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Valued Contributor
parakleet
Posts: 1,135
Registered: ‎04-13-2013
0

Re: Any CC lenders that you would never do biz with?

@longtimelurker

I've been getting pre-approved offers for their cb cards for quite a while every time I log onto my checking account! I guess the short term rewards hasn't been compelling enough to get me out of the garden! 😂

Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Senior Contributor
longtimelurker
Posts: 5,958
Registered: ‎04-22-2013
0

Re: Any CC lenders that you would never do biz with?


parakleet wrote:
@longtimelurker

I've been getting pre-approved offers for their cb cards for quite a while every time I log onto my checking account! I guess the short term rewards hasn't been compelling enough to get me out of the garden! 😂

Yes, only compelling for those wanting manufactured spend cards, and this, uncapped in the right categories, is great for that.

Most active cards: Amex BC ($50K), Cap One QS ($33K) Fidelity Amex ($20K)
Others: CSP, Freedom, Chase Amazon, Cap One QS, Penfed Plat Rewards (x2), Citi TY Preferred, Citi Dividend, Citi AA Plat Select, Citi Forward, Amex BCE, Amalgamated Bank, Sallie Mae, Cash Plus
Scores May 14: EQ 848, EX 833, TU 841 (Jul)
Frequent Contributor
IcEWoLF
Posts: 284
Registered: ‎02-25-2009
0

Re: Any CC lenders that you would never do biz with?

To me this thread is pointless...


Every lender will be good and bad for people, not because the lender is bad, but because some lenders do not work for everyone and their specific plans they have.

 

EQ: 750 TU: 771 EXP: 800
Chase Sapphire Preferred: 7K | Chase Freedom Visa Signature: 5.7K
MERRILL+® Visa Signature®: 9K | Bank of America Accelerated Cash Rewards American Express Card: 5K
BankAmericard Privileges® with Cash Rewards: 7K
Discover IT: 8.5K | Costco AMEX: 10.7K | Barclay NFL: 4.9K | Citi ThankYou Preferred World Mastercard 7K | Amazon Chase 1.7K | Barclaycard Arrival Plus World Elite MasterCard 5K
Established Contributor
chwebb1
Posts: 508
Registered: ‎10-11-2013
0

Re: Any CC lenders that you would never do biz with?

[ Edited ]

Cards that I have that I love:

American Express - Always had great customer service when I needed them. They even overnighted me an ExpressPay card when I requested one - and I didn't even ask for the card to be overnighted. The rewards are also good for me. The 90 day/6 month CLI is also great. CL is generous.

 

Cards I have that I like:

Citi - They were generous with the CL when I applied. I have not yet asked for a CLI from them, but I have heard mixed results in regards to soft/hard pull. Their customer service is decent, but I do feel like they're always trying to sell me something/trying to get me to use their card exclusively.

 

Barclaycard: Their customer service is helpful. Their recon people were iffy, and I had to take a triple pull to get their card, but I love the interest rate, community, and regular customer service. Hopefully I won't have to deal with their Recon people again. I wish my CL was higher.

 

Cards I have that I tolerate: 

Discover: Decent rewards (Especially the 5%), and decent customer service. Toy credit line doesn't allow me to use the card in the way I had planned (I try to keep all accounts under 10% UTIL). It was also extremely difficult to open this account (They required me to send my student documentation to them multiple times.), and make multiple phone calls to the New Accounts department to get this card.

 

BB&T: Rewards are fairly crappy, and get worse every year it seems. They are also a little trigger-happy when it comes to freezing accounts due to 'fraud', which turned out in all but one case to be legitimate (They are extremely paranoid and have frozen my card at least 3 times with no warning). The customer service is decent. They appear to HP for CLIs, which is depressing. This is my second lowest interest rate, though (after the Ring).

 

Cards I hated so much I cancelled: 

Chase Freedom: The interest rate they gave me I considered to be usury (22.99%). They also gave me a toy credit line of $1200. Unhelpful customer service representatives, and HP for CLIs, which they declined for me. I canceled this card three months after getting it, mostly out of anger of the interest rate and credit line. I read on this forum that Chase doesn't lower interest rates, which was my biggest reason to cancel the card. I have no idea why Chase seems to have such a great reputation on this forum. That reputation definitely wasn't the case for me. And I will be unlikely to do business with them for quite a while. 

 

A card from my local credit union: This was my first credit card. The CL was never increased even when I used the card. The CL remained at $500, which made the card useless to me. I recently cancelled this card. 

 photo NUS000000012_160X101_STRAIGHT.gif photo NUS000000180_160X101_STRAIGHT.gif photo ScreenShot2013-10-12at111542PM.png photo DISCOVER_IT_LG.gif photo 8BEB_SIGNATURE_VISA_CASH_REWARDS_190x124.jpg photo HNY2HNY2.png photo bankamericard-better-balance-rewards-credit-card-small.png photo SLM2SLM2.png
$5000 ............ $4300 ............ $4000 ............ $2750 ............ $2500 ............ $1000 ............ $1000 ............ $1000
In the Garden until at least January 2015 (hopefully).
Frequent Contributor
oscar_actuary
Posts: 293
Registered: ‎03-25-2013
0

Re: Any CC lenders that you would never do biz with?

For 10 yrs, I threw all CitiBank invites away. 

A rep lied to me back then saying my payments would go proportionally to the higher and lower rate balances.  I held a grudge.  Earlier this year, I took them up for the $100 signup bonus and promptly spent $2300 on furniture to also get $115 5% category.

You keep your enemies closer.  hah.

 

FICO EX 739, 2013 Jun. FICO TU08 791, 2014 Apr. FICO EQ 736, 2013 Aug.
BofA Cash Rwrds Sig V 2013 10k; Fidelity Rewards AmEx /BofA 2013 15.4k; Chase Freedom Sig V 2002 24.1k; Chase Amazon Rwrds Sig V 2011 8k; Sam's Club GE Dscvr 2002 10k; Dscvr It 2012 10k; Citi Dvdnd Plat Sel V 2013 8.9k; PenFed Plat Rwrds V 2013 20k; AmEx Blue Sky 2013 21.6k; Priceline Rwrds Sig V 2013 8.7k; PayPal Xtras GE Cap Plat MC 2012 5k; JC Penny 2011 1k

Established Contributor
eddie84
Posts: 568
Registered: ‎05-28-2013
0

Re: Any CC lenders that you would never do biz with?

Cap1 & WF for me.  Just some bad personal experience with both.  That is all.

8/16/14 EQ 724 | AmEx Platinum NPSL | Discover it $11k | BofA Travel Rewards Visa Sig $7k | Citi Platinum Select AAdvantage WMC $10k | Barclaycard Arrival+ WMC $9.7k | Jared/Kay $5.1k | Chase Sapphire Preferred $5k | BofA Cash Rewards Visa Sig $5k | DFS $5k | PayPal SC $5k | Citi Diamond Preferred MC $4.7k | BofA Better Balance Rewards MC $7k | Chase Freedom Visa $4k | Zales $5k | US Bank Visa Platinum $3k | Bloomingdale's $3k | Amex Hilton HHonors $2k | Macy's $1.2k | Amex Delta SkyMiles $1k | Chase Amazon $800
Valued Contributor
DigitalArk
Posts: 1,062
Registered: ‎07-07-2013
0

Re: Any CC lenders that you would never do biz with?

I think Cap 1, WF, Barclays, BoA and Citi, ect. No particular reasons though.

Contributor
elvigy
Posts: 83
Registered: ‎07-27-2013
0

Re: Any CC lenders that you would never do biz with?

Citi. Back in 2009 I had a CC with them and they wanted to raise my interest rate to 30% (from 17). No amount of pointing out that I had a perfect payment history over a 9 year relationship with them would convince them not to raise the rate. So I closed the account and never looked back.

Amex BCP | Barclaycard Arrival WMC | Chase Slate | Discover IT
Valued Contributor
parakleet
Posts: 1,135
Registered: ‎04-13-2013
0

Re: Any CC lenders that you would never do biz with?

@chwebb1

 

You cancelled your Freedom after only 3 months? FWIW, Chase has lowered my APR upon request on my Amazon card. It's my understanding that 15.24% is the standard rate for their regular rewards earning cards while for the Slate, their lowest advertised rate is 11.99%.


Gardening since 7/16/14
Current: EQ 711 7/13/14; EX 724 TU 721 6/19/14
Goal: 760+
Established Contributor
chwebb1
Posts: 508
Registered: ‎10-11-2013
0

Re: Any CC lenders that you would never do biz with?

[ Edited ]

@parakleet: I did cancel my Freedom after 3 months. After the poor customer service, insulting interest rate, and toy credit limit (Which at the time and for the foreseeable future, I would be unwilling to take a HP to increase), I really didn't see any way that they could make me a happy customer, so I decided to cut my losses. I know it probably didn't do good things to my credit score, but I decided that I had just had enough of them. Especially when I had several other cards that I was happy with.

 photo NUS000000012_160X101_STRAIGHT.gif photo NUS000000180_160X101_STRAIGHT.gif photo ScreenShot2013-10-12at111542PM.png photo DISCOVER_IT_LG.gif photo 8BEB_SIGNATURE_VISA_CASH_REWARDS_190x124.jpg photo HNY2HNY2.png photo bankamericard-better-balance-rewards-credit-card-small.png photo SLM2SLM2.png
$5000 ............ $4300 ............ $4000 ............ $2750 ............ $2500 ............ $1000 ............ $1000 ............ $1000
In the Garden until at least January 2015 (hopefully).

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