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Not sure how to read this. Are you an employee, a former executive, have large accounts with CapOne bank...? A nod is fine; I just don't think such rates are available to any level of retail customer.
No special relationship. My bad joke is that my wallet is near my hip.
It's a capital one visa signature card that I've had since 2005. I don't think you can get it anymore. Interest rate doesn't make a difference to me as I pay the balance off after every billing cycle so I don't pay finance charges. It's fun to tease my Mom that I have a lower interest card than her though lol
It's a nice card with no annual fee and essentially a 1.5% cash back. It's my go to card while spending on other cards if the rewards are better in whatever category. I don't see myself every getting rid of it.
It's a nice card with no annual fee and essentially a 1.5% cash back. It's my go to card while spending on other cards if the rewards are better in whatever category. I don't see myself every getting rid of it.
I'm envious and can't imagine why the terms haven't been slowly changed on you as it seems they have been for everyone. At one time, we had four? cards, two for business and two for home, with substantial limits and interest rates in the 7-9% range. More than once I complained and/or canceled a card that went over 10%.
And then, about 2010, the rates started creeping up, a couple of points a year, with no better alternatives. The Chase card I replaced had hit 18% and generated useless UAL miles, so I replaced it as blah blah blah.
I am pretty disturbed at how many people insist the rate doesn't matter because they always pay it off. You'll note that no one, ever, at any time says, "Yeah, I paid it off every month for years until ____ and had to carry $12k in emergency expenses for a long time"... but we know that happens and an 18-20% rate will slowly strangle you.
I'm envious and can't imagine why the terms haven't been slowly changed on you as it seems they have been for everyone. At one time, we had four? cards, two for business and two for home, with substantial limits and interest rates in the 7-9% range. More than once I complained and/or canceled a card that went over 10%.
And then, about 2010, the rates started creeping up, a couple of points a year, with no better alternatives. The Chase card I replaced had hit 18% and generated useless UAL miles, so I replaced it as blah blah blah.
I am pretty disturbed at how many people insist the rate doesn't matter because they always pay it off. You'll note that no one, ever, at any time says, "Yeah, I paid it off every month for years until ____ and had to carry $12k in emergency expenses for a long time"... but we know that happens and an 18-20% rate will slowly strangle you.
while way too many people don't have any savings you severely underestimate how many people have a lot of money saved and have 0 chance of paying credit card interest
I am pretty disturbed at how many people insist the rate doesn't matter because they always pay it off. You'll note that no one, ever, at any time says, "Yeah, I paid it off every month for years until ____ and had to carry $12k in emergency expenses for a long time"... but we know that happens and an 18-20% rate will slowly strangle you.
Why? I know how much money I have and how much I am spending. If I were to decide to make a purchase beyond my ability to pay in full within 30 days, I would decide how best to finance the purchase. You can rest assured, unless it is a 0% promotional rate, the unpaid balance will NOT be sitting on a credit card.
I'm envious and can't imagine why the terms haven't been slowly changed on you as it seems they have been for everyone. At one time, we had four? cards, two for business and two for home, with substantial limits and interest rates in the 7-9% range. More than once I complained and/or canceled a card that went over 10%.
And then, about 2010, the rates started creeping up, a couple of points a year, with no better alternatives. The Chase card I replaced had hit 18% and generated useless UAL miles, so I replaced it as blah blah blah.
I am pretty disturbed at how many people insist the rate doesn't matter because they always pay it off. You'll note that no one, ever, at any time says, "Yeah, I paid it off every month for years until ____ and had to carry $12k in emergency expenses for a long time"... but we know that happens and an 18-20% rate will slowly strangle you.
You can be “disturbed” but it’s really wasted angst. I have a fair amount of cash in an e-fund to cover pretty large expenses before id have to pay interest. Standing rates 15-20% are the norm even with good credit so I’m not really sure what you are expecting
I am pretty disturbed at how many people insist the rate doesn't matter because they always pay it off. You'll note that no one, ever, at any time says, "Yeah, I paid it off every month for years until ____ and had to carry $12k in emergency expenses for a long time"... but we know that happens and an 18-20% rate will slowly strangle you.
That's what either the cash emergency fund or the 4% HELOC are for.
I am pretty disturbed at how many people insist the rate doesn't matter because they always pay it off. You'll note that no one, ever, at any time says, "Yeah, I paid it off every month for years until ____ and had to carry $12k in emergency expenses for a long time"... but we know that happens and an 18-20% rate will slowly strangle you.
You are not very well acquainted with the regulars in this forum.
I would really like to know how someone could run up a $6800 CC balance? I have two cards, one hasn't been used in years. The one I use for everything makes me real nervous when it gets up to a few hundred dollars, and it's paid off at the end of the month if not before. I have never paid any CC interest. Today the balance on the two cards is $.0..
Are these really necessary charges, or just poor money management? I'm not trying to be cruel, but I just don't understand how one can get this far in to debt?
Around Christmas time just past, I had to pay off a couple of $K CC bill my adult daughter ran up. She has no clue how to manage money and went wild buying gifts for everyone with no way to pay off the card, and didn't give it a thought. She didn't learn that from me..! Young people, and too many adults, today have no concept of the difference between, "I want it, or I need it", don't buy what you want, buy what you need,,! Having a CC makes buying things far too easy and gets one into trouble.
I do realize sometimes things do come up beyond one's control, but I think for the most part it's just poor management.
JMHO...
Tip, tear up both cards today... or, put then in a container, fill it with water and place it in the freezer. When it's harder to get at, your purchases go down.. I wish you luck getting thugs under control.
Not poor money management just management. I charge everything on CC’s in order to receive more cashback and it’s more convenient. Last month I had to pay my Property tax, car and home insurance, new washer & dryer, plus my usual charges and my total for the month was close to $10K for all cards. But it’s always paid in full at the time of billing. I did take a hit on my credit score for the month because I exceeded the 30% limit on my $23K Costco card, but it’s back to 817.
The ones that insist they pay off their credit card every 5 days?
Nope pay it In full the day it's due
Pretty sad state of affairs when people are shocked that other people don't pay credit card interest and have money saved to cover all of their expenses
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