@Anonymous wrote:
@Anonymous wrote:
Got'ta wonder if credit tightening and realignment for benefits is in the works? Walmart quietly is in the process of closing several stores this spring/summer and has kept it pretty quiet. Add this to the other Citi and BOA benefit changes. Also, it seems some posters reported a change in the deliverance of credit line increases. Hmm ...I think the benefit changes are pretty much based on Discover’s success despite eliminating all of them. One major company makes a change, the others watch how things go and then take their own action.
I haven’t really experienced the tightening up for CLIs, just the application UW getting stricter from the start. It wouldn’t surprise me for 90% of larger issuers to have some x/24 rule variant by January.
Curious to see where this all goes. I carry on full well knowing my limits could get slashed at any point so I’m actually trying to be a more normal consumer. Gardening until next year and I’m letting my statements cut with full balances and just paying them.
I do wonder what all Capital One will be doing with this account though. The changes I’ve seen so far don’t look that great. They axed the financing promos, axed the ability to pay your card in the store (which I imagine quite a few Walmart customers actually used), undoubtedly the CLI train is coming to a screeching halt...
If they decide to remove the rewards 90% of the cards I now have will be closed on that very day, they would be usless to what I have them for. Capital One is their own worst enemy. I dont need this card, was going to whack it prior to Cap-1 taking it over but decided to see what they are going to do with it. If I dont like what they offer to the circular file it goes.
@Anonymous wrote:@gdale6... back in the day most cards offered few benefits with mostly travel related if you had the 'Gold Card'. The interest was 19.99% + in most cases with some annual fees around $29 to $59 for very little (note I am going back to 1972 to the early 1990's).
"If they decide to remove the rewards 90% of the cards I now have will be closed on that very day, they would be usless to what I have them for. Capital One is their own worst enemy. I dont need this card, was going to whack it prior to Cap-1 taking it over but decided to see what they are going to do with it. If I dont like what they offer to the circular file it goes."
Would not envision a total elimination of benefits as the market place has so much competition some lenders will have offerings. Assume you would move slowly and maximize your returns based on your needs!
Oh yeah, I had some of those cards back then.
@Shooting-For-800 wrote:
@DaveInAZ wrote:I've had the Walmart store card since 2012 and have never used the 6-12 months 0%. What can you buy at Walmart for $1k??? They sell TVs and that's about it. And I was actually on the market for a TV last year, I wanted a 65" 4k TV and looked at Walmart, but the killer for me is sales tax. I normally don't mind paying taxes to support local schools & law enforcement, but in Arizona the state sales is 5.6% but the counties & cities can add their own sales tax and in the small city where my Walmart the sales tax is a crazy 9.5%. The TV I wanted was $1100 and sorry, I am not paying $100+ in sales tax for a TV, I bought it online with no sales tx & free shipping.
Just so you know, you are suppose to pay your local sales tax regardless of where you buy your products.
Good catch! Yes, as I recall there's a line on the AZ state income form to fess up and list the amount of purchases made on which you didn't pay state sales tax. But I use the TV for educational purposes which make it tax exempt - do you know how much you can learn by watching The Young and the Restless? 
@Anonymous wrote:Well, you're not too far off. Some people in Foreign Countries do watch Western TV shows to learn English.
So you'll just have to convince them you're an English Teacher.
Heck, these days i thought that pretty much all websites just added the proper sales tax based of your zip.
5 states dont have state sales taxes. AK OR MT NH and DE
I contacted customer service and one agent told me that the migration will happen sometime in July which makes sense given that on August 1st Capital One starts issuing the card so they need to move people over before that day.
