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policebox

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  1. Chevron card was last used and paid off in June 2019. Ashley Furniture was last used May 2018 and paid off October 2018, although I pushed a $5 payment to the account in November 2019 to keep it "active".
  2. I received two letters from Synchrony Bank shutting down two of my accounts with them. Chevron & Texaco Credit Card account with $10,000 limit. Ashley Furniture Homestore account with $25,000 limit. The stated reason: "Activity on account(s) with SYNCHRONY BANK indicative of high risk of failure to pay" Don't really know what that means. Neither of these accounts see any action. They actually raised the Ashley card's limit from $16,800 to $25,000 two months ago. The only card that sees any action is the PayPal Cashback Mastercard, which gets $2,000 to $5,000 a month put on it, but gets paid-in-full. No revolving debt. No installment loans. Only major change was obtaining a mortgage a couple months ago. Fuck 'em.
  3. You'll have to provide them with copies of the documents they requested in order to get the restriction lifted. If you aren't getting the link to send the documents electronically, I would call Capital One to see if there is an address you can mail the copies to. You'll probably be receiving a letter from them giving the details, but if you don't want to wait for the letter, I'd call them up and ask where you can send the documents. If you don't have a copy of your social security card, you can request a new card from the social security administration. Here is a link to their webpage with a description on how to go about getting a replacement card. https://www.ssa.gov/myaccount/replacement-card.html
  4. The fee is $7 per month. So if you assume a person is perpetually borrowing, re-paying, then re-borrowing the maximum amount of $500 through the duration of the year, then they are paying $7 * 12 = $84 in fees to borrow $500. Annualized, that comes to an APR of about 16.8%. Not terrible when compared to pay day loan companies or even credit cards. Personally, I wouldn't want to be living so close to the margin that I needed to be paid at the end of my shift to survive. But then, I guess a lot of wait staff and other tip-based employees have been doing so for decades.
  5. With USAA, I once had a checking account balance show up as NaN. (Sorry for the poor quality snapshot from the event.)
  6. I have the Fidelity Rewards Visa card, which is issued by Elan Financial. I performed a balance transfer to Capital One back in August 2018. According to my Capital One statement, it was received as an Electronic Payment. The transfer took two business day from the time I submitted it to Elan to when it posted with Capital One.
  7. Throwing your life away over 4.8% of your annual salary. He should have used a better cash back card instead.
  8. It's always puzzled me how so many people don't understand this. I guess it is a sign that I'm still young and naive if people being ignorant and illogical continues to surprise me.
  9. 809 (-7) Let all my revolvers report $0 balance. Slightly off-topic question, do I need to maintain the checking account at DCU to get the FICO score? I have the $1,000 in savings. Had an auto loan which I paid off a few months ago. Checking account is something I'll never use, but think I recall it was necessary to get the free FICO score.
  10. I know what I'm about to add is off-topic for your question, but wanted to drop a comment for food for though. I realize you have your reasons for staying away from credit cards, but if you don't have any cards reporting right now, it may be hard to find a card on terms that you want when/if the time comes for you to apply. If I were you, I'd consider opening a card in your own name, perhaps a secured card with a low limit, to start building some revolving credit history. You could sock drawer it except for charging something you'd otherwise pay cash for and then paying the card off, every few months. I think everyone here would agree that it's prudent to responsibly build your credit portfolio during the time prior to you actually needing it for something.
  11. Thanks! Not sure where it all came from to be honest. No new applications this year, so didn't get any sign-up bonuses or anything. We have 3 Discover Cards between the two of us and one of them had Cashback Match for part of the year, so we maxed out a couple categories with that. Our go-to cards are as follows: Discover for 5% categories Chase Amazon Prime Visa for 5% at Amazon Capital One Savor for 4% back on dining NFCU More Rewards Amex for 3% on groceries Then we have three cards that give 2% on everything else. I also charge absolutely everything possible to earn cash back. Wife has to take several business trips a year that get reimbursed, including buying dinner for her team, which can be about $2,000 a shot (at 4%-10% cash back) that gets reimbursed. I give credit to this board for helping me achieve this.
  12. Agreed. Between DW and myself, we have 27 credit cards. We don't carry balances. I for one have enjoyed the $3,000 in cash back we've earned this year between the various cards. CEO must be in bed with Dave Ramsey.
  13. I received this offer for my Fidelity Rewards Visa Card to earn 2,000 bonus points ($20). Either I'm reading this incorrectly, or this seems like an insanely terrible offer. Here is how I'm interpreting the deal: Must do spending between November 1 and December 31, 2019 Must spend $2,100 before you start earning bonus points You can earn up to 2,000 Bonus Points (redemptions are 100 points = $1, so $20 maximum cash back) You earn 20% Bonus Points per dollar spent (0.4 Bonus Points per $1) At this rate, you'd need to spend $7,100 ($2,100 + $5,000) to get the maximum bonus of 2,000 points ($5,000 * 0.4 points/$1 = 2,000 points) Tell me I'm crazy and how. Edit: I think I found my math error. Looks like after you spend $2,100, if you spend an additional $5,000 you'd get $20 cash back. Still, hardly worth stressing over.
  14. Got the identical letter to this, dated 10/20/19. It even has the same 4th bullet point devoid of substance. Interesting note, the "bank" my account is listed as being owned by is Capital One N.A., not Capital One Bank (USA), N.A. Is yours the Mastercard? I just have the store card.

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