Credit Primer & Discussion w/ JL - Page 100 - Other Topics Forum - Discuss Pop Culture, Arts and Entertainment

DoubleCash is a mastercard, so you'll probably have best success trying to convert a citi mastercard to it. Personally I converted my Citi Dividend to it a while back.

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08-24-2016 , 09:18 PM

#2478

Baltimore Jones

Pooh-Bah

Join Date: Apr 2007 Posts: 5,824

Yea I have Professional, Dividend, World, and Preferred I think.

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08-24-2016 , 10:07 PM

#2479

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

also converted my dividend to double cash a while ago. was a snap, but citi product change takes a month or two

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08-24-2016 , 10:32 PM

#2480

JustSomeGuy

old hand

Join Date: Nov 2008 Posts: 1,228

Haven't received the new card yet, but by the next day when I logged in it showed the previous card as closed and this month's balance under double cash.

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08-25-2016 , 01:57 PM

#2481

Banana man

veteran

Join Date: Apr 2013 Posts: 3,423

CSR card has $450 annual fee, im guessing that's waived for the first year right?

Last edited by Banana man; 08-25-2016 at 02:03 PM.

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08-25-2016 , 02:10 PM

#2482

OsTornado

Pooh-Bah

Join Date: Feb 2007 Posts: 3,731

Why did you guys PC the Dividend? I still use mine for the quarter that has drugstores as CVS is very MS friendly and instead of capping the 5% quarter at $75 like freedom and IT, you can max out the $300 per year in one quarter. That's a quick ~$240 after fees. I guess I'm just a huge fan of 5% rotating cards and especially one that is no longer offered. Although there are rumors that it might soon be done (however those rumors all said it would be done before the drugstores cat this year).

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08-25-2016 , 02:12 PM

#2483

Bigoldnit

veteran

Join Date: Sep 2010 Posts: 2,397

Quote:

Originally Posted by Banana man

CSR card has $450 annual fee, im guessing that's waived for the first year right?

Not waived, but most folks figure that the 100k bonus for min spend + $300/calendar year travel credit ( which you can get twice before you have to pay the annual fee again) is well worth the $450.

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08-25-2016 , 02:16 PM

#2484

OsTornado

Pooh-Bah

Join Date: Feb 2007 Posts: 3,731

Quote:

Originally Posted by Banana man

CSR card has $450 annual fee, im guessing that's waived for the first year right?

The AF is not waived the first year and Chase has been very tough to get any AF fee waived lately. The $300 travel credit can more than male up for the AF if you're a churner as you could use it in 2016 and in 2017 and then cancel the card making it a $150 money maker, NOT including the huge 100k UR points worth a minimum of $1k

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08-25-2016 , 02:45 PM

#2485

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

I never used the Dividend (I got it by downgrading something else, probably an AA card like 3 years ago) and I didn't need its 1QTR of drugstores when I have the old Blue Cash which is 5% drugstores year round.

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08-25-2016 , 06:18 PM

#2486

schlucky1

veteran

Join Date: Mar 2005 Posts: 2,925

Did not have pre-approval for the Sapphire Reserve card when I checked in branch. I went ahead and applied, and got the "Chase will let you know by mail in 7-10 days," aka I'm most likely not getting it.

If I get a denial letter, I will have my wife apply. She's at 6/24 so we'll just have to see.

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08-25-2016 , 07:43 PM

#2487

Booker Wolfbox

Carpal \'Tunnel

Join Date: Aug 2012 Posts: 38,659

Checked online for the heck of it to see if they'd offer me the CSR, unsurprisingly no but there was an offer for the Chase Sapphire Preferred, might need to snap that up for the 50k points.

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08-25-2016 , 10:31 PM

#2488

d10

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 7,513

How long do you think the CSR is going to have the 100k sign-up bonus? The CSP has always been 50k right? I'm not planning any travel for the rest of the year but I could definitely take advantage of it next year. Is it better to wait or pull the trigger now?

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08-25-2016 , 10:42 PM

#2489

mullen

Carpal \'Tunnel

Join Date: Oct 2008 Posts: 17,632

Quote:

Originally Posted by d10

I saw some chatter that the online offer is going to be pretty shortlived but it might hang around longer in person at branches.

I would pull the trigger. You can just buy travel-based gift cards to get the travel credit this calendar year and use them towards your travel next year. And you can always MS if meeting the minimum spend isn't something you do normally, the 100k points is worth it.

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08-25-2016 , 11:10 PM

#2490

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

yea i read online through september, but sounds like the in branch offer will be there for a while

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08-26-2016 , 03:26 AM

#2491

LVpokerPRO

old hand

Join Date: Jul 2009 Posts: 1,930

Hey guys had a question about if I should get a personal loan or do balance transfers to save my credit.
Had a tough two years at work and on top of getting married I was charging too much. Feel pretty foolish but racked up like 9k cc debt.
Credit has gone from 780 to 740 in the last year and I'm now in a position where I think I can pay it off in 18 months or so.
I've seen some great balance transfers with 0% for 18 months but I'll have a 3% transfer fee, and then I saw personal loans can pay back in 3 years for like 6% interest.

Was curious what option you'd take and what would be best for my credit score.

Thanks

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08-26-2016 , 10:26 AM

#2492

DuckSauce

Carpal \'Tunnel

Join Date: Apr 2011 Posts: 11,758

Sucks that I'm just getting started and had to get a secured card + ****ty card to establish some credit. With freedom and csp I'm already 4/24. Assume reserve is ideal card to use for that last slot if I can get it? Half way through my csp min spend so 6k in 3 months could be annoying (though my typical expenses not including rent is around 2k anyway per month). I think I can just deposit extra on draft kings to finish any min spend if needed as well.

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08-26-2016 , 11:35 AM

#2493

citanul

Super Moderator

Join Date: Jul 2003 Posts: 18,865

LV,

Others are more qualified than me, but I believe that opening a good card with 0% APR + 3% fee is the right way to go. I think that doing that will actually make your credit score trend up immediately, even, since your total available credit will go up and % utilization will go down? 740 is still a very good score.

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08-26-2016 , 11:49 AM

#2494

TheNoodleMan

Wet Noodle

Join Date: Jan 2005 Posts: 16,566

LV,

If you can qualify for USAA (if you, your parents, grandparents, etc have been in the military) they frequently have 0% intros that include no balance transfer fees.

Currently, I see this offer, but there are probably others as well.

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08-26-2016 , 11:50 AM

#2495

LVpokerPRO

old hand

Join Date: Jul 2009 Posts: 1,930

Quote:

Originally Posted by citanul

Yes, I know 740 still solid but I was worried about opening 2 more cards with another 10,000 in revolving credit. I have like 8 cards with about 50k in credit this is the only time I got myself in some trouble. Was just really concerned I don't want to drop below 700. But should have no problem paying 500+ a month now so maybe 0% balance cards are the way to go

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08-26-2016 , 12:40 PM

#2496

JL514

because i can

Join Date: Nov 2006 Posts: 9,820

Quote:

Originally Posted by LVpokerPRO

What's the APR on your card?
Based on your paydown timetable it of course makes sense to either transfer or get a loan.

Only thing to be careful of is to not get complacent. Stick to a payment schedule and try to pay even more than you planned each month. Worst thing you could do here is to stop worrying about it once you do a BT and end up with more debt in a year.

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08-26-2016 , 01:08 PM

#2497

d10

Carpal \'Tunnel

Join Date: Jan 2005 Posts: 7,513

Quote:

Originally Posted by TheNoodleMan

I've had a USAA card forever and I get balance transfer offers for 3% or $75, whichever is less, which seems like a great deal if I ever needed a lot of cheap money for a year.

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08-26-2016 , 01:28 PM

#2498

sofocused978

Carpal \'Tunnel

Join Date: Oct 2008 Posts: 6,765

Think I wanna get the reserve from Chase but I just opened my CSP back in December. Opened my Freedom a year prior. I bank with Chase as well. Might have to apply for a vehicle loan in the next few months tho.