Author Topic: Misc Credit Card Questions  (Read 1980512 times)

Offline ydf

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Re: Misc Credit Card Questions
« Reply #11060 on: January 25, 2024, 07:12:39 PM »
From what time does chase start counting the 3 months to meet spend threshold? From the date applying or date getting approved?

Is 3 months a certain amount of days? Or 3 months is the exact same day in the month 3 months later as example if I got approved 10/26 I have

Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #11061 on: January 25, 2024, 07:25:43 PM »
IINM before your 3rd statement.
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Re: Misc Credit Card Questions
« Reply #11062 on: January 25, 2024, 11:33:48 PM »
Can I close my Amex business platinum card after I do the Dell and airline spend but before I get credited for it?

Offline Deals dealer

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Re: Misc Credit Card Questions
« Reply #11063 on: January 25, 2024, 11:38:35 PM »
How long does it take to receive the 35% points back on the Amex biz plat? And will I still get it if I close my card account before?

Offline jackofall

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Re: Misc Credit Card Questions
« Reply #11064 on: January 31, 2024, 08:58:30 AM »
Best Corp card beside Amex?
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Offline JACKBLUE

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Re: Misc Credit Card Questions
« Reply #11065 on: January 31, 2024, 09:10:54 AM »
How long does it take to receive the 35% points back on the Amex biz plat?
30 days

Offline oldguy

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Re: Misc Credit Card Questions
« Reply #11066 on: February 01, 2024, 12:10:16 AM »

Offline TzviR

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Re: Misc Credit Card Questions
« Reply #11067 on: February 04, 2024, 07:58:22 PM »
Does the Citi 1/8 rule mean that if I apply and get declined for a card I cant apply for another Citi card for 8 days?

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Offline lcm

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Re: Misc Credit Card Questions
« Reply #11068 on: February 08, 2024, 11:23:22 PM »
Are business cc's any different than personal in the sense that they should or shouldn't be almost fully paid before closing?

My understanding is that only for personal cards does paying off most of the balance makes a difference, and you should close with a small balance, so it at least is considered active, but isn't carrying a large balance which could negatively affect the credit score.

Now being that a business card isn't part of the considerations of your credit score, a large balance when closing won't negatively affect your score. Correct?

My question is, is there a concern that if you do choose to pay off almost all of the balance before statement closing, it will be flagged for credit cycling?

Thank you

Offline ckmk47

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Re: Misc Credit Card Questions
« Reply #11069 on: February 09, 2024, 12:10:48 AM »
Are business cc's any different than personal in the sense that they should or shouldn't be almost fully paid before closing?

My understanding is that only for personal cards does paying off most of the balance makes a difference, and you should close with a small balance, so it at least is considered active, but isn't carrying a large balance which could negatively affect the credit score.

Now being that a business card isn't part of the considerations of your credit score, a large balance when closing won't negatively affect your score. Correct?

My question is, is there a concern that if you do choose to pay off almost all of the balance before statement closing, it will be flagged for credit cycling?

Thank you
The reason to pay off most of the balance before the statement closes is to help keep your credit score up. Business cards aren't tracked on your credit report, so there's no reason to do it.
As for getting flagged for credit cycling, if you don't use the credit again in the same month it shouldn't be a problem.
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Offline lcm

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Re: Misc Credit Card Questions
« Reply #11070 on: February 09, 2024, 12:41:21 AM »
The reason to pay off most of the balance before the statement closes is to help keep your credit score up. Business cards aren't tracked on your credit report, so there's no reason to do it.
As for getting flagged for credit cycling, if you don't use the credit again in the same month it shouldn't be a problem.
Thanks for the response.
The question is, if it regular spend, and close enough to the end of the cycle, would they look at it like credit cycling.

Offline ckmk47

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Re: Misc Credit Card Questions
« Reply #11071 on: February 09, 2024, 02:24:53 AM »
Thanks for the response.
The question is, if it regular spend, and close enough to the end of the cycle, would they look at it like credit cycling.
Not relevant what you spent on.
If you don't reuse the credit in the same month, it won't be viewed as cycling.
Cycling is using a lot of the credit, paying it off, and then spending again in the same month / billing cycle.
Using the same credit more than once in the month makes them worry you're over extending  yourself.
( Joke: And they  get indignant - they don't think you should be spending that much in a month - they gave you a credit limit for a reason!)
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Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #11072 on: February 09, 2024, 08:11:47 AM »
Not relevant what you spent on.
If you don't reuse the credit in the same month, it won't be viewed as cycling.
Cycling is using a lot of the credit, paying it off, and then spending again in the same month / billing cycle.
Using the same credit more than once in the month makes them worry you're over extending  yourself.
( Joke: And they  get indignant - they don't think you should be spending that much in a month - they gave you a credit limit for a reason!)
In short if your credit limit is $4000 don't spend more then $4000. Don't matter how many times you pay up.

It actually makes 0 sense credit wise IMO but hey we don't decide.
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Offline Iz

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Re: Misc Credit Card Questions
« Reply #11073 on: February 14, 2024, 05:10:55 PM »
Can Amex MR points be transferred to United miles?

Offline TzviR

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Re: Misc Credit Card Questions
« Reply #11074 on: February 14, 2024, 05:18:38 PM »
Can Amex MR points be transferred to United miles?
No. Although you can transfer to LM to book UA flights

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Offline YOSSI170

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Re: Misc Credit Card Questions
« Reply #11075 on: February 15, 2024, 04:35:18 PM »
What's a good cc for lumber purchases?

Offline yungermanchik

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Re: Misc Credit Card Questions
« Reply #11076 on: February 15, 2024, 07:30:28 PM »
What's a good cc for lumber purchases?
homedepot/lowes gift cards at 5% off with ink cash (you can probably do better buying gift cards here)
If you want to make the purchases on the credit card, the Lowe's Business Card gives a 5% discount plus 2% cash back in Lowe's.
Homedepot also has CC, not sure the details.
I do have the Lowe's card and we can both gain if you open one. But you may do better with gift cards either purchased with ink at office supply stores or freedom at quarterly categories, or cash here or here.
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Offline YOSSI170

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Re: Misc Credit Card Questions
« Reply #11077 on: February 15, 2024, 09:14:44 PM »
I'm doing close to 100k in lumber charges every month and it's usually one charge so need a chase cc that earns at least 2 points
« Last Edit: February 15, 2024, 09:38:00 PM by YOSSI170 »

Offline ari3

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Re: Misc Credit Card Questions
« Reply #11078 on: February 15, 2024, 10:19:31 PM »
I want to apply for a new chase business card and being I already have a few am concerned about them granting me approval of more credit. Should I cancel a card or transfer the credit line to another card and then cancel?

Offline 1najol1

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Re: Misc Credit Card Questions
« Reply #11079 on: February 15, 2024, 10:35:30 PM »
I'm doing close to 100k in lumber charges every month and it's usually one charge so need a chase cc that earns at least 2 points
If youíre looking for a chase card, I think the Ink Business Premier will work best for you it Earns unlimited 2.5% total cash back on purchases of $5,000 or more. But itís cash back only not UR.