Oy Vey. Apparently I have applied for too many credit cards the past two years. Not only did Chase deny me, but US Bank. Seriously. I'm not even a serious cc churner!
I have a score in the excellent range.
Ugh!
I really wanted to take advantage of the 5% utilities - esp since both our gas and electric budget billing have gone up, up, up!
I probably should close some of the cards and then just wait til January to try again. So annoying.
(dh's score won't qualify for either of the cards I want - though it's getting close.)
I'll just have to focus on bank bonuses for the next year or so.
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We're having our budget meeting tonight. One thing we'll need to discuss is whether or not we'll get a Costco or Sam's membership. Sam's is half of Costco's, and we have 4 Sam's vs 1 Costco. But I like Costco so much more.
In reality it may be better to do neither.
I see myself getting cat litter, oatmeal, bulk beans and spices ...at Costco. DH gas, meat products???
I pay $10/30lbs of cat litter at Petco and we go through around 60 - 70lbs/month
I get old fashioned oatmeal $2.29 for 32 oz at Aldi's or steal cut for $2.79 16oz. I go through a canister about every 6 - 8 weeks.
spices - I just paid $3.49 for 8 oz of turmeric at Walmart. That might last six weeks?
I'd only get there at most 1 x per month due to distance (20+ minute drive)
As for Sam's, there's one on my way home from work (sort of) so I could get gas there too more than 1 x a month.
You can get a refund on your membership if you find it's not working for you right? (Costco)
Too Many CCs
February 25th, 2018 at 09:22 pm
February 25th, 2018 at 10:35 pm 1519598130
February 26th, 2018 at 12:00 am 1519603209
February 26th, 2018 at 01:58 am 1519610318
February 26th, 2018 at 02:35 am 1519612530
February 26th, 2018 at 05:21 pm 1519665670
I am sure there is more to their formula (Chase) because they denied me and I hadn't even opened 5 cards! (For reference, I only opened 3 new credit cards in the past 24 months. I would not consider myself a "big churner" in the slightest). I think it's fair enough as to sign up bonuses and churning, but short-sighted as to cards with ongoing rewards. I always always always tell these credit card companies that I'd keep my cards open if they offered anything more than just a sign up bonus.
February 26th, 2018 at 05:23 pm 1519665817
February 26th, 2018 at 08:41 pm 1519677683
I agree there must be more to it. This Chase card would’ve been #4 in 2 years for any card and 3 for Chase.
I’m going to try us banks good graces and see what happens - it’s the one I’d prefer long term anyway.