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Established Contributor
IamB2
Posts: 544
Registered: ‎12-05-2013

Re: Rewards blog?


buildafico wrote:
What if a new card has not seen your spending habits yet ? Just curious on thoughts

The fraud detection algorithms will kick in. CCC spend a lot of money in in algorithms to determine what constitutes fraud and as such, if you do it once or twice, you may get away with it, but pattern develops quickly and it is noticable.

FICO® EQ 691 (8/4/14); TU08 697 (8/4/14); EX: 689 (8/4/14) - Last app 06/06/14; Inquiries in the last 2 yrs TU: 11; EQ: 11; EX: 12




Starting Scores: 590s on 12/2013. Hover over card image to view details! *After Amex approvals - Gardening!*
Frequent Contributor
buildafico
Posts: 336
Registered: ‎09-23-2013

Re: Rewards blog?

All good points. I probably would not risk it, although I think that's crap since it does not define this as illicit behavior. But i digress banks are not in business to pay us lol
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Established Contributor
IamB2
Posts: 544
Registered: ‎12-05-2013

Re: Rewards blog?


buildafico wrote:
All good points. I probably would not risk it, although I think that's crap since it does not define this as illicit behavior. But i digress banks are not in business to pay us lol

LOL. nice point

FICO® EQ 691 (8/4/14); TU08 697 (8/4/14); EX: 689 (8/4/14) - Last app 06/06/14; Inquiries in the last 2 yrs TU: 11; EQ: 11; EX: 12




Starting Scores: 590s on 12/2013. Hover over card image to view details! *After Amex approvals - Gardening!*
Moderator
09Lexie
Posts: 25,560
Registered: ‎09-13-2012

Re: Rewards blog?

The idea of a rewards blog is good.  Let's just make sure we don't tip toe into the land of MS:smileywink:

 

~Lexie

Frequent Contributor
buildafico
Posts: 336
Registered: ‎09-23-2013

Re: Rewards blog?

No I don't cross that threshold, I feel like this part of the reason they ask you your monthly housing payment. If we were all guilty of MS it would probably ruin rewards cards for everyone, and we don't want that lol just stick to creative ways to get more bang for your buck.
Like buying restaurant gift cards at kroger for 4x gas points :smileyvery-happy:
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Established Member
Carrie_in_Pa
Posts: 284
Registered: ‎06-10-2014

Re: Rewards blog?

MS is a bad thing i know. What if your local grocery store encourages it? Would the credit card company say it's a bad thing? I haven't decided how i feel about it even though im a crazy couponer.


Starting Score: 382 - 418 (2005) -- Current Score: 628 (TU08) -- 661 (Beacon 5.0) -- Goal Score: 750+
Into the Garden 6-15-2014 -- Digging in the dirt until 6-2015
Moderator
09Lexie
Posts: 25,560
Registered: ‎09-13-2012

Re: Rewards blog?


Carrie_in_Pa wrote:

MS is a bad thing i know. What if your local grocery store encourages it? Would the credit card company say it's a bad thing? I haven't decided how i feel about it even though im a crazy couponer.


Your local grocery store wouldn't be on the hook when Chase, Amex or Citi shuts down your accounts.  Obviously, you have to consider your level of risk but as far as discussing it here -it's a no no. :smileytongue:
Established Member
Carrie_in_Pa
Posts: 284
Registered: ‎06-10-2014

Re: Rewards blog?

Thanks Lexie, that was enough to make me decide how i feel about it.


Starting Score: 382 - 418 (2005) -- Current Score: 628 (TU08) -- 661 (Beacon 5.0) -- Goal Score: 750+
Into the Garden 6-15-2014 -- Digging in the dirt until 6-2015
Frequent Contributor
buildafico
Posts: 336
Registered: ‎09-23-2013

Re: Rewards blog?

Speaking of rewards I want the SAMs club MasterCard lol
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Established Member
Carrie_in_Pa
Posts: 284
Registered: ‎06-10-2014

Re: Rewards blog?

Sams Club... I've never even seen a Sams Club before. I think maybe i have to stop wishing for cards and start wishing to relocate where there's better shopping !!!


Starting Score: 382 - 418 (2005) -- Current Score: 628 (TU08) -- 661 (Beacon 5.0) -- Goal Score: 750+
Into the Garden 6-15-2014 -- Digging in the dirt until 6-2015

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