GECRB card switch

[youngandcreditwrthy]

I don't use my Chevron card because my Wmt Discover gives me .15 off per gallon, which is better than that tiny .10 off a gallon.

[distantarray]

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@youngandcreditwrthy wrote:

I don't use my Chevron card because my Wmt Discover gives me .15 off per gallon, which is better than that tiny .10 off a gallon.

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don't you have a better card for gas? you have a scrap ton

with over 100k in credit cards I would think you would have something in there

[kimmiller112]

I have a GE Ashley Furniture store card.  I bought a living room set and financed it because they were offering 0% financing.  I paid it off in 3 months and called them to see if I could close this account and have the CL transfered to another card that I would use more often.  They told me they couldn't do that but I was more than welcome to apply for whatever card I wanted.  I left the account open just in case I need to buy furniture in the future.

[bschmidt]

I started out with a GECRB card from Abt (Appliance and Electronics store in Chicago) about 18 months ago.  Used it to buy appliances and paid off the balance a while back.  I started with a $2k credit line and they bumped it up to $4k after a few months.  The account is still open.  Last night I applied for an Amazon store card, also GECRB, and was approved for $1500.  I'm not planning on using it right away, but I'm probably going to need to buy a new TV at some point in the not too distant future and wanted to have it on hand before then.  I figured they probably used my payment history from the other card as a factor, but I know they did a hard pull from TU as well.  My TU was 705 last time I checked.  I get what people say about just going for a regular CC, but the benefit of these store cards is the deferred interest.  I bought $1000 of appliances, paid it off over 6 months, and paid nothing in interest.  Can't do that with Chase unless you're on a promo.

[ernieadiaz]

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@kimmiller112 wrote:

I have a GE Ashley Furniture store card.  I bought a living room set and financed it because they were offering 0% financing.  I paid it off in 3 months and called them to see if I could close this account and have the CL transfered to another card that I would use more often.  They told me they couldn't do that but I was more than welcome to apply for whatever card I wanted.  I left the account open just in case I need to buy furniture in the future.

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Yeah, I ended up calling them and they told me the same thing. I'd have to close the account and apply for another one. 

[ernieadiaz]

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@bschmidt wrote:

I started out with a GECRB card from Abt (Appliance and Electronics store in Chicago) about 18 months ago.  Used it to buy appliances and paid off the balance a while back.  I started with a $2k credit line and they bumped it up to $4k after a few months.  The account is still open.  Last night I applied for an Amazon store card, also GECRB, and was approved for $1500.  I'm not planning on using it right away, but I'm probably going to need to buy a new TV at some point in the not too distant future and wanted to have it on hand before then.  I figured they probably used my payment history from the other card as a factor, but I know they did a hard pull from TU as well.  My TU was 705 last time I checked.  I get what people say about just going for a regular CC, but the benefit of these store cards is the deferred interest.  I bought $1000 of appliances, paid it off over 6 months, and paid nothing in interest.  Can't do that with Chase unless you're on a promo.

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Very true. The Brandsmart card I have with them has the benefit of deferred interest on large purchases. CC's don't have that past the first year or so. But yeah, I guess I'll have to leave mine open too and avoid the hard inquiry to open another account.