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"As stated above, most Singatures report limits these days."
Most isn't all. I truly apprciate the help I do, I guess I just can't get the BS out of my head and worry. PNC said they would probably lower my 15k limit to 5k if I don't accept this Signature card. I really don't care. Maybe I am misinformed and going on old outdated info, I don't know. I also don't know how to quote you people in posts.
@BlackHawk1 wrote:"As stated above, most Singatures report limits these days."
Most isn't all. I truly apprciate the help I do, I guess I just can't get the BS out of my head and worry. PNC said they would probably lower my 15k limit to 5k if I don't accept this Signature card. I really don't care. Maybe I am misinformed and going on old outdated info, I don't know. I also don't know how to quote you people in posts.
if you are willing to lose 10K in credit which can possibly impact your scores from a utilization perspective, then why all the concern about the card being upgraded to a Signature?
I think that is there tactic to get me to switch. Why would I be forced to lose 10k when my credit score is 811, I have never been late, and always pay my balance in full each month? It's their BS and I don't appreciate it.
@BlackHawk1 wrote:I think that is there tactic to get me to switch. Why would I be forced to lose 10k when my credit score is 811, I have never been late, and always pay my balance in full each month? It's their BS and I don't appreciate it.
So that they can charge merchants higher fees when you swipe the card. With Signature, WMC and WEMC they earn more. You have nothing to be worried about and nothing to lose. It's that simple.
That's really nice of them! Wow, unreal, but not surprised. These companies make me sick.
You will be at a loss if you don't upgrade.
I believe at one time VS cards could hurt utilization but that was years ago. I've had the PNC CashBuidler VS for some time now and it reports the limit but account type is flexible spending, so your util will be just fine.
@Spider15 wrote:
BlackHawk1 - solution is to use cash.
LOL no I get too much back in cashback to do that. I pay off my balances in full every month. I have done that since I got a CC many moons ago.
@BlackHawk1 wrote:That's really nice of them! Wow, unreal, but not surprised. These companies make me sick.
Of course they make changes to benefit them rather than hurt themselves, but in this case the change doesn't negatively impact you. It might impact merchants but the belief is it brings them more business/better customers justifying the fee.
I think your fears are a little unfocused. Originally you seem to think the issuer was trying to sucker you into giving you a card which would lower your score. No real gain for the issuer there if it did, right? You pay in full, so even an APR change wouldn't hurt you.
But do what you feel happier with.