Fake Appreciation from credit cards (1 Viewer)

[BowieMercs]

You've reached 29 Years as a Sears cardmember! On this special occasion, we want you to know how much we appreciate your loyalty, patronage, and your ongoing support

Sears card is a Citibank card btw. If you have a sunoco card, thats Citibank too. ####tybank is more like it. But whatever.

No promotional rates, rebates, points miles etc. Thanks, please use this high rate card.

Only reason I don't cancel it is because I've had it so long. I have a calendar reminder to use the card at least once a year.  Bank of America :(  and Navy Federal Credit Union treat me way better.

 

[need2know]

You've reached 29 Years as a Sears cardmember! On this special occasion, we want you to know how much we appreciate your loyalty, patronage, and your ongoing support

Sears card is a Citibank card btw. If you have a sunoco card, thats Citibank too. ####tybank is more like it. But whatever.

No promotional rates, rebates, points miles etc. Thanks, please use this high rate card.

Only reason I don't cancel it is because I've had it so long. I have a calendar reminder to use the card at least once a year.  Bank of America :(  and Navy Federal Credit Union treat me way better.

Longevity is not a reason to keep a credit card.  Cancel it and get one that pays you

 

[BowieMercs]

Longevity is not a reason to keep a credit card.  Cancel it and get one that pays you

I have more credit cards than I need. Given that my credit rating (like most FBGs) is just few points shy of the ceiling , I'm content to continue business as usual.

 

[Juxtatarot]

I have more credit cards than I need. Given that my credit rating (like most FBGs) is just few points shy of the ceiling , I'm content to continue business as usual.

Nah, we're at the ceiling.

 

[Johnny Rock]

Longevity is not a reason to keep a credit card.

It is if you want to maintain a high credit score. 

 

[DallasDMac]

It is if you want to maintain a high credit score. 

If his cards are all paid up, it won't hut him. His utilization would stay at zero either way, so it wouldn't matter.

 

[FUBAR]

It is if you want to maintain a high credit score. 

go high debt score!

If closing the account lowers your score enough to matter, you have problems.

 

[BowieMercs]

The credit score business is YUGE! 



Platitudes about interpreting your FICO score from Discover.com:





What's Helping My Score?



1. NO MISSED PAYMENTS


Your credit report shows you have been paying your bills on time. People who stay current with their bills generally pose a lower risk to lenders.


2. LONG CREDIT HISTORY


Your credit report shows you have an established credit history and you haven't recently opened many new accounts. FICO® Scores measure the age of your oldest account and the average age of your accounts. People who have a relatively long or established credit history generally pose a lower risk to lenders.


Key Factors


Since you already have a high FICO® Credit Score, the key factors below are informative but not as significant since they represent very marginal areas where you could improve your financial health.


1. TOO MANY ACCOUNTS WITH BALANCES


Too many accounts (credit cards and loans) with balances suggest greater risk to lenders. Even if credit card balances are paid off every month, your credit report can reflect the total balance on your last statement.


Avoid surprises: things to keep in mind


- Accounts with high balances generally suggest risk to lenders. Consider the number of accounts that carry a high balance.

 

[FUBAR]

The credit score business is YUGE! 



Platitudes about interpreting your FICO score from Discover.com:





What's Helping My Score?



1. NO MISSED PAYMENTS


Your credit report shows you have been paying your bills on time. People who stay current with their bills generally pose a lower risk to lenders.


2. LONG CREDIT HISTORY


Your credit report shows you have an established credit history and you haven't recently opened many new accounts. FICO® Scores measure the age of your oldest account and the average age of your accounts. People who have a relatively long or established credit history generally pose a lower risk to lenders.


Key Factors


Since you already have a high FICO® Credit Score, the key factors below are informative but not as significant since they represent very marginal areas where you could improve your financial health.


1. TOO MANY ACCOUNTS WITH BALANCES


Too many accounts (credit cards and loans) with balances suggest greater risk to lenders. Even if credit card balances are paid off every month, your credit report can reflect the total balance on your last statement.


Avoid surprises: things to keep in mind


- Accounts with high balances generally suggest risk to lenders. Consider the number of accounts that carry a high balance.

It is huge.  

How much do you think closing the account will hurt your score? 

How much will that lower score impact your life? 

Keep the account if you want but if the company isn't treating you well and it's a hassle to have it, close it. 

 

[BowieMercs]

It is huge.  

How much do you think closing the account will hurt your score? Zero

How much will that lower score impact your life? Zero

Keep the account if you want but if the company isn't treating you well and it's a hassle to have it, close it. They aren't treating me badly. I'm not spending any time worrying about something this insignificant.

see answers above inline

The funny thing about credit is, the more you use it, the better your score is. My score was as it's all time high when i used one of those 0% interest, no fee balance transfer deals to fix a vehicle. Once I paid that off (in 6 months) it dropped a whole 4 points back to "normal". 

 

[FUBAR]

see answers above inline

The funny thing about credit is, the more you use it, the better your score is. My score was as it's all time high when i used one of those 0% interest, no fee balance transfer deals to fix a vehicle. Once I paid that off (in 6 months) it dropped a whole 4 points back to "normal". 

Didn't you post, complaining about the card?  If not then why are we here?

 

[BowieMercs]

Didn't you post, complaining about the card?  If not then why are we here?

LOL... Im just trying to post SOMETHING not related to the current political situation. But thanks for playing. 

 

[FUBAR]

LOL... Im just trying to post SOMETHING not related to the current political situation. But thanks for playing. 

In that case, I like cheese. 

 

[BowieMercs]

In that case, I like cheese. 

Cheddar for me please... im lactose intolerant  

 

[need2know]

pretty sure trump has that same card.   so you got that going for you.   which is nice