Misc Credit Card Questions

[TimT]

lets say they max it out, they will pay the interest

Certainly won't help the score.
http://forums.dansdeals.com/index.php?topic=36832.0

[mord1]

Bad for your score

Certainly won't help the score.
http://forums.dansdeals.com/index.php?topic=36832.0

even though it is a business card? Dan always says business cards don't affect your score, I just never new how far that went. What about if I got a new card with the Kollels FEIN #? does that change it? and it had the kollels name on it?

[ckmk47]

A kollel wants to use my business card for everyday spending, I know that they will not be able to pay the full amount back, but will pay the minimum. Is that bad for my CR or CS? or as long as they make the minimum I will be fine? I would give them Amex or chase

Will they eventually be able to pay it back?  Or will it keep rolling over ?  And then they max out the next guy's card, etc.
Good intentions don't actually pay the bill.

[Wizard]

If I have a Freedom card and get approved for a Sapphire card, will I immediately be able transfer to airline miles or I'll need to get the card in mail first? TIA

[mord1]

Will they eventually be able to pay it back?  Or will it keep rolling over ?  And then they max out the next guy's card, etc.
Good intentions don't actually pay the bill.

yes, eventually they will be able to get caught up and pay it back

[TimT]

yes, eventually they will be able to get caught up and pay it back

How'd they guarantee it ?

[mord1]

How'd they guarantee it ?

fundraising, board members will provide loans if necessary, I really am not worried about NOT getting paid back on my card. They will pay back, I am concerned about the affect on my CR on CL

[LoLo]

They will pay the interest

Make sure to discuss it with your LOR, ain't that simple.

[Zalc]

Bad for your score

Even though the account does not show on the reports?

(Assuming on time payments)

[emjee]

Make sure to discuss it with your LOR, ain't that simple.

-1

[emjee]

I closed a bgr card in the past, but i got a spend 5k 75k mr bonus offer on my account & i applied for it & i was successful & got the 75k mr already so i want to know can i use this offer again? my offer is still available on my online account

Check the language

A kollel wants to use my business card for everyday spending, I know that they will not be able to pay the full amount back, but will pay the minimum. Is that bad for my CR or CS? or as long as they make the minimum I will be fine? I would give them Amex or chase

If I were you I wouldn't do it.
Why are they coming to you ? Why don't they have their own cc? Do they owe other people money . Do they not care about rewards (irresponsible irresponsible a kollel if so) ? How will they garantee the miney owed? Etc...
If you do the kollel a favor and maybe even gain out of it as well , help them get their own credit cards .

[JTZ]

even though it is a business card? Dan always says business cards don't affect your score, I just never new how far that went.

Has no effect on your score unless it is one of the very few that report. Chase and Amex don't report.

[ckmk47]

If I have a Freedom card and get approved for a Sapphire card, will I immediately be able transfer to airline miles or I'll need to get the card in mail first? TIA

My guess is that as soon as it shows up in your Chase on line account, you're good to go.  Although likely it can be done on the phone even sooner. Although I wonder if immediately.

[LoLo]

-1

I'm talking from experience. BTDT.

[dealfinder85]

My guess is that as soon as it shows up in your Chase on line account, you're good to go.  Although likely it can be done on the phone even sooner. Although I wonder if immediately.

its immediately

[Wizard]

My guess is that as soon as it shows up in your Chase on line account, you're good to go.  Although likely it can be done on the phone even sooner. Although I wonder if immediately.

its immediately

Thanks guys! So the points from the Freedom will be in the same account with the Sapphire and I'll immediately be able to transfer to United?

[mord1]

Check the language If I were you I wouldn't do it.
Why are they coming to you ? Why don't they have their own cc? Do they owe other people money . Do they not care about rewards (irresponsible irresponsible a kollel if so) ? How will they garantee the miney owed? Etc...
If you do the kollel a favor and maybe even gain out of it as well , help them get their own credit cards .

What I don't understand is "their own cc" whats the Nafka minah if I open a new cc with their fein and my name or if  they just use my business cc, isn't either way tied back to me?

[YOSSI170]

Thanks guys! So the points from the Freedom will be in the same account with the Sapphire and I'll immediately be able to transfer to United?

No, you will have to transfer it from your Freedom account to your Sapphire account and from there transfer to United

[Wizard]

No, you will have to transfer it from your Freedom account to your Sapphire account and from there transfer to United

Thank you.
Will I need the Sapphire card number in order to transfer from the Freedom to Sapphire?

[TimT]

Thank you.
Will I need the Sapphire card number in order to transfer from the Freedom to Sapphire?

IIRC the first time you need to enter the full 16 or the last four. SCMIIW