Actually, if you're concerned about your credit rating, you DO want your credit line increased! Part of the computation is how much of your credit line are you utilizing. If your limit on that card is $5,000 and it's sitting in your drawer, you're using -0-% of your limit.
If you have another CC with a $5,000 limit and you charged $2,000, your use of your available line is 40% ($2,000/$5,000). With the new card, your use of your available line is now 20% ($2,000/$10,000) My understanding is that there will be 2 cards offered, 1 without a fee and the other with a fee.
And in the same vein, I'm wondering if there was this much angst when AGR switched over to Chase? My credit score is around 810; I don't think I am too worried about any huge hits to it.
Thats funny. My years paying their CC before I dumped them, I tried to find the option to pay with another bank could not find it. I even called CS to help me find. They told me that it was not possible. So unless something changed in the 1+ year since I stopped using them, I didn't have this option.
I suppose they could simply close the account and send you a bill for any remaining balance. Have you tried calling Chase and asking them to do whatever it is you prefer? I'm more than willing to criticize Chase for any legitimate screw ups, and maybe I'm just missing something that's obvious to you, but I honestly don't see this particular development as anything worth complaining about.
I did call Chase, and told them I didn't want the Freedom card. Their rep told me that I can't opt-out. I am getting a Freedom card, like it or not (isn't that complain-able here?).
It would be really interesting if they send you a Freedom Card even if you cancel the AGR Card today. Also, I don't see how they can prevent you from canceling the card whenever you want to do so, or for that matter not activating a card that you receive and canceling it without using it. I still don't get exactly what you are complaining about.
Absolutely! I've been paying BA online through my credit union for years. While everyone is entitled to their experiences and horror stories, I've banked with and had credit cards and multiple accounts with BofA for years and have always found them responsive and helpful. Plus one of their hidden benefits is the ability to have reciprocity with several foreign banks through their ATM's. This was particularly helpful in China when I used the China Construction Bank atm's.
If I cancel the my new Chase freedom card, the credit scoring computers will have trouble computing 0/0.Actually, if you're concerned about your credit rating, you DO want your credit line increased! Part of the computation is how much of your credit line are you utilizing. If your limit on that card is $5,000 and it's sitting in your drawer, you're using -0-% of your limit.
Simple. your credit score is the most important measure of your moral worth.
2007.
Agreed. Bernie Madoff and Kenneth Lay are likely to have excellent credit and thus, excellent moral worth.
That has its advantages as well. I've been a BOA (the original California BOA) customer since before NationsBank acquired it and then renamed itself BOA. Despite that, my account still uses the same Routing Number (Northern California BOA - SoCal had its own routing number as I understood it) and account number so no need to update anything. And even though we left California 18 years ago, it's still the same account (no forced to a local account as I believe some banks will do). I'm rarely in a branch but when I am, that it's not local has not been a problem.
My debit card (now Wells Fargo) shows me as customer since 1971, Legacy times, (some random thing
While what you say is true, in my case I opened my first account on my computer in my bedroom in RI. It said I had a VA account. My 2nd account was opened at my local branch - 2 miles from my house after BOA acquired Fleet Bank. It said I had a RI account. Why do I have to have accounts in 2 different states and I lived in only 1 and was only 2 miles away when I only lived from the now current branch before it was acquired? :huh: I did not drive the 600+ miles to VA just to open my account!
