Comments for Ask Mr Credit Card's Blog

Comment on American Express Platinum Card by Mr Credit Card

Mr Credit Card — Sat, 20 Mar 2010 12:58:05 +0000

definitely your personal credit, not too sure about the business side though I suspect they also check.

Comment on American Express Platinum Card by sean Bobie

sean Bobie — Sat, 20 Mar 2010 01:43:32 +0000

I have a business for 8 years,& my DNB score is very high
Do AE also check your personal credit for a business card,or just your company credit
Thanks Sean

Comment on Your Credit Card Company Could Unexpectedly Lower Your Limit by goodst0ry

goodst0ry — Sat, 20 Mar 2010 00:36:14 +0000

I only had a $2000 limit. I made a payment of $900 and then BofA lowered my limit to $1100, which means my card is still maxed out. I know this is money I owed them, but I was counting on that money to be available. I’m pregnant and moving and now I feel like someone robbed me of $900. It is so disappointing that they did this because as soon as I pay it off they are definitely losing my business. I’m going to close my checking account as well. Oh well, their loss.

Comment on Visa Black Card Review by db

db — Fri, 19 Mar 2010 16:50:16 +0000

The card – I got the offer in the mail, filled out the application and received the card about a week later. Its packaging was very nice and card looks and feels amazing.

The limit – My limit was $10,000 which is hilarious for a card where you’re supposed to have the power to make very large purchases.

The gifts – About a month later I received an engraved multipurpose pen, pencil and stylus.

The concierge service – I called inquire about hotel room reservations in Miami, FL. About 28 hours later I received an email with my options. Thats a long time to wait. I could’ve went on any internet based travel site and got the results in a fraction of the time.

The winner – Barclay’s. Think about it…Barclay’s states only 1% of the U.S. residents (308,899) will be approved for the card, which equates to $152,905,005 (308,899 x $495) in annual fees!

The verdict – The value of this card isn’t worth $495 a year and I will be canceling before the next membership fee is due. Save your money get a basic rewards card with no annual fee and comparable interest rate because the Visa Black Card isn’t worth the money.

Comment on Why Are Credit Card Companies Lowering Your Credit Limits? by Derrick

Derrick — Thu, 18 Mar 2010 08:04:55 +0000

Well, the same thing just happened to my wife and I am mad as heck. We had a Region card with a credit limit of 8000. I got a text message from my account tracking that the limit is now 4000 with available balance of 115 dollars. Really hurt my credit to depth ratio. I really think they are doing this on purpose to prevent customers from using the card and reapply for credit. I am really thinking about payin off all of my debt with my savings and then rebuild my savings with the money from not making CC payments. I hate lendors because the are taking advantage of the people. I would rather live in a cave than borrow money again. Boycottingggg here

Comment on Making Good On A Sign Up Bonus by oasisman

oasisman — Thu, 18 Mar 2010 05:49:28 +0000

Great advice….interesting story. I’ll make sure to take screen shots before signing up for another credit card.

Comment on Can Your Spouse Hurt Your Credit Score? The Good, The Bad, And The Ugly by Ray

Ray — Thu, 18 Mar 2010 03:44:48 +0000

I have a credit card that has gone to collection. When I was married, my wife insisted she be added to the card. I acquiesced and had her added to the account. We are now divorced, and of course, the collection agency has been hounding her as well. Is it possible to make a formal request to have my ex-wife removed from the collection activity and the negative information removed from her credit so that I am only responsible for arrangement and payment? If so, what’s the verbiage I should use to communicate this to the collection agency? Thanks in advance for your assistance!

Comment on American Express Platinum or Gold Card? by E

Wed, 17 Mar 2010 20:07:34 +0000

Great info!! Thanks. Hey Jeremy – get a liffe

Comment on American Express Delta Cards, When A Mile Is Not Just A Mile by Karen

Karen — Wed, 17 Mar 2010 17:10:30 +0000

Aaron is correct. I can buy a first class ticket for 1,199.00 if I use the Delta reserve companion ticket that cimes with the Reserve card the ticket price goes up to $1,978.oo . now add in the cost of card $450.00 and $450.00 for renewal and you could buy the both first class tickets for less than having the card. I am now in progress of talking to American Express no where does it state to use companion ticket will be a jacked up ticket price.

Comment on Using Credit Cards To Create A Debt Repayment Plan by Wednesday Trends in Credit Cards & Debt | Credit Karma Blog

Wednesday Trends in Credit Cards & Debt | Credit Karma Blog — Wed, 17 Mar 2010 17:07:18 +0000

[...] Ask Mr Credit Card shows you how to use credit cards to create a debt repayment plan. [...]