Credit Card Questions

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  • Posts: 71

Replied by rsty99 on topic Re: Credit Card Questions

I applied for the Chase Slate credit card today, and called to check the status, the lady said I needed to mail them in a copy of my social security card and a copy of my vehicle registration. My question is does this mean I was approved?


I would go into your local Chase branch and talk with a manager, I would not send anyone my SSC or vehicle registration for a credit card.
7 years 10 months ago #76

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Replied by derek1061 on topic Re: Credit Card Questions

I applied for the Chase Slate credit card today, and called to check the status, the lady said I needed to mail them in a copy of my social security card and a copy of my vehicle registration. My question is does this mean I was approved?
7 years 10 months ago #77

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Replied by Wanderer on topic Re: Credit Card Questions

I have a question for you guys. I want to find a credit card with a no interest or low interest balance transfer offer. i have about $900 that i want to transfer and pay off from my capital one card. My credit scores are all around 670-680 range. equifax has no negative info at all, transunion and experian both have 2 old charge-offs about 5 years old, with a zero balance, and no other negatives. Does anyone have an idea of a card that would work for me?


Citi Bank Platinum Select MC is running a promo on BT's for up to 21 months. I am a cardholder and I got 15 months at 0% (card is over two years old). Citi takes care of their own.
7 years 10 months ago #78

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Replied by Faith on topic Re: Credit Card Questions

The suggestions to go with Citi are on point, they offer the best Balance Transfers, 0% for 12 - 18 months. However, for me they've always pulled Experian. Not sure of the approval success with delinquencies on one's credit report but won't know until you try.
7 years 10 months ago #79

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Replied by MajtykaMadness on topic Re: Credit Card Questions

I would suggest the Citi Preferred Diamond card. I believe it's still at 0% for purchases and Balance transfers for 21 months with NO annual fee and the APR I got was 14.9% and my scores are in the low 700's and a CL of $4800. I also have the Discover more, but the 0% term is shorter and the APR is a bit higher and I'm not sure you would get the Discover card without being at least a 700 score, But Citi you would.
8 years 3 weeks ago #80

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Replied by derek1061 on topic Re: Credit Card Questions

I would suggest the CITI Platinum Select mastercard, Chase Slate, or maybe even Discover More. All of these cards offer no interest for a period of at least 12 Months. I personally have the Discover More, & the Chase Slate and they are too of my favorite cards. Hope this helps.
8 years 4 weeks ago #81

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Replied by kforbes86 on topic Re: Credit Card Questions

I have a question for you guys. I want to find a credit card with a no interest or low interest balance transfer offer. i have about $900 that i want to transfer and pay off from my capital one card. My credit scores are all around 670-680 range. equifax has no negative info at all, transunion and experian both have 2 old charge-offs about 5 years old, with a zero balance, and no other negatives. Does anyone have an idea of a card that would work for me?
8 years 4 weeks ago #82

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Replied by alukens on topic Asking to remove annual fee

Hi folks,

I just hit my one year anniversary with Capital One (rewards Mastercard with $39 annual fee), and I still have a limit of $500. I am thinking about calling their backdoor number to request a credit limit increase, but I also don't like paying their annual fee now that I also have a discover card with no fee. When is it appropriate to ask to have the fee removed? Should I wait until this time next year?

They send me a lot of offers to add another card, but I'd rather just have a higher credit limit and no fee on my existing account. I use the card every month and always pay my balance in full.

Thanks for your advice!
A.L.L.
8 years 1 month ago #83

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Replied by Wanderer on topic Re: Credit Card Questions

I see and agree with most of your logic sir. However, I feel like since my credit union found out about that I have an American Express, they are much more open to CLI's.

For example, I opened my credit union Classic Visa Feb 2010, I asked for a CLI Feb 2011 of $1,000 (required hard pull). The following day the loan officer called me and was reviewing my credit report with me, he mentioned the Amex Blue cash & Zync the most, talking about the limits and age; for my other accounts he just named them off quickly. He was specifically interested in hearing about my two Amex cards! He even asked how satisfied I was with them in general. Who knows, maybe he was scared of the competition. He ended up giving me a $2,000 increase, I asked for $1,000.

Who knows....................


Or... just maybe, your having those cards raised his understanding of your creditworth in the market place. Remember, there are various interpretations on the affect of a charge card to credit analysis. Also remember... most every lender has their own internal lending model and critieria. They may access one or all three credit bureaus and run the results through their scoring model. Two similar vendors may handle different types of credit differently. So, the affects of a charge card could be different.
8 years 3 months ago #84

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Replied by Joeyman on topic Re: Credit Card Questions

Analysis of Credit Bureau Scoring Models. The long and short of it! Many people focus on what financial services names shows in their credit reports. Other than for pure psychological personal reasons, it doesn't matter. The credit bureaus can NOT discriminate. What does this mean? Whether it says Premier Bank or Chase Bank is irrelevant! What does matter to the credit bureau systems analysis is lender category such as bank credit card, installment loan (auto, boat, motorcycle, student loans, etc), mortgage, gas/department store, judgements, bankruptcy, late pay, tax liens, collections and so on. That is what leads the scoring process. Add in age of an "account age" along with "average age of accounts" in total and inquiries reported in the last twenty-four months. An added extra, the credit bureaus are said to ignore charge cards in their analysis and what this means is that while everyone is having a heart throb over an American Express Charge Card or a Diners Club Charge Card the real value will NOT be in the credit report but, in the psychological personal reasons (now there is discussion that in the absence of a credit line the report will factor on the high balance or credit which may show credit utilization at 100% or??? when in fact it is a charge card - good luck on this one). Unless a manual review is performed for an account, the lender's name would not even come out. Remember... it is like mortgage red lining where you were rated by where you lived (zip code) and/or where you were going to buy (zip code). These are pratices that run contrary to the law. If in fact you have questions on a lender's lending practices you may have a case for discrimination. Chances are, the lender will NOT run contrary to the law on discrimination (it is not worth the hassle). Now, lender's are able to establish scoring models and lending tools that may be focused more on one group of income earners vs another. American Express Platinum Card vs Walmart Discover Card holders which equal different client bases likely due to income and of course, potential loss risk!



I see and agree with most of your logic sir. However, I feel like since my credit union found out about that I have an American Express, they are much more open to CLI's.

For example, I opened my credit union Classic Visa Feb 2010, I asked for a CLI Feb 2011 of $1,000 (required hard pull). The following day the loan officer called me and was reviewing my credit report with me, he mentioned the Amex Blue cash & Zync the most, talking about the limits and age; for my other accounts he just named them off quickly. He was specifically interested in hearing about my two Amex cards! He even asked how satisfied I was with them in general. Who knows, maybe he was scared of the competition. He ended up giving me a $2,000 increase, I asked for $1,000.

Who knows....................
8 years 3 months ago #85

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Replied by Wanderer on topic Re: Credit Card Questions

Analysis of Credit Bureau Scoring Models. The long and short of it! Many people focus on what financial services names shows in their credit reports. Other than for pure psychological personal reasons, it doesn't matter. The credit bureaus can NOT discriminate. What does this mean? Whether it says Premier Bank or Chase Bank is irrelevant! What does matter to the credit bureau systems analysis is lender category such as revolving credit (bank credit card), installment loan (auto, boat, motorcycle, student loans, etc), mortgage, gas/department store, judgements, bankruptcy, late pay, tax liens, collections and so on. That is what leads the scoring process. Add in age of an "account age" along with "average age of accounts" in total and inquiries reported in the last twenty-four months. An added extra, the credit bureaus are said to ignore charge cards in their analysis and what this means is that while everyone is having a heart throb over an American Express Charge Card or a Diners Club Charge Card the real value will NOT be in the credit report but, in the psychological personal reasons (now there is discussion that in the absence of a credit line the report will factor on the high balance or credit which may show credit utilization at 100% or??? when in fact it is a charge card - good luck on this one). Unless a manual review is performed for an account, the lender's name would not even come out. Remember... it is like mortgage red lining where you were rated by where you lived (zip code) and/or where you were going to buy (zip code). These are pratices that run contrary to the law. If in fact you have questions on a lender's lending practices you may have a case for discrimination. Chances are, the lender will NOT run contrary to the law on discrimination (it is not worth the hassle). Now, lender's are able to establish scoring models and lending tools that may be focused more on one group of income earners vs another. American Express Platinum Card vs Walmart Discover Card holders which equal different client bases likely due to income and of course, potential loss risk!
8 years 3 months ago #86

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Replied by kforbes86 on topic Re: Credit Card Questions

my first statement for my oecu mastercard cut today, and the new account showed up on my credit report today too. it does show as only the credit union name on my credit reports! I am very happy with the level i have built my credit up to. 3 years ago when i started re-building, i never would have imagined i would have the scores, or good credit cards and loans, i have now.
8 years 3 months ago #87

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Replied by Wanderer on topic Re: Credit Card Questions

I found that out today too. my new card is serviced by tmg, but owned by my credit union, and the credit union makes all decisions regarding the accounts, credit limits, interest, minimum payment amounts.... etc. Tmg financial is owned and ran by the iowa credit union league. the adress for them in des moines is also the payment adress for my card. i think it is weird how the iowa credit union league would be issuing cards for my credit union in ok. and yes the oecu is my credit union. they have so far had great service besides finding this out.


What you found out is not unusual. There are other providers that provide a card services processing center for banks (issue credit card, manage accounts receivable, pay vendors, monitor and administer security and so on... to possibly even include rewards programs) as they cannot afford to set up a large processing/operation center to do all this as their card base is too small "economies of size and scale" so they own the receivables and control who gets what and pay the processing center to handle the day to day operations. One of my banks does that. As a note, it works seamlessly and well.
8 years 3 months ago #88

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Replied by kforbes86 on topic Re: Credit Card Questions

I found that out today too. my new card is serviced by tmg, but owned by my credit union, and the credit union makes all decisions regarding the accounts, credit limits, interest, minimum payment amounts.... etc. Tmg financial is owned and ran by the iowa credit union league. the adress for them in des moines is also the payment adress for my card. i think it is weird how the iowa credit union league would be issuing cards for my credit union in ok. and yes the oecu is my credit union. they have so far had great service besides finding this out.
8 years 3 months ago #89

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Replied by Joeyman on topic Re: Credit Card Questions

I went ahead and sent my credit union an email on this issue, just to see. I think they're not co-branding because when I call customer service its the same representatives for other account inquires, also the online part is on the same website as my checking & savings.

Hmmmm....
8 years 3 months ago #90

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