Author Topic: Misc Credit Card Questions  (Read 614355 times)

Offline @Yehuda

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Re: Misc Credit Card Questions
« Reply #9075 on: December 11, 2019, 10:41:31 AM »
If you've gotten any Chase card in the last 30 days. There is a 1/30 rule guideline (1 card every 30 days) for the business cards, so you want to wait until you're at least past that. You'll get a denial unless you haven't gotten ANY (personal or business) Chase cards in the last 30 days.
So firsr biz then after approval a personal should work.
Thank you. I applied for biz first (got 7-10 days), but didn't wait for approval before applying for a personal. Guess we'll see.
Update: recon was able to approve the biz first. Then next day recon approved the personal. B"h. Now I'm hearing that getting 2 Chase cards in a short period of time is a red flag these days... any idea on that?

Online Joel2

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Re: Misc Credit Card Questions
« Reply #9076 on: December 11, 2019, 10:44:23 AM »
Update: recon was able to approve the biz first. Then next day recon approved the personal. B"h. Now I'm hearing that getting 2 Chase cards in a short period of time is a red flag these days... any idea on that?
Its recommended to wait 3 months in between chase applications.

Offline Alexsei

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Re: Misc Credit Card Questions
« Reply #9077 on: December 11, 2019, 04:36:11 PM »
I got this email from discover, Iv'e never kept a balance on my cc, wondering what effect it will have on my cs if I utilize 50%+ of my available credit on this card and pay only minimum payments till the promo expires?

כל ההתחלות קשות, בלי התחלה קשה ביותר
מרבה נכסים מרבה דאגה, בלי נכסים דאגה ביותר

Offline Pad18

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Re: Misc Credit Card Questions
« Reply #9078 on: December 11, 2019, 04:53:33 PM »
I got this email from discover, Iv'e never kept a balance on my cc, wondering what effect it will have on my cs if I utilize 50%+ of my available credit on this card and pay only minimum payments till the promo expires?



Credit score is calculate also based on your utilisation. So your score will drop I'd you u are using 50% of it.

However, if you don't have any plans for a mortgage/loan/lease or so , and you need that money. It's the cheapest option do do. Again it's depends your nedes.

Keep in mind that there's business card with 0%apr as well and they do not report, so it will be a better option to consider..

Offline Alexsei

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Re: Misc Credit Card Questions
« Reply #9079 on: December 11, 2019, 04:57:57 PM »
Credit score is calculate also based on your utilization. So your score will drop I'd you u are using 50% of it.
Utilization of each card or of total credit ?
כל ההתחלות קשות, בלי התחלה קשה ביותר
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Offline Pad18

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Re: Misc Credit Card Questions
« Reply #9080 on: December 11, 2019, 05:04:39 PM »
Utilization of each card or of total credit ?

Total, but in general the bank's don't like to see that you use all the limit of a card, it's makes them more worry. (Might be different if it's a 0% apr, as they understand that's it's for that reason ..)

Online TimT

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Re: Misc Credit Card Questions
« Reply #9081 on: December 17, 2019, 09:08:40 AM »
With all the recent protection changes is amex still the best to use for expensive electronics ?

Online TimT

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Re: Misc Credit Card Questions
« Reply #9082 on: December 17, 2019, 01:35:53 PM »
With all the recent protection changes is amex still the best to use for expensive electronics ?
BUMP. The line behind me is building up & I'm getting dirty looks. :)

Offline stooges44

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Re: Misc Credit Card Questions
« Reply #9083 on: December 17, 2019, 02:58:52 PM »
BUMP. The line behind me is building up & I'm getting dirty looks. :)

Hahahahaha!! My understanding is that all the amex changes are taking affect after 12/31.
If it's not free shipping it's not worth it.

Online TimT

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Re: Misc Credit Card Questions
« Reply #9084 on: December 17, 2019, 03:06:33 PM »
Hahahahaha!! My understanding is that all the amex changes are taking affect after 12/31.
But changes would affect prior purchases, no ?

Offline stooges44

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If it's not free shipping it's not worth it.

Online TimT

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Re: Misc Credit Card Questions
« Reply #9086 on: December 17, 2019, 04:16:54 PM »
Is Amex still better than Chase & Barclay for long term protection/warranty ?

Online yossig

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Re: Misc Credit Card Questions
« Reply #9087 on: December 19, 2019, 02:44:32 PM »
If I brought an item with a chase card and they closed the card, can I still utilize the extended warranty benefit?

Offline avrohomgelb

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Re: Misc Credit Card Questions
« Reply #9088 on: December 19, 2019, 03:25:53 PM »
Don't see any international fees on Freedom card which was downgraded from Preferred, can I rely on this for the future?

Online Agoldsc1

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Re: Misc Credit Card Questions
« Reply #9089 on: December 19, 2019, 04:45:57 PM »
What's the best card for approx $45k of legal fees?