Churn question
Jul 28, 2011 | 12:25 pm
#31
Join Date: Feb 2011
Programs: DL DM Hub Captive, Marriott Plat, Hilton Diamond, PC Plat, and other stuff.
Posts: 905
The purpose of this rule appears to be to keep card companies from handing out cards to folks who can't pay the bill. http://www.federalreserve.gov/newsev.../20110318b.htm Not such a bad thing.
And, note that it will likely have close to no effect in community property states.
And, note that it will likely have close to no effect in community property states.
Yes, but the government is the master of the Law of Unintended Consequences.
See: The Mint
Last edited by thegasguru; Jul 28, 2011 at 12:26 pm Reason: spellling
Jul 28, 2011 | 5:57 pm
#32
Join Date: Oct 2009
Location: Land of the parrots and parrotheads
Programs: Several dozen
Posts: 4,820
Jul 30, 2011 | 9:54 pm
#33
Join Date: Jun 2011
Location: Flyover Territory
Programs: Hilton Diamond
Posts: 688
Household vs individual income
I recently applied for the Surpass card. Evidently they have already begun to consider individual income and not household income. I stay at home. When asked my income I was not prepared..Needless to say I was denied. Never been denied a credit card before.
How will this affect me? My credit score? Ability to apply for other cards? Ability to apply for Amex cards? Any information or wisdom would be appreciated. I'm freaking out!
How will this affect me? My credit score? Ability to apply for other cards? Ability to apply for Amex cards? Any information or wisdom would be appreciated. I'm freaking out!
Aug 20, 2011 | 3:32 pm
#34
Join Date: Jun 2011
Posts: 1,154
Most of the CCs with good bonuses in Canada seem to have an annual fee, so if I want to churn them, do I have to wait out the first year (and pay the $120 or whatever) or can I cancel them after x months, keep the bonus, and get a pro-rated refund on the fee? What is x, if something like that is doable?
New to churning, so help would be great
Thanks.
New to churning, so help would be great
Thanks.