topic Outsmarted myself... in Credit Cards

Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 18:59:13 GMT

I got that zero percent card over the weekend...first thing I did was a BT from one of my "subprime" cards.

I'll confess that on some level, it had occured to me that paying the balance in full may encourage the lender to be more generous with the credit line.

When I spoke to the credit union yesterday, they informed me that they are mailing a paper check to the credit card company that I'm doing the BT away from.

In todays mail was a letter from that credit card company inviting me to call in for a CLI.

I called them.

They gave it to me.

LOL.

Wait til they see the size of the check that is already in the mail...

Re: Outsmarted myself...

Anonymous — Tue, 27 Mar 2012 19:00:53 GMT

Very nice, should definitely help with your utilization situation. Even a little bit helps.

Re: Outsmarted myself...

LS2982 — Tue, 27 Mar 2012 19:02:35 GMT

@tcbofade wrote:
I got that zero percent card over the weekend...first thing I did was a BT from one of my "subprime" cards.

I'll confess that on some level, it had occured to me that paying the balance in full may encourage the lender to be more generous with the credit line.

When I spoke to the credit union yesterday, they informed me that they are mailing a paper check to the credit card company that I'm doing the BT away from.

In todays mail was a letter from that credit card company inviting me to call in for a CLI.

I called them.

They gave it to me.

LOL.

Wait til they see the size of the check that is already in the mail...

That is awesome!!! What CLI did they give you?

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 19:03:46 GMT

Umm. It was a $550 card. Now's it's a $750 card.

My balance is $517.78, but there is a check in the mail for $500.

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 19:08:00 GMT

@Anonymous wrote:
Very nice, should definitely help with your utilization situation. Even a little bit helps.

Took my utilization from 61.55% all the way down to 61.14% lolololol.

Re: Outsmarted myself...

Anonymous — Tue, 27 Mar 2012 19:11:00 GMT

It's still $250 more than I've gotten in the last 3 years!

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 19:12:28 GMT

Really? No CLI's for you?

Re: Outsmarted myself...

LS2982 — Tue, 27 Mar 2012 19:13:14 GMT

@tcbofade wrote:
@Anonymous wrote:
Very nice, should definitely help with your utilization situation. Even a little bit helps.

Took my utilization from 61.55% all the way down to 61.14% lolololol.

Re: Outsmarted myself...

Anonymous — Tue, 27 Mar 2012 19:15:07 GMT

@tcbofade wrote:
Really? No CLI's for you?

Nope, my 15.9K one had regular CLI's but that stopped in 2009.

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 19:18:41 GMT

Well, that sucks.

Between the wife and I, we have WAY too many CC accounts...none of them especially large...but we generally recieve a CLI from ONE of them pretty often...

Re: Outsmarted myself...

LS2982 — Tue, 27 Mar 2012 19:19:57 GMT

@tcbofade wrote:
Well, that sucks.

Between the wife and I, we have WAY too many CC accounts...none of them especially large...but we generally recieve a CLI from ONE of them pretty often...

I think I got way too many right now

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 19:21:45 GMT

ahem..cough, cough...*clears throat*...

we're up to 35 of them now...

Re: Outsmarted myself...

Anonymous — Tue, 27 Mar 2012 19:27:34 GMT

Oh, I'll just keep my 4 cards and hope AMEX plays nice soon lol

Re: Outsmarted myself...

LS2982 — Tue, 27 Mar 2012 19:30:09 GMT

@tcbofade wrote:
ahem..cough, cough...*clears throat*...

we're up to 35 of them now...

I hope thats combined...........

i got 13 myself

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 20:11:35 GMT

Well, yes.

I have 19

She has 9

We have 7

Total of 35.

Five of which have a zero BALANCE.

Five of the others have zero INTEREST.

The rest just kinda um... suck.

I'm werkin' on it.

Re: Outsmarted myself...

Anonymous — Tue, 27 Mar 2012 20:28:18 GMT

Wow! 35 total? I'd be a wreck keeping track of that many. Kudos to you and your wife for staying on top of that so well!

Frugal, I think AMEX will play nice with you soon. They are good about taking care of customers that treat their cards well.

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 20:47:45 GMT

@Anonymous wrote:
Wow! 35 total? I'd be a wreck keeping track of that many...

Some days....

Re: Outsmarted myself...

LS2982 — Tue, 27 Mar 2012 23:02:50 GMT

I'd be up to the challange of 35........I love managing my accounts!

Re: Outsmarted myself...

tcbofade — Tue, 27 Mar 2012 23:07:26 GMT

@LS2982 wrote:
I'd be up to the challange of 35........I love managing my accounts!

Good answer...now get back to my other thread and tell me which ones to pay off.

Re: Outsmarted myself...

LS2982 — Tue, 27 Mar 2012 23:10:35 GMT

What thread is this? Youll have to excuse me the alcohol is taking over....