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Credit Cards (pg. 8)
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| leph555 |
| quote: | Originally posted by Palladium
not like he need it to get a credit or a loan
is better carrying some plastic than his billions in his pockets all the time |
he has trucks filled with cash following him around, duh :o |
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| Frenchie |
| A debit card can hold a ton of money as well, no need for the credit card. |
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| gehzumteufel |
| quote: | Originally posted by biznology
yeh...
and what's your opinion on going to my checking account bank? when i opened my second account, they offered a credit card, i declined and they said it would be a lengthy process to do it later (like now)...
is that better or worse? no different? are there potential issues with having all the eggs in one basket so to say? |
your bank is usually a safe bet. they are normally more apt to give you one as they see your spending habits a lot. |
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| bas |
| quote: | Originally posted by Frenchie
A debit card can hold a ton of money as well, no need for the credit card. |
Yeah but you need to actually HAVE that ton of money :p
edit // from my experience, credit cards offered through your bank tend to have a much higher APR. Mine was 19% when I first opened it and eventually went down to 15%. I opened one with Providian and it started at 12% and eventually down to 9%. |
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| iammesol |
| quote: | Originally posted by bas
that ton of money :p |
literally :o |
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| capo tutti di |
| *** image removed and user suspended |
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| iammesol |
| hey look. anal :) |
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| Palladium |
| quote: | Originally posted by capo tutti di
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^^ NSFW
what credit cards are made for |
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| Roweazie |
Studen loan is actually similar to home loan when it comes to all three major credit bureau. When applying for CC and decline, i highly suggest getting copy of your decline letters and send it to all three credit bureau to recvd free copy of your credit report and review whats in your credit. Applying credit to all major credit grantor can also affect your credit score, and its called inquiry. majority of the credit grantors also create mult-inquiry in your credit report and it will affect it. if you do found out that credit grantor checking your credit report mult-times, to dispute all inquiry to all three credit bureau.
what drive your fico/beacon score high.
1. atleast one secure loan
2. 2-3credit card, pending your yrs sal.
3. mnthly activities of your credit. |
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| tubularbills |
| quote: | Originally posted by biznology
i do know that has more to do with how you pay off the card, but i also know that all those low rate starter deals are bogus in the long run.
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Wrong. getting a card w/ 0.0% for 6 months and then it jumping to 14% is beter than getting a card that starts you off at 14% or higher right off the bat.
if you aren't stupid, handling credit card debt is easy. trust me, i know, i've got like 6 credit cards. not that i use all of them...i use like 2....the discover card if its one of those weird situations where they only take discover :wtf:
otherwise, getting a credit card is an excellent idea. besides, get one w/ points and for using it. i mean, why use it if you aren't going to get rewards back you know? my BP Chase card i get 5% on all BP gas purchases and 2% on all other travel/dining and 1% on everything else. my amazon chase card i get 3 points back on amazon purchase and 1 back on all others. get to 2500 pts or $25 on the BP card, and free $25 to either amazon or BP. its well worth it, imo |
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| gehzumteufel |
| quote: | Originally posted by Roweazie
Studen loan is actually similar to home loan when it comes to all three major credit bureau. When applying for CC and decline, i highly suggest getting copy of your decline letters and send it to all three credit bureau to recvd free copy of your credit report and review whats in your credit. Applying credit to all major credit grantor can also affect your credit score, and its called inquiry. majority of the credit grantors also create mult-inquiry in your credit report and it will affect it. if you do found out that credit grantor checking your credit report mult-times, to dispute all inquiry to all three credit bureau.
what drive your fico/beacon score high.
1. atleast one secure loan
2. 2-3credit card, pending your yrs sal.
3. mnthly activities of your credit. |
so, by what your saying, a student loan only matters for a credit card, but not a 1.2m mortgage? cause working a major bank the student loans didnt count against them at all for their MASSIVE non-conforming loans. i dont see that even smart. the credit industry, is going to consider a student loan on a massive purchase a lot faster than a small $1000 credit card.
may i ask where you get your info? where do you come up with this?
| quote: | Originally posted by tubularbills
Wrong. getting a card w/ 0.0% for 6 months and then it jumping to 14% is beter than getting a card that starts you off at 14% or higher right off the bat.
if you aren't stupid, handling credit card debt is easy. trust me, i know, i've got like 6 credit cards. not that i use all of them...i use like 2....the discover card if its one of those weird situations where they only take discover :wtf:
otherwise, getting a credit card is an excellent idea. besides, get one w/ points and for using it. i mean, why use it if you aren't going to get rewards back you know? my BP Chase card i get 5% on all BP gas purchases and 2% on all other travel/dining and 1% on everything else. my amazon chase card i get 3 points back on amazon purchase and 1 back on all others. get to 2500 pts or $25 on the BP card, and free $25 to either amazon or BP. its well worth it, imo |
you have just explained a major problem with US society. they see a "deal" that really isnt a deal, its just a gimmick to get you to bring your business to them. $25 after spending 5k. come on. "buy 5 get 1 free" so you buy 5 and waste 3. did you save? no. you wasted 3!
oh and you have too many credit cards. 6 is way to many unless your making a ton of money (read: 100k+).... |
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| Roweazie |
| quote: | Originally posted by gehzumteufel
so, by what your saying, a student loan only matters for a credit card, but not a 1.2m mortgage? cause working a major bank the student loans didnt count against them at all for their MASSIVE non-conforming loans. i dont see that even smart. the credit industry, is going to consider a student loan on a massive purchase a lot faster than a small $1000 credit card.
may i ask where you get your info? where do you come up with this?
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no, I stated its similar to home loan. Its up to credit grantor to provide the credit to consumer. I used to work for equifax, 3yrs ago. |
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