Credit Card Thread - Now with a Beginner's Guide to free travel/FAQ

Discussion in 'The Mainboard' started by blind dog, Apr 10, 2015.

  1. TAS

    TAS 20_ _ TMB Poster of the Year
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    If I understand it correctly, Chase sent out emails to everyone (and I guess letters to those who get paper) notifying you that you have waived your right to join a class action lawsuit at any point in the future...unless you mail them a letter in the next two months saying you do not waive your right
     
  2. BellottiBold

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    Oregon Ducks

    Reports of customer service folks telling customers they'll be axed if they opt out, but I guess Chase is denying it? Shit is ridiculous anyway. Should be an illegal practice.
     
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  3. TAS

    TAS 20_ _ TMB Poster of the Year
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    Billion dollar business are people too!
     
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  4. laxjoe

    laxjoe Well-Known Member
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  5. LSU90

    LSU90 Well-Known Member

    Okay wait someone ELI5 this arbitration clause. Do I need to do this? What is the point of it?
     
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  6. ohhaithur

    ohhaithur e-Batman
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    Chase is preventing class action suits against them

    It means they can operate more in the grey area without fear of retribution from 99.99% of their clients

    And those who opt out have to go 1v1 against a fortune 500 company in court

    They are setting themselves up to be awful without punishment

    It's lose lose so I'm not even doing it
     
  7. LSU90

    LSU90 Well-Known Member

    Good talk
     
  8. Menelaus

    Menelaus The Red-Haired King
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    Alabama Crimson TideReal Madrid

    Wife got approved for CIP and I got referral bonus. Nice cool 100K UR points like it’s nothing.
     
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  9. Buzz

    Buzz Well-Known Member
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    I hit my CIP minimum spend this month. Now I guess I'm gonna do the same as above. I'll send my wife the referral and get her second CIP.
     
  10. Zebbie

    Zebbie Hey Mike, guess what I have in my underwear?
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    If you’re not even gonna do it then I may not either - you know a lot more about this than I do
     
  11. ohhaithur

    ohhaithur e-Batman
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    Honestly for me the risk is not worth the reward. My chase accounts are worth $10k to me, way more than any class action would get me so not worth the risk of eyes on my account
     
  12. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    My thoughts:

    Fuck Chase. This is some bullshit & should be illegal.
    I love free travel
    I pay off my balances, am a smart consumer, don't think I'll get fucked over.

    So I'm not going to do it.
     
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  13. ohhaithur

    ohhaithur e-Batman
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    Yeah, I think they're going to do very bad things re: missed payments, cash advances, etc but it won't get me
     
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  14. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    I just hope they don't start fucking with earned rewards. That's where they'll hurt me, but it seems like that would cause virtually everyone to cancel quickly. I can't see that happening
     
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  15. pratyk

    pratyk Arsenal FC, Rutgers Scarlet Knights
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    Everybody should have zeroed out their cash advance limits already or at least minimize it to a few dollars to avoid accidentally triggering it
     
  16. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    I don't even know how to do a cash advance on my credit cards
     
  17. ohhaithur

    ohhaithur e-Batman
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    They don't need to do this to mess with rewards. Rewards are fully up to them
     
  18. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    I mean taking away chase points or all of a sudden rendering them all = $0
     
  19. ohhaithur

    ohhaithur e-Batman
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    They have the ability to do that already but with 60 days notice iirc
     
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  20. TAS

    TAS 20_ _ TMB Poster of the Year
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    Any idea how long between approval and the bonus points posting?
     
  21. Menelaus

    Menelaus The Red-Haired King
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    Alabama Crimson TideReal Madrid

    Referral points posted to mine immediately after she got approved. I think it was 8-10 days after she applied. Still have to earn her bonus
     
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  22. Uncle Tupelo

    Uncle Tupelo Well-Known Member
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    Bonuses always show up Tuesday evenings. Usually the 2nd Tuesday after approval.
     
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  23. beist

    beist Hyperbolist
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    If you use a credit card to deposit money on a gambling site (eg twinspires.com), it counts as a cash advance. Did that for Kentucky Derby and got hit with a nice $10 cash advance fee, and the clock started ticking on the interest right away.

    Fortunately chase waived it all for me when I called and bitched.
     
  24. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    I assume you have to set up a pin and use it like a debit card or at an atm? I tried once like 10 years ago when I wanted to tip someone in cash and my debit cards strip was too fucked up and the bartender wouldn't just let me over tip her and hand me some cash from her tips. I couldn't get it to work
     
  25. TAS

    TAS 20_ _ TMB Poster of the Year
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    Thats good to know. Thanks!
     
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  26. CF3234

    CF3234 Fan of: Bandwagons
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    for CIP, I can apply as just myself right? don't need my corp set up yet?
     
  27. colonel_forbin

    colonel_forbin Well-Known Member
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    If my GF gets a Preferred, can she transfer her points to me so I can redeem them at 1.5x with my Reserve? Is that possible?
     
  28. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    If she's a household member, yes
     
  29. LSU90

    LSU90 Well-Known Member

    Correct
     
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  30. Red Rover

    Red Rover Neck water faucet, mockingbirds mocking
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    When you go this route, do you just use your social security for tax ID?
     
  31. laxjoe

    laxjoe Well-Known Member
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    Yes
     
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  32. laxjoe

    laxjoe Well-Known Member
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    Got an additional 120k Hilton points with a self refer to the lowest level Hilton Amex and the purchase of a tv. Not bad. Glad that works.

    Now need to get my gf on a couple cards for an additional 440k and that (plus the points I already have) will more than cover our honeymoon to Spain and Portugal next summer. Thanks friends for all the advice. This thread has been a game changer
     
  33. Lipp

    Lipp Spartan Dawg
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    Gf or fiancé?
     
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  34. Red Rover

    Red Rover Neck water faucet, mockingbirds mocking
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    Said they need more time to review. Do I need to call?
     
  35. laxjoe

    laxjoe Well-Known Member
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    others may have better advice, but i believe so. i was told they need more time, called and was approved.
     
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  36. laxjoe

    laxjoe Well-Known Member
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    my best friend
     
  37. laxjoe

    laxjoe Well-Known Member
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    Notre Dame Fighting IrishAvengersSan Diego Padres

    Red Rover this was my experience. can't remember if i waited 24 hours or if i called right away but i'm pretty sure i called within a couple hours
     
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  38. LSU90

    LSU90 Well-Known Member

    Follow this flow chart.
     
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  39. Red Rover

    Red Rover Neck water faucet, mockingbirds mocking
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    Thanks. Just called and got the 30 days line. Guess I need to keep calling
     
  40. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
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    What are you doing to get 440k Hilton points?
     
  41. The Hebrew Husker

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    Asking for a friend (seriously).

    What’s the best cash back card right now? Maybe one with no spending requirement and maybe one with a bonus if you spend $X early on.
     
  42. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    The largest cash back bonuses currently are chase business ink and Chase Sapphire preferred I believe
     
  43. laxjoe

    laxjoe Well-Known Member
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    Notre Dame Fighting IrishAvengersSan Diego Padres

  44. laxjoe

    laxjoe Well-Known Member
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    Notre Dame Fighting IrishAvengersSan Diego Padres

    only reason i posted that was because he said
    obviously the others you get much more value. but if the friend isn't looking to spend $5k/$4k in 3 months, those are the best cash back cards
     
  45. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    I don't know what he meant by that because the very next phrase is asking for a good sign up bonus if you spend a certain amount
     
  46. laxjoe

    laxjoe Well-Known Member
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    yeah that confused me as well.
     
  47. The Hebrew Husker

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    Basically I was asking for a card(s) that’d be good for cash back on a regular basis. Then asking if there was a different card(s) that offered a bonus based on spending a certain amount early on.

    Just because my friend has mentioned doing a kitchen update, but what sparked my question was him complaining he gets minimal rewards considering he uses it for most purchases and pays it monthly.
     
  48. BrickTamland

    BrickTamland You're not Ron...
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    Florida State Seminoles

    My credit score dropped 5pts because MB Financial was bought by Fifth Third Bank. As such, they reported my mortgage closed. Fucking hate this game.
     
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  49. Arkadin

    Arkadin inefficiently efficent and unclearly clear
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    That's totally inconsequential and will fix itself in like 60 days
     
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