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@Shock wrote:This honestly seems like a student card....its supposed to help pay student loans, but its a WMC so its supposed to have a 5k minimum limit. Seems backwards! But I still want in.
It can be used to reduce the balance on your SM student loan, but it doesn't have to be.
But yeah I see what you mean ... 250/250/750 spend limits for 5% is pretty low on a $5k+ World MC.
@Involver wrote:
@Shock wrote:This honestly seems like a student card....its supposed to help pay student loans, but its a WMC so its supposed to have a 5k minimum limit. Seems backwards! But I still want in.
It can be used to reduce the balance on your SM student loan, but it doesn't have to be.
But yeah I see what you mean ... 250/250/750 spend limits for 5% is pretty low on a $5k+ World MC.
I basically look at the 5% categories as another form of incentve that restarts every month. nothing more, nothing less. As for the WMC portion, that is especially useful for amazon purchases and is added incentive to use the card as your primary spender on an amazon purchase. Say for example you are buying a $4k tv or $1.5k in books from amazon. Your incentive for using their card for the purchase is the inital 5% as well as the peace of mind given by the extended warranty.
This card has been quite the darling of the forum this past week. It's a good card, but even better when used with other reward cards that can cover beyond the $250 5% umbrella on gas and groceries each month or for general spend outside of those categories.
@afinch1992 wrote:
I basically look at the 5% categories as another form of incentve that restarts every month. nothing more, nothing less. As for the WMC portion, that is especially useful for amazon purchases and is added incentive to use the card as your primary spender on an amazon purchase. Say for example you are buying a $4k tv or $1.5k in books from amazon. Your incentive for using their card for the purchase is the inital 5% as well as the peace of mind given by the extended warranty.
Well, maybe not, as you would only get part of that covered at 5%, and a 2% card (on the whole $4K) might be better. For where you don't care so much about warranty, and if you can plan ahead, you can buy amazon gift cards for the month(s) before, and get 5% on the whole purchase that way.
@Shock wrote:Does anybody know what general score it takes to get approved? 715 perhaps? I'm looking at a 699 TU at the moment. I will wait for my collection to fall off next month. Anybody know what kind of a boost that may or may not entail?
Still 2 negs falling off this summer
I had exactly a 699 TU when I applied and got approved for $1400. No baddies however
@afinch1992 wrote:
@Shock wrote:Does anybody know what general score it takes to get approved? 715 perhaps? I'm looking at a 699 TU at the moment. I will wait for my collection to fall off next month. Anybody know what kind of a boost that may or may not entail?
Still 2 negs falling off this summer
I had exactly a 699 TU when I applied and got approved for $1400. No baddies however
Hmmm 1400. Was this the World Mastercard or Platinum? Platinum I assume?
That's what I don't want...
@Shock wrote:
@afinch1992 wrote:
@Shock wrote:Does anybody know what general score it takes to get approved? 715 perhaps? I'm looking at a 699 TU at the moment. I will wait for my collection to fall off next month. Anybody know what kind of a boost that may or may not entail?
Still 2 negs falling off this summer
I had exactly a 699 TU when I applied and got approved for $1400. No baddies however
Hmmm 1400. Was this the World Mastercard or Platinum? Platinum I assume?
That's what I don't want...
I think score isn't much of a correlation to CL here. I have scores around ~780, with the Barclays TU08 of 835, and they gave me $5K (fortunately a world). But 2 years ago, with very similar scores, my Barclays Rewards was a plat with $4.7K, and even when they gave me an auto-CLI to above $7K, as others reported, they would not change it to a world.