topic Re: That Other Shoe... in Credit Cards

That Other Shoe...

tinglywoowoo — Tue, 23 Aug 2022 07:50:17 GMT

Within the last year, I decided it was in my best interest to get rid of my WalMart and Amazon cards. No matter what I did, those balances just kept ballooning. I thought Synchrony and Cap One would rip my tuches apart because I'd had both cards for quite awhile-- both with nice CLs. There was a blowback of a couple of points and... nada. I got rid of my Citi Double Cash Back, too. I had a $1000 limit and an exorbitant interest rate, and nary a chamge in sight. Citi was very nice (surprisingly so) and asked if I'd care to have them see if there was something they could do. I said, "No" because it is my considered opinion that reversal of course is usually fatal at such a late date. And, as mentioned before, Target finally put a crowbar to their wallet and upped my CL on a new MC. Last week, I got a note that I'd been expecting re: end of David's Bridal card. It was a good bit of plastic that helped me with the purchase of my daughter's wedding gown and I thank them for that.

Tonight I decided I wanted a couple of rings and the notice popped up that said I can save $20 if approved for a PayPal card. Really? I closed my PayPal account about four years ago, give or take. In retrospect, I was probably being a bit too cavalier about giving them another shot--- but they approved my app! $3400 CL isn't a king's ransom by a danged sight but it's better than what they gave me last go 'round. I didn't think any company brought one back into the fold after being ditched by the consumer-- or, at least, wouldn't do so until a very long time elapsed since the parting of ways.. I had five inquiries before this but two will be dropping off within the month.

No matter the approval or CL involved, I always feel stupified over getting the green light. I guess it's true what Rick Bragg said in All Over But the Shoutin': being Southern means always waiting for the other shoe to drop. Well, ain't it the truth?

"We were just a band that made it very, very big-- that's all." --John Lennon

Re: That Other Shoe...

Anonymous — Tue, 23 Aug 2022 11:13:22 GMT

@tinglywoowoo wrote:
I didn't think any company brought one back into the fold after being ditched by the consumer-- or, at least, wouldn't do so until a very long time elapsed since the parting of ways..

Just on this: companies don't care unless a) there is something like a chargeoff or included in BK, or b) esp with Amex, "abuse", e.g. getting cards for a sign up bonus and quickly closing once achieved.

With the above exceptions, companies don't hold grudges in the way we do, if they think they can make money....!

Re: That Other Shoe...

pizzadude — Tue, 23 Aug 2022 14:42:56 GMT

@Anonymous wrote:
@tinglywoowoo wrote:
I didn't think any company brought one back into the fold after being ditched by the consumer-- or, at least, wouldn't do so until a very long time elapsed since the parting of ways..

Just on this: companies don't care unless a) there is something like a chargeoff or included in BK, or b) esp with Amex, "abuse", e.g. getting cards for a sign up bonus and quickly closing once achieved.

With the above exceptions, companies don't hold grudges in the way we do, if they think they can make money....!

Agree with this, for example - Cap1 is known to welcome customers back within months of being burned in BK.

Re: That Other Shoe...

Lou-natic — Wed, 24 Aug 2022 02:02:12 GMT

Are you saying you think bad things are supposed to happen when you close a credit card account in good standing? Because banks would much rather you close an account in good standing than have to deal with people not paying their bills. Of course they'll let you open another account in the future if you closed one in the past especially if it was in good standing and paid as agreed at the time of closure. They aren't jealous ex-lovers, they're banks. There is no "other shoe" with them, just money.

Re: That Other Shoe...

Remedios — Wed, 24 Aug 2022 02:50:01 GMT

I'm confused

Re: That Other Shoe...

OmarGB9 — Wed, 24 Aug 2022 02:55:42 GMT

Umm...creditors don't care if you close an account in good standing with them, unless it's a pattern and usually that pattern only appears when sub chasing/churning cards. If it's a card you opened and kept a few years and just decided to close (which appears to be the case here), there's no problem. They'll welcome you back with open arms provided your credit profile meets their UW criteria.

Re: That Other Shoe...

Kforce — Wed, 24 Aug 2022 03:12:03 GMT

@Remedios wrote:
I'm confused

I'm glad

Thought I was alone in not understanding

Re: That Other Shoe...

Remedios — Wed, 24 Aug 2022 03:16:50 GMT

Is this an approval thread?

Re: That Other Shoe...

coldfusion — Wed, 24 Aug 2022 06:10:51 GMT

@Remedios wrote:
Is this an approval thread?

Magic 8-Ball says YES.

Re: That Other Shoe...

FireMedic1 — Wed, 24 Aug 2022 07:43:37 GMT

I'm normally not one to brag about my financial skills. But my credit card company calls me almost everyday to inform me my balance is outstanding!!!!!

Re: That Other Shoe...

Lou-natic — Wed, 24 Aug 2022 16:22:42 GMT

@FireMedic1 wrote:
I'm normally not one to brag about my financial skills. But my credit card company calls me almost everyday to inform me my balance is outstanding!!!!!

I was just beginning to wonder if the other shoe went on sale or not?

Re: That Other Shoe...

Anonymous — Wed, 24 Aug 2022 16:55:55 GMT

@Remedios wrote:
70% Water, 29% Opinions, 1% Evil

That's not what OUR records show, not at all!

Re: That Other Shoe...

Remedios — Wed, 24 Aug 2022 17:29:40 GMT

@Anonymous wrote:
@Remedios wrote:
70% Water, 29% Opinions, 1% Evil
That's not what OUR records show, not at all!

Really?

What are YOUR records showing?

Re: That Other Shoe...

Anonymous — Wed, 24 Aug 2022 17:43:26 GMT

@Remedios wrote:
@Anonymous wrote:
@Remedios wrote:
70% Water, 29% Opinions, 1% Evil
That's not what OUR records show, not at all!
Really?
What are YOUR records showing?

40% Carbon, 30% Copper, 30% reasoned opinions, and certified less than 0.01% evil.

That's the unclassified version anyway.

Re: That Other Shoe...

OmarGB9 — Wed, 24 Aug 2022 18:27:13 GMT

@Anonymous wrote:
@Remedios wrote:
@Anonymous wrote:
@Remedios wrote:
70% Water, 29% Opinions, 1% Evil
That's not what OUR records show, not at all!
Really?
What are YOUR records showing?
40% Carbon, 30% Copper, 30% reasoned opinions, and certified less than 0.01% evil.

That's the unclassified version anyway.

But that's more than 100%.

Re: That Other Shoe...

Anonymous — Wed, 24 Aug 2022 18:36:52 GMT

@OmarGB9 wrote:
@Anonymous wrote:
@Remedios wrote:
@Anonymous wrote:
@Remedios wrote:
70% Water, 29% Opinions, 1% Evil
That's not what OUR records show, not at all!
Really?
What are YOUR records showing?
40% Carbon, 30% Copper, 30% reasoned opinions, and certified less than 0.01% evil.

That's the unclassified version anyway.
But that's more than 100%.

Ignoring rounding, that is only true if you believe that @Remedios has any evil at all. And she doesn't, the copper keeps it away!

Re: That Other Shoe...

Remedios — Wed, 24 Aug 2022 18:41:40 GMT

@Anonymous wrote:
@Remedios wrote:
@Anonymous wrote:
@Remedios wrote:
70% Water, 29% Opinions, 1% Evil
That's not what OUR records show, not at all!
Really?
What are YOUR records showing?
40% Carbon, 30% Copper, 30% reasoned opinions, and certified less than 0.01% evil.

That's the unclassified version anyway.

If I was droppin' some lyrics, I'd would be

🎵Haters, it's time.

It's time, Haters
Straight out the awesome Remedungeon

The silicone drops deep as does my copper.

I never conduct, 'cause to conduct is the grandpa of chopper.
Beyond the walls of opinions, life is defined.
I think of respect when I'm in a MyFico state of mind.

Hope the pauper got some copper.

My grasshopper don't like no dirty water
Run up to the topper and get the proper.

In a MyFico state of mind.

What more could you ask for? The huge silicone?
You complain about periodic table.

Gotta love it though - somebody still speaks for the tone.

I'm singin'' to the carbon,
And I'm gonna move your hydrocarbon.

Sneaky, strong, fine, like a water
Boy, I tell you, I thought you were an imprimatur.

I can't take the Periodic table, can't take the gas. I might just take a pass.

I'm singin'' to Tungsten
And I'm gonna move your carbon.

Yeah, in a MyFico state of mind.

An oxidized evil is quite the weevil 🎵