Welcome, Guest

Poll: Does anyone find this thread helpful?

Yes 65 80.2%
No 5 6.2%
Somewhat 11 13.6%
Total number of voters: 7 ( JacksonM, JGibbs, vincymol, CentsibleSaver, Ronald Patton ) See more
Only registered users can participate to this poll

TOPIC: Credit Card Questions

Disputing a Charge 4 days 7 hours ago #1

  • FrankN
  • FrankN's Avatar
  • Offline
  • Blogger & Researcher
  • Posts: 865
JacksonM wrote:
JGibbs wrote:
Yikes, was your credit card information stolen?

It's the only strange item I've seen so far. I've already gotten a letter back that it was resolved and I've received the refund. I'll be keeping an eye on the account to make sure nothing else pops up though.

Good news you received a refund. Did they issue you a new credit card with a new #?
The administrator has disabled public write access.

Disputing a Charge 1 week 2 days ago #2

  • JacksonM
  • JacksonM's Avatar
  • Offline
  • Junior Member
  • Posts: 35
JGibbs wrote:
Yikes, was your credit card information stolen?

It's the only strange item I've seen so far. I've already gotten a letter back that it was resolved and I've received the refund. I'll be keeping an eye on the account to make sure nothing else pops up though.
The administrator has disabled public write access.

Disputing a Charge 1 week 2 days ago #3

  • Wanderer
  • Wanderer's Avatar
  • Offline
  • Moderator
  • Posts: 1172
Note ... it was our ever popular Equifax that did not update their security patches to the tune of 143,000,000 files plus another 2,500,000 files. Hey ... who's left?!
The administrator has disabled public write access.

Disputing a Charge 1 week 3 days ago #4

  • JGibbs
  • JGibbs's Avatar
  • Offline
  • Junior Member
  • Posts: 94
JacksonM wrote:
I was "encouraged" to work it out myself. I put the dispute through, but does anyone know why they ask this? Is it in place in an attempt to discourage people from following through with claims?
Yikes, was your credit card information stolen? Yes, they're likely trying to discourage folks from initiating claims because it costs the company time and money. Don't forget that they have to deal with the seller and "investigate" the situation. I think chargebacks are more common now because the word is out and consumers are more aware of their rights. I'm sure some scammers abuse the process too. I also wonder if any of it has to do with the Experian breach. Maybe they're overwhelmed with claims right now.
The administrator has disabled public write access.

Disputing a Charge 1 week 5 days ago #5

  • JacksonM
  • JacksonM's Avatar
  • Offline
  • Junior Member
  • Posts: 35
Seems like I'm the only one using this thread, but strange things are popping up lately.

Recently I was going over my credit card information and had a purchase I didn't recognize from a company I've never heard of. When I initiated the dispute process, I was asked if I'd tried to resolve it with the company. I hadn't because it wasn't something I authorized. Before continuing I was "encouraged" to work it out myself. I put the dispute through, but does anyone know why they ask this? Is it in place in an attempt to discourage people from following through with claims?
The administrator has disabled public write access.

Mastercard Black Card 2 weeks 6 days ago #6

  • JacksonM
  • JacksonM's Avatar
  • Offline
  • Junior Member
  • Posts: 35
FrankN wrote:
JacksonM wrote:
I was recently "invited" to become a Luxury Card member with a Mastercard Black Card. When I first opened it I laughed because I didn't know black cards actually existed. I thought they were a filler for movies, like 555 for phone numbers. It's not a card I would apply for since it has a $495 annual fee, but it still blows my mind that I received this offer.

Do you remember what the limit, interest rate, and benefits were for the card?

The interest rate was something like 15.99%. The benefits were mostly travel related. I think 2% back, access to lounges, a free Luxury magazine, and the like.

Moneyes, I didn't follow through with the application. I'm just still shocked I received it.
The administrator has disabled public write access.

Mastercard Black Card 2 weeks 6 days ago #7

  • Moneyes
  • Moneyes's Avatar
  • Offline
  • Junior Member
  • Posts: 198
Barclays sounds better than it is. They have a good marketing team, that's for sure.

Just make sure you're not overextending yourself with a card like that.
The administrator has disabled public write access.

Mastercard Black Card 3 weeks 3 days ago #8

  • Wanderer
  • Wanderer's Avatar
  • Offline
  • Moderator
  • Posts: 1172
There are many premium high tier cards in the market place for the same or similar AF with real benefits!!! Examples: US Bank Altitude Reserve Infinite Visa, City National Bank Crystal Visa Infinite, Chase Sapphire Reserve Infinite Visa, JP Morgan Chase Ritz Infinite Visa, American Express Platinum, to name but a few with top end benefits and AF's of $400 to $550. These are real top shelf cards if a person can utilize true travel benefits and leverage their partners (airlines, hotels etc). Like most things Barclay's does today, their Luxury Cards at expensive low benefit cards (too bad). The initial starting credit lines is generally at least $10,000 (you need to qualify for this level). Oh redemption ... most have ways to leverage travel points to 3 points per dollar or more depending on the partners where Barclays is not that strong.
Last Edit: 3 weeks 3 days ago by Wanderer.
The administrator has disabled public write access.

Mastercard Black Card 3 weeks 4 days ago #9

  • FrankN
  • FrankN's Avatar
  • Offline
  • Blogger & Researcher
  • Posts: 865
JacksonM wrote:
I was recently "invited" to become a Luxury Card member with a Mastercard Black Card. When I first opened it I laughed because I didn't know black cards actually existed. I thought they were a filler for movies, like 555 for phone numbers. It's not a card I would apply for since it has a $495 annual fee, but it still blows my mind that I received this offer.

Do you remember what the limit, interest rate, and benefits were for the card?
The administrator has disabled public write access.

Mastercard Black Card 3 weeks 4 days ago #10

  • JacksonM
  • JacksonM's Avatar
  • Offline
  • Junior Member
  • Posts: 35
I was recently "invited" to become a Luxury Card member with a Mastercard Black Card. When I first opened it I laughed because I didn't know black cards actually existed. I thought they were a filler for movies, like 555 for phone numbers. It's not a card I would apply for since it has a $495 annual fee, but it still blows my mind that I received this offer.
The administrator has disabled public write access.

Credit Card Bonus for Holiday Travel 10 months 8 hours ago #11

  • FrankN
  • FrankN's Avatar
  • Offline
  • Blogger & Researcher
  • Posts: 865
Ronald, let us know which credit card you go with and why you chose it.
The administrator has disabled public write access.

Credit Card Bonus for Holiday Travel 10 months 2 weeks ago #12

Hi,
Thanks a lot for the information. It would be a great help.
Thank you
The administrator has disabled public write access.

Credit Card Bonus for Holiday Travel 2 years 1 month ago #13

  • FrankN
  • FrankN's Avatar
  • Offline
  • Blogger & Researcher
  • Posts: 865
With the holiday season not far away, now is a great time to get a credit card if you have some upcoming expenses. Your credit card bonus can be used for travel or lodging which may help you limit some of your holiday expenses.
The administrator has disabled public write access.

Cards W/Low Credit Limits 2 years 2 months ago #14

  • FrankN
  • FrankN's Avatar
  • Offline
  • Blogger & Researcher
  • Posts: 865
I would recommend against closing your credit card regardless of the low credit limits. You should consider the below 3 factors before canceling:
• Length of credit history - If you have had these CCs for a long time, canceling them can potentially hurt your credit score
• Mix of credit – the more diverse your credit types, the better your score
• Utilization rate - considering all of your credit cards combined, even though these CCs has low CLs

If the CCs have annual fees, you can consider canceling, but if they do not, I would recommend just storing them away or using them once a month on a small purchase to keep the good payment history going.
The administrator has disabled public write access.

Cards W/Low Credit Limits 2 years 2 months ago #15

  • SAR1954
  • SAR1954's Avatar
  • Offline
  • Junior Member
  • Posts: 107
I had a recent credit card approved with a limit of $7500. I have a few cards that were approved about 6-12 months ago, before my score shot up drastically and prior to my CH 13 falling off, around $3-500, but I also have larger limit cards. Will those few cards with the limits at $3-500 hurt me and if so, should I close them? I know closing accounts can also be bad but I wasn't sure if having cards with a drastic CL difference like that would be worse.

Thanks!
The administrator has disabled public write access.