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Messages - newdealseeker

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61
statement?? Question?? Or answer to that is huca even without prime if u meant it as a statement.
How do you do this? Place order first and then call in to adjust?

62
Credit Cards / Re: Amexserve/Softcard
« on: April 12, 2016, 10:24:12 PM »
Q: Do the daily load limits correspond to the date, or a 24 hr period? Also, are the monthly loads a 30 day period, or a calendar month?
Goes by date, you can do 1 before midnight, the other right after.
Calendar month. Resets on the 1st of the month.

63
Credit Cards / Re: Amexserve/Softcard
« on: April 12, 2016, 10:02:03 PM »
never did GC only CC, some times withdrawaled them to bank account and some times mailed to a freind. But I always made sure, never to deposit checks that were send to 2 different people into 1 account (maybe thats the trick)
I also never did GC only CC, never withdrew to bank account, only mailed a check once and did many bill pays (cc bills & utility bills). Got shut down.
Other card same thing, only never sent even 1 check, and didn't load for a long time. Still up and running.
 :-\

64
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 12, 2016, 12:28:46 PM »
I just updated the wiki.
Very clear now.

65
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 12, 2016, 01:37:32 AM »
haha same with my amex plat, thats a charge card though so no difference
citi att is a credit card though, happened to me there this past saturday
I wonder if it really doesn't make a difference. After all it does show up on your report. But then again, how would they figure the utiltization ratio if there's no limit

66
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 08:46:13 PM »
Again, why to $0 on chase? Doesnt it negatively affect?
Not if you have 1 card as the $2 trick. All others can be $0. Just saying you can do that in the mean time to help you for this month only. For next month start strategizing now...
And also make sure to pay that last card by the due date!!

67
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 08:41:58 PM »
Ok. Need to implement the $2 asap because of a mortgage. I guess next month
According to what Mendelssonhn explained, maybe you don't need to wait a full month. If you have more than 1 Chase card that reported a balance, you can just pay down to $0 all of them except for 1, so they'll report it mid-cycle, and leave the 1 with the lowest balance unpaid.

68
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 04:21:25 PM »
We might be talking about different things. If you carry a balance it takes 2-3 months to get the grace period back. AFAIK I have never been charges interest on new charges if I PIF and never carried a balance.
Same here. I've never been charged interest. I never CARRIED a balance but most months I HAD a balance.
And wow, if I'd ever carry a balance, then I'd be charged interest on new charges for the next 3 months? Wow, wow. I can see how people can easily go into credit card debt this way.

69
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 03:51:05 PM »
BOA and also IIRC Citi. I'm not sure which others.
Interesting, because at some point I used to use my BoA card as my everyday card until they changed the rewards program. (They used to give me 1.5% cash back + an extra 25% at redemption=1.87)
I never paid interest before. If they would then I would've had to stop using my card every month after statement closes and first pay in full before charging anything. But I don't think I ever did that. I definitely didn't pay attention to it. I just made sure not to miss the due date. Maybe that's something new? I haven't used that card since end of Oct when they changed the program.

70
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 03:12:02 PM »
The grace period is on the statement balance, not new purchases.

This practice varies by issuer.

This is the reason I always PIF before using cards again though.
But from what I knew, the loss of the grace period on new purchases is only if you carry a balance. So that should mean that it doesn't apply only if part of the statement balance was NOT from new charges.
Fact is I don't pay interest, and never did. And even before I started doing the trick I didn't hold off on using my card until paid in full. I would just use the card as usual and pay off the balance by the due date.
You did say "with many issuers" so maybe you're referring to a card issuer I don't deal with.
Thanks

71
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 03:03:35 PM »
With many issuers, if you have a balance after the statement and put new charges on the card, you will be charged interest on the new purchases.
Don't they have a grace period until the next due date? And they do give you time to pay that balance in full, don't they? From what you're saying it's possible to pay interest even on new charges, and even before the statement closes, and even if they'll be paid in full?

72
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 03:01:23 PM »
If you PIF, you will not pay interest.

Having the balance reported and the effects to your Fico is another story.
I just got confused because I'm not bringing my balance to $0, but I AM paying in full.

73
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 02:49:18 PM »
Since you don't think it's important, move along.

This is helpful to many people.

Just because you don't think it's valuable doesn't mean it's OK to poison the topic for others.
With almost every topic on this forum there are some who don't think it's worth their time, while others really gain from reading it. Keep it up on your end.

74
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 02:48:01 PM »
Trailing interest is the amount of interest that accrues between when a credit card bill is sent, and when payment is received. Also called "residual interest," It applies only when you carry a balance on your credit card.
So I guess this doesn't apply to me. Because I DO have a balance but I don't CARRY a balance since I make sure to fully pay the amount that was on the previous statement. Am I missing something?

75
Credit Cards / Re: $2 trick to increase FICO score.
« on: April 11, 2016, 02:45:12 PM »
When you are using Chase cards you have to be careful because most of the time (not all the time) when paying off mid-cycle it will report to the CRA's. This stops the trick as you no longer have $2 reporting.
Even if the new balance is not $0? Experience? I never checked that detail on my report mid-cycle so I don't know from experience.

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