Comments on: Want To Boost Your Credit Score? Spend On Business Cards Instead Of Consumer Cards.

By: A

Mon, 29 Apr 2013 22:07:28 +0000

@Aaron: Capital one secured card

By: a

Fri, 19 Apr 2013 18:20:41 +0000

when i called amex to use starwood as leverage to get new delta gold card, via transefering whole credit line, they said they can’t transer the whole line. card was open for 11 months at the time. ??

By: yanki

yanki — Sun, 14 Apr 2013 22:00:30 +0000

@Ari: you can always walk into a branch and make. Payment with a teller

By: yanki

yanki — Sun, 14 Apr 2013 19:51:33 +0000

Hi Dan. 2 weeks ago I did a 5 bm with chase. I got approved for the freedom and the ba cards. But was declined for the following. United visa signature business , chase world elite business. Chase sapphire visa signature. I have 1 old united personal card that I can give up. Which card should I call recon about to get approved?

By: moishy

moishy — Fri, 12 Apr 2013 03:06:15 +0000

@dan: I got my premier gold a mth ago. I spent the required 1K in a week. [Paid it up also] After the first billing cycle my points still didn’t post. When I called amex they told me there is a one mth lag before the points post. Is there a way to get the points ASAP?
@DavieBoi
Regarding the Platinum Amex…
How did you get the points posted to your acct so fast?

By: aaron

aaron — Sun, 24 Mar 2013 04:55:25 +0000

just got accepted last week for an ink plus wanted to know whether i would get accepted for the sapphire and united explorer if i applied now {my credit was in the 760 range before that pull}? thanx alot

By: Ari

Ari — Thu, 21 Mar 2013 03:56:32 +0000

Also in addition to 103. Chase does not allow you to make a Payment within 3 days, how do i make sure I will make the payment quick enough, that the statement will not yet be posted.

By: Ari

Ari — Thu, 21 Mar 2013 03:54:59 +0000

HI Dan, Chase does not allow you to make a payment until the there is a “Current balance”… How do I pay before it becomes a balance statement?

By: David

David — Mon, 18 Mar 2013 03:54:54 +0000

@Sol:of course Chase wants to pull your credit report. You cant transfer a credit limit from one bank to another.

@Nechama:pay off your debts and dont get into more and your credit will slowly repair itself

By: nechama

nechama — Sun, 17 Mar 2013 17:34:20 +0000

hi Dan,
do u have any suggestion for repairing credit?

By: josh

josh — Sun, 17 Mar 2013 16:19:29 +0000

when i apply for credit cards how long back do they look on my credit utilization? can i have big debts on my credit card & 1 or 2 months before applying for new card ill bring down the debt? or do they look over longer course of time what my utilization was? thanks!

By: sol

sol — Sun, 17 Mar 2013 16:00:28 +0000

@dan i have a bank of bank of america card with a 2500 credit limit and i want to transfer it to a chase freedom card. what number do i call? how do i do it? (every time i call they want to do a hard credit pull on my credit)

By: sol

sol — Sun, 17 Mar 2013 15:34:03 +0000

i have a bank of bank of america card with a 2500 credit limit and i want to transfer it to a chase freedom card. what number do i call? how do i do it?

By: Mottelleim

Mottelleim — Sun, 17 Mar 2013 07:11:43 +0000

Dan:
1) I recently got the amex gold business reward charge card for our new chabad house. Now, would having a CHARGE card affect at all (for the bad) my eligibility for another CDEDIT card?

2) if the answer about e is “no” then: now we also need a CREDIT card, is there any way to apply to 2 different credit cards at the same time with out neither of.them realizing you are applying to the other one. Ie: getting approved by both? Ty!

By: Dan

Dan — Sun, 17 Mar 2013 02:33:46 +0000

@DavieBoi: Correct, 60 days for a full, afterward it will be pro-rated. @Sushi: It can (though won't always) trigger a financial review.

By: Sushi

Sushi — Sun, 17 Mar 2013 02:31:40 +0000

Hey Dan,

“Prepaying a card before making a charge is not a good idea, especially with American Express.

Why??

Thanks!

By: DavieBoi

DavieBoi — Sat, 16 Mar 2013 01:05:48 +0000

Regarding the Platinum Amex…

I received the card (in the mail) on 1/7, immediately utilized my $200 airline credit to buy AA gift cards, paid the $450 annual fee, met the minimum spend requirement(amaon payment) w/in a couple days to receive the 100k points, transferred the points to US Airways (through points.com), called and closed the account on 1/25 and was issued a full ($450) refund of the annual fee. It was a nice 2.5 weeks.

But, I’m pretty sure you can get a full refund if card is cancelled w/in 60 days of it being issued to you. This has been the case with every other annual fee card I’ve cancelled.

By: Dan

Dan — Fri, 15 Mar 2013 01:54:21 +0000

@Yoni Rappaport: Thanks for chiming in! For someone who's into churning it's good to keep your utilization low so that they don't have to deal with waiting for their reports to be updated. Paying cards off early or using business cards helps a lot with that.

By: Yoni Rappaport

Yoni Rappaport — Fri, 15 Mar 2013 01:50:55 +0000

I am a mortgage broker and I deal with credit issues all the time. Although it is true that if you have a large payment when it’s being reported your score will go down, however when you need to use your credit score it can be easily rectified. You don’t need a good credit score all the time, only when you are looking for credit (mortgage, credit cards etc) when the creditor is pulling the report. I have plenty of people who come to me with a lower score because of high credit balance, and once it’s been paid off we notify the bureaus and the score jumps back up.
For people that pay off their credit cards in full every month then it doesn’t really matter, because they can always notify the bureaus when needed. However those people that aren’t capable of paying off it full then the business card is a great idea for them.
A low score is doesn’t mean the person has bad credit, what gives someone bad credit is bad history (lates, collection accounts, tax liens etc.) and for that you need to contact someone who fixes credit reports.

By: Dan

Dan — Fri, 15 Mar 2013 01:42:59 +0000

@Daniel: You're not going to find a number like that. It's a matter of trial and error. @Brian: Well done! @Jj: If you don't make income you should close the card down before they do. @james: Sorry, don't have experience with BOFA. Never heard of Chase doing that when you have the card already.