mpk218 Posted December 10, 2008 #1326 Share Posted December 10, 2008 Dont cancel . at least until you are through the house deal. A closed acct can cuase a point drop in your credit score. Not end of the world stuff , just wait. mk Link to comment Share on other sites More sharing options...
Preds Posted December 10, 2008 #1327 Share Posted December 10, 2008 Your FICO score will be negatively impacted by closing available credit (thus reducing your debt to credit ratio). Also, the longer you have a credit line the better it is according to FICO. I have a citi card with over 20 years of history, I never use it, but if I closed the account, it would have a significant impact on my score. Instead I recommend to consolidate newer lines into older accounts if they share the same bank and you want to reduce the number of cards you have. Also, if this is your only credit card, do not close it and leave yourself with no revolving credit, that will also negatively impact your score. Link to comment Share on other sites More sharing options...
*Wink* Posted December 10, 2008 #1328 Share Posted December 10, 2008 Leasve it open with a zero balance...when you go to purchase another home it will reflect well on your credit report (score) because your amount of "available" credit is higher and your debt/credit ratio looks better. If you pay all balances off every month then perhaps it won't affect the score because then it's a "zero/debt to "whatever credit available balance" anyway....but me. I'd keep it open JMHO... Good advice. Just to give a heads up to you credit card jugglers (like me.) I had a Chase credit card that had a credit limit of $19,500 but I haven't used it in 2 years. They cancelled it on me without a notice stating that since it hadn't been used in so long, they decided to close the account. That was my highest limit, which is a card you should keep open. Moral to this story, charge something if you want to keep your card open. I knew that advice, but didn't heed it. Banks are closing cards left and right. Link to comment Share on other sites More sharing options...
chezbo99 Posted December 11, 2008 #1329 Share Posted December 11, 2008 I just had a credit card cancelled yesterday for 24 months nonuse, too! That's the first time this ever happened to me---maybe something with credit card companies trying to reduce how much they could potentially go into debt? Do you think my credit score will be negatively impacted even though the company closed it? Link to comment Share on other sites More sharing options...
*Wink* Posted December 11, 2008 #1330 Share Posted December 11, 2008 I just had a credit card cancelled yesterday for 24 months nonuse, too! That's the first time this ever happened to me---maybe something with credit card companies trying to reduce how much they could potentially go into debt? Do you think my credit score will be negatively impacted even though the company closed it? If it was the credit card with your highest limit, then it could "perhaps" affect your credit score.. But I doubt it. Hopefully the big 3 credit companies are taking into account that WE are not the ones closing the accounts! Link to comment Share on other sites More sharing options...
KINGBOBOFTHENORTH Posted December 11, 2008 #1331 Share Posted December 11, 2008 And for those of you wondering: Yes! The new program is far superior to the old Compass Rewards program. With the old program $30k in spending would get you $500 off your cruise. With the NEW and IMPROVED program, you now get FOUR tickets to see Smuckers on Ice. Which would you rather have??? Hmmm, very tempting! Here's a question for you: If you call and request your certificates now, will they still have the extended expiration date of 2010, or will they reflect the regular "year from the date of issue"? I'm now just over my 500 points, but I don't want to call and request them if they will be need to be used in a year. If you request certificates now, they will almost for sure have the 1 year expiration on them. Those that get automatically issued at the end of the program will have the 2-year expiration. BobK/Orlando Link to comment Share on other sites More sharing options...
EmmasNana Posted December 11, 2008 #1332 Share Posted December 11, 2008 Hey you guys, I just pulled up ncl.com. It has world points info...I thought I would quickly post this....I'm off to go read.... Link to comment Share on other sites More sharing options...
EmmasNana Posted December 11, 2008 #1333 Share Posted December 11, 2008 Well I gave it a quick look over...:mad::mad::mad:....I guess we all knew the party was over. Link to comment Share on other sites More sharing options...
Preds Posted December 11, 2008 #1334 Share Posted December 11, 2008 (edited) Sigh, the Worldpoints program is about as bad as we expected. 5,000 $50 on–board credit 10,000 Up to a 2–category upgrade on a 7–day cruise 10,000 $100 on-board credit 10,000 $100 off any cruise 20,000 Up to a 4–category upgrade on a 7-day cruise 20,000 $200 off any cruise 25,000 $250 on-board credit 50,000 $500 off any cruise 50,000 $500 on-board credit 100,000 $1000 on-board credit 3- or 4–day Bahamas cruise for two: 70,000 Inside Stateroom 90,000 Outside Stateroom 25,500 Balcony Stateroom 60,000 3rd – 8th additional guest 7-day Caribbean or Mexican Riviera cruise for two: 157,900 Inside Stateroom 227,900 Outside Stateroom 137,900 Balcony Stateroom 40,000 3rd – 8th additional guest Terrible value as compared to Compass Rewards. Oh well. Edited December 11, 2008 by Preds Link to comment Share on other sites More sharing options...
MSUcruisers Posted December 11, 2008 #1335 Share Posted December 11, 2008 $50 on–board credit-5,000 points Up to a 2–category upgrade on a 7–day cruise-10,000 points $100 on-board credit-10,000 points $100 off any cruise-10,000 points Up to a 4–category upgrade on a 7-day cruise-20,000 points $200 off any cruise-20,000 points $250 on-board credit -25,000 points $500 off any cruise-50,000 points $500 on-board credit-50,000 points $1000 on-board credit-100,000points Link to comment Share on other sites More sharing options...
Preds Posted December 11, 2008 #1336 Share Posted December 11, 2008 (edited) As expected, the Worldpoints program blows. I'll be consolidating down to one card and probably then change that card to a different program with BOA (though they all pretty much suck now). BOA/NCL just lost $165k+ in annual charges from my business. That $165k used to net me $5k in Compass Rewards points per year. Now it'd get me a measly $1,650 or an outside Caribbean or Mexican Riviera cruise (woo hoo). They gutted the value of the program by 2/3s. Most of my CC charging has already moved over to the Starwood and Hilton Hhonors AMEX's. I'm going to explore some cash back cards like the Schwab Visa which gives 2% cash back into a Schwab brokerage account, which you can later cash out fairly easily I believe. Edited December 11, 2008 by Preds Link to comment Share on other sites More sharing options...
c breeze Posted December 11, 2008 #1337 Share Posted December 11, 2008 Sigh, the Worldpoints program is about as bad as we expected. Terrible value as compared to Compass Rewards. Oh well. What is the link where this info is posted? This is just like all their other cruise cards. Bye, bye BOA! Link to comment Share on other sites More sharing options...
Preds Posted December 11, 2008 #1338 Share Posted December 11, 2008 What is the link where this info is posted? This is just like all their other cruise cards. Bye, bye BOA! http://www.ncl.com/nclweb/cruiser/cmsPages.html?pageId=WorldPoints Link to comment Share on other sites More sharing options...
c breeze Posted December 11, 2008 #1339 Share Posted December 11, 2008 http://www.ncl.com/nclweb/cruiser/cmsPages.html?pageId=WorldPoints Thank you. So let's recap: Right now, we can earn $500 off any NCL cruise by charging $16,666 to our Compas Rewards card. As of January 1, 2009, with tne " exciting, new and improved" World Points program, we can earn $500 off any NCL cruise by charging $50,000 to our World Points card. So, unless you cruise on NCL a lot - several times a year - and can earn double ponts on those cruises, why would anyone want this card??? If a card is basically offering 1% rewards, then doesn't make sense to just use cash back cards? Has anyone found a card that offers more than 1% travel rewards, and allows you to use those points on ANY cruise line for any cruise? It looks like Amex Blue Sky provides this flexiblity but still earns 1% (plus the bonus for sign-up), but Amex is not accepted everywhere. HAS ANYONE FOUND A MASTERCARD OR VISA THAT OFFERS MORE THAN 1% IN TRAVEL REWARDS, AND ALLOWS YOU TO USE THOSE POINTS FOR ANY CRUISE LINE FOR ANY CRUISE? I am not interested in using points for hotel stays, car rentals, or airline tickests. Link to comment Share on other sites More sharing options...
Preds Posted December 11, 2008 #1340 Share Posted December 11, 2008 Thank you. So let's recap: Right now, we can earn $500 off any NCL cruise by charging $16,666 to our Compas Rewards card. As of January 1, 2009, with tne " exciting, new and improved" World Points program, we can earn $500 off any NCL cruise by charging $50,000 to our World Points card. So, unless you cruise on NCL a lot - several times a year - and can earn double ponts on those cruises, why would anyone want this card??? If a card is basically offering 1% rewards, then doesn't make sense to just use cash back cards? Has anyone found a card that offers more than 1% travel rewards, and allows you to use those points on ANY cruise line for any cruise? It looks like Amex Blue Sky provides this flexiblity but still earns 1% (plus the bonus for sign-up), but Amex is not accepted everywhere. HAS ANYONE FOUND A MASTERCARD OR VISA THAT OFFERS MORE THAN 1% IN TRAVEL REWARDS, AND ALLOWS YOU TO USE THOSE POINTS FOR ANY CRUISE LINE FOR ANY CRUISE? I am not interested in using points for hotel stays, car rentals, or airline tickests. The Charles Schwab Signature VISA is a card I'm seriously considering. https://investing.schwab.com/secure/cc/products/banking_lending/credit_card?cmsid=P-2013298&lvl1=products&lvl2=banking_lending& It gives 2% cash back into a SchwabOne Brokerage account (which I already have). You can then transfer the cashback into the Schwab HY Checking and do with it what you want. Plus according to posts on FlyerTalk, like Capital One, it has no foriegn transaction fees... which can save you 2-4% on purchases made outside the US. It's still not the 3-4% we used to get on NCL, but 2% back on all purchases is the best I've seen so far. Link to comment Share on other sites More sharing options...
OceanDreaming2 Posted December 11, 2008 #1341 Share Posted December 11, 2008 Capital One has a No Hassle Miles Ultra MasterCard for Professionals. It has a $39.00 annual fee, but it pays 2 points for every dollar spent. Points never expire and for 100 grand placed on the card - you would get a 2,000.00 credit towards a cruise. Link to comment Share on other sites More sharing options...
c breeze Posted December 11, 2008 #1342 Share Posted December 11, 2008 Capital One has a No Hassle Miles Ultra MasterCard for Professionals. It has a $39.00 annual fee, but it pays 2 points for every dollar spent. Points never expire and for 100 grand placed on the card - you would get a 2,000.00 credit towards a cruise. Yes, I actually made a previous post about this card myself, but then someone else posted that this offer was withdrawn..... I will look into it myself to see if the offer is still available, because that looked like the best option of all, even with the fee. Link to comment Share on other sites More sharing options...
OceanDreaming2 Posted December 11, 2008 #1343 Share Posted December 11, 2008 (edited) Yes, I actually made a previous post about this card myself, but then someone else posted that this offer was withdrawn..... I will look into it myself to see if the offer is still available, because that looked like the best option of all, even with the fee. I think I was the one who posted about a previous CapitalOne card being withdrawn (it gave you 3 points instead of 2). I just applied for this card. My materials should be arriving within the next 7-10 days. I also read you could ask them to waive the $39 annual fee. Edited December 11, 2008 by OceanDreaming2 Link to comment Share on other sites More sharing options...
c breeze Posted December 11, 2008 #1344 Share Posted December 11, 2008 I think I was the one who posted about a previous CapitalOne card being withdrawn (it gave you 3 points instead of 2). I just applied for this card. My materials should be arriving within the next 7-10 days. I also read you could ask them to waive the $39 annual fee. Thanks! This may be the one for me!!! They also have one without an annual fee, but you earn 2 points for each dollar of monthly purchases ABOVE $500 AND .05 POINTS PER DOLLAR ON ALL OTHER PURCHASES. That means that $12,000/ year earns 1% instead of 2%, so that means you get $120 less in value per year, minus the $39 fee, means that you would get $81 less per year this way, but it is still much better than most of the other cards out there! Link to comment Share on other sites More sharing options...
OceanDreaming2 Posted December 11, 2008 #1345 Share Posted December 11, 2008 (edited) I think I was the one who posted about a previous CapitalOne card being withdrawn (it gave you 3 points instead of 2). I just applied for this card. My materials should be arriving within the next 7-10 days. I also read you could ask them to waive the $39 annual fee. I'll be using our BOA card yet this month. Just 30 points to go til we reach the 1,000 point mark. Might make a payment towards our PC cruise. That'll help out a lot! Thanks to everyone who suggested the coin purchase. Those 75 extra points came in very handy! We received $1000 last week and another $1500 yesterday. Think I'll have DH take that box to the bank. It's heavy!!! :eek: BTW, when I took the $1000 to the bank last weekend, the teller thought it was COOL! She loved the little trays the coins came in and offered to take the small boxes home to burn in their stove. :p Edited December 11, 2008 by OceanDreaming2 Link to comment Share on other sites More sharing options...
c breeze Posted December 11, 2008 #1346 Share Posted December 11, 2008 I'll be using our BOA card yet this month. Just 30 points to go til we reach the 1,000 point mark. Might make a payment towards our PC cruise. That'll help out a lot! Thanks to everyone who suggested the coin purchase. Those 75 extra points came in very handy! We received $1000 last week and another $1500 yesterday. Think I'll have DH take that box to the bank. It's heavy!!! :eek: BTW, when I took the $1000 to the bank last weekend, the teller thought it was COOL! She loved the little trays the coins came in and offered to take the small boxes home to burn in their stove. :p We too will be using our BOA card until at least Christmas. We are a few hundred short of our max of $8,333 for this month, and our billing date is mid month. We will definitlely have the max by that cutoff. Then we will need an additional 103 points or $3433 before the end of the year. As soon as the new billing cycle starts, we will put my son's spring semester rent ($2800) and a quarter of his spring tuition on the card, and then we should be at the 1,000 point level. Of course there will be a charge to put those items on the card now, but it will still be worth it, and I cannot find anything else to purchase that week, other than more (oh, no...) grocery gift cards to use in 2009. Besides these items are due now anyway. After that I will change all charges over to our new card... which will most likely be a Capital One card. My bank was not as happy about my two coin deposits... I think it caused the teller some additional work! Link to comment Share on other sites More sharing options...
Warbird Posted December 11, 2008 #1347 Share Posted December 11, 2008 My bank was not as happy about my two coin deposits... I think it caused the teller some additional work! Was anybody successful in obtaining a double order? :) Thanks, John Link to comment Share on other sites More sharing options...
c breeze Posted December 11, 2008 #1348 Share Posted December 11, 2008 Was anybody successful in obtaining a double order? :) Thanks, John I did not try a double order. I ordered $3,000 (one president was not available, or I would have ordered $3,500) and they sent them in two seperate shipments of $1,500. Maybe someone else was successful with two orders. Link to comment Share on other sites More sharing options...
OceanDreaming2 Posted December 11, 2008 #1349 Share Posted December 11, 2008 Was anybody successful in obtaining a double order? :) Thanks, John I'm pretty sure Sea Hound did. Check back about 10-15 pages for the details. Link to comment Share on other sites More sharing options...
lumofny Posted December 11, 2008 #1350 Share Posted December 11, 2008 Was anybody successful in obtaining a double order? :) Thanks, John I've purchased close to $50,000 of these coins through the Mint and havent had any issues yet. My next cruise is paid for entirely due to the purchasing of them. :) Link to comment Share on other sites More sharing options...
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