I am just wondering after reading many posts on here (and I'm not judging just curious) as to why some people have so many CC? I have one and it has a limit of $5000 and that bugs me that if it was maxed out that I would pay so much interest.
I just think in Australia it isn't easy to get a CC so I don't know many people who have more than 1 so I'm just wondering why some people have several? if you have 1 can't you increase the limit if you need it? if you have several and max them out why would you get more? Is it easy to get credit in America?
As I said I am just curious to why people have several, I'm not judging at all...it just seems credit is so much easier to get in America than most places I wish our home loans were as easy to get as yours, that would make life over here so much easier
credit cards
July 26th, 2018 at 03:36 am
July 26th, 2018 at 04:45 am 1532580353
July 26th, 2018 at 05:33 am 1532583208
July 26th, 2018 at 11:05 am 1532603156
Yes it may be easier to get CC in the States but to a larger point it is a Individual's choice to APPLY for and get them. NOT everyone here has done this. Yes many offer special deals(% off for store cards) etc to get ppl signed up. More and More with promises of airline miles/ rewards credit for certain purchases etc. For every person making cash back of earning enough airmiles to go places but still paying in full there are probably 100's or 1000's who are now in debt paying interest for years.
July 26th, 2018 at 03:03 pm 1532617402
Then for a while I was signing up for lots of cards with a spend X, get $X intro offer. I'd use it until I earned the reward, then pay it off and close the account. I've stopped doing that because I may want to refinance my mortgage at some point and opening and closing CCs impacts my credit score.
Now, I have multiple cards because of the deals they offer. My Amex card offers 6% rewards on grocery purchases and free shipping from Boxed. My Target card gives me an automatic 5% discount on any Target purchase and free shipping on online Target purchases. My CapOne gives me 1.5% cash back on all other purchases. I pay off the complete balance on all the cards on the due date so don't pay any interest.
July 26th, 2018 at 04:49 pm 1532623756
At the 1st of the year, I cut up 15 cards that were no longer used, had expired, changed affiliation, or no longer offered the best discounts. We do our best to stay up on best terms. We have a list on our phone of cards due dates and 'cut off' dates careful to use cards to our advantage without paying fees or interest. I'll pay cash if the merchant will discount.
July 27th, 2018 at 01:37 am 1532655471
I don't think we have many here that offer great deals for anything groceries, gas, airfares etc...you would have to spend so much money to even get anything...so hardly anyone uses it for that....it is still interesting to hear how each country does different things. Payday loans here are highly scrutinized now and a lot of companies have been hit with big fines for lending to people they shouldn't...
I'm more of a cash person we take out cash for groceries and gas then I b-pay everything else except rent which is directly taken out every 2 weeks...
I have to say though I am quite envious of the prices you pay for groceries etc...but I'm also thankful for our health system where we don't pay to see a doctor (unless on high income), have surgery etc...that is nice
July 29th, 2018 at 07:01 pm 1532890864
August 1st, 2018 at 03:13 am 1533093203
August 20th, 2018 at 01:24 pm 1534771493