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  1. 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.
  2. With USAA, I once had a checking account balance show up as NaN. (Sorry for the poor quality snapshot from the event.)
  3. 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.
  4. Throwing your life away over 4.8% of your annual salary. He should have used a better cash back card instead.
  5. 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.
  6. 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.
  7. 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.
  8. 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.
  9. 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.
  10. 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.
  11. 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.
  12. I'm in the same situation. DW has a Barclaycard Ring account that we used for a balance transfer, which is now paid off. Although it would have been marginally beneficial to get an Uber card then transfer the credit limit of the Ring to it, it's starting to seem less and less of a profitable idea. Yes, we could get 3% back on hotels/airfare, but that's about the only benefit we'd get over our other cards, which we can already get 2% back on.
  13. 816 (+6) Equifax snapshot on 10/25/2019 1 revolver reported $7 balance; all other balances $0 23 total revolving accounts open So, one account reporting a balance is too many?
  14. I've had similar results as you. All my Synchrony cards are at $10k, with the exception of Ashley Homestore which is $16.5k, although I believe they have different underwriting for that as the web access for the account is similar to that of Care Credit.

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