ON MY MIND
I started doing a “rant” post by adding the titles of some credit card related posts (so many) I saw over the weekend and writing what’s on my mind. Well, it just got away from me as more and more keep coming. It’s insanity, pure and simple! And some practices totally disgust me…
I fly to Vegas tomorrow. It is 1.30 am Monday night and still not done with this Buzz post. I had a late start tonight after playing a soccer double header game…I am beat up.
Sorry I could not get to all the April 6 Buzz post comments. I will do so eventually.
Expect lighter posting schedule all this week.
I was contacted by Inside Flyer, they really liked one paragraph from my review and want to publish it in an upcoming magazine issue.
Looks like the move to WordPress will happen the weekend of May 18-20. Anyone know how to port over the pictures along with the text from Blogger to WordPress? I am going very light on pictures from now until the move.
I am not even editing this until tomorrow, need some sleep before packing!
While we know of the Frequent Flyer University and Chicago Seminars events, Dan at DansDeals quietly managed to get 450 attendees at two seminars! Probably more suited to an advanced level of miles/points addicts.
Travel Summary has a guest post titled “Refinancing While Churning Credit Cards: 10 Lessons Learned“. Well, those 10 lessons were excellent, here they are:
- Even though signing up for credit cards is fun, it’s more important to stay on top of other aspects of your finances like your mortgage and retirement savings.
- The more money being financed, the more scrutiny there is. Mortgages are much more rigorous than credit cards. Car financing is somewhere in between (but much more like a credit card).
- Even with a high credit score, expect probing questions about recent shenanigans.
- Although recent inquires reduce your credit score in a minor way (3-5 points per inquiry in the short run) they do seem to cause concern in a mortgage scenario. That said, their concerns can be overcome if you’re open and honest about why you applied for new credit -and- you haven’t tapped into the new credit in a major way.
- American Express credit cards list their account open date for all cards the same as the first AmEx you get. So get an AmEx early and never cancel it. If needed, downgrade a fee card to a fee-free card and keep it in a drawer somewhere.
- Sign up for Credit Sesame and Credit Karma. They’re free, provide an accurate proxy of what your actual credit score is, and monitor your credit report.
- Avoid carrying high balances on credit cards, especially in the month or two before seeking new credit. Pay balances off before closing if necessary. Keep your overall credit card usage at any moment below 5% (or lower when you’re going for new credit). Credit Sesame and Credit Karma track this for you.
- Avoid carrying a lot of small balances across different accounts. If you want to use a card for its unique benefits, pay the balance off quickly.
- Avoid the temptation of going for airline miles as a benefit associated with financing/refinancing. For example, you can earn up to 50,000 United miles by refinancing through Chase. When I compared the rates and closing costs from Chase to what I could get through a mortgage broker, the cost savings of the broker offered were far more than the value of the United miles.
- Be on your best behavior for the entire duration of the refinance period. Take it easy on the Vanilla Reloads, don’t sign up for any new credit cards, and act like a normal credit user. You’re not in the clear until you close, and you don’t want to give the credit agency any reason to look at your account with a more critical eye than they need to. You don’t want to give them any reason to deny you credit.
Saverocity goes off on a fellow blogger The Wandering Aramean. Out of ALL the bloggers around you found Seth to rant on, are you serious? Seth has resisted the relentless credit card pimping and has put together a great roundup of techie tools to help the miles/points crowds. And most of it is free. I can’t believe it!
And your post again is way too long, try to limit the size as people’s attention span is just not that long these days. I liked your graph, way too many parties involved getting a cut!
Loyalty Lobby has done a comprehensive analysis of the most rewarding hotel loyalty program. I really liked the “Burning Points” segment. Winner: Club Carlson
Doubletree has a video contest. Six winners will embark on a two-week to two-month adventure to one of six continents. I do not like to enter any contests that require any talent at all and/or are popularity contests since I really, trust me, have no chance of winning!
These guys will run 1,430 miles through the Gobi Desert. From the Adventure Blog. This is totally insane!! And you thought running marathons was tough? Yes I am talking to you Kathy at Will Run for miles;-)
Yomadic posted “Communist Architecture of Skopje, Macedonia“. Loved big and ugly communist architecture, what can I say?
The Man in Seat 61. Wow, this guy has built a massive resource about train travel! Bookmark material!
Hilarious pics of the Wandering Earl getting high on Qat in Yemen.
ODDZ & ENDZ
10 Places You Must Have Sex Around the World in 2013 One is a hobbit hole, really? WTF!!!!