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mrage

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  1. Trying to figure out how many personal cards Cap1 will allow you to hold at one time. I have 2 already, definitely want to hit them up for the $500 signup bonus. DoC says there's a max of 2 personal but there's conflicting info out there.
  2. I hit up TD Bank for the Cash+ a while back, $200 SUB and 3% dining. I think they have geographical restrictions though, and I don't remember if that offer was public... YMMV.
  3. Wow, just now seeing this as I haven't been very active here in quite some time. I felt sick reading your story. I came here with pretty much no credit in 2014, started building up, and at one point in time I almost had more debt than I could float, but thankfully never did have to pay any interest. Got it turned around, and almost done funding my emergency fund. As I built my credit, I worked on increasing my CL's and adding lines, but I got to a point where it wasn't a very rewarding game (I haven't stopped hunting bonuses though.) There was a lot of glorification here of the idea that it was really great to get 250k, 500k, a million and beyond in credit lines, and I remember thinking at the time that someone was going to use it irresponsibly and get burned. I didn't think it would be one of the most knowledgeable people here, though. I'm glad to see you handling it so well and getting yourself back to good. Thank you for sharing your story here. Most people on the internet only want to pretend they're awesome and everything is always going great, lol.
  4. Even when you have some debt and are working toward getting back to black and to ultimately start saving, it's imminently possible to use the float to your advantage. I've been a few thou in the red and still able to avoid interest altogether. At one point I took advantage of a 0% offer on about 2.5k to get some better cash flow going, that's the extent of the interest/fees I've paid and were well outweighed by the rewards I earned. The practice of setting up a spreadsheet and checking in with it daily to make sure no payments are due etc is perhaps a bit tedious, but if it's *too* tedious to maintain a spreadsheet vs paying 100s in interest a month, perhaps you just aren't cut out for leveraging your spend to earn CC rewards. And that's ok... I tried couponing for a while, for instance, but the return on that time investment was not worthwhile to me. But a few minutes a day with a spreadsheet to earn thousands a year in bonuses and rewards is a no-brainer, to my mind. Now that I'm in a much better position financially, I'm back to having everything report 0 except one card. That level of micromanagement isn't necessary for everyone, sure, but I like maintaining my FICO at its max potential in case opportunities arise, and I like knowing that should I become incapacitated for some reason, it will be weeks before I am in danger of being late on a CC payment somewhere. (Caveat - I have a few new cards I opened for the bonuses, and I let them report a decent balance one time so that it will look better on manual review. Some underwriters like to see the potential for useage in your report, and if you have a bunch of cards with a low/$0 max balance, it doesn't scream profit potential for them.)
  5. I am currently unable to pull my TU report via credit monitoring services (so far Wally and Cap1 monitoring.) Is that the case for anyone else?
  6. I know this topic has been beaten to death, but there's some conflicting information on the boards. If I add someone as an Authorized User on one of my Amex, will it report the full payment history, or show as a newly opened card?
  7. This is how just about every mortgage works. On our other house we have a really unique/unusual mortgage product where the lender will recast the amortization upon request if you make a significant extra principal payment. What this means is that the lender takes the remaining balance, term and the interest rate and then recalculates/lowers the payment amount so the new lower recurring payments end at the conclusion of the original term. This loan has some other unique features that you will not find on the vanilla mortgages that are sold to Fannie Mae or Freddie Mac, or other major secondary market investors... the mortgages that most people have. That's pretty awesome, I wish more lenders would allow re-amortization. Most do allow you to recast the mortgage if you pay $XXX down in a lump sum. Would be nice to do with an auto loan. I haven't tried though, perhaps it's a commonplace option.
  8. This is how just about every mortgage works. On our other house we have a really unique/unusual mortgage product where the lender will recast the amortization upon request if you make a significant extra principal payment. What this means is that the lender takes the remaining balance, term and the interest rate and then recalculates/lowers the payment amount so the new lower recurring payments end at the conclusion of the original term. This loan has some other unique features that you will not find on the vanilla mortgages that are sold to Fannie Mae or Freddie Mac, or other major secondary market investors... the mortgages that most people have. That's pretty awesome, I wish more lenders would allow re-amortization.
  9. Data point here: did the CCT trial and called to cancel last week, I had to speak to a live rep. I was going to accept their half price offer and keep it for a couple of months, though I probably shouldn't bother since I have free TU and EX FICOs. Much to my surprise, I was not offered a discounted rate! I guess I'll do the trial again next time I want to check my EQ FICO and call to cancel at midnight, haha.
  10. Thanks for the replies! My FICOs are in the 760s, or at least they were until I got dinged for new inquiries and those new cards report. I had about 2k in balances at the time that I could have paid down to eek out another point or three I suppose. My TU had been as high as the 780s but I got rebucketed or something and then they all were within a point of each other (761, 762, 763.) I hadn't considered asking for a CLI because of the hard inquiry, but that's a good idea. This would be a good time to do it so that the inquiry can age at the same time as the others I just took. I might just leave it open and sock drawer it, as Big Bear said it wouldn't result in a new prybar if I did combine them. The reason I only got 4k for my new Chase SW+ was because I was at my exposure limit and had to steal it from other cards, they approved my Ink Preferred for 12k before that and Cap1 gave me 10k on the Spark... probably wouldn't have made one iota of difference if I had combined the Barclays cards prior to my app spree. At any rate, I don't plan on applying for anything for another 6 months so I have lots of time to think about it, haha.
  11. Hey guys! I haven't been posting much lately, though I am happy to report a 3 for 3 on a recent mini app spree (CIP, Spark, and SW Plus.) My credit has been more or less on cruise control, but I have got a very minor dilemma. My file is getting pretty thick now. I have 2 Barclays cards - the "Commence," which used to be the Sallie Mae (RIP), and the Rewards card, which is the same as the Commence plus 2% on gas. My Rewards is older, so I was thinking about stealing the limit from the Commence and putting it on the Rewards, and closing the Commence. However, my file is still relatively young, so it might be better to leave it alone to age or leave it open with a small limit. So, would it be better to leave the Commence open with a small limit (no AF, after all, and it will age well,) steal the limit altogether and close it, or leave it all alone? Here are my personal cards (plus the Spark, which reports as personal) and limits. Note, I have a similar situation with the Amex Everyday + BCP, though I'm more inclined to keep the Everyday in case I switch from a cash back to a travel rewards strategy. Card - Limit - Opened Discover it 46500 10/17/14 Barclays Commence 5000 4/21/2015 Chase Southwest Plus 4000 05/09/17 CapOne Spark Biz 10000 05/09/17 Amex BCP 25000 01/16/15 (bd to '14) Amex PRG NA 01/16/15 (bd to '14) CapOne QS 12000 04/16/14 Amex ED 6000 10/17/14 Chase Freedom 5000 4/21/2015 Vystar Platinum 5000 04/22/15 Barclays Rewards 8250 08/13/14 NASA Cash Rewards 10000 12/23/15 Walmart 10000 08/28/14 Chase AARP 2200 03/23/16 Total: 148950
  12. Nice, just enrolled in this service. Thanks for the tip!
  13. I got the email as well. I made nearly 11k in total Apple Pay purchases according to my records, but only $485 of the 10% promo paid out (some were GC purchases before the change to the T&C, then I switched it up and most was organic with some merchant GC's sprinkled in.) So, it could be worth $515 to me if they have to pony up the whole amount... that would be a fine day indeed Edit: I just realized that this initially paid out during the 1 year of double cash back, so I got more than that out of it. So that would actually be worth $1,030 had it paid out during double cash back... maybe we see that, even if not initially.

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