topic Re: I know all of us here PIF (heh) but, in Credit Cards

I know all of us here PIF (heh) but,

Anonymous — Sun, 25 Jan 2015 18:27:26 GMT

I just found corporate america credit union... Anyone can join by being a member of the hope group. Their credit card offers 10 percent of interest back in rebates. If you haveto carry a balance that may well be the best reward you can get. Im such a credit union nerd.

Re: I know all of us here PIF (heh) but,

NRB525 — Sun, 25 Jan 2015 18:40:24 GMT

um, What is the APR they actually charge you?

If I offered you a CC with a 100% APR, and 10% Interest Rebate each year, would you be interested? You'd be getting 10% of your Carried Balance back each year! Such a deal!

Re: I know all of us here PIF (heh) but,

CreditCuriosity — Sun, 25 Jan 2015 18:48:55 GMT

Ever hear the saying. If it sounds to good to be true, then ......

Re: I know all of us here PIF (heh) but,

chalupaman — Sun, 25 Jan 2015 18:53:05 GMT

Maybe there's a string attached to this.

Re: I know all of us here PIF (heh) but,

HiLine — Sun, 25 Jan 2015 18:55:57 GMT

@Anonymous wrote:
I just found corporate america credit union... Anyone can join by being a member of the hope group. Their credit card offers 10 percent of interest back in rebates. If you haveto carry a balance that may well be the best reward you can get. Im such a credit union nerd.

10% of interest back means an APR reduction. If the credit union charges 10% APR, the reduction will result in a 9% APR.

I sure hope nobody has to carry a balance at this APR.

Re: I know all of us here PIF (heh) but,

Revelate — Sun, 25 Jan 2015 19:24:03 GMT

@HiLine wrote:
@Anonymous wrote:
I just found corporate america credit union... Anyone can join by being a member of the hope group. Their credit card offers 10 percent of interest back in rebates. If you haveto carry a balance that may well be the best reward you can get. Im such a credit union nerd.
10% of interest back means an APR reduction. If the credit union charges 10% APR, the reduction will result in a 9% APR.

I sure hope nobody has to carry a balance at this APR.

When it's that or living on the street, doesn't suck. Sure a savvy person might know it's impending and get a few 0% promotional cards but if you don't have time for that or you don't see it coming, or your score is already tanking... having that account setup ahead of time is a smart thing.

That said their top tier 750+ on the top end Platinum Advantage (according to their disclosures, wish more lenders did this!) is 9.90% APR currently, so it'd be ~8.9%. That's about the same as DCU and others offering a low rate, nothing to write home about really. Didn't look into their rewards program which they suggest can be tacked on, not sure if that changes the APR or not as it wasn't in the disclosure I looked at.

Re: I know all of us here PIF (heh) but,

HiLine — Sun, 25 Jan 2015 19:40:30 GMT

For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx

Re: I know all of us here PIF (heh) but,

elim — Sun, 25 Jan 2015 19:45:59 GMT

@HiLine wrote:
For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx

@ or Barclay Ring @ 8%

Re: I know all of us here PIF (heh) but,

CreditCuriosity — Sun, 25 Jan 2015 20:03:59 GMT

@elim wrote:
@HiLine wrote:
For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx
@ or Barclay Ring @ 8%

Ring is an awesome card IMO.. Most people wouldn't qualify for Simmons on this forum as they are very very conservative. Most is a broad statement as quite a few can, but not your typical myfico poster as they love rewards and are up their in inquiries.

Re: I know all of us here PIF (heh) but,

Anonymous — Sun, 25 Jan 2015 20:08:29 GMT

@NRB525 wrote:
um, What is the APR they actually charge you?

If I offered you a CC with a 100% APR, and 10% Interest Rebate each year, would you be interested? You'd be getting 10% of your Carried Balance back each year! Such a deal!

Totally.

It's just like compulsive gambling.

"I won a $5,000 Jackpot!"

"But I lost $100,000 trying to get it."

Re: I know all of us here PIF (heh) but,

Revelate — Sun, 25 Jan 2015 21:18:37 GMT

@CreditCuriousity wrote:
@elim wrote:
@HiLine wrote:
For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx
@ or Barclay Ring @ 8%
Ring is an awesome card IMO.. Most people wouldn't qualify for Simmons on this forum as they are very very conservative. Most is a broad statement as quite a few can, but not your typical myfico poster as they love rewards and are up their in inquiries.

To be honest looking at the credit pulls database for the Ring, not certain I'd get either card, at usuable levels anyway... though there just isn't enough data on either.

DCU 8.5% and in my case likely a chance for a higher CL

Ring: 8% and I'm seeing several <1K approvals, I might be higher with my Sallie at 8.4K but no guaruntee; agreed excellent card and not like I use my TU report for much of anything anyway but .5% difference I don't worry about at these dollar values. Even at $300k over 15 years that translates to 13k and change on a mortgage (not the same as balance carrying for a year but it's a non-suck perspective I think), which while non-trivial is better than being on said streets

Simmons: 7.25% my file ain't pretty even if my inquiry count is low compared to many people. Seems like a flier application for me, have to be realistic in what can obtain, no recent pull data published.

Maybe we need to try to get a good credit pulls database going (whogavemecredit never impressed me); have to think about that as it wouldn't be hard or expensive to implement even for me by myself if FICO blessed it. Run it off small donations as I hate advertising junk, likely would break even.

Re: I know all of us here PIF (heh) but,

CreditCuriosity — Sun, 25 Jan 2015 21:23:04 GMT

@Revelate wrote:
@CreditCuriousity wrote:
@elim wrote:
@HiLine wrote:
For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx
@ or Barclay Ring @ 8%
Ring is an awesome card IMO.. Most people wouldn't qualify for Simmons on this forum as they are very very conservative. Most is a broad statement as quite a few can, but not your typical myfico poster as they love rewards and are up their in inquiries.
To be honest looking at the credit pulls database for the Ring, not certain I'd get either card, at usuable levels anyway... though there just isn't enough data on either.

DCU 8.5% and in my case likely a chance for a higher CL
Ring: 8% and I'm seeing several <1K approvals, I might be higher with my Sallie at 8.4K but no guaruntee; agreed excellent card and not like I use my TU report for much of anything anyway but .5% difference I don't worry about at these dollar values. Even at $300k over 15 years that translates to 13k and change on a mortgage (not the same as balance carrying for a year but it's a non-suck perspective I think), which while non-trivial is better than being on said streets
Simmons: 7.25% my file ain't pretty even if my inquiry count is low compared to many people. Seems like a flier application for me, have to be realistic in what can obtain, no recent pull data published.

Maybe we need to try to get a good credit pulls database going (whogavemecredit never impressed me); have to think about that as it wouldn't be hard or expensive to implement even for me by myself if FICO blessed it. Run it off small donations as I hate advertising junk, likely would break even.

If MyFico would bless it, I would love to help out and do the database side of it, if you would like help.. I do database design/development/dba work for a living .. Although the design for storing this information would be fairly trival only a few tables lol. So are you suggesting my MyFico host it kinda like they host the forum?

Re: I know all of us here PIF (heh) but,

B335is — Sun, 25 Jan 2015 21:28:57 GMT

I'm done wasting pulls on CU cards. I agree, there's better options for carrying a balance.

Re: I know all of us here PIF (heh) but,

Revelate — Sun, 25 Jan 2015 21:38:05 GMT

@CreditCuriousity wrote:
@Revelate wrote:
@CreditCuriousity wrote:
@elim wrote:
@HiLine wrote:
For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx
@ or Barclay Ring @ 8%
Ring is an awesome card IMO.. Most people wouldn't qualify for Simmons on this forum as they are very very conservative. Most is a broad statement as quite a few can, but not your typical myfico poster as they love rewards and are up their in inquiries.
To be honest looking at the credit pulls database for the Ring, not certain I'd get either card, at usuable levels anyway... though there just isn't enough data on either.

DCU 8.5% and in my case likely a chance for a higher CL
Ring: 8% and I'm seeing several <1K approvals, I might be higher with my Sallie at 8.4K but no guaruntee; agreed excellent card and not like I use my TU report for much of anything anyway but .5% difference I don't worry about at these dollar values. Even at $300k over 15 years that translates to 13k and change on a mortgage (not the same as balance carrying for a year but it's a non-suck perspective I think), which while non-trivial is better than being on said streets
Simmons: 7.25% my file ain't pretty even if my inquiry count is low compared to many people. Seems like a flier application for me, have to be realistic in what can obtain, no recent pull data published.

Maybe we need to try to get a good credit pulls database going (whogavemecredit never impressed me); have to think about that as it wouldn't be hard or expensive to implement even for me by myself if FICO blessed it. Run it off small donations as I hate advertising junk, likely would break even.

If MyFico would bless it, I would love to help out and do the database side of it, if you would like help.. I do database design/development/dba work for a living .. Although the design for storing this information would be fairly trival only a few tables lol. So are you suggesting my MyFico host it kinda like they host the forum?

If they give blessing to it, I'll take the help. I've done non-trivial database work over my varied career but I'm all for extra hands and you've likely done more than I have... agreed this is dirt simple.

No, myFICO might decide to do that from a product perspective but I figure they would've already if they'd done so; this would be me and whoever else wants to help out presumably, no links, no advertising, donations accepted, run off a small cloud instance which can be easily changed if there's any sort of traction on it. Community service application basically, but to be relevant it needs a higher user base using it... we have that community here, think it'd be useful to consumers if leveraged in such a fashion.

Not exactly high tech but this doesn't really need to be more than that. Postgres backend, some Node.js front-end, some indexing so things like score or derogatories could be searched on besides just lender name... just think the current ones aren't getting traction and could be done so much better frankly.

Re: I know all of us here PIF (heh) but,

Anonymous — Sun, 25 Jan 2015 21:38:42 GMT

@B335is wrote:
I'm done wasting pulls on CU cards. I agree, there's better options for carrying a balance.

Got a Ring?

Re: I know all of us here PIF (heh) but,

CreditCuriosity — Sun, 25 Jan 2015 21:48:04 GMT

@Revelate wrote:
@CreditCuriousity wrote:
@Revelate wrote:
@CreditCuriousity wrote:
@elim wrote:
@HiLine wrote:
For an even lower APR, you could also try Simmons First Visa Platinum at 7.25%.

http://www.simmonsfirst.com/personal_banking/credit_cards/visa_platinum.aspx
@ or Barclay Ring @ 8%
Ring is an awesome card IMO.. Most people wouldn't qualify for Simmons on this forum as they are very very conservative. Most is a broad statement as quite a few can, but not your typical myfico poster as they love rewards and are up their in inquiries.
To be honest looking at the credit pulls database for the Ring, not certain I'd get either card, at usuable levels anyway... though there just isn't enough data on either.

DCU 8.5% and in my case likely a chance for a higher CL
Ring: 8% and I'm seeing several <1K approvals, I might be higher with my Sallie at 8.4K but no guaruntee; agreed excellent card and not like I use my TU report for much of anything anyway but .5% difference I don't worry about at these dollar values. Even at $300k over 15 years that translates to 13k and change on a mortgage (not the same as balance carrying for a year but it's a non-suck perspective I think), which while non-trivial is better than being on said streets
Simmons: 7.25% my file ain't pretty even if my inquiry count is low compared to many people. Seems like a flier application for me, have to be realistic in what can obtain, no recent pull data published.

Maybe we need to try to get a good credit pulls database going (whogavemecredit never impressed me); have to think about that as it wouldn't be hard or expensive to implement even for me by myself if FICO blessed it. Run it off small donations as I hate advertising junk, likely would break even.

If MyFico would bless it, I would love to help out and do the database side of it, if you would like help.. I do database design/development/dba work for a living .. Although the design for storing this information would be fairly trival only a few tables lol. So are you suggesting my MyFico host it kinda like they host the forum?
If they give blessing to it, I'll take the help. I've done non-trivial database work over my varied career but I'm all for extra hands and you've likely done more than I have... agreed this is dirt simple.

No, myFICO might decide to do that from a product perspective but I figure they would've already if they'd done so; this would be me and whoever else wants to help out presumably, no links, no advertising, donations accepted, run off a small cloud instance which can be easily changed if there's any sort of traction on it. Community service application basically, but to be relevant it needs a higher user base using it... we have that community here, think it'd be useful to consumers if leveraged in such a fashion.

Not exactly high tech but this doesn't really need to be more than that. Postgres backend, some Node.js front-end, some indexing so things like score or derogatories could be searched on besides just lender name... just think the current ones aren't getting traction and could be done so much better frankly.

Oh I agree .. The two that really exist now are horrible! It could be soooo much better, being sliced in many different ways to provide way better data. Ya indexing is DB 101... current DB I am working on now is 15 TB's .. I wouldn't imagine this DB would get very big, but ya a few PK and FK's would probably be fine and additional ones if needed, etc.

Ya to make it worth while, a link off this site or something would be needed so you could get alot greater sampe size to make it extremely valuable for infromation.

Very good idea though!

Re: I know all of us here PIF (heh) but,

Imperfectfuture — Sun, 25 Jan 2015 22:47:06 GMT

Or someone could volunteer host, and use Drupal for even faster development.

Re: I know all of us here PIF (heh) but,

Revelate — Sun, 25 Jan 2015 23:03:28 GMT

@Imperfectfuture wrote:
Or someone could volunteer host, and use Drupal for even faster development.

Thinking Drupal is serious overkill for this . Well off topic but realistically all this needs is a UI, backed by a database (can even be restful, this isn't going to be an speed sensitive app), and then some merchant processing for taking donations; doesn't really need the ecommerce or CMS bits. It's like 3 tabs in a SPA (database, about, donate pages or w/e), but I'm admittedly not a UI expert. Think if it can be roughed out we can always improve it going forward, could be some useful data visualizations rather than just text like others but if I get approval (I asked, don't know if it needs more than a simple approval from the admins here) we can create a seperate topic for features and the technical discussions offline.

If it's community project can just link it from the forums, abuse a sticky in the applications / app approval subforums, and if even a non-trivial fraction of the applications which get posted about there get put in, suspect we can get a pretty good dataset. If it's useful and done well other communities might chip in too, just isn't hard to do, and the more I think should be done but may run into issues with FICO's tolerances but they never complained about whogavemecredit but we never really promoted it either. Wouldn't mind a link off their non-forum pages but that's probably asking too much... if they thought it was that useful they could build this easily.

Maybe they will after mentioning it to them, wouldn't mind that at all as long as someone does it in a non-suck fashion.

Might be able to find a volunteer host if it becomes a financial issue (I used to do such things back in the day) but anything we build would be emminently portable on all open source anyway, not hard to take a database dump, move the application over, repoint the DNS, done. That's something I've done hundreds of times on things way more mission critical than this haha.

It may not be a problem though, allow a $1 recurring donation, keep those SD'd credit cards active! . If it doesn't work can always switch later.

Re: I know all of us here PIF (heh) but,

Imperfectfuture — Sun, 25 Jan 2015 23:07:58 GMT

@Revelate wrote:
@Imperfectfuture wrote:
Or someone could volunteer host, and use Drupal for even faster development.
Thinking Drupal is serious overkill for this . Well off topic but realistically all this needs is a UI, backed by a database (can even be restful, this isn't going to be an speed sensitive app), and then some merchant processing for taking donations; doesn't really need the ecommerce or CMS bits. It's like 3 tabs in a SPA (database, about, donate pages or w/e), but I'm admittedly not a UI expert. Think if it can be roughed out we can always improve it going forward, could be some useful data visualizations rather than just text like others but if I get approval (I asked, don't know if it needs more than a simple approval from the admins here) we can create a seperate topic for features and the technical discussions offline.

If it's community project can just link it from the forums, abuse a sticky in the applications / app approval subforums, and if even a non-trivial fraction of the applications which get posted about there get put in, suspect we can get a pretty good dataset. If it's useful and done well other communities might chip in too, just isn't hard to do, and the more I think should be done but may run into issues with FICO's tolerances but they never complained about whogavemecredit but we never really promoted it either. Wouldn't mind a link off their non-forum pages but that's probably asking too much... if they thought it was that useful they could build this easily.

Maybe they will after mentioning it to them, wouldn't mind that at all as long as someone does it in a non-suck fashion.

Might be able to find a volunteer host if it becomes a financial issue (I used to do such things back in the day) but anything we build would be emminently portable on all open source anyway, not hard to take a database dump, move the application over, repoint the DNS, done. That's something I've done hundreds of times on things way more mission critical than this haha.

It may not be a problem though, allow a $1 recurring donation, keep those SD'd credit cards active! . If it doesn't work can always switch later.

If you repoint, I can host. But get the forums approval, of course.

Re: I know all of us here PIF (heh) but,

bada_bing — Sun, 25 Jan 2015 23:12:59 GMT

If you qualify for membership, USAA gives unbelievable APRs. Or at least the

APR on my old card is. Currently at prime + 2.75% = 6%. I don't use that card

for anything other than autopay for my USAA car insurance, so it gets little love.

It also pays 1% cashback.

Pretty hard to beat 6% APR and 1% annual cashback.