Barclays Bandits strike again

[zarteycranford]

about 92000.

[disdreamin]

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@Bman70 wrote:

This is why I always carry balances of some amount or other.. I never paid in full for years, and got CLIs! 

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There is no way I'm paying interest just to keep CCCs from taking AA.  No. Way.

They are welcome to close my accounts if they see fit, but the day they begin requiring me to carry a balance and pay interest for the privilege of using their card is the day our relationship (such as it is) ends.  No way, no how.

OP, I hope things work out.  It would be nice if things were more transparent and we knew what triggered these kind of events.  Unfortunately it doesn't seem to be the way this credit game is played.

[baller4life]

That's why diversification is so crucial. One lender doesnt play nice you have other options.

[Open123]

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@baller4life wrote:
That's why diversification is so crucial. One lender doesnt play nice you have other options.

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Also, pattern of behavior is important.  

For instance, I've always made an effort to have lots of different charges (online, cash in Vegas, gas stations, walmarts, fast food, high end boutiques, dollar stores) and pay patterns across my cards.  Though I've always PIF when there's an interest rate, I've purposely utilized 0% promos to carry a balance too.

Not sure if it'll help during potential AAs, but certainly can't burt to disperse as wide a breadth of behavior as possible to limit being compartmentalized by their algorithms.

[mongstradamus]

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@Open123 wrote:

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@baller4life wrote:
That's why diversification is so crucial. One lender doesnt play nice you have other options.

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Also, pattern of behavior is important.  

For instance, I've always made an effort to have lots of different charges (online, cash in Vegas, gas stations, walmarts, fast food, high end boutiques, dollar stores) and pay patterns across my cards.  Though I've always PIF when there's an interest rate, I've purposely utilized 0% promos to carry a balance too.

Not sure if it'll help during potential AAs, but certainly can't burt to disperse as wide a breadth of behavior as possible to limit being compartmentalized by their algorithms.

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diversification like stocks is always an good idea!!! 

I wonder if i should test some of my CC i am going to take them to some casinos to buy dinner and stuff. I wonder if they may freak out. Looking at you CSP with 2x for dining :-)

[Ghoshida]

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@disdreamin wrote:

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@Bman70 wrote:

This is why I always carry balances of some amount or other.. I never paid in full for years, and got CLIs! 

---

There is no way I'm paying interest just to keep CCCs from taking AA.  No. Way.

They are welcome to close my accounts if they see fit, but the day they begin requiring me to carry a balance and pay interest for the privilege of using their card is the day our relationship (such as it is) ends.  No way, no how.

OP, I hope things work out.  It would be nice if things were more transparent and we knew what triggered these kind of events.  Unfortunately it doesn't seem to be the way this credit game is played.

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Carrying a balance is not the same as paying interest.

In this forum, paying in full = paying before your statement gets generated. 

Even if you let the statement post with a balance (carry a balance), as long as you pay all of the statement balance by the due date, you won't pay any interest.

[Open123]

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@Ghoshida wrote:

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@disdreamin wrote:

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@Bman70 wrote:

This is why I always carry balances of some amount or other.. I never paid in full for years, and got CLIs! 

---

There is no way I'm paying interest just to keep CCCs from taking AA.  No. Way.

They are welcome to close my accounts if they see fit, but the day they begin requiring me to carry a balance and pay interest for the privilege of using their card is the day our relationship (such as it is) ends.  No way, no how.

OP, I hope things work out.  It would be nice if things were more transparent and we knew what triggered these kind of events.  Unfortunately it doesn't seem to be the way this credit game is played.

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Carrying a balance is not the same as paying interest.

In this forum, paying in full = paying before your statement gets generated. 

Even if you let the statement post with a balance (carry a balance), as long as you pay all of the statement balance by the due date, you won't pay any interest.

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Right, with interest rates a 0, paying early for a nominally higher score is certainly worth the tradeoff.  However, once rates increase, it makes more sense to not only let a balance report, but pay at the last possible minute to earn interest on the float.

[disdreamin]

Ghoshida, I do know the difference between carrying a balance and paying interest. I was responding to a post where someone said they always carried a balance and never PIF. I interpret that as not just reporting a balance to the CRA, but actually CARRYING a balance. I find it unlikely they were always floating a balance in an intro, 0% account. Thus, they more than likely paid interest.

And PIF does NOT necessarily imply paying prior to the statement cut date, IMO. Not here or anywhere else that I've seen. That may be your interpretation, but I can guarantee you it gets used on these forums to mean not carrying a balance month to month. Having 0's reporting to the different bureaus is different.

[Ghoshida]

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@disdreamin wrote:
Ghoshida, I do know the difference between carrying a balance and paying interest. I was responding to a post where someone said they always carried a balance and never PIF. I interpret that as not just reporting a balance to the CRA, but actually CARRYING a balance. I find it unlikely they were always floating a balance in an intro, 0% account. Thus, they more than likely paid interest.

And PIF does NOT necessarily imply paying prior to the statement cut date, IMO. Not here or anywhere else that I've seen. That may be your interpretation, but I can guarantee you it gets used on these forums to mean not carrying a balance month to month. Having 0's reporting to the different bureaus is different.

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Doubt that.

When a lender (underwriter) pulls up my CR and comments that I'm carrying balances, it's mostly the snapshot: they may or may not be interest-bearing balances.

For the record, my cards mostly show a balance. And yes, a lot of it on 0% cards - which are, in the true sense, "carrying over" the balance. Others are month-to-month, show up on the CR as balances but paid before the due date. I don't pay interest but my CR shows 10-20% utilization (sometimes more). 

[disdreamin]

"Doubt that."

Fine, Ghoshida, I bow to your obviously superior knowledge. However, one can search the forums and find numerous examples of that acronym being used the way I mentioned (erroneously, apparently). There are actually quite a number of posts delineating the difference between just PIF and paying prior to statement cut (or report to bureaus) to show 0 balances. I must be misunderstanding this whole thing, however. 😏