Credit Cards Point » cards

Anyone know of a Pro Breastfeeding CC? [alot of people] [cards]

admin — Wed, 28 Dec 2011 09:40:00 +0000

a lot of people like different cards so I was curious if anyone had seen one of these . want to find one for a few months.

Reply: Okay, the Hooters was for play. But, while searching, I found this…
http://www.escrip.com/
QUOTEeScrip is proven to be a fantastic resource for fundraising where participating business partners contribute a percentage of your grocery loyalty cards, credit card, and debit/ATM card purchases to the school, group or organization of your choice. Visit our family of merchants for a complete list of participants in the program.
Now, the reason I found it was a link on http://www.breastfeeding.org/. They are one of the organizations that you can support.
With eScrip, you register a credit card and every time you use it at a participating merchant, the chosen organization gets a donation.
On their site, they now have their own rewards Visa where you get rewards and the organization gets a donation.
Thanks, that is a neat site. I will look alittle further into it….

Reply:Okay, the Hooters was for play. But, while searching, I found this…
http://www.escrip.com/
QUOTEeScrip is proven to be a fantastic resource for fundraising where participating business partners contribute a percentage of your grocery loyalty cards, credit card, and debit/ATM card purchases to the school, group or organization of your choice. Visit our family of merchants for a complete list of participants in the program.
Now, the reason I found it was a link on http://www.breastfeeding.org/. They are one of the organizations that you can support.
With eScrip, you register a credit card and every time you use it at a participating merchant, the chosen organization gets a donation.
On their site, they now have their own rewards Visa where you get rewards and the organization gets a donation.

Reply:
alot of people like different cards so I was curious if anyone had seen one of these… want to find one to apply for in a few months.
Ummm, maybe Hooters
Are these girls even capable of breastfeeding with their fake breast?!?!?! LOL! Just kidding… not wanting to offend anyone. But I doubt the Hooters girls evenhave children, they are devine creatures, right? I am sure reproduction and giving birth are the last thing on their minds… or atleast the latter of the two!

Reply:Yep, La Leche League is who I would suspect of having something.
Other than that…rofl Hooters is right. Funny

Reply:It made it all the way to the fifth post before Hooters was mentioned. Hmmm, I'm impressed!

Reply: alot of people like different cards so I was curious if anyone had seen one of these… want to find one to apply for in a few months.
Ummm, maybe Hooters

Reply:I'd check and see if maybe La Leche League has a card.

Reply: You mean, there's a CC that gives rewards for breast feeding???
I wish, then I would have 58 months of history with no late payments… Oh, and it really is a rewards card…
increased iq, no preparing bottles, instant hunger satisfaction and best nutrition on the planet…
LOL…
Seriously though, I was wondering if there is one the has an organization or phrase about breastfeeding on it.

Reply:You mean, there's a CC that gives rewards for breast feeding???

How do they factor utilization on cards that don't report limit? [citi card] [cards]

admin — Mon, 12 Sep 2011 19:20:00 +0000

I'm wonder how FICO utilization factor, if I cards that are not reported to have my credit limit? I pay my cards down to 9% util go to this month on my scores up there, in preparation for further loans. Being my Citi card 38% of my total credit line, I was wondering if I should not pay this down and leave a balance is. How does FICO factor cards that do not report limits?

Best Answer: Don't worry about it. Your score is great.

I'm in the same position. If your score is not 990 then they are required to give you a list of ways to improve your score. Any utilization is higher than zero. If you had higher limits you would get points.

Reply:may not be on your consumer version, but it will surely be on a data subscriber version of your credit file.

Reply:That's what I mean though. On both my TrueCredit & my MyFico credit reports, Citi does not report either a High Balance nor a High Credit field. Is it supposed to? If so and it's not there, what should I do?

Reply:Credit report shows your minimum monthly revolving payments.
All of those add up to a certain dollar amount.
That number, whatever it is, is used to calculate utilization. If a revolving card does not report the actual credit limit, then the High Credit field will by used in its place for utilization purposes.

Reply:guy, that snippet you gave only shows total, doesn't say how that individual account is impacting the score. Granted the score is really really high – are you trying to say that it doesn't impact that much?

Reply:
Not really sure I understand (sorry). Should I pay it off, leave it maxed, or pay part of it?

Reply:CODE——————————- PROFILE SUMMARY ——————————–
CNT 0/0/0/0
PUBLIC RECORDS——-0 PAST DUE AMT——–$0 INQUIRIES–10 SATIS ACCTS–70
INSTALL BAL—-$46,402 SCH/EST PAY—–$3,531+ INQS/6 MO—4 NOW DEL/DRG—0
R ESTATE BAL———- R ESTATE PAY———-+ TRADELINE–71 WAS DEL/DRG—0
TOT REV BAL—–$9,901 TOT REV AVAIL——97%+ PAID ACCT–19 OLD TRADE-08-87
——————————– SCORE SUMMARY ———————————
EXPERIAN/FAIR ISAAC AUTO LOAN MODEL 2 = +795 SCORE FACTORS: 08/10/11/14
like the above.

Chase Credit Line Reallocation [chase] [cards]

admin — Mon, 29 Aug 2011 05:20:00 +0000

Does anyone know if Chase credit line will be allowed to move between the cards?

Reply:Too add in about Amex…go to Acct Services, Credit Management, then Reallocate Your Line of Credit. Pretty easy.

Reply:
Yes, and vice versa. They just started this in the last 2-3 months. You can do this online also – but you have to keep at least $1K on any given card though. I forgot where you go though to do this though.

Reply:
I have done the same as well, but I wanted to move 30K of CL from one card to another and still keep both cards open.

Reply:
Have combined and closed one card. They are more picky it seems, cards have to be like products. I just have some limited experience. Have combine cashbuilder and perfect into one card.

Reply:to piggyback on the same subject… Can you reallocate from AMEX personal to AMEX business???

Discover made Hell freeze [hell] [cards]

admin — Sun, 24 Jul 2011 23:30:00 +0000

I BK7 to 2 Discover in 2001. What the hell, I thought I would try it since I got rid of all my sub-prime cards. Approved for $ 3000! I knew there was a freeze warning in Florida but DISCOVER permit me floored me for a map!

Reply:Discover isn't generous by any means, they require time for reasonable limits. But both my biz and personal card limits are over 20K.

Reply:There is always someone who doesn't like a particular bank, CC, etc. So be it… That's their own business.

Reply: Just out of principle, I cannot apply for a Discover card — ever. What's more, even if I could, I don't need any low-limit cards hanging around the stable. That's what I've got Wamu for.
They've been good to me. Granted i went without CLI until 2006 (i probably had some pre-1999, i forget)… but they never CLD when times were bad.
What was the original limit on the card? What is it now?

Reply: Discover is anything but generous with their limits…even with the rewards the card is almost unusable with the CL.
But they've been generous with Coco — and maybe three other people. So, Discover can't be all bad.

Reply: Congrats! I had a Discover I got in college. I stupidly closed it. No lates or anything. When I applied for a new one in 2006, they would not approve me due to the baddies on my report. Maybe I'll try them again one day.
Discover was under Morgan Stanley at that time marlie; you might do better now. Good Luck!
Congrats to other who are approved!
Just out of principle, I cannot apply for a Discover card — ever.
Why?
During the past 9 years, I have been denied twice. I can't recall the last time I applied (2002?), but I can't give Discover a third crack at it. Just can't do it.
Oh, okay. Makes sense.
I wouldn't apply either…

Reply:Discover is anything but generous with their limits…even with the rewards the card is almost unusable with the CL.

Reply: Congrats! I had a Discover I got in college. I stupidly closed it. No lates or anything. When I applied for a new one in 2006, they would not approve me due to the baddies on my report. Maybe I'll try them again one day.
Discover was under Morgan Stanley at that time marlie; you might do better now. Good Luck!
Congrats to other who are approved!
Just out of principle, I cannot apply for a Discover card — ever.
Why?
I've had Discover for about six or seven years and I like my generous limit, well to each his own.

Reply: Congrats! I had a Discover I got in college. I stupidly closed it. No lates or anything. When I applied for a new one in 2006, they would not approve me due to the baddies on my report. Maybe I'll try them again one day.
Discover was under Morgan Stanley at that time marlie; you might do better now. Good Luck!
Congrats to other who are approved!
Just out of principle, I cannot apply for a Discover card — ever. What's more, even if I could, I don't need any low-limit cards hanging around the stable. That's what I've got Wamu for.

Reply:WOW, Congrats!!!
I really like Discover so far! Their CS is TOP notch and they have cool card designs as well.

Reply:It's a very cold day in hell indeed! I also IIB'd Discover in 1999. Guess what? Approved!
Check the Status of your Discover? Card Application

Miles by Discover? Card
Date Submitted: 3/9/2008
Congratulations! You have been approved for a Discover? Card. Your card will be mailed to you shortly to the address provided on your application. Once you receive your card, be sure to visit Discovercard.com to manage your account online.
Your application was decisioned on 3/9/2008.

Reply: Congrats! :clapping I can't get any luv from Discover.
Me either.

Reply:Congrats! :clapping I can't get any luv from Discover.

Reply:Approved for a real Discover?

Reply:Congrats! You slipped through the cracks and I hope you can find a permanent place in there

Reply:I just got the same from discover a couple of weeks ago!
Congrats!

Reply: I BK7 on 2 Discover cards in 2001. What the hell, I figured I'd give them a try since i got rid of all my sub-prime cards. Approved for $3000!!! I knew there was a freeze warning in Florida but DISCOVER approving me for a card floored me!
Congrats.

combining Cap 1 cards [credit scores] [cards]

admin — Sun, 05 Jun 2011 09:30:00 +0000

I currently have 3 cap 1 card. is it possible to combine these, so I just one.
If happen, it will help or hurt my credit scores? Anyone else ever try it?

Reply: I combined 2 cap1 cards, took a billing cycle, but to my suprise they increased my CL during the process. No change in FICO, just increase in CL…one crappy annual fee…and same ol' APR. I only keep them because it's my oldest card. It was easy, just make sure you get the CSR's ID and name!
They waived my annual fee for life and my APR is okay, 9.9%, tho I don't carry balances so it's not really a major issue. They send out no fee checks constantly and BT offers, generally at 5.9 for life, altho sometimes better, never worse. Other than not reporting the CL, creating the recurring nuisance of "max and pay" upon CLIs to tweak the high balance, I don't have any issues with them. The CL is not the best, 3 grand, but it could be worse.
Overall, they've been as decent to deal with as any other, in my case. Much better than HSBC, who slashed their CL to $305 after two years of good history with them (and everyone else).

Reply:They combined my CLs when I combined my two cards into my oldest. I wrote one of their no fee checks to close to the CL to get the higher CL to report, then paid them back within the month. No fees, no interest, no problems.

Reply:I just combined a new Capital one card onto my oldest capital one card, no problem, took about 14 days to merge the account over, and they combined the credit limit. I have to say, my experience with capital one customer service has been above average.

Reply:That was my next question…..will they combine all of my CL's

Reply:I have two cap one cards. I belive a consolidation will hurt the FICO score. This is because of the credit limit problem cited with this company. Only high limit is reported, not credit limit. If by consolidating you are not at a combinded high limit, your credit limit will be reduced to the big 3.Once your balance and high limit is out of sync your fico will pick up the incorrect utilization.

Reply:I did a 3 into 1 combo a while back as well with no problems. I kept the oldest one and did not notice any impact on my scores.

Reply:I combined my two cap 1 cards without any trouble via a telephone call to cap 1 cust service no. They also waived the annual fee for life.
If you keep the oldest one open, you'll be fine. That way you retain the most history.

Are prime cards better? [banks] [cards]

admin — Tue, 10 May 2011 23:30:00 +0000

Any facts that the prime minister in favor of big banks over the sub-prime banks in terms of FICO scores? Thanks for the info .
Have a great day guys .

Best Answer: I wouldn't necessarily worry about having more than 4-5 cards open as long as you're not running up balances on all of them. If you have to cancel some of them, do a couple of each.

Reply:
But I see your point and agree, if it was First Bank of Deleware, or First National Bank of Marin, or Compu Credit, etc. Yep them would stand out on a manual review to any seasoned underwriter. But that's not saying an auto denial even if you do have those on your CR.
This is why i don't like CJ and think it's suggested as the first card to get way too often – the TL has 'can't get credit anywhere else' written all over it and it will stay on your reports for 10 yrs after you stop using it.
Pick and choose your cards wisely, they will be on the regular report for 10 yrs and forever in a full factual.
I'm not big on CJ either, but I am inclined to think it won't do any harm.
If I start out with CJ and as I add better accounts show a good payment history and credit management
history I wonder if CJ will be such a black eye on manual review.

Reply: I think so too. But I think you'd get a few extra points if you had at least one major CC. But don't ask me how it would know the diff. between the GEMB WalMart store card and the GEMB WalMart Discover card on a CR.
But on CS I get a reason code (positive) of having bank cards such as 'MC/Visa'. Don't know if fico is the same or not. I've also had a FAKO reason code of too many balances on clothing accounts. lol. Yes, clothing accounts. I assume they mean Gap, Dillards, Old Navy, Hechts, etc, lol. Oh well, those were FAKO reasons, not sure that FICO would be the same.
They do look for a mix of credit and V/MC show responsible use – it's harder to get deep in debt on a store card because you can only use it at that store. Yes, i know of a lot of people here did have problems with store credit, but i suspect it was the result of bigger problems – like you were broke and it was the only place you had credit, so you used it.
ETA – it really said clothing cards? wow. I didn't think it got that specific. We used to have large balances on gas cards – i wasn't checking fako at the time, but i wonder if it would have had a similar reason.

Reply:
But I see your point and agree, if it was First Bank of Deleware, or First National Bank of Marin, or Compu Credit, etc. Yep them would stand out on a manual review to any seasoned underwriter. But that's not saying an auto denial even if you do have those on your CR.
This is why i don't like CJ and think it's suggested as the first card to get way too often – the TL has 'can't get credit anywhere else' written all over it and it will stay on your reports for 10 yrs after you stop using it.
Pick and choose your cards wisely, they will be on the regular report for 10 yrs and forever in a full factual.
Not to mention, it is somewhat ironic to
suggest to someone with poor credit, that
they should open a jewery account.

Reply:
FWIW, FICO does know the difference between MC/Visa etc and Store cards.
it does, but i don't think store cards are seen as a negative – both rate the same.
I think so too. But I think you'd get a few extra points if you had at least one major CC. But don't ask me how it would know the diff. between the GEMB WalMart store card and the GEMB WalMart Discover card on a CR.
But on CS I get a reason code (positive) of having bank cards such as 'MC/Visa'. Don't know if fico is the same or not. I've also had a FAKO reason code of too many balances on clothing accounts. lol. Yes, clothing accounts. I assume they mean Gap, Dillards, Old Navy, Hechts, etc, lol. Oh well, those were FAKO reasons, not sure that FICO would be the same.

Reply: But I see your point and agree, if it was First Bank of Deleware, or First National Bank of Marin, or Compu Credit, etc. Yep them would stand out on a manual review to any seasoned underwriter. But that's not saying an auto denial even if you do have those on your CR.
This is why i don't like CJ and think it's suggested as the first card to get way too often – the TL has 'can't get credit anywhere else' written all over it and it will stay on your reports for 10 yrs after you stop using it.
Pick and choose your cards wisely, they will be on the regular report for 10 yrs and forever in a full factual.

Reply: When I first started adding "prime" cards, I thought my scores would tank because I was adding accounts. Instead, they went up. Why? Becuase my new cards with $7000 and $10000 limits were raising my debt ratio, balancing out my Crap One $300 and $500 limit cards.
It's all relative. Sure, some people have Crap One cards with $20,000 limits. But, odds are, if you have a Crap One card, you have a low limit, which likely does more harm than good.
Except Cap1 doesn't report the limits, so no one needs to know what your limit is, unless you tell them. My Chase no-limit cards looks to have (because of HC) a $2806 limit… my USAir no-limit looks to have 1590… my cap1 has 514…. my other cap1 that just had a CLI looks like it has a limit of 386. Maybe i just like using the other two cards more than cap1.

Reply: FWIW, FICO does know the difference between MC/Visa etc and Store cards.
it does, but i don't think store cards are seen as a negative – both rate the same.

Reply: Agree that orchard and citi would be same with fico but not if manually reviewed by underwriter. Disagree about installments. Anything that has finance after i.e. american general finance, etc. does effect fico adversely, its in one of the reason codes.
Well with Orchard, it would be about the same if manually reviewed actually, but that's only b/c it shows up as HSBC on CR's, which offers some prime cards as well. In other words, there are plenty of people with stellar credit that have a 'HSBC' TL on their CR. Underwrite doesn't know if ya have an Orchard or a regular HSBC card with a 15k CL.
But I see your point and agree, if it was First Bank of Deleware, or First National Bank of Marin, or Compu Credit, etc. Yep them would stand out on a manual review to any seasoned underwriter. But that's not saying an auto denial even if you do have those on your CR.

Reply:Thank you all so very much. Great information for all. Hope I can help one day like CB and all the members helped me…

Reply: I FIRMLY believe that as a rule, to a COMPUTER, a revolving account is the same REGARDLESS who the issuer is. (that may vary depending on whether it is reported as a NO CL card or with a reported CL).
Same for Installment loans……….. Whether it's ACME FINANCE OR GRAND HERITAGE CREDITUNION, NO difference.
HOWEVER………….
To the seasoned underwriter, who knows Orchard from Bank of America, it might. Human influence and impressions come into play then.
So, it's a yes and no question that I would generically answer (for all practical purposes) NO.
HerLoss
Well, I don't think it's that simple. Computers can calculate UTIL and debt ratios. You have to take into account the SIZE of the credit limit you have received. "Prime" banks are more likely to give decent credit limits, enough to get your UTIL ratios to a good, solid level, thus raising your scores.
When I first started adding "prime" cards, I thought my scores would tank because I was adding accounts. Instead, they went up. Why? Becuase my new cards with $7000 and $10000 limits were raising my debt ratio, balancing out my Crap One $300 and $500 limit cards.
It's all relative. Sure, some people have Crap One cards with $20,000 limits. But, odds are, if you have a Crap One card, you have a low limit, which likely does more harm than good.
My point: "Prime" issuers are more likely to give great limits, which helps with credit scores.

Reply:No, as the above poster said, and I don't think so either. That the computer that figures FICO scores will not score you higher if you have a BofA instead of an Orchard.
HOWEVER, that said, with the subprime cards, there are usually ann. fees & other hidden fees that would hinder the utilization portion of your score. In addition, there would be greater chances of CL's with places like Citi & BofA. IF Orchard does give you a CLI at all, they charge you like $15.00 for it. BofA & Citi would give you a much larger CLI and they'd do it for free (assuming your account is in good standing etc).
Utilization makes up almost 1/3 of your score.
In addition, it is wise to build relationships with good banks that you plan on keeping open a LONG time. I want to keep my BofA card forever, but I closed that Orchard card right before the annual fee it. Therefore, I still have all that age from my BofA, but lost it on the Orchard b/c I closed the account.
What I've posted is assuming you have your choice between BofA, Citi, and Orchard.
If your scores are in such a shape that they will only allow for the Orchard, then I'd still get it, for now and close it before the annual fee hits again next year.
Orchard is by far the best as for the cards that will extend credit to those with no, little, or bad credit. Do not even waste your time with First Premier, Centennial, Milennium, etc. Major rip off artists.
FWIW, FICO does know the difference between MC/Visa etc and Store cards.

Reply:Didn't know that myself, but found out later. There are some very shady finance companies that are very much similiar to the payday loan. We probably have 5 of them in our small town. They take a car title or something, and lend 500 dollars and the interest in out the wazoo. I think that with these companies in particular its shows extreme need on the part of the borrower.

if close premier cards .will my score go down [score] [cards]

admin — Fri, 18 Mar 2011 19:48:00 +0000

when near Premier cards . my guests go . because to me a fee per month . cl = 300

Reply:well i got my report it says on there it will be removed june 2009 ….sol is june 2009 as soon as my utilization is under 10% will the score go up because im having a hard time getting american express

Reply:if it were me i would request validation as on a debt that old its possible they dont have it. I don't think i would pay it as you said you got approved for 17 cards . If it were me i would just get utilization to under 10%(but not 0% some say 6-7% is optimal) and work on disputing\dv that last baddie.
Does it fall off in 2009 or is sol ending??

Reply:i have done nothing ,i recieve calls from them to settle for $1000 …i owe $2700 on a crosscountry bank card other than that i dont owe anybody else but i dont know if i should settle or wait till june 2009 when sol kick in

Reply:When I closed my Applied Bank Card (same as Premiere, subprime, fee riddled) it was an $850 CL and my scores went up…

Reply:What have you done about the baddie?

Reply:now i have one baddie of 2700 on a cc on my report,it should fall of june 2009 should i pay it off now or wait till june for sol to kick in

Reply:Closing a $300 CL card shouldn't hurt your score and in fact you can take the money you were paying them in fees and put it towards the balances on your other cards, hence raising your scores.
The age of an account still matters even after you close that account
Fico likes to see utilization under 7% (93% available) but usually not less than 2~3%

Reply:It will hurt your scores significantly for the first 6 months, but after that, not too much. Try closing one at a time, in intervals of three months.

Reply:so its best to have 90% of credit space and 10% usage to get my score up?….also when i close them will it hit my hard credit score or soft

Reply:close em and make sure after the close you are still below 30%(pref 10%)

Reply:After that, I would say definitely. They aren't worth the fees once you've used them for their purpose. Even if you are going to lose fico points, you can probably regain them by paying down your other cards with that money every month. You said you have 75% free, I had the same thing going on last month, I paid off one card that brought my utilization down to 4%, my fico went up 14 points just because i dropped that much usage. You don't want to have 0%, but about 5% is the best you can do.

Reply: if close premier cards ..will my score go down…because they charge me a fee every month …cl=300
I ditched 'em as soon as I had better cards. Scores are higher now than ever.

Reply:i have 17 cards …i went on a spree ..no more spreeees ..my percentile is 75.2%…also whats a good percentile ..most of my cards have like 20 bucks on them there reel low ..i learned my lesson on maxing

Reply:You need to share more information with us in order for us to be able to help you.

Reply:Do you already have other cards? The main this this could impact is your utilization if the only other cards you have are low limits that have medium to high balances on them.
If you feel you're beyond the point of having to pay an AF for a card then absolutely ditch them.