Credit Cards

[Beaver...@live.com]

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]

On Sat, 1 Sep 2018, Beaver...@live.com wrote:

> 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...@live.com]

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.

[gggg...@gmail.com]

On Saturday, September 1, 2018 at 11:24:02 PM UTC-7, Beaver...@live.com wrote:
> 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?

https://www.msn.com/en-us/money/credit/warren-buffett-warns-against-carrying-a-credit-card-balance/ar-BB142cWC

[gggg...@gmail.com]

On Saturday, September 1, 2018 at 11:24:02 PM UTC-7, Beaver...@live.com wrote:

> 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?

https://www.cnbc.com/select/best-no-fee-credit-card-fair-or-average-credit/