Educate me on Credit Cards!!!

[Lingerfelt 10+ year member]

The funny thing to me is that Capital One gave me a $500 limit when everyone else was loading me up in the thousands. You got a good limit right off the get-go so good on you!
Rick

Yeah, I have my measly $1800 limit while a girl I know (in debt up to her ears no less) just received one with a $5K limit.

Then, I applied for another credit card through Chase, they sent me a letter along the lines of "We're sorry but you currently have the maximum amount of credit we can lend you".

The next week they upped my limit $500... //content.invisioncic.com/y282845/emoticons/wow.gif.23d729408e9177caa2a0ed6a2ba6588e.gif

 

[AudioFonicz 10+ year member]

ive been paying minimum due amounts for a few months now; they havent billed me anything yet?

 

[UberAudio 10+ year member]

ive been paying minimum due amounts for a few months now; they havent billed me anything yet?

Yer an idiot.

NO credit card is 0% interest.

 

[gladiator_jai 10+ year member]

Yer an idiot.
NO credit card is 0% interest.

He may have a introductory 0% apr for like 6 or 12 months.

I have one with a 0% apr for 6 months and 4k limit.

//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif:crap: gotta pay it back in two months //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif:crap:

 

[AudioFonicz 10+ year member]

He may have a introductory 0% apr for like 6 or 12 months.I have one with a 0% apr for 6 months and 4k limit.

//content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif:crap: gotta pay it back in two months //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif:crap:

yeah i signed up with bank of american no apr for 12 months.

but say after 12 months, i will get charged at the end of each billing cycle?

 

[gladiator_jai 10+ year member]

after your honeymoon/0% apr is over, you need to maintain a zero balance, else you will be charged interest(whatever apr% you have) over the whole leftover balance at each billing cycle.

 

[AudioFonicz 10+ year member]

after your honeymoon/0% apr is over, you need to maintain a zero balance, else you will be charged interest(whatever apr% you have) over the whole leftover balance at each billing cycle.

thanks for clearing that up.

 

[flipside1212 10+ year member]

get 1 thats it...i have 4 and i hate life rite now lol/

 

[UberAudio 10+ year member]

He's still an idiot. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

 

[gladiator_jai 10+ year member]

thanks for clearing that up.

np

get 1 thats it...i have 4 and i hate life rite now lol/

I hear ya bud, I was so happy when I got a 4k limit and no interest for 6 months, but now feel like //content.invisioncic.com/y282845/emoticons/crap.gif.7f4dd41e3e9b23fbd170a1ee6f65cecc.gif. Be sure to keep a backup.

 

[gladiator_jai 10+ year member]

He's still an idiot. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

lol

 

[goldenthumb51 10+ year member]

cash ftw!

but if u must, just remember to pay your sh!t off on time (in full too) or they butt-**** with the interest fees. gl

 

[AudioFonicz 10+ year member]

He's still an idiot. //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif

the fvck you talkin bout?

 

[Blazin_Jason 10+ year member]

A lesson I just learned the hard way. Always check your statements and maybe even online more regularly. You don't want to receive a phone call at work from your cc company asking if you were making purchases for Bangkok Airways :S

 

[chucku 10+ year member]

Credit cards have a place, but usually dont get used in that manner. I owe alot of money on one right now, thank god its a buisness card and the interest is tax deductable. They build your credit if you use them sparingly and pay the bill on time! I need to say ON TIME again. I will get long winded on this subject. Im 39 and have a 790 credit score. It got that way by borrowing money and paying it off on time every month, never a late payment, period. Make shure you can make the payment even if you loose your job, get sick, etc. That means having around 6 months salary in the bank. If you cant do that, dont risk it.