Need some card advice

eblackman · ‎09-01-2016

Here is my situation:

I currently have a Suntrust MC Debit card and its a debit card not a credit card. Annual Fee is 95

I just got a letter today from Amex Delta Card that if i get that card 50K sign up bonus but the annual fee 95 waived for the first year.

Sould i cancel my Suntrust card delta and just go with this one.

Thanks,

E

Anonymous · ‎09-01-2016

@eblackman wrote:
Here is my situation:

I currently have a Suntrust MC Debit card and its a debit card not a credit card. Annual Fee is 95

I just got a letter today from Amex Delta Card that if i get that card 50K sign up bonus but the annual fee 95 waived for the first year.

Sould i cancel my Suntrust card delta and just go with this one.

Thanks,

E

Hi E.

What are your FICO scores? Prior to cancelling the debit card, I would apply for the Delta card first. Do you have any other credit cards? Any additional information would be appreciated.

Anonymous · ‎09-01-2016

Why would a debit card have an annual fee?

creditguy · ‎09-01-2016

The suntrust website shows the AF for their delta debit card as $75 so off the top they are ripping you off. I'd call for a reduction in the AF first, they even say a reduced AF may apply ask for details. Other than Amex's bonus offer the rewards structure is basically the same. Try for a reduction in the AF first and then go from there.

creditguy · ‎09-01-2016

@Anonymous wrote:
Why would a debit card have an annual fee?

It's a delta airlines skymiles debit card. A world debit card with WEMC silver balls to boot.

Anonymous · ‎09-01-2016

@Anonymous wrote:
Why would a debit card have an annual fee?

It's probably a subprime card. That's why we all love myfico cause we can eventually move away from these lenders charging us for everything.

creditguy · ‎09-01-2016

@Anonymous wrote:
@Anonymous wrote:
Why would a debit card have an annual fee?
It's probably a subprime card. That's why we all love myfico cause we can eventually move away from these lenders charging us for everything.

How can a debit card be subprime? Sun trust is a regional bank not a sub prime bank and the card carries an AF because it earns sky miles the same as Amex charging an AF charging an AF on their delta revolver. Your paying for the rewards not your credit rating.

Anonymous · ‎09-01-2016

@creditguy wrote:
@Anonymous wrote:
@Anonymous wrote:
Why would a debit card have an annual fee?
It's probably a subprime card. That's why we all love myfico cause we can eventually move away from these lenders charging us for everything.
How can a debit card be subprime? Sun trust is a regional bank not a sub prime bank and the card carries an AF because it earns sky miles the same as Amex charging an AF charging an AF on their delta revolver. Your paying for the rewards not your credit rating.
Very interesting. If that's the case, I think I would definitely try for the Amex then.

creditguy · ‎09-01-2016

@Anonymous wrote:
@creditguy wrote:
@Anonymous wrote:
@Anonymous wrote:
Why would a debit card have an annual fee?
It's probably a subprime card. That's why we all love myfico cause we can eventually move away from these lenders charging us for everything.
How can a debit card be subprime? Sun trust is a regional bank not a sub prime bank and the card carries an AF because it earns sky miles the same as Amex charging an AF charging an AF on their delta revolver. Your paying for the rewards not your credit rating.
Very interesting. If that's the case, I think I would definitely try for the Amex then.

Agreed, an Amex revolver can do more for you than a debit card in the long run.

eblackman · ‎09-03-2016

Creditguy and others my apologies for not responding back but as others have mentioned its a debit card issued from suntrust bank with 75.00 annnual fee. I have two other amex cards and they are Amex Everyday and an Amex Green which i have been using for about 20 years.

I have tried on a few occasions to get them to wave the fee for the Suntrust Debit card but the answer is always no.

E