got my credit score above 720 then got rid of all my credit cards.....Visa/Mastercard Debit cards all the way....
What's your credit card setup like?
- Thread starter winb83
- Start date
ll_simon
GQ MoTY Candidate
Most positive thread I've ever seen in the coli, not a single troll/hate post yet. Big ups to everyone in here that contributed 
BlvdBrawler
Superstar
Chase Freedom= $4300 limit. Balance: $0.
Best Buy= $2700 limit. Balance: $0.
Best Buy Mastercard= $2000 limit. Balance: $0.
Amex Green: $10000 limit. Balance: $0.
Bought and paid off car within 4.5 years. Never late.
Sallie Mae:Just started paying on my loans. Finna start doubling the payments.
My credit game skrong. I also have a standing offer for the Platinum Amex. I don't wanna pay that fee. And I don't buy enough to get the cash back to cover it. I just want the card as a status symbol and I understand it's not a smart financial move right now. Chase stay offering me one of their best cards...I forget the name.....
...Sapphire Preferred
Credit cards as status symbols?
Credit cards as status symbols?
I know. i'll never get it though. i am NOT about paying that fee.
Why is it better
Would you rather your cash be tied up on a return or a dispute, or lose your cash versus just having to dispute a credit charge and possibly cancel a CC?
HookersandIceCream
#TeamOrange
Trying to be about that Sapphire life 
exactly debit cards are garbage. i only use mine when i want cashback or at an ATM. if your debit card gets compromised you could be out of whatever is in your checking account for a while. sure you can get it back but you'll have to wait till the bank sorts it out and have some downtime where your balance is screwed up. if a credit card gets compromised no real money is ever lost.
I've had a debit card since I was 19 at this point probably used it for thousands of transactions, never lost my cash, no idea how that could even happen. I have had disputes happens a couple of time but one call to the bank and they was taken care of
Target just had a data breach where millions of cards were compromised. hell they tried to hide it. debit cards are too risky to justify using. consumer protection isn't exactly the same on them as credit cards especially when functionally you can get a credit card and treat it like you would a debit. set up auto-transfers and only buy what you have the cash to pay off immediately. debit cards are borderline worthless when you take that into account. in reality an ATM card is actually lest risky than a debit card.
i know plenty of people who are both black and responsible enough to manage their spending.
o so wait credit card fraud don't exist? The term is called credit card for a reason And as long as your debit card ain't from the bank of Somalia your money is federally insured if the worse were to happen
it does but the protection against it is better by law. if somebody wipes out my debit card my checking account is now empty and depending on how fast i noticed and reported it i could be responsible from $500 or up to the whole amount and even if i'm not held responsible it could take two weeks for the bank to get me my money back.
And as long as your debit card ain't from the bank of Somalia your money is federally insured if the worse were to happen
in the face of that what's the advantage over a credit card where at the worse i'm only responsible for a max of $50 and no real money is lost if it's compromised because it's credit not my bank account?
what benefits am i getting for that risk? none.
Chase Freedom= $4300 limit. Balance: $0.
Best Buy= $2700 limit. Balance: $0.
Best Buy Mastercard= $2000 limit. Balance: $0.
Amex Green: $10000 limit. Balance: $0.
Bought and paid off car within 4.5 years. Never late.
Sallie Mae:
My credit game skrong. I also have a standing offer for the Platinum Amex. I don't wanna pay that fee. And I don't buy enough to get the cash back to cover it. I just want the card as a status symbol and I understand it's not a smart financial move right now. Chase stay offering me one of their best cards...I forget the name.....
...Sapphire Preferred
credit karma score 582
best buy = 300 limit. balance 200
bmi fcu =500 limit balance 490
chase= 500 limit balance 300
macys 900 limit balance 940
nikka step ya game up
jk im working hard to get these down going to vegas march madness weekend money i dont spend(or money i win ) im coming back and getting theses balances down to 0
