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ccn3

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Posts posted by ccn3


  1. 1 hour ago, hegemony said:

    :lol: who was defending amex? I don't give a crap about amex. I just pointed out there have been epic bashing of amex over the years. You're the one who started in with the "there are people..." post. I guess the point that all issuers have their detractors went over your head.

    As the point that AMEX has more defenders and less detractors than others went over yours.


  2. 47 minutes ago, hegemony said:

    At least nobody was calling AMEX subprime for it.


  3. 1 hour ago, hegemony said:

    good for those of us needing CLI from amex and other super-prime issuers.

    😁 I'm not complaining. I just think it's funny how nobody cares when Amex does this, but if it was NFCU, Discover, Penfed, USAA, or Cap1 you'd have people on here saying this is why you shouldn't deal with these subprime lenders.


  4. 10 minutes ago, cv91915 said:

    What exactly did you dispute, and were the disputes legitimate?  Did you dispute legitimate inquiries, like you did for your elderly friend?

     

     

    Some people have to learn the hard way. 😂


  5. 1 hour ago, PotO said:

     

    We do not know all -- or even most -- of the details.  There's no reason at this point to believe this is going to be a CLD campaign.  

     

    I have checked my AmEx accounts and no problems at all.  I have a couple of cards that have seen but 4 $25 charges apiece over a twenty year period.  If anybody were gong to be a victim, it would be me.  

    Someone reported that customer service told them they are doing "right sizing" for accounts with minimal spending.


  6. You have enough credit cards for FICO scoring purposes so there's no point in getting another secured card. I wouldn't apply for another credit card until your score is high enough to get an unsecured card that has a reward structure that's beneficial for you. It always takes longer to go from the mid 600s to the 700s than it does to get out of the 400-500s. I think you just need patience at this point.


  7. 5 hours ago, hegemony said:

    based on my recent visits to costco I don't understand what you mean by "discerning customers." more like customers who think they are saving money by buying 150 pounds of okra, 50 kg of imitation crab meat, and giant plastic containers of pretzels.

     

    ETA: if anything, Kroger's market position gives it MORE influence over Visa than Costco has.

    I could be wrong, I don't have kids so I shop at Kroger or Publix, but I imagine for people with big families Costco is cheaper, and I suspect it has a more affluent clientele. I can't imagine a lot of poor people paying a membership fee to buy groceries.

     

     I am not sure what you're referring to with Costco, the fact that they used to only take Amex and now they take Visa at a lower rate? That's a completely different issue. Visa isn't just going to capitulate on fees without an exclusivity agreement, and Kroger does not want to stop accepting Mastercard, AMEX, and Discover. Without that Visa isn't just going to capitulate, and end up having their margins cut everywhere. I think they would rather protect their margins and lose Kroger than to keep Kroger and have everyone demanding a fee reduction.


  8. I would try each of them until one says yes, and if you can't get any of them then you will just have to give it some time. You might as well try though, after six months the inquiries won't really matter.


  9. 21 minutes ago, centex said:

    That they are stupid about finances suggests they are ALSO stupid when it comes to maintenance...I don't trust a used car unless it comes with every receipt for service from the day it was put INTO service.

     

    I don't have qualms buying new but then again, I 1) don't pay anything close to MSRP and 2) drive them until the wheels fall off (or at least many years after the vehicle had been paid off...

    A good mechanic can tell you how a car has been maintained, and if any problems should be expected. I have never had problems with a used car. There's nothing wrong with buying new if you get a good deal and can pay cash or finance it at 0%. Personally though I've always come out great buying used cars cash and self-insuring to skip the huge collision premiums that are almost as much as the car payment. It works out far better that way if you're a good driver, and you have a good mechanic who can help you find a quality used car.


  10. 20 minutes ago, centex said:

    The fact that they have been offering them does not mean that salamanders have to take them.  The masses would do far better to simply hold firm to the pay it in 60 or less or kick the can a while longer until such time as they CAN live within their means in a manner that makes fiscal sense.

    The masses are stupid, so... They should buy their cars cash too, but they don't do that either. It's fine with me, it just makes the used car market that much more attractive for me.

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