I agree...I use 'em for Internet stuff and pay it off each month. I've seen my sister rack up loads of debt in the past on credit cards, so much so that she's got no money for anything else, except minimum payments, it took her years to get out of it and she only did that by cutting them up.
Your right about the banks/CC companies too, and they target young people just starting to earn who look upon a card as 'free money'. My friends son was maxing out one card then getting another until the end he had so many he couldn't get out of debt, couldn't get any more cards and couldn't get a loan himself to help pay them off - in the end my friend had to get a loan in her name to pay off his debts! Surely if you max out one or two cards its clear that you've got enough debt and don't need another card!!! But long as they're getting the interest they don't care.... just my two peneth
I had a thread recently about how they were tricking people into signing for them. I was asked if i would be interested in a frequent flyer programme where every 10th flight is free. I said yes, he started taking my details and I realised he was filling out a credit card application form :eek: . Very very sneaky... I have no regard for CC companies at all and their ways of doing business. I find the whole thing disgusting.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
i have one but i never use it ... i have a $4,000 limit and i only plan on using it for extreme emergencies ... like if i'm stranded in Vegas without pants ... that kind of thing.
haha, no pants? where is your wallet?
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I actually think it's irresponsible to tell people to ignore me and to just get one if they want one
its not irresponsible at all.. Audio's a fucking maths genius so i'm pretty sure he can work out the APR on something, work out his finances etc... so if he wants to get one its up to him.
you didnt have one for years.. this meant you couldnt get PJ tickets and had to rely on someone else getting lucky for you.. it meant you couldnt join the 10club (which hindered the ticket situation even further)
you have no real experience of them whatsoever so why would he choose to listen to you saying "dont get one i hate them"...
thats like me saying:-
"hey Audio dont go on holiday to Ibiza, i hate hate hate it"
"oh really what experience have you for that triple hateage"
"i picked up a Suntours brochure once"
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
I said if you can cope at all without one... not to get one... so what WOULD be the point in getting one if you can cope without (apparently you can't so that's grand... good for you)? I actually think it's irresponsible to tell people to ignore me and to just get one if they want one
I can "cope" without them, I guess I could "cope" without an indoor toilet, it just easier with them, and it makes money for me.
its not irresponsible at all.. Audio's a fucking maths genius so i'm pretty sure he can work out the APR on something, work out his finances etc... so if he wants to get one its up to him.
you didnt have one for years.. this meant you couldnt get PJ tickets and had to rely on someone else getting lucky for you.. it meant you couldnt join the 10club (which hindered the ticket situation even further)
you have no real experience of them whatsoever so why would he choose to listen to you saying "dont get one i hate them"...
thats like me saying:-
"hey Audio dont go on holiday to Ibiza, i hate hate hate it"
"oh really what experience have you for that triple hateage"
"i picked up a Suntours brochure once"
huh??? I've no real experience of them? I've plenty of experience with them.. that's why I no longer have NOR want one. And ya know, even with the cc vouchers I still wasn't able to get the PJ tickets and had to get somebodys spare... so a cc certainly does NOT guarantee you a ticket. I'm sure I could've joined the 10c by sending them money.
It may not be irresponsible to Dave but in general to say 'I've a credit card, I think they're brilliant, get one' sounds very Father Dougal to me.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
huh??? I've no real experience of them? I've plenty of experience with them.. that's why I no longer have NOR want one. And ya know, even with the cc vouchers I still wasn't able to get the PJ tickets and had to get somebodys spare... so a cc certainly does NOT guarantee you a ticket. I'm sure I could've joined the 10c by sending them money.
It may not be irresponsible to Dave but in general to say 'I've a credit card, I think they're brilliant, get one' sounds very Father Dougal to me.
Sounds like you were irresponsible with them in the past. And who the fuck is Father Dougal?
Sounds like you were irresponsible with them in the past. And who the fuck is Father Dougal?
Yes I was... I was responsible with them in the beginning but then the temptation can be a bit much. If you have all that money available and no other money at that time, firstly you shouldn't have a credit card, and secondly of course you're gonna use that money.
We're not all a financial genius like you
Who's father dougal? :eek: Father Ted ring any bells?
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
huh??? I've no real experience of them? I've plenty of experience with them.. that's why I no longer have NOR want one. And ya know, even with the cc vouchers I still wasn't able to get the PJ tickets and had to get somebodys spare... so a cc certainly does NOT guarantee you a ticket. I'm sure I could've joined the 10c by sending them money.
thats because CC vouchers arent a fucking credit card.. they have no secure code.. they have no chip on them.. they are not the same thing as credit cards. end of.
It may not be irresponsible to Dave but in general to say 'I've a credit card, I think they're brilliant, get one' sounds very Father Dougal to me.
yes it does.. but i've not said that once.. not once... but you in fact said "but I hate hate hate credit cards with a passion so if you can at all cope without one, don't get one "... thats father dougal at his best.
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
thats because CC vouchers arent a fucking credit card.. they have no secure code.. they have no chip on them.. they are not the same thing as credit cards. end of.
yes it does.. but i've not said that once.. not once... but you in fact said "but I hate hate hate credit cards with a passion so if you can at all cope without one, don't get one "... thats father dougal at his best.
Dunk, please stop saying things you know nothing about. A CC voucher is a Credit card in EVERY Sense of the word except for the physical appearance. It is a credit card number with an expiry date and a security code... you can use them in EXACTLY the same way as a CC online. And i still couldn't get the tickets (talking about the Vic here - no CC could guarantee ya them tickets).
I still don't get what's wrong with advising people to steer clear of credit cards if they don't need them? You're just firing on all cylinders now for the sake of arguing with me. I'm under no illusion that people will take my word as gospel here. Like everyone else I'm giving my opinion and I stick to HATING them and would advise EVERYONE not to get one if they can cope without them. You say otherwise... I don't get why you're jumping down my throat here.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
i use my credit cards to make purchases through out the month. but i always pay off my balance in one shot when the bill comes in. i don't want to get squeezed on the interest and i sure as shit don't want to rack up any sort of debt.
if you are smart with your spendings, then credit cards are great. but if you lack responsibility in that area... you should cut them up now.
Dunk, please stop saying things you know nothing about. A CC voucher is a Credit card in EVERY Sense of the word except for the physical appearance. It is a credit card number with an expiry date and a security code...
take a voucher to a cash machine and try and get money out.
I still don't get what's wrong with advising people to steer clear of credit cards if they don't need them? You're just firing on all cylinders now for the sake of arguing with me. I'm under no illusion that people will take my word as gospel here. Like everyone else I'm giving my opinion and I stick to HATING them and would advise EVERYONE not to get one if they can cope without them. You say otherwise... I don't get why you're jumping down my throat here.
i didnt say otherwise... i gave the pro's of having a CC but left the decision up to Audio.. you advised him what to do... not me.
i've given up arguing.. you win.. i dont actually care enough
p.s. have a good weekend though
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
Dunk, please stop saying things you know nothing about. A CC voucher is a Credit card in EVERY Sense of the word except for the physical appearance. It is a credit card number with an expiry date and a security code... you can use them in EXACTLY the same way as a CC online. And i still couldn't get the tickets (talking about the Vic here - no CC could guarantee ya them tickets).
I still don't get what's wrong with advising people to steer clear of credit cards if they don't need them? You're just firing on all cylinders now for the sake of arguing with me. I'm under no illusion that people will take my word as gospel here. Like everyone else I'm giving my opinion and I stick to HATING them and would advise EVERYONE not to get one if they can cope without them. You say otherwise... I don't get why you're jumping down my throat here.
First off, hardly anyone got tix to that Vic concert, you can't blame your CC for that.
Secondly, when you get cash back or incentives from using your credit cards, they're earning you more money when used responsibly. I put a car (that I could have paid cash for) on a credit card just to get my 5% cash back. Which in turn made the car cost over a thousands dollars less than my lowest offer at the dealership. Paid the CC off in full the same month. CC's can be used to your advantage....but its all in being responsible!
take a voucher to a cash machine and try and get money out.
i didnt say otherwise... i gave the pro's of having a CC but left the decision up to Audio.. you advised him what to do... not me.
i've given up arguing.. you win.. i dont actually care enough
p.s. have a good weekend though
They're prepaid credit cards... all the benefits of a credit card without having the worry of interest or using them as ATM cards... I HAVE an ATM card, I have a debit card, I don't want a credit card.
I will
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
you didnt have one for years.. this meant you couldnt get PJ tickets and had to rely on someone else getting lucky for you.. it meant you couldnt join the 10club (which hindered the ticket situation even further)
Wait. What?
I've never had a credit card...yet I was perfectly able to join the 10c, and buy a lot stuff from them, including tickets.
~AKA Dave-of-the-dead~
I don't wanna think, I wanna feel
Dublin 23/08/06 Lisbon I 04/09/06 Lisbon II 05/09/06 Paris 11/09/06 Verona 16/09/06
London 18/06/07 Dusseldorf 21/06/07 Copenhagen 26/06/07 Nijmegen 28/06/07
I've never had a credit card...yet I was perfectly able to join the 10c, and buy a lot stuff from them, including tickets.
yeah debit card perhaps.. i dont think Helen has one of those either.
but using a debit card means you are more exposed to fraud.. that was my point on CC's all along.
oh scary... 40000 morbidly obese christians wearing fanny packs invading europe is probably the least scariest thing since I watched an edited version of The Care Bears movie in an extremely brightly lit cinema.
yeah debit card perhaps.. i dont think Helen has one of those either.
but using a debit card means you are more exposed to fraud.. that was my point on CC's all along.
And an intelligent point that people are overlooking.
YOU CANNOT DISPUTE A PURCHASE MADE WITH A PREPAID CREDIT CARD.
End of story.
You lose your money, you are shit out of luck.
A credit card purchase can be disputed.
This is simple economic procedure.
And without a credit card, you have no credit history to back you when you apply for a loan or want to purchase a home.
Dunk, you don't like Ibiza???!?
ps...wth is a prepaid cc??? Is this one of those Visa cash cards???
Cause I'm broken when I'm lonesome
And I don't feel right when you're gone away
yeah debit card perhaps.. i dont think Helen has one of those either.
but using a debit card means you are more exposed to fraud.. that was my point on CC's all along.
This is true. But i've been using that card to buy things on the net for years and i've yet to be defrauded. I know the risks, and i'm not saying that it won't happen. But it hasn't, so for now i'm quite happy without a credit card.
~AKA Dave-of-the-dead~
I don't wanna think, I wanna feel
Dublin 23/08/06 Lisbon I 04/09/06 Lisbon II 05/09/06 Paris 11/09/06 Verona 16/09/06
London 18/06/07 Dusseldorf 21/06/07 Copenhagen 26/06/07 Nijmegen 28/06/07
yeah debit card perhaps.. i dont think Helen has one of those either.
but using a debit card means you are more exposed to fraud.. that was my point on CC's all along.
little story on using debit cards...my friend stayed at this hotel for 2 nights and they charged her *4 times* what they should have on her DEBIT card- her bank account was overdrawn and she had NO money. She eventually resolved the problem with the hotel but it took weeks and she was broke the whole time. That's why I use my credit cards for stuff like that.
And an intelligent point that people are overlooking.
YOU CANNOT DISPUTE A PURCHASE MADE WITH A PREPAID CREDIT CARD.
End of story.
You lose your money, you are shit out of luck.
A credit card purchase can be disputed.
This is simple economic procedure.
And without a credit card, you have no credit history to back you when you apply for a loan or want to purchase a home.
Dunk, you don't like Ibiza???!?
ps...wth is a prepaid cc??? Is this one of those Visa cash cards???
huh? So first of all you come out with a 'fact' about a prepaid credit card... and then you ask what it is? None of you know what it is so stop making up stuff. You CAN dispute purchases. I've only used it for flights and hotels. I HAVE a debit card to buy stuff online... I just haven't bothered with the online shopping thing.
And you can get credit history by taking out a loan. I've said that before. I had a loan before I ever had a credit card. I know people who have bought houses without ever having owned a credit card. That's an urban myth and I'm not sure why people are coming up with that one
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
little story on using debit cards...my friend stayed at this hotel for 2 nights and they charged her *4 times* what they should of on her DEBIT card- her bank account was overdrawn and she had NO money. She eventually resolved the problem with the hotel but it took weeks and she was broke the whole time. That's why I use my credit cards for stuff like that.
I don't have an overdraft so my bank wouldn't allow that.
The Astoria??? Orgazmic!
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
has anyone ever transfered their balances to the card with the lower APR? I'm thinking about doing that.
yes but read all the fine print before transferring. Some cards stipulate that they can increase your miniumum payment if more than a certain percentage of the available credit line is from a balance transfer (discover is good for this one). Others (capital one) stipulate that you have to make a certain number of purchases a month to maintain the low balance transfer APR.
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Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
has anyone ever transfered their balances to the card with the lower APR? I'm thinking about doing that.
I haven't done it personally, but I know you have to be careful with it. Once you tranfer the balance to say like a 0% card for 6 months or whatever....DON'T USE THAT CARD FOR ANYTHING! Even if you put 1 dollar on it, everything you pay on it will go towards the 0% stuff first. So you end up paying interest on that one dollar charge. And if the card isn't paid off at the end of the 6 months, they usually put a clause in there about backdating the interest. So Even if you have it paid down to one penny, you get back interest from what you started with. It's kind of a trap, just be careful about it, and it's a good way to help you get out of debt.
yes but read all the fine print before transferring. Some cards stipulate that they can increase your miniumum payment if more than a certain percentage of the available credit line is from a balance transfer (discover is good for this one). Others (capital one) stipulate that you have to make a certain number of purchases a month to maintain the low balance transfer APR.
when you say "discover is good for this one" do you mean discover does this (increases the minimum payment)?
when you say "discover is good for this one" do you mean discover does this (increases the minimum payment)?
yes, I read a Discover Card disclosure where they stipulated that they could change the way they calculated your minimum payment (basically doubling your payment every month), if more that 85% of the balance due was from a balance transfer. Now of course they would do this 6 months after you transfer at the introductory rate. So you'd become used to one payment and then have it double after 6 months but you'd keep the same APR. I think they would basically charge you 4% of your balance every month.
This is your notice that there is a problem with your signature. Please remove it.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
yes, I read a Discover Card disclosure where they stipulated that they could change the way they calculated your minimum payment (basically doubling your payment every month), if more that 85% of the balance due was from a balance transfer. Now of course they would do this 6 months after you transfer at the introductory rate. So you'd become used to one payment and then have it double after 6 months but you'd keep the same APR. I think they would basically charge you 4% of your balance every month.
oh well my transfer wouldn't be that much. and I usually pay double the minimum anyway. thanks for the info.
It's Credit Card really necesary? 9 of 10 people always tell me sad stories about their credit cards debts...... i'll always try to pay my payments Cash, of course i don't have issues like having babies, married thing, etx.........
yes, I read a Discover Card disclosure where they stipulated that they could change the way they calculated your minimum payment (basically doubling your payment every month), if more that 85% of the balance due was from a balance transfer. Now of course they would do this 6 months after you transfer at the introductory rate. So you'd become used to one payment and then have it double after 6 months but you'd keep the same APR. I think they would basically charge you 4% of your balance every month.
ah yes you are one of the smart ones that actually reads the terms that come with your card.....balance transfers are big trouble, UNLESS you plan on paying it off with in the 0% or whatever low rate period the new card has to offer.
since im in the "biz" and all, its important to have and build your credit but its also important to be responsible and not abuse it as many people do. just bc you have a credit card, doesnt mean you are in debt. not all debt is bad. i skimmed through this thread, so im sure im hitting on things that have already been posted, but by not having credit, you are just screwing yourself down the road. creditors like to see how you can manage your money, its what your interest rates and loan amounts are based upon. if your credit report is blank, creditors arent going to feel safe loaning you the money you might need or giving you the low rate, bc they wont know what your spending/repayment habits are like. people really arent educated enough about their own finances. i see it everyday. ignorance really isnt an excuse and predatory lending is nonsense.
i have spoken.
"I hear Fanch has a Pimp Cup and loves Kiss. I think that's all that really matters."
Comments
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
haha, no pants? where is your wallet?
Sydney 14/02/2003
Sydney 07/11/2006
Sydney 18/11/2006
Sydney 22/11/2009
EV Sydney 18/03/2011
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EV Sydney 20/03/2011
Melbourne 24/01/2014
Sydney 26/01/2014
EV Sydney 13/02/2014
its not irresponsible at all.. Audio's a fucking maths genius so i'm pretty sure he can work out the APR on something, work out his finances etc... so if he wants to get one its up to him.
you didnt have one for years.. this meant you couldnt get PJ tickets and had to rely on someone else getting lucky for you.. it meant you couldnt join the 10club (which hindered the ticket situation even further)
you have no real experience of them whatsoever so why would he choose to listen to you saying "dont get one i hate them"...
thats like me saying:-
"hey Audio dont go on holiday to Ibiza, i hate hate hate it"
"oh really what experience have you for that triple hateage"
"i picked up a Suntours brochure once"
I can "cope" without them, I guess I could "cope" without an indoor toilet, it just easier with them, and it makes money for me.
It may not be irresponsible to Dave but in general to say 'I've a credit card, I think they're brilliant, get one' sounds very Father Dougal to me.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Sounds like you were irresponsible with them in the past. And who the fuck is Father Dougal?
We're not all a financial genius like you
Who's father dougal? :eek: Father Ted ring any bells?
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
thats because CC vouchers arent a fucking credit card.. they have no secure code.. they have no chip on them.. they are not the same thing as credit cards. end of.
yes it does.. but i've not said that once.. not once... but you in fact said "but I hate hate hate credit cards with a passion so if you can at all cope without one, don't get one "... thats father dougal at his best.
Nope.
I still don't get what's wrong with advising people to steer clear of credit cards if they don't need them? You're just firing on all cylinders now for the sake of arguing with me. I'm under no illusion that people will take my word as gospel here. Like everyone else I'm giving my opinion and I stick to HATING them and would advise EVERYONE not to get one if they can cope without them. You say otherwise... I don't get why you're jumping down my throat here.
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
if you are smart with your spendings, then credit cards are great. but if you lack responsibility in that area... you should cut them up now.
take a voucher to a cash machine and try and get money out.
i didnt say otherwise... i gave the pro's of having a CC but left the decision up to Audio.. you advised him what to do... not me.
i've given up arguing.. you win.. i dont actually care enough
p.s. have a good weekend though
First off, hardly anyone got tix to that Vic concert, you can't blame your CC for that.
Secondly, when you get cash back or incentives from using your credit cards, they're earning you more money when used responsibly. I put a car (that I could have paid cash for) on a credit card just to get my 5% cash back. Which in turn made the car cost over a thousands dollars less than my lowest offer at the dealership. Paid the CC off in full the same month. CC's can be used to your advantage....but its all in being responsible!
I will
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
I've never had a credit card...yet I was perfectly able to join the 10c, and buy a lot stuff from them, including tickets.
I don't wanna think, I wanna feel
Dublin 23/08/06 Lisbon I 04/09/06 Lisbon II 05/09/06 Paris 11/09/06 Verona 16/09/06
London 18/06/07 Dusseldorf 21/06/07 Copenhagen 26/06/07 Nijmegen 28/06/07
yeah debit card perhaps.. i dont think Helen has one of those either.
but using a debit card means you are more exposed to fraud.. that was my point on CC's all along.
YOU CANNOT DISPUTE A PURCHASE MADE WITH A PREPAID CREDIT CARD.
End of story.
You lose your money, you are shit out of luck.
A credit card purchase can be disputed.
This is simple economic procedure.
And without a credit card, you have no credit history to back you when you apply for a loan or want to purchase a home.
Dunk, you don't like Ibiza???!?
ps...wth is a prepaid cc??? Is this one of those Visa cash cards???
And I don't feel right when you're gone away
I don't wanna think, I wanna feel
Dublin 23/08/06 Lisbon I 04/09/06 Lisbon II 05/09/06 Paris 11/09/06 Verona 16/09/06
London 18/06/07 Dusseldorf 21/06/07 Copenhagen 26/06/07 Nijmegen 28/06/07
little story on using debit cards...my friend stayed at this hotel for 2 nights and they charged her *4 times* what they should have on her DEBIT card- her bank account was overdrawn and she had NO money. She eventually resolved the problem with the hotel but it took weeks and she was broke the whole time. That's why I use my credit cards for stuff like that.
And you can get credit history by taking out a loan. I've said that before. I had a loan before I ever had a credit card. I know people who have bought houses without ever having owned a credit card. That's an urban myth
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
Verona??? it's all surmountable
Dublin 23.08.06 "The beauty of Ireland, right there!"
Wembley? We all believe!
Copenhagen?? your light made us stars
Chicago 07? And love
What a different life
Had I not found this love with you
yes but read all the fine print before transferring. Some cards stipulate that they can increase your miniumum payment if more than a certain percentage of the available credit line is from a balance transfer (discover is good for this one). Others (capital one) stipulate that you have to make a certain number of purchases a month to maintain the low balance transfer APR.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
I haven't done it personally, but I know you have to be careful with it. Once you tranfer the balance to say like a 0% card for 6 months or whatever....DON'T USE THAT CARD FOR ANYTHING! Even if you put 1 dollar on it, everything you pay on it will go towards the 0% stuff first. So you end up paying interest on that one dollar charge. And if the card isn't paid off at the end of the 6 months, they usually put a clause in there about backdating the interest. So Even if you have it paid down to one penny, you get back interest from what you started with. It's kind of a trap, just be careful about it, and it's a good way to help you get out of debt.
when you say "discover is good for this one" do you mean discover does this (increases the minimum payment)?
yes, I read a Discover Card disclosure where they stipulated that they could change the way they calculated your minimum payment (basically doubling your payment every month), if more that 85% of the balance due was from a balance transfer. Now of course they would do this 6 months after you transfer at the introductory rate. So you'd become used to one payment and then have it double after 6 months but you'd keep the same APR. I think they would basically charge you 4% of your balance every month.
Admin
Social awareness does not equal political activism!
5/23/2011- An utter embarrassment... ticketing failures too many to list.
oh well my transfer wouldn't be that much. and I usually pay double the minimum anyway. thanks for the info.
EV- 08/09,10/2008.06/08,09/2009
since im in the "biz" and all, its important to have and build your credit but its also important to be responsible and not abuse it as many people do. just bc you have a credit card, doesnt mean you are in debt. not all debt is bad. i skimmed through this thread, so im sure im hitting on things that have already been posted, but by not having credit, you are just screwing yourself down the road. creditors like to see how you can manage your money, its what your interest rates and loan amounts are based upon. if your credit report is blank, creditors arent going to feel safe loaning you the money you might need or giving you the low rate, bc they wont know what your spending/repayment habits are like. people really arent educated enough about their own finances. i see it everyday. ignorance really isnt an excuse and predatory lending is nonsense.
i have spoken.