Looking for a good credit card company.

[Driven Auto Detail]

P1et,
If you do, look into one that gives some sort of rewards. My personal favorite is one that gives me 5% cash back for gas. With gas prices these days, it's nice getting $15 or whatever it is back each month on my statement. And of course pay it off each month.

 

[RTexasF]

P1et,
If you do, look into one that gives some sort of rewards. My personal favorite is one that gives me 5% cash back for gas. With gas prices these days, it's nice getting $15 or whatever it is back each month on my statement. And of course pay it off each month.

Good point, here's another example: Recently we flew to Dallas, New York, England, and Spain. The flights over and back, except for one, were all paid for by accumulated flight miles from using credit cards. The only out of pocket flight was from Dallas back home on the return leg.

If you're gonna use plastic you might as well get something back. We pay many common household bills via CC to gather the flight miles then pay the card off when it hits the mailbox. Essentially we are still paying cash but getting miles for doing so. Work the system!

 

[Mr Dream Machines]

VISA Blue is my choice

No interest or fees, if you don't have the money in your bank account you can't buy anything
Absolutely the best CC. I love it

 

[Surfer]

I've got HSBC, Discover, Amex, CompUSA, Wachovia and Chase . And with balances over a 780 score. Its all how you play the game. Never had an issue with any but I had some fraud bs with paypal and overcharges (like couple hundred dollars over) of which was tied to my Wachovia Visa card, they took care of everything within a week and credited it all back. What saved me was I kept records and emails of what I bought and sent the whole list to them to prove services to be received weren't and the cost that should have been involved.

You actually want to stay around 30% or less if possible on balances, just closed a 7 story apt building that Wachovia couldn't get done and was taking to long and jerking around. Had him pay down personal debt to 20%, he was about 55-60% before, got the score I needed and we closed the building. That little difference saved a deal in the 4 million range on a purchase that he would have lost a big chunk of money that was deposited had I not saved it.

 

[ScottB]

You actually want to stay around 30% or less if possible on balances, just closed a 7 story apt building that Wachovia couldn't get done and was taking to long and jerking around. Had him pay down personal debt to 20%, he was about 55-60% before, got the score I needed and we closed the building. That little difference saved a deal in the 4 million range on a purchase that he would have lost a big chunk of money that was deposited had I not saved it.

Actually what Surfer is offering here is DTI (Debt to Income) which is a ratio banks use to see if some can afford any additional debt. We will force/make/ask you to payoff short term debt (credit cards) as possible to make sure you stay within our ratio which is now 55cents on every verified dollar you make. We do this with the new payment included to make sure you dont intentionally fail.

Your credit report however will allow up to 75% use on tradeline before losing points specifically and allowing a warning when pulling. This is called High Trade Usage.

 

[joe.p]

Look up Tony (Knuckles) from New York...i hear the rates are to die for..lol..

 

[Surfer]

Actually what Surfer is offering here is DTI (Debt to Income) which is a ratio banks use to see if some can afford any additional debt. We will force/make/ask you to payoff short term debt (credit cards) as possible to make sure you stay within our ratio which is now 55cents on every verified dollar you make. We do this with the new payment included to make sure you dont intentionally fail.

Your credit report however will allow up to 75% use on tradeline before losing points specifically and allowing a warning when pulling. This is called High Trade Usage.

Actually I meant 20% of the limit in the actual card not dti lol , he was about 55-60% on his limits, paid down the credit cards to 20% score shot up to over what I needed. Self employed people generally have crap or lower credit then usual and not b/c of lates or anything, but the debt load is a killer. Credit industry is so flawed, they need to revamp it.

 

[wytstang]

Look up Tony (Knuckles) from New York...i hear the rates are to die for..lol..

LOL Tony from the Bronx's can stay in the Bronx's.
I looked around and USAA had the best deal for me with a variety of other offers and services (1 point for every dollar spent). Free financial advisor's and ZERO fees or Universal something, apparently some CC actually look into your credit history monthly and watch to see if you are delinquent with anybody and if so they raise your rates even though it has nothing to do with them (according to USAA). They also give a 60 notice before taking any action on late payments to give you time to pay. They gave me a nice line of credit @10.xx% I'm happy. Best of all I dealt with 1 person and she looked up all the different info I asked her. Now that I like....:righton:

 

[Meghan]

NO!!! NO!!!! NO!!! PLEASE DON'T EVER RENT A ROOM OR CAR ON A DEBIT CAR!!!! I am so glad you asked that question!
Then you check out and pay for the room. They release the hold from the incidental, but guess what it takes at least 3 to 5 business day for the credit to process back into your account. So you just allowed them to tie up your balance/cash in your checking account. Rental car agencys do the exact some thing. So unless you have a twice as much money in your checking account than what you need don't ever do it. [/COLOR]

Amen sister, just rented a car for a few days and they held $500 on my debit card. I was informed of this before they did it so it did not bother me but was the first time I had heard of that with a debit card.

 

[Tonya]

Yep! Each company is different in the amount they hold. It's good to know that they told you up front!