Author Topic: Misc Credit Card Questions  (Read 2018628 times)

Offline ckmk47

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Re: Misc Credit Card Questions
« Reply #11020 on: November 26, 2023, 12:15:04 AM »
When closing a cc is it recommended to transfer the line of credit if you donít particularly need it, or can too much credit line can be detrimental to future openings?
You move the credit line because a reduction in credit line will ding your credit score temporarily.
But financial institutions have an upper limit to the amount of credit they think you can carry.  So if you have too much available credit, even if you're not using it, they won't extend more credit - making it harder to open new cards. 
One way around that is to call reconsideration and ask to move existing credit onto the new card you want to open.
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Offline Shaya E

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Re: Misc Credit Card Questions
« Reply #11021 on: November 26, 2023, 12:22:03 AM »
Does Chase do the same thing if I request?
Chase automatically reports your balance again after you pay it down to 0. No need to call.

Offline HoKo

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Re: Misc Credit Card Questions
« Reply #11022 on: November 26, 2023, 01:47:06 PM »
You move the credit line because a reduction in credit line will ding your credit score temporarily.

That's not necessarily true. The reduction in credit line will impact your total utilization ratio (i.e. how much total credit are you using divided by the credit available to you), but if you have lots of credit cards (as many of us do) then closing one card may not move the needle much.

For example, lets say my credit card balance each month is around $10K...but I have $350K in total credit card credit lines available to me. If I close one card and now have $335K available, that really doesn't make a difference in my utilization ratio.

Offline Gvann

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Re: Misc Credit Card Questions
« Reply #11023 on: December 01, 2023, 09:44:30 AM »
are there any cards that product change into a hyatt card?

Offline jose34

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Re: Misc Credit Card Questions
« Reply #11024 on: December 02, 2023, 11:06:44 PM »
For the past two years Chase/Southwest have come out with spend  and get the companion pass with the signup bonus around December/January time. The current offers expires soon. What are the chances this type of offer is next?

Offline Gvann

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Re: Misc Credit Card Questions
« Reply #11025 on: December 11, 2023, 02:47:40 PM »


Is this new? Credit card agreement on application page for ink preferred

Online baron

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Re: Misc Credit Card Questions
« Reply #11026 on: December 11, 2023, 06:50:00 PM »


Is this new? Credit card agreement on application page for ink preferred
Quote
Officially, you might not be approved for this card if you have received a signup bonus on an Ink Preferred card for the same business within the past 24 months.
https://www.dansdeals.com/credit-cards/spend-threshold-slashed-highest-public-offer-ever-chase-ink-preferred-now-offering-100000-ultimate-rewards-point-signup-bonus/

Offline Gvann

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Re: Misc Credit Card Questions
« Reply #11027 on: December 12, 2023, 03:36:22 PM »
Is that only ink preferred and no other card?

Online Mf1

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Re: Misc Credit Card Questions
« Reply #11028 on: December 12, 2023, 06:24:30 PM »
Any amex transfer partners that allows selling point according to its ts and cs?

Online baron

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Re: Misc Credit Card Questions
« Reply #11029 on: December 12, 2023, 06:33:35 PM »
Is that only ink preferred and no other card?
Thatís what I always assumed
And never understood this line
Quote
Officially, you might not be approved for this card if you have received a signup bonus on an Ink Preferred card for the same business within the past 24 months.

However, if you are approved for any Ink card, you will get the signup bonus.
I get it means not like Amex approval with no signup system but what is the implication, that itís not enforced or referring to IC & IU? Seemed to be referring to preferred.

Offline DansDealsLover

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Re: Misc Credit Card Questions
« Reply #11030 on: December 21, 2023, 10:04:29 PM »
Did Amex gold consumer card discontinue the $100 airline credit?

Offline MiInvstr

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Re: Misc Credit Card Questions
« Reply #11031 on: December 21, 2023, 10:09:33 PM »
Did Amex gold consumer card discontinue the $100 airline credit?
Yes

Offline DansDealsLover

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Re: Misc Credit Card Questions
« Reply #11032 on: December 21, 2023, 11:56:04 PM »
Yes
Thanks. Is it no longer worth the $250 annual fee? Other than $120 dining and $120 Uber cash what other benefits can I utilize? I enjoy the 4MR/$ on groceries but may be other cards that are cheaper for that?

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Re: Misc Credit Card Questions
« Reply #11033 on: December 25, 2023, 08:49:44 PM »
Thanks. Is it no longer worth the $250 annual fee? Other than $120 dining and $120 Uber cash what other benefits can I utilize? I enjoy the 4MR/$ on groceries but may be other cards that are cheaper for that?
Blue cash proffered has 6pc cash back at supermarkerts

Offline DansDealsLover

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Re: Misc Credit Card Questions
« Reply #11034 on: December 25, 2023, 09:05:26 PM »
Blue cash proffered has 6pc cash back at supermarkerts
How much is the annual fee and what other benefits are there? Iím getting $240 of value from the gold besides for the 4x on groceries so needs to be worth switching

Offline MiInvstr

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Re: Misc Credit Card Questions
« Reply #11035 on: December 25, 2023, 11:17:48 PM »
How much is the annual fee and what other benefits are there? Iím getting $240 of value from the gold besides for the 4x on groceries so needs to be worth switching
Uber credit and $10 dining is worth full value for you? The af is $95 on the Blue Cash Preferred

Offline etech0

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Re: Misc Credit Card Questions
« Reply #11036 on: December 25, 2023, 11:36:33 PM »
How much is the annual fee and what other benefits are there? Iím getting $240 of value from the gold besides for the 4x on groceries so needs to be worth switching
Depending on how much you spend on groceries per year, it might make sense to get both
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Offline imayid2

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Re: Misc Credit Card Questions
« Reply #11037 on: December 26, 2023, 12:14:01 AM »
Depending on how much you spend on groceries per year, it might make sense to get both
Can get a blue cash for spouse too

Offline etech0

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Re: Misc Credit Card Questions
« Reply #11038 on: December 26, 2023, 12:26:16 AM »
Can get a blue cash for spouse too
yup
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Offline DansDealsLover

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Re: Misc Credit Card Questions
« Reply #11039 on: December 26, 2023, 12:28:55 AM »
Depending on how much you spend on groceries per year, it might make sense to get both
I donít exclusively use the Amex cards for groceries. I use my Chase freedoms (multiple) for one quarter when I get 5x UR on groceries (coming up Jan to March FYI)