The Stuff Club

[Anonymous]

Hello Forum! Has anyone heard of thestuffclub.com? This company claims to give you a 20K LOC that will report to all 3 bureaus. There is a $99 annual fee. 20K?? That's some serious padding, is it not? I can't find any reviews on it via the credit boards.....Thought??

[Anonymous]

20k store card with an annual fee

pass.

[Anonymous]

With Amex you can easily get $20k limit without annual fee at all.

[Anonymous]

True. This would be automatic approval I'm assuming. Those that are shy on scores could use this for 1yr just to keep down utilization. 20K SL vs various increases elsewhere. Just my 2 cents.

[AverageJoesCredit]

Anything like that , we'll give you a 20k limit like this, sounds too good to be true probably is. I also wouldnt say getting 20k from Amex is easy. Lots of factors go in even if you have 3x policy. Plenty stuck at low limits even with good credit.

[Anonymous]

I agree completely. What I am implying is that, there are some who can't get an Amex card or discover at this point and could use a credit limit reporting such as this, even if it cost them $99/yr. Some legit cards have annual fees that are more and can't get a (PC) product change or the benefits out weigh the cost like in my case. Either way, you cancel whenever you want just don't carry a balance on it.

[jlitnns]

Just from reading another thread it looks like they may not be reporting to the 2 CB's as they state. I'm sure at some point they will at some point. This was something that was appealing to me as well but I agree, it may take some time but I'd rather have AMEX, Disco and others grow towards the $15-20k CL than a store card that I will never use and have to pay a $99 AF.

[Anonymous]

I would recommend to someone who needs an immediate decrease in utilization rather than having to grow an account.

[Anonymous]

The smart way to lower utilization is to pay down balances, not increase limits by adding an account you don't need.  More time and effort should be spent on chipping away at balances faster rather than turning to "quick fix" gimmicks IMO.  It's also worth noting that a "quick fix" in this example really isn't a fix at all, as total debt both before and after is still going to be the same.

[jlitnns]

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@Anonymouswrote:

The smart way to lower utilization is to pay down balances, not increase limits by adding an account you don't need.  More time and effort should be spent on chipping away at balances faster rather than turning to "quick fix" gimmicks IMO.  It's also worth noting that a "quick fix" in this example really isn't a fix at all, as total debt both before and after is still going to be the same.

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This^^^...and it's clearly not a quick fix. They advertise they don't report for 45 days and there seems to be some inconsistencies. The only fix is paying down balances.