topic Re: why not to use bottom feeder credit cards in Credit Cards

why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 01:08:42 GMT

17+ days for a payment to post,

charge oct 2nd 17.95

charge nov 5th 1.00

Payment mailed october 10th

payment recieved october 23rd 17,95

total due 18.95....

no other charges on the card.......

and now i'm arguing with them about this telling them my bill should be 1 dollar......but thier saying 18.95

get a secured card if you must get a card. work on that for 6 months. these bottom feeder cards are garbage. The SL is very low. They never grow and most have a MAX SL of 500 dollars....Get a capital one secured , secured from your credit union, the 300 SL that these have would go better using towards a secured card with someone reputable and who will treat you better.

Thats all carry on!

Re: why not to use bottom feeder credit cards

Shooting-For-800 — Fri, 20 Nov 2015 01:54:48 GMT

I agree!

Cap One is a full range provider now.

One can grow from $300 to 3000 to 10000 in a year or two.

Hang in there.

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 02:02:38 GMT

@Shooting-For-800 wrote:
I agree!

Cap One is a full range provider now.

One can grow from $300 to 3000 to 10000 in a year or two.

Hang in there.

I'm just hanging on to these 2 cards (surge and total) because they are my oldest accounts. Its been real hard not to just close them because of stuff like this. I kinda need them until these other 14+ cards get some age on them. I just hate using them even to buy a candy bar to keep them reporting something. Its such a long drawn out process for the billing and I'm constantly having to check to make sure the check posts.

I absolutly love my cap one cards that i have! i paid on the 15th via the app and it was posted on the 16th!!!!

Re: why not to use bottom feeder credit cards

elim — Fri, 20 Nov 2015 02:05:34 GMT

mailed? do they allow electronic payment?

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 02:18:01 GMT

I couldn't agree more with the OP. Those scummy lenders (loan sharks?) like First Premier make my skin crawl. Avoid like anthrax.

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 02:27:48 GMT

@elim wrote:
mailed? do they allow electronic payment?

yes they have online payment but because of billing issues i would never put my bank account on it. I'd soon mail a check that way i can prove the day it was written, cashed and always have that hard copy.I have zero trust

I still keep a checkbook regitry, write out checks, mail them. Im old school LMAO.

I don't even have auto bill pay for anything and still have paper bills that come to the house for everthing i dont even have online banking. I know i could use it but i'm so worried about trasactions that may not have showed up yet and i may think i still have more than what i have. So i keep track of every penny. I visit the bnk every friday and talk to the tellers. I dont use a debt card. I have one but it sits in a drawer.....I do have direct deposit.

The CC's i just got is the most Ive ever had and this is the most credit Ive ever had avalible to me. but i had to rebuild somewhere and i didnt want to do secured (i wish i did now) because i love my money to much.

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 02:30:11 GMT

plus im afraid if i electronically pay what stops there grubby little hands from dipping in to it anytime. lol

Re: why not to use bottom feeder credit cards

UncleB — Fri, 20 Nov 2015 02:42:47 GMT

@elim wrote:
mailed? do they allow electronic payment?

Back when my QS1 was still HSBC/Orchard, I quickly learned to always use my bank's bill pay - and to avoid the Orchard bill pay or mailing a payment at all costs. When you 'push' the payment from your own bank, it prevents them (the card) from doing any 'shenanigans' with the posting.

Capital One taking over that account was one of the best things financially that ever happened to me!

Re: why not to use bottom feeder credit cards

someone379 — Fri, 20 Nov 2015 02:45:36 GMT

@UncleB wrote:
@elim wrote:
mailed? do they allow electronic payment?
+1

Back when my QS1 was still HSBC/Orchard, I quickly learned to always use my bank's bill pay - and to avoid the Orchard bill pay or mailing a payment at all costs. When you 'push' the payment from your own bank, it prevents them (the card) from doing any 'shenanigans' with the posting.

Capital One taking over that account was one of the best things financially that ever happened to me!

I had an Orchard card and never had any issues with payments...

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 02:52:32 GMT

If more than a couple of your other 14+ cards are bank cards (MC, Visa etc not store cards) then I think it's safe to let that piece of trash go even if it's your oldest . It will still report for 10 years after closing. In 10 years, having it disappear from your report will have minimal impact on your credit profile.

Just let it go, it now gives you zero benefit and all of the headache. Cancel it, burn it

Re: why not to use bottom feeder credit cards

jeffery581 — Fri, 20 Nov 2015 02:54:48 GMT

use your banks online bill pay and pay them that way. They wont know your account # and its given to them electronically, nothing to clear.

Re: why not to use bottom feeder credit cards

UncleB — Fri, 20 Nov 2015 02:54:49 GMT

@someone379 wrote:
@UncleB wrote:
@elim wrote:
mailed? do they allow electronic payment?
+1

Back when my QS1 was still HSBC/Orchard, I quickly learned to always use my bank's bill pay - and to avoid the Orchard bill pay or mailing a payment at all costs. When you 'push' the payment from your own bank, it prevents them (the card) from doing any 'shenanigans' with the posting.

Capital One taking over that account was one of the best things financially that ever happened to me!
I had an Orchard card and never had any issues with payments...

You were fortunate.

With me the issue was payment holds... sometimes 10 business days, simply from making large payments. I never had a problem of any kind to cause them to do that, it was simply 'policy'. Others on here have told of having similar situations with them (HSBC/Orchard) back then.

Since it's been Capital One, there's never been a problem, and back when it was still Orchard as long as I 'pushed' my payments, there was never a problem either.

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 03:11:37 GMT

@Anonymous wrote:
If more than a couple of your other 14+ cards are bank cards (MC, Visa etc not store cards) then I think it's safe to let that piece of trash go even if it's your oldest . It will still report for 10 years after closing. In 10 years, having it disappear from your report will have minimal impact on your credit profile.

Just let it go, it now gives you zero benefit and all of the headache. Cancel it, burn it

yea the majority are high limits 2k plus SL are visa, master, etc..but they were all gotten this month lol

well we are planning a bonfire....

Re: why not to use bottom feeder credit cards

Anonymous — Fri, 20 Nov 2015 03:19:08 GMT

@jeffery581 wrote:
use your banks online bill pay and pay them that way. They wont know your account # and its given to them electronically, nothing to clear.

with capital one i just added my bank info on the app and hit pay bill and it went on the transaction page right away. Thats kinda how i was thinking of doing it with all of them.....Log into the app, look over the bill. hit pay bill, or submit my off payments to decrease UTI, deduct it out of my registry...same concept? i just feel more comfortable with the banks like citi, capital one, usbank, etc. they actually take the time to develope something. some of the bottom feeder websites look like they could be hacked by a 10 year old and were developed by a class of 3rd graders......When i go on them, they look so cheesy, im looking out the window thinking the cops are going to bust in for me being on some shady website....lmbo

Re: why not to use bottom feeder credit cards

UncleB — Fri, 20 Nov 2015 03:26:46 GMT

@Anonymous wrote:
@jeffery581 wrote:
use your banks online bill pay and pay them that way. They wont know your account # and its given to them electronically, nothing to clear.
with capital one i just added my bank info on the app and hit pay bill and it went on the transaction page right away. Thats kinda how i was thinking of doing it with all of them.....Log into the app, look over the bill. hit pay bill, or submit my off payments to decrease UTI, deduct it out of my registry...same concept? i just feel more comfortable with the banks like citi, capital one, usbank, etc. they actually take the time to develope something. some of the bottom feeder websites look like they could be hacked by a 10 year old and were developed by a class of 3rd graders......When i go on them, they look so cheesy, im looking out the window thinking the cops are going to bust in for me being on some shady website....lmbo

I feel the same way.

That's why I'll trust Capital One, Amex, and Discover with my bank details, but for all the others, I key the account number into my bank's bill pay and let them (my bank) send the payment... that way, the card doesn't get any of my personal info, and if something gets 'hosed' somewhere, I've got my own bank backing me up that the payment was made (although this has never happened - it's always worked quite well).