Prime Visa: $200 Amazon Gift Card Instantly Upon Approval Expired

anyone know what credit agency (experian, equifax, transunion) they use to pull your credit?

I have freezes with all of them because of past identity fraud and unfreeze it temporarily when i apply for credit/loans.

Since so many people find this misinformed post "helpful", I feel it needs to be clarified on credit card interest works in general.

Where is your evidence of this? Credit card interest methods are regulated by the CARD Act. What YOU are describing is a version of Double-Cycle billing, which is not allowed under the CARD Act for over a decade now.

"Double-cycle billing once allowed credit card issuers to calculate a borrower's interest charges based on the average daily balance of their previous two billing cycles. This put cardholders in an unusual position of paying interest on charges they had already paid off. The CARD Act prohibits double-cycle billing and requires credit card issuers to calculate interest based on an account's average daily balance from the most recent billing period."

Your personal experiences and not understanding WHEN and HOW interest is calculated and applied on credit cards is not a valid excuse to spread misinformation.

Example:
This applies to all credit cards, this ONE card offered by Chase doesn't operate any differently than others.

You have $0 balance, or a new account You make $1000 worth of purchases. Your statement is issued with a statement balance of $1000 on November 1, 2023 with a due date of November 27, 2023.
You begin accruing interest from the date the statement was issued on a daily basis based on your DPR (APR/365). Everyday, that accrued interest charge is added to your balance, and next day your DPR is calculated on that new balance with added accrued interest charge from day prior and so on (compounding interest). This occurs daily until your due date.

If you make a payment on the due date, you have accrued 27 days of interest, if the statement balance is paid in full, the accrued interest does not carry over to your next statement, it's done and over with. If you do not pay the balance in full, Say you make a $900 payment, then you have not satisfied the terms and conditions of most all credit cards and the accrued interest charges from the 27 days will be added to your next statement.

What you are claiming is that if you make a $900 payment, say on due date, then only accrued interest on $100 principle should be carried over to next statement. That is NOT how it works. Your accrued interest, up until the point you made a partial payment will get carried over UNLESS you pay off the statement balance in full on or prior to due date.
If you had made a $900 payment the day your statement is issued, or the next day, then you do not accrue any further interest on that $900, only on the $100 remaining balance for next 26 days, and so on. It's why it's advisable, if your credit card allows and if you have trouble making one large payment, make multiple payments prior to the due date to finish paying the statement balance by due date (preferably) or to reduce the daily amount that is subjected to interest charges.

This is in fact the industry standard of how interest is calculated and applied. No CC issuer is going to accrue interest on balance for 27 days (or any period from statement issue date to due date) and then recalculate interest on $100 that's left over and only carry over that interest charge because you made a $900 payment on last day and failed to payoff full statement balance.

Every credit card statement, under the interest charged section (usually towards the end) it will tell you the amount of your balance that was subjected to interest.

This card isn't any different or any more predatory than any other credit card. ALL credit cards are predatory in some way, but if you understand few basics, you can understand how to avoid some of these predatory behaviors.

Some points you make are valid, people churning for $200, a small benefit, is just irresponsible with no intent to use this card or even plans to cancel it.. It's often not worth it.

What a doozie. This is a whole sharknado of wrongness.

For starters, no, they're not talking about double cycle billing. I don't understand how you got that out of what they said. They're talking about having to pay interest on everything from a billing cycle, even if they paid most of their balance and left a small part unpaid. You're describing their concern as "a version of" double cycle billing, where "a version of" is doing a heck of a lot of work to stretch the meaning into something you can easily criticize.

You can say they're right, you can say they're wrong, whatever, but they are not talking about double cycle billing.

But there's more. You're saying that they're confused about daily accrual of interest. But literally nowhere in the comment you're replying to, do they suggest making that $900 payment "on the due date". To quote Nate Bartgatze, well, you made that up your own.

They pretty clearly seem to be talking about a circumstance where they pay $900 before the due date. (A payment on "due date" would actually be on time, but I'm just setting that aside...)

This is all terribly unfortunate, because once we step out of this Sharknado and return back to the actual thing they said, I actually think I agree with you. So far as I can tell Amazon doesn't have any charge like this. I can't see it anywhere in the terms of service or on any of the sites that review the Amazon card. The only support I could find for it is that one Amazon customer review. But why not just say that? Don't be the guy who makes a sharknado post.

Transunion. Just applied over the weekend and went into review as my credit was frozen. Called and got approved. CS 820+

anyone know what credit agency (experian, equifax, transunion) they use to pull your credit?

I have freezes with all of them because of past identity fraud and unfreeze it temporarily when i apply for credit/loans.

you have to unfreeze credit or they just ask questions/approve?

New to credit card bonuses, I've had the same 2 credit cards for 30 years.
Can I sign up for this, then cancel it the next day and keep the $200 gift card? I don't see why people would not do this... There's gotta be a catch.

Credit limit of $500, are they serious or is it just temporary