Author Topic: Misc Credit Card Questions  (Read 2402431 times)

Offline TzviR

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Re: Misc Credit Card Questions
« Reply #11300 on: November 21, 2024, 01:37:13 PM »
And that removes from the report? Isn't that like closing a card which is still on the report and counts for 5/24?
IINM yes. I think it goes away completely but I am not entirely sure. Hopefully someone else can confirm

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Offline yAy

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Re: Misc Credit Card Questions
« Reply #11301 on: November 21, 2024, 02:49:46 PM »
Will applying the same day for a personal and a business card from chase be more than 1 pull?
YMMV

Offline yAy

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Re: Misc Credit Card Questions
« Reply #11302 on: November 21, 2024, 03:02:14 PM »
Is this new? that chase has the pre approved offer with no pull on your credit?!

Offline dovy2

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Re: Misc Credit Card Questions
« Reply #11303 on: November 21, 2024, 03:45:59 PM »
Is this new? that chase has the pre approved offer with no pull on your credit?!

doesn't say you wont get a pull once you apply for an actual card.
they're saying they wont pull to show you pre-appoved offers.

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Re: Misc Credit Card Questions
« Reply #11304 on: November 22, 2024, 10:05:11 AM »
Any ideas for which card to open next?

Looking for a card that has a downgrade path - that I won't have to close if I don't want to deal with the annual fee (for a better history and revolving credit).
Also would rather not have to hit a huge spend (not more than 3-4000 in 3 months).

I already have the freedom unlimited, sapphire preferred, ink cash, ihg, united. Delta, Hilton, Amex Everyday. C1 VX. Barclay AAviator.

Appreciate all suggestions.

Offline Chester7

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Re: Misc Credit Card Questions
« Reply #11305 on: November 25, 2024, 08:41:52 PM »
Any DPs on how long it takes for a SUB from Barclays to post?

Offline TzviR

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Re: Misc Credit Card Questions
« Reply #11306 on: November 25, 2024, 10:22:08 PM »
Any DPs on how long it takes for a SUB from Barclays to post?
I think when the statement closes that you met the requirements but not sure

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Online shulem92

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Re: Misc Credit Card Questions
« Reply #11307 on: November 25, 2024, 10:50:08 PM »
I think when the statement closes that you met the requirements but not sure
+1

Offline Chester7

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Re: Misc Credit Card Questions
« Reply #11308 on: November 25, 2024, 11:35:16 PM »


I think when the statement closes that you met the requirements but not sure



+1
Thanks!

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Re: Misc Credit Card Questions
« Reply #11309 on: November 28, 2024, 10:14:13 AM »
Any ideas for which card to open next?

Looking for a card that has a downgrade path - that I won't have to close if I don't want to deal with the annual fee (for a better history and revolving credit).
Also would rather not have to hit a huge spend (not more than 3-4000 in 3 months).

I already have the freedom unlimited, sapphire preferred, ink cash, ihg, united. Delta, Hilton, Amex Everyday. C1 VX. Barclay AAviator.

Appreciate all suggestions.
In context of this, a different question.

At what point is keeping cards open for a longer credit history no longer needed?

My oldest non-AU card is from beginning of 2020, since then I have around 8 cards that I'll keep open long term.

Would opening cards now then closing after a year going to hurt my credit score?

Offline ckmk47

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Re: Misc Credit Card Questions
« Reply #11310 on: November 28, 2024, 12:03:59 PM »
In context of this, a different question.

At what point is keeping cards open for a longer credit history no longer needed?

My oldest non-AU card is from beginning of 2020, since then I have around 8 cards that I'll keep open long term.

Would opening cards now then closing after a year going to hurt my credit score?
Only the oldest card needs to stay open. It makes your credit history longer.
(IF you've got cards open 26 years, 21 years and so on, closing 26 yo card may  make no difference.  But if your cards are 6 years and 1 year, the additional 5 years of credit history will be significant.)
Every time  you lose credit your score gets a ding.  Usually only for a short time. So when you close cards, try to move the credit line to another card from the same bank. But then when you open a new card with them, you may have to go to reconsideration and move credit to your new card because they wont give you any more total credit. 
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Re: Misc Credit Card Questions
« Reply #11311 on: November 28, 2024, 01:54:42 PM »
Only the oldest card needs to stay open. It makes your credit history longer.
(IF you've got cards open 26 years, 21 years and so on, closing 26 yo card may  make no difference.  But if your cards are 6 years and 1 year, the additional 5 years of credit history will be significant.)
Every time  you lose credit your score gets a ding.  Usually only for a short time. So when you close cards, try to move the credit line to another card from the same bank. But then when you open a new card with them, you may have to go to reconsideration and move credit to your new card because they wont give you any more total credit.
Got it, thank you for the clear answer!
There isn't anything about the average age of account?

Offline Yo ssi

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Re: Misc Credit Card Questions
« Reply #11312 on: November 28, 2024, 10:33:44 PM »
Got it, thank you for the clear answer!
There isn't anything about the average age of account?
The average age of account is what the age of oldest account is about. The older the better.
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Offline dealtastic

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Re: Misc Credit Card Questions
« Reply #11313 on: November 29, 2024, 01:01:01 PM »
In context of this, a different question.

At what point is keeping cards open for a longer credit history no longer needed?

My oldest non-AU card is from beginning of 2020, since then I have around 8 cards that I'll keep open long term.

Would opening cards now then closing after a year going to hurt my credit score?
Even when closing a card, it will continue aging on your report for another 10 years. After 10 years, it will drop off the report and no longer count towards the average age of your cards.

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Re: Misc Credit Card Questions
« Reply #11314 on: November 29, 2024, 01:34:58 PM »
Even when closing a card, it will continue aging on your report for another 10 years. After 10 years, it will drop off the report and no longer count towards the average age of your cards.
10? Isn’t it 7?

Offline dealtastic

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Re: Misc Credit Card Questions
« Reply #11315 on: November 30, 2024, 04:15:09 PM »
10? Isn’t it 7?
It's 7 years for derogatory information, otherwise 10 years.

Offline BCL

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Re: Misc Credit Card Questions
« Reply #11316 on: December 10, 2024, 02:50:44 AM »
Using a business cc for car rental insurance.
Do they enforce the requirement that it is for a business purpose?

Any experience where the insurance was needed and they did or didn't verify the purpose of the rental?

Offline TzviR

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Re: Misc Credit Card Questions
« Reply #11317 on: December 10, 2024, 10:17:28 AM »
Using a business cc for car rental insurance.
Do they enforce the requirement that it is for a business purpose?

Any experience where the insurance was needed and they did or didn't verify the purpose of the rental?
No personal experience but wouldn't recommend doing it

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Re: Misc Credit Card Questions
« Reply #11318 on: December 10, 2024, 01:06:12 PM »
Has anyone had success getting a store to change their "description" so that it comes up as the correct category for the Citi Custom Cash card? (It's correct when I use my amex there but on my Citi CC it comes up as "nondurable goods, not elsewhere classifi" so it doesn't count for the 5x bonus points.)

I chatted with Citi and they said that the merchant needs to change their description.
Workflowy. You won't know what you're missing until you try it.

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Re: Misc Credit Card Questions
« Reply #11319 on: December 10, 2024, 11:14:03 PM »
Using a business cc for car rental insurance.
Do they enforce the requirement that it is for a business purpose?

Any experience where the insurance was needed and they did or didn't verify the purpose of the rental?
A friend of mine had a claim with chase, and they required a letter from the business that it was rented for business purposes.