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All creditors use this data in some form or fasion. I don't think this should come as any surprise as data mining is a common practice.
@Physh1 wrote:All creditors use this data in some form or fasion. I don't think this should come as any surprise as data mining is a common practice.
Not only creditors - all those grocery club cards that save you money? They use them to data mine to know what you buy to temp you with coupons, etc. And the warehouse clubs, ditto.
@Anonymous wrote:
Just sounds like good bidness to me... playin' by the rules and nabbin' the fools (full disclosure: I applied - that 5% on restaurant purchases reeled me in ;-)
I'm tempted... but I'm just not sure about applying for Barclays when I have four new cards this year already! Although, it looks like its only 4% for restaurants...
I wish they hadn't gotten rid of the preapproval link!
NFCU MR: $25K | Venture: $21K | Amex ED: $18K | NFCU CR: $18K | Amex BCE: $15K | IT #1: $17.5K | PNC Core: $15K | PPMC: $12K | Wells Fargo: $11K | Savor: 12K | Cap1 QS: $8.5K | Barclays Rewards: $7.75K | IT #2: $7.3K | MLife: $9.5K | Sportsman's Guide: $8.7K | PenFed PR: $5.5K | Elan Plat: $2.3K | TRV: $3.6K | BotW: $3K
Current FICO 8 Scores: EQ: 831| TU: 818 | EX: 809