topic Re: You thoughts.... in Credit Cards

You thoughts....

Shogun — Mon, 03 Dec 2012 19:18:53 GMT

Thinking about getting a Barclay Apple card, but don't know if I should pull the trigger.

EQ Completely Clean

TU 1-30 day, 3 years old. It's a closed Discover, but it's 20 years old so leaving it be.

EX Same Discover, plus a 5 y/o CO from HSBC. I think it's still on there, don't really know, Quizzle took a big jump. Might have to order that report just to see what's on there.

Cap1 AU from DW $1K limit 5 months old

Walmart GE $600 3 months old

Lowes GE $650 2 months old.

I got the Walmart and Lowes before I got the COs cleaned off this past month and had a 60 point increase on TU.

2 mortgages, one will be 15 years old in March and paid off, never late. Other is 15 months old, never late.

1 current car loan, 1 year old, never late

5 paid off car loans, paid never late.

3 paid and closed CCs about 8 years old, paid as agreed. no negatives

Income is 120K+

What's your thoughts?

Re: You thoughts....

flowfaster — Mon, 03 Dec 2012 19:40:21 GMT

Well Barclays only pulls TU so you can forget about the other CRAs. Also ask yourself how much will you use your card after the initial 0% interest period? If the answer is not much at all I would opt for a 0% intro period rewards card. The Apple card has no rewards and low limits. Just know that this card will have no use if you never plan to buy another apple product except to help with utilization.

Re: You thoughts....

Anonymous — Mon, 03 Dec 2012 20:23:52 GMT

Re: You thoughts....

bostonte — Mon, 03 Dec 2012 22:27:49 GMT

They don't advertise it, but the promo financing is on-going. Not an every day thing, but many times a year they offer it to current cardholders.

Besides promo financing I've gotten a few offers that were worth like 2% on all purchases that month, $10 back after usage, etc.

The interest rate is high (22.9) if you aren't using a promo offer. They give CLI's reasonably easy, and in the future if/when you want another Barclay product they are usually going about reallocating credit lines if you've grown your Apple card to a higher limit than you need and you want more on the new card.

It's not a great product, but it does have some sure beyond the account opening promo.

Re: You thoughts....

armbenderc — Mon, 03 Dec 2012 22:45:29 GMT

@flowfaster wrote:
Well Barclays only pulls TU so you can forget about the other CRAs. Also ask yourself how much will you use your card after the initial 0% interest period? If the answer is not much at all I would opt for a 0% intro period rewards card. The Apple card has no rewards and low limits. Just know that this card will have no use if you never plan to buy another apple product except to help with utilization.

I agreed with flowfaster. The card has no rewards. Are you planning to buy apple product and get the promo?

I'm not sure what other cards you have, but I am sure you have one that offer a nice rewards or cashback.

With 120k income, I would run it through a card with a nice reward or cash back than PIF.

I was in your possition few months ago, I talk myself out of it and got Chase Freedom instead.

Re: You thoughts....

madmann26 — Mon, 03 Dec 2012 23:38:00 GMT

You don't need the card.....you make to much money.

*chuckle*

App for it...if denied, recon for it or waste the pull on a Chase Freedom.

Re: You thoughts....

Shogun — Tue, 04 Dec 2012 01:42:20 GMT

Not sure about Chase, I had 2 accounts with them, they closed the accounts but I still paid them direct, no CA. I don't know if I'll be on their blacklist or not.

Re: You thoughts....

distantarray — Tue, 04 Dec 2012 01:48:53 GMT

@Shogun wrote:
Not sure about Chase, I had 2 accounts with them, they closed the accounts but I still paid them direct, no CA. I don't know if I'll be on their blacklist or not.

If you paid them I doubt they have you blacklisted, if they do all you have to do is send a goodwill letter, they're pretty good about that. My friend's mom defaulted on $6000 she settled for $1,500 and I wrote a letter out for her saying sorry and explained her situation (grandmother died, and she left the country etc) and completely forgot to pay the bills on time, she set automatic payments on what she thought was all her accounts, but somehow forgot Chase. Anyways they let her back in =)

I think the only thing Chase really blacklists for is people who abuse their programs to steal from them in large amounts. (exploiting the rewards program etc)

Re: You thoughts....

aplast — Tue, 04 Dec 2012 02:42:24 GMT

@bostonte wrote:
They don't advertise it, but the promo financing is on-going. Not an every day thing, but many times a year they offer it to current cardholders.

Besides promo financing I've gotten a few offers that were worth like 2% on all purchases that month, $10 back after usage, etc.

The interest rate is high (22.9) if you aren't using a promo offer. They give CLI's reasonably easy, and in the future if/when you want another Barclay product they are usually going about reallocating credit lines if you've grown your Apple card to a higher limit than you need and you want more on the new card.

It's not a great product, but it does have some sure beyond the account opening promo.

+1 I got something in the mail last week about holiday promo 18 months 0%.

I also called them up when I was ready to buy a macbook, and they actually extended the 0% offer to me just for asking about it. the joke was on them when I paid it off early.

OP There are quite a few options out there for you.especially with your income. You could have a good chance with getting an amex.

Re: You thoughts....

distantarray — Tue, 04 Dec 2012 02:56:44 GMT

like everyone stated, excellent income, and MUCH better cards out there.... Virtually almost any Citi card these days comes with a 0% for 12 months offer right now I believe, and has sign up bonuses like 40k TY points with the preferred right now etc

Re: You thoughts....

jamie123 — Tue, 04 Dec 2012 05:18:19 GMT

It looks to me that you are ready for an AMEX Green. Scores in the 700s, high income and a lot of good history. I think you have a really good shot at approval. It is December you know. Last chance at that 2012 member date.

Re: You thoughts....

HiLine — Tue, 04 Dec 2012 05:31:32 GMT

The Gold is equivalent to the Green in terms of approval credit criteria, but superior in terms of benefits.

Re: You thoughts....

distantarray — Tue, 04 Dec 2012 06:37:39 GMT

@HiLine wrote:
The Gold is equivalent to the Green in terms of approval credit criteria, but superior in terms of benefits.

and annual fees

From what I've seen Platinum isn't that far off either on approval rates, you just have to approve them to charge you that

Re: You thoughts....

Shogun — Tue, 04 Dec 2012 20:27:42 GMT

Not sure if the fees for that would be justified. When I do travel, I have to use the company CC for everything. I really don't spend any of my own.