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re: Chase Freedom Card - pros/cons?
Posted on 11/20/12 at 9:40 pm to RetiredG8tr
Posted on 11/20/12 at 9:40 pm to RetiredG8tr
quote:Young people posting on a money board are obviously very involved in their financial situation so I doubt anyone carries over debt each month. Before I read this board regularly I put everything on my debit card. Since April, I already have about $600 cash back on my Amex Blue Preferred.
An interesting discussion about credit cards. I didn't realize they were so important to you younger people.
I do know carrying more than 7% credit card debt to available credit will lower your credit score.
I would advise a brokerage debit card. Otherwise, pay cash. Do Not start a new life off in debt.....
1
Posted on 11/20/12 at 9:57 pm to saderade
Why do I hear about student loans? Why do I hear about debt forgiveness? There were programs back in the 60s-80s. They paid for college, you worked for them 5-10 years.
Why borrow? Unless you don't intend to pay it back? Don't insurance companies sell credit life? Go figure....
Why borrow? Unless you don't intend to pay it back? Don't insurance companies sell credit life? Go figure....
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