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Do you have to have the Upromise credit card or do the Barclays World mastercard count for the extra 5% back. I am already receiving the other cash back but was wondering if I would need to apply for a new card or if I can use my Barclays card. Thanks
@chaleria wrote:Do you have to have the Upromise credit card or do the Barclays World mastercard count for the extra 5% back. I am already receiving the other cash back but was wondering if I would need to apply for a new card or if I can use my Barclays card. Thanks
A World Mastercard just means that it is an upgraded version of the regular "Mastercard" meaning that the CL is $5,000+. Unless Barclay's offers World Mastercard cardholders 5% CB for just being a World cardholder, I haven't read up on that.
I have had the Upromise card since 2006. I started with Citi and moved over to BofA when that change occurred. This is my day to day card - I pay it off in full every month but charge groceries, gas, utilities, etc. to the card to take advantage of the contribution to my daughter's 529 plan. I am about to apply for a mortgage, but have been considering asking for a CLI on this card as the limit is low and as I said, I pay it off every month. BofA reviewed my account several years ago when most of my cards were maxed out and ended up decreasing the limit a couple hundred dollars. They advised me to pay down some other balances and call back to be considered for an increase. I never did call, but have substantially lowered the carrying balances on all of my other cards none of which have very high limits.
Unfortunately, now that I'm looking into applying for a mortgage, I've noticed that BofA seems to report my high balances on the card to the CBs rather than a balance as of a point in time. I have been monitoring this for more than 9 months and cannot find a pattern of when they report (sometimes at or before month end, sometimes after - my statement closes around the 22nd of the month). They end up reporting when the balance is highest and therefore my utilization is crazy high for this card, hence the reason I'm considering asking for a CLI. I'm wondering if this card is hurting my credit score. Is there any information as to when this switch to Barclay's will occur? When these types of changes happen, does the new creditor review the account for potential CLIs or decreases? Sounds like this will be really bad timing for me since I have no other relationships with Barclays and I'm not sure they'll receive my account history with BofA.