DS9VOY

Just called and spoke to someone else. I will get to keep my rewards program and my current cash back earned. Also no hard inquiry is needed. Now I am really considering pulling the trigger on this.

CSR told me account number will stay the same if I go for it so hopefully nothing like that happens......

Hi all, I just got off the phone with Chase asking if I could convert my Chase Freedom card to a Chase Freedom Signature. The CSR said "YES I see that option is available for your account. I see that your interest rate will go up from 9.99% to 13.24%". (big deal I don't carry a balance) "Would you like me to do it?" I asked her two questions first. *The first was if I would lose my accumulated cash back rewards. She said "No you shouldn't" *The second I asked if I would lose my current rewards program. (right now I am on the old grandfathered 3% cash back on the top 5 purchase groups) Her response "I don't think so" So not really definite answers. I told her I would call back after thinking about it. Has anyone done this before? Did it screw up any of these two things? Should I do this? Right now I can't think of any reason not to! It would be my first Visa Signature card. Also does Chase Visa Signature report to the CRAs as account type "Open" and not "Revolving" and thus doesn't factor in to utilization? Thanks for any info! I want to call back ASAP if I decide to do this. I don't want to screw my self by doing it with out thinking though.

Does anyone have any opinion about what the best Visa signature card offering is? Who offers it, and why is it the best Visa Sig card out there?

I am going to call BS on this. You are saying the charge did not go through because the card was closed, fraud department "caught it", and now they are trying to collect on said charge. BS. If the card was CLOSED it would not matter what someone tried to charge on it. It would been straight denied for $1 or $50,000 because it was CLOSED. Fraud department would never have gotten involved despite the amount because nothing would be approved that anyone tried to run to begin with. Something about your story is a lie.

Well using the same INQ completes the deal for me. I went ahead and applied for Cash Rewards. Let's see what happens.... says "Pending" now. How long of a time period do I have to apply for things and they use the same INQ?

I just signed up for Penfed membership. I am wondering if I have any shot at all with the Platinum Cash Penfed card? Basically I have been hit really hard during this depression by adverse action. My response to said adverse action was to close my accounts rather than deal with it. So right now I have 22 accounts on my credit reports, but only 8 open accounts. ALL the other accounts are reporting closed by me. Basically I shut down AMEX after they screwed with me for no reason. I also recently shut down 3 BofA cards. They did a MASSIVE CLD on me across all 3 accounts. Before anyone says I was playing with fire having 3 BofA cards.... I only had one BofA card to begin with. Once they took over MBNA a few years ago it ended up as 3. Not in my control to have stopped. I shut down my decent WAMU rewards card after Chase turned it in to a worthless flexible rewards card against my wishes. I also shut down my cards that I viewed as sub-prime and likely going to cause me trouble like HSBC and RBS. Right now I have 6 cards reporting as open. One of them is a gas card. I have two open installment loans reporting. I have ZERO revolving debt. I have 2 INQs on Equifax. I have ZERO derog information on my reports. My question is - with all my recently closed "closed by consumer" accounts is this going to hurt my chances with Penfed? Do I even stand a shot applying with them? I have read that they are ultra conservative. I am trying to use this as an opportunity to purge my self of problem/worthless cards and expand my cards with ones that offer better rewards/terms. Thanks for any info!

Does anyone know if Penfed will let you pre-pay personal loans? For example, with Navy Fed personal loans you can pay future months early. Say you have a Navy Fed personal loan with a $100 a month payment. Let's say this month you pay $300. Your next payment is now due 3 months from now because they count the $300 payment as 3 months payment. Does Penfed work the same way?

No it will NOT be gone in two years. Target usually sells debt to Asset Acceptance and I can guarantee you they will report for 7 years as a CO after that happens.

I had to check twice to confirm this but cap one did a hard on ALL THREE OF MY REPORTS. TU, EX, EQ. WTF???? And I got denied no less. WTF are they doing a hard on all 3 for if they are going to decline?

Just got a letter in the mail from Discover saying the following changes apply to Discover More card, Open Road, Motiva. It says the following starts in June. The first $3000 is purchases no longer earn 1%. They now earn .25%. Also purchases made "at select warehouse clubs, discount stores, and their affiliates earn .25%". From the way it reads it sounds like anything that fits this description earns .25% even AFTER the first $3000. Is Discover going to be the new AMEX now? What, was 1% too generous? I used Discover for all my monthly regular bills that automatically charge me. Now I'm switching to a new card for those which means discover will get zero use from me.

Does anyone know if you get a noticeable increase in your FICO score once your credit age hits 5 years? I am talking about your oldest account on record, not individual accounts hitting 5 years. Basically is 5 years a special number that results in a score boost?

Here is my situation.... I am currently paying a large installment loan balance at 10.9% APR. The loan is due to be paid in full in 24 months. My NFCU card is offering 5.9% APR for life of the balance. Sadly my NFCU card limit is just about what my total installment loan balance is. NFCU will NOT give me a CLI when I called. So I have an option of doing a balance transfer to NFCU and baiscally cutting my APR in half. My only concern is my card would be 99% maxed out. I have no cards that are even closed to being maxed out. I am sure this will hit my scores pretty hard right? So basically by doing the BT I would be risking major adverse action from my other accounts right? I currently hold AMEX, Citi, Discover, Target, National City, and a few others. Most of these cards have high credit lines and no balances. My question is - is it worth taking the chance of adverse action to do this BT? I mean, how likely is it I will suffer adverse action if one card gets maxed out?

https://www.revolutioncard.com/ Basically they are trying to compete with AMEX, VISA, Discover, MC as a payment network.

I have opened a Revolution card which I have no intention of ever using. (all the places that take it I never shop at) Why open it then you ask? Well for one thing they don't report.... right now anyway. If Revolution card ever takes off and is successful you can almost gurantee that they WILL report to the CRAs. It may be 10 years from now, but all of a sudden you'll have a tradeline appear on your report with 10 years of positive history. In the mean time there will be no ding to FICOs for a new account, and no adverse action because AMEX for example freaks out when they see a new account. I think anyone interested in long term positive credit building should think about this one.