reply to post by ladymerelda
Credit cards are only good for one thing.
To fill your wallet with useless plastic.
I believe in and practice delayed gratification.
If I cannot afford it, I do not buy it, if I do not need it, I look at it with interest as I walk by on the way to pay for things I can afford.
However, I got into the credit card program, for one thing only, and only as I could figure it out.
I started with one credit card, Discover, with a $2,000 limit.
I saved and saved, and began buying things as I knew I could afford, and bought things on the credit card.
Paid it off at the end of the month.
Sometimes I even called in a payment before the interest kicked in.
Called them every six months and negotiated them raising my limit by $500 each time.
As well each time reducing my interest rates, and or finding out new programs, ahead of all other members.
Discover treated me like I was King Midas.
I did this until my limit was $20,000 and I was maxing it out and re-paying it in a timely fashion.
I began also doing this with other credit cards.
I made it to two cards with a $20,000 limit.
Plus about 10 other cards.
My credit limit with all cards was about $150,000.
I learned a few tricks.
Pay off one card with another through opening new cards.
You get all sorts of free things when you do that regularly.
Not to mention cash back offers.
And when you buy a 41 inch flat screen plasma television where you saved up $3,000 to buy cash, but find a deal with a display model, for $1,300, and
pay it off the day after you bought it by going down to Sears (Discover Card is owned by Sears) but you bought the television from Circuit City, and
with the extra $1,800 you pay off the remaining balance, the card company loves you.
Then you begin seeing the world as well as America's economy going down the toilet.
Years in advance through watching the Stock Market.
$75,000 in debt later and walking away so it's all charged off really hurts your credit rating.
But I was buying American made items, bumping up my credit rating from nothing, to where it was almost an 800.
With a plan to go to a 1,000 credit score.
What I heard was a near impossible thing to accomplish.
But credit ratings do not put food on your table.
Hard work and working 2, 3, and 4 jobs does just as much as having an extremely hard work ethics.
At one point I was working 120 hours a week and sleeping 2 hours a day and sometimes 4 hours.
American citizens have lost the ingenuity though to do fantastic things with their brains.
Like work hard, have pride in their work, make themselves known as dependable.
This is in a large part due to something I said earlier about treasonous action by politicians.
Morale goes downhill when jobs are scarce due to them being sent overseas for tax breaks.
Instead countries like China pay slave wages, with dictators ruling them, and Cathy Lee Gifford becomes a millionaire off that slavery.
And American's buy those cheap pieces of crap like a sucker buying his own coffin.
edit on 2/23/11 by SpartanKingLeonidas because: Adding Depth
and Insight Into the Post.