Comments on: Chase Amazon Visa Card Is Getting Better

By: Visas

Visas — Wed, 06 Apr 2011 08:48:40 +0000

I’ve read some good stuff here. Definitely worth bookmarking for revisiting.

By: Gary

Gary — Fri, 22 Jan 2010 16:57:32 +0000

I found the upgrade annoying. They are constantly putting stops on my card to make me call and verify purchases – ALWAYS legit charges. Very annoying. One time, when I was verifying the charge I was trying to make, the telephone agent when through my history and asked about some gas station charge I didn’t recognize – not that I can remember off the top of my head every gas station I visit. Poof! He cancelled my card and issued a new one against my will. Major inconvenience, because I have that card paying several autopays. Then a few months later, the goofs send me this “upgraded” card with a new expiration date. I called and said I don’t want it. They said, tough, that’s your card now, but promised they would still run charges with the old expiration date. Guess what I’ve been doing all morning. Fixing charges that were stopped because of the old expiration date. If you are getting a new card, think twice before using Chase.

By: SavingEverything

SavingEverything — Tue, 01 Sep 2009 04:25:44 +0000

One source is here; http://www.thesunsfinancialdiary.com/personal-finance/credit-card-with-no-pre-set-limit-is-it-bad/
or here, which can also lead you to search more recent forum of information on topic at http://ficoforums.myfico.com/fico/board/message?board.id=creditcard&thread.id=171620

Maybe i misunderstanding and ymmv: For Chase, US Bank, and FIA (Bank of America) credit cards with NPSL that I have, they do not report my revolving line limit to the credit bureaus. Instead, they report only the actual balance that I have revolving from each month to month. For example, my US Bank FlexPerks Rewards Visa Signature card statements always show that I have a revolving line of $6000 limit. My most recent statement says the revolving line limit is $5427, with a balance due of $572.89. My Experian report shows that I have a revolving line with my USBank Visa Signature credit card in amount of $573. There is no information supplied for the credit lines; it just says NA.

By: Tim

Tim — Sun, 30 Aug 2009 10:38:26 +0000

@SavingEverything, where are you getting that info? Cards with no preset spending limits do report a credit limit to the agencies, because the cards do in fact have a credit limit of sorts. It is called the “revolving line”, which acts as a credit limit in order to maintain good standing. the no preset spending limit is a temporary surge credit which you have to repay the difference above the revolving line limit in order to maintain good standing.

I too like the amazon chase. as with everything branded, it is really only worth getting if you buy things routinely on amazon; otherwise, it is basically a 1% cash credit you can only spend at amazon. i don’t use ours unless i’m spending on amazon, because it isn’t worth it otherwise.

By: DT

DT — Mon, 24 Aug 2009 17:22:32 +0000

I use my PenFed Visa for all gas purchases. The card has 5% discount for gas, but this is not cash back, they credit your account once a month with your rewards.