Desirous
Action expresses priorities
Yep - either way you have to pay it back, so might as well pay off with less interest
my credit card just maxed out
- Thread starter Malcolmxxx_23
- Start date
Yep - either way you have to pay it back, so might as well pay off with less interest
Desirous
Action expresses priorities
true prime rate is only like 8%
u ever use balance transfer promos
i got one for 0 percent one time
Mmhmm - it's much lower so a bigger per centage of what you're paying goes towards your actual debt rather than interest. I haven't used that, no. I'm good now - c.c. is $0 and LOC is $0 - I have one in case I ever need it, as back-up though...it's good to have the option.
If you don't borrow at all you don't have to pay back any interest.
Desirous
Action expresses priorities
Well, that's pretty obvious, but sometimes you do...that's why these things exist - to give you the option. Plus, you're building up good credit.
We have a card for emergencies and that's it... why pay a company extra money in interest if you don't have to?
sometimes u have too...stop acting rich..dont u live in bmore
Desirous
Action expresses priorities
If you pay it right away, you avoid interest. I use my C.C. all the time and pay before my next billing cycle...it's actually beneficial to use it if you make your payments in time.We have a card for emergencies and that's it... why pay a company extra money in interest if you don't have to?
Why not use your own cash and not have to worry about payment due dates and billing cycles and stuff like that?
Creating "options" in a lending product is always bad for business. It's all fun and games until you fall on hard times. The only thing good credit allows you to do is borrow more money, it's not good for anything else.
I operate under the opinion of if I can't pay for something outright then I probably don't need it. We've only used our card for getting a new roof (it was something we needed as we got hit by a tornado)... other than that, it's gone unused.
Desirous
Action expresses priorities
I'm organized so for me, it's not a hassle to remember due dates. You build good credit by using your credit card and paying it on time.
Desirous
Action expresses priorities
I use my c.c. for small purchases - not for stuff I cannot afford. If I cannot afford something ultimately, I wouldn't buy it either - I don't like living outside of my means. I think you're under the impression that people only use c.c.'s for stuff they cannot afford...but that's not always the case.
If you do have a credit card and don't use it, your credit score actually goes down.
but your married
its pretty clear that yall dont live the "yolo" lifestyle
you only liv once @Rusty Kuntz
I'm under the impression that most people use credit cards for things they can usually purchase outright. They don't, plus many folks are irresponsible with money.
Credit cards aren't the only way to establish credit. Mine is great, even with the lack of cc use.
Last edited:
ThumpDaddy
All Star
Yeah, I've had credit cards and maxed out a couple. Now I'm too the point that I don't want any bills. I do want one CC for emergency situations but other than that, that's it.