@CreditMagic7 wrote:
@longtimelurker wrote:Still don't understand why people want to do this! You end up paying the Premier AF just for the CL, as it offers no extra benefits over the uncapped Elite. That might be worth it for some, but you can get decent CLs on free cards!
Of course that's true enough longtimelurker but it still remains a hot card with very attractive starting limits when you compare to the wait period for some of your other lenders who no doubt might take take years to reach the point that Diner's is affording fresh out of the gate PERIOD. To nit pik over rewards is one aspect that already established cardholders have the luxury to scrutinize, but there are also many other positive factors for most others not yet in that comfortable minority, not the least of which can immediately be realized for them that will support going forward their own particular credit goals
You're paying for the chance to get a high limit. There's no gaurantee that you will get some astronomical figure and you just may not. People can do whatever with their money, it just doesn't make sense to me to pay an extra 300 or 95 just in hopes of getting a high limit. Keep in mind that just because one issuer gives a high limit doesn't mean that others will follow. As longtimelurker said, other places give high limits without risking an annual fee. Pentagon Federal Credit Union, Citi, and more recently Nasa Federal Credit Union are usually issuers that people get high limits from. Unless you need the extra credit, I don't see much benefit in the additional annual fee. Someone already tried to combine and was told no. BMO Harris has been issuing credit cards for a while, so it seems that they've no interest in doing such a thing.
@navigatethis12 wrote:
@CreditMagic7 wrote:
@longtimelurker wrote:Still don't understand why people want to do this! You end up paying the Premier AF just for the CL, as it offers no extra benefits over the uncapped Elite. That might be worth it for some, but you can get decent CLs on free cards!
Of course that's true enough longtimelurker but it still remains a hot card with very attractive starting limits when you compare to the wait period for some of your other lenders who no doubt might take take years to reach the point that Diner's is affording fresh out of the gate PERIOD. To nit pik over rewards is one aspect that already established cardholders have the luxury to scrutinize, but there are also many other positive factors for most others not yet in that comfortable minority, not the least of which can immediately be realized for them that will support going forward their own particular credit goals
You're paying for the chance to get a high limit. There's no gaurantee that you will get some astronomical figure and you just may not. People can do whatever with their money, it just doesn't make sense to me to pay an extra 300 or 95 just in hopes of getting a high limit. Keep in mind that just because one issuer gives a high limit doesn't mean that others will follow. As longtimelurker said, other places give high limits without risking an annual fee. Pentagon Federal Credit Union, Citi, and more recently Nasa Federal Credit Union are usually issuers that people get high limits from. Unless you need the extra credit, I don't see much benefit in the additional annual fee. Someone already tried to combine and was told no. BMO Harris has been issuing credit cards for a while, so it seems that they've no interest in doing such a thing.
Agreed, which also supports the advantage for some to apping for Diner's Club while that window is still open for this new consumer mastercard offers.
........it basically (like everything else in life) boils down to what is most beneficial for your own personal/business goals both short and/or long term after all is said and done isn't it?
And to add, Diner's Club certainly is not a NASA or other CU