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Topic	Credit card debt
InfestedAdam 03/06/20 11:50:59 AM #16:	RCtheWSBC posted... Plenty of people do that for the cash back rewards. Not that uncommon. Aye or for other similar rewards such as travel points. So long as one is financially responsible enough to pay off each monthly bill to avoid interest charges and there are no special fees/criteria, the user is literally gaining "free money". Hell, think one of my friends purposely open up new credit cards to get their promotion (i.e. $100-500 cashback if you spend X amount in 90 days) since to him the hit to his credit score for opening a new credit card account is minor enough and worth the the promotion reward. rexcrk posted... Yeah why are people acting like its weird to pay for stuff like groceries and coffee with a card? Maybe credit card in general has a bad reputation due to the irresponsibly folks thinking credit cards are "free money" up until the bill comes in and they owe more money than they have? Overall I do feel not everyone who gets credit card truly understand how they work and/or the fees and other criteria involved. I can understand banks are still a business to make money but I do feel they are a little too eager when it comes to approving credit card applicaitons. One kinda need really bad credit to be turned down I'd imagine. Kyuubi4269 posted... It keeps your card active and builds your credit score. I can't emphasize the importance of the latter enough when it comes to major spending/loans. My brother-in-law had to co-sign for a car years ago because he had no credit history. When I financed a car three years ago I had no issue doing it myself since I had a well established credit history by that point. --- "You must gather your party before venturing forth" "Go for the eyes Boo! Go for the eyes!" <cite>InfestedAdam posted [p:935312721] in Credit car... [t:78453696]...</cite> <quote>RCtheWSBC posted... </cite> <quote>Plenty of people do that for the cash back rewards. Not that uncommon.</quote>Aye or for other similar rewards such as travel points. So long as one is financially responsible enough to pay off each monthly bill to avoid interest charges and there are no special fees/criteria, the user is literally gaining "free money". Hell, think one of my friends purposely open up new credit cards to get their promotion (i.e. $100-500 cashback if you spend X amount in 90 days) since to him the hit to his credit score for opening a new credit card account is minor enough and worth the the promotion reward. rexcrk posted... </cite> <quote>Yeah why are people acting like its weird to pay for stuff like groceries and coffee with a card?</quote>Maybe credit card in general has a bad reputation due to the irresponsibly folks thinking credit cards are "free money" up until the bill comes in and they owe more money than they have? Overall I do feel not everyone who gets credit card truly understand how they work and/or the fees and other criteria involved. I can understand banks are still a business to make money but I do feel they are a little too eager when it comes to approving credit card applicaitons. One kinda need really bad credit to be turned down I'd imagine. Kyuubi4269 posted... </cite> <quote>It keeps your card active and builds your credit score.</quote>I can't emphasize the importance of the latter enough when it comes to major spending/loans. My brother-in-law had to co-sign for a car years ago because he had no credit history. When I financed a car three years ago I had no issue doing it myself since I had a well established credit history by that point. --- "You must gather your party before venturing forth" "Go for the eyes Boo! Go for the eyes!"</quote> ... Copied to Clipboard!
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