12-04-2012 02:49 PM
I just did.
Earlier this month, I applied for the Paypal Extras Mastercard. I was tempted by the 3x points on gas and restaurants. Someone in the myFICO forums pointed out that the point redemption rate wasn't 1:1 but that wasn't a dealbreaker for me so I applied anyway. Approved for $1500, not great but not horrible.
Today, I take the time to read the Reward Program Terms: "accrued Reward Points that are not redeemed will be forfeited 24 months (2 years) after they were first accrued". If I would have known that before, I wouldn't have applied.
Moral of the Story: Research the reward terms BEFORE applying
12-04-2012 02:55 PM
Its really not that bad of a card really especially if you do a lot of Ebay or purchase alot of things off other members on forums so you can send paypal. Plus its backed by GE so the account will grow. If you were in it solely for the rewards then I can understand
12-04-2012 03:35 PM
I have, like the Cap One Best Buy store card - apped in store instant approval of $1500 but now I'm like why....I don't shop there often enough to justify it, guess I'll just have to go get a TV and a few Xbox games or something.
Starting: 563 | Current: 753 (Walmart TU 11/12) | Goal: 800 | Garden since: 01/15/2013
12-04-2012 03:42 PM
I sorta do with my Sapphire :/ still don't have it in my hands yet, but it was one of those spur of the moment things while on a "future possible vacation" high...was really looking for those points...I would've wanted to garden a lot longer then go for my 6th card (was looking at the VentureOne for my go-to travel card with no annual fee...yeah yeah i know, it's CapOne, but...). It's alright though! By the time I'll be wanting to do hardcore spending towards travel, I'm sure I'll have offers to upgrade to CSP!
12-04-2012 04:14 PM
The Walmart store card I apped for/received with $600 CL. The $20.00 back on your first purchase over $100.00 & 15¢ off per gallon seemed great. Then I remembered a.) I absolutely hate all of the Walmarts near me & b.) the nearest Walmart gas station would cost more in gas just to get there to "save". I guess I will keep my eye on online shipping sales.
12-04-2012 04:18 PM
12-04-2012 04:24 PM
12-04-2012 07:48 PM - edited 12-04-2012 07:48 PM
Macy's Store Card. :/ I got it because I could get 20 bucks off this trench coat I really wanted, and I was 18 at the time and didn't know it was a "credit" card...thought it worked like a gift card. My credit line on it is only $100, lmao! But it's my second oldest tradeline, so I'll just leave it in the sock drawer.
12-04-2012 07:52 PM
learn from your mistakes!
i regret nothing!!!
|Current: Discover Fico 682 1/15 Walmart Fico 684 1/15|
Inquiries (24 Months): EQ 4 TU 1 EX 5 | Most Recent: 09/26/2014
|Amex Zync(Unicorn) |
Citi Diamond Preferred$6000
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO