Credit Card Advice
Got my credit score up into the 600s, so I no longer need one of those securecards. Thinking about applying for this TJ max one. It says interest of APR 27.74% variable. That seems pretty high. Can I get a better deal? How do I close my old account? TYIA.
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Get a payday loan, or I hear Swaye’s relatives have great loan programs.
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Who pays interest on their credit card?
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I use whatever one Mrs. Throbber v2.0 lets me hold on to for the day.
Then I have to give it right back.
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You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
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But Visa gave me a free UW branded frisbee when I signed up a card in college! 😅HuskyJW said:You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
In all seriousness, how does one just starting out (college/post-graduation) build credit w/o a card of some kind? (I’m not saying young people should be forced to get one, but it does seem like a necessary evil.) -
Disagree. You should only have a credit card if you will never miss a payment ever. Credit cards provide rewards, added security for certain transactions, and other perks. Unless you are getting a cash discount you are better off using a credit card for your purchases.HuskyJW said:You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
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Yup. I don’t think anyone would try to argue cash isn’t king, but despite what Dave Ramsey preaches I think paying for certain transactions with a credit card makes sense...even if you don’t have $200k in savings yet (as is the case with many people).Purple_Pills said:
Disagree. You should only have a credit card if you will never miss a payment ever. Credit cards provide rewards, added security for certain transactions, and other perks. Unless you are getting a cash discount you are better off using a credit card for your purchases.HuskyJW said:You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
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Your best effort ever.BennyBeaver said:Who pays interest on their credit card?
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My credit card rate is 8% and does 1% cash back (2% on certain purchases like gas or whatever). Effectively, it has the same rate as my first mortgage in 2008. I use it for EVERYTHING. I'd like to say I keep it paid down. I'd like to say that...
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I'm still stuck on credit score in the 600s. Thoughts and prayers
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HuskyJW said:
You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
It’s a low bar Camas.haie said:
Your best effort ever.BennyBeaver said:Who pays interest on their credit card?
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Being that this is a @FireCohen thread, I can't tell if this satire.HuskyJW said:You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
If it's not, this is shit advice. Credit cards are the easiest free money/miles/rewards you will ever find. And it's all made possible because of the rubes who pay with debit cards and don't reap those benefits (and the merchants who pay the exhorbitant CC fees on your behalf). I haven't paid for a domestic flight in god knows how long. Plus the whole credit building thing. Just don't be a fucking idiot, and pay your bills on time. -
You either have a spending problem or you're a really shitty arbitrageur.1to392831weretaken said:My credit card rate is 8% and does 1% cash back (2% on certain purchases like gas or whatever). Effectively, it has the same rate as my first mortgage in 2008. I use it for EVERYTHING. I'd like to say I keep it paid down. I'd like to say that...
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If you travel, the answer is the Chase Trifecta which is the Chase Reserve, Freedom Unlimited and then the Flex which has rotating categories. If you want to flex on people (I like to say "flex"), then it's the AMEX Trifecta. Otherwise, AMEX Blue Cash Preferred / Citi Double Cash. Alternatively, the Capital One Savor is good if you enjoy a good entertainment evening as I do with my heterosexual lifemate (she/her).1to392831weretaken said:My credit card rate is 8% and does 1% cash back (2% on certain purchases like gas or whatever). Effectively, it has the same rate as my first mortgage in 2008. I use it for EVERYTHING. I'd like to say I keep it paid down. I'd like to say that...
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For the uninitiated, the correct answer is get an amazon credit card. Since you, your husband, and his boyfriend buy all your shit from there, at least get the 5% back to help pay for weekend trips to the Castro.
If you can't pay it off on a monthly basis, well, keep in mind that death is normally grounds to void a contract. -
Must be whatever that second thing is, because I have absolutely no problem spending.GreenRiverGatorz said:
You either have a spending problem or you're a really shitty arbitrageur.1to392831weretaken said:My credit card rate is 8% and does 1% cash back (2% on certain purchases like gas or whatever). Effectively, it has the same rate as my first mortgage in 2008. I use it for EVERYTHING. I'd like to say I keep it paid down. I'd like to say that...
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Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place.
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Back in the day my Seattle boss was buying materials for our jobs on his credit card. At the size of our jobs he was getting enough miles to go to Mars. Then the credit card companies cracked down as they are wont to do
You need one for room service and to rent a car or uber. Or DoorDash.
I was raised as a Lannister to always pay my debts. Even at the abyss I made the minimum payments to all bills. Never dipped below 750 and that was because of the amount of credit I was juggling. Now safely back above 800. It just means more. -
Speaking as someone who has kept the same card for 20+ years, how do you get away with that? I keep wondering if switching to something with better perks would be a good move, but I’m lazy.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place. -
So, basically what I said to do. She is a good churner, it's called churning. No need to close the accounts though, just keep them at a zero balance.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place. -
I have never found a card with a better rate than mine, so I've never given a thought to switching. That the card is through the credit union I bank with anyway, that's also a bonus.Doog_de_Jour said:
Speaking as someone who has kept the same card for 20+ years, how do you get away with that? I keep wondering if switching to something with better perks would be a good move, but I’m lazy.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place. -
I don't know why people here aren't just paying for things in gold. Frankly, this nation has been on a path to destruction ever since it left the gold standard and we should all look forward to the day when the God Emperor is coronated again on March 4th, the true inauguration day.1to392831weretaken said:
I have never found a card with a better rate than mine, so I've never given a thought to switching. That the card is through the credit union I bank with anyway, that's also a bonus.Doog_de_Jour said:
Speaking as someone who has kept the same card for 20+ years, how do you get away with that? I keep wondering if switching to something with better perks would be a good move, but I’m lazy.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place. -
It's becoming more difficult as banks have started to disincentivize churning. That many hard inquiries will also hurt your credit score, so it's a balancing act. But those who play it right can take advantage of numerous bonus offers a year and rack up miles in a hurry.Doog_de_Jour said:
Speaking as someone who has kept the same card for 20+ years, how do you get away with that? I keep wondering if switching to something with better perks would be a good move, but I’m lazy.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place. -
I've played that game too; it can be worth it but you need someone like Mrs. Throbber to keep close tabs on the cards. Back in the day would run massive business expenses for my mom's company through my card while living in her basement and rack up 100K in expenses (and therefore points plus bonuses) without blinking.MelloDawg said:
So, basically what I said to do. She is a good churner, it's called churning. No need to close the accounts though, just keep them at a zero balance.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place.
I don't play it much anymore since the benefits have been cut and the hoops to jump through are more complicated. Just go ahead and use my Fidelity 2% cash back on everything card and not worry about all the other shizz. -
Dittowhlinder said:MelloDawg said:
So, basically what I said to do. She is a good churner, it's called churning. No need to close the accounts though, just keep them at a zero balance.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place.
Just go ahead and use my Fidelity 2% cash back on everything card and not worry about all the other shizz. -
It's like a soduko puzzler for her. She has spreadsheets and all sorts of shit to track this. I think she may even subscribe to a credit card perks website to get all the latest strategies.Doog_de_Jour said:
Speaking as someone who has kept the same card for 20+ years, how do you get away with that? I keep wondering if switching to something with better perks would be a good move, but I’m lazy.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place.
Ask her next time you are cuddling.
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I'm watching porn on my laptop every night - she's over there gaming the system on her laptop. Or at least that's what she says she'd doing.whlinder said:
I've played that game too; it can be worth it but you need someone like Mrs. Throbber to keep close tabs on the cards. Back in the day would run massive business expenses for my mom's company through my card while living in her basement and rack up 100K in expenses (and therefore points plus bonuses) without blinking.MelloDawg said:
So, basically what I said to do. She is a good churner, it's called churning. No need to close the accounts though, just keep them at a zero balance.PurpleThrobber said:Mrs. Throbber's hobby is playing the credit card game. It's fucking unreal. There's like this cult following of how to scam the credit card companies for cash and airline points.
Opens a card with X company, gets the promised cash, let's the card sit open for the prerequisite time and then closes it. Keeps the cash.
Knows which cards give the most points for restaurants - so she uses Card A; some cards give more points for groceries - Card B. It's crazy.
We haven't paid for a hotel room in probably 3 years. Almost always fly first class because, well, shit, we didn't pay for the tickets in the first place.
I don't play it much anymore since the benefits have been cut and the hoops to jump through are more complicated. Just go ahead and use my Fidelity 2% cash back on everything card and not worry about all the other shizz.
@Doog_de_Jour - is Mrs. Throbber v2.0 watching porn too?!?
NTTAWWT
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This seems like such stupid advice. Sure, you need money when you’re old, but wouldn’t you enjoy spending a lot more in your younger years?HuskyJW said:You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
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I didRoadDawg55 said:
This seems like such stupid advice. Sure, you need money when you’re old, but wouldn’t you enjoy spending a lot more in your younger years?HuskyJW said:You should only have a credit card if you have $200K in the bank. Live like a pauper for 80% of your life so you can enjoy the last 20
