Stupid Credit Card Company

Reply Subscribe

Thread Tools

Jun 28, 2007 | 04:16 PM

#11

lash

Senior Member

True Car Nut

Joined: Oct 2005

Posts: 7,030

Likes: 2

From: Central Florida

Quote:

Originally Posted by SSE14U24ME

I have 2 others (the bigger limit ones) in the freezer in a block of ice.

Tracy, I need ice for my drink. Will you send me some???

Once you have decent credit, you can use competing card companies to get some very low rates..mine is currently 7.99%, not that I carry a balance now. I've also used one for business equipment costs. It has some advantages...ASSUMING you have good credit to start with.

Jun 28, 2007 | 05:53 PM

#12

banned3800

Guest

Posts: n/a

Quote:

Originally Posted by GXP_Vince

I bought my whole business on Credit cards, great move for me. Its almost paid off and havent had any problems. I bought about $30000 worth of equipment, 15000 was on credit cards. Almost paid off, was paid off before the wedding haha. You just gotta know how to use them correctly and not irresponsible. They can be evil or they can help, I call it creative financing.

I agree... Good credit can help you... and if you have to be responsible with the cards.. More than most of the time its the person behind the card that makes it Evil...

Thats not to say I haven't dropped credit cards for various reasons.... But I like to keep the lower interest cards... My main card is a Master card.. The highest card I have is 9.99%

__________________
Best Car Insurance | Auto Protection Today | FREE Trade-In Quote

Jun 28, 2007 | 07:00 PM

#13

BonneMeMN

Senior Member

Certified Car Nut

Joined: Jun 2003

Posts: 15,928

Likes: 1

I'm only keeping my $500 limit capital one "platinum" because it'* my longest line of credit (credit history length is around 15% of your FICO). Now, my main one is my significantly larger USAA card which is GREAT, if any of you are in the military, or meet the req'* for having a family member in the services.

I don't know if I'd finance much of a business on a credit card. You're still at almost 11% on your rate.

I was surprised when my auto loan came back @ 6.5% when all i've had is 3 years with credit cards, granted I have a credit score over 700, but nothing long term, or large lending yet.