anat0l
Enthusiast
- Joined
- Dec 30, 2006
- Posts
- 11,669
Just applied. Seems a bit stricter than some other CC apps I've put in before. Not sure if I'll get it (basing it on my last year's tax return) but we'll see.
I'm not sure to what extent would credit card applications have an impact on credit ratings. It might only matter a lot if you are rejected. In saying that, there are credit checks for other things, e.g. signing a new Optus post-paid contract, which I recently just did (though it didn't involve having to state all that information requested in the CC application). I'm sure my parents have applied for several credit cards before, sometimes just to take advantage of no fees and/or award points, and their frequency has not compromised their credit rating.... and no, we are not in debt!
20,000 points is 20,000 points with no annual fee. Whatever currency that is in it's not a bad deal (though it's obviously more valuable to those who are pursuing QFF and the opposite for those who are not). I don't know how you interpret the value perceived by some others but I'm applying it mainly for the no fees posture as well as the free bonus points (20,000 mostly; the 10,000 extra might not happen for me). It would seem your only reasons for saying it's a worthless deal are: (a) QFF is a pesos (or Zimbabwean) program, and (b) you like to keep accesses to your credit file to a bare minimum.
edison said:I am not saying not signing up at all but all I am saying that it is not as good value as it is perceived.
I'm not sure to what extent would credit card applications have an impact on credit ratings. It might only matter a lot if you are rejected. In saying that, there are credit checks for other things, e.g. signing a new Optus post-paid contract, which I recently just did (though it didn't involve having to state all that information requested in the CC application). I'm sure my parents have applied for several credit cards before, sometimes just to take advantage of no fees and/or award points, and their frequency has not compromised their credit rating.... and no, we are not in debt!
20,000 points is 20,000 points with no annual fee. Whatever currency that is in it's not a bad deal (though it's obviously more valuable to those who are pursuing QFF and the opposite for those who are not). I don't know how you interpret the value perceived by some others but I'm applying it mainly for the no fees posture as well as the free bonus points (20,000 mostly; the 10,000 extra might not happen for me). It would seem your only reasons for saying it's a worthless deal are: (a) QFF is a pesos (or Zimbabwean) program, and (b) you like to keep accesses to your credit file to a bare minimum.