topic Re: People spending over the CL on Blispay? in Credit Cards

People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 14:09:20 GMT

Are we able to spend over the CL on the Blispay card? I assumed that keeping the card near the upper end 80-90% util would be the best way to get a CLI with them, but after reading the thread on the Blispay CLI, I noticed someone talking about going over the CL and that is generally how you get a CLI with Bill Me Later.... If I try to go over my CL on any of my cards other than my AMEX, it gets denied, so I just don't do it with anyone other than AMEX. Being that Blispay is new and I am new to them, I came to the conculsion I Should never go over 90% util in fear that my card would get closed... Can someone comment on this because if I can go above the CLi and that is how we get CLI's with them, I will start spending way way more money with them and making much larger payments.... my dinky 5k limit is just too low... I spend like 8-12k on my 2% cards every month.

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 13:52:59 GMT

@Anonymous wrote:
Are we able to spend over the CL on the Blispay card? I assumed that keeping the card near the upper end 80-90% util would be the best way to get a CLI with them, but after reading the thread on the Blispay CLI, I noticed someone talking about going over the CLI and that is generally how you get a CLI with Bill Me Later.... If I try to go over my CL on any of my cards other than my AMEX, it gets denied, so I just don't do it with anyone other than AMEX. Being that Blispay is new and I am new to them, I came to the conculsion I chould never go over 90% util in fear that my card would get closed... Can someone commeent on this because if I can go above the CLi and that is how we get CLI's with them, I will start spending way way more money with them and making much larger payments....

Interesting question. I have the card, but I have no clue about the question you asked.

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 14:27:27 GMT

haha first one that has the brass balls big enough to test the limit and post back, i would be forever greatful... I may even send you cookies in the mail using my 1800 flowers rewards i am still trying to figure out what the crap to do with..

I thought about getting a Ficus.. but that is too much effort....

What does one even do with 120$ in 1800flowers rewards? if only they had restraunt sized oreo cheesecake from cheesecake factory on their website... but then I would get fat... fml

Re: People spending over the CL on Blispay?

woodyman100 — Sun, 11 Dec 2016 15:24:03 GMT

I don't know the answer to your question, but I'm going to have to say that I wouldn't try it myself.

They have told others that CLI's are not on the table just quite yet.

Also, some have had their card acct closed for suspected fraudulent activity.

My daughter had hers closed for that. Her sin--- i think she had her address changed twice. (Granted she didn't communicate back to them when they asked her too).

They are a startup and probably working on thin margins so they can be a bit sensitive I think.

That being said, if a guinea pig gives it a shot and it works, I'm going to knock them down to get to the front of the line like a crazy old woman on Black Friday at Walmart.

Re: People spending over the CL on Blispay?

AverageJoesCredit — Sun, 11 Dec 2016 16:02:58 GMT

Agree with Woodyman . I dont have this card, but even though they may have been an offshoot of Paypal credit, they are their own monsters and sometimrs monsters bite back for silly reasons. Just be careful keeping card near limit as one never knows when they might have a bad day and decide they dont like the risk. Bot saying going to happen but weve seen cc companies act of the norm if only to do so

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 16:31:22 GMT

Are we talking statement cut near limit or just woosh it up and down? Someone should go buy themselves a snowmobile

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 17:07:28 GMT

personally, my card stays near 90% of my credit line all the time. some purchases are small, most are between 400-800$. I generally make a payment of 1/5 my total credit line every month to avoid interest ever being charged and then will spend it back up to the 90% range following the payment. as you pay the card off, you pay off the oldest promotional items... so my 5 month system should allow me avoid interest forever in theory. But if I knew it was best to spend over the CL, I would leave it 1-2k over the credit line and continue the 1/5 payment system i have.

Re: People spending over the CL on Blispay?

SouthJamaica — Sun, 11 Dec 2016 17:26:58 GMT

@Anonymous wrote:
Are we able to spend over the CL on the Blispay card? I assumed that keeping the card near the upper end 80-90% util would be the best way to get a CLI with them, but after reading the thread on the Blispay CLI, I noticed someone talking about going over the CL and that is generally how you get a CLI with Bill Me Later.... If I try to go over my CL on any of my cards other than my AMEX, it gets denied, so I just don't do it with anyone other than AMEX. Being that Blispay is new and I am new to them, I came to the conculsion I Should never go over 90% util in fear that my card would get closed... Can someone comment on this because if I can go above the CLi and that is how we get CLI's with them, I will start spending way way more money with them and making much larger payments.... my dinky 5k limit is just too low... I spend like 8-12k on my 2% cards every month.

I would never go over the limit on any card.

Nor would I ever go into the 80-90% 'maxed out' region.

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 18:34:46 GMT

hmmm do you own a small business? I used to think that till I owned a small business because sometimes I don't really get a choice, I have to spend money to make money... I don't think your util matters to your bank for existing cards unless they either 1) this bank cares that you go over your CL, which AMEX does not care and I have on numerous occasions been encouraged to go over it by them. 2) you dont pay your balances in full.

but when applying for new credit they probably do care.

Case and point, I was 2k over a 5k credit line and called in to ask them to make a payment. the agent asked why would I do that, I already paid last month's balance in full, told him I needed to make a 1.2k purchase, he ran the tool and said dont worry about it your good... I still made the payment... but amex seems to be ok with me being at 160% of my CL... Would not suggest someone else try it tho as I have a very good and long history with them

Re: People spending over the CL on Blispay?

SouthJamaica — Sun, 11 Dec 2016 18:45:58 GMT

@Anonymous wrote:
hmmm do you own a small business? I used to think that till I owned a small business because sometimes I don't really get a choice, I have to spend money to make money... I don't think your util matters to your bank for existing cards unless they either 1) this bank cares that you go over your CL, which AMEX does not care and I have on numerous occasions been encouraged to go over it by them. 2) you dont pay your balances in full.

but when applying for new credit they probably do care.

Case and point, I was 2k over a 5k credit line and called in to ask them to make a payment. the agent asked why would I do that, I already paid last month's balance in full, told him I needed to make a 1.2k purchase, he ran the tool and said dont worry about it your good... I still made the payment... but amex seems to be ok with me being at 160% of my CL... Would not suggest someone else try it tho as I have a very good and long history with them

I don't trust banks.

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 19:14:38 GMT

for someone that doesn't trust banks, you sure gave a lot of em your SSN and access to your credit reports judging by your sig... I don't mind banks, they don’t report to the IRS too much info, they will just roll over when the IRS comes to them... but I run a legit operation and keep meticulous records and am well organized. So go ahead, audit me... what is that? this isn't a deduction? well here is my receipts for food/bev I never count and the receipts for car maint I don't report... or any of the other stuff I don't report on purpose just so I have a safety card incase i mess my taxes up. ill dig them out for the last 5 years. should cover it. I'll just file the paperwork to adjust the last 5 years of my taxes... Guess you will have to go through those also since they now become pertinent to this years Audit. Here is the 10 tubs of filed paperwork fo that, just give me a call when your done.

I literally don't make enough money from my business for a serious audit to be with the man hours in incorrectly filed taxes... it would prolly get an auditor fired if they did that much work to check my taxes. after all I only need to give them the receipts, they gotta figure the rest out and check the work I gave them from a very summarized report using excel. they want to know what was bought or sold for each receipt, they gotta find it/dig it out then try to determine if it is a legit expense or not. I have thousands of receipts every year possibly 10s of thousands.

Re: People spending over the CL on Blispay?

SouthJamaica — Sun, 11 Dec 2016 22:23:33 GMT

@Anonymous wrote:
for someone that doesn't trust banks, you sure gave a lot of em your SSN and access to your credit reports judging by your sig... I don't mind banks, they don’t report to the IRS too much info, they will just roll over when the IRS comes to them... but I run a legit operation and keep meticulous records and am well organized. So go ahead, audit me... what is that? this isn't a deduction? well here is my receipts for food/bev I never count and the receipts for car maint I don't report... or any of the other stuff I don't report on purpose just so I have a safety card incase i mess my taxes up. ill dig them out for the last 5 years. should cover it. I'll just file the paperwork to adjust the last 5 years of my taxes... Guess you will have to go through those also since they now become pertinent to this years Audit. Here is the 10 tubs of filed paperwork fo that, just give me a call when your done.

I literally don't make enough money from my business for a serious audit to be with the man hours in incorrectly filed taxes... it would prolly get an auditor fired if they did that much work to check my taxes. after all I only need to give them the receipts, they gotta figure the rest out and check the work I gave them from a very summarized report using excel. they want to know what was bought or sold for each receipt, they gotta find it/dig it out then try to determine if it is a legit expense or not. I have thousands of receipts every year possibly 10s of thousands.

I trust them to keep my data secure.

I don't trust them to cut me any slack if i ever get behind with them or make a mistake or have a problem.

Which is why i diversify.

And why I never go anywhere near a credit limit or a time limit.

Re: People spending over the CL on Blispay?

UncleB — Sun, 11 Dec 2016 23:07:20 GMT

Back to the original topic, I have a feeling that if anybody were to try to go over their limit with Blispay it would simply decline. They are really small, and the card isn't marketed as a 'Signature', anyway (which can still have a hard-limit depending on the issuer).

Also, to stress how small Blispay is check this out from the Google Play store:

Until just a few days ago they hadn't even passed 1000 downloads, so the number of downloads for Android is much closer to 1000 than 5000.

Even if you take into account that this only represents Android users it's still a very small number of downloads for a national credit product that requires (or strongly encourages) you to use their app to access the account.

I still welcome the data point if someone wants to give it a try, though. I just wouldn't personally recommend it, nor will I be trying it.

Re: People spending over the CL on Blispay?

Anonymous — Sun, 11 Dec 2016 23:59:56 GMT

They have an app? Mind blown... Why don't they tell you they have an app...

anyway, as of 11/12/16 I am pretty sure they had about 19,000 members based on the card number my girlfriend got unless they skip numbers or something... but that seems like too much trouble to do for a CC company

Re: People spending over the CL on Blispay?

happypill — Mon, 12 Dec 2016 00:18:04 GMT

@Anonymous wrote:
hmmm do you own a small business? I used to think that till I owned a small business because sometimes I don't really get a choice, I have to spend money to make money... I don't think your util matters to your bank for existing cards unless they either 1) this bank cares that you go over your CL, which AMEX does not care and I have on numerous occasions been encouraged to go over it by them. 2) you dont pay your balances in full.

but when applying for new credit they probably do care.

Case and point, I was 2k over a 5k credit line and called in to ask them to make a payment. the agent asked why would I do that, I already paid last month's balance in full, told him I needed to make a 1.2k purchase, he ran the tool and said dont worry about it your good... I still made the payment... but amex seems to be ok with me being at 160% of my CL... Would not suggest someone else try it tho as I have a very good and long history with them

Regarding the statement quoted in bold, it's very common for lenders to take AA and balance chase people because of high util so your speculation is incorrect. Other than actually missing a payment, high util is the biggest indicator that someone is in a precarious financial situation (not saying OP is, just that it is a leading indicator). No surprise that utilization is the 2nd biggest factor in FICO scoring, just after payment history. In fact, after payment history and util, all other factors are minor and unless something is a real outlier, won't swing your score much at all.

Re: People spending over the CL on Blispay?

Anonymous — Mon, 12 Dec 2016 00:59:18 GMT

Hmm I can beleive this, but by missing a payment, dont you mean having a collection? No bank will report it to the bureaus for missing a single payment, most won't do it if you miss 2 consecutive payments. I am in a pertty odd situation financially if i do say so myself, where i actually spend less because my lines are lower and I find my self having to pay my cards off what seems like all the friggin time, if they were higher i would actually spend more than I do now as i would have more time on my hands to do work.. But most the stuff I buy is with other people's money technically. I would assume most people when they buy stuff with a CC, they are buying stuff to keep and thats about it... so spending tons of money isn't a good idea.. as where I buy equipment for others and also sell stuff that can eat a ton of money quickly.

Re: People spending over the CL on Blispay?

Creditplz — Mon, 12 Dec 2016 01:17:54 GMT

Blispay will not let you spend over your CL... I've tried and it was declined, made a payment but it took 3-5 days to clear and CL to be cleared up

Re: People spending over the CL on Blispay?

happypill — Mon, 12 Dec 2016 01:45:09 GMT

@Anonymous wrote:
Hmm I can beleive this, but by missing a payment, dont you mean having a collection? No bank will report it to the bureaus for missing a single payment, most won't do it if you miss 2 consecutive payments. I am in a pertty odd situation financially if i do say so myself, where i actually spend less because my lines are lower and I find my self having to pay my cards off what seems like all the friggin time, if they were higher i would actually spend more than I do now as i would have more time on my hands to do work.. But most the stuff I buy is with other people's money technically. I would assume most people when they buy stuff with a CC, they are buying stuff to keep and thats about it... so spending tons of money isn't a good idea.. as where I buy equipment for others and also sell stuff that can eat a ton of money quickly.

Well, standard is for lenders to report to credit agencies at 30/60/90/120 days late. Any of those will impact your credit long before something goes into collections. I think you may be talking about the fact that lenders don't report immediately when you miss a payment, but rather will do so at 30 days late (although your internal score with them could take a hit even if nothing is reported). In terms of credit scoring, Payment History is the biggest factor, including lates & collections with varying impact.

It's no secret that cash flow is a key element of many businesses, and especially small businesses. There are a lot of different ways to finance a business, but if you're going to use cards, then a charge card with NPSL might make the most sense. Amex has long held their place in the business world with their carge cards where theoretically they will grow your spending power with your business. Personally, I didn't find this to be the case, but some sort of NPSL seems to be what you're looking for.

Re: People spending over the CL on Blispay?

Anonymous — Mon, 12 Dec 2016 01:55:33 GMT

a tip for making payments with Blispay is to pull it from a chase account and it will pull next day if not same day and post the following day.

NPLS = No Prdetermined Spending Limit???

You do realize that in 2017 you will have about 21 days to pay your charge cards off without fees right? The pay buy date will be enforced or a late fee will charged. I am not about to make my life more difficult by paying stuff earlier than before...

Re: People spending over the CL on Blispay?

Anonymous — Mon, 12 Dec 2016 16:23:59 GMT

"I trust them to keep my data secure."

Btw I wouldn't trust them to keep your data secure unless it is a big bank. loca CU's and Small Town Banks can be really bad at this. I was reading a how to on how to search for people's account numbers and personal information via Google. There is some kind of a common formatting that everything a bank records is stored, and a significant amount of banks did not properly protect themselves from googles creepy crawlers that find anything and everything that is internet. So basically all you have to do is use the prefixing that is used in a google search and you will get page after page of people's account info... Bank Account numbers, Names, Addresses, Personal info... just about everyhting is on there if you know how to format the prefixes properly to get the criteria you want. If I find the article I will post it up, but it is some pretty creepy stuff.