Jump to content

Please consider disabling your adblocker for CreditBoards if you have not already done so.  This site depends on advertising revenue to stay online.


  • Content Count

  • Joined

  • Last visited

Recent Profile Visitors

228 profile views
  1. Wouldn't I be trying to get all of it out as fast as possible and not worry about balance chasing if I was going to bust out? Disappointed to see an OG not see that. Do you see the dates on those posts, genius? I've been down this road before. Several times. Spotless credit. I know it blows your mind but there are people who successfully leverage credit cards for investments.
  2. I've taken out a large portion of my available credit in the last month and I know some of them are going to reduce my limits or close my accounts. Originally I wanted to take everything out but I've decided to keep some on the cards and take more out later if I need to. From experience I know BOA, Chase and Amex balance chase when your usage goes up. But is there a list of all the banks that do that? Other than those 3 banks I have PNC, Citi, and US Bank.
  3. Haha, I actually thought about overpaying a balance transfer and have the bank cut me a check.
  4. Thanks for the genuine advise. I don't know what my cash advance limit is but I assume no more than 10-20%? And they don't transfer them to my bank account right? so that would be a lot of cash from the ATM. It's definitely not someones investment opportunity. It's a real estate. Buying and selling jewelry seems too risky. But I was going to ask a few friends with businesses to charge my cards and refund me. Didn't know there's a term for it and is considered fraud. I would rather buy cars and sell them.
  5. Except people that are smarter than you know there are instances where using credit cards for a business/investment is a good idea. I know because I've done it before. Move along.
  6. I just opened up some new cards and have about 300k available. I need to take out about 150-200k for an investment and looking for ideas on how to take it out. I know some of them will send me convenience checks if I ask them? That would make things easy. Any other ways you can think of? I'm also thinking about opening a credit card processor for one of my businesses(home renovations) and charge my cards to it. If the processor says anything I can just say I'm running my expenses through this business for tax purposes. I even thought about buying a few cars and selling them. I calculated about 10% loss but I'm ok with that. What do you guys think? Any other ways?
  7. I think I read somewhere that travel cards usually start off with higher limits. Is that true? Credit is excellent.
  8. I haven't asked the issuer, I've asked Experian to remove it.
  9. They just keep updating when I clearly ask them to remove it(using their online dispute process). I select "Belongs to primary account holder" in the dispute options and in the note's I write "please remove". Do I need to do anything differently? Mail it in instead? Other 2 bureaus removed the Au accounts with no issues.
  10. I was excited to be approved for 2 16k limit cards only to find out that they reduced my other 2 21k limit cards down to 6k each to open the 2 new ones. I know they can move credit limits around if you ask them but didn't know they would do that without asking you. Anyone else experience this and any luck with calling them?
  11. I want to use a balance transfer promotion from Chase but it has a 5% balance transfer fee. Looking to get around that if I can so I thought I'd pay my spouse with paypal using the Chase credit cards which will cost 2.99% but then we'll get 1% of that back with rewards so it'll be 2% total. Would Paypal or Chase have a problem with a payment to an individual with the same address?
  12. So is there a way to make it show on my personal report other than paying late?

About Us

Since 2003, creditboards.com has helped thousands of people repair their credit, force abusive collection agents to follow the law, ensure proper reporting by credit reporting agencies, and provided financial education to help avoid the pitfalls that can lead to negative tradelines.
  • Create New...

Important Information