Credit Cards

[concorduser]

I have decided to keep my HSBC MC for another year. I made the deal so they reduced the AF from $39 to $19.50. I had the card for 3 years, I'll keep it for another year and let it post on my account. They also gave me $100 CL so now my new CL is $1600.

[YoungEntrepeneur]

Not a bad deal at all, glad to hear that you kept the card especially if it's one of your oldest cards.

[tonnie39]

I hope they are as generous with my BF when his card hits its anniversary.  Congrats on both the CLI and the AF reduction.

[YoungEntrepeneur]

Tonnie39, don't hold your breathe. They're only good for building credit, they don't grow with you.

[concorduser]

It started at $300 around 3 years ago and now it is at $1600. It is a definitely a good starter card comparing to CreditOne and several others. Looking back I dont think it is all that bad considering where I started and where I am now. As long as they keep giving me reduce AF I'll keep the card for few more years, after all it is some thing to rememeber by from where I started to where I am now.

[txjohn]

With a 3 year positive history on that card, and if you have kept your recent (last 3-4 years) credit clean and have worked to clean up the past, you may be ready to look at a better card.  Although a new account will lower your AAoA, this is inevitable whenever you do apply.

[YoungEntrepeneur]

Concorduser, what other cards do you have in your arsenal? Just curious

[haulingthescoreup]

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txjohn wrote:

With a 3 year positive history on that card, and if you have kept your recent (last 3-4 years) credit clean and have worked to clean up the past, you may be ready to look at a better card.  Although a new account will lower your AAoA, this is inevitable whenever you do apply.

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YoungEntrepeneur wrote:

Concorduser, what other cards do you have in your arsenal? Just curious

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lol, you two, concorduser is our preeminent acquirer of credit. He has enough plastic to scrape ice and snow off his windshield for a long, long time to come.

concord, congrats on successfully wrestling HSBC down to the ground! I think it's cool that you're hanging on to one to remind you where you started, and how far you've come.


edit: "dome"? cna't splel

Message Edited by haulingthescoreup on 03-27-2009 03:49 PM