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About PotO

  • Birthday 01/01/2000

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    Not where I'd rather be.


  • Member Title
    Mr. Mean

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  1. Anything and everything in India is pure [emoji90] and not just any of their credit cards. Sent from my iPad using Tapatalk
  2. Closing Discover will not affect your AAoA. Still, why close a card whose credit limit helps your utilization? There is no annual fee, right? Besides, you never know if it may be useful in the future. Closing the store card may, if it is your only store card, affect our credit mix. That said, score hits of that type are usually very minimal. Still, I would likely keep it. Chase sent you an adverse action letter when they closed your account. What did they say? I'm thinking that after they approved the account they realized you had stiffed them previously and decided to close your account. Chase sometimes has a long memory. Sent from my iPad using Tapatalk
  3. Yes, they should immediately cash out their points ... ... for psychiatric care. Sent from my iPad using Tapatalk
  4. How are they different? Well, I have yet to see a FinTech card that isn't now or will soon be a huge stinking piece of [emoji90]. Just about anything touched by WebBank or First Bank of Missouri is or soon will be [emoji90]. FBMO issued the Sprint card, until it went bust after only a year or even less. I remember BlisPay. Everybody loved them. Until they went bankrupt really fast. Sent from my iPad using Tapatalk
  5. No combos. That ship has sailed long ago. Sent from my iPad using Tapatalk
  6. The problem with the FICO Score Estimator is that it is generally wrong using their ASSumptions. Depending on the precise contents of their credit reports, a new account could have minimal effect on their AAoA. I just added several and my AAoA dropped from something like 8.5 to 8.49999. Should I be expecting a 30-point hit now? Sent from my iPad using Tapatalk
  7. Things have changed over the past couple of years and AU accounts are not always considered by potential creditors. There was once a time when a few AU accounts that were a couple of years old would make you gold. That ship has sailed. Most banks now will ignore AU accounts in good standing when you apply for credit. Sent from my iPad using Tapatalk
  8. You will be disappointed. First of all, USAA is not like Navy at all. They rarely give auto CLIs. They will also rarely give CLIs util you have had the card for a while. CLIs are always hard inquiries. Sent from my iPad using Tapatalk
  9. No idea what @HDPorter is even talking about. When you open a new account you may get a hit of a few points for the inquiry, but nowhere near 10 - 20 points unless it drops your AAoA below a certain threshold. On a 24-month installment loan, there's no way that tradeline will give you a 20-point boost after a year. I can't believe people here on CD have forgotten the details of how The Installment Loan Hack works. After you pay the loan down to about 25% - 30% of the original value, on a clean report you should see an approximately 30-point boost. All things being equal, you will keep those points until you have paid off the loan. Upon paying it off you will lose all but a few of that increase. What you should do to increase your score and, more importantly, to save on wasting money on interest, is pay off all but $200 of that loan as soon as it is reporting to the credit bureaus. Then you ride it out for 23 months when your final payment will be due. Whatever you do, do not pay it off below $100 or so. I made the mistake once of paying a loan off to $50 and then USAA promptly forgave the balance and closed the loan. Another thing to be careful about BEFORE even applying for a loan from a particular bank is their pre-payment policy. Most will allow you to pre-pay and the pre-payment amount counts towards future monthly payments. Some, however, will not. Avoid those. Sent from my iPad using Tapatalk
  10. I PIF every month. My effective APR on all my cards is 0%. Sent from my iPad using Tapatalk
  11. Thanks! I tried it. I guess I should have known it could be a huge pile of [emoji90] knowing it was by WebBank. You have to prove income via linkage with Plaid. Even though they have the link that says they work with HSBC, it is a lie. They cannot link with HSBC. So now they want bank statements to prove income. They can KMA. Sent from my iPad using Tapatalk
  12. FNBO pre-selector site sucks. I had always thought it was a sure thing, but wife and son tried it and even though it said pre-approved, they were declined. Waiting on letter to see why. Daughter tried it though and was actually approved. Sent from my iPad using Tapatalk
  13. Sure, I will give it a try. Sent from my iPad using Tapatalk
  14. Card issuers like to close or at least reduce credit limits on unused accounts. Nothing wrong with sign-up bonuses. One thing to watch out for is that opening a lot of accounts will keep your average age of accounts low. An AAoA of around two years or less makes you look like a newbie to potential creditors. Also, opening what they consider too many accounts within two years looks bad and is a very common reason for denial. Sent from my iPad using Tapatalk
  15. My new (and second) HSBC Premier MasterCard which replaces the defunct HSBC Rewards MasterCard. Now with two of the same card, I wonder if they will let me do a combo. Sent from my iPad using Tapatalk
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