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  1. That's a very short sighted way to run a business and will kick them in the ass in the long run. If I have a card for 34 years and have used it off and on over that period of time. I am still a viable customer that may use it in the future. If I don't have the card, I have no incentive to shop at the store...ever again. As far as the late fee. They make money from every transaction that I make. If I don't use the card other than once a year to keep it open, they make even less. I am losing no sleep over this. Just wanted to share my experience for those that care. I have 15 open credit cards and will simply move my everyday usage to another card until that card issuer stars being unfriendly.
  2. It was over a year, but I had gone multiple years in the past without issue. My point is, they do some rather "anti-customer" things in an environment of high competition. Why close a card that is 34 years old without notice? Why charge a late fee and then not waive it if it's the first time a customer that uses the card regularly is late? I have many options when it comes to credit cards and with online shopping eroding bricks and mortar, why close a card at all without some type of notice? If a small business did these types of things...they would be out of business in no time.
  3. I agree. They are making this an "apple card" issue, but rewards cards have always been the go to cards in anyone's wallet who has a choice of cards. Retailers build the fees into their markup so it's not like the consumer isn't paying for the privilege and if a customer chooses to pay cash, the retailer is that much ahead of the game.
  4. Never. This is what makes me scratch my head. I'm simply going to sock drawer their cards and start using another as my go to card. Citi does some pretty stupid things such as shutting down my 34 year old Macy's card without warning when I didn't use it for a while instead of sending a letter advising of potential closure for non use as other banks have done.
  5. I'm rarely late on a credit card payment and the few times in my life that I have been late, the bank has always waived the late fee. This month I missed a payment by 2 days on a secondary citi card that I have never been late on and paid the bill in full before the statement cut off. I thought I had the account set up for auto pay and it was only set up for my main citi card. I called in to have the late fee reimbursed and their automated system said they could not waive the fee. I then spoke to a live rep who said they could not waive the fee. I told the rep that's unfortunate as I will no longer be using this card on a regular basis. There is no damage to my credit report and $25 isn't the end of the world but I would think being the first time, they would waive the fee as a courtesy. Has anyone had this experience lately? Is it worth escalating this to a supervisor?
  6. I just got an alert from MyFico that a credit account was removed from my TransUnion Account. My available credit dropped by the amount of the Apple Credit Card Credit Line. My score went up 12 points. lol Apparently, the Apple Card that was supposedly reporting yesterday is not reporting today. I suppose tomorrow, it may reappear.
  7. My Trans Union Fico Score dropped 12 points as a result of the Apple Card hitting my account. It's been a while since I've had a new card show up....Does it still take about 6 months for the score to recover to back where it was before the new account hit? I remember it was about this long when Paypal sent me a mastercard to replace my Paypal line of credit. I was pissed about that one because it was just an account change over and they reported it as a new account after telling me it would just show as an account number change with the same aging as the credit line.
  8. I just received an email alert that a new account has hit my Trans Union report...Goldman Sachs Bank. I went to my Trans Union report. The alert is there but the account isn't showing yet. Probably just a delay before it shows online.
  9. I read a whole thread on this same subject regarding T-Mobile on the T-Mobile forum. Bottom line, the front office and I suspect the back office has no clue what the difference is between a soft inquiry and a hard inquiry and which is used to establish a new account vs adding a line to an existing account. They are in the business of selling phones and services. The dealers and even the company owned store employees have no control how the corporation does things. Those of us on this forum represent a smidgen of a percentage of consumers and most other people have no clue how credit works. From my own experience with AT&T, they do soft inquiries periodically and when you add a line / upgrade your phone and want to extend payments. They do a hard inquiry initially when you set up the account. I suspect the other 3 major players do the same thing. I recently established an account with Xfinity Mobile which resells Verizon. If you have Comcast Cable in good standing, you are eligible to add lines with Xfinity Mobile. They base your credit on your Comcast account and didn't do any credit check for the Xfinity Mobile as far as I can tell. I did not finance any phones with them as I already had an Iphone 7 from Verizon and purchased a couple more phones through Ebay. More frustrating than an unintended inquiry on your credit file is finding Verizon currently has great coverage on one street and the next street has lousy coverage. I now carry two phones...one on AT&T and one on Verizon (through Xfinity) so I can have a good signal regardless of which street I am on. (rolling my eyes).
  10. One interesting thing I read which could play a factor in the credit line decision is that in many cases, the spouse is an authorized user of the main account holder's accounts. This could be the determining factor in one credit line being higher than the other.
  11. I'm not sure why some people are seeing the full credit limit restored and others are not. It's been 3 days since the payment cleared my bank but still not restored. It's not a big deal for me either, but details like this can make a difference. Citi makes the credit available immediately and so does Amex but other cards usually take a day or two.
  12. Just curious, for those that have made a payment on your Apple Card balance...How long before the available credit is updated.?
  13. Here's another feature of the Apple Card that hasn't been given any attention. Not only are you able to use the account via Apple Pay immediately upon approval and acceptance vs waiting for the card to arrive, but if the card is compromised, lost or stolen you can immediately shut it down, order another card and change the card number all from within the wallet app.
  14. It is unusual for most banks in 2019 to not do a personal credit check with a Social Security number required for a small business even if Incorporated with 3/m in annual sales. There are a few exceptions such as Sam's Club and at one point BJ's Mastercard but I think that ship has sailed a few years ago. If your friend's personal credit is strong as in multiple credit cards with $20,000 and up credit lines. I would think they would start the business card at $35,000 to $50,000 based on 3m/year in sales. If your friend found a bank that is going solely on business sales and no personal credit pull, they will probably check the business credit reports. If there are high lines already reporting, then a minimum of $50,000 would be a good starting point. Most business banks that issue business credit cards will want financial statements / tax returns for anything over $100,000 regardless of sales / personal guarantee or solely relying on business sales figures so don't expect anything over $100,000 to start with unless your friend is willing to submit the docs asked for.
  15. I just received the physical card today via UPS 2nd day. It took exactly 1 week to arrive. It's deft the sharpest and cleanest card design of all cards out there. I will probably not use it because of the rewards being 1% vs 2% if you use Apple Pay but it's a nice conversation piece. lol

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