@ToxikPH wrote:
@CreditCuriosity wrote:
@kdm31091 wrote:
With the charge cards becoming more and more like revolvers I wonder how long the distinction will even still exist. Don't Green, Gold, and Platinum all have pay over time by default now? I feel like the difference is getting blurry. The implication would be that in the future these could all count towards the "revolver" rule too.
@kdm31091 i believe they already do as always been pre-approved for them, not no longer get expanding membership is easy. message at 4 revolvers currently and same ole profile, so think that changed a few weeks back actually.
When I called for an update on my app and to get approved for the BCP he only said I needed to be under 5 credit card/revolvers so I don't believe this to be the case as I have now 5 revolvers + 3 charge cards.
I was curious about that, as you mentioned needing to close 2 to open 1 yet you still had 5. So really only only lost 1 being the 6th card, right?
If they were enforcing the new 4 card rule you would have had to close 3 to app the new 1 and get to the new 4 limit.
I think you came out of it pretty good! lol
This gives me hope that I can just swap my 5th for new one rather than having to close 2 to get it, while I want to change the 5th(ED) I don't really want to lose a 4th to get to 4 so I have been holding off.
@kdm31091 wrote:
With the charge cards becoming more and more like revolvers I wonder how long the distinction will even still exist. Don't Green, Gold, and Platinum all have pay over time by default now? I feel like the difference is getting blurry. The implication would be that in the future these could all count towards the "revolver" rule too.
While it does seem so I think the biggest take away here is that the Charge Cards have an AF attached, where several of the Revolvers do not.
So it's not like Revolvers can be replaced with Charge Card altogether.
