Author Topic: Should I use all of my credit cards at least once a month?  (Read 18833 times)

Offline APoshiterYid

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Re: Should I use all of my credit cards at least once a month?
« Reply #30 on: November 17, 2011, 08:56:46 PM »
WARNING! Total CC-N00B Q:
When we are saying leave a dollar on the card, I assume you mean prepay all and let $1 hit the statement, but then pay it off, right? Not to just keep that $1 accruing interest...
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Offline AJK

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Re: Should I use all of my credit cards at least once a month?
« Reply #31 on: November 17, 2011, 08:57:30 PM »
Accrue interest? Heaven forbid.
2015: 116K bkd | 1.6M brnd | F: OZ,NH,AA,EK | J: UA,CA,TK,DL,TN,AF,VA | LIH,NRT,ROR,PEK,CNS,BOB,MEL,TLV & Pacific Hopper

Offline Nitantnel

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Re: Should I use all of my credit cards at least once a month?
« Reply #32 on: November 17, 2011, 10:07:02 PM »
WARNING! Total CC-N00B Q:
When we are saying leave a dollar on the card, I assume you mean prepay all and let $1 hit the statement, but then pay it off, right? Not to just keep that $1 accruing interest...

With Chase make sure it's 1.01, otherwise you'll get a free dollar!

Offline compddd

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Re: Should I use all of my credit cards at least once a month?
« Reply #33 on: November 17, 2011, 10:51:49 PM »
Get a free dollar? What?

Offline Fan of Dan

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Re: Should I use all of my credit cards at least once a month?
« Reply #34 on: November 17, 2011, 11:20:36 PM »
Get a free dollar? What?
You seem to mind! Lol!

Offline AJK

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Re: Should I use all of my credit cards at least once a month?
« Reply #35 on: November 17, 2011, 11:24:11 PM »
Get a free dollar? What?

Look at DD post on Chase Exclusives.
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Offline scwam

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Re: Should I use all of my credit cards at least once a month?
« Reply #36 on: November 17, 2011, 11:45:40 PM »
With Chase make sure it's 1.01, otherwise you'll get a free dollar!

"Hay dawg, u gotta dolla' ?"

I wondered why my statement never printed once when I only had 72 cents one cycle.

Offline APoshiterYid

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Re: Should I use all of my credit cards at least once a month?
« Reply #37 on: November 18, 2011, 01:52:29 AM »
With Chase make sure it's 1.01, otherwise you'll get a free dollar!
Is that serious? I know they won't bill you for it, but it wont even post as utilized credit?
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Offline HelpMe

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Re: Should I use all of my credit cards at least once a month?
« Reply #38 on: November 18, 2011, 03:22:14 AM »
With Chase make sure it's 1.01, otherwise you'll get a free dollar!
Chase is not the only one it works for.
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Re: Should I use all of my credit cards at least once a month?
« Reply #39 on: November 18, 2011, 03:24:15 AM »
Chase is not the only one it works for.

Just curious, which other banks do this?

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Re: Should I use all of my credit cards at least once a month?
« Reply #40 on: November 18, 2011, 03:27:53 AM »
Just curious, which other banks do this?
There is a thread at FWF that lists them. I will try and find it.
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Offline Saver2000

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Re: Should I use all of my credit cards at least once a month?
« Reply #41 on: November 18, 2011, 09:01:15 AM »
Just curious, which other banks do this?

Has advantage IIRC

Offline bubbles

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Re: Should I use all of my credit cards at least once a month?
« Reply #42 on: November 18, 2011, 09:24:02 AM »
There is a thread at FWF that lists them. I will try and find it.
Here is a copy of the QS on that thread

it's a list of peoples experiences with this

Quote from: FWF QS
Advanta canceled at $1.00/$0.99 (May 2009)
Advanta billed at $1.20

AMEX billed at $1.99
AMEX billed at $0.01
AMEX canceled at 0.49 (first statement: balance is 0.49 but nothing is due; second statement: balance adjusted to zero)
AMEX billed/canceled at $1.00 on odd/even months respectively

Associated Bank billed at $0.99
Associated Bank (Elan) canceled at $.59 (Nov 2011)

BofA billed at $0.01/0.03/$0.49/$0.99/$1.00
BofA Personal Line of Credit (NOT a credit card) canceled at $1.99, $2.26, $2.89

Best Buy Mastercard billed at $1.10

Capital One canceled at $0.99/$1.00
Capital One canceled at $0.01
Capital One Business canceled at $0.99
Capital One billed at $1.01/$1.98/$1.99


Chase now cancels $0.99, previously $1.99

Citi billed for everything, even for a measley $0.02
CitiBusiness billed for $0.99

Citi personal "BALANCE REMOVED DUE TO 3 MOS INACTIVITY" ($0.35)
Citi personal "BALANCE REMOVED DUE TO 3 MOS INACTIVITY" ($0.39)
** Citi personal "Removed balance can be re-applied to the acct as payment within 6(?) months" **

Citizen's Bank Business Card billed at $1.00
Citizen's Bank Business Card CANCELED at $.99

Discover canceled at 1.99 (Sep 2010)
Discover billed at $2.00

ETrade    billed at $1.97

Fifth Third billed at $1.96

First National Bank of Omaha (FNBO) billed at $0.99 (on 1/25/09)
First National Bank of Omaha (FNBO) Biz billed at $1.00 (on 11/25/08)

GM Flexible Earnings (HSBC) billed at .99 (on 02/02/2010)

Hooters (MerrickBank) billed at $1.84
Hooters CANCELED at $1.00

HSBC canceled at $0.92
HSBC billed at $0.95
HSBC billed at $.07

Juniper(Barclays) canceled at $0.99 (Sep 2010)
Juniper(Barclays) billed at $1.99 (Feb 2007)

Keybank MC billed at $0.99/$1.98

National City Business canceled at $1.00
National City Business canceled at $1.99 (1/9/09)

National City Personal Card (Lifespring) billed at $1.00

Orchard Bank (HSBC) billed at $0.99

Macy's Visa billed at $1.00

MBNA billed at $2.02

PNC(Elan) billed at $1.98
PNC(Elan) canceled at $1.00
PNC(Elan) canceled at $1.00 on 01/08/09
PNC(Elan) billed at $1.00 on 02/08/09
PNC(Elan) cancelled at $0.99 on 03/10/09
PNC(non-Elan since Oct'10) billed at $0.99 on 11/10/10

Providian/WAMU canceled at $0.99/$1.00
Providian/WAMU billed at $1.01/$1.94/$1.95/$1.99

Penfed cancelled $0.89 (Nov 2011)
Penfed billed at $0.99

Pulaski cancelled $1.00
Pulaski billed at $1.99

RBS cancelled $0.99

Sears MC (by Citi) canceled at $0.99 (used to be $5.00 but stopped as of 7/01/07)
Sears MC (by Citi) billed at $1.00
Sears (regular - not MC) billed at $4.99.

SunTrust billed at $1.99

USAA canceled $0.93/$0.99
USAA billed at $1.00/$1.99

US Bank Platinmum Visa billed $1.09
US Bank Worldperks Visa cancelled $1.00
US Bank Worldperks Visa billed at $1.36
US Bank Worldperks Visa billed $0.92 (0n 10/6/07)
US Bank Baylor Alumni canceled $1.00 (1/8/09)
US Bank Flexperks Visa cancelled at $0.89 (10/27/11)

Wachovia canceled $1.00, however they did NOT cancel two months in a row.
Wachovia (Signature VISA) did not cancel $1.99 (06/23/2009)
Wachovia (Signature VISA) did not cancel $0.99 (07/23/2009)

Wells Fargo canceled at $1.99 (Sep 2010) ... even on former Wachovia card (Signature VISA)

Zions Bank Visa canceled at $1.98

Offline PETERP

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Re: Should I use all of my credit cards at least once a month?
« Reply #43 on: November 18, 2011, 11:29:34 AM »
With 3 Amex , 3 citi, 3 chase  and 1 BOA I beleive is a MC with a 17k CL That i have not used for years should I spread money around every month?

I want to concentrate on new cards and am using spends to earn bonuses so I wont usually have

Spending ability to WASTE on older cards.

Do you guys cancel or call or get retention bonuses on all of them ?

Quicken ? I need a program called Slowen to keep up with all this stuff.

After 5 months of hanging out , it seems the more I learn, I realize the less I really know !

Offline bubbles

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Re: Should I use all of my credit cards at least once a month?
« Reply #44 on: November 18, 2011, 11:35:30 AM »
I found this on some website but don't remember which one so can't give out a HT to it's creator. You obviously have to input all the data yourself so it's not the most useful for everything (unless I'm missing something) but if you want an overall picture of your cc situation or if you have a lot of cards and want to keep track of their last usage so they shouldn't get closed for inactivity this should do the trick.