whoa, suprise credit limit increase
Joined: Oct 2000
Posts: 44,908
Likes: 0
From: Location Location
Originally Posted by 95SiR
i purposely requested to get a cc of only a $1k limit. after having a limit of $25k (two cards combined), i dont ever want to be there again 
h:
h:wimp.
I got one tied to the mortage at $250K :chuckles: 5.5% apr
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'00 Dakar Bus CRS Edition
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'00 Dakar Bus CRS Edition
LCD Squad #0001
Originally Posted by WiLL
...I really wanna get out and shoot people.
. Still the highest in my company, even more than the VP's. 
Joined: Dec 2002
Posts: 5,747
Likes: 0
From: Lumberport, WV
Yeah I definitely dont want to spend more than my highest.... cause I dont have one.
My personal philosophy is if I cant fund it out of my bank account, I dont need it.
Excluding the house, which is a necessity to finance, however, all the pimp action in the house, paid in full :woowoo:
My personal philosophy is if I cant fund it out of my bank account, I dont need it.
Excluding the house, which is a necessity to finance, however, all the pimp action in the house, paid in full :woowoo:
I
Joined: Jan 2001
Posts: 56,525
Likes: 0
From: Westside til I die
Originally Posted by swaggs21
Yeah I definitely dont want to spend more than my highest.... cause I dont have one.
My personal philosophy is if I cant fund it out of my bank account, I dont need it.
Excluding the house, which is a necessity to finance, however, all the pimp action in the house, paid in full :woowoo:
My personal philosophy is if I cant fund it out of my bank account, I dont need it.
Excluding the house, which is a necessity to finance, however, all the pimp action in the house, paid in full :woowoo:
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Team B.O.B.® - Ballaz on a Budget
2015 Ford Mustang GT Fastback - Ingot Silver - 6M - Performance Package - Gibson Catback, JLT CAI, FR 47lb injectors, BAMA E85 tune, Eibach Sportline, BMR wheel hop kit, UPR oil separator, Steeda shifter bushing/bracket
Team B.O.B.® - Ballaz on a Budget
2gr84u
Joined: Mar 2004
Posts: 3,690
Likes: 0
From: VIRGINIA
I think if credit is used wisly its an effective way to handle large purchases. Also, with out a credit card of some sort, its hard to purchase things in a world where a good credit rating is becoming more and more importent
Joined: Dec 2002
Posts: 5,747
Likes: 0
From: Lumberport, WV
Originally Posted by 2gr84u
I think if credit is used wisly its an effective way to handle large purchases. Also, with out a credit card of some sort, its hard to purchase things in a world where a good credit rating is becoming more and more importent
Originally Posted by Master Yodub
I feel the same way, but sometimes there are things you need or emergencies where you don't have the cash to cover it at the moment.
Wannabe yuppie
Joined: Dec 2000
Posts: 25,918
Likes: 0
From: Madison, WI
Originally Posted by Mandi
they do, they just make more by the people who are late.
If you pay off your balance in full at the end of the month, you are effectively borrowing no money from them. If you don't borrow any money from them, they can't charge you any interest, and if they can't charge you any interest then they can't make any money off you aside from the pittance you pay in annual fees or whatever else they might charge you.
So if a person has been paying off their balance every month, not carrying a balance, and not making any money for the credit card company, the credit card company will raise that person's limit to tempt them into perhaps buying enough stuff with the credit card such that they will not be able to pay the balance in full at the end of the month. Then the money borrowing begins, and the credit card company starts charging interest, and once they charge interest, they make money.