[quote=CA renter]We’re also “deadbeats” who charge everything, and pay off our credit card every month. We have no other debt. We have not had any lines reduced, and there is a concerted effort by BofA (who issued cards that we haven’t used in years) to get us to transfer balances to their cards.
The volume of pre-approved cards is way down from the “free money for everyone” days, but we do still get them occasionally.
Good guess regarding them just wanting the deadbeats. Though they won’t make a ton of money off us, at least we are safe. It would be interesting to see what happens if we were to carry a balance for a month or two.
Which reminds me…remember how they used to offer a “payment free” month all the time during the credit bubble? I haven’t seen that now in years.[/quote]
What were these payment free months? You could skip a month or something? Hmmm. I never got these…darn, I miss out on all the fun…I just use to get 0 balance transfer deals and then I called and could negotiate a $0 transaction fee for doing it ( I never did it though).
Actually, by far my favorite CC company is American Express. Customer service just rocks. And probably people would be surprised, I like Citibank from a technology aspect (there customer service stinks). The virtual account numbers just kicks butt when you’re dealing with sketchy merchants. Also, I found their fraud detection systems are pretty responsive. When I charge something out of the normal pattern of when/how/how much I charge, I immediately get a call from them warning me of a potentially suspicious transaction.
I don’t get those credit card checks in the mail anymore. Namely, because I requested credit card companies to stop sending them to me, simply because if someone steals my credit card bill, the last thing I want is them to start cashing those in.
Also, I don’t receive credit card offers anymore since i requested from the 3 credit bureaus to opt out of credit offers.
That said, I don’t deny credit is probably being tightened significantly. Just seems like these banks/institutions are figuring out who they want and who to avoid, and it’s probably the criteria is the same for most of the companies. Some people probably will get miscategorized by accident. I just wonder if at all the credit reform bills will make things even worse (IE even make the tightening worse for people that the CC companies think are questionable)
