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Everything posted by direct

  1. I have a very good friend that is an authorized user on a few of my cards. She somehow signed up for an offer that put her card into an automatic subscription which she didn't want, wasn't aware of, etc. Company must be a scam as I called to find out what the charge was for and they couldn't or wouldn't even tell me. The had to check and call me back which they never did. Merchant name is "Chozy Fitness LLC - Yo" they also have other merchant names that are similar but on different merchant accounts. I disputed with the card issuer (Barclays). T
  2. Well, we have a difference of opinion. Fortunately, for me, this just happened to me with a 2019 Lincoln Continental. Exactly 2 years to the day of leasing the car, a hit and run driver (driving a stolen car) smashed into the rear of my car at a high rate of speed. Fortunately, I wasn’t hurt, but the car was totaled. Had I put anything down on the lease, I would have kissed that goodbye. I walked away from the remainder of the lease just having to pay the deductible. My insurance cut a check over $50k to pay off the leasing company and Gap filled in the rest. Proceed at your own risk,
  3. I'm starting to see vendors that I do business with charge a fee to pay by credit card. I am also seeing advertisements for credit card processors that pass the fees to the purchaser rather than the merchant so I do think we are in the very early stages of what may become a trend. One way or the other, the merchant must build the fees into their pricing so either you pay iit as a surcharge or as a slightly higher cost for the merchandise or service you are buying.
  4. I like to lease my cars and since the chances of gaining equity in a car lease are slim to none, I like to put 0 down. In the event of an accident where the car is totaled, you will get nothing back from your insurance company unless you found a unicorn of car that is worth more than the payoff at the time of the accident. (Actually this is quite possible at the time I'm posting this due to the unique situation where car supplies are dwindling due to the chip shortage) but in ordinary times you will get nothing back. Gap insurance covers the difference between what your insurance company w
  5. Once your credit score is 760 or over and your credit report is clean, most lenders auto approve your loan without requiring any proof of income (as long as the auto loan is under $100k).
  6. 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.
  7. 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
  8. 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
  9. 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
  10. 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
  11. 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.
  12. 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!
  13. 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
  14. 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.
  15. 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
  16. 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
  17. 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.
  18. direct


    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
  19. 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.
  20. 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.
  21. Without the 3 digit cvv code and the billing address of the customer's card. There isn't a lot they can do with just the card number and expiration date. I would still recommend freezing all credit bureau files as a precaution for a myriad of credit profile theft, but that's not just for this breach.
  22. Sam's Club Mastercard...declined several months ago at a restaurant. Amex worked there. Went home, found no issues with the card. Used it at another restaurant the next day. Last night used the card at a restaurant and about 30 minutes later, declined at a movie theater for $5. Went home and found no issues with the card. It seems to be the only card I have had this intermittent issue with.
  23. 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
  24. 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.
  25. 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.
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