Garden Club Meeting - August 2014

[myjourney]

On behalf of the GC club

Welcome To The Gardens Friday Night Social Event

Garden rules apply

No Drapping Allowed

Respect Everyone's Opinion

Drink responsibly in the virtual world as well as in the real world

Have fun

Any Friday is : Open Forum ....answer a question or ask a question.

If you're new to the garden and would like to know something about the garden or have questions please ask. If we can't answer it we will point you in the right direction.

Tonight's question Let's change it up a little tonight.....Pure hypothetical 

My goal is to always educate the GC as a group and this is by no means calling out anyone's situation but this does merit a conversation because it does happen and thus bringing it to light may empower and help others.

What's wrong in this situation?

I have 4 cards

3 of which I got 3 months ago

2 have signing bonuses CSP, PRG which I have met the bonus....Yay

2 have 0% for the next 9 months.

2 are maxed out

I have 700.00 each month to apply for the next 9 months.

1. CSP 5000 limit bal 4000 balance 0%currently (bonus)

2. Amex PRG 2200 balance (bonus)

3. Citi TYP 1800 limit bal 1638....18.99%

4. Chase Slate 2000 limit 1700 balance 0%currently (BT) 2 months ago

Tonight's menu

Pizza

Drink Menu

Wine and Beer

Non alcoholic drinks available

Don't see what you want ask your server

[mongstradamus]

---

@myjourney wrote:

On behalf of the GC club

Welcome To The Gardens Friday Night Social Event

Garden rules apply

No Drapping Allowed

Respect Everyone's Opinion

Drink responsibly in the virtual world as well as in the real world

Have fun

Any Friday is : Open Forum ....answer a question or ask a question.

If you're new to the garden and would like to know something about the garden or have questions please ask. If we can't answer it we will point you in the right direction.

Tonight's question Let's change it up a little tonight.....Pure hypothetical 

My goal is to always educate the GC as a group and this is by no means calling out anyone's situation but this does merit a conversation because it does happen and thus bringing it to light may empower and help others.

What's wrong in this situation?

I have 4 cards

3 of which I got 3 months ago

2 have signing bonuses CSP, PRG which I have met the bonus....Yay

2 have 0% for the next 9 months.

2 are maxed out

I have 700.00 each month to apply for the next 9 months.

1. CSP 5000 limit bal 4000 balance 0%currently (bonus)

2. Amex PRG 2200 balance (bonus)

3. Citi TYP 1800 limit bal 1638....18.99%

4. Chase Slate 2000 limit 1700 balance 0%currently (BT) 2 months ago

Tonight's menu

Pizza

Drink Menu

Wine and Beer

Non alcoholic drinks available

Don't see what you want ask your server

---

way too many cards maxed out would be 1st problem i see, second problem i see is why would you get the citi TYP card :-) Looks like this person is overspending. He is eventually going to have to pay an lot of interest which may counteract the gains points imo. 

[ScarletFever]

It worked out mongstradamus: paid off a way past sol balance, apped two weeks later, was approved, called to get back original MSD of 1991. Received new card with new MSD today. Waiting for CRA update. Goodluck to you and keep us posted!

[ScarletFever]

 Benefits of freezing? Any pitfalls?

[mongstradamus]

---

@ScarletFever wrote:

It worked out mongstradamus: paid off a way past sol balance, apped two weeks later, was approved, called to get back original MSD of 1991. Received new card with new MSD today. Waiting for CRA update. Goodluck to you and keep us posted!

---

thats awesome, i am waiting for 50k signup bonus with PRG, since its once in an life time bonus now. I want to make sure i get best value. I also have an MSD in the 90s , 1995 to be exact, so getting an few amex cards would definately pad my aaoa. 

[myjourney]

---

@mongstradamus wrote:

---

@myjourney wrote:

On behalf of the GC club

Welcome To The Gardens Friday Night Social Event

Garden rules apply

No Drapping Allowed

Respect Everyone's Opinion

Drink responsibly in the virtual world as well as in the real world

Have fun

Any Friday is : Open Forum ....answer a question or ask a question.

If you're new to the garden and would like to know something about the garden or have questions please ask. If we can't answer it we will point you in the right direction.

Tonight's question Let's change it up a little tonight.....Pure hypothetical 

My goal is to always educate the GC as a group and this is by no means calling out anyone's situation but this does merit a conversation because it does happen and thus bringing it to light may empower and help others.

What's wrong in this situation?

I have 4 cards

3 of which I got 3 months ago

2 have signing bonuses CSP, PRG which I have met the bonus....Yay

2 have 0% for the next 9 months.

2 are maxed out

I have 700.00 each month to apply for the next 9 months.

1. CSP 5000 limit bal 4000 balance 0%currently (bonus)

2. Amex PRG 2200 balance (bonus)

3. Citi TYP 1800 limit bal 1638....18.99%

4. Chase Slate 2000 limit 1700 balance 0%currently (BT) 2 months ago

Tonight's menu

Pizza

Drink Menu

Wine and Beer

Non alcoholic drinks available

Don't see what you want ask your server

---

way too many cards maxed out would be 1st problem i see, second problem i see is why would you get the citi TYP card :-) Looks like this person is overspending. He is eventually going to have to pay an lot of interest which may counteract the gains points imo. 

---

Mong very good answer and there's more to it also 

But bravo on getting this thing started 

[SusieQ]

I have been gardening a little over 2 weeks.

Question - doing a product change doesn't hurt my gardening status, does it?    i received (and accepted) and offer to upgrade my Cap1 rebuilder to Quicksilver today....

[mongstradamus]

---

@ScarletFever wrote:

 Benefits of freezing? Any pitfalls?

---

If you don't trust your self to not app it may be an good idea. Pitfalls i guess would be it costs money. 

[DaniBananiie]

Hey all! That person pretty much maxed out those cards, and he/she needs to just cut them up.

[Kenny]

---

@myjourney wrote:

What's wrong in this situation?

I have 4 cards

3 of which I got 3 months ago

2 have signing bonuses CSP, PRG which I have met the bonus....Yay

2 have 0% for the next 9 months.

2 are maxed out

I have 700.00 each month to apply for the next 9 months.

1. CSP 5000 limit bal 4000 balance 0%currently (bonus)

2. Amex PRG 2200 balance (bonus)

3. Citi TYP 1800 limit bal 1638....18.99%

4. Chase Slate 2000 limit 1700 balance 0%currently (BT) 2 months ago

---

One has to have 2.2k immediately for the PRG, so if you don't have that amount plus whatever minimum for the rest of your cards you're headed into trouble shortly. PRG needs to be zeroed each month since it's a charge. Then TYP needs to be paid 2nd since it's at 18.99%. Yes, Slate is maxed, but big whoop -- might cause a score ding, but at the end of the day I'm more concerned about dollars and cents immediately. After PRG and TYP have been zeroed then work on getting CSP and Slate less than 80% or whatever arbitrary number that one wishes it to be. (I don't know the "maxed" out % so just insert that there. lol I know I should know the number!!)