Comments on CreditMattersBlog.com: Open Thread -- Open Topic/Off Topic

...that was a real great site..and now its abandon...

2010-07-14T00:32:53.923-04:00

...that was a real great site..and now its abandoned..:)

Credit Karma uses TransUnion.

2010-06-17T21:36:17.711-04:00

Credit Karma uses TransUnion.

There are 3 different credit scores. Which one doe...

2010-06-13T01:47:04.838-04:00

There are 3 different credit scores. Which one does credit karma use for their display?

Anon, please shoot me an email at plastic101@gmail...

2009-08-03T16:58:26.707-04:00

Anon, please shoot me an email at plastic101@gmail.com. I will give you the contact information for someone at AmEx who will help you out.

I was an AMEX customer for 22 years. I could do a ...

2009-08-03T13:59:28.368-04:00

I was an AMEX customer for 22 years. I could do a testimonial for them. They have taken care of any disputes, have a great warranty program, given me airline miles, called me about unusual purchases and even if I was late and not reported it. I had most recently a Gold and Platinum Card. I used the Gold to access an account to obtain small amounts of cash occasionally but one day evidently at the

Congrats to your daughter. Excellent. See ya on T...

2009-06-25T11:46:22.542-04:00

Congrats to your daughter. Excellent.

See ya on Twitter.

Gotcha! Am already following you but haven't been...

2009-06-25T11:19:47.692-04:00

Gotcha! Am already following you but haven't been using my Twitter account. Will do so now.
Also, doing quite well. Our daughter was just accepted into the Architecture School at UT Knoxville! We are super proud parents!
Thanks for saying hi!

HBB, hope you're doing well! I've been using my Tw...

2009-06-25T10:45:05.024-04:00

HBB, hope you're doing well! I've been using my Twitter account to disseminate information.

I broke the Chase biz news on June 5 (right here in the OT thread) -- regarding 5% minimums. I mentioned the personal Chase cards just yesterday on Twitter.

You should follow me on Twitter. I don't have time for full-time blog entries, but I've had a little time to

Obi Wan! Where are you? (My new nickname for you...

2009-06-25T10:40:57.064-04:00

Obi Wan! Where are you? (My new nickname for you, knowing you are gone but watching from afar!) Are you listening to the disturbance in the force?
Specifically, Chase raising minumum payments from 2% to 5% of balances beginning with statements that include August 1, 2009.
I'm having to read other blogs to get my information and it's just not the same. :-(
Could this

Az, I still have not received anything about a cha...

2009-06-05T13:29:42.836-04:00

Az, I still have not received anything about a chance to my Freedom card. Crazy, eh?

I am not pleased with the direction that Chase is going. You saw my previous post about fees and percentages. And it sucks that Chase is watering down its rewards structure. I've given my Chase Freedom card a lot of use. I guess I'll be moving my purchases to Penfed if Chase sends me that

I finally got around to converting to the Chase Fr...

2009-06-05T13:04:46.935-04:00

I finally got around to converting to the Chase Freedom card last week and got placed in the Ultimate Rewards program (another fine example of Chase's euphemism).

I'd never thought I'd say this, but even WaMu's version of 1% cashback rewards program WAS miles better than Chase's equivalent of what is now essentially the same program.

I also got Chase&

Heads up, Chase Biz card holders: look for rising ...

2009-06-05T10:17:22.181-04:00

Heads up, Chase Biz card holders: look for rising balance transfer fee (5%). Chase also upping its min. periodic finance charge to $1.50.

Couple more Chase biz card tidbits: Effective immediately, no more non-promo balance transfers. Also raising min. fee to $15 for each BT.

Finally, Chase biz cards cutting back on cash as a percentage of credit limit to 10%.

My

New Rewards Program for Chase Credit Cards http:/...

2009-06-04T10:44:19.277-04:00

New Rewards Program for Chase Credit Cards

http://online.wsj.com/article/SB124408382936084065.html

Study: Credit cards don't increase spending http:...

2009-05-22T12:27:52.147-04:00

Study: Credit cards don't increase spending

http://www.creditcards.com/credit-card-news/study-credit-cards-dont-increase-spending-1276.php

From a reader (in another thread): I believe Amex...

2009-05-21T10:16:09.391-04:00

From a reader (in another thread):

I believe Amex intentionally stopped mailing me my statements, in an attempt to make me miss a payment. They got me with my Blue card, I missed by one day, but they refunded me the late payment charge. Now this month I almost missed the due date on my Platinum, because I did not receive a statement, but I paid it on time.

Keep an eye on

I think it was a good time. Ha!

2009-05-19T21:17:55.287-04:00

I think it was a good time. Ha!

Marcus, in a way, you picked a good time and a bad...

2009-05-19T21:09:02.157-04:00

Marcus, in a way, you picked a good time and a bad time to leave credit blogging. LOL

Not sure I'd be willing to pay a bunch of AF's to ...

2009-05-19T15:18:00.000-04:00

Not sure I'd be willing to pay a bunch of AF's to keep my FICO in tip-top shape. Hopefully I will have my house by then.

Would also be interesting to see the impact of FIC...

2009-05-19T11:46:00.000-04:00

Would also be interesting to see the impact of FICO. Could you imagine a large portion of our society ditching cards altogether? Years from now, many would have thin credit histories.

Hey, whatever. I'll use whatever they'll take.

2009-05-19T11:36:00.000-04:00

Hey, whatever. I'll use whatever they'll take.

Or pebbles and shells.

2009-05-19T11:35:00.000-04:00

Or pebbles and shells.

And, yes, I agree with azntg. This is a scare tact...

2009-05-19T11:30:00.000-04:00

And, yes, I agree with azntg. This is a scare tactic. Card issuers aren't going to slap annual fees on all of the cards. Those who pay in full each month would very likely just ditch the cards. Good bye merchant fees.

But then, the banks would likely find a way to make up for that loss by increasing fees on debit-card use.

Maybe checks and cash will make a comeback.

And face it, with interest rates this low (our ban...

2009-05-19T11:20:00.000-04:00

And face it, with interest rates this low (our bank accounts are paying out paltry rates), it's not as though we're making much from the extra time that our money sits in the bank. Using credit cards allows us to keep our money in the bank longer. Doesn't really amount to much these days.

Talk to me later, though, when deposit rates climb. Maybe I'll change my tune.

CM, same here.

2009-05-19T11:18:00.000-04:00

CM, same here.

azntg, I can't wait to see what happens after this...

2009-05-19T11:07:00.000-04:00

azntg, I can't wait to see what happens after this legislation is passed. Unless the industry starts assessing fees across the board, this is a non starter. Most cartels fail because members of the cartel cheat. It just takes a few people to go against the grain. If Chase assesses fees on all of its cards, and Citibank doesn't, where do you think all of the business will go? These lenders can't