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novorua
Waterholic
Registered: 09/19/05
Posts: 446
Loc: Texas
Last seen: 14 years, 2 months
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Credit Card Tips
#4792938 - 10/12/05 01:26 PM (18 years, 3 months ago) |
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I am planning on getting my own credit card soon. I am pretty new to all this, so I was wondering for those of you who your own credit cards, if you have any advice or input? I don't know why but I am like paranoid about having my own card because I've heard all these negative things about credit cards mostly, haha. But the main reason I want one ofcourse its to build my credit history, since I have none.
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HELLA_TIGHT
Madge the Smoking Vag


Registered: 08/19/03
Posts: 84,387
Loc: Afghanistan
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Re: Credit Card Tips [Re: novorua]
#4792942 - 10/12/05 01:27 PM (18 years, 3 months ago) |
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Buy all your grow equipment with it. And lots of spore prints.
And seeds.
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McKennaFan200
AmateurGairologist

Registered: 04/30/04
Posts: 5,395
Last seen: 10 years, 4 months
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Re: Credit Card Tips [Re: novorua]
#4792944 - 10/12/05 01:27 PM (18 years, 3 months ago) |
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DON'T USE CREDIT CARDS.
That's all you need to know.
--------------------
"It seemed to me culture is a shabby lie. Or at least this culture is a shabby lie. If you work like a dog, you get 260 channels of bad television and a German automobile. What kind of perfection is that?"-McKenna
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The14thWarrior
The Shootist

Registered: 09/28/05
Posts: 491
Last seen: 18 years, 3 months
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Re: Credit Card Tips [Re: novorua]
#4792981 - 10/12/05 01:33 PM (18 years, 3 months ago) |
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Pay off the balance every month. Don't use it for stupid, small purchases. Everytime I See some fat-cow at McDonalds using her (no doubt, high balance) credit card, I want to ask if shes going to be getting between 3.9 and 19.9% food every month for using it. It's just a stupid idea to pay interest when you don't have to.
www.usingcreditwisely.com
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Adom
Totally Nude

Registered: 09/30/01
Posts: 10,877
Loc: Way Up North
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Re: Credit Card Tips [Re: novorua]
#4792987 - 10/12/05 01:35 PM (18 years, 3 months ago) |
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Make sure you aren't being raped with the interest rate.
You probably don't want a large credit line if it's your first card.
Use the damn thing responsibly, don't pay minimum payments. Don't buy crap you don't need and can't afford.
The reason credit cards have a bad name is because of stupid/careless people, if you can handle your spending habits responsibly you shouldn't have a problem.
I only use them for hotels, airline and internet purchases.
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The14thWarrior
The Shootist

Registered: 09/28/05
Posts: 491
Last seen: 18 years, 3 months
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Re: Credit Card Tips [Re: Adom]
#4792994 - 10/12/05 01:36 PM (18 years, 3 months ago) |
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*prostitutes
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Adom
Totally Nude

Registered: 09/30/01
Posts: 10,877
Loc: Way Up North
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I usually pistol woop hookers then hate rape them... fuck spending money on that used up shit.
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The14thWarrior
The Shootist

Registered: 09/28/05
Posts: 491
Last seen: 18 years, 3 months
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Re: Credit Card Tips [Re: Adom]
#4793048 - 10/12/05 01:46 PM (18 years, 3 months ago) |
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good call..... can you use acredit card for bail?
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novorua
Waterholic
Registered: 09/19/05
Posts: 446
Loc: Texas
Last seen: 14 years, 2 months
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Quote:
The14thWarrior said: good call..... can you use acredit card for bail?
what about travellers check?
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phi1618
old hand

Registered: 02/14/04
Posts: 4,102
Last seen: 13 years, 8 months
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Re: Credit Card Tips [Re: novorua]
#4793113 - 10/12/05 01:58 PM (18 years, 3 months ago) |
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Use the card for whatever you want, just don't spend more money (less a few thousand dollars padding for when your car breaks down or whatever) than you have in the bank and pay it off every month.
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WoodsCall
own it


Registered: 12/06/04
Posts: 1,486
Loc: eye of the beerholder
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Re: Credit Card Tips [Re: novorua]
#4793175 - 10/12/05 02:12 PM (18 years, 3 months ago) |
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Just to reiterate: Yes, mosdef pay the balance off in full every month. YOu won't have to pay ANY interest if you do that.
If you can, get one with beginning credit limit of under $500. Work your way up slowly, until you know you've a handle on your finances.
It is imperative that you are controlled with your cash before you even think about applying for a credit card, or you'll end up in debt within a few months.
Don't get a card for your favorite store. A gas station card might work if you can only use it there. I mean how much can you actually buy at a gas station?? That might be the best way to build up yur credit until you can get something like a visa or discover.
--------------------
Live free or die.
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QuantumMeltdown
Space Monkey



Registered: 10/31/01
Posts: 4,962
Loc: Ft. Lauderdale, FL
Last seen: 5 months, 9 days
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Quote:
The14thWarrior said: good call..... can you use acredit card for bail?
Yes you can use a charge card if your going through a bondsman. Thats why I like having one. If something bad happens I don't have to call mom and dad and beg and cry for them to get me out. I just call the bondsman and pay with my master pimp.
-------------------- -QuantumMeltdown Total abstinence is so excellent a thing that it cannot be carried to too great an extent. In my passion for it I even carry it so far as to totally abstain from total abstinence itself. -Mark Twain "The time has come the walrus said, little oysters hide their heads, my Twain of thought is loosely bound I guess its time to Mark this down, Be good and you will be lonesome Be lonesome and you will be free Live a lie and you will live to regret it That's what livin' is to me That's what livin' is to me" Jimmy Buffett
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ZippoZ
Knomadic


Registered: 06/17/03
Posts: 13,227
Loc: Pongyang, North Korea
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let me give you some advise, dont get one, as a man who is 8 grand in debt, well not all from credit cards dont do it. just dont
things get out of hand with those things
-------------------- PEACE
zippoz "in times of widespread chaos and confusion, it has been the duty of more advanced human beings - artists, scientists, clowns, and philosophers - to create order. In such times as ours however, when there is too much order, too much m management, too much programming and control, it becomes the duty of superior men and women and women to fling their favorite monkey wrenches into the machinery. To relieve the repression of the human spirit, they must sow doubt and disruption" "People do it every day, they talk to themselves ... they see themselves as they'd like to be, they don't have the courage you have, to just run with it."
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QuantumMeltdown
Space Monkey



Registered: 10/31/01
Posts: 4,962
Loc: Ft. Lauderdale, FL
Last seen: 5 months, 9 days
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Re: Credit Card Tips [Re: ZippoZ]
#4793246 - 10/12/05 02:30 PM (18 years, 3 months ago) |
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Quote:
zippoz said: let me give you some advise, dont get one, as a man who is 8 grand in debt, well not all from credit cards dont do it. just dont
things get out of hand with those things
Only if you don't have any self control. Think of it as a test.
-------------------- -QuantumMeltdown Total abstinence is so excellent a thing that it cannot be carried to too great an extent. In my passion for it I even carry it so far as to totally abstain from total abstinence itself. -Mark Twain "The time has come the walrus said, little oysters hide their heads, my Twain of thought is loosely bound I guess its time to Mark this down, Be good and you will be lonesome Be lonesome and you will be free Live a lie and you will live to regret it That's what livin' is to me That's what livin' is to me" Jimmy Buffett
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HELLA_TIGHT
Madge the Smoking Vag


Registered: 08/19/03
Posts: 84,387
Loc: Afghanistan
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Re: Credit Card Tips [Re: ZippoZ]
#4793265 - 10/12/05 02:34 PM (18 years, 3 months ago) |
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Glass blowing doesn't pay off, does it?
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novorua
Waterholic
Registered: 09/19/05
Posts: 446
Loc: Texas
Last seen: 14 years, 2 months
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Hmm..thanks for the tips.
To build ones credit, it does not matter how often you use the card right? I mean let's say I only use the card once a month(just as example) and if i can pay that off every month my credit history will be good. or if i spend more and pay all of it off is my credit history excellent or still as good? does this make sense?? lol
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Le_Canard
The Duk Abides

Registered: 05/16/03
Posts: 94,392
Loc: Earthfarm 1
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Re: Credit Card Tips [Re: novorua]
#4793329 - 10/12/05 02:47 PM (18 years, 3 months ago) |
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As long as you keep the payments up to date, you should be fine. But there's the rub. As Zippoz said, it's all too easy to let things get out of control. Take care with those things!
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rod
Ψ


Registered: 06/29/05
Posts: 3,727
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Re: Credit Card Tips [Re: novorua]
#4793331 - 10/12/05 02:47 PM (18 years, 3 months ago) |
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also, do some looking ,and comparing, before you fill out anything. To many inquiries, will hurt your chance of a good rate card. Have you got your free credit report this year. Your entitled to a free one once a year, but dont get suckered by one of those sound alike( for charge ) sites.
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Money control is different from self control.
don't go on a shopping spree or rely on it in anyway. Emergency only for bills or gas.
fuck it whatever...
debt sucks... don't get sucked in.
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AliceDee
-L S D-

Registered: 08/10/03
Posts: 3,957
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Re: Credit Card Tips [Re: Cowgold]
#4793340 - 10/12/05 02:50 PM (18 years, 3 months ago) |
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i only use it for small amounts (its not stupid unless you do it all the time, to whoever said it was stupid) so i can easily pay it off at the end of the month...
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AliceDee
-L S D-

Registered: 08/10/03
Posts: 3,957
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Re: Credit Card Tips [Re: AliceDee]
#4793343 - 10/12/05 02:52 PM (18 years, 3 months ago) |
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and for bailing someone out you have to use cash... i know this from personal experience...
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QuantumMeltdown
Space Monkey



Registered: 10/31/01
Posts: 4,962
Loc: Ft. Lauderdale, FL
Last seen: 5 months, 9 days
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Re: Credit Card Tips [Re: AliceDee]
#4793473 - 10/12/05 03:21 PM (18 years, 3 months ago) |
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Quote:
AliceDee said: and for bailing someone out you have to use cash... i know this from personal experience...
Not true. If you go through a bondsman they except charge and they go and post the cash at the jail to get you out for a 10% fee. I know this from experience.
-------------------- -QuantumMeltdown Total abstinence is so excellent a thing that it cannot be carried to too great an extent. In my passion for it I even carry it so far as to totally abstain from total abstinence itself. -Mark Twain "The time has come the walrus said, little oysters hide their heads, my Twain of thought is loosely bound I guess its time to Mark this down, Be good and you will be lonesome Be lonesome and you will be free Live a lie and you will live to regret it That's what livin' is to me That's what livin' is to me" Jimmy Buffett
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afoaf
CEO DBK?


Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
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Re: Credit Card Tips [Re: novorua]
#4793627 - 10/12/05 03:50 PM (18 years, 3 months ago) |
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use it to buy things that you can pay off in the first billing period after purchase
-------------------- All I know is The Growery is a place where losers who get banned here go.
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debianlinux
Myconerd - DBK



Registered: 12/09/02
Posts: 8,334
Loc: Over There
Last seen: 7 months, 21 hours
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Re: Credit Card Tips [Re: afoaf]
#4793838 - 10/12/05 04:31 PM (18 years, 3 months ago) |
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if you're careful you can put almost all your expenditures on CC and pay it off regularly thereby avoiding interest and boosting your credit rating rather quickly. i have it pretty nice, my job reimburses all my job-related expenses of which there are roughly $3K a month. i put every bit of it on credit and pay the balance with my weekly expense checks.
remember one thing. everything you put on CC is basically on your "permanent record". after some time that record becomes a liability if your paranoid. I mean, "they" can see where you're going, what you're eating, what you wipe you're ass with, what VD you have, etc.
CCs are THE way to go for internet purchases and other situations where you might have to dispute the charges. i recently got ripped on a mattress and my CC company just credited it right back when I called them about it.
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Adom
Totally Nude

Registered: 09/30/01
Posts: 10,877
Loc: Way Up North
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Re: Credit Card Tips [Re: Cowgold]
#4793921 - 10/12/05 04:44 PM (18 years, 3 months ago) |
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no money control is part of self control how can it be seperate when it's completely up to your self?
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afoaf
CEO DBK?


Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
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you should get yourself a southwest cc.
you earn credits towards free flights with it as you spend.
I use a CC for the same thing...strictly business expenses...I even get double points when I use my SW card to buy SW tickets.
I can then sell my free roundtrip vouchers for 300 a pop.
it's a sweet deal...
united has a similar one, but they charge an annual fee.
-------------------- All I know is The Growery is a place where losers who get banned here go.
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Re: Credit Card Tips [Re: Adom]
#4794038 - 10/12/05 05:07 PM (18 years, 3 months ago) |
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well everything in that case is self control...
The point I'm making is that in a bind you'll put a bill, gas or maybe something else of necessity on the card and get caught up chasing debt from then on. Far different from going on a shopping spree buying the things 'I just can't live without' (wants).
It's like starving and then eating unhealthy food. (which happens to be healty in that given situation) Then someone coming along and saying, "that person has no self control."
Having debt is not an indicator of no self control.
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afoaf
CEO DBK?


Registered: 11/08/02
Posts: 32,665
Loc: Ripple's Heart
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Re: Credit Card Tips [Re: Cowgold]
#4794048 - 10/12/05 05:10 PM (18 years, 3 months ago) |
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it is if you go beyond the level of paying for necessities with the card and chasing debt.
why doesn't the person have the self control to live within their means?
-------------------- All I know is The Growery is a place where losers who get banned here go.
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Re: Credit Card Tips [Re: afoaf]
#4794058 - 10/12/05 05:12 PM (18 years, 3 months ago) |
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Good point. But, we all know life isn't so cut and dry. It's live and learn. I would consider it a thing of ignorance rather than self control.
Edit: and emergencies happen and can't be planned for.
Edited by Cowgold (10/12/05 05:13 PM)
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
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Re: Credit Card Tips [Re: afoaf]
#4794072 - 10/12/05 05:15 PM (18 years, 3 months ago) |
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I use my credit card for pretty much all my purchases. All my bills, gas, groceries etc. go on the card. I pay off my balance in full each and every month and I do that online as well (since the card is linked to my checking account). It really makes life much, MUCH easier. It also allows me to track my spending. If I use cash the only records I have are ATM withdrawals. I end up at the end of the month going: "Where did I spend that $20?, I see the withdrawal but have no clue what I used it for". With the card I have a record of all my expenditures, so instead I say: "Damn, another $20 at porno palace, a gf might be cheaper".
Someone mentioned reward cards in a previous post. They're nice because you might as well get something for using a card. Keep in mind however that "reward cards" usually have enormous interest rates; so if you don't pay the balance you get ass raped (rather than the normal raping done by a normal CC).
I started with an airline card and realized it would take me forever to get enough points to go anywhere. SO I switched to a 1% cash back card. Now I put about $600 a month on my card which I pay off in full each month so I make a whopping $6 a month for using the card. It sounds trivial, BUT if you make a larger purchase you'll get more. FOr instance, I have about 2K saved for a new TV. I'll get 1% of that just for using my CC to buy the TV instead of cash. Not much, but it'll buy me batteries for the TV remote.
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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TastyWaves
Cool buzz!

Registered: 10/12/05
Posts: 141
Last seen: 18 years, 3 months
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Re: Credit Card Tips [Re: novorua]
#4794075 - 10/12/05 05:15 PM (18 years, 3 months ago) |
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Buy like $100-$300 worth of stuff with it but don't max it out. Then pay $20 more than the minimum payment every month until paid off, repeat.
The object is NOT to pay the card off in full each month if you are attempting to build a credit rating. The goal is to carry a balance, but keep it a small balance, and make regular timely monthly payments higher than the minimum payment.
Keep on doing this and your credit rating will soar and more credit card offers will come. When they do, do not accept all of them, but only 2-3 more at first. Then use the same strategy with the new cards until the platinum card offers come.
By then you'll be able to finance a car, house, whatever you want.
Also, NEVER use a credit card to obtain a cash advance.
-------------------- Spread the love of PLUR ratings!! We shall overcome the ev0l bondage of the ratings system!! PLUR PLUR PLUR PLUR PLUR PLUR PLUR PLUR Join us!! Punch and pie.
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badchad
Mad Scientist

Registered: 03/02/05
Posts: 13,372
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Re: Credit Card Tips [Re: TastyWaves]
#4794094 - 10/12/05 05:18 PM (18 years, 3 months ago) |
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Quote:
TastyWaves said: Buy like $100-$300 worth of stuff with it but don't max it out. Then pay $20 more than the minimum payment every month until paid off, repeat.
The object is NOT to pay the card off in full each month if you are attempting to build a credit rating. The goal is to carry a balance, but keep it a small balance, and make regular timely monthly payments higher than the minimum payment.
Keep on doing this and your credit rating will soar and more credit card offers will come. When they do, do not accept all of them, but only 2-3 more at first. Then use the same strategy with the new cards until the platinum card offers come.
By then you'll be able to finance a car, house, whatever you want.
I've always found this interesting. You gain MORE credit by carrying a balance (rather then paying it off in full). Whats the rationale behind this? (the only thing I could come up with was demonstrating the ability to manage a rolling debt).
-------------------- ...the whole experience is (and is as) a profound piece of knowledge. It is an indellible experience; it is forever known. I have known myself in a way I doubt I would have ever occurred except as it did. Smith, P. Bull. Menninger Clinic (1959) 23:20-27; p. 27. ...most subjects find the experience valuable, some find it frightening, and many say that is it uniquely lovely. Osmond, H. Annals, NY Acad Science (1957) 66:418-434; p.436
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debianlinux
Myconerd - DBK



Registered: 12/09/02
Posts: 8,334
Loc: Over There
Last seen: 7 months, 21 hours
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Re: Credit Card Tips [Re: badchad]
#4794101 - 10/12/05 05:20 PM (18 years, 3 months ago) |
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well, as i understand it, having a $0 balance is akin to bad credit. it's a liability. you could, theoretically, go out and max your card overnight.
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Cowgold
Bullshit


Registered: 04/04/05
Posts: 12,486
Loc: .
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Re: Credit Card Tips [Re: TastyWaves]
#4794106 - 10/12/05 05:20 PM (18 years, 3 months ago) |
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If you want a higher limit then max that bitch out and pay it all off every month. They'll see that you're too responsible with your card and give you more slack to hang yourself.
Seriously, I think CC companies were created to show how irresponsible everyone is and that that's why communism sucks... but not really.
I almost forgot...

Edited by Cowgold (10/12/05 05:23 PM)
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TastyWaves
Cool buzz!

Registered: 10/12/05
Posts: 141
Last seen: 18 years, 3 months
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Re: Credit Card Tips [Re: badchad]
#4794122 - 10/12/05 05:24 PM (18 years, 3 months ago) |
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The reasoning is simple. People who pay off their cards every month do not make card issuing banks any money.
It is the most sensible thing for you to do financially, therefore they don't like it.
You want to make yourself appear to them as someone who will maintain balances on their cards, but who always pays the payments, so therefore they think you'll pay them assloads of interest over the years, then they will try to load you down with credit cards.
I know, it's stupid. People who pay off their cards in full each month are actually seemingly to me to be the MOST worthy of trust. But the credit agencies disagree.
-------------------- Spread the love of PLUR ratings!! We shall overcome the ev0l bondage of the ratings system!! PLUR PLUR PLUR PLUR PLUR PLUR PLUR PLUR Join us!! Punch and pie.
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cosmicpirate
Doppelganger

Registered: 08/07/05
Posts: 43
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Re: Credit Card Tips [Re: TastyWaves]
#4795297 - 10/12/05 09:01 PM (18 years, 3 months ago) |
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Be careful with credit. I know people who are SLAVES to their plastic and far in debt. I use my card sparingly through the month and then pay it in full EVERY month, never carrying a balance over and my limit raised from $200 to $5000 in about one year. I had to call the company and tell them to bring it down because carrying 5 G's in my pocket didn't seem very safe like if my wallet was lost, etc.
It's kind of funny though and a little stupid now that I think of it, but I got pulled over on I5 heading to Vancouver because the Canadian's customs officer thought I appeared drunk. Well, I wasn't drunk, but really high on morphine. The cop was threatening to seize my car and shit. Anyway, after my friends and I got a little lippy with the agents, they DID seize my car because they found a few xannie bars in an unmarked bottle. They fined me and said I would have to pay to get my car back. I walked up to the desk with about three canuck agents staring me down like I had tried to smuggle cartel load worth of shit across and I pulled the Mastercard out of my wallet and asked "Can I charge it, dude?" Priceless.
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Scarfmeister
Thrill Seeker
Registered: 10/31/02
Posts: 8,127
Loc: The will to power
Last seen: 4 years, 6 months
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Re: Credit Card Tips [Re: novorua]
#4795310 - 10/12/05 09:03 PM (18 years, 3 months ago) |
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Its a learning experience my friend. You will fuck up your credit one time or another. I cut my amex gold in half when i went back to college.
-------------------- -------------------- We're the lowest of the low, the scum of the fucking earth!
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AliceDee
-L S D-

Registered: 08/10/03
Posts: 3,957
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Quote:
QuantumMeltdown said:
Quote:
AliceDee said: and for bailing someone out you have to use cash... i know this from personal experience...
Not true. If you go through a bondsman they except charge and they go and post the cash at the jail to get you out for a 10% fee. I know this from experience.
no shit you also have to put the other 90% of stuff you own as collateral...
going through a bondsman is a lot different than straight up paying for your bail... i garentee you im not wrong... if i am gimme a link...
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GrapeSoda
Green Raindrop

Registered: 08/17/05
Posts: 37
Loc: France
Last seen: 17 years, 9 months
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Re: Credit Card Tips [Re: novorua]
#4795452 - 10/12/05 09:25 PM (18 years, 3 months ago) |
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Its pretty simple.
Buy something, pay the balance as soon as you receive it. Look at it as a bank card, and you'll have no troubles.
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Vvellum
Stranger

Registered: 05/24/04
Posts: 10,920
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Re: Credit Card Tips [Re: novorua]
#4795691 - 10/12/05 10:01 PM (18 years, 3 months ago) |
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credit cards are the devil. 666. avoid.
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