I love credit cards so much!

[Lain]

APPROVED!

CONGRATULATIONS!



This is for the 120k UR CIP mailer right? I hope you feel all the trouble and waiting was worth it. You really worked to get this approval!

 

[trenty]

Did someone here tell me that you should only pay your Amex once a month when the statement is due? I'm the type that just pays on my credit cards every pay period (always pay in full, just like breaking up the payments). I felt like someone told me only to pay once a month but I can't remember for sure...

I pay mine every day.

 

[platamama]

Well, that feels good. I just went and changed the due date on all my Chase cards to the same date. Even though I usually check in once a week, I like knowing that they all have to be paid by the same easy to remember date.

Now my question. I just requested to lower the credit limit on my oldest, useless Slate card that I just use once or twice a year so they don’t shut it down. I’d like to lower some of my other limits, because right now chase has extended me well over 50% of my income, and I want to have room for the new SW card when it comes out. Actually, yikes! It’s pretty much 75%of my income. That’s nuts.

Anyhow, I seem to remember someone mentioning that $10000 was the minimum that Chase would approve a Reserve card for, so I don’t want to ask to go below that, right? Is anyone aware of any other minimums? My other cards are the sapphire preferred, a regular Marriott, and a regular IHG. I recently closed an old SW, and Chase raised the limit shortly afterwards on one of my other cards.

Thanks.

If you have the Sapphire Preferred, you won't be able to get the Sapphire Reserve because of new restrictions Chase put on Sapphire cards almost a year ago. Can't have more than one Sapphire. You could close your Sapphire Preferred along with its credit limit and that would take care of lowering your overall CL. But if you received the UR bonus within the last 24 months, you won't get the sign up bonus on the Reserve.

ETA: You would want to use or transfer any UR points you currently have before closing the CSP. I didn't see you list any other UR card? If you wait until your next statement posts, that's when you'll see the maximum URs you have. If used for statement credit you'll get every single UR. If used to transfer to travel partners, it can only be done in 1000 increments.

 

[Lain]

Did someone here tell me that you should only pay your Amex once a month when the statement is due? I'm the type that just pays on my credit cards every pay period (always pay in full, just like breaking up the payments). I felt like someone told me only to pay once a month but I can't remember for sure...

Ah. The recommendation is to not “cycle” your Amex credit limits. You don’t want to appear to be paying off your statement to make room to spend more than your credit limit in a given month. A lot of MSers do this, e.g., they’ll maximize utilization of their available credit to buy cash equivalents, liquidate, use funds to pay off the balance, and cycle again.

 

[ctinct]

That was super quick. They lowered my Slate limit in about 15 minutes. Every other time I’ve sent a secure message, Ive had to wait a day for a reply.

 

[DisneyMandC]

Ah. The recommendation is to not “cycle” your Amex credit limits. You don’t want to appear to be paying off your statement to make room to spend more than your credit limit in a given month. A lot of MSers do this, e.g., they’ll maximize utilization of their available credit to buy cash equivalents, liquidate, use funds to pay off the balance, and cycle again.

Ah, ok. I think I should be ok given that I never even come close to what my credit limit is every month on any of my cards. I just don't like seeing the balance get high and then have to pay it all at once each month haha. I know it makes no difference as I'm paying the same amount regardless, I just prefer to spread it out

 

[schmass]

For the Fidelity account - it's still saying that I have more steps to complete, but the funding step was successful last week. I haven't seen any bonus activity, either in my account or via email. Do I need to complete all of the additional steps (investing questionaires, etc) in order to receive the bonus? Or maybe somehow I'm just not going to receive it I know that the offer was still active when I signed up.

 

[ctinct]

If you have the Sapphire Preferred, you won't be able to get the Sapphire Reserve because of new restrictions Chase put on Sapphire cards almost a year ago. Can't have more than one Sapphire. You could close your Sapphire Preferred along with its credit limit and that would take care of lowering your overall CL. But if you received the UR bonus within the last 24 months, you won't get the sign up bonus on the Reserve.

Oh, sorry , I wasn’t clear. I have both sapphire cards already. Got them before the restrictions went into place.

 

[miztressuz]

Well, that feels good. I just went and changed the due date on all my Chase cards to the same date. Even though I usually check in once a week, I like knowing that they all have to be paid by the same easy to remember date.

Now my question. I just requested to lower the credit limit on my oldest, useless Slate card that I just use once or twice a year so they don’t shut it down. I’d like to lower some of my other limits, because right now chase has extended me well over 50% of my income, and I want to have room for the new SW card when it comes out. Actually, yikes! It’s pretty much 75%of my income. That’s nuts.

Anyhow, I seem to remember someone mentioning that $10000 was the minimum that Chase would approve a Reserve card for, so I don’t want to ask to go below that, right? Is anyone aware of any other minimums? My other cards are the sapphire preferred, a regular Marriott, and a regular IHG. I recently closed an old SW, and Chase raised the limit shortly afterwards on one of my other cards.

Thanks.

10k is the min you'll get approved for on the CSR, but you don't have to keep it there if you want to drop it. As evidenced by Chase themselves lowering peoples limits below that, it's not a definitive threshold. I just wouldn't go too low with it. If you wanted to use that to base your CL's then CSP is a 5k approval min, and most others are the same. I think there's a few that might be 3k.

There's no guarantee you'll get back what you lower so I'd make sure you don't go too drastic.

 

[StephPlum]

Anyhow, I seem to remember someone mentioning that $10000 was the minimum that Chase would approve a Reserve card for, so I don’t want to ask to go below that, right? Is anyone aware of any other minimums? My other cards are the sapphire preferred, a regular Marriott, and a regular IHG. I recently closed an old SW, and Chase raised the limit shortly afterwards on one of my other cards.

When I lowered my cash advance on my cards, they let me know I asked for something too low. They SMed the minimum and asked me to respond if that would work. If it works like that you can request something and if it is too low, they should let you know the minimum.

 

[miztressuz]

For the Fidelity account - it's still saying that I have more steps to complete, but the funding step was successful last week. I haven't seen any bonus activity, either in my account or via email. Do I need to complete all of the additional steps (investing questionaires, etc) in order to receive the bonus? Or maybe somehow I'm just not going to receive it I know that the offer was still active when I signed up.

No, at the time I got the bonus I had only completed the funding step as well. It was within 7 days from date of deposit I think, maybe possible just need another day or so. Did you get the email about the offer? It had a subject line "You're registered" which is not very descriptive but if you open it then it said about registering for the offer and gave a button to check your status.

 

[Alexle2007]

Morning all!
I just skimmed the last several pages, as I wasn't on yesterday.
On the DVC, LOVE it, wouldn't trade it for anything!!! I have only added on once, but sure wish I could have more! I also agree, so many people complain about things, why are they members? And so many that buy and have zero idea how it works, so not smart.

I also paid my property taxes with Plastiq, with no issues, once it finally let me submit it.

Good thing I have a new MSR to meet, since I broke off a chunk of a tooth over the holiday. That should make for a nice tidy bill to go toward the MSR LOL.

I saw that Amazon deal with the MR, but I don't have mine yet...they are still pending till my next statement, because my card is newer. Wahhhh!!! With ds buying his first place those gift cards could have come in very handy!

I am debating whether to pay my county property taxes through Plastiq. It's $122 fee for 15000 UR. I think DH will be totally against it especially since my annual fee is coming due on 8/8 and I am supposed to be closing that account...

 

[Psychodisney]

I am debating whether to pay my county property taxes through Plastiq. It's $122 fee for 15000 UR. I think DH will be totally against it especially since my annual fee is coming due on 8/8 and I am supposed to be closing that account...

Can you pay them, transfer the points and then close the account. At a quick look, those 15,000 points would be worth over $200 dollars on SWA.

 

[palhockeymomof2]

APPROVED!

Congrats

 

[schmass]

No, at the time I got the bonus I had only completed the funding step as well. It was within 7 days from date of deposit I think, maybe possible just need another day or so. Did you get the email about the offer? It had a subject line "You're registered" which is not very descriptive but if you open it then it said about registering for the offer and gave a button to check your status.

I got a few emails from them about the new accounts, but nothing with that subject line, and no mention of the bonus. I opened it last Thursday and the funding was in my account on Friday, so hopefully tomorrow or Monday I will see it. Otherwise I think I may have done something wrong. I did already have a 401k account with them, but from my understanding I should have still been eligible.

 

[Judique]

Did someone here tell me that you should only pay your Amex once a month when the statement is due? I'm the type that just pays on my credit cards every pay period (always pay in full, just like breaking up the payments). I felt like someone told me only to pay once a month but I can't remember for sure...

I pay many times a month. Been doing it forever (or as long as I've paid online). When the charge posts I move the money either using bill pay from my bank or I let Amex take it out from my checking account (only one card hooked up this way from way back which I haven't changed).

I may not log onto the account for 2 or 3 days but if I've made a charge, then I'll pay it. Sometimes if I'm using an offer I'll subtract that amount.

What's the reasoning for not paying until statement due date? I've suffered no ill effects that I'm aware of - no card denials, excellent range credit score. (varies a few points here and there like 838- 841, then will pop up further then drop a point or two.) Nothing that has ever concerned me.

I like to keep an eye on how much cash I have left in my self imposed allowance each month, so I'll rearrange purchases to match my cash flow so as not to dip into next month (or other savings). My way probably wouldn't work for most people.

 

[Judique]

Ah. The recommendation is to not “cycle” your Amex credit limits. You don’t want to appear to be paying off your statement to make room to spend more than your credit limit in a given month. A lot of MSers do this, e.g., they’ll maximize utilization of their available credit to buy cash equivalents, liquidate, use funds to pay off the balance, and cycle again.

Oh. never gave that a thought since my credit limit is 30 something and I use a few hundred most months unless I'm paying insurance or something cyclical. Maybe I'll start figuring this approach out to rack up some of the points earning that Marriott stole with their earning deval…..

 

[DisneyMandC]

I pay many times a month. Been doing it forever (or as long as I've paid online). When the charge posts I move the money either using bill pay from my bank or I let Amex take it out from my checking account (only one card hooked up this way from way back which I haven't changed).

I may not log onto the account for 2 or 3 days but if I've made a charge, then I'll pay it. Sometimes if I'm using an offer I'll subtract that amount.

What's the reasoning for not paying until statement due date? I've suffered no ill effects that I'm aware of - no card denials, excellent range credit score. (varies a few points here and there like 838- 841, then will pop up further then drop a point or two.) Nothing that has ever concerned me.

I like to keep an eye on how much cash I have left in my self imposed allowance each month, so I'll rearrange purchases to match my cash flow so as not to dip into next month (or other savings). My way probably wouldn't work for most people.

I think the only reason for not paying until the statement due date is what was described above about cycling credit limits. Not a concern for me though since I'm definitely not charging enough to approach my credit limit.

 

[miztressuz]

I got a few emails from them about the new accounts, but nothing with that subject line, and no mention of the bonus. I opened it last Thursday and the funding was in my account on Friday, so hopefully tomorrow or Monday I will see it. Otherwise I think I may have done something wrong. I did already have a 401k account with them, but from my understanding I should have still been eligible.

I have a 401k with them as well. It was the only thing I had until I opened these new ones. When you applied you went through the promo link and opened both accounts through the same application to start your stack? (https://communications.fidelity.com/pi/start-your-stack/?ccsource=offer) That was pretty much the only requirement other than not already having one of those accounts already.

 

[Judique]

I think the only reason for not paying until the statement due date is what was described above about cycling credit limits. Not a concern for me though since I'm definitely not charging enough to approach my credit limit.

Same here. I keep forgetting about the rest of the world...