@Iusedtolurk wrote:
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@RSX wrote:i wasnt aware that Care Credit was a Charge card - i thought it was Revolving
but - either way - as long as it is reporting $0 balance every month, it is not hurting her score at all - more likely it is helping
some lenders wont report every month if there is no usage - but in my experience more often lenders report every month, regardless of usage
if you want to use it - it will likely affect her score slightly, since there will be some utilization reporting on it - but it wont help here scorewise - it may help keep the card open, since they might close it due to lack of use at some point
@RSX Thank you for your feedback. It may actually be a revolving account. On the report it says account type is revolving, but loan type is charge account. I was moreso thinking about it helping keep the card open and the consideration of it being factored into the algorithm. I'm weighing if its even worth trying to keep using it and keep it open or just move forward and know it will eventually be closed. She doesn't have a lot of medical bills at all to use it for and my goal is to have any other small medical charges go on a better card anyway. Weighing pros and cons. It was just opened in 2019 and is a $3,000 credit limit.
@credit8502020 Care Credit is a pretty decent card and it doesn't have an annual fee so it's not hurting her at all by keeping it open. In fact even though her scores are impressive the extra utilization buffering is always nice.
Additonally they are pretty good at granting CLIs. I bet if she clicked the luv button she would get an increase right now.
You can also use it at Walmart in certain depts. and Walgreens *(as well as other stores shown on website) for personal items we purchase everyday it doesn't have to be for medical bills only.
Great for pets and other family members who may need a teeth cleaning or what have you.
*One thing to note is that with most CCs you stand the chance of losing it for non-usage so that's something to keep in mind.
@Iusedtolurk Thank you for sharing these details. What's the "luv botton"? Do they do a Hard Inquiry for CLI increase requests?
And yes, I agree regarding non-usage. That was actually my main concern. I wasn't aware of all the everyday items she could use it for so I need to go to the website and look for these options at Walgreens and Walmart.
@credit8502020 When I was new to the forum and it came to CLIs I would always see posts referring to hitting the LUV button for the request. LOL So I would look all over for a red button something like this....(but never could find it)
Finally I realized that the LUV button "LUV Button" is the generic term that is used for credit cards that offer the option of requesting a CLI via their website.
On Care Credit account website it looks like this...
I have requested twice and it has always been a SP. I always have my Credit reports locked just to make sure since it does state they may or may not pull your credit.
When you press the LUV button (request more button) it asks you to update income and HOW MUCH you want. People generally request 1 to 2 times their current limit. First time I requested I asked for 1500 got 3000 second time I requested asked for 2000 got 5000.
Good luck and let us know what happens if you decide to hit the LUV button.
@Iusedtolurk Thank you for those details! I've heard it referred to before, but figured I'd ask so I had definite clarity! LOL!
Did you request these amounts recently? If you request more than they are willing to give you, do you know if they will just counter how much they will give you? I just don't want to leave any money on the table. I'm considering requesting the higher amount so they can either approve it or counter it.
On another note, do you mind sharing some of the things that you have used the credit card for? What I see are things like,
vitamins and supplements, allergy and sinus, cough, cold and flu, oral care (toothpaste possibly?) & Pain and fever relief.
When you go to Walmart and Walgreens you just use the credit card like any other credit card?
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@RSX wrote:i wasnt aware that Care Credit was a Charge card - i thought it was Revolving
but - either way - as long as it is reporting $0 balance every month, it is not hurting her score at all - more likely it is helping
some lenders wont report every month if there is no usage - but in my experience more often lenders report every month, regardless of usage
if you want to use it - it will likely affect her score slightly, since there will be some utilization reporting on it - but it wont help here scorewise - it may help keep the card open, since they might close it due to lack of use at some point
@RSX Thank you for your feedback. It may actually be a revolving account. On the report it says account type is revolving, but loan type is charge account. I was moreso thinking about it helping keep the card open and the consideration of it being factored into the algorithm. I'm weighing if its even worth trying to keep using it and keep it open or just move forward and know it will eventually be closed. She doesn't have a lot of medical bills at all to use it for and my goal is to have any other small medical charges go on a better card anyway. Weighing pros and cons. It was just opened in 2019 and is a $3,000 credit limit.
@credit8502020 Care Credit is a pretty decent card and it doesn't have an annual fee so it's not hurting her at all by keeping it open. In fact even though her scores are impressive the extra utilization buffering is always nice.
Additonally they are pretty good at granting CLIs. I bet if she clicked the luv button she would get an increase right now.
You can also use it at Walmart in certain depts. and Walgreens *(as well as other stores shown on website) for personal items we purchase everyday it doesn't have to be for medical bills only.
Great for pets and other family members who may need a teeth cleaning or what have you.
*One thing to note is that with most CCs you stand the chance of losing it for non-usage so that's something to keep in mind.
@Iusedtolurk Thank you for sharing these details. What's the "luv botton"? Do they do a Hard Inquiry for CLI increase requests?
And yes, I agree regarding non-usage. That was actually my main concern. I wasn't aware of all the everyday items she could use it for so I need to go to the website and look for these options at Walgreens and Walmart.
@credit8502020 When I was new to the forum and it came to CLIs I would always see posts referring to hitting the LUV button for the request. LOL So I would look all over for a red button something like this....(but never could find it)
Finally I realized that the LUV button "LUV Button" is the generic term that is used for credit cards that offer the option of requesting a CLI via their website.
On Care Credit account website it looks like this...
I have requested twice and it has always been a SP. I always have my Credit reports locked just to make sure since it does state they may or may not pull your credit.
When you press the LUV button (request more button) it asks you to update income and HOW MUCH you want. People generally request 1 to 2 times their current limit. First time I requested I asked for 1500 got 3000 second time I requested asked for 2000 got 5000.
Good luck and let us know what happens if you decide to hit the LUV button.
@Iusedtolurk Thank you for those details! I've heard it referred to before, but figured I'd ask so I had definite clarity! LOL!
@credit8502020We all pretty much start off like that learning the Forum lingo and it's plenty lingo to learn LOL.
I don't have the link right now but SEARCH the forum for Acronyms it will enhance your understanding of the lingo utilized.
Did you request these amounts recently? If you request more than they are willing to give you, do you know if they will just counter how much they will give you? I just don't want to leave any money on the table. I'm considering requesting the higher amount so they can either approve it or counter it.
Requested first one after 9 months second after 8 (last year and 1/2).
I've read some folks ask for BIG amounts and get countered. I chose to ask for smaller amounts because I'm still in rebuild and don't want to make any waves.
On another note, do you mind sharing some of the things that you have used the credit card for? What I see are things like,
vitamins and supplements, allergy and sinus, cough, cold and flu, oral care (toothpaste possibly?) & Pain and fever relief.Used it for numerous things. Almost everything can be tied into health. Never a problem.
When you go to Walmart and Walgreens you just use the credit card like any other credit card?
I mostly use in Walgreens. It is a credit card. I believe in Walmart the register separates items for carecredit and what's left you pay with another method. Walgreen is much more liberal probably because it's a Pharmacy and most of the stock they carry is classified for health.
@Iusedtolurk wrote:
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@RSX wrote:i wasnt aware that Care Credit was a Charge card - i thought it was Revolving
but - either way - as long as it is reporting $0 balance every month, it is not hurting her score at all - more likely it is helping
some lenders wont report every month if there is no usage - but in my experience more often lenders report every month, regardless of usage
if you want to use it - it will likely affect her score slightly, since there will be some utilization reporting on it - but it wont help here scorewise - it may help keep the card open, since they might close it due to lack of use at some point
@RSX Thank you for your feedback. It may actually be a revolving account. On the report it says account type is revolving, but loan type is charge account. I was moreso thinking about it helping keep the card open and the consideration of it being factored into the algorithm. I'm weighing if its even worth trying to keep using it and keep it open or just move forward and know it will eventually be closed. She doesn't have a lot of medical bills at all to use it for and my goal is to have any other small medical charges go on a better card anyway. Weighing pros and cons. It was just opened in 2019 and is a $3,000 credit limit.
@credit8502020 Care Credit is a pretty decent card and it doesn't have an annual fee so it's not hurting her at all by keeping it open. In fact even though her scores are impressive the extra utilization buffering is always nice.
Additonally they are pretty good at granting CLIs. I bet if she clicked the luv button she would get an increase right now.
You can also use it at Walmart in certain depts. and Walgreens *(as well as other stores shown on website) for personal items we purchase everyday it doesn't have to be for medical bills only.
Great for pets and other family members who may need a teeth cleaning or what have you.
*One thing to note is that with most CCs you stand the chance of losing it for non-usage so that's something to keep in mind.
@Iusedtolurk Thank you for sharing these details. What's the "luv botton"? Do they do a Hard Inquiry for CLI increase requests?
And yes, I agree regarding non-usage. That was actually my main concern. I wasn't aware of all the everyday items she could use it for so I need to go to the website and look for these options at Walgreens and Walmart.
@credit8502020 When I was new to the forum and it came to CLIs I would always see posts referring to hitting the LUV button for the request. LOL So I would look all over for a red button something like this....(but never could find it)
Finally I realized that the LUV button "LUV Button" is the generic term that is used for credit cards that offer the option of requesting a CLI via their website.
On Care Credit account website it looks like this...
I have requested twice and it has always been a SP. I always have my Credit reports locked just to make sure since it does state they may or may not pull your credit.
When you press the LUV button (request more button) it asks you to update income and HOW MUCH you want. People generally request 1 to 2 times their current limit. First time I requested I asked for 1500 got 3000 second time I requested asked for 2000 got 5000.
Good luck and let us know what happens if you decide to hit the LUV button.
@Iusedtolurk Thank you for those details! I've heard it referred to before, but figured I'd ask so I had definite clarity! LOL!
@credit8502020We all pretty much start off like that learning the Forum lingo and it's plenty lingo to learn LOL.
I don't have the link right now but SEARCH the forum for Acronyms it will enhance your understanding of the lingo utilized.
Did you request these amounts recently? If you request more than they are willing to give you, do you know if they will just counter how much they will give you? I just don't want to leave any money on the table. I'm considering requesting the higher amount so they can either approve it or counter it.
Requested first one after 9 months second after 8 (last year and 1/2).
I've read some folks ask for BIG amounts and get countered. I chose to ask for smaller amounts because I'm still in rebuild and don't want to make any waves.
On another note, do you mind sharing some of the things that you have used the credit card for? What I see are things like,
vitamins and supplements, allergy and sinus, cough, cold and flu, oral care (toothpaste possibly?) & Pain and fever relief.Used it for numerous things. Almost everything can be tied into health. Never a problem.
When you go to Walmart and Walgreens you just use the credit card like any other credit card?
I mostly use in Walgreens. It is a credit card. I believe in Walmart the register separates items for carecredit and what's left you pay with another method. Walgreen is much more liberal probably because it's a Pharmacy and most of the stock they carry is classified for health.
@Iusedtolurk Ok. Thank you! I really appreciate you sharing these details!
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@Iusedtolurk wrote:
@credit8502020 wrote:
@RSX wrote:i wasnt aware that Care Credit was a Charge card - i thought it was Revolving
but - either way - as long as it is reporting $0 balance every month, it is not hurting her score at all - more likely it is helping
some lenders wont report every month if there is no usage - but in my experience more often lenders report every month, regardless of usage
if you want to use it - it will likely affect her score slightly, since there will be some utilization reporting on it - but it wont help here scorewise - it may help keep the card open, since they might close it due to lack of use at some point
@RSX Thank you for your feedback. It may actually be a revolving account. On the report it says account type is revolving, but loan type is charge account. I was moreso thinking about it helping keep the card open and the consideration of it being factored into the algorithm. I'm weighing if its even worth trying to keep using it and keep it open or just move forward and know it will eventually be closed. She doesn't have a lot of medical bills at all to use it for and my goal is to have any other small medical charges go on a better card anyway. Weighing pros and cons. It was just opened in 2019 and is a $3,000 credit limit.
@credit8502020 Care Credit is a pretty decent card and it doesn't have an annual fee so it's not hurting her at all by keeping it open. In fact even though her scores are impressive the extra utilization buffering is always nice.
Additonally they are pretty good at granting CLIs. I bet if she clicked the luv button she would get an increase right now.
You can also use it at Walmart in certain depts. and Walgreens *(as well as other stores shown on website) for personal items we purchase everyday it doesn't have to be for medical bills only.
Great for pets and other family members who may need a teeth cleaning or what have you.
*One thing to note is that with most CCs you stand the chance of losing it for non-usage so that's something to keep in mind.
@Iusedtolurk Thank you for sharing these details. What's the "luv botton"? Do they do a Hard Inquiry for CLI increase requests?
And yes, I agree regarding non-usage. That was actually my main concern. I wasn't aware of all the everyday items she could use it for so I need to go to the website and look for these options at Walgreens and Walmart.
@credit8502020 When I was new to the forum and it came to CLIs I would always see posts referring to hitting the LUV button for the request. LOL So I would look all over for a red button something like this....(but never could find it)
Finally I realized that the LUV button "LUV Button" is the generic term that is used for credit cards that offer the option of requesting a CLI via their website.
On Care Credit account website it looks like this...
I have requested twice and it has always been a SP. I always have my Credit reports locked just to make sure since it does state they may or may not pull your credit.
When you press the LUV button (request more button) it asks you to update income and HOW MUCH you want. People generally request 1 to 2 times their current limit. First time I requested I asked for 1500 got 3000 second time I requested asked for 2000 got 5000.
Good luck and let us know what happens if you decide to hit the LUV button.
@Iusedtolurk Thank you for those details! I've heard it referred to before, but figured I'd ask so I had definite clarity! LOL!
@credit8502020We all pretty much start off like that learning the Forum lingo and it's plenty lingo to learn LOL.
I don't have the link right now but SEARCH the forum for Acronyms it will enhance your understanding of the lingo utilized.
Did you request these amounts recently? If you request more than they are willing to give you, do you know if they will just counter how much they will give you? I just don't want to leave any money on the table. I'm considering requesting the higher amount so they can either approve it or counter it.
Requested first one after 9 months second after 8 (last year and 1/2).
I've read some folks ask for BIG amounts and get countered. I chose to ask for smaller amounts because I'm still in rebuild and don't want to make any waves.
On another note, do you mind sharing some of the things that you have used the credit card for? What I see are things like,
vitamins and supplements, allergy and sinus, cough, cold and flu, oral care (toothpaste possibly?) & Pain and fever relief.Used it for numerous things. Almost everything can be tied into health. Never a problem.
When you go to Walmart and Walgreens you just use the credit card like any other credit card?
I mostly use in Walgreens. It is a credit card. I believe in Walmart the register separates items for carecredit and what's left you pay with another method. Walgreen is much more liberal probably because it's a Pharmacy and most of the stock they carry is classified for health.
@Iusedtolurk Ok. Thank you! I really appreciate you sharing these details!
@credit8502020 No problem glad to help and My Paypal Address for Donations is............
LOL JK The members of the forum have helped me so much I'm just paying it forward.