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Yes, 5/24 is only for Chase and Capital One is 1 per 6, but I believe the latter applies only to their own cards while 5/24 is all cards. I did not get the card number in advance, I think that's just an Amex thing. But you can always ask!
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Apr 2, 2021 14:31
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Dear Every Personal Finance Website: “Spend” is a verb. It means “to pay money in consideration of goods or services.” The associated noun is “spending” as in “keep close track of your monthly spending.” They are different words, and “spend” is not a noun. Very truly yours, Ogmius
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Apr 4, 2021 15:46
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I've had a Chase Sapphire Reserve since March 2018 and I'm up to 212,000 points. I was curious about a couple of things: - I heard something about how, after you've had the card for four years, you can close the account and make a new one and get that big signup bonus again. That confuses me, though; I'd assume that closing your account would mean losing your existing points? Also... why would they allow you to do that? - I know there's a deal where you can book a first-class roundtrip ANA flight (through Virgin) to Japan for 120,000 Chase points, which is like the craziest points-to-dollars value I can imagine. Are there any other deals like that (or just a little worse) that I should be aware of?
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Apr 4, 2021 17:26
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surf rock posted:I've had a Chase Sapphire Reserve since March 2018 and I'm up to 212,000 points. I was curious about a couple of things: It gets even better. Product change your CSR to CFU unlimited (so you keep your current points), then do a thing called a modified double dip (google search for chase sapphire mdd). You can end up with both a CSR and a CSP, and get SUBs for both.
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Apr 4, 2021 17:38
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Ogmius815 posted:Dear Every Personal Finance Website: Requesting that habit be changed is a big ask.
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Apr 4, 2021 18:29
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saintonan posted:It gets even better. Product change your CSR to CFU unlimited (so you keep your current points), then do a thing called a modified double dip (google search for chase sapphire mdd). You can end up with both a CSR and a CSP, and get SUBs for both. I just passed the four year mark from when I originally got my Reserve SUB. Gonna look into this mdd
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Apr 4, 2021 19:28
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Chaotic Flame posted:I just passed the four year mark from when I originally got my Reserve SUB. Gonna look into this mdd I think I've had mine since 2016 or 2017. Sounds like the general approach is to: 1. Downgrade my CSR 2. Apply for the CSR 3. Apply for the CSP the day after I get approved for the CSR.
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Apr 4, 2021 19:39
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Residency Evil posted:I think I've had mine since 2016 or 2017. Sounds like the general approach is to: The consensus seems to be to wait 30 days between 1 and 2, otherwise yes.
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Apr 4, 2021 19:41
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TITTIEKISSER69 posted:Requesting that habit be changed is a big ask. Yeah, especially because I think everyone in corporate accounting does this as well. "We had $51bn in spend last year . . . " I figure that ship has sailed.
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Apr 4, 2021 19:52
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LMAO. Amex is on to me. They sent me an upgrade offer for the Blue Cash Preferred, but I tried to apply for a new card (the signup bonus was better) through an incognito window and received this message about how I'm not eligible for the signup deal...
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Apr 4, 2021 20:31
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Yep, that's affectionately known as "pop up hell". It's not disclosed the specific parameters that put you there, nor what can get you out.
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Apr 4, 2021 20:33
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saintonan posted:It gets even better. Product change your CSR to CFU unlimited (so you keep your current points), then do a thing called a modified double dip (google search for chase sapphire mdd). You can end up with both a CSR and a CSP, and get SUBs for both. Here's a good guide I found - https://www.reddit.com/user/intervested99/comments/bpwv3d/quick_guide_for_chase_sapphire_reserve_csr_and/
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Apr 5, 2021 10:29
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I think I read something recently about Chase calling people who successfully double dip and asking them to pick which card to cancel. Was that something like the account shutdowns for churning that they started during COVID-19 and then eased back off on, or is it still happening?
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Apr 5, 2021 13:36
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So is there a reason that you can't just, convert the CSR to a non-fee Chase card, get the CSP, do the spend, then get a CSR, do the spend? Does Chase only allow one bonus for either the CSR or CSP?
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Apr 5, 2021 13:40
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Residency Evil posted:So is there a reason that you can't just, convert the CSR to a non-fee Chase card, get the CSP, do the spend, then get a CSR, do the spend? Does Chase only allow one bonus for either the CSR or CSP? Yes. You can only get one Sapphire bonus every 48 months.
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Apr 5, 2021 13:57
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Yeah I'm not super confident on this double dip thing - seems like it would be something very simple for Chase to clawback your points on.
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Apr 5, 2021 15:15
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Busy Bee posted:Yeah I'm not super confident on this double dip thing - seems like it would be something very simple for Chase to clawback your points on. And pre-Covid, there were stories of Chase catching people card churning and closing every account on file. The thought of losing all my points across my Chase cards makes me sweat just thinking about it.
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Apr 6, 2021 06:53
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Yeah, those steps you have to follow get a little shady near the end. “Call up to make sure the second application gets approved that day, but if the rep asks too many questions, hang up and call again to get a less attentive rep.”
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Apr 6, 2021 12:44
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I have a maxed out credit score, am way under 5/24 and I still got the "we need to consider your application" aka a rejection from Chase for the CSP. Getting that message sure did suck! When I get the official rejection letter from Chase, can I still go in-branch and argue my case for the card?
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Apr 19, 2021 01:21
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VorpalBunny posted:I have a maxed out credit score, am way under 5/24 and I still got the "we need to consider your application" aka a rejection from Chase for the CSP. Getting that message sure did suck! When I get the official rejection letter from Chase, can I still go in-branch and argue my case for the card? You should be able to check the status online in a couple days and you can call reconsideration of they reject you.
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Apr 19, 2021 01:32
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FYI if you have a Chase credit card and use it for any of the following:quote:Effective April 16th: Cash-like transactions will be treated as cash advances. Cash-like transactions include, but are not limited to, the following transactions to the extent they are accepted:
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Apr 20, 2021 03:31
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Does that include things like Venmo and Cashapp?
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Apr 20, 2021 03:59
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Unsinkabear posted:Does that include things like Venmo and Cashapp? Seems like it would. There's no info about how they are enforcing it. It might just be a blanket merchant category and they won't care if others slip through the cracks.
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Apr 20, 2021 04:08
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Unsinkabear posted:Does that include things like Venmo and Cashapp? https://thepointsguy.com/guide/chase-cash-like-definition/ quote:The definition of cash-like transactions is being updated to include person-to-person money transfers and account-funding transactions that transfer currency (i.e. PayPal, Venmo, Square Cash, etc.). Cash-like transactions are not applied to all PayPal transactions such as goods and services; it will be applied to person-to-person money transfers using a credit card. These transactions are identified and flagged by VISA / Mastercard and will be posted as a cash advance and charged the cash advance fee
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Apr 20, 2021 04:14
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Leon Trotsky 2012 posted:FYI if you have a Chase credit card and use it for any of the following: Weird, they gave me a different effective date (earlier in April).
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Apr 20, 2021 04:24
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drat I used Venmo earlier today and I meant to have it come out of my Chase account, but glad that card wasn’t set up on it after all now.
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Apr 20, 2021 05:14
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Small White Dragon posted:Weird, they gave me a different effective date (earlier in April). and I didn't get a notice at all
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Apr 20, 2021 16:58
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So it turns out my FICO is like, fine (over 740 on Equifax and Experien, Transunion is a lot lower for some reason, but still over 710), so I guess I don't need the credit card after all. Lesson: ALWAYS pay to get your FICO, vantagescore 3.0 is a fake score. Also, anyone who says you need revolving accounts to get an okay credit score is a liar. Just pay your installment loans on time every month and you'll get there. Ogmius815 fucked around with this message at 17:53 on Apr 21, 2021 |
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Apr 21, 2021 17:48
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Ogmius815 posted:Lesson: ALWAYS pay to get your FICO, vantagescore 3.0 is a fake score. lol the capital one score checker is transunion, right? and the discover one is FICO. my FICO score is 50 points lower than the transunion one.  e wait what? from the discover credit score page: quote:Your Score is calculated using positive and negative information on your TransUnion® credit report. ???? credit cards are basically insane. capital one is transparently predatory and gave me a massive credit line with usurious APR after a couple increases over the years, meanwhile b of a, which i have been with since my mom opened an account for me to deposit pennies into when i was like 10 & had a flush checking account linked to for a million years, would only give me $500 secured lol. b of a is very bad anyways in general (EVIL COMPANY) so should really consider migrating at some point. been saying this for years tho. Smythe fucked around with this message at 19:18 on Apr 21, 2021 |
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Apr 21, 2021 19:12
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Smythe posted:lol the capital one score checker is transunion, right? and the discover one is FICO. my FICO score is 50 points lower than the transunion one. I don't know what credit bureau the free capital one app uses, but they don't report your FICO score from any credit bureau. See, you don't just have three credit scores. You have dozens of credit scores, but mostly just three of them (the FICO scores from each bureau) are ever actually used for anything. The free capital one app is free to non-capital one customers for a reason, which is that it doesn't really provide much useful information, because all it reports is a score model called vantagescore 3.0 which creditors rarely use.
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Apr 21, 2021 19:53
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VantageScores tend to be higher than FICO scores in general; some of these scoring models also use different ranges of numbers. Don't worry about that too much - VantageScore can give you a general idea of the state of your credit, and FICO can give you a better idea of what the banks are considering. So many banks still give free FICO scores (as does Experian, directly, through freecreditscore.com) that nobody should be paying for it.Smythe posted:credit cards are basically insane. capital one is transparently predatory and gave me a massive credit line with usurious APR after a couple increases over the years, meanwhile b of a, which i have been with since my mom opened an account for me to deposit pennies into when i was like 10 & had a flush checking account linked to for a million years, would only give me $500 secured lol. b of a is very bad anyways in general (EVIL COMPANY) so should really consider migrating at some point. been saying this for years tho. I will say BoA's Cash Rewards is pretty cool for the you-choose-it 3% category (usually Online Purchases), though. Their Preferred Rewards program is also good.
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Apr 21, 2021 19:55
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Ogmius815 posted:So it turns out my FICO is like, fine (over 740 on Equifax and Experien, Transunion is a lot lower for some reason, but still over 710), so I guess I don't need the credit card after all. No one said that. We said revolving accounts are important to have because they are a major factor in your score, and that is objectively true no matter what score you have. If you just got a dang credit card and used it in lieu of debit (paying it off every week or even every day if that's what makes you comfortable), you'd likely have a great score instead of an okay one, be less at risk in the event of your card being skimmed, and be more appealing to lenders who like to see a broad range of account types. Unless you have spending control issues (and as I've mentioned upthread, this used to be me and I 100% sympathize if so) there is no reason not to do so that I can think of. You're fighting this weirdly hard imo, and that's your business, but this probably isn't the right thread for it. ...Smythe is right though, it's all insane predatory bullshit and in an ideal world it would not be necessary or optimal to participate in it. 
Unsinkabear fucked around with this message at 20:21 on Apr 21, 2021 |
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Apr 21, 2021 20:19
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Unsinkabear posted:No one said that. We said revolving accounts are important to have because they are a major factor in your score, and that is objectively true no matter what score you have. If you just got a dang credit card and used it in lieu of debit (paying it off every week or even every day if that's what makes you comfortable), you'd likely have a great score instead of an okay one, be less at risk in the event of your card being skimmed, and be more appealing to lenders who like to see a broad range of account types. Unless you have spending control issues (and as I've mentioned upthread, this used to be me and I 100% sympathize if so) there is no reason not to do so that I can think of. I did not intend to come off that hostile. So sorry about that. In any case, you're absolutely right that I'm a bit afield of the appropriate realm of discussion for the credit cards rewards thread, so I'll stop.
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Apr 21, 2021 20:26
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astral posted:I will say BoA's Cash Rewards is pretty cool for the you-choose-it 3% category (usually Online Purchases), though. Their Preferred Rewards program is also good. Why is Preferred Rewards good? I thought the net rewards were comically bad for the amount of money required, like worse than you can get as a baseline offering at credit unions or online banks. The only perk that seems interesting is the credit card rewards booster, and you have to have more than $100k in Merril before that 3% card becomes (slightly) better than a 5% one like US Bank's own you-choose-it or Discover, Freedom, etc. Unsinkabear fucked around with this message at 20:32 on Apr 21, 2021 |
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Apr 21, 2021 20:28
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I checked my score that Chase offers and lol. My credit usage is 3% and the comment below is that I have too high outstanding balance to loan ratio. Which is a comment really for my just refinanced mortgage that I've made one payment on.
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Apr 21, 2021 20:28
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Ogmius815 posted:I did not intend to come off that hostile. So sorry about that. In any case, you're absolutely right that I'm a bit afield of the appropriate realm of discussion for the credit cards rewards thread, so I'll stop. You didn't really, I'm probably being a bit defensive and projecting many previous interactions with credit-averse people, because Americans only come in two flavors: "credit is the root of all financial evil and will ruin me if I dare touch it" or "credit is free money."  I didn't mean to actually run you off, was hoping to nudge you into the middle area of that slider with the rest of us. Sorry!
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Apr 21, 2021 20:30
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Unsinkabear posted:Why is Preferred Rewards good? I thought the net rewards were comically bad for the amount of money required, like worse than you can get as a baseline offering at credit unions or online banks. The only perk that seems interesting is the credit card rewards booster, and you have to have more than $100k in Merril before that 3% card becomes (slightly) better than a 5% one like US Bank's own you-choose-it or Discover, Freedom, etc. Money in an IRA counts towards it so it's not really that absurd a barrier to meet. The 100k could be sitting in a Vanguard Total Stock Market ETF.
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Apr 21, 2021 20:35
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THF13 posted:Money in an IRA counts towards it so it's not really that absurd a barrier to meet. The 100k could be sitting in a Vanguard Total Stock Market ETF. Absolutely this. The broad fee waivers on top of the 2.62% cash back or better every where just for consolidating retirement accounts is pretty good for me. Very little of it is in cash and they don't care.
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Apr 22, 2021 00:50
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Just had a weird experience applying for an AMEX card where it got insta declined and I was told it was because they couldn't pull up a credit score for me which is obviously a mistake. Called the reconsideration line and was told it takes "3-5 business days". Does anyone know if it's usually faster? Was hoping to use the card to purchase some plane tickets and I'd rather not delay that too much.
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Apr 22, 2021 01:38
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Ur Getting Fatter posted:Just had a weird experience applying for an AMEX card where it got insta declined and I was told it was because they couldn't pull up a credit score for me which is obviously a mistake. I'm sorry if this is a stupid question but you didn't have your credit reports locked when you applied did you?
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Apr 22, 2021 03:53
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