Credit Card Carry

[Remedios]

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@AverageJoesCredit wrote:
Is it me or has this thread jumped ship?

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Is this your first post in it? 

[Anonymous]

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@Remedios wrote:

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@Anonymous wrote:

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@Remedios wrote:

Aight, imma respondin' here ...

I dont ask daily, and the only other person who stated they talked to CSR about it in that thread is @CreditCuriosity who certainly wasnt asking daily. I get the part where you're exaggerating to make a point, but you dont have a point here. 

I may ask once or twice a month. My punished for asking was roughly $11,200.00 in increases over the last six months. 

Your few dollars in off categories do not make you a good customer. Paying your bill and not defaulting makes you a good customer.  If you think that a complex alghorythim goes "Oh lookie, we made $3.00 off this guy, he's safe" you're wrong.  You can test that theory by spending in off categories for extended period of time, then get yourself a late. They will smythe you down same way they would everyone else. 

I do throw a lender some off category spend before asking for CLI. I dont do that to be a good customer, I do it to increase the spend and show the need for CLI. Once I get it, it's back to business as usual. My cards grow. 

You can have your own personal philosophy on what you think works but it's really not backed up by reality. If you only had one or two cards and used them for everything, you'd be a "good customer".

Throwing them a bread crumb or two is not tricking anyone. Lenders have been at this for a long time.

We only get away with things they let us get away with. 

And if me asking for CLI results in AA, guess what...there is heir and a spare. Even my spares have a spare. So, this "bad CLI seeking" customer has done rather well for herself without agonizing over who gets extra $5.00 each month. While I dont speak for CreditCuriosity, I'm certain he ain't struggling with allocating extra $5.00. 

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I'll try to play the adult in the room ("Pay attention Remedios, just put that phone down and stop calling the CSR for 5 seconds....")   While I did indeed disagree with CardNut's approach, it's all anecdotal, Remedios and CreditCuriosity have had no AA with frequent CLI requests, CardNut has not had any AA (and has good limits) with the "toss a bone in non-category spending" approach.   Others have had, or not had AA.   It's tempting to identify what causes or prevents AA (beyond the obvious of 60+ day lates) but we still don't know.

The moral would be to avoid suggesting any particular unproven approach, but that would make for a boring forum.   Personally I avoid AA by having as my nephew the chair of the Senate Banking Committee (Hi Mike) , but that approach isn't available to everyone.

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You adult, I'll toddler. Meet ya at late adolescence. 

I'm not buying "throw me a bone" as a way to prevent AA.

I do see frequent CLI requests as a possible factor in AA, especially if there are any other changes such as suddenly carrying balance, lots of new accounts etc ...you know the drill. 

Doing these rituals  to prevent AA is nothing but wishful thinking as in "If I know what to do, it wont happen".  It's funny in the context of previous threads where he maxes out cards to do something else with the money 

So, the question becomes, what's more likely to induce AA, maxing card and making minimum payments for duration of promo or asking for increase while utilization is rounded to 1%

While the obvious answer would be maxing cards, no AA happened there,  and it's the riskiest of all behaviors.  

CardNut seems to randomly exercise abundance of caution mixed with reckless approach,  hence me insinuating that it's pure personal philosophy and speculation,  with nothing else to back it up. 

You cant tell someone not to jump in front of a car, while jumping in front of semi truck simultaneously. 

I have no clue what triggers AA or what's really being factored in before the plug is pulled.

That's why I treat some cards gingerly and with lots of credit love.

Others..well, I have them. Sometimes I even remember to use them. 

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I have no problem with you agreeing or disagreeing with anything I've posted, or even criticizing it. I only ask one thing-please don't misquote what I've said and then criticize. 

Not sure why me maxing out a card and getting AA is in the conversation. But I see that I've been made to insinuate that daily CLI requests can lead to AA. I've never stated that or suggested that. Go back and read my posts. I've said that they notice it, and may go hmmmm. I also said maybe they don't offer a perk because of all the CLI requests (such as a 0% on purchases for a year). Because they may fear it could encourage excessive spending due to a problem. 

Throwing a bone (a 1% transaction here and there,  is that what it means?), also, never suggested AA from that. So the discussion is about something I never stated. Feel free to discuss it, but those statements didn't come from me.

As for maxing out cards, it's up to me to weigh the benefit vs. risk. I had 90K wrapped in 0s at once on 3 cards back in 2008. Not sure what my overall util was back then, but no AA. Looking back now, not a wise move at all. Terrible decision. The financial world was about to collapse, and they allowed me to do that. 

I don't chase SUBs, but maxing out a card provides similar returns, which is like a SUB in itself. It's not reckless. I got a CLI on a card having 99.9% utilization while making minimum payments every month. Wells didn't see that as reckless.

Here is another micro thing I do which will NOT result in AA if it's not done (want to make that clear). CCC love you if you pay on time every time. That's a requirement, and number1 in their book. I PIF as soon as the statement closes. It keeps me from forgetting, and they get their money immediately. Not a big deal to them. But I bet they'd rather get it immediately than get it on the due date. Here is why. If I owe you $1,500, would you rather me pay you right now or in 25 days? My credit is excellent. Is there risk to you? Yes. Something could happen to me in the next 25 days and you don't get paid.

Would you rather have your rewards redemption post to your account the next day,  or see a message that says please wait 3 to 4 week for your redemption to post to your account? Do you like the card a little bit better if it posts immediately? Does the bank like you a little bit better if they get their money immediately? Again, no facts to back it up, but it's what I do. Just stating my rationale. 

Temp authorizations that are hanging out there close to the closing date often clear faster so that they make it on the statement. They'd prefer to get the money back sooner. Amex is great for that. If your statement generates on the 10th of the month, and you make a purchase in the morning of the 10th, chances are it will make it on the statement. 

[stonedog23]

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@Anonymous wrote:

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@Remedios wrote:

The moral would be to avoid suggesting  any particular unproven approach, but that would make for a boring forum.   Personally I avoid AA by having as my nephew the chair of the Senate Banking Committee (Hi Mike) , but that approach isn't available to everyone.

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I fail to see how your nephew can help you avoid any AA beyond giving good advice. He doesn't have influence over individual lenders. I remember a few years back the chairman of the FCC had trouble understanding his own phone bill. Shoot, if a company doesn't like some of your nephew's habits, he won't be exempt from AA himself. 

[AverageJoesCredit]

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@Remedios wrote:

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@AverageJoesCredit wrote:
Is it me or has this thread jumped ship?

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Is this your first post in it? 

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Yes, and evidently  my last. 

[Anonymous]

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@stonedog23 wrote:

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@Anonymous wrote:

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@Remedios wrote:

The moral would be to avoid suggesting  any particular unproven approach, but that would make for a boring forum.   Personally I avoid AA by having as my nephew the chair of the Senate Banking Committee (Hi Mike) , but that approach isn't available to everyone.

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I fail to see how your nephew can help you avoid any AA beyond giving good advice. He doesn't have influence over individual lenders. I remember a few years back the chairman of the FCC had trouble understanding his own phone bill. Shoot, if a company doesn't like some of your nephew's habits, he won't be exempt from AA himself. 

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ETA: FOR THOSE WITH CERTAIN DEFICIENCIES: In response to the question of how any chairman of the committee could help A HYPOTHETICAL SCENARIO FOLLOWS!!!!  We understand that no senior politician would ever engage in such a misuse of power

?!  OK, so you are SVP of Compliance and Regulatory at a major issuer.  You get a call from your contact (on an unrecorded line!)  "Hi X, Mike was just wondering if we need to start an investigation into some of your policies.   We've had a troubling report, from his uncle actually.  The uncle has been shopping for the holidays, bought some gift cards, balances have been rising and he was a few days late on a payment.   Quite understandable as I'm sure you'll agree for this time of year!   Anyway, someone at your bank has raised his APR and cut his limit, and he is upset.   Again, quite understandable.    So Mike was wondering if we need to see the scale of this, whether due process is being done in all the cases, would take some months.   Or, if you just want to look at the details, the account is XXXXX.   Let us know how you want us to proceed, by tomorrow if possible.   Thanks!"

OK, in some worlds you might get the answer that sorry, loss prevention/fraud is a separate department, we can't make exceptions for anyone etc.    Or you can be in the real world.

[issac2x]

Carry all the cards in my sig except Chase since I only use it for Amazon.

[EdMan63]

Citi DC

Amex Delta Plat.

Chase FU

[Anonymous]

Amex Gold, CSP, Disco. I can see this being my wallet long term. My Chase and Amex being my main earners with Disco there for lower APR purchases if I find myself in a pickle.

I SDed my QS and Delta Gold after I obtained my CSP last month. Don’t need their high APR and small limits in my wallet.

[Anonymous]

I carry Amex gold, Hilton aspire , Amex everyday , and capital one venture only

[stonedog23]

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@Anonymous wrote:

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@stonedog23 wrote:

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@Anonymous wrote:

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@Remedios wrote:

The moral would be to avoid suggesting  any particular unproven approach, but that would make for a boring forum.   Personally I avoid AA by having as my nephew the chair of the Senate Banking Committee (Hi Mike) , but that approach isn't available to everyone.

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I fail to see how your nephew can help you avoid any AA beyond giving good advice. He doesn't have influence over individual lenders. I remember a few years back the chairman of the FCC had trouble understanding his own phone bill. Shoot, if a company doesn't like some of your nephew's habits, he won't be exempt from AA himself. 

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?!  OK, so you are SVP of Compliance and Regulatory at a major issuer.  You get a call from your contact (on an unrecorded line!)  "Hi X, Mike was just wondering if we need to start an investigation into some of your policies.   We've had a troubling report, from his uncle actually.  The uncle has been shopping for the holidays, bought some gift cards, balances have been rising and he was a few days late on a payment.   Quite understandable as I'm sure you'll agree for this time of year!   Anyway, someone at your bank has raised his APR and cut his limit, and he is upset.   Again, quite understandable.    So Mike was wondering if we need to see the scale of this, whether due process is being done in all the cases, would take some months.   Or, if you just want to look at the details, the account is XXXXX.   Let us know how you want us to proceed, by tomorrow if possible.   Thanks!"

OK, in some worlds you might get the answer that sorry, loss prevention/fraud is a separate department, we can't make exceptions for anyone etc.    Or you can be in the real world.

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That seems like a serious abuse of power, something the country is dealing with right now, honestly. So you're saying you can be late on your credit card resulting in possibly a legitimate cause of AA, but your nephew can make a bullying call to make it all disappear? I'm quite sure your nephew, who we all know now, can't be happy about this information getting out in such a public forum.