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  1. I have not followed up with Sam's Club Customer Service. My conversation thus far was with Synchrony. Sam's Club was the issuer of the annual rewards check. Accumulated Rewards activity does show up on the monthly statement but does not show up online when you check your account activity. Unless I click on the PDF statement, there is nothing on line that has the accumulated points. This is also new as the accumulated points used to show online as well. I will follow up with Sam's Club customer service and see if they will do anything. Thank you.
  2. I have a Sam's Club business Mastercard and I think the personal works the same way. They give you 3% back on restaurant purchases and 5% back on gasoline. Up until last year, they would send you a check once a year for the rewards that accumulated and you can bring the check into any Sam's Club and either cash it or spend it at Sam's Club. Last year they didn't send a check but added it to your card and you could essentially do the same thing. Bring your card into Sam's Club and get the cash or spend the rewards on merchandise. Due to the pandemic, I chose not
  3. I don't like Cap one business cards because they report to your personal credit reports. One thing I learned years ago is that you don't want high balances reporting on your personal reports because it looks like in banking terms that you are "sufficiently obligated". The best way to obtain business credit with high lines is to have high personal credit lines reporting on your personal reports with low to zero balances. Owing 5 or 6 figures on your business cards is not an issue but showing those numbers on your personal reports will tank your scores and make it dif
  4. Couple of things. The 0% promo offer on Chase is for new purchases, not balance transfers. I applied for a business card about 2 years ago and was approved. Got the 0% offer for 12 months. Maxed out the card within 2 months and paid it off on the last day of the 12 month 0% promo period. When that reported as 0 to the business credit bureaus, I applied for a 2nd Chase business card with 0% or 12 months. The credit line was $2k more than the first card. Again, new purchases, not balance transfers are 0% on the 2nd card. Currently, I only see 2 Chase business cards
  5. It happened to me several years ago. Macy's was my oldest account and I was upset that there was no warning. They just closed it and wouldn't reopen it. I emailed a letter stating that I didn't want it closed and requested reconsideration and in a time of bricks and mortar stores suffering, it makes no sense to cut off an account in good standing that was 35 years old. Previously, I had gone years without making a purchase with the card and had no issues. I also advised that I had no incentive whatsoever to do business with Macy's again if they kept my card closed. They advi
  6. Chase, Bank of America and Sam's Club Mastercard are three that do not report to personal. Capital One will report business credit cards to personal.
  7. I just got off the phone with Honda financial. I didn't know until this call that there is a 15 day grace period, so I will watch the account online to make sure the payment posts. Otherwise, they advised that if the payment is made and then the dealer payment arrives, they will issue a refund check. So all is good. Thanks for your advice!
  8. About 3 years ago, I signed a lease with my friend on a new Honda Civic. During those 3 years, all payments were made on time and my friends credit improved to the point where she now has an 800+ credit score. Two days ago, we went to look at a new Honda at the same dealership and she was able to lease the new car in her name only without me being on the lease. There is one more payment left on the previous car that she turned in. As part of the deal, the dealer agreed to make the last payment on the previous car's lease. That payment is due in about 5 days. Would it be wise to make this
  9. The Bank of America cards are my “go to” cards. Barring a 5% category card which usually has a max you can spend in that category to earn the 5%, The BOA cards have the best % back especially if you keep a balance in your accounts that increase the % back. The other intangibles such as Chase being the first to lower your credit limit during an economic downturn and Amex popping up with financial reviews at random unexpected times makes Bank Of America an even better option overall.
  10. As credit card issuers are now declining more new credit card applications...there is a new score to contend with... https://money.yahoo.com/fewer-americans-are-getting-credit-cards-150649424.html
  11. I won't argue with you regarding borrowing money you can't pay back but in the case of most loans, when you are offered low interest loans for years and years and your credit is excellent, it's easy to be complacent and figure that those offers would be available in the future especially when the economy is good. It's a great lesson to learn...things can change rather quickly and to have a backup plan. To go from 0% to 20%+ in a split second with no other borrowing options can throw most otherwise smart thinking people into a financial downhill spiral. Fortunately, I experienced a few other
  12. I just checked, no balance transfer offers from the cards that had offered me the most attractive offers up until about 3 months ago. While I get that some banks don't want to take the risk, some people will now be forced into financial hardship that ordinarily would be fine when their balances go from 0% to 14% and most likely 20%+ interest scenarios overnight when their current balance transfer offers expire and they can't pay them off. Fortunately, I only have one card with a balance and it's at 0% until March 2021.
  13. direct

    CHASE CLD

    I wrote about this happening with my Chase cards back in 2008. They balance "chase"d my credit card accounts which caused my fico score to drop even more as my available credit was looking like it was always near maxed out on those cards. I remembered this as they were the ONLY card issuer that had done this to me. Based on the responses from others on this forum when I wrote about it, you would think they all worked for Chase. "Well that should be expected in the recession environment we were in" Blah, blah, blah. This time around...I have no personal Chase cards. Not one of my card issu
  14. I learned during the last recession. Load up on the cards and increase the limits when things are good, because it's not going to happen when you need it the most. If I recall correctly, those with high scores, high limits and low balances and/or next to no debt came through relatively unscathed 10+ years ago. But those using cards to live off of like they were an extension of their checking and savings accounts...not so much. Of course, these are the people that probably can least handle having their credit limits balance chased and will push them to bankruptcy when all is said and done.
  15. I'm watching my accounts closely for any adverse action such as credit line reductions. The last recession...for me at least, Chase was the biggest culprit of balance chasing and I vowed never to get one of their personal cards again. So I'm curious as to what Chase does this time around. I had no issues with any other major card issuer at that time.
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