by tovarichpeter ➕follow (7) 💰tip ignore
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This is shit and unethical, as far as I'm concerned, and can't be recommended except for the lack of alternate solution.
You can't say the average man on the street is a moron.
The only way in my view to use a credit card is automatic full payment on a no annual fee card.
I will and did. Most men are idiots. Same with women. We focus too much during childhood on some of the dumbest shit "trying" to educate our kids in fields and topics that will be of no use to the average person. I can promise you, 9 out of 10 kids graduating high school don't understand how interest even works on a credit card statement
Don't hate the game, learn to understand the game.
Look, it doesn't matter if you understand how rates work if the bank can change them at will and with limited notice
What a few hundred bucks? A bait? A bribe? They would have you dance like a bear in a circus for a few crumbs. This is undignified.
Yeah, and have a damn emergency fund for items that come up, that are ACTUAL EMERGENCIES! Don't use debt for those scenarios.
Chill, dude.
Question: is anyone getting points for making car payments, insurance premiums, mortgages etc?
It doesn't become debt in my opinion until interest is charged. It's up to you to not let it become debt. It's an interest free, deferred payment for whatever the clearly stated grace period is. Spend what you have within reason. Pretty simple. Then pay it off. Is personal responsibility a thing of the past or something?
I'm surprised nobody mentioned "0% APR, no fee" credit cards. Beautiful tool if you use it wisely.
Iranian_Oil_Burse saysI'm surprised nobody mentioned "0% APR, no fee" credit cards. Beautiful tool if you use it wisely.
I've used them. And yes they are super valuable if you can get a decent credit line and terms of repayment. Those cards generally (not always) don't kick back rewards, but that's obviously not your point.
If you've got a $5k home improvement project and can pay back $400-500/mo over 12-18 months, it's a golden product. You'll take the normal credit inquiry ding and then any utilization ratio dings, but if it's not for a new wardrobe or bitcoin, you should be good if you're disciplined.
Also works well for seasonal workers or commission based workers that know they'll have the money to repay in the future on a pretty guaranteed basis. Still a little risky for them though.
You'll take the normal credit inquiry ding and then any utilization ratio dings
This is how forums work, dude. You make comments on a topic that was brought forth.
WookieMan saysYou'll take the normal credit inquiry ding and then any utilization ratio dings
I found these to be negligible.
That response to your comment was totally personal so I marked it as such.
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