Did you apply for it? If so, what did you have to tell them the purpose was?cheapshopper wrote: ↑ HSBC unsecured, $100k at Prime.
Please share your Unsecured Line of Credit interest rates and lenders
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- Feb 2nd, 2023 6:12 pm
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- SCORE+34
- SHR3WD
- Member
- Jun 8, 2012
- 300 posts
- 99 upvotes
- cheapshopper
- Deal Fanatic
- Jan 31, 2007
- 5021 posts
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- Richmond Hill
Yes, i apply for it. All i said was use it as buffer in case i need extra cash.
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Bright side of RFD: Often find good deal
Dark side of RFD: Tons of stuff that I don't need but still got them because of RFD
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Bright side of RFD: Often find good deal
Dark side of RFD: Tons of stuff that I don't need but still got them because of RFD
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- DennisA83876
- Member
- Apr 30, 2018
- 259 posts
- 264 upvotes
- Vancouver
Applied for a ULOC at CIBC. I had a couple of cards with them and was shocked they offered Prime + 11%. Which is a joke, lol. I still took it to use as a chequing.
Is there something I can do to get this lowered in the future? What is the strategy?
Is there something I can do to get this lowered in the future? What is the strategy?
- CouponBaron
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- Jan 18, 2015
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- Cornwall, ON
How do you use a LOC as a chequing? Is there a way to deposit your pay to it somehow???DennisA83876 wrote: ↑ Applied for a ULOC at CIBC. I had a couple of cards with them and was shocked they offered Prime + 11%. Which is a joke, lol. I still took it to use as a chequing.
Is there something I can do to get this lowered in the future? What is the strategy?
Pronouns: She/Her/They/Them/Mx
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
- X360
- Deal Addict
- May 13, 2005
- 4050 posts
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- Montreal
More info about LOC hereCouponBaron wrote: ↑ How do you use a LOC as a chequing? Is there a way to deposit your pay to it somehow???
https://forums.redflagdeals.com/banks-l ... t-1463101/
- CouponBaron
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- Jan 18, 2015
- 1047 posts
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- Cornwall, ON
Fascinating! Thank you! <3
However, the post shows things that seem.... unusual. I have scotia HELOC+PLOC and no, you don't get free cheques. It's like $50/book. I checked twice with them...
Pronouns: She/Her/They/Them/Mx
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
- peakingduck
- Deal Fanatic
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- Feb 18, 2013
- 5202 posts
- 8574 upvotes
- BC
I've ordered free cheques for my Scotia PLOC and wasn't charged, did you try going through the online portal?CouponBaron wrote: ↑ Fascinating! Thank you! <3
However, the post shows things that seem.... unusual. I have scotia HELOC+PLOC and no, you don't get free cheques. It's like $50/book. I checked twice with them...
- JemboBam
- Jr. Member
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- Feb 15, 2017
- 152 posts
- 151 upvotes
- Toronto
Scotia offered me P+1.95%. 15k.
They offered me this 2 months after I closed a P+2.95% uloc at 12k.
They offered me this 2 months after I closed a P+2.95% uloc at 12k.
- CouponBaron
- Deal Addict
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- Jan 18, 2015
- 1047 posts
- 740 upvotes
- Cornwall, ON
Sick! Did your score go up? Or did something materially change? Or they just trying for a "winback" do you think?
Pronouns: She/Her/They/Them/Mx
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
- JemboBam
- Jr. Member
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- Feb 15, 2017
- 152 posts
- 151 upvotes
- Toronto
CouponBaron wrote: ↑ Sick! Did your score go up? Or did something materially change? Or they just trying for a "winback" do you think?
Score didn’t change. They sent out a lot of preapproved offers in December was all.
- ozzie16
- Deal Addict
- Oct 27, 2012
- 2860 posts
- 4667 upvotes
- Toronto
In my Scotia online banking, received a pre-approval for a 30K Catch-Up RSP LOC at Prime.
My experience last year was the Catch-Up LOC limits can be merged into a credit card or LOC of your choice.
My experience last year was the Catch-Up LOC limits can be merged into a credit card or LOC of your choice.
- Dejavudiva
- Member
- Dec 8, 2020
- 421 posts
- 175 upvotes
- Bc canada
corruption213 wrote: ↑ Just so you know TD prime rate is 2.7% and has been for a while.
But will they jump once you sign up in a month.. my experience with them that they are very shady. We use them as a bank for our business and are considering leaving.
- timach
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- Oct 9, 2011
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- CouponBaron
- Deal Addict
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- Jan 18, 2015
- 1047 posts
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- Cornwall, ON
I did not, because I was afraid to be billed. If the agent's are telling me I would be billed and it happened, I'd have no recourse right? So I wouldn't want that.peakingduck wrote: ↑ I've ordered free cheques for my Scotia PLOC and wasn't charged, did you try going through the online portal?
Pronouns: She/Her/They/Them/Mx
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
- CouponBaron
- Deal Addict
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- Jan 18, 2015
- 1047 posts
- 740 upvotes
- Cornwall, ON
They did this to my grandmother too, and her score is persistently mid/high 800s. (she had me teach her how to check haha)Dejavudiva wrote: ↑ But will they jump once you sign up in a month.. my experience with them that they are very shady. We use them as a bank for our business and are considering leaving.
Pronouns: She/Her/They/Them/Mx
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
Plan: 100GB UL QC plan $65 ($75 after 2yr)
NoAF CB Combo:
(1) 4% (Restaurants)/1.5% Simplii (2) 3% (Grocery) BMO CB MC (3) 2% Tang (4) 2%/1.25% Amex SC (5) 2% (Cell warranty) Desjardins
- barmadrid
- Deal Addict
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- Feb 4, 2015
- 1326 posts
- 866 upvotes
Just got an offer from Tangerine. LOC at 6.45%. First 90 days at 1.99%. Limit is 10k.
- ssiu
- Deal Addict
- Apr 18, 2008
- 1716 posts
- 830 upvotes
- Toronto
Same here but I got 25k limit. And I currently have 4.75% promo rate in my Tangerine savings account.
So ... borrow at 1.99% and put it right back in Tangerine account ... $25000 at 2.76% for 90 days nets about $170 free money? What could go wrong?
Amerifriend threads need to include instructions on how to acquire an amerifriend. 
- barmadrid
- Deal Addict
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- Feb 4, 2015
- 1326 posts
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Actually it's 6.70% since prime rate was increased yesterday by 0.25% lol. Still I accepted my offer!
- BuyCar
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- barmadrid
- Deal Addict
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- Feb 4, 2015
- 1326 posts
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Few years back, actually when it was called ING! Always waited for such offers.
Just couple months ago I setup authorized debt to pay rent from the checking account (only products I had), maybe that triggered them.