Rewriting my credit goal list

Once I've obtained Amex & Citi, I had only 2 other credit goals left for the foreseeable future:

1. Chase Platinum
2. MBNA Quantum

Now that I also got #1 ($12K limit), all there's left is the Quantum... but not quite.

This is just MHO, but the more I hear about MBNA, the less I want their product.

1. They keep high APR's and refuse to pass the Prime cuts to their customers.
2. Their top product, the Quantum, offers non-negotiable 11.49% - 13.49% APR
3. They are the largest contributor to the banking industry's lobbying efforts.
4. Phone hold times are sometimes unacceptable.
5. Quasi-cash transactions (such as PayDirect) are always posted at cash advance rate.
6. The travel rewards program associated with Quantum is exceptionally inferior.
7. They put 3 inquiries for a credit application (2 of them on the same CR).
8. Even promo BT offers are assessed a hefty BT fee.

Now I know everyone's experience is not the same, but I think I'm beginning to see a pattern here.

http://www.mbnasucks.org/

So for the time being, I'm left with no further credit goals. But rest assured, this isn't likely to last very long )

Congrat's to all posters who have recently obtained prime credit. Don't lose hope -- it's taken me less than 18 months to get from a blank credit file to Platinum credit cards with America's top 3 lenders (Amex, Citibank & Chase). As CreditWork says, all you need to do is exercise your credit. I'm grateful for the wealth of information found on this board.


Saar

 

Yes, RichGuy, you're right. We've had some feedback about that, too.

And I certainly don't want my fees (or inflated APR) financing banks' lobbying efforts in Congress.


Saar