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Is it normal... (pg. 2)
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| Lepanto |
| quote: | Originally posted by LuNaSeA
it's good actually. credit card debt really does suck..
ot: the best thing to do if you want to build your credit is to just make small purchases and pay off the full balance every month. |
agreed. if you sit there with your credit car without spending a dime you're APR will never go down and you'll have no credit history. When I got my first credit card (i got it along with my ATM card from Apple Bank, for students with a really low APR) and the women told me that having a credit card and not using it is worse than not having one at all, towards your credit history. |
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| colonelcrisp |
i have one, maxed it ou t then forgot about it for 2 years.... man i am living to regret that one......
but then the company sends me a new card? i was like wtf, i owed you guys 5000 bucks for 2 years and the only way you found me was cause you found my grandpas number in teh phone book lol.
so now they give me a new card, transfer what was left of my balance, and gave me a 5.8% rate on teh new one.
in dumb bastards.... if i was them i would have taken me to the cleaners.... |
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| LiveTheDream |
| quote: | Originally posted by colonelcrisp
i have one, maxed it ou t then forgot about it for 2 years.... man i am living to regret that one......
but then the company sends me a new card? i was like wtf, i owed you guys 5000 bucks for 2 years and the only way you found me was cause you found my grandpas number in teh phone book lol.
so now they give me a new card, transfer what was left of my balance, and gave me a 5.8% rate on teh new one.
in dumb bastards.... if i was them i would have taken me to the cleaners.... |
Dude 5k is nothing to them, they waiting till your 60k in debt, then they will take you to the cleaners. Thats why they give you a new card, they know you will just spend it. |
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| Arbiter |
Normal? Maybe. Good? Yes.
My limit's about 10k, and I've never used more than a small fraction of that. They just keep raising it. I guess they hope maybe I'll overspend and they'll get to charge me some interest. Not gonna happen, though. |
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| SidMl |
They increase the limit because they know you're probably going to be good for it and might need it.
When I was in college I usually used to spend $200-300 a month on my credit card but used to keep on asking them to increase.
Twice a year I'd go on vacations and spend like $3k in a month - that's when the higher limits come handy.
Now that I've started working, I spend a lot more and put pretty much everything on the cards but pay it off in full every month. I'm addicted to collecting points & miles. |
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| Purple |
| quote: | Originally posted by Boomer187
ur crazy, put everything on your credit cards, you don't have to pay them back ever |
How? |
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| dinoXpress |
| quote: | Originally posted by SidMl
They increase the limit because they know you're probably going to be good for it and might need it.
When I was in college I usually used to spend $200-300 a month on my credit card but used to keep on asking them to increase.
Twice a year I'd go on vacations and spend like $3k in a month - that's when the higher limits come handy.
Now that I've started working, I spend a lot more and put pretty much everything on the cards but pay it off in full every month. I'm addicted to collecting points & miles. |
I love your alliance.
Bash Street Kids FTW! |
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| dbb |
| Hmmm... My visa isn't a credit card. It just holds the money on a certain account. The rest I have on a high interest account. Maybe it's a waste having cash on the visa account, when I get crappy interest and seldom use it :P |
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| raph93 |
| i have 45k on my accounts, and i use only maybe 300/month :cool: |
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| Mindphaser |
| wow... i would spent it in a day.... np at all :D |
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| Lepanto |
| quote: | Originally posted by dbb
Hmmm... My visa isn't a credit card. It just holds the money on a certain account. The rest I have on a high interest account. Maybe it's a waste having cash on the visa account, when I get crappy interest and seldom use it :P |
you mean a checking account? |
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| raph93 |
| quote: | Originally posted by Mindphaser
wow... i would spent it in a day.... np at all :D |
i don't think so...it's too long & hard to earn |
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