topic Re: FNBO question in Credit Cards

FNBO question

Anonymous — Fri, 26 Sep 2014 22:51:44 GMT

just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

Re: FNBO question

mongstradamus — Fri, 26 Sep 2014 22:55:31 GMT

@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

If you aren't planning on apping for anything anytime soon , i wouldn't be too worried about playing the util game. I think you are given an one month grace period before card starts reporting by the way. I would check the materials that came with the card to be sure.

Re: FNBO question

skigirl916 — Fri, 26 Sep 2014 22:57:07 GMT

Huh?

Sounds like what you really need to know is the date they report to the CRA, so that you can pay it down/off prior to that date, and spend on it thereafter - repeat.

Re: FNBO question

Anonymous — Fri, 26 Sep 2014 23:26:25 GMT

Not sure if this is helpful... I applied for a secured card from them in July. The statement closed 8/8 and they reported a week after that.

Re: FNBO question

Anonymous — Fri, 26 Sep 2014 23:42:49 GMT

@skigirl916 wrote:
Huh?

Sounds like what you really need to know is the date they report to the CRA, so that you can pay it down/off prior to that date, and spend on it thereafter - repeat.

yes i have already sent a msg asking that.

Re: FNBO question

Anonymous — Sat, 27 Sep 2014 01:46:36 GMT

fyi, I forgot to add. They charged an annual fee of $29 so thats what actually got reported after the statement closed.

Re: FNBO question

Anonymous — Sat, 27 Sep 2014 01:52:58 GMT

@Anonymous wrote:
fyi, I forgot to add. They charged an annual fee of $29 so thats what actually got reported after the statement closed.

hmm, my card says no annual fee, hopefully they dont try and charge me one.

Re: FNBO question

CreditPlay — Sat, 27 Sep 2014 02:05:59 GMT

I am eagerly waiting for my card to come

Re: FNBO question

Anonymous — Sat, 27 Sep 2014 02:07:01 GMT

you should be fine. the annual fee was disclosed at the time i applied. I just wanted to let you know that though I had not used the card, I was aware of he annual fee and thats what got reported at the closing date.

Hope this was somewhat helpful

Re: FNBO question

takeshi74 — Sat, 27 Sep 2014 04:52:25 GMT

@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

No idea. It will probably report at the end of your first statement.

+1 to not obsessing over utilization. Any impact to utilization would be just for that given cycle. Even if it does report high you can adjust next cycle.

@Anonymous wrote:
hmm, my card says no annual fee, hopefully they dont try and charge me one.

FNBO issues many differnet cards -- some with AF's, some without.

Re: FNBO question

Anonymous — Mon, 20 Oct 2014 14:17:30 GMT

@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.

whats your limit they gave you ?

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 18:51:50 GMT

@Anonymous wrote:
@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.
whats your limit they gave you ?

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:07:25 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.
whats your limit they gave you ?
2k

is it bad maxing out your card on a balance transfer or will think they increase my limit soft pull after only having the card for a week ?

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:07:40 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.
whats your limit they gave you ?
2k

is it bad maxing out your card on a balance transfer or will think they increase my limit soft pull after only having the card for a week ?

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:09:32 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.
whats your limit they gave you ?
2k
is it bad maxing out your card on a balance transfer or will think they increase my limit soft pull after only having the card for a week ?

It's bad. Excusable. But not advisable..

Now, $2,000 in purchases and not paying your minimum payment until 2 weeks late? That's just plain awful.

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:30:58 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
just recived my FNBO card today and activated it, anyone know how long it takes them to start reporting? meaning i dont want to charge anything to it and it report and mess up my utilization.
whats your limit they gave you ?
2k
is it bad maxing out your card on a balance transfer or will think they increase my limit soft pull after only having the card for a week ?
It's bad. Excusable. But not advisable..

Now, $2,000 in purchases and not paying your minimum payment until 2 weeks late? That's just plain awful.

no lol my limit on FNBO is $5,600. here's my scenario ...

Paypal extras balance $1,250 ($8,000 limit) 16% APR

Discover It balance $1,300 ($8,000 limit) 20% APR

if i continue to pay them in 4 months will accumate probably less than $175 in total interest

If i transfer it to FNBO i'll only pay 3% transfer fee probably $75 for both transfers and i'll have 1 year 0% APR on that.

I can also do a switch with Discover IT move their balance ($1,300) to FNBO (3% fee) and roll over Paypal Extras $1,250 on to the Discover IT (3% fee) odd i know

either way whether i do it seperate (Discover IT and FNBO or just throw both cards onto FNBO it will come up to $75 instead $175. As you know it's only 50% so i thought maybe i don't need to do a balance transfer and just pay as i have been. My 1 year 0% APR expires next month on Discover IT so that's only reason i was thinking maybe roll it over. I really don't care despite FNBO says i have too many accoutns with balance so i figured maybe just throw all them onto one card then.

i never done a balance transfer and certaintly not sure when to do it or if people just do it even if it saves them $50 bucks ? My balance are low so this is something i don't have to do. It would just make my profile look better i think by elimating two cards with balances into one. I originally got the FNBO for my car that needs work so i can have 0% APR fixing it so that's why i mentioned maxing it out because then it would be $4,500. ($2,000 car, $2,500 transfers.) limit on FNBO $5,600. Again i don't want to ruin my eligibility for a soft pull credit limit increase in 4 months or is it after 3rd statement cut i can call and ask if im eligible ?

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:30:04 GMT

Oh hell just do both to FNBO and pay them off by your 12 mos and you'll be fine. It's only half your limit it looks like.

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:37:17 GMT

@Anonymous wrote:
Oh hell just do both to FNBO and pay them off by your 12 mos and you'll be fine. It's only half your limit it looks like.

half bad too ? i thought you should never carry a balance above 35% of your limit or in some cases above 20% ? if i go over i usually pay it down before the statement cuts so it wont trigger my score as ''Utilization of revolving accounts(s) too high'' i like to know what is too high ? You'll see it writen here it says ''Utilization of revolving accounts(s) too high'' what does that mean ? means one of my cards is above 30% even though my overall ultilization is below 7% ?

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:37:48 GMT

@Anonymous wrote:
@Anonymous wrote:
Oh hell just do both to FNBO and pay them off by your 12 mos and you'll be fine. It's only half your limit it looks like.
half bad too ? i thought you should never carry a balance above 35% of your limit or in some cases above 20% ? if i go over i usually pay it down before the statement cuts so it wont trigger my score as ''Utilization of revolving accounts(s) too high'' i like to know what is accounts with HIGH balances. You'll see it writen here which is odd because my ult is 7% so maybe ''Utilization of revolving accounts(s) too high'' just means one of my cards is above 30% ? even though my overall ultilization is below 7% ?

It's a BT. They'll understand.

I personally have a standing policy to not go much over 60% of my limit for the month before statement cut, and no more than 50% of limit going to a BT.

It's worked for the wife and I pretty decently.

Re: FNBO question

Anonymous — Tue, 28 Oct 2014 19:42:08 GMT

@Anonymous wrote:
@Anonymous wrote:
@Anonymous wrote:
Oh hell just do both to FNBO and pay them off by your 12 mos and you'll be fine. It's only half your limit it looks like.
half bad too ? i thought you should never carry a balance above 35% of your limit or in some cases above 20% ? if i go over i usually pay it down before the statement cuts so it wont trigger my score as ''Utilization of revolving accounts(s) too high'' i like to know what is accounts with HIGH balances. You'll see it writen here which is odd because my ult is 7% so maybe ''Utilization of revolving accounts(s) too high'' just means one of my cards is above 30% ? even though my overall ultilization is below 7% ?

It's a BT. They'll understand.

I personally have a standing policy to not go much over 60% of my limit for the month before statement cut, and no more than 50% of limit going to a BT.

It's worked for the wife and I pretty decently.

are you talking about your FNBO ? were you able to still get a really good increase after 3 - 4 months even with a high balance at above 50% when you called ? and is it 3 or 4 months that people call to see if they are eligible ?