rates moving up fast

[JustLurking]

I think flu is right. I am another 0 balance person. Between business and personal credit cards, I have substantial credit available and not one card has cut my limit. I have never carried a balance. I get cash advance checks with every credit card bill. I still get “preapproved” credit card offers in the mail regularly. Banks don’t make much money off of me, but I am “safe”.

I think credit NEEDS to be tightened. People need to stop spending money they don’t have.

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[sdnerd]

As someone else said – the merchant fees add up. The no balance person who does a ton of high dollar transactions is a super low risk profitable customer.

I fit that category w/ personal and business expenses, and I’ve had no reductions in credit with AMEX. Every couple of months they automatically bump my limit for no apparent reason – I suspect that’s automated in some manner since I’m not asking or using it.

What I have noticed however is a *drastic* decrease in the number of 0%, balance transfer, etc card offers in the mail. I used to get a stack full in the mail each week.. and to be honest I can’t even remember the last time I got one. Although that’s probably a good thing those aren’t going out as frequently… 🙂

[temeculaguy]

Rt.66, I’m suprised it’s taken BofA since 1991 to piss you off, I’ve left them angry a few times in my life. I didn’t return on purpose, it just seemed that over the decades they would buy the bank I switched to and there I am again, too lazy to switch until they piss me off again.

I thought I was free by switching all my business to credit unions and online banks years ago but low and behold I got a letter in the mail recently informing me that BofA bought my mortgage, hooooraaaay!!! There’s not a damn thing I can do about it either, great.

Not sure if this means anything but after reading some of these posts I decided to check my available credit for the card I use the most. Like many others, i use it alot because I like the flymiles and then pay it off each month (I’m a freebie junkie). It hasn’t changed, yet, but it’s at a credit union. It’s also curiously matches (within a few hundred)the amount of a money market account that it is tied to for overdraft and that i transfer funds from to pay it off. It has a zero balance now but if I were to max it out, it matches the deposit account, I wonder if I moved 5k out of that deposit account to another institution if they would lower my available credit by the same amount? Maybe, maybe not, but it is supicious that the amount of risk they are taking is the same as the collateral I am providing. I guess it is smart on their part, but is that really “credit.” It could also be a coincidence.

I never get those cash advance checks in the mail anymore and seem to get less credit card offers. I get a hell of a lot less “refi and consolodate your bills” offers in the mail. I think there is a change afoot, there is less credit available, the tightening is real. If it has touched piggies, even mildly, with how conservative we are fiscally, I’d imagine it’s really hitting the loosey goosey spenders out there.

[temeculaguy]

Rt.66, I’m suprised it’s taken BofA since 1991 to piss you off, I’ve left them angry a few times in my life. I didn’t return on purpose, it just seemed that over the decades they would buy the bank I switched to and there I am again, too lazy to switch until they piss me off again.

I thought I was free by switching all my business to credit unions and online banks years ago but low and behold I got a letter in the mail recently informing me that BofA bought my mortgage, hooooraaaay!!! There’s not a damn thing I can do about it either, great.

Not sure if this means anything but after reading some of these posts I decided to check my available credit for the card I use the most. Like many others, i use it alot because I like the flymiles and then pay it off each month (I’m a freebie junkie). It hasn’t changed, yet, but it’s at a credit union. It’s also curiously matches (within a few hundred)the amount of a money market account that it is tied to for overdraft and that i transfer funds from to pay it off. It has a zero balance now but if I were to max it out, it matches the deposit account, I wonder if I moved 5k out of that deposit account to another institution if they would lower my available credit by the same amount? Maybe, maybe not, but it is supicious that the amount of risk they are taking is the same as the collateral I am providing. I guess it is smart on their part, but is that really “credit.” It could also be a coincidence.

I never get those cash advance checks in the mail anymore and seem to get less credit card offers. I get a hell of a lot less “refi and consolodate your bills” offers in the mail. I think there is a change afoot, there is less credit available, the tightening is real. If it has touched piggies, even mildly, with how conservative we are fiscally, I’d imagine it’s really hitting the loosey goosey spenders out there.

[temeculaguy]

Rt.66, I’m suprised it’s taken BofA since 1991 to piss you off, I’ve left them angry a few times in my life. I didn’t return on purpose, it just seemed that over the decades they would buy the bank I switched to and there I am again, too lazy to switch until they piss me off again.

I thought I was free by switching all my business to credit unions and online banks years ago but low and behold I got a letter in the mail recently informing me that BofA bought my mortgage, hooooraaaay!!! There’s not a damn thing I can do about it either, great.

Not sure if this means anything but after reading some of these posts I decided to check my available credit for the card I use the most. Like many others, i use it alot because I like the flymiles and then pay it off each month (I’m a freebie junkie). It hasn’t changed, yet, but it’s at a credit union. It’s also curiously matches (within a few hundred)the amount of a money market account that it is tied to for overdraft and that i transfer funds from to pay it off. It has a zero balance now but if I were to max it out, it matches the deposit account, I wonder if I moved 5k out of that deposit account to another institution if they would lower my available credit by the same amount? Maybe, maybe not, but it is supicious that the amount of risk they are taking is the same as the collateral I am providing. I guess it is smart on their part, but is that really “credit.” It could also be a coincidence.

I never get those cash advance checks in the mail anymore and seem to get less credit card offers. I get a hell of a lot less “refi and consolodate your bills” offers in the mail. I think there is a change afoot, there is less credit available, the tightening is real. If it has touched piggies, even mildly, with how conservative we are fiscally, I’d imagine it’s really hitting the loosey goosey spenders out there.

[temeculaguy]

Rt.66, I’m suprised it’s taken BofA since 1991 to piss you off, I’ve left them angry a few times in my life. I didn’t return on purpose, it just seemed that over the decades they would buy the bank I switched to and there I am again, too lazy to switch until they piss me off again.

I thought I was free by switching all my business to credit unions and online banks years ago but low and behold I got a letter in the mail recently informing me that BofA bought my mortgage, hooooraaaay!!! There’s not a damn thing I can do about it either, great.

Not sure if this means anything but after reading some of these posts I decided to check my available credit for the card I use the most. Like many others, i use it alot because I like the flymiles and then pay it off each month (I’m a freebie junkie). It hasn’t changed, yet, but it’s at a credit union. It’s also curiously matches (within a few hundred)the amount of a money market account that it is tied to for overdraft and that i transfer funds from to pay it off. It has a zero balance now but if I were to max it out, it matches the deposit account, I wonder if I moved 5k out of that deposit account to another institution if they would lower my available credit by the same amount? Maybe, maybe not, but it is supicious that the amount of risk they are taking is the same as the collateral I am providing. I guess it is smart on their part, but is that really “credit.” It could also be a coincidence.

I never get those cash advance checks in the mail anymore and seem to get less credit card offers. I get a hell of a lot less “refi and consolodate your bills” offers in the mail. I think there is a change afoot, there is less credit available, the tightening is real. If it has touched piggies, even mildly, with how conservative we are fiscally, I’d imagine it’s really hitting the loosey goosey spenders out there.

[temeculaguy]

Rt.66, I’m suprised it’s taken BofA since 1991 to piss you off, I’ve left them angry a few times in my life. I didn’t return on purpose, it just seemed that over the decades they would buy the bank I switched to and there I am again, too lazy to switch until they piss me off again.

I thought I was free by switching all my business to credit unions and online banks years ago but low and behold I got a letter in the mail recently informing me that BofA bought my mortgage, hooooraaaay!!! There’s not a damn thing I can do about it either, great.

Not sure if this means anything but after reading some of these posts I decided to check my available credit for the card I use the most. Like many others, i use it alot because I like the flymiles and then pay it off each month (I’m a freebie junkie). It hasn’t changed, yet, but it’s at a credit union. It’s also curiously matches (within a few hundred)the amount of a money market account that it is tied to for overdraft and that i transfer funds from to pay it off. It has a zero balance now but if I were to max it out, it matches the deposit account, I wonder if I moved 5k out of that deposit account to another institution if they would lower my available credit by the same amount? Maybe, maybe not, but it is supicious that the amount of risk they are taking is the same as the collateral I am providing. I guess it is smart on their part, but is that really “credit.” It could also be a coincidence.

I never get those cash advance checks in the mail anymore and seem to get less credit card offers. I get a hell of a lot less “refi and consolodate your bills” offers in the mail. I think there is a change afoot, there is less credit available, the tightening is real. If it has touched piggies, even mildly, with how conservative we are fiscally, I’d imagine it’s really hitting the loosey goosey spenders out there.

[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.

[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.

[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.

[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.

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