Ahh, so it's not people's greed and impatience, it's credit

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Post #111,722 by Arkadiy 7/28/03 11:55:17 AM Reply	Ahh, so it's not people's greed and impatience, it's credit I have about 15 of them, 0 balance on all but one, pay that one in full every month. When you use them that way, it's a free service: double warranty, dispute resolution, convenience. When you use them any other way, it's your own damn choice. -- Less Is More. In my book, About Face, I introduce over 50 powerful design axioms. This is one of them. --Alan Cooper. The Inmates Are Running the Asylum
Post #111,726 by a6l6e6x 7/28/03 12:15:53 PM Reply	Agreed. I have one Visa (via my Credit Union) and one Master card. The Master card is a "back-up" in case the Visa can't be used for some reason. On the Visa, I get "brownie points" worth almost 1% of what I spend exchangeable for merchandise or airline tickets. I never carry a month to month balance and pay on line with a (free) funds transfer. The Visa credit card is the payment method of choice for me. It works for me. I would hate to keep track of 15 credit cards. :) Alex A government which robs Peter to pay Paul can always depend on the support of Paul. -- George Bernard Shaw
Post #111,742 by bbronson 7/28/03 2:11:12 PM Reply	Bingo
Post #111,760 by Ashton 7/28/03 4:12:09 PM Reply	Good reminder : also dispute resolution, leverage on returns
Post #111,781 by kmself 7/28/03 5:55:11 PM Reply	The problem is if you trip.... The moment your creditworthiness becomes something less than stellar, your rate goes from 4.9% to 21%, and it suddenly becomes very, very difficult to dig yourself back out. \r\n\r\n It's sort of like one of those computer games where the behinder you get the faster they come. Except that the computer doesn't have the full force of the US legal system behind it, or implications on future home ownership. --\r\n Karsten M. Self [link\|mailto:kmself@ix.netcom.com\|kmself@ix.netcom.com]\r\n [link\|http://kmself.home.netcom.com/\|http://kmself.home.netcom.com/]\r\n What part of "gestalt" don't you understand?\r\n [link\|http://twiki.iwethey.org/twiki/bin/view/Main/\|TWikIWETHEY] -- an experiment in collective intelligence. Stupidity. Whatever.\r\n \r\n Keep software free. Oppose the CBDTPA. Kill S.2048 dead.\r\n[link\|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html\|http://www.eff.org/alerts/20020322_eff_cbdtpa_alert.html]\r\n
Post #111,867 by Arkadiy 7/29/03 1:08:25 PM Reply	The problem happens when you don't pay repeatedly. They don't raise your rate just because your "creditwothiness" chnaged (at least I haven't seen it in my agrements). They raise it when you default on payments. If some crds actually base the rate on some kind of credit score, I'd call it a fraud. -- Less Is More. In my book, About Face, I introduce over 50 powerful design axioms. This is one of them. --Alan Cooper. The Inmates Are Running the Asylum

Credit card companies and their increasing power - (lincoln) - (27) - July 27, 2003, 09:41:38 PM EDT

I don't use them - (tuberculosis) - (13) - Aug. 21, 2007, 06:06:17 AM EDT

How do you rent a car? -NT - (Another Scott) - (9) - July 28, 2003, 12:01:09 AM EDT

Many local branches will rent on a debit card - (FuManChu) - July 28, 2003, 02:02:51 AM EDT

AMEX - (SpiceWare) - (7) - July 28, 2003, 10:32:34 AM EDT

I'll never use them again - (tuberculosis) - (3) - Aug. 21, 2007, 06:07:22 AM EDT

Get it in writing - (kmself) - (2) - July 28, 2003, 05:51:35 PM EDT

Tried that - (tuberculosis) - (1) - Aug. 21, 2007, 06:08:50 AM EDT

Welcome brother - (Ashton) - July 30, 2003, 03:51:16 AM EDT

I like Discover - (bbronson) - (2) - July 28, 2003, 11:28:02 AM EDT

But isn't that the only sane way to use any CC? - (Ashton) - (1) - July 28, 2003, 04:09:02 PM EDT

Yessirree, but trying to convince some people of this - (bbronson) - July 28, 2003, 06:27:58 PM EDT

I've cut back on my use of them - (orion) - July 28, 2003, 12:05:51 AM EDT

CC advantages - (kmself) - July 28, 2003, 01:25:59 AM EDT

Credit card is much better if used correctly - (bluke) - July 31, 2003, 08:23:06 AM EDT

It's that penultimate sentence which is the Killer - - (Ashton) - July 28, 2003, 03:49:59 AM EDT

Ahh, so it's not people's greed and impatience, it's credit - (Arkadiy) - (5) - July 28, 2003, 11:55:17 AM EDT

Agreed. - (a6l6e6x) - July 28, 2003, 12:15:53 PM EDT

Bingo -NT - (bbronson) - July 28, 2003, 02:11:12 PM EDT

Good reminder : also dispute resolution, leverage on returns -NT - (Ashton) - July 28, 2003, 04:12:09 PM EDT

The problem is if you trip.... - (kmself) - (1) - July 28, 2003, 05:55:11 PM EDT

The problem happens when you don't pay - (Arkadiy) - July 29, 2003, 01:08:25 PM EDT

Re: Credit card companies and their increasing power - (Nightowl) - July 28, 2003, 01:53:50 PM EDT

Forget credit card debt, student loans will sink the U.S. -NT - (inthane-chan) - (4) - July 28, 2003, 06:55:27 PM EDT

don't remind me. - (Steve Lowe) - (2) - July 29, 2003, 12:09:14 AM EDT

Difference between credit card debt and student loans... - (inthane-chan) - (1) - July 29, 2003, 02:04:25 PM EDT

Neoconmen are Incapable of subtle thought; could care less.. -NT - (Ashton) - July 29, 2003, 06:19:28 PM EDT

Canada too - (jake123) - July 29, 2003, 07:35:32 PM EDT

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