@Anonymous wrote:
@TiggerDat wrote:
Move on. Why take a HP from all 3 bureaus to get a card? Check out Wells Fargo, they have a 1.5% card, so does Chase, so do many other companies. CapOne might be the easiest to get, but it isn't worth whatever hassle pops up later. There are better cards out there which you can match with other cards out there to get a nicer portfolio.
Move along now, nothing here to see. And it really is the truth. I think, even myself, that we get frustrated with CapOne for what they do and want to prove to them their system is flawed, we can beat it, or other excuse to simply get what we deserve from banking with them for so long. However, we forget that this energy is better directed to proving not to them by getting another card with them, but instead to ourselves that we can get better cards out there with better rewards. I went through this and in some ways I regret it. But when I went through it I also had time to let things fall off and age my accounts. I would rather take one HP for a new card now than 3 HPs for any card with them. I know there 3 HP thing is a way to figure out what the worst terms they can offer you are and to insure that if you have a certain score that it hurts all three bureaus scores so you get trapped with them longer.
Do yourself a favor. Pick three cards you want and think you can get and apply for each of them. Chances are that if your score can get you in it will. You will get 3 times the sign up bonuses and 3 cards, or maybe just 2 times and 2 cards, or maybe once and one card. So for three pulls you can a chance at three cards or just one. It becomes your choice in the end, so why not make the best possible choice in first deciding on the best way to choose.....?........
CapOne pushed me away by not giving me increases. Today I have much more than I would have if I hadn't simply stopped trying to fight their system and moved along, because there was nothing to see their.
Was Cap1 your first credit card? When nobody else would give you one....Folks always get mad, hates and talks bad about Cap1 when they don't get CLI's (just like you admitted) or approved for the Venture. Better cards come along because of Cap1...Don't disrespect Cap1 because they didn't give you increases. Obviously they felt you didn't deserve any.
No CapOne was not my first, Merrick was my first with a secured card. I guess a person who pays and charges the entire limit 5 times one month and had two years of on time payments including months where the balance was paid off many times and had six credit cards all with great history and a score of 680 doesn't deserve anything regardless of increases from other cards. I had Merrick, 2 CapOne cards, Household Bank, Marathon Visa, and Walmart. I may of even had a few more cards at the time that I don't remember at the time. I applied for a PNC card and got a Signature card instant approval. Still they wouldn't give me an increase. Now that my Household card is with them and has been for a few years, it still doesn't get anything. At one point I even wanted to know what was real and I app'd for a QS card, instant Signature approval.
I now have almost $300,000 in credit and my CapOne/Household gets no love. So I think I speak from a bit of experience and experimentation.
It is by will alone I set my mind in motion.....
Always follow these rules: Only take a HP for a new account. Always use the best rewards card for that reward category. Don't close a card unless you know you really should. Never use more than 35% of a credit limit. Recon as much and as best you can. Use the introductory period to the best advantage. Get the signup bonus. Whenever possible PIF or balance transfer so you pay less in interest. Never give an excellent rating when it is actually the norm. Always look for a discount as more is always better.
Always accept candy from strangers because they have the best candy or from people you know have good candy.
