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No, I'm saying I'm alive and paying attention. I see it happen to MILLIONS of people and many friends. Don't even front like that.Quote:
Originally Posted by burgundy
TNL is not as smart and responsible as if pretends to be. You may have escaped the trap Burg, but do you think AMEX has all those rewards and incentives out of the goodness of their heart? No, it's to trap people in unfortunate circumstances into owing them money.
Credit history can be tracked through utitlies, for example, so the use of a credit card isn't the only indicator of good credit.Quote:
Originally Posted by burgundy
I should have omitted the "don't use CC at all" and re-worded it to "use it wisely", like Rich said. Take out that sentence in my first post and I guess I'm saying the same thing as Rich and others.
you watch millions of people get into inescapable debt
are you god
please say no
So you've seen people get 0% interest car loans and decent mortgages when they have zero credit history?Quote:
Originally Posted by icarusfall
Having friends that arefucking stupid with money that isn't theirs doesn't mean you have any idea of how important credit is.
You've got to be shitting me.Quote:
Originally Posted by icarusfall
Do you think my store has sales out of the goodness of their heart? No. But it's not a trap, it's a way to get customers in your store.
If AMEX offers rewards people might, and do, use their cards over other cards. It's no trap, it's a fucking smart business move.
No, it's a business, one with lots of competition, so they have to attract the most people with things like rewards and incentives. When someone goes into spiraling debt and can't afford to pay the credit cards, they lose money too.Quote:
You may have escaped the trap Burg, but do you think AMEX has all those rewards and incentives out of the goodness of their heart?
You guys are astounding.
Nice retreat.
I do agree that the whole "rewards" system is just a ploy for people to spend more money, increase their debt, and increase the amount of interest payment CC companies receive from their customers. I was in corporate marketing for 4 years, got my Minor in Marketing, so IDBTN.Quote:
Originally Posted by icarusfall
I got a 0% interest car loan when I paid for my car upfront with cash.Quote:
Originally Posted by Opaque
nigga what?
AMEX's rewards are coming out of money they get from the stores from YOU using the card, not the money they get from late payments. The more you use your card, the more premium they get on your purchases from the seller, the more they want you to use the card, the more incentive they will give you to use the card.Quote:
Originally Posted by icarusfall
From what I understand, utilities only count negatively towards credit score and are negligble if paid off every month.Quote:
Originally Posted by Type Ryan
wowzersQuote:
Originally Posted by Yoshi
No one has even made mention of the awesomeness of the 1-2month interest free loans that credit cards effectively allow and the reason I use my credit card over cash.