Reply
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

Ive used Amex at every place you could imagine and nothing has happened.
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Super Contributor
enharu
Posts: 6,889
Registered: ‎02-27-2013

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

I don't think it really matters unless you're dining at some really questionable places (strip clubs for instance....)

 

Like CreditScholar said, Amex seems to be the only lender that is known to keep track. Other lenders might keep track, or they might not, depending on the tier of card you have and the clientele that card is supposed to cater to. 

 

At the end of the day, a whole lot of "low-scoring" transactions are not going to get you into trouble or affect your account drastically. It might just affect whatever targetted promotion they have for you and if the promotion isn't suitable for you in the first place, it's still going to be useless even if they do send it to you. Just use your card as much as you can, and pay on time, and preferably in full. Lenders, especially Amex, are very scared of people defaulting on them. 

JPMorgan Palladium (100k), AmEx Platinum (NPSL), AmEx SPG (46k), AmEx BCP (42k), Chase Sapphire Preferred (47k), Citi Prestige (31k), Citi Thank You Preferred (27k), Citi Executive AAdvantage (25k), JPMorgan Ritz-Carlton (21k), Merrill+ (15k), US Bank Cash+ (22.5k), Wells Fargo (12k), Bloomingdale’s (12.4k), Chase Freedom (5k), Discover IT (5k).
Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

Who goes for dinner at strip clubs?? And ive used Amex at strip clubs multiple times before and nothing has happen.
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
Established Contributor
JonStur
Posts: 902
Registered: ‎12-25-2010

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?


jsickz32 wrote:
Who goes for dinner at strip clubs?? And ive used Amex at strip clubs multiple times before and nothing has happen.

I bounced for a strip club, all I saw was AMEX flashing all night.  It was nothing for guys (an some ladies btw) to run five figures thru their cards....


Starting Score: TU 686 EX 641 EQ 690
Current Score: TU 779 EX 767 EQ 740
Goal Score: 800 Club

BCE $12.5K, 5/3 Sig $10K, Wally Discover 10K, Cash+ $9K Sam's Discover 10K, Freedom $6K, Zales $5.5K, More $5K, Cap one $5K, Barclay 2.5K, Household Plat $1.5K, Household Gold $1.5K, Credit One $1K, First Premier Plat $.675K First Premier Gold $.65K
New Member
CreditHammer
Posts: 120
Registered: ‎05-14-2013

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

Nothing could be further from the truth! As long as you use your card and make the payments on time then you're good to go.. Their is no analyst who is hires to watch your account for "suspicious restaurant spending" ...

 

"alright, let’s cancel this joker’s card.. he's spent 50 bucks at McDonalds in the last 2 weeks alone.. we can't have that" haha..  Trust me.. you're good to go

Frequent Contributor
phillyguy12
Posts: 327
Registered: ‎03-16-2011

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

i for the most part don't believe any of this, mainly because the CC company makes money every time your card is used, reguardless of the amt. you know the hold merchants put on your card for your purchase amt, they pay a fee for that hold, they also pay fees if the amt doesn't match the final amt and if they don't settle the transaction in a certain time frame, and they could pay a whole bunch more fees depending on what info is or isn't sent. i almost never use cash anymore, i just use my cards and pif and nothing has happen to me.  there was a something about this on world news a few months ago and they were calling it a spending profile score or somthing to that effect, they said spending at discount stores ect lowers the score, but in the end they said no one was tying it to financial decisions.  i think its nothing more than a way for cc's to make extra money off you by selling people's spending profiles to marketers


Amx BCE-9000,Amx Zync-NSPL
Barclay's Mastercard-5600
Credit Union Visa-1200
Discover-1900, Khols-1000
Established Member
katiecakes
Posts: 29
Registered: ‎12-09-2012

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

Its absolutely true-credit card companies hate when you eat out and pay with a credit card! Bring cash and tip your server with lots of cash as well if you want to keep your cards!!

 

Lol, just kidding, I am a waitress at Uno Chicago Grill and I hate credit card tips. :smileyvery-happy: 

Of course, nobody pays with cash anymore, everyone charges lunch. Like the posters before me, they only care that you pay it back. :smileyvery-happy:

Valued Contributor
jsickz32
Posts: 1,987
Registered: ‎06-25-2012

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

I tip with cash lol and if the waitress is pretty is a nice tip too :smileyhappy: lol
Amex BCE (2500) / Amex SPG (4000) / Amex GoldPR / Merrill+ Visa siggy (5000) / BofA Amex (6000) / Bofa cash rewards (5000) / BofA Privileges Cash Rewards (5000) / Citi Forward (4400) / Citi DP (2000) / Chase Freedom (4000) / Chase CSP (5000) / Chase Hyatt (5000) / Discover IT (1700) / FNBO AMEX (3600) / NFCU cashRewards Visa signature (15000) / NFCU Flagship Visa signature (12500) / NFCU Navcheck (5000) / Nordstrom (500) / MetroCU Visa Elite (5000) / Walmart (4500) / Kays Jewerels (6600) / Kohls (300) / Macys Platinum (2500) / DCU platinum Visa (17500) / Citizens bank cash back (1100) / Bill Me Later (1631) / PayPal Smart connect (2200) / BestBuy store card (2000)
R0C
New Member
R0C
Posts: 11
Registered: ‎05-14-2013

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

I can personally attest for the so called profiling that Amex does. I won't go into details, but if you are a big spender and make a few purchases at certain places that the vast majority shop at  an AA, FR or etc can commence. This was during the credit crunch and they will deny it. I've had TIER 1 credit for years and pushed 4 to 5 figures through them on a monthly basis for quite some time and I was the least of their worries, but they did CLD me. I've even purchased a car on their cards. So if they are capable of doing it once don't think that history can't repeat itself. Now when I had normal limits they could care less at where I shopped and such, but I do watch where I use my Amex at. I even tracked their SPs and the higher the limits they would consistently SP me more often. I know plenty of others that do the same also because the same has happened to them. According to the information that we researched at the time and gathered within us, people that shop at certain places were more likely to default and I do believe this to be true. Regardless, it's called profiling and Amex isn't stupid and do risk mitigation. For the vast majority this won't apply, but for the minority it's a reality.

Scores (updated 5/15/2013)
EQ 806 - TU 808 - EX 815 - DCU EQ 813 - PSECU EX 815 - CS EX 835 - CK TU 765 - CREDIT EX 800 - QUIZZLE EX 760

Tradelines
Amex Platinum to Amex PR Gold NPSL - NFCU Visa Platinum 45k - PenFed Visa Promise 44.5k - USAA Mastercard 35k - Service CU Visa 27k - Grow Financial FCU 25k - Amex Clear 25k - PSECU Visa 20k - Military Star Card 8.7k - PenFed Visa Gold .5k - PSECU PSL 20k

Banking
USAA - NFCU - PenFed - Service CU - Grow Financial FCU - PSECU - DCU
Established Member
katiecakes
Posts: 29
Registered: ‎12-09-2012

Re: Myth or Truth: Paying for Lunch on a CC Is Bad for You?

Nice, 5 stars for jsickz32!! You are on your way to credit sucess! :smileyvery-happy:    lol!


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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+