Given current events I'm wondering how those in the line of fire will alter their credit plans. I'll probably close cards with high AFs due to cut back in travel. However, something else I was considering is if there is a lockdown and my cashflow gets drastically slowed that I should probably pick up a card with a 0% APR offer. Which cards would you recommend for that? Discover It?
I broke even so far on my travel cards. Should be fine for another year. If all else fails, my sapphire is a 3% cash back dining card for now.
No big changes. Just gardening
No plans at this time but I just opened a card about 3 weeks ago, CFU. I'm going to run up the balance using the 0% promo, but my intention is not to do that due to COVID-19. I would have done it anyway. It will be interesting to see how Chase handles high spend with me w/minimum payments during these times. I don't expect anything negative though. They seem less jumpy this time, but they know me better (they called to verify transactions a few times when I did this the first time in 2017).
Chase has a 15 mo 0 which isn't bad. The nice thing about DISCOVER IT is they can be used for petty cash withdrawals interest and fee free (cash over feature).
Yeah I agree, the Discover , Citi and BofA CCs are great for having the option of depositing cash in to your bank account.
The US bank Business Flex Perks has some nice BT offers. Plus it allows you to carry a balance off the grid, if you so choose to. Their business cards are very easy to obtain. No hoop jumping. 1.99% transfer fee 0% for 15 months.
Their business cards normally have several BT offers to choose from at any given time.
I have no plans being changed. Still gardening for the Cash+.
So far all of my cards are intact and I don't expect to receive any AA but I am prepared to move the little balances I have to NFCU if I have to.
I would not do anything to make your current lenders worry about you or look at your accounts.
No CL seeking, no new cards, no balance transfers, no extra large spend, etc.
Use them but don't make them look.
Blend in like a:
I got a Saver One in January. Carrying about $1500 from surgery. The 0% for 15mo will get me through. Along with a no fee BT Platinum from DCU. In save mode, but got options. No apps until end of year, USBank Cash Plus. I'll be down to 2/12.
Like some other poster mentioned, don't want to burn any creditors, things will ckear up eventully, and I'm playing the long game. Like people havecsaid all over mf, credit is a marathon, not a sprint, this is just a unfortunate bump in the road.
Business as usual here. Not closing cards with or without annual fees. The situations we're all facing shall pass. Planes will fly again, hotels will reopen...it may be a little longer than most of us prefer but normalcy will return.
It is my hope that to restore the trust of the public that it's safe to take to the sky again that we see some awesome mileage/point redemptions or at least lower fares.