- Credit Cards - 3 Updates
| Beaver_Fever@live.com: Sep 01 11:23PM -0700 I am getting offers from Capital One, which I have no interest in, every few days but I can't get a Citi Thank You card. Why? |
| Michael Black <mblack@pubnix.net>: Sep 02 10:47AM -0400 > I am getting offers from Capital One, which I have no interest in, every > few days but I can't get a Citi Thank You card. Why? I had the impression Capitol One is aimed at people with little or no credit history, so they do things to make sure they won't lose out. So they require a deposit (I'm not sure how that works exactly) so they can always grab that money if the card user fails, or fairly low limits. I've never had a credit card, but apparently it's easier getting them if you have them. I remember a time I was getting junk mail, saying I was preapproved, but I never pursued it. I think they were basing that on where I lived. So apparently getting that first credit card can be troublesome, and likely more the older you get. One trick I read is to apply when you have a lot of money in your bank account, that might work best at your own bank. It makes sense, the money is there if they don't get paid. Store credit cards are supposed to be fairly easy to get, apply to one and keep it clean, and then apply for a more general one, you'll benefit from the good credit rating on the store card. Get your bank to issue one, with a small limit or however they work that "deposit" thing. Or maybe they will deal with you if you pay a fee. Then apparently you later apply for another card, and get a better limit. I was reading that's the way to go, the limited card doesn't magically improve over time, which I would have thought would be the case. We [ut some investment with a bank, my sister thinks maybe it's worth trying for me to get a credit card from them, since they have a fair amount of my money in that investment account. Maybe that does work, a bank you are already dealing with surely is in a better position to judge you than applying to some other party. Or apply for a Capitol One card, and take the limits for a while, then apply for a full card elsewhere. It's hard to follow all that goes on, you get more points there, you pay a monthly fee there, and then of course the rate you get charged for credit may vary. Michael |
| Beaver_Fever@live.com: Sep 02 11:31AM -0700 On Sunday, September 2, 2018 at 7:49:09 AM UTC-7, Michael Black wrote: > monthly fee there, and then of course the rate you get charged for credit > may vary. > Michael My only real credit card, which I have had for only about a year, is an American Express card. I am surprised how easy it was to get. I pay off the balance several times a week. The points are incredible with that. I have a Citi bank account for my Citi card. But I needed a Thank You card because Katy Perry is doing a show where you can only get tickets with that card. But there is always the chance only brokers with that card and destroy the secondary market but I would rather just buy the ticket. I don't really want any other card because I just put anything on Amex. For the points. Though inefficient I just started buying junk on Amazon and Newegg I needed because I can't think of anywhere I wanna go. |
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