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Old 01-19-2019, 12:43 AM   #121
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Someone asked about my credit score, as I have about 8 cards, most are fee free, long term that I use a bit, and each year I get a new card or two. Use them and usually cancel them before the year is up.
I thought it was 800 - 780 depending upon timing.

Turns out it's 820, from one of the big 3 credit companies (rather than some made up number).
They also have a neat simulator which showed adding a new credit card didn't even move my credit score.
This makes sense, since I have 8 old cards, if you think each averages 10 years, adding a new one would be 80 yrs / 9 cards for age vs current 80 yrs / 8 cards, not much difference.
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Old 01-19-2019, 06:57 AM   #122
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I also have a credit score 820+ and numerous credit cards. It might have been pushed down to 790+ the year I added 3 cards because the deals were so good as that caused several hard credit pulls, but the score has rebounded since.
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Old 01-19-2019, 10:37 AM   #123
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This thread reads a lot like Clark Howard's Best Credit Cards guide:

https://clark.com/credit-cards/best-...-credit-cards/


I decided to replace the DiscoverIT 1% card with the Fidelity 2% card. I rarely catch any of the 5% stuff on the DiscoverIT...too disorganized to recall what's 5% and often it's not stuff I buy. The Fidelity card will be a simplification.


First I called the (separate) customer service of the Fidelity card and found out I needed to thaw all 3 credit bureaus . They're probably only going to check one, but they make you thaw all three. So I came up with this bit of Credit Thaw Documentation for myself and the rest of the world.


And... it worked! The online application for the Fidelity card went through. NOW what I'm I going to do the rest of the day?


I might research the cards with monster sign-up bonuses if you spend big bucks in the first 3 months... I have some trips on the calendar I haven't paid for yet.
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Old 01-19-2019, 01:50 PM   #124
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The expanded BofA Rewards options appeared for me today. I don't charge a lot of stuff on my CC, but being able to change the 3% choice from month to month will be somewhat helpful.
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Old 01-19-2019, 02:48 PM   #125
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On a related note, let's say one has 2400 of charges towards the quarterly limit, but then charges 5k for a travel expense (travel being the 3% choice), does one get the full credit?
I believe it is yes.
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Old 01-19-2019, 03:40 PM   #126
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PenFed has a no fee card with 1.5% back, 2% if you have a checking account with them (might be a certain type of checking). I bank with PenFed anyway so the credit card is convenient, one less account to log into. Only thing is, I couldn't get my credit limit raised because I apparently have too many cards. My credit score is 815. I have another card with them I no longer use, so they are going to let me move the credit limit from that over, once I get the ownership fully matching. I had one other authorized user on the old that's not on the new. I do have other cards, mostly from other promotions. One with better notifications that I use if there's anything questionable, such as losing sight of the card in a restaurant, or a new web store, or shady looking gas station. Another that I tuck in my phone case just in case I'm without my wallet--skiing, running, etc. Another with better payback on revolving categories like gas or groceries.

I've also noticed from my last credit report that a couple cards I asked to have closed are still showing active. Is there a trick to getting them closed, or will it happen over time, or do I need to be persistent?
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Old 01-19-2019, 07:52 PM   #127
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...I might research the cards with monster sign-up bonuses if you spend big bucks in the first 3 months... I have some trips on the calendar I haven't paid for yet.
If you buy gift cards for yourself or others and charge them on the card do those charges qualify for the monster sign-up bonuses? If so, I may have a new hobby to consider.
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Old 01-19-2019, 08:17 PM   #128
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If you buy gift cards for yourself or others and charge them on the card do those charges qualify for the monster sign-up bonuses? If so, I may have a new hobby to consider.
Interesting idea. The only experience I have is buying a $100 Amazon gift card that included a $5 credit. Bought it after I already had a $100 item in my shopping cart, so free five bucks...why not? But I'm glad you mentioned this idea. When I go searching, I'll check the fine print for that.
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Old 01-19-2019, 08:21 PM   #129
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We use (3) credit cards.
Citi Double Cash 2% on everything
Bank of the West 3% on groceries
Citi Costco 4% on gas, 3% on dining
I used to love the Chase card, but stopped using it once they went to quarterly categories. I cannot train my DH to switch from one card to another 4 times a year.
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Old 01-19-2019, 08:24 PM   #130
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Interesting idea. The only experience I have is buying a $100 Amazon gift card that included a $5 credit. Bought it after I already had a $100 item in my shopping cart, so free five bucks...why not? But I'm glad you mentioned this idea. When I go searching, I'll check the fine print for that.
Let us know what you find out.
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Old 01-19-2019, 10:46 PM   #131
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If you buy gift cards for yourself or others and charge them on the card do those charges qualify for the monster sign-up bonuses? If so, I may have a new hobby to consider.
I think itís very likely that they do. All the credit card company knows is what retailer you bought from, not what you bought. Even Costco gives you the executive rebate for buying gift cards they sell.
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Old 01-19-2019, 10:51 PM   #132
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If you buy gift cards for yourself or others and charge them on the card do those charges qualify for the monster sign-up bonuses? If so, I may have a new hobby to consider.
It worked for me.
However, not being a manufactured spending person, I ended up with a bunch of gift cards, which later I used.

Note: you can get gift cards on a discount so it's really a way to save, however if you get too many, and they are retailer specific, you could end up with worthless cards
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Old 01-19-2019, 11:09 PM   #133
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I buy iTunes gift cards when Costco or Amazon or someone else has them on sale for a 15+% discount. These give me store credit that pays for my streaming connections like Netflix, music and books. I use a card that has cash rewards - usually 2% but 5% at Amazon. Costco also gives a 2% executive rebate. The discounts add up!
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Old 01-20-2019, 02:34 AM   #134
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I get the Shell gas card at a 20% discount at Publix using a CC with a 3.5% discount.
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Old 01-20-2019, 10:33 AM   #135
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I think itís very likely that they do. All the credit card company knows is what retailer you bought from, not what you bought. Even Costco gives you the executive rebate for buying gift cards they sell.
This is useful because when I get my annual car maintenance work done (or for any in-between work), I use my CC and it qualifies for the 3% cash-back found in the Gas category. All I see on the bill is the name of the gas company, no different had I bought gas using the card (which I don't do because the cash discount is 10%).
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Old 01-20-2019, 10:45 AM   #136
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I think itís very likely that they do. All the credit card company knows is what retailer you bought from, not what you bought. Even Costco gives you the executive rebate for buying gift cards they sell.
Yes, my thoughts exactly. When I buy Amazon gift cards at Kroger, all that shows up on my credit card statement is the total amount of the Kroger purchase, so the gift cards do seem to count towards the "total spend" amount required to earn CC sign up bonuses. Technically, this is not allowed if you read the fine print of the CC agreement when you sign up, but I don't see how they would know that, say, $100 of a $150 Kroger purchase was for an Amazon gift card. If anyone has evidence to the contrary, though, please share with us!
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Old 01-20-2019, 10:49 AM   #137
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Don't most stores charge an additional fee when buying a gift card? If I remember right if I buy a $100. Best Buy Gift card at Safeway they in turn charge me a small service fee so that $100. purchase is actually something like $104. or what ever. Kill's what ever credit card rebate you might be getting.
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Old 01-20-2019, 10:51 AM   #138
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Don't most stores charge an additional fee when buying a gift card? If I remember right if I buy a $100. Best Buy Gift card at Safeway they in turn charge me a small service fee so that $100. purchase is actually something like $104. or what ever. Kill's what ever credit card rebate you might be getting.
Not necessarily. I only buy from stores that donít tack on any fees and many donít. And none of the gift cards Iíve bought have ever been subject to sales tax either, as they shouldnít be.
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Old 01-20-2019, 10:52 AM   #139
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Yes, my thoughts exactly. When I buy Amazon gift cards at Kroger, all that shows up on my credit card statement is the total amount of the Kroger purchase, so the gift cards do seem to count towards the "total spend" amount required to earn CC sign up bonuses. Technically, this is not allowed if you read the fine print of the CC agreement when you sign up, but I don't see how they would know that, say, $100 of a $150 Kroger purchase was for an Amazon gift card. If anyone has evidence to the contrary, though, please share with us!
I agree, itís not enforceable by the CC company.
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Old 01-20-2019, 01:13 PM   #140
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Don't most stores charge an additional fee when buying a gift card? If I remember right if I buy a $100. Best Buy Gift card at Safeway they in turn charge me a small service fee so that $100. purchase is actually something like $104. or what ever. Kill's what ever credit card rebate you might be getting.
There's an activation fee when you buy a prepaid Visa or AmEx card at Safeway, but I've also bought Amazon and Best Buy cards there and there's no surcharge for those.

Those prepaid Visa/AmEx cards also have monthly fees if you don't use them, so now whenever I get one, I just immediately login to Amazon and use it to reload my Amazon gift card account. That way I get to spend the full amount whenever I'm ready to do so without having to keep track of the balance.
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