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Originally posted by gehzumteufel yeah, that was before the credit crash of 2008.

one of my banks (USAA) also has a lot of really good loans out there that i have access to if i need them. and no, it's not one of those "YOU'RE PREAPPROVED FOR *WHATEVER* spam things you get in the mail

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Originally posted by Ania_xox Can I interest you in a Sears card?

*stab*

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Originally posted by tubularbills one of my banks (USAA) also has a lot of really good loans out there that i have access to if i need them. and no, it's not one of those "YOU'RE PREAPPROVED FOR *WHATEVER* spam things you get in the mail

LOL those are gimmicks also. most dont qualify for the "pre-approved" offer.

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Originally posted by gehzumteufel LOL those are gimmicks also. most dont qualify for the "pre-approved" offer.

like i said, its not one of those.

READ BEN, READ! lol

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Originally posted by Project-K *stab*

Give me 15 minutes and I'll have you set with new Sears Mastercard locked in for 3 years at 18%, which you will sign for without even knowing it but be smiling all the while because as a first-time user you received $10 off of your Kenneth Cole cuff links

quote:

Originally posted by tubularbills like i said, its not one of those. READ BEN, READ! lol

lol fagg0t i was referring to the "youre preapproved" shit is a gimmick.

lololololol

quote:

Originally posted by Ania_xox Give me 15 minutes and I'll have you set with new Sears Mastercard locked in for 3 years at 18%, which you will sign for without even knowing it but be smiling all the while because as a first-time user you received $10 off of your Kenneth Cole cuff links

Ban!

quote:

Originally posted by gehzumteufel the fact that you make similar to what i do, when i have a job anyways, and have 6 cards, says a lot. it doesnt directly show on your credit score that 6 cards will fuck you, but it will. 6 cards is too much in almost all lenders eyes when making 40k/yr. they want to see closer to 100k/yr for 3 cards. remember, they want the least risk possible with the most gain. giving someone with a 14k debt potential, plus a mortgage, plus a car payment, another credit card is not the least risk. its high risk. getting a loan now will be impossible with 6 cards. they will say you must close some of them. ps: you should close 3 of them anyways.

Please be adviced that every credit grantor have their own policy & procedure to provide consumer credits. Its true that having more than 3-4 CC, will affect your score, as already adviced before. Its up to grantors to decided whats too many for the consumer.


If you don't have credit yet. i have a easy way for you to start one. Stop by to one of your fav. retail store for clothing and apply for CC store. Once you recvd the CC from retail store, contact the credit grantors and have them report the cc to all three credit bureau. Not all credit grantor report to all three bureau.

edit: if you have cc already, i can also adviced to have them report your cc to all three bureau for better result of your fico/beacon score. just make sure you limit your self with the inquiries.

quote:

Originally posted by Roweazie Please be adviced that every credit grantor have their own policy & procedure to provide consumer credits. Its true that having more than 3-4 CC, will affect your score, as already adviced before. Its up to grantors to decided whats too many for the consumer. If you don't have credit yet. i have a easy way for you to start one. Stop by to one of your fav. retail store for clothing and apply for CC store. Once you recvd the CC from retail store, contact the credit grantors and have them report the cc to all three credit bureau. Not all credit grantor report to all three bureau.

i have credit, ive already started building it.

quote:

Originally posted by Ania_xox Give me 15 minutes and I'll have you set with new Sears Mastercard locked in for 3 years at 18%, which you will sign for without even knowing it but be smiling all the while because as a first-time user you received $10 off of your Kenneth Cole cuff links

Her Sears card brings all the boys from the yard, and she's like, "It's better than yours", she's like, "It's better than yours"... she could teach you, but she'd have to charge.

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Originally posted by gehzumteufel i have credit, ive already started building it.

Will i already knew that, since you providing info to everone. I was just simply implying to what you adviced to "tubularbills"

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Originally posted by Abercrombie Her Sears card brings all the boys from the yard, and she's like, "It's better than yours", she's like, "It's better than yours"... she could teach you, but she'd have to charge.

ROFLMAO

quote:

Originally posted by Roweazie Will i already knew that, since you providing info to everone. I was just simply implying to what you adviced to "tubularbills"

ahh yeah sorry.

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Originally posted by gehzumteufel ahh yeah sorry.

Yea man, damn u should know that already

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Originally posted by KiNeTiC ENeRgY Yea man, damn u should know that already

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Originally posted by Frenchie A debit card can hold a ton of money as well, no need for the credit card.

If a debit card is stolen, you're actually out the money that someone else charges until the investigation is complete. If it's a credit card and illegitimate charges are made, you lose nothing except the distance to your credit limits.

Plus there are usually good rewards, even if they're only 1%, that's still better than savings account rates now.

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Originally posted by Groundhog Boy If a debit card is stolen, you're actually out the money that someone else charges until the investigation is complete. If it's a credit card and illegitimate charges are made, you lose nothing except the distance to your credit limits. Plus there are usually good rewards, even if they're only 1%, that's still better than savings account rates now.

thats not better. savings accounts are 3%.

quote:

Originally posted by Abercrombie Her Sears card brings all the boys from the yard, and she's like, "It's better than yours", she's like, "It's better than yours"... she could teach you, but she'd have to charge.

LOL

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Originally posted by Enigmatik The Truth About Credit Card Debt Myth: Aren't there positive uses of a credit card? Like rebates and airline miles? Truth: Responsible use of a credit card does not exist. Credit card debt is a major problem in America. There is NO positive side to credit card use. You will spend more if you use credit cards. Even by paying the bills on time, you are not beating the system! But most families don't pay on time. The average family today carries $8,000 in credit card debt according to the American Bankers' Association. Now let's talk about the rebates. If you were using a credit card at 5%, you would have had to have spent $80,000 to get $4,000 rebates on new cars that lost $6,000 of value when you drove them off the lot. That is not a good deal! Cash vs. Credit Cards When you pay cash, you can "feel" the money leaving you. This is not true with credit cards. Flipping a credit card up on a counter registers nothing emotionally. If you use credit cards instead of cash you will spend 12-18% more. This is money you could have saved. If you "have to" use plastic, I suggest a debit card. I use them for travel and the occasional convenience of ordering something over the Internet or phone. Other than that, I use cash. Personal finance is 80% behavior. You need to cut out habits that make you spend more. You do not build wealth with credit cards. Use common sense. When you play with a multi-billion dollar industry and you think you're going to win at their game, you are naive. You cannot beat the credit card companies.

That's only good advice for irresponsible morons!

Yes good can come of credit cards, by using them sensibly and paying off in full. My wife and I have just bought airline tickets and by timing the payment of them right we don't effectively need to pay for them for seven weeks. We paid for them the day my rolling month began, so the statement doesn't arrive for four weeks, then you have three weeks to pay for that statement. In that time we earned $250 in interest on the amount of the airline tickets that we wouldn't have done if we paid cash or used a debit card.

We use our credit and chargecards for everything and pay them off in full each month. We use them for attaining hotel points and frequent flyer miles since we travel quite a bit. There should always be a benefit to having a credit card, whether that be a low interest rate and don't pay it off in full, or you pay it off in full and get some cash rebate or have some reward scheme benefit. I don't see these things as gimmicks. I see it as getting a benefit I wouldn't otherwise have. I don't need the credit facility on my cards so I want something else from it.

I find credit and charge cards invaluable, I get good benefits (discounted hotel scheme, car rental insurance, airline lounge access etc) and feel I have some protection. Speak to those people who paid cash for airline tickets on Aloha or ATA. They're screwed. Those who bought on credit cards just made one call. Have your wallet with $500 cash stolen, it's gone. Have your wallet with Amex card inside, one call and it is cancelled and sorted out.

As with anything using it sensibly is the key, buying a car on a credit card is fucking idiotic. Someone who says credit cards are the devil has no restraint and shouldn't have one, but then also shouldn't be giving out advice on these matters either!

quote:

Originally posted by gehzumteufel amex black has been discontinued. edit//its been discontinued in the US and UK and they will discontinue it as they see fit in other countries it does exist.

That's a crock.

Spend $250k in a rolling year on your Amex card (must have had a card with Amex for 12months with perfect payment history), call and ask to be transferred and you'll be approved for Centurion.

In the UK things are different some get invites on pretty low spend, say �5k per month, at least that was how it was a few years ago

The big deal about Centurion was nothing to do with no limit. It's a chargecard and all charge cards come with no pre-set spending limit. Centurion is the same as any other Amex chargecard, spend 150% of your previous biggest statement and you'll hit the brick wall of being denied.

Centurion is a massively overhyped product. Amex did a wonderful job of giving away no information about the card, unless in tiny tidbits and let everyone make their mind up about how awesome it is. The Centurion benefits are different in each issuing country but the majority of the best benefits can be had by just getting the Platinum chargecard which pretty much anyone can get. I got so bored about reading about Centurion on another forum I wrote an FAQ!
http://www.flyertalk.com/forum/showthread.php?t=362756

another localized thing .. whereas here in NL you need to be 23 years old and earn a minimum wage of approx. 750 euro per month to be able to request one you will receive a free credit card in Denmark when you are 15 years old and open a bank account..

i'm sure the only reason people go for it is just so they can say the own one.

quote:

Originally posted by JD8180 i'm sure the only reason people go for it is just so they can say the own one.

The Centurion card? There is a lot of that. You just need to read the Wikipedia page on Centurion to see how often rappers and the ilk feel the need to mention it At the end of the day it is just a payment card that comes with some good benefits...one of which is selling the luggage tags on ebay for a ton of money which can recoup the annual fee
Wikipedia article on Centurion

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