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. BrickTamland

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

    I’m irrationally irritated by hits to my scores. It’s what keeps me from playing the churning game more (and that’s coming off of a 10d honeymoon in Greece where points paid for our business class seats and eight nights in five-star resorts.)
     
  2. laxjoe

    laxjoe Well-Known Member
    Donor
    Notre Dame Fighting IrishAvengersSan Diego Padres

    i had one delinquent payment from a student loan from 7 years ago that finally fell off this month. that, along with some clearing balances (not carried forward from the previous month, just paying a bill and not having additional expenses) on cards and my score jumped nearly 50 20 points.
     
    #10702 laxjoe, Jun 11, 2019
    Last edited: Jun 11, 2019
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  3. i am a bammer

    i am a bammer Ben Eblen>Jamychal Green
    TMB OG
    Alabama Crimson Tide

    Mine swings by about 10+ depending on when I check so I wouldn't sweat it
     
  4. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
    Donor
    Auburn TigersAtlanta BravesWashington RedskinsAtlanta United

    Sounds like to me you don't need to pay your Mortgage

    Nice work
     
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  5. BrickTamland

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

    I ever tell you about my organic banana #lifehack?
     
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  6. Zabka

    Zabka Well-Known Member
    Donor

    For those of you that are concerned with maximizing your credit score, it's a good practice to pay off/down your balance prior to the statement close date, especially if you utilize more than 30-40% of your available credit limit during the month. Credit card issuers generally report account balances to credit bureaus on or around when your account statement closes. If you have a high balance on your card, your credit card issuer will report high credit utilization, even if you pay off your balance in full before the payment due date.

    Your credit utilization ratio accounts for 30% of your credit score, so doing something as simple as changing when you pay your bill can have a significant impact on your score.
     
  7. PJP3

    PJP3 Well-Known Member
    Donor
    Colorado BuffaloesOakland RaidersFulhamLos Angeles Angels of AnaheimUnited States Men's National Soccer Team

    My wive froze her credit a while back. If I'm adding her as a cosigner to one of my cards, will she need to have her credit unfrozen?
     
  8. TAS

    TAS 20_ _ TMB Poster of the Year
    Donor

    It's fine every once in a while, but as a general practice, you should not be paying off your entire balance before the statement close date.

    Otherwise it gets reported as $0 usage and no on-time payment. A lengthy record of on-time payments, along with a good mix of accounts (preferably open for a long time) is how you maintain a high score
     
    Nelson likes this.
  9. TAS

    TAS 20_ _ TMB Poster of the Year
    Donor

    Really your credit score should be looked at from 2 angles:

    1. Building a good general credit score
    -vs-
    2. Achieving the highest possible score at a specific date (say for a loan/mortgage application)

    There are things to do for scenario #2 that you shouldn't be concerned with for scenario #1. And things that are ok for #1 that should explicitly be avoided #2.
     
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  10. TAS

    TAS 20_ _ TMB Poster of the Year
    Donor

    Data point for those up against the 5/24.

    1. Application for 2nd CIP denied for too many new accounts in past 2 years (3 main, 2 authorized users)

    2. Removed myself as AU from one account, waited 2 weeks for credit report to update, and applied again.

    3. Denied 2nd time, because 1st credit app denial was still active (for 30 days)

    4. Called in, had my application reconsidered, had to answer some questions about nature of business, income and profit amounts, requested credit limit.

    5. 20 mins later.... APPROVED!
     
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  11. SP1

    SP1 Ball State #1
    Staff Donor TMB OG
    Michigan WolverinesChicago CubsLos Angeles LakersChicago BearsWest Ham UnitedSneakers

    That's solid work
     
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  12. Lyrtch

    Lyrtch My second favorite meat is hamburger
    Staff Donor
    Clemson TigersAntifaAnarchy

  13. ohhaithur

    ohhaithur e-Batman
    Donor

    same. wish I got the amazon .5cpp cashout
     
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  14. LSU90

    LSU90 Well-Known Member

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  15. LSU90

    LSU90 Well-Known Member

    On another note wanted to report back about those applying for unlimited CIP's. I was approved for my CIP4 using normal name and SSN just as I did with my previous applications. After I meet this spend I will do the same for my wife. Like I mentioned earlier, getting approved for the CIP over and over comes down to 1) velocity of applications 2) credit (with chase) to income ratio which you wanted to keep below 50% as a rule of thumb. If anyone has any questions about this let me know...its 100k points everytime.
     
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  16. ohhaithur

    ohhaithur e-Batman
    Donor

    My only regret of breezing past 5/24 but as the hilton post indicates, you can't just hang around at 4/24 and hope. Shit goes sideways

    Happy you guys are killing CIPs though
     
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  17. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    Nice. We just met my GFs 3rd CIP bonus this week, and I just got approved for my 3rd CIP yesterday. Not sure how far more I want to push due to shutdown concerns though.
     
  18. LSU90

    LSU90 Well-Known Member

    As of the last time I inquired about this on Reddit, shutdowns are not a concern as of around last fall. You can gauge how much rope you have left by the credit limits you are getting on the new CIP's. I am going at a pace where I have already cancelled my CIP1 for my wife and I and will be cancelling our CIP2 in the fall when the AF hits. This keeps our Chase CL low and CL to debt below 50% so we can continue to get cards. As long as you don't get greedy I do not see how this will be an issue moving forward unless Chase changes their process.
     
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  19. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    They change shit all the time and Chase is smart. It will happen, but it always happens so that's why you take advantage of it before it does
     
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  20. LSU90

    LSU90 Well-Known Member

    Correct so until they change something I will continue getting as many CIP's as I can.
     
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  21. CF3234

    CF3234 Fan of: Bandwagons
    Donor TMB OG
    Miami HurricanesMiami MarlinsMiami DolphinsFlorida PanthersTiger WoodsGame of ThronesMiami Heat

    How do I get this 100k bonus points CIP signup? All I see is 80k
     
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  22. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    You get 20 for a referral and he's just referring himself
     
    arrdub likes this.
  23. arrdub

    arrdub Well-Known Member
    Florida State SeminolesTampa Bay Buccaneers

    CIPx is referring to Chase Ink Business Preferred, correct?
     
  24. CF3234

    CF3234 Fan of: Bandwagons
    Donor TMB OG
    Miami HurricanesMiami MarlinsMiami DolphinsFlorida PanthersTiger WoodsGame of ThronesMiami Heat

    ahhh. I assume that I can't refer from my CSR to CIP?
     
  25. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    You can not, correct
     
  26. i am a bammer

    i am a bammer Ben Eblen>Jamychal Green
    TMB OG
    Alabama Crimson Tide

    Disappointed about the Hilton devaluation. I might downgrade to the no AF card after my anniversary. I've already made a profit on it from just the airline credit, but it sucks that their points are the Zimbabwean dollar of the points world.
     
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  27. TAS

    TAS 20_ _ TMB Poster of the Year
    Donor

    For those with multiple CIPs, does your 2nd CIP automatically show up under your existing business account online? Or do you have to call and have them combined (similar to combining personal and biz accts)?
     
  28. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    I’ve got an AA advantage platinum select card that I’ve had for awhile. I want to get out of the $95 AF and churn some cards. I only have about 15k miles left on my advantage account. If I cancel the card, do I lose those miles? I want to sign up for the same card with a 65k mailer I got in the mail. Pls advise.
     
  29. Spontaneous Cumbustion

    Spontaneous Cumbustion Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati BengalsXavier MusketeersFC CincinnatiTottenham HotspurUnited States Men's National Soccer Team

    It showed up in my existing account which made it really easy.
     
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  30. Spontaneous Cumbustion

    Spontaneous Cumbustion Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati BengalsXavier MusketeersFC CincinnatiTottenham HotspurUnited States Men's National Soccer Team

    Just downgrade it to a card that has no annual fee. Also with that beautiful avatar you need to add Spurs to your fan of section.
     
  31. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    Shit i honestly thought I had
     
  32. TAS

    TAS 20_ _ TMB Poster of the Year
    Donor

    Thanks. It must just take a day or two for the new acct to show up.
     
  33. Spontaneous Cumbustion

    Spontaneous Cumbustion Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCincinnati BengalsXavier MusketeersFC CincinnatiTottenham HotspurUnited States Men's National Soccer Team

    Yeah it did for me as well. I actually called Chase thinking I had to do something to get it on my existing account and signed in ad there it was.
     
    TAS likes this.
  34. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    Downgraded that card. I’ve got the Hilton aspire that I will cancel before my second anniversary date. I also have CSR that I’ve had since it debuted. Does CIP make the most sense for me next?
     
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  35. Arkadin

    Arkadin inefficiently efficent and unclearly clear
    Donor

    Yes
     
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  36. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    Do most get instant approval for CIP? I did not and I feel bad.
     
  37. Uncle Tupelo

    Uncle Tupelo Well-Known Member
    Donor
    Ohio State BuckeyesCincinnati RedsCleveland Browns

    CIPs are almost never instant approval. Consult the flowchart on the previous page to check your status.
     
    Louis Holth likes this.
  38. WC

    WC Bad Company, till the day I die.
    Donor TMB OG
    North Carolina State WolfpackAtlanta BravesCharlotte HornetsCarolina PanthersCarolina Hurricanes

    Wow if only you’d asked me for a referral you’d have been super instant approved.
     
  39. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    Buzz gave me one and no surprise Bc he’s a low life
     
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  40. Louis Holth

    Louis Holth David LaChapelle levels of not giving a fuck
    Donor
    South Carolina GamecocksAtlanta BravesCharlotte HornetsCarolina PanthersTottenham Hotspur

    I even put in the comments section “I’m not a business man. I’m a business, man”
     
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  41. LSU90

    LSU90 Well-Known Member

    Use my referal :) : https://www.referyourchasecard.com/21a/7J85X9N6D2

    Believe it does as long as you use SSN on both or EIN on both. Otherwise you will have to get them to combine.

    I've gotten 7 between my wife and I and 0 have been autoapproved. As mentioned above follow the flowchart I posted on the last page.
     
    Louis Holth likes this.
  42. Flagpole

    Flagpole i wants to get funked up
    Donor
    Vanderbilt CommodoresAtlanta BravesAtlanta HawksAtlanta Falcons

    I had a really bad experience on Delta last week that I think I should get a bunch of miles for. What is the best avenue to complain? Is there anything I should make sure to say to maximize what I get?
     
  43. Oranjello

    Oranjello Well-Known Member
    Donor
    Green Bay PackersGrateful DeadMississippi Rebels

    So I am currently "platinum" status, but they're telling me to strive for earning "titanium elite" status. What is it that makes titanium > platinum? Is it the "elite" qualifier? On the hierarchy of precious metals, only rhodium is more precious than platinum (source 1, source 2), so that has to be it but at the end of the day I feel like they are really cheapening their brand by using a non-precious metal as one of their top tiers of status.

    upload_2019-6-13_12-5-9.png

    The names of these status levels have gotten kind of ridiculous.
     
  44. Where Eagles Dare

    Where Eagles Dare The Specialist Show On Earth
    Donor
    Auburn TigersAtlanta BravesWashington RedskinsAtlanta United

    :smug:

    1 for 1 instant approval
     
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  45. Houndster

    Houndster Ball don't lie
    Staff Donor

    First checked bag is free with the Delta Skymiles card, which I have.

    Can my gf use this to check a bag for free or does it have to be the person whose name is on the card?
     
  46. CF3234

    CF3234 Fan of: Bandwagons
    Donor TMB OG
    Miami HurricanesMiami MarlinsMiami DolphinsFlorida PanthersTiger WoodsGame of ThronesMiami Heat

    Fiancé is titanium elite, get auto upgrades anywhere we stay if available. 5 guaranteed upgrades a year. It’s been pretty cool. Gotten some 1200 square foot rooms for the price of a standard room.
     
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  47. tjosu

    tjosu This is kind of like the breakfast club, huh?
    Donor
    Oklahoma State CowboysHouston AstrosHouston TexansTiger Woods

    Generally the bag is only free if the reservation is booked with that card. So if you booked both flights and paid with that card it should be free. There's also usually a limit as to how many people can get a free bag per reservation but it's definitely at least the two of you
     
  48. Red Rover

    Red Rover Neck water faucet, mockingbirds mocking
    Donor TMB OG
    Notre Dame Fighting IrishPhoenix Suns

    My status changed to the 7-10 day notice.

    Are they gonna grill me hard when I call?
     
  49. ohhaithur

    ohhaithur e-Batman
    Donor

    Really? That sucks. I don't need to for American