06-28-2013 12:05 AM
06-28-2013 12:14 AM
@red, you will get those cards eventually. No need to worry. They are really not that hard to get.
That being said, I would recommend you use your freedom as much as you can. It will help your internal scoring in various ways, including being labelled as being a more "profitable" customer for chase through swipe fees and/or interests.
Which if these makes you appear to be a better customer to CC companies? Someone who has a few large purchases a month and spends 5k or someone who has a ton of small purchases and spends like 3.5k? I'm just wondering with swipe fees if the CCs make more off the large volume swipers than the few big time purchasers. Its not part of my strategy or anything, I will use my card as I deem necessary, but its just more of a point of curosity for me.
06-28-2013 12:18 AM
06-28-2013 12:31 AM
My guess is that in general they would prefer the individual who spends more in general, since swipe fees are a percentage of what you spend.
That is what I was wondering about swipe fees. I forgot it was a percentage of what you spend. I used to accept CCs years ago, but just plain forgot since I didn't like having to kick back the fees to the CC companies when my clients paid that way.
06-28-2013 06:33 AM
Wonder if paying before the statement even cuts is your reason for no love... GE doesn't count the statement towards CLI if you don't report a balance either. (report balance, not carry balance past due date and take on interest.)
2 of my last 4 statement cycles for Sams Discover were zero balances, and last week they luv button me to 10k. Maybe that has changed?
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.