I guess I would say I regret getting the Simplicity card because I can't product change it and I'm thinking about closing it, its been about 1 year and 3 months now and over that time period it was stuck with $2.7K. Although, its a no annual fee card, there's no reason to close it I guess. If I knew, I would have gotten the Diamond Preferred for the BT offer, and then maybe PC to Double cash or Dividend. And I kinda regret getting the Amex Hilton card, I got it to start my relationship with Amex but I was still new to the game starting out years ago, I didn't understand how everything works, and I missed a lot of opportunities to get cards that are now not available.
I'm already regretting the BB&T card I picked up last month. It doesn't have a lot of utility for me, I just got carried away. Maybe after the merger with SunTrust I'll get something out of the relationship.
THIS is the MyFico Stampede Effect Many if us get caught up in it at some point
Thanks for going easy on me, AJC. You must be riding that Disco Love Train.
Wells Fargo propel ..
Why do you regret getting this card?
I actually regret my second card, the Discover IT. It came with a $500 SL, which has only grown to $3000 in a year. It is true that Discover is forgiving of thin files (and no credit history at the time in my case) but I should have kept that 5/24 slot for something more premium with better rewards. Hindsight is 20/20 of course.
I regret getting my Amex ED card. Rewards structure is utterly useless for me, and I only received the regular (10k) SUB.
It does, however, serve as a backup MR bank in case I ever decide to close my Gold card. So it stays in the SD.
Pair the ED card with eBates (using the MR program) so you can boost your earnings from 1-1.2MRs to minimum 2-2.2MRs per dollar for online purchases and select in-store purchases.
I need more info about this. Is this a targeted thing or can anyone with MR earning cards take advantage?
In February, Doctor of Credit had an article on the eBates/Rakuten and American express partnership (previously discussed in this MFF thread). At the time, existing eBates users could NOT convert their account but you could create an account using a different email. When researching, check to see if they are allowing existing eBates users to convert from straight cashback to MRs points.
How does the eBates / MR program work?
per ebates website (ebates dot com slash american-express):
1% Cash Back is equal to 1 additional point for every $1 spent through Ebates. Once the store lets Ebates know you’ve made a purchase, Ebates will add the Membership Rewards points you earned (that are additional to the points earned normally on the Card) to your Ebates account. Afterwards, Ebates will send you an email confirmation which, depending on the store, can take a few hours to several days. Ebates will transfer the points in your Ebates account to your Membership Rewards program account in accordance with Ebates’ current payment schedule.
The points are transferred quarterly.
Just curious if anyone has any credit cards that looking back you just think, why did I do that!
I have one that I look back on and not sure what I was thinking. Barclay.... It was somewhat the early part of my rebuild - roughly four or five years ago. Not sure what had me looking at Barclay, but I went ahead and applied and was approved for $7K, one of my lowest limits. I have not used the card much at all and really don't think it brings much to the table. It is probably the least productive card I have, in multiple areas.
Anyone else have a card that you question of the existence of?
Capital One VISA Platinum:
I have mixed feelings about this card. After many years of bad credit, I applied for this card and the way I remember it is "I like the way this credit card's promotional materials look," then "I can ignore all these other credit card mailers that seem less desirable."
I voluntarily reduced its credit limit to $500 and I keep it because it is my oldest credit card.
Simmons Bank VISA Platinum:
I have mixed feelings about this card, too. I was extremely excited when I was approved, because the card had a low interest rate and being approved for it proved to me that I no longer had bad credit.
Today, though, I was approved for the NFCU VISA Platinum card (no rewards) with a variable interest rate 2.26% lower than the variable interest rate for the Simmons Bank card (no rewards), which would seem to make the Simmons Bank card superfluous/obsolete.
I plan to keep the Simmons Bank card, though, because it's my second oldest credit card, and I like the customer service.
Simple answer. No regrets. One starter card led to another which led to bigger and better cards and starter cards were laid to rest. Each one led to bigger and better cards and now its all in place I get paid to use their cards.
As far as starter cards I regret the USAA secured card. I had no idea that it did not graduate. If we are talking about cards currently in my wallet, I regret the Paypal MC. Otherwise, I'm a happy camper.