Jump to content

Credit Cards


Recommended Posts

Guest wildpegasus
Posted

So I decided it's probably time to pick up a credit card. Problem is, I'm not sure which one to pick up.

 

 

As with everything in life, wrestling fans who post on message boards know all so I decided to get a discussion about credit cards going here.

 

 

 

What credit card do you use? What are their advantages and disadvantages?

 

Hate them or love them?

Posted

I have a Visa issued by Bank of America. Its strictly a "for emergency use only" mainly because of the shitty interest rate (I think its like 21%). The only advantage I can think of is that its directly linked to my bank account online and I can pay it immediately instead of having to wait for them to decide to credit it and then go late fee happy on it. But chances are if its a big enough emergency to need to use it, I won't be able to avoid the interest and late fees..so..doesn't really matter.

 

The only other Credit Card I have is Best Buy. I took advantage of their No interest for 2 years on HDTVs last october and no interest for 6 months on $300+ to buy my HD-Tivo.

Posted

Only credit cards I have are a Chase VISA, First USA Mastercard, Kohl's and JC Penney's. And the Penney's one won't be too much longer for this world since I just don't use it.

Posted

I have several:

 

Citi Mastercard, Bank One Visa and Discover. I also have Sears and Kohls cards but I just use those when I get extra discounts by using them.

 

My three "main" ones all have cashback offers, and I use the Citi one for everyday purchases. Discover to buy scoopable litter at Sam's Club (that's about all I use it for) and the Bank One is for emergencies. I don't know what the interest rates are because I pay everything off when it's due. The only exception to this is my Discover which has $900 of my !@#$ wedding bill because the better half couldn't pay her share of the expenses off...

Posted

I'm not expert in the matter, Boon, but I do believe I was told before that there's a grace period (more than 2 days, at least) before it actually hits your credit report...as long as you pay whatever ridiculously high late payment fee they make you pay...

Posted
I'm not expert in the matter, Boon, but I do believe I was told before that there's a grace period (more than 2 days, at least) before it actually hits your credit report...as long as you pay whatever ridiculously high late payment fee they make you pay...

Thanks, Lushus.

 

Now if I can just sell my soul to pay off the late fee, I'll be in business.

 

Start the bidding at $5.

Posted

Get a Mastercard or Visa, since any place you patronize is bound to take one or the other, if not both.

 

Some foreign countries are only capable of charging to these two. It even helps in those situations to have both, since a given business might only accept one or the other.

 

Discover cards are supposed to be great with rewards and customer service, but they don't get accepted everywhere.

Posted

Debit card, sucka.

 

My only experience with credit cards are seeing my friends knee-deep in payments. I'm cheap by nature and far from an impulse buyer, so it suits me well.

Posted

^ Then you would be good at building a strong credit history. All you need to do is buy one little thing every month and pay it off in full. If you plan on buying a house someday, it would be a good idea to build up a history.

Posted
Do credit card payments that are late by like two days go on your credit report, and how much can that fuck you over?

Payments have to be 30 days late before they show up as a black mark on your credit report. They track payments that are 30 days overdue, 60 days overdue, and 90 or more days overdue.

 

Incidentally, getting a copy of your credit report and credit score annually is a very wise idea.

Please sign in to comment

You will be able to leave a comment after signing in



Sign In Now
×
×
  • Create New...