Chase Amazon - Thumbs down

[Anonymous]

Awesome, thanks for the verification! Think I'll try for the CLI needed to meet the CSR 10k first then if I don't get there I'll do a Ritz & merge. Was worried about a waiting period with moving lines and the thought of waiting another year missing out on 3x UR if the CLI didn't get me there.

Now all that's left is agonizing over when to HP CL...

[CramEiko]

---

@Anonymous wrote:
So with chase can you move credit lines instantly then? I thought there was a min age to the donor account but I think I'm confusing the worth Amex.

If so this is good news for my long term plans with chase

---

I called imediatly after getting news of my APR. I worked hard to get the score I have. Why should I settle with a 23% as if it was a credit rebuilding card. 

That being said... Yes I was able to call Chase right away and Chase moved the entire Credit Limit from the Amazon card and closed it with $0. It was done all in one swoop... maybe due to the HP on Amazon

[Anonymous]

I once had an Overstock card.  I would buy stuff I did not need.  The interest rate was high and they gave you money on your next purchase.  I developed a "pop up store" in my utility room.

I had 3 new Crock Pots, 3 new shower curtains, a vegetable peeler, a set of 14 Cuisinart knives.  I had to cancel that card.

EBay and Amazon most of the time do not have the best price on an item I am looking for.

I have become a fan of major, major bank cards only, as well as CU credit cards with low interest rates.  I don't want a co-branded card or one with a high APR, even though I PIF.

[Anonymous]

@CramEiko I completely understand & share how you feel about the APR. At the end of the day I'm an overworked parent who, while pissed about my junk rate APR after a long rebuild, in the end decided to be pissed to the point of action by other events in life. I might have gone your route except the CSP is core to long term goals & is my first card with them.

Don't let my ambivalence mistake you for not caring, it's an insult & I grind my teeth anytime I log into Chase and see the fat turd of an APR staring at me. I think it's actually higher than my last remaining "rebuild" card that started life as a $200 credit steps Cap1 platinum, though that one might still be 25%.

[Anonymous]

---

@CramEiko wrote:

Though I run my cards at 0% Utilization, 23% apr just doesn't work for me.

---

I can't say I understand this statement at all.  If you ride 0% utilization and PIF every statement, APR is irrelevant.  As I've posted many times in many threads, I have no idea what any of the APRs are on any of my cards.  It doesn't matter to me.  They can all be 99.99%.  Clearly the 5% CB on Amazon purchases suited your spend, or you wouldn't have applied for the card.  To then throw that away based on a factor that doesn't matter (by your own admission) doesn't make sense to me.  Now, if you said that you carried a balance on your cards for month after month certainly APR would matter, but that would then be a totally different discussion regarding financial health opportunity that would greatly outweigh any APR discussion.

[Anonymous]

---

@CramEiko wrote:

---

Why should I settle with a 23% as if it was a credit rebuilding card. 

---

Because by having the card, assuming you spend a good amount on Amazon, you'd be achieving more CB than if you didn't have it. 

[Dalmus]

---

@Anonymous wrote:

EBay and Amazon most of the time do not have the best price on an item I am looking for.

---

 Just like grocery shopping, you definitely need to compare prices at various locations.  For example, for me, household goods (paper towel, dish soap and the like) are WAY more expensive on Amazon than the local grocery store.

 Large electronics are all over the map... sometimes they are significantly cheaper, sometimes they are significantly more.

 That being said, the convenience factor IS a large factor.  Sometimes I don't WANT to run to the supermarket to lug home the 500 Roll Mega Pack of toilet paper when I can have Amazon deliver it next day (or sometimes same day in my area).

[kdm31091]

---

@Dalmus wrote:

 That being said, the convenience factor IS a large factor.  Sometimes I don't WANT to run to the supermarket to lug home the 500 Roll Mega Pack of toilet paper when I can have Amazon deliver it next day (or sometimes same day in my area).

---

Right. Generally speaking in life, the more convenient options tend to be more expensive. Amazon Prime is more about convenience than it is about strictly the best price. You can often find a lower price elsewhere on items, but the shipping is going to be slower (or you have to go out to the physical store and lug the items home). One has to decide how much that matters to them.

[Anonymous]

Chase amazon is a retail card, happens to be visa, backed by chase. The more you see it like a target mastercard, you guys wont be so mad. Target has a bad running apr, no deferred options, and no intro apr perk either. Just because it shares a login with your other Chase account does not mean it is up to par with them

[simplynoir]

---

@Anonymous wrote:

---

@CramEiko wrote:

Though I run my cards at 0% Utilization, 23% apr just doesn't work for me.

---

I can't say I understand this statement at all.  If you ride 0% utilization and PIF every statement, APR is irrelevant.  As I've posted many times in many threads, I have no idea what any of the APRs are on any of my cards.  It doesn't matter to me.  They can all be 99.99%.  Clearly the 5% CB on Amazon purchases suited your spend, or you wouldn't have applied for the card.  To then throw that away based on a factor that doesn't matter (by your own admission) doesn't make sense to me.  Now, if you said that you carried a balance on your cards for month after month certainly APR would matter, but that would then be a totally different discussion regarding financial health opportunity that would greatly outweigh any APR discussion.

---

+1

This has been the one baffling thing I don't understand about the OP. I can understand it if it's a pride thing with given a high APR and not wanting it and then throw out the excuse that it wouldn't matter if you PIF anyways. Just...blows my mind.