Comments for Ask Mr Credit Card's Blog

Comment on Southwest Airlines Rapid Reward Card by Chase by Mark

Mark — Tue, 03 Nov 2009 17:03:46 +0000

Some of the complaints for this card are nonsensical.

Ed – do not EVER use a rewards card if you carry a balance on your card. Reward Card interest rates are much higher than other cards. Actually I may take that back – please DO carry a balance – In a sense, it’s people like you who carry a balance with a high interest rate rewards card that give the companies the ability to give such good benefits to the rest of us who use the card correctly.

Hrishi – Pay your bill on time. 1 day late is still late.

Comment on Your Credit Card Company Could Unexpectedly Lower Your Limit by tara

tara — Sun, 01 Nov 2009 22:40:33 +0000

I have been with the same cc company for years now and I have limit of 15K I went to use my card which is paid off each month and it was declined was only for 200.00. I tried calling to see what the problem was and was not able to get a response from the person that answered the phone. I use my canrd for the bonus flying miles I get with it since in my line of work I have to travel. I had purchased some investment property that went into foreclosure because the mortgage company did not want to work with me. I have not received any notice of them lowering my limit – why would they do this?

Comment on Getting Started With Coupons by Save on Entertainment with Coupons | Ask Mr Credit Card's Blog

Save on Entertainment with Coupons | Ask Mr Credit Card's Blog — Sun, 01 Nov 2009 19:51:11 +0000

[...] this week, Mr Credit Card featured a post about the importance of using coupons to save money on your daily expenses. Coupons are a great way [...]

Comment on Your Credit Card Company Could Unexpectedly Lower Your Limit by Todd G

Todd G — Sat, 31 Oct 2009 18:55:31 +0000

BEWARE B OF A!!!!!! It does “hurt to ask” to have your credit limits raised.

Quoting from this article:

“What should you do if your credit card company does unexpectedly lower your limit?

Call your credit card company and request that they raise your credit limit again – Let’s face it, they probably aren’t going to be willing to do this, but it never hurts to ask. If you have a long, and positive payment history with them, then you are in a good position to negotiate.”

My experience with Bank of America today: My credit limit on a B of A VISA card I have used for 15 years was $21000. They recently lowered it to $7000. Because lower credit limits can lower your credit score, and because, according to this and other articles, “it never hurts to ask”, I called to respectfully request that it be raised back to the original amount, The B of A representative’s response was not only to deny my request but to lower it further to $2400! Right there on the spot! When I complained that I had been a B of A customer since I was 8 years old, that B of a holds my home mortgage, that I had NEVER had a late payment with them or any other credit card or loan, his response was to offer to close my account for me.

My advice: Do not talk to the credit card companies, talk to a lawyer!

Comment on Reward Travel Bloggers To The Rescue by Home Finance Tip Blog » Emily’s list: Halloween edition

Home Finance Tip Blog » Emily’s list: Halloween edition — Sat, 31 Oct 2009 09:43:01 +0000

[...] 5. Successfully booking travel with your credit card reward points can be more difficult than sitting through a bad horror movie. Ask Mr. Credit Card informs readers about two bloggers who have made it their mission to navigate these frequent flier challenges. [...]

Comment on Bank of America Increases Credit Card Rate and Reduces Credit Lines. What to do? by Credit Card Chaser

Credit Card Chaser — Sat, 31 Oct 2009 00:50:27 +0000

That is good advice because unfortunately with the tightening of business credit many small business owners are being forced to use consumer credit cards as quasi business credit cards. Absent being able to get a cash back business credit card I am personally a fan of using this strategy because at least with a consumer cash back credit card there is a way for the business owner to get some savings via cash back as opposed to just using a debit card.

Comment on Reader Feedback on Citi’s Customer Service by Eric

Eric — Thu, 29 Oct 2009 23:59:42 +0000

Well I guess for every “horror” story, there’s an opposite one…

I’ve had a decently long history with Citi and carry more than one card with them. FWIW, I’ve never encountered problems paying my bills or having unannounced changes. Actually Citi’s website is one of the better interfaces from credit card companies I think.

Of course, this is one opinion of many and I can see how the reader is trying to vent her frustration. If anything, though, it seems like her troubles could be mitigated if she just didn’t wait to the last day to pay her bills.

Comment on Amex Platinum Concierge – First Experience by us too

us too — Thu, 29 Oct 2009 19:27:38 +0000

We tried this year to use our Platinum Amex for access to Delta airline partner airlines all over the world – 5 times. NOT ONE would accept it despite the fact that they were published Partners on One World Alliance. They would NOT let us in biz lounge even tho US part of our flights were on Delta. This card is useless in foreign airports, FYI, for biz lounge.

Comment on Reader Feedback on Citi’s Customer Service by dataisgold

dataisgold — Thu, 29 Oct 2009 16:51:03 +0000

Recently, two months ago they sent me a letter saying congrats we’ve increased your Credit Limit.
And just this week they cut my credit limit. I’m afraid to call them, as this same thing happened to me by BofA and after calling them they cut my limits even more.

Comment on Customer Service and Loyalty by H1N1 Flu Vaccine Shortage: All Flu Vaccines In Short Supply! Why?

H1N1 Flu Vaccine Shortage: All Flu Vaccines In Short Supply! Why? — Thu, 29 Oct 2009 05:27:41 +0000

[...] Ask Mr. Credit Card: Customer Service and Loyalty [...]