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Everything posted by Carnut

  1. Hello All! Going to do an App spree in a couple of weeks and would like to target cards that have the most money back for signing up with their card, for example Chase Freedom has $150 bonus if you spend $500 in first 90 days. Don't want any that have a annual fee. I will be spending about $10k in the next couple of months upgrading our new home and I have the cash but I thought it would make sense to get some new cards to take advantage of the sign up bonuses. I don't travel at all anymore so not interested in travel rewards cards that cannot easily be converted to cash back.
  2. Well, there's good news and bad ... The good news is that it took about two days for it to hit via electronic transfer. The bad news is that EVERYTHING else after that is totally FUBAR. Their personal loan department is staffed with purple chimps. Any advice they give you will be wrong. At the first sign of issues, ask for a supervisor. They are generally better and actually speak English, but have an attitude problem. First of all, if you have any issues their loan department is only available during normal business hours and even then only by phone. There is no online support.
  3. I was just approved for a personal loan from AmEx to do some consolidation and was wondering how long did it take for the direct deposit of the loan to hit your Bank account? They sent me an email that if I don't receive within 2 weeks to give them a call haha! Hoping it's not going to take 2 weeks!
  4. HAHA, 5 minutes! Ok cool, I'm planning an App Spree in a month or so and I will put it on the list, thanks!
  5. I combined the limit from my Venture One to my Quicksilver a little over a year ago which in turn closed my Venture One card. I was wondering if I could now go back after a year and reapply for the Venture One to take advantage of the initial bonus and to eventually combine the limit to my Quicksilver again? Good or bad idea?
  6. That would be great if they did because for some reason my FICO 5 is at 735 and my FICO 8 is 688. Usually mortgage scores tend to be lower for most folks but mine are quite a bit higher across the board in comparison to all my FICO 8.
  7. I plan to use DCU to purchase a used car and was told by their CSR that they use Equifax FICO to determine approval but she didn't know which FICO model, whether FICO 8 or FICO 5. I have a savings account with them and they give me a free Equifax FICO 5 score (mortgage score) each month so I assume they will use the FICO 5 but wanted to ask to see if anybody on here knows for sure based off their loan approval?
  8. I have 9 total credit cards. 7 of them have a a balance of $0 on them and two of them are at 29% utilization on each? Would it be better to balance transfer from one card to the other so 8 cards are at 0% but the one would be at 50% utilization or would it be better to keep as is? Or would it be better to disperse the balances across multiple cards so no card is over 20%? For example, transfer part of the balances from the two cards to another 3 so now I would have 5 of 9 cards with ~20% utilization and 4 of 9 with 0%? I know it would be optimal to have 0% across all cards or
  9. Hello All, I'm finally getting close to signing a contract to build a new home with Fulton Homes in Arizona. I plan to sign the contract in mid-June to start the build process. I asked the Fulton Rep some questions about the mortgage application process and everything sounds pretty straight forward but I still have some questions from the experts here. The way he explained it was that I will have to get pre-approved around the time I sign the contract at the beginning of the build to make sure I qualify for the amount the home is going to cost once built but I wouldn't actual
  10. I got an email from Nasa last week offering $125 bonus if I open a Premier eChecking account and direct deposit $500 to it monthly. The account is free as long as I keep the $500 direct deposit going or else it's a $8 a month maintenance fee. I can afford to dedicate $500 a month to them on the account then I would just transfer the money to my savings account with them. Could I just close the account after receiving the $125 bonus? Are there any drawbacks for doing this? I know checking accounts don't show up on your credit file so there won't be any impact there, right?
  11. Just keep pushing!!! I will be waiting till June as I'm currently working outside of the country and won't return to the USA (Home) till June. Hopefully interest rates don't climb too much by that time. Thanks and keep it up on your side!!!
  12. Just wanted to share my success in getting my scores where I wanted them to get the best mortgage loan rate offers. I bought my 3B report one year ago to see where I was at and set my goal to turn my scores around and get them to a 740 middle score by June 2017 which is when I plan to buy a house. There was no great magic that I did, just the typical removing of negatives on my reports and getting my revolving balances down to $0 with one card reporting $2. I had some public records and lots of paid collections reporting. I still have 1 negative on 2 CRA's and 3 on another but
  13. Thanks for both perspectives! Thanks cv91915 for the info too! My income is $90k a year. My wife does not bring anything in.
  14. If you borrow $200,000 at 4% you will pay less than $8,000 in mortgage interest even in year one, and it will be less every year. I've pasted an amortization table below showing the cumulative interest over the first 12 payments. In this example, if your property taxes are ~$4,600 or less (which should cover a fair amount of the US on a ~$200,000 house) and those are your only deductions, there is zero tax benefit to home ownership for a married couple compared to taking the standard $12,600 deduction. This isn't my opinion, it's just math. I also stated that the tax savings in an
  15. Chevron, 76, Shell, and so on. Walmart, Sam's Club, Safeway, and Costco are inverse examples. EDIT: As long as the card is accepted, you might be able to get the 5% off at wholesale club gas stations. If not, up to now customers have been getting Costco cash cards at Costco to get around issues with the Freedom's category restrictions. Sometimes grocery store gas stations do work even if they're excluded, but you can't expect them to work. oh Okay, so go to Costco and get a $1500 Costco cash card to max out the limit for the quarter and then use the cash card at your leisure that
  16. Also, Gas is also on for next quarter. It says Gas Stations (stand alone), what does stand alone mean?
  17. I just hit 740 on my Experian FICO 2 (EX 98) last month which i saw on my Nasa CU free FICO. My goal to get there was to do it by June 2017 when I plan to apply for a mortgage, so I'm thankfully ahead of schedule. My TU mortgage score was always at least 20 points higher than my EX so I'm assuming my TU went up above 740 which would make my middle score 740. I will not see my TU score until I get my 3b report on Dec 22nd. I just joined DCU so I could start getting my free EQ mortgage score but that one has always been the lowest so I'm assuming that one won't count anyways since it wil
  18. Okay I obviously haven't done enough homework because this is a no brainer! Off to do more research! We don't travel much but $1000 statement credit with $4000 spent in 3 months is easy for us. Any other cards that have these kinds of returns or a thread dedicated to this?
  19. Financial institutions MAY consider HHI, but are not required to do so. You need to check each application to see what is allowed. Okay gotcha Planning to go for: Chase Freedom Chase Slate Citi Costco That's a pretty boring app spree. HAHA, yeah pretty much got all the cards we need between the two of us except for those mentioned. She's currently at 3/24 for Chase so thought we could pick those up and call it good. Our goal is to buy a home next year under my name alone so any last rewards cards that we think we need for our spending habits we will get under her n
  20. Ok Cool, we do file taxes jointly and have a joint bank account so hopefully that's enough for income verification.
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