What would flyertalk do?
May 3, 2007, 9:12 am
#16
Original Member
Original Poster
Join Date: May 1998
Location: Tampa, FL
Programs: AAMM & PLT; UA Gold, DL Silver, Marriott LT Titanium Elite, Hilton Diamond, Hertz #1 Gold Club
Posts: 1,591
Applying that to a rather larger trade line yields some cash....I was tempted to do it for various reasons, however, good sense wins out in the end.
May 3, 2007, 9:39 am
#17
Join Date: Apr 2005
Location: Los Angeles, CA
Programs: AA Plat, HH Gold, SPG Gold, HH Gold, Marriott Silver, Amex Plat, GlobalEntry, SW A-List Preferred
Posts: 866
So I just took out another chunk, with BofA. I'm getting $400/month in interest (pre-tax). Well worth it for me. Now, if Chase would only cooperate and drop from 1.99% to 0%...
I'm keeping my wife's credit record squeaky clean, just in case though.
Jun 8, 2007, 9:22 am
#18
Join Date: Apr 2005
Location: Los Angeles, CA
Programs: AA Plat, HH Gold, SPG Gold, HH Gold, Marriott Silver, Amex Plat, GlobalEntry, SW A-List Preferred
Posts: 866
An update... once the second large balance (90%+ of available credit) hit the credit report my score took a 40 point nose-dive. So looks like one is OK in the FICO algorithm but it goes nuts with multiple ones.