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re: Credit Card Debt

Posted on 10/26/19 at 5:35 pm to
Posted by fightin tigers
Downtown Prairieville
Member since Mar 2008
79816 posts
Posted on 10/26/19 at 5:35 pm to
quote:

Yeah ok. You, of hundreds of millions of people, somehow found a way to scheme the system



He has a system
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15757 posts
Posted on 10/26/19 at 5:36 pm to
I’m not scheming any system. You act like that’s the only source of income for a CC. You also don’t even mention or understand how competition in the market stops a complete pass along to the customer.
Posted by lsuson
Metairie
Member since Oct 2013
15634 posts
Posted on 10/26/19 at 5:38 pm to
$700
Posted by BurningHeart
Member since Jan 2017
10131 posts
Posted on 10/26/19 at 5:39 pm to
quote:

You also don’t even mention or understand how competition in the market stops a complete pass along to the customer.


I'm going to tax all businesses 10%

But because of competition, they will all price cut each other back down to net 0%

what a dummy
Posted by VermilionTiger
Member since Dec 2012
39423 posts
Posted on 10/26/19 at 5:40 pm to
I treat my credit card like a debit card

Pay it off every month in full and my wife shops Christmas for free with the rewards
Posted by nugget
Abrego Garcia Fan
Member since Dec 2009
15757 posts
Posted on 10/26/19 at 5:49 pm to
quote:

But because of competition, they will all price cut each other back down to net 0%


It doesn’t have to be down to 0 for me to make more. Especially when you look at the average charge per transaction is probably closer to 1.5% since not everyone is using a card. This is obviously too much critical thinking for you.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
39242 posts
Posted on 10/26/19 at 6:47 pm to
$2k and only because I just booked Disney and haven't transferred money. I get anxiety over $1k so it is easy for me to pay off when I do use it. I know people with $15k and it blows my mind
Posted by Tortious
ATX
Member since Nov 2010
5770 posts
Posted on 10/26/19 at 7:03 pm to
quote:

$2k and only because I just booked Disney


Trashy

- OT
Posted by Philzilla2k
Member since Oct 2017
13197 posts
Posted on 10/26/19 at 7:05 pm to
Posted by RedlandsTiger
Greenwell Springs, LA
Member since Jan 2008
3216 posts
Posted on 10/26/19 at 7:06 pm to
quote:

Payoff total balance every month. Earn rewards. Win


This
Posted by ChenierauTigre
Dreamland
Member since Dec 2007
34743 posts
Posted on 10/26/19 at 7:50 pm to
Zero. If I can't pay for it, I don't buy it. I hate debt, and there is nothing I need that badly.
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