How’s Alliant with CLI’s?
Last week I applied for an account with Alliant. I was denied checking because of chexsystems, but they opened up a savings for me. I didn't get any offers online since the membership was approved a few days later. So I funded the savings and put in an online app for their platinum visa. I asked for $5k, and I got $2.5k. So now my question, since I think I may have snuck in the backdoor with Alliant, is how are they with CLIs, etc? I don't want to rock the boat too much! Plus anyone else get denied checking, but get membership and credit? In reading the forums I don't think I've seen it happen.
Categories: credit-cards Tags: backdoor, forums, membership, offers-online, platinum, question, savings, seen-it-happen, the-membership
PenFed Application for Membership/ Credit Card
Just thought I would share... I opened a savings account with PenFed with the intent on applying for their CC; They pull a hard inquiry from EX in order to determine whether or not the savings account will be restricted. I guess I should have read the entire disclaimer online...
Categories: credit-cards Tags: determine-whether, entire, entire-disclaimer, hard-inquiry, intent, read-the-entire, savings, savings-account, whether-or-not
WOO HOO!
I just paid off all my cc's leaving only a $10 balance to show. I'm going to wait a month and check out my new scores. PIF from now on. I'll use my savings to buy a nice USED car sans loan. My scores are really taking off. To anyone in the 500's ...keep the faith, pay on time, pay way more than the min and with time, your scores will improve as well. I was in the very low 500's 2 years ago but now I'm closing in on the 700's! Yippy Skippy buddy!
Categories: credit-cards Tags: check-out, faith, improve-as-well, keep-the-faith, really-taking, savings, scores, will-improve, years-ago, yippy-skippy, your-scores
Such a thing as too much credit?
I'm planning to apply for my goal card - Schwab Invest First - at the beginning of May. I've set up my credit cards to report a 1% balance on my AMEX and 0 balance on all other cards to optimize my score. I also have 6 month CLI on my 2 USBank cards that I could use for an added boost. These are my current credit limits: USBank 1 - $15,500 USBank 2 - $15,000 AMEX - $7,500 Chase - $2,500 Alliant - $2,500 Sterling Savings LOC (not a card) - $5,000 I've heard of people being denied because they have "enough" credit. Do you guys think it would be beneficial to get a CLI or would it hurt?
Categories: credit-cards Tags: amex, cards, credit, credit-cards, current, current-credit, denied-because, goal, people-being, savings, schwab-invest, score, the-beginning
Will opening a savings account help me get a credit card?
I want to say the answer is no, because I've been with BofA for 15 years and they still didnt approve me for an unsecured (although they did for a secured). So am I dumb in thinking that if I open an Amex Savings or PenFed savings I'll get in their good graces and later look better to get a credit card?
Categories: credit-cards Tags: answer, credit-card, didnt-approve, later-look, savings, savings-or-penfed, their-good
Should I add overdraft to checking account?
I have never had any overdraft attached to my account for the 4 years I have had it. I am thinking of adding it because I have moved my savings to a CU. I called to see what score was needed for the loc and while on the phone I ask if they could pull my credit to see what I qualify for. She told me that I was approved and could give it couple of days to decide if I wanted the account. The only reason I did not accepted was because I want to get the opinion of Myfico members. So I would love to get some feedback from you all. Thanks
Categories: credit-cards Tags: account, credit, only-reason, opinion, phone, savings
Lengthening life spans affect savings plans
Lengthening life spans affect savings plans
GORDON STUDER/Special Contributor to the DMNMaybe you don’t want to hit the century mark, but more of us will, which means that we have to start today to ensure that we have enough money to sustain us in that long retirement.
Read more on Dallas Morning News
Credit Card…Should I pay it off?
I currently have a card @ 5.90% with a balance of $59,000. I pay $2000 each month. The interest will adjust with a prime rate change! I have $79,000 in a money market as a emergency fund. Other savings is 401K & IRAs. Have been contemplating paying it off, then putting back the 2000 into money market every month. Concerned about inflation down the road, and it will take me an additional 32 months to payback @ current rate..along with interest @ $4900 and longer if rates go up! Any suggestions? Thanks
Categories: credit-cards Tags: concerned, down-the-road, money-market, prime-rate, road, savings, then-putting, will-take
Secured Credit Card
I just got a notice in the mail about my parents credit union ( I am a member ) that offers secured credit cards. Money is deposited in savings account earning a paltry .25% interest but the card reports as unsecured and you can have up to a 40,000 limit with platinum card benefits. I called tonight and they said anyone regardless of credit can have this type of card. I just have to have a verifiable means of income to make the payments. It has an extremely low interest rate ( prime, which is 3.25%) for all purchases, balance transfers, cash advances etc and no b/t or c/a fees. I can use it as free overdraft protection for my checking account there which pays pretty decent interest on the deposit if I agree to electronic statements, 1 bill pay a month and 10 transactions on the debit visa card not including cash withdrawals at atms. I have some money sitting in savings and other investments which isn't earning much anyway. My question is.... Would it be a bad idea to get a secured card with my savings that offers these type of services? I have been worried about switching credit cards and if I would ever face AA since most of my cards are with major banks even though I rarely carry balances, I do occasionally need cash to get thru slow periods or if I find a good investment purchase. Would this be a bad idea or can anyone see a problem that could arise from doing this? I think its a win/win for me. It would consolidate my savings for a higher limit credit card than what my others are. Maybe my other cards would match the new credit line or if I ever get a new credit card they would try to match this higher c/l. I think it unlikely to face AA on a secured card, The interest rate is rock bottom low so if I have to carry a balance the apr wont kill me and my savings is already earning about the same interest. Could it look bad for some reason having a secured credit card even if I have good credit scores?
Categories: credit-cards Tags: already-earning, balance-the-apr, cards, credit-card, decent-interest, interest-rate, investments, savings, savings-account, secured-credit
Private Mortgage Investing: How to Earn 12% or More on Your Savings, Investments, IRA Accounts and Personal Equity–A Complete Resource Guide with 100s ….Secrets From the Experts Who Do It Every Day
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