HeavySnarker

14 Contributions 313 People Helped Top Contributor

Member Since: June 2009

Most Helpful Contribution

What Is VantageScore 3.0?

Jan 26, 2015
Helpful to 252 out of 311 people

You're gravely mistaken if you ever thought CreditKarma gave out true FICO scores. It was always an estimate.

Activity (14 Total Contributions)

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What Is VantageScore 3.0?

Jan 26, 2015
Helpful to 252 out of 311 people

You're gravely mistaken if you ever thought CreditKarma gave out true FICO scores. It was always an estimate.

Discover it®

Jan 11, 2015
Very easy cash-back redemption
Helpful to 5 out of 5 people

This is among the best rewards cards. You get 1% cashback (CB) overall and 5% CB on rotating categories, including restaurants, gas, and holiday shopping. These are pretty decent categories, unlike ones given by Citibank's cards.

In addition, you can redeem cashback anytime starting at $0. Like Capital One, there are none of those ridiculous requirements to collect a certain amount of cash before redemption is available.

I use it in conjunction with my 2% CB Citibank Double Cash Rewards Card.

The Amex EveryDay® Credit Card from American Express

Jan 11, 2015
Excellent service, bad rewards
Helpful to 6 out of 7 people

It's a decent Amex card with no annual feee. It's accepted at most locations, but there are some places that don't allow it. The rewards only give about $0.60 per point, which equals about $60 per $10K spent.

The sign-up bonuses were good, but the overall cashback rewards are meager.

PROs:
- Excellent service

- You can buy event tickets ahead of time

- No annual fee

- Good sign up bonus. I received 1 years worth of Amazon Prime + 10K point, which is worth $60 or another year of Amazon Prime.

CONs:

- Not accepted at as many locations as VISA or MC. Some restaurants and government services don't accept payment from Amex

- Terrible rewards. I'm getting an average of about 0.6% CB instead of the 2% CB I get from my Citibank card.

- I also can't redeem the point directly as cash. I need to spend it on gift cards, stores, or by wiping out past purchases. It's a hassel.

Discover it®

May 18, 2016
Amazingly convenient; No hassles
Helpful to 2 out of 2 people

This is my favorite 5% rotating-category CB rewards card. Great categories. None of that minimum rewards for redemption BS found on other cards! It also provides a monthly FICO score. It's very convenient and lacks any major flaws.

What Is VantageScore 3.0?

Feb 01, 2015
Helpful to 2 out of 2 people

According to their website, only 6 out of 10 of the largest banks have used it, so it's far from industry-adopted.

On the other hand, it's in your best interest to root for its success because it's one of the few scores that has a chance of taking marketshare away from the FICO monopoly.

What Is VantageScore 3.0?

Jan 26, 2015
Helpful to 2 out of 2 people

Well this is surprising. Unlike everyone else here, my score only dropped 1 point between CK's earlier FAKO score and the current Vantage score 3.0.

On the other hand, it's still ~100 points lower than FICO 8 (3rd gen) scores provided by my Discover and Citibank cards. It's been over 2 years since CK's scores were anywhere near as high as my FICO scores.

Chase Freedom Unlimited®

May 18, 2016
Helpful to 3 out of 4 people

You gave them 1-star review just for that?. It's not their fault. Many credit card companies have a 5/24 rule now. It's pretty standard.

Trends by Domain

Apr 08, 2015
Helpful to 1 out of 1 people

You can pretty much predict every category based on the average age of users in that category.

What Is VantageScore 3.0?

Feb 01, 2015
Helpful to 1 out of 1 people

You bring up good points.

One explanation is that we're probably seeing a huge amount of reporting bias in the comments. Users who notice a large score change will understandably be upset and visit this thread.

Users who don't notice much of any score change probably won't have realized that the algorithm has changed.

Citi® Double Cash Card

May 18, 2016

Just look at their ugly and useless website. These guys don't know technology.

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