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originally posted by: AugustusMasonicus
a reply to: DBCowboy
To better align with your reply I will amend my post to read we shouldn't pay for 'west banks'. You're golan like the change.
originally posted by: AugustusMasonicus
No, because I'm neither of the things I mentioned. It's a tool which, if used properly, can give you ample rewards for paying on time.
originally posted by: TrulyColorBlind
I just worry about when they stop giving ample rewards. What will be next?
originally posted by: AugustusMasonicus
Are you telling me that you're completely oblivious to the fact that there are co-branded cards that offer rewards (cash back, airline miles, hotel points, etc) for using your card?
originally posted by: AugustusMasonicus
People will switch to a credit card that does. There's a word for that in the industry, it's called 'churn', and it happens even when the rewards are good so people can claim multiple high value rewards.
originally posted by: TrulyColorBlind
Thanks for the info. It kind of sounds like when people switch banks just because the new bank is offering a new toaster or television or a set of coolers as a reward for creating a new account.
originally posted by: AugustusMasonicus
originally posted by: Violater1
So these cards, they charge you what fees?
Zero annual fees on mine.
originally posted by: AugustusMasonicus
a reply to: Violater1
I currently have a Chase United (Visa) card.
originally posted by: DBCowboy
Last year when I got my home loan my banker told me to get another card but to always keep all total debt at under 10%,
originally posted by: AugustusMasonicus
originally posted by: DBCowboy
Last year when I got my home loan my banker told me to get another card but to always keep all total debt at under 10%,
How's that working out for you considering there's a Mrs. Cowboy?
originally posted by: DBCowboy
Last year when I got my home loan my banker told me to get another card but to always keep all total debt at under 10%,
It's done wonders for my credit rating.
originally posted by: TrulyColorBlind
So, why should I worry about a credit score?
originally posted by: TrulyColorBlind
originally posted by: DBCowboy
Last year when I got my home loan my banker told me to get another card but to always keep all total debt at under 10%,
It's done wonders for my credit rating.
12 years ago when my Dad died, he had willed his house to me. The only problem was, he had just re-mortgaged it and the finance company "owned" it. I paid on it for about 5 years and didn't even pay it down a whole dollar. It was just over $31,000 that was owed. I got smart and shot them an offer for $20,000 cash to settle it and they took it. I know my credit score had nothing to do with it because as that precise moment, my credit score was zero. As in I didn't have a credit score. When I pay cash for everything, apparently it doesn't help with creating a credit score.
So, why should I worry about a credit score? They aren't very accurate at times and therefore not very helpful at times.