!
[RIGHT][size=100]- Sapphire Preferred - Freedom - Ink - Platinum - Everyday Preferred -[/size]
[/RIGHT]

MemberSince99
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Postby MemberSince99 » Sat Feb 15, 2014 6:22 pm

Yeah, some collect Commenity cards, others like me collect Discover....

MemberSince 79
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Postby MemberSince 79 » Sat Feb 15, 2014 7:23 pm

You know, Member99, some people can go for years without ever knowing their FICO score or even applying for a credit card. I haven't listened to you that much, but I am kind of reminded of the early days of the internet where I finally came to realize that I had spent most of a Summer downloading programs... which would help me download programs.

I love to build bicycles, but at some point I need to get out of the garage and ride. I used to carry 5 cards in my wallet all the time, back quite a few years, and I would make all my purchases just after the cut off to get 60 days of free interest. With money market rates near 10% I made a tidy sum on the float. But I never fell in love with the plastic.

Just a thought. We all need a real life outside of credit.


Of course, now that I think of it, I do have a rather odd relationship with my Gold Card.......
Gold American Express, since 1979,
back when it meant something.
And a few other cash back cards as well.

MemberSince99
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Postby MemberSince99 » Sat Feb 15, 2014 7:30 pm

Well, I guess good for those people then. They obviously must not hang on MyFICO.


I have no regrets about diversifying. Especially after the OCCU Duck card debacle. That's one I'd like to get back but that's how it goes. You just never know which of these guys is going to go totally flaky or out of business or change their T&C or do whatever other things, so I like having options and not being locked in with one lender. Let them compete for my business and may the best lender win.


That said, I'm not looking at any other cards right now for two reasons - first, there aren't any I'm interested in that I don't have or haven't had, and second and maybe most important I am going for a mortgage in a few months.


But if you're thinking I might be regretting getting the cards I have, I'm afraid you may be disappointed. I'm glad to have them all, and hope to keep and grow them. We'll see.

Drudai
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Postby Drudai » Sat Feb 15, 2014 7:55 pm

I'm laughing only because your garden is starting to look like a desert! :o

Sucks about the rate, was there an into period anyway?
[size=60]
Chase Freedom: $800
Chase Slate: $500
Discover It: $2000
Sears: $2000
US Bank: $500
AMEX BCE: $2000
[/size]

takeshi
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Postby takeshi » Sat Feb 15, 2014 11:31 pm

( nm )

MemberSince99
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Postby MemberSince99 » Sun Feb 16, 2014 12:41 am

Drudai wrote:I'm laughing only because your garden is starting to look like a desert! :o

Sucks about the rate, was there an into period anyway?



That whole "garden" thing is a joke you know not meant to be taken seriously. Though honestly I AM kind of in there because I can't do anything now with a mortgage on the horizon. But it's not like I'm "gardening" the way the FICO people do.


Yes there is an intro period but since I don't carry balances, I didn't bother to read what it was. Honestly it's meaningless, EXCEPT for it at least in my mind kind of gives you an idea of where you really stand with them. The limit is one indication and that's not bad, but the rate says something else. I'd love to know more about how they decide that, but I haven't got a clue how they do it.

MemberSince99
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Postby MemberSince99 » Sun Feb 16, 2014 12:53 am

Oh as an FYI, I just realized that I noticed the card says "Signature" on the front, but it does report a hard limit to the CRAs. BofA did not used to do that by default with Signature cards so they must have changed that, in case anyone is curious.

Drudai
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Postby Drudai » Sun Feb 16, 2014 10:19 am

I know it's mostly a joke, especially for people like us who loves that approval high. I wanted to garden for a decent rate on an auto loan, but we just went ahead and bought the car outright. I guess I'll have to wait a few more years to get an auto loan reporting, now. (Boo, I'd like to see the boost in my score from mix of credit...)

NOW are you in the garden or is there other secret cards lurking in the dark for you?
[size=60]

Chase Freedom: $800

Chase Slate: $500

Discover It: $2000

Sears: $2000

US Bank: $500

AMEX BCE: $2000

[/size]



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