What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Fake Appreciation from credit cards (1 Viewer)

BowieMercs

BowieMercs

Footballguy
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.

 
BowieMercs said:
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.
Click to expand...


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

 
need2know said:
Longevity is not a reason to keep a credit card.  Cancel it and get one that pays you
Click to expand...
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.

 
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.

 
BowieMercs said:
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.
Click to expand...
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. 

 
FUBAR said:
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.
Click to expand...
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". 

 
BowieMercs said:
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". 
Click to expand...
Didn't you post, complaining about the card?  If not then why are we here?

 
You must log in or register to reply here.

Similar threads

GregR
Greg's Useless Trivia #50 - 100 questions (75 greatest hits, 25 new)
Replies
19
Views
3K
GregR
GregR

Users who are viewing this thread

Total: 1 (members: 0, guests: 1)
Back
Top