No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
ya wont use flex loan but have it on my dc as well i think it is 6.99 or 7.99 though.
I don't really see the appeal unless you can't get a personal loan and don't mind insane utilization on your card.
@Anonymous wrote:I don't really see the appeal unless you can't get a personal loan and don't mind insane utilization on your card.
depends on CL on card obviously as mine sits at 25k, but still wouldnt use it although i certainly can see some people using it to avoid a new account, etc..
@CreditCuriosity wrote:
@Anonymous wrote:I don't really see the appeal unless you can't get a personal loan and don't mind insane utilization on your card.
depends on CL on card obviously as mine sits at 25k, but still wouldnt use it although i certainly can see some people using it to avoid a new account, etc..
Yeah I mean I get it with that kind of limit but if you have that kind of limit, I bet you can get a personal loan for 60 months at a lower rate without putting it on a credit card where they can rip the rug out from under you by changing terms at any time. I mean imagine if you took a $5K flex loan and Citi decided that was too much risk and slashed your limit? It's an unlikely scenario with your profile I'm sure but it's not as safe as a contract with a fixed rate personal loan and a lot can happen in 60 months.
For a short term loan, there are BT to checking offers on numerous cards and for those that have CU cards, low APR cash advances are usually an option too.
@AverageJoesCredit wrote:
Wow CC, thats a great apr on yours. If i had your limit and apr id do it, put all my debt there and be done with it. Some of us cant get good personal loans no matter how high. our credit scores are because most places, banks , or CUs want you to have a high income to get one lol. My Amex loan is 8.99 so 10.99 isnt that much higher
I suppose it's true enough about the personal loans. The one I got from Best Egg was 18.99% for $2500 and of course I got the CFA black eye from it too. I suppose it could make sense in your situation but the risks of AA are still very real so it's not something I would do.
Was just putting it out there why non mf people or the likes might consider it. Yes I certainly could get a lower rate with say lightstream as I have a debt considation loan at 5.95% now due to some medical stuff, but they even offer lower than that for non debt consolidation. It is an interseting concept, but not for everyone by any means as i will never use it and have a big enough cl to make it "worth while" without killing my utilization.
@AverageJoesCredit wrote:
@Anonymous, i believe terms are set, they cant slash limit of the loan you accept. Let me check later what it says to see if i can copy and paste.
The terms may be fixed for the loan but that doesn't mean that they can't slash the limit on the card in AA. If someone was unable to get a personal loan and needed to take advantage of that offer, a CLD could leave them stuck with a maxed out card and AA domino effect.