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That’s never happened to me and I’m not sure I get the rationale in doing so. Chase has a rule for maximum credit limited allowed across all cards so maybe something similar? Do you have more than one Amex branded credit cards?
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Mar 8, 2019 00:28
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Diva Cupcake posted:That’s never happened to me and I’m not sure I get the rationale in doing so. Chase has a rule for maximum credit limited allowed across all cards so maybe something similar? Do you have more than one Amex branded credit cards? Nope. I only have three cards and the other two are Chase and Capital One with similar or higher limits than what my Amex was originally. I treat them like cash and pay all balances in full every month. In all the years I've had the other cards they've never pulled this kind of crap.
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Mar 8, 2019 00:42
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When I had an Amex in the past, they reduced my CL in half but that was during the subprime mortgage crisis and I figured they were just shoring up accounts to make sure they wouldn't get out of hand.
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Mar 8, 2019 00:44
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The_Franz posted:Amex can eat a dick. They cut my credit limit in half from $16k to $8k citing a few months of light usage even though my credit is spotless and my credit scores are 800+ across the board. No other card has done that, even after longer periods of dormancy. When's the last time you used the Amex?
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Mar 8, 2019 02:11
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astral posted:When's the last time you used the Amex? March 2, the same day the letter telling me my limit was cut was dated. Prior to that, I used it a bit in December. I don't use it much, but I've gone months without using some of my other cards as well and they didn't cut my limits because of it.
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Mar 8, 2019 02:33
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The_Franz posted:March 2, the same day the letter telling me my limit was cut was dated. Prior to that, I used it a bit in December. Yeah that's really weird. Was the transaction on March 2 by chance a large one?
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Mar 8, 2019 02:52
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astral posted:Yeah that's really weird. Was the transaction on March 2 by chance a large one? About $1000. Not small, but not an enormous amount and I already paid it off.
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Mar 8, 2019 02:57
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The_Franz posted:About $1000. Not small, but not an enormous amount and I already paid it off. Yeah that was most likely the trigger, a sudden large spike in spending after not having much spend for a while. Would you by chance have had a high (reported, not necessarily carried) balance on any of your other cards at the same time?
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Mar 8, 2019 03:26
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astral posted:Yeah that was most likely the trigger, a sudden large spike in spending after not having much spend for a while. Would you by chance have had a high (reported, not necessarily carried) balance on any of your other cards at the same time? Nope, my other cards were at 0 and during the last couple of months I've been under 1%-2% total credit utilization.
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Mar 8, 2019 03:41
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Do you pay off the full balance or just the current balance on the bills? I personally have auto pay set up on my cards to only pay the current balance (minimum balance during promo 0% APR period) until the final week before it's due to keep my utilization up a little (and to keep my cash earning interest for as long as possible).
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Mar 8, 2019 04:05
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Do you guys lock / freeze your credit at the 3 bureaus (Transunion, Experian, and Equifax). Is it pretty straight forward to do so and would you recommend it? I lost some important documents recently (No SS number or anything but I want to be safe).
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Mar 8, 2019 07:41
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EL BROMANCE posted:Dear lord, do I have to wake up at 3am to actually get anyone from Chase on the phone? Have to speak to a CSR because we apparently exceeded amount of login attempts for a new card account (actual attempts to log in: 0) and it doesn't seem to matter how long we hold, nobody ever picks up. Great first impressions guys. Fhqwhgads posted:I have to do this for a chargeback on my Freedom and am dreading it, especially since I have a CSR. CSR's customer service has spoiled me. The_Franz posted:Amex can eat a dick. They cut my credit limit in half from $16k to $8k citing a few months of light usage even though my credit is spotless and my credit scores are 800+ across the board. No other card has done that, even after longer periods of dormancy.
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Mar 8, 2019 15:37
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Busy Bee posted:Do you guys lock / freeze your credit at the 3 bureaus (Transunion, Experian, and Equifax). Is it pretty straight forward to do so and would you recommend it? I lost some important documents recently (No SS number or anything but I want to be safe). I've locked mine since the credit report leak fiasco. It's really easy to temporarily lift the freeze if you ever need to for any reason. I opened a new account at a credit union and they needed to do a pull. I just went on my phone to whichever of the credit reporting agencies they were using and lifted the freeze for that day.
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Mar 8, 2019 22:06
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SiGmA_X posted:Wtf! I only put a few charges a year on my Amex Blue and they haven't changed my 32k limit yet (which they happily gave me when I was making ~60k, and had >50k of [unused] credit from Chase/Citi/Discover)... I wonder if they changed their credit limit algorithms recently and I should expect a reduction. My overall utilization is a few %, a couple grand gets charged and paid off in full monthly. There are a lot of stories about Amex pulling crap like this when the global economy crashed a decade ago, demanding financial statements from long time, big money customers (e.g. road warrior business travelers) and then often reducing their spend limits to a laughably low amount or cutting the limits of people if they spent money at establishments that tended to be frequented by other customers who "have a poor repayment history with American Express". They actually used that language in the letters sent to people. They seem to think they are still a prestigious brand, but there is a reason why merchants hate them (high fees), Costco dumped them and other banks have been eating their lunch when it comes to high-end travel cards. They posted a loss last year for the first time since the early 90s, so I wouldn't be surprised if they are doing house cleaning/risk mitigation.
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Mar 8, 2019 22:48
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Busy Bee posted:Do you guys lock / freeze your credit at the 3 bureaus (Transunion, Experian, and Equifax). Is it pretty straight forward to do so and would you recommend it? I lost some important documents recently (No SS number or anything but I want to be safe). Since Equifax for all intents and purposes leaked everyone's personal info, I highly recommend everyone put a security freeze on their accounts since there's really no reason not to.
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Mar 11, 2019 23:00
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What do we think the chances are that buying lift tickets for a Ski Resort online counts as "online shopping" for BOA 3%?excluded categories posted:Insurance
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Mar 12, 2019 17:30
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Elysium posted:What do we think the chances are that buying lift tickets for a Ski Resort online counts as "online shopping" for BOA 3%? My guess: likely to code as one of the travel categories but travel does not appear to be excluded, so maybe?
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Mar 12, 2019 17:38
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astral posted:My guess: likely to code as one of the travel categories but travel does not appear to be excluded, so maybe? Well travel is its own category: "travel posted:Airlines, Air Carriers, Airports, Airport Terminals, Flying Fields | Amusement Parks, Carnivals, Circuses, Fortune Tellers | Aquariums, Dolphinariums, Zoos and Seaquariums | Art Dealers and Galleries | Boat Leases and Boat Rentals | Bus Lines | Campgrounds and Trailer Parks | Car Rental Agencies | Cruise Lines | Direct Marketing — Travel-Related Arrangements Services | Hotels, Motels, Resorts | Motor Home and Recreational Vehicle Rental | Package Tour Operators (for use in Germany only) | Parking Lots and Garages | Real Estate Agents and Managers (Rentals) | Recreation Services (not elsewhere classified) | Suburban and Local Commuter Passenger Travel, including Ferries | Taxicabs and Limousines | Timeshares | Truck and Trailer Utility Rentals | Passenger Railways | Toll and Bridge Fees | Tourist Attractions and Exhibits | Transportation Services (not elsewhere classified) | Travel Agencies and Tour Operators" Resorts or Recreational Services maybe? So maybe I should switch my 3% category to Travel? Or what are the chances this counts as travel for my Chase Reserve?
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Mar 12, 2019 17:58
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Elysium posted:Well travel is its own category: I looked into this a bit and it sounds like lift ticket coding varies depending on the resort. Popular codings seem to be hotel/travel or even 'entertainment'. If it were me I'd probably try something with a generous travel category, but it sounds like it's anything but certain. You might have better luck googling up the exact destination name, lift tickets, and 'coding' or 'category' or 'mcc'
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Mar 12, 2019 18:12
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Can you not make a small purchase from the same vendor and see what pops up?
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Mar 12, 2019 18:32
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I don't think they'll let me buy 1/100th of a lift ticket. "I'm just totally gonna jump off before it gets too high, I swear."
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Mar 12, 2019 18:38
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I figured you were buying a bunch of tickets and you could just get one and see what code pops up. Or maybe they have some $1-5 item in their shop you could buy and maybe return after you get the code. Obviously not worth it if you're spending $100 bucks, but might be worth it if you're about to burn $1000 or more.
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Mar 12, 2019 20:04
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I took the plunge and finally got a Chase Sapphire Reserve. Still waiting for the card. I’m booking a 2 person flight to Bermuda for June as the first travel purchase. Would be nice to pay for it with the 50k bonus, but I’d have to wait a month and don’t want to wait to book the flight. Besides getting global entry, what else should I set up for this card? My only other card is a boring Citi DoubleCash.
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Mar 13, 2019 03:20
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howdoesishotweb posted:I took the plunge and finally got a Chase Sapphire Reserve. Still waiting for the card. I’m booking a 2 person flight to Bermuda for June as the first travel purchase. Would be nice to pay for it with the 50k bonus, but I’d have to wait a month and don’t want to wait to book the flight. You can enroll in Priority Pass if airport lounges are your thing.
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Mar 13, 2019 03:27
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gregday posted:You can enroll in Priority Pass if airport lounges are your thing. Also good at certain airport restaurants. Request that Priority Pass ASAP!
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Mar 13, 2019 04:10
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howdoesishotweb posted:I took the plunge and finally got a Chase Sapphire Reserve. Still waiting for the card. I’m booking a 2 person flight to Bermuda for June as the first travel purchase. Would be nice to pay for it with the 50k bonus, but I’d have to wait a month and don’t want to wait to book the flight. If you intend to keep the CSR, then you should also get the Freedom Unlimited. Use that for every purchase that’s not restaurants and travel related, then transfer the points to your CSR, effectively making the FU a 2.25% card on everything. I also use the regular Freedom card but lately some of the quarterly categories have been kind of stale.
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Mar 13, 2019 08:25
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When are the March Freedom categories coming out?
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Mar 13, 2019 12:12
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Jerk McJerkface posted:When are the March Freedom categories coming out? The next quarter is usually announced on the 15th of the last month of the previous quarter, so should be March 15 for Q2.
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Mar 13, 2019 12:26
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Chase is getting really good at last-minuting it. I appreciate that Discover announces the whole year at a time and sometimes even adds an extra targeted category.
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Mar 13, 2019 19:04
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My wife and I are taking a trip to Europe in a few months so wanted to get a no-foreign-transaction-fee card. I skimmed this thread and a bunch of stuff on Nerdwallet/Wirecutter and settled on the CSP (we travel only occasionally so the CSR annual fee doesn't make sense for us). She applied for it yesterday (with me as authorized user if that matters) and didn't get auto approved (we will hear from them in 10 days or something) which is surprising since both of our FICOs are 780+, we pay all of our cards off every month, and the only hard pull on her report in the past 2 years was a year+ ago when we switched cable providers. Actually when we checked the annual credit report (after the application) it didn't even show a pull from Chase. Basically what I want to know is - is this just a part of their process and we will get approved in 2 weeks if we sit tight? Or do we need to call Chase to figure it out and get it moving? I saw the flowchart a couple pages upthread but it didn't seem to exactly match our situation.
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Mar 14, 2019 16:23
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Blistering Sunburn posted:My wife and I are taking a trip to Europe in a few months so wanted to get a no-foreign-transaction-fee card. I skimmed this thread and a bunch of stuff on Nerdwallet/Wirecutter and settled on the CSP (we travel only occasionally so the CSR annual fee doesn't make sense for us). First question: Bureaus all unfrozen/unlocked? You can call chase to get the application status: 800-432-3117 If you weren't approved, you can call Chase's reconsideration line: 888-270-2127 How many credit cards does she have? What's her oldest and youngest card? If there's nothing strange there, there's a fair chance it's just identity verification, in which case the easiest way is to go into a branch and get the documents uploaded by a banker (not a teller) there.
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Mar 14, 2019 17:00
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Check out this Chase Approval Flowchart. You might not be denied yet and you can still get it done through recon. https://www.reddit.com/r/churning/comments/65vg85/chase_nonautomatic_approvalreconsideration_guide/
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Mar 14, 2019 17:11
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Bureaus have never been frozen by us which I assume means they are not locked? This is the first time since we bought our house 4 years ago that we've interacted with credit report stuff at all. She has 1 card currently that we use (typically like 30-40% of the credit line which may be why her score is only good not excellent) and pay off every month and several old closed ones from 4+ years ago that were always paid off but still show up as old cards on the report. The active card is 5ish years old. Sounds like there's no reason not to try calling to at least get more details/next steps so we'll try that next.
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Mar 14, 2019 17:11
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Blistering Sunburn posted:Bureaus have never been frozen by us which I assume means they are not locked? This is the first time since we bought our house 4 years ago that we've interacted with credit report stuff at all. Yeah sounds like she just has a thin file - only one card is a bit of a weakness, but should be fine with reconsideration especially mentioning that she has a long relationship with her current card's bank and the good payment history.
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Mar 14, 2019 17:51
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I got one of those Amex letters yesterday about reducing my credit limit because I didn't use it much. Oh well, whatever.
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Mar 14, 2019 18:32
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Thauros posted:looking at the chase sapphire preferred with an intro offer that kicks in when $4000 is spent in the first three months. Asked this a few weeks ago and was told to use plastiq to pay my rent. Was about to sign up for the card until i read this: https://www.theglobetrottingteacher.com/how-to-use-plastiq-to-meet-credit-card-minimum-spend/ quote:You’ll notice Mastercard and Discover cards can be used to pay all kinds of bills with Plastiq. Visa and American Express cards come with a few restrictions. this is getting more complicated than i'd like, especially as i'd like to get that card soon. no one else mentioned this with this particular visa card which seems popular on here, does that mesh with others' experiences?
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Mar 15, 2019 01:14
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Looks like Chase Freedom is Groceries and Home Improvement. That's pretty good, but now I have to figure out if I'm going to hit $6000 on my Amex BCP, since Q1 was 10% groceries for Discover (5% plus double) and now Chase as well, so for half the year the Amex isn't worth it.
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Mar 15, 2019 15:02
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Jerk McJerkface posted:Looks like Chase Freedom is Groceries and Home Improvement. That's pretty good, but now I have to figure out if I'm going to hit $6000 on my Amex BCP, since Q1 was 10% groceries for Discover (5% plus double) and now Chase as well, so for half the year the Amex isn't worth it. Yeah I had been staying away from Discover It since Chase Freedom usually overlapped categories with them, but if they stop stepping on each other's toes I can justify having both cards This year...so far so good!
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Mar 15, 2019 15:13
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astral posted:I looked into this a bit and it sounds like lift ticket coding varies depending on the resort. Popular codings seem to be hotel/travel or even 'entertainment'. If it were me I'd probably try something with a generous travel category, but it sounds like it's anything but certain. So I just decided to put it on my Reserve and hope it coded as Travel. It ended up coding as "Personal." That makes it the second "Personal" coding of any charge I've ever put on the card, the other one being my Vet's office.
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Mar 15, 2019 15:51
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EugeneJ posted:Yeah I had been staying away from Discover It since Chase Freedom usually overlapped categories with them, but if they stop stepping on each other's toes I can justify having both cards The thing is I can typically spend the $1500 on groceries in two months. I know some goons in this thread somehow spend like $160 on groceries a month for a family of 19, but I just can't do that. I do however also buy gift cards at grocery stores for other purchases to get the 5% cash back on everything (like Lowes for projects, Old Navy for clothes, or Ebay and stuff), that does inflate my grocery budget, but it's all planned and budgeted purchases.
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Mar 15, 2019 16:43
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