Got my last statement and was quite surprised to see a Late Fee of $25 in
addition to the interest.
No one's fault but mine: I'm sure the Late Fee is called out in small print
on some contract that I didn't read and I'm sure that the last bill got
buried under a pile of diapers or accidently tossed aside, or perhaps pushed
behind the dresser by our toddler. So, my fault for missing the payment.
Funny me - I thought that's what interest was for.
I'll take away three things from this experience: There's a Lowes 100 yards
away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
card from now on; I'll ask about Late Fees next time I feel like opening up
an in-house card.
HOW is a debit card less stupid than a credit card?
Or does a debit card prevent you from being stupid...
"Charlie Campney" <[email protected]> wrote in message
news:[email protected]...
> Cut up the damn card and pay cash ! ! ! It's just as good as money !
> ! ! Or get a debit card ! ! ! Credit cards are stupid ! ! !
"Jack-of-all-trades - JOAT" <[email protected]> wrote in message
news:[email protected]...
> Tue, Sep 23, 2003, 3:56pm (EDT-2) [email protected] (mttt) <says>
> Foolish man. The only useful thing you seem to have learned is to
> not shop Home Depot. Don't use any credit card, period. Pay cash, or
> do without, until you do have the cash. Or, if you just can't do
> without, get a personal loan from your bank and buy whatever, less
> interest.
Someone else said this... "Bunk."
I'm well into the second half of my life, managed my finances quite well.
Complete w/ cards. You must live a very different life. Credit cards are
*unavoidable* in my world. When's the last time you had to rent a car? Ever
order a new Starrett Combination Square from Amazon?
Always pay cash? Every buy a house? A car?
I do appreciate you taking the time to share the advice.
Thu, Sep 25, 2003, 9:59pm (EDT+4) [email protected] (mttt) puts out:
Someone else said this... "Bunk."
I'm well into the second half of my life, managed my finances quite
well. Complete w/ cards. You must live a very different life. Credit
cards are *unavoidable* in my world. When's the last time you had to
rent a car? Ever order a new Starrett Combination Square from Amazon?
Always pay cash? Every buy a house? A car?
I do appreciate you taking the time to share the advice.
ROTFLMAO
Well, I hope I'm still in the first half of my life, at 62.
Managed my finances quite well too. Most of the time. Divorce did a
number tho, as well as a few other things. Cancer, my son being in an
accident. You know, unimportasnt stuff. Some things you can't plan
for. And, yeah, credit cards too. And, if I hadn't had cards, the
divorce would have been a Hell of a lot less traumatic, because I had to
pay off all those bills, big bills. Which in itself, created some more
hardships. Oh yeah, the cancer, accident, misc other stuff, any
payments either deducted from my checking account, or payment sent, no
credit card involved.
Of course I lead a different life. I lead my own life. Quite
satisfactory too.
Credit cards are certainly avoidable in my world. Last time I
rented a car? Hmm, about 1977 as I recall. Had one Hell of a time
doing it too, even with a credit card - in the Army at the time, and
they didn't want to rent to military, even career military. However,
the last time I rented a truck was either early this year, or last year,
I believe. Ever order a new Starrett Combination Square from Amazon?
Nope. Had one for about 30 years, not a Starrett. But, last time I
ordered something else from Amazon was, either early this year, or late
last year. Need a credit card for either? Nope. Did my debit card
work in both cases? You betcha.
Do I always pay cash? Nope. Sometimes I use my debit card, which
amounts to the same thing. Or make what I want. Or trade. Or even get
given something. Ever buy a house? Yep, and it's 100% paid for. A
car? Not for many, many years. However, I did buy several trucks.
Paid cash, or payments, no credit cards involved.
You're willing to accept the risk that you'll be able to use, and
pay off, your credit card each month, and not go into credit card debt.
I'm not.
And, you say:
I do appreciate you taking the time to share the advice.
OK, I can share some advice. Don't let anyone, anyone at all, even
your wife, use a credit card that is in your name.
You guys advising other people to use a credit card, and pay it off
every month, so you don't have any interest charges. If that works for
you, or you think it does, fine, up to you. But don't advise someone
else that it's a good idea. I've known people who did that, for awhile.
Last I knew of one, he had over $33,000 in credit card debt. Another,
was doing that too, then divorce. I don't know how deep he sunk in
credit card debt, but it wasn't shallow.
JOAT
If history repeats itself, I should think we can expect the same thing
again.
- Terry Venables
Life just ain't life without good music. - JOAT
Web Page Update 25 Sep 2003. Some tunes I like.
http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
In article <[email protected]>,
[email protected] says...
> Cut up the damn card and pay cash ! ! ! It's just as good as money !
> ! ! Or get a debit card ! ! ! Credit cards are stupid ! ! !
>
No, credit cards are tools. Tools can be misused and do tremendous
damage to those who misuse them, but that does not make them stupid. As
with tools, accidents can and do happen, but that does not mean that
everyone who owns that particular tool should get rid of it because
someone else got hurt.
Tue, Sep 23, 2003, 3:56pm (EDT-2) [email protected] (mttt) <says>
<snip> I'll take away three things from this experience: There's a Lowes
100 yards away from Home Depot, I'll shop there; I'll use a Visa instead
of a BORG card from now on; I'll ask about Late Fees next time I feel
like opening up an in-house card.
Foolish man. The only useful thing you seem to have learned is to
not shop Home Depot. Don't use any credit card, period. Pay cash, or
do without, until you do have the cash. Or, if you just can't do
without, get a personal loan from your bank and buy whatever, less
interest.
JOAT
The whole of life is a learning process.
- John Keel
Life just ain't life without good music. - JOAT
Web Page Update 23 Sep 2003. Some tunes I like.
http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
>I'll use a Visa instead
>of a BORG card from now on;
I used to have a HD card. My plan was to pay for materials with the card and
pay the bill at the customer service desk after I got paid for the job, but HD
could not take credit card payments in the store. I closed the account because
there was no convenience or advantage for me.
Roger Poplin dba [email protected]
SWMBO turned me on to a method that almost sounds like a scam, except it's
legal. We have 2 cards (Discover and Visa) that pay a "kickback" based on total
amount of purchases. We put everything we can on them and pay before the due
date - no interest, zero balance and money back. Not a huge amount, but it
beats the hell out of paying interest charges. It's a hoot!
Regards,
Charlie Noah
[email protected] (Jack-of-all-trades - JOAT) writes:
>Tue, Sep 23, 2003, 3:56pm (EDT-2) [email protected] (mttt) <says>
><snip> I'll take away three things from this experience: There's a Lowes
>100 yards away from Home Depot, I'll shop there; I'll use a Visa instead
>of a BORG card from now on; I'll ask about Late Fees next time I feel
>like opening up an in-house card.
>
> Foolish man. The only useful thing you seem to have learned is to
>not shop Home Depot. Don't use any credit card, period. Pay cash, or
>do without, until you do have the cash. Or, if you just can't do
>without, get a personal loan from your bank and buy whatever, less
>interest.
>
>JOAT
>The whole of life is a learning process.
>- John Keel
>
>Life just ain't life without good music. - JOAT
>Web Page Update 23 Sep 2003. Some tunes I like.
>http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
In article <[email protected]>,
[email protected] says...
> On Wed, 24 Sep 2003 03:06:08 GMT, "Leon"
> <[email protected]> wrote:
>
> >
> >"Jim K" <jkajpust@###ameritech.net> wrote in message
> >news:[email protected]...
> >> Not only that but each late payment usually brings an interest
> >> increase.
> >
> >
> >Exactly and while it is hard to believe, many credit card companies will up
> >their interest rate to you if you are late on some one else's credit card.
> >
>
> Oh how I love my debit card. <G>
>
Or, for the safety of a credit card (thieves can't clean out your
account if they get hold of a CC), treat your credit card like a debit
card.
Dennis [email protected] wrote:
> your spending. Not everyone has the same problem.
> And, as much as you would like to feel it is true, it
> couldn't happen to everyone. Millions of people manage
> credit sensibly throughout all their adult life.
Fair and true. Point taken. I'll quit whining.
--
Michael McIntyre ---- Silvan <[email protected]>
Linux fanatic, and certified Geek; registered Linux user #243621
Confirmed post number: 17917 Approximate word count: 537510
http://www.geocities.com/Paris/Rue/5407/
mttt wrote:
> I'll take away three things from this experience: There's a Lowes 100 yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening up
> an in-house card.
You better check the terms on the Visa Card. Depending on the type and which
bank issued the card late fees can run from $0 to $35.00.
--
Jack Novak
Buffalo, NY - USA
On Sun, 28 Sep 2003 16:07:14 -0700, Rico <[email protected]> wrote:
>It sounds like credit cards and debit cards are functionally
>equal these days for people who pay their bills in full
>every month.
If the debit card carries a Visa logo, it is functionally identical to
a Visa card. Some institutions only offer the protections if the card
gets run as a CREDIT CARD. Punching DEBIT on the machine, or telling
the cashier to run it as debit card (requiring the PIN) can sometimes
forfeit some protections
There are debit cards available that do not carry any credit card
company's logo. which have significant differences to a credit card,
and sometimes offer little or no protection.
I've never had a Mastercard or Amex debit card, so I don't know their
rules.
My bottom line? I read EVERY card agreement for the cards that I
carry.
Barry
Leon wrote:
> If you drive a car and buy cars, you might want to consider the Citibank
> card. It pays 2% of all purchases towards a used or new car of any brand.
> Or the GM Card which pays 5% towards a GM car or any its line of companies.
Isn't there a class action law suit going on against GM for instructing their
dealers to disallow the GM credit card discount on new vehicles? I seem to
recall the law suit stems from GM instructing the dealers to tell buyers "The
plan doesn't apply to that model", etc..
--
Jack Novak
Buffalo, NY - USA
Joe Shmoe wrote:
> Funny how credit card companies dislike those of us who pay off their
> credit cards in full every month. I'm surprised they don't try charging us
> a fee for that.
The credit card companies don't mind at all. They still get the percentage
they charge the retailer for the credit card sale, which by the way is passed
on to the consumer through higher pricing.
--
Jack Novak
Buffalo, NY - USA
In rec.woodworking
"Leon" <[email protected]> wrote:
>HOW is a debit card less stupid than a credit card?
>Or does a debit card prevent you from being stupid...
Hello! It has a limit. Your balance. Yes, a credit card has a limit but
not usually a reasonable one.
Leon wrote:
> Perhaps, but I maybe a different version unless something has come up
> lately.. I do know that the discount was restricted to the original GM
> vehicles some years back. Saturn and Saab were not eligible for rebate.
> Anyway, when I cashed in on the GM rebate 7 years ago, the dealer and or
> salesman never knew that I had any rebate at all. In the closing office I
> indicated to the finance manager that I would like to apply my GM rebate to
> the final cost of the vehicle and after a telephone call to the CC company
> $3,600 was deducted from my total. No prior announcement was required.
>
This is the same experience I had when I bought my 1986 Bonneville.
Nobody at the dealership was aware of my GM rebate until we closed on
the car. IIRC I also got $3,600 off the total.
Regards,
Hank
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Unless you have overdraft protection - then you can drain your savings
AND checking accounts.
Just because one has a (e.g.) $10000 limit on the card, doesn't mean
that you go out and blow ten grand each month on Stuff.
Seems like control is the issue here, and if you have none credit
cards do make it a lot easier to go that much further into hock. But,
it doesn't change the fact that exercising some control on one's
spending is the crux of the matter.
Renata
On Thu, 25 Sep 2003 23:12:31 GMT, Brian Henderson
<[email protected]> wrote:
>On Thu, 25 Sep 2003 04:09:31 GMT, "Leon"
><[email protected]> wrote:
>
>>HOW is a debit card less stupid than a credit card?
>>Or does a debit card prevent you from being stupid...
>
>Because a debit card has a limit of the amount of money you have in
>the bank. Once it's gone, you can't buy anything else. It doesn't
>stop you from making stupid purchases, but it does stop you from
>running up a tab doing it.
Traves W. Coppock wrote:
> very true,,,i had one almost take off my finger, and then i designed
> the "card guard " (tm me) overarm credit guard and coupon collector,
> and put one, along with a set of "card buddies" and a credit outfeed
> table on my wallet.
>
> i cannot tell you how many times these things have saved my fingers
> while trying to use my credit cards.
>
> *VBSEG*
>
> T
Can you send me the plans? I would like to build one for my SIL. Yeah,
unlike 'he who shall remain nameless' (HWSRN), I sometimes use plans.
Regards,
Hank
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Leon wrote:
> "Henry St.Pierre" <[email protected]> wrote in message
> news:[email protected]...
>
>
>>This is the same experience I had when I bought my 1986 Bonneville.
>>Nobody at the dealership was aware of my GM rebate until we closed on
>>the car. IIRC I also got $3,600 off the total.
>>Regards,
>>Hank
>
>
>
> 86 Bonneville? I was not aware that (a) the card was available then or (b)
> it was good for used cars... Was it maybe a 96 model? ;~)
>
>
Sorry, it was a 96 Bonneville. I sometimes don't know the year or what
day of the week it is. Sometime after the sale, we got a letter from the
GM credit card people advising us that they were going to change the
terms of the credit card agreement as it related to the rebate on GM
vehicles. I don't remember the terms exactly, but we would be limited to
$500 a year (rebate credit). The reason given is that we did not carry a
balance on our card, but paid the balance each month. I guess to them we
were deadbeats.
Regards,
Hank
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Nova wrote:
> Joe Shmoe wrote:
>
>
>>Funny how credit card companies dislike those of us who pay off their
>>credit cards in full every month. I'm surprised they don't try charging us
>>a fee for that.
>
>
> The credit card companies don't mind at all. They still get the percentage
> they charge the retailer for the credit card sale, which by the way is passed
> on to the consumer through higher pricing.
>
> --
> Jack Novak
> Buffalo, NY - USA
>
>
A good part of the percentage the retailer pays is taken up by
processing charges. The card issuer usually doesn't process the credit
card transaction, but has a third party do it. In the case of GM, when I
first got the credit card (I don't recall the year) the rebate limit was
quite high or maybe unlimited. GM was counting on the interest earned
on the credit cards to offset the rebates. In my case the rebate was
about $3600 IIRC. I don't think they changed the terms of the rebate
because of just me not maintaining a balance, but because of many, many
others also not maintaining a balance.
Regards,
Hank
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"Bay Area Dave" <[email protected]> wrote in message
news:[email protected]...
> sucks to be a deadbeat, huh?
>
No, it sucks to have a Home Depot Credit card. Took care of that right
after paying the bill. :)
mttt,
Reading your replies to all of the posts
on this newsgroup leads me to believe you
act with good intentions.
What confused me was the subject: you
will never set foot in another HD.
I can appreciate your frustration with the HD Credit Card
experience, but I don't see how that translates into never
buying anything from them again. (There may be many other
reasons not to shop HD, but I don't expect their Credit
Card company's policies towards deadbeats to be high on
the list).
Anyway, it sounds like everything worked out.
mikey.
mttt wrote:
> "EmbErna" <[email protected]> wrote in message
> news:eD8cb.560274$Ho3.99166@sccrnsc03...
>
>>Didn't you wonder why more than a month went by without
>>recieving a bill, or having to send in a payment?
>
>
> Ever have three children under two in the house? Some mornings I wake up and
> realize I missed yesterday's lunch and dinner.
>
>
On Thu, 25 Sep 2003 10:23:41 GMT, "Scratch Ankle Wood"
<[email protected]> Crawled out of the shop and said. .
.:
>Well, my credit card has another limit -- if I wouldn't pull cash out of my
>wallet or write a check, I don't use the card (except for emergency).
>Therefore I pay off every month. I don't have to carry a lot of cash and
>usually not the check book. The advantage of the credit card over a debit
>card is that you have protection from misuse by other persons with a credit
>card.
snip
i donno bout you, but MY debit card has fraud protection...so does
everyone else with the visa logo on his/her card AFAIK
Traves
In article <[email protected]>,
[email protected] says...
> On Fri, 26 Sep 2003 03:10:57 GMT, Mark & Juanita
> <[email protected]> wrote:
>
> > Or, for the safety of a credit card (thieves can't clean out your
> >account if they get hold of a CC), treat your credit card like a debit
> >card.
>
>
> Let's say this again, s-l-o-w-l-y. <G>
>
Let's explain Usenet s-l-o-w-l-y: Not all posts propagate at the same
rate. I did not see your claim that debit cards have the same safety
vis a vis fraud as credit cards unti *after* I posted the above.
> You have NO more liability with a debit card if it's stolen than a
> credit card.
>
> ALL Visa branded cards have ZERO liability, same as the credit
> version.
>
Does this also include bounced check charges and other deadbeat fees
if a thief cleans out your checking account with a stolen debit card?
Not asking to be a wise-acre, I'm genuinely curious as to how far they
cover.
> Barry
>
"mttt" <[email protected]> wrote in message
news:[email protected]...
>
> I did thanks. The three other cards I have don't have late fees. Even
called
> to check. Better shop 'round Scout! :)
>
For what? I send my payments on time and I don't have any problems. And if
I was late on one, I wouldn't come here whining about it.
On Sun, 28 Sep 2003 15:31:39 GMT, Mark & Juanita
<[email protected]> wrote:
> No, there is a functional difference. Thieves can run up a credit
>card, but I am only responsible for the first $50 ($25?) of whatever
>they do -- the CC company is responsible for the rest. I believe this is
>by law; when CC were first getting started, it was one of the
>concessions they had to make to get into business. That's why monitor
>spending history and sometimes call people after they have made several
>large purchases outside of their normal spending habits, they are
>protecting their money, not yours.
If your debit card has the Visa logo, you're responsible for no more
than any other Visa card, it's part of the service. Further, if you
have a fraudulent charge on your debit card, all you have to do is
call your bank and they are required to give you the money back while
they investigate. Credit cards and debit cards are absolutely
identical in that regard, you have at least as much protection with a
debit card, often more.
On Thu, 25 Sep 2003 23:41:44 GMT, "Leon"
<[email protected]> wrote:
>So, how is a debit card less stupid than a credit card? Are you saying that
>it is less stupid to drain your checking account and then break down in your
>car out of town with no credit card and an empty bank account?
If you do that once or twice, you're unlikely to ever do it again. If
you have credit cards to throw at every stupid purchase, you'll be
spending the next 47 years and 50x paying off a credit card.
Stupid people are going to be stupid, but it's harder to get into real
trouble with a debit card.
On 27 Sep 2003 19:54:27 -0700, [email protected] (CyBrShRk) wrote:
>Huh? Do you have $30,000 lying around for a new car? If you do
>congrats, most don't?
Then don't buy *new* cars. <G> In two years that car will probably
be worth 20k, in three years 15k, an even better time to pay cash for
it.
Read the book "The Millionaire Next Door" and a lot of it will make
sense. NEVER borrow money on a depreciating item, vacation, etc...
if you expect to ever accumulate any money.
Cars can be had for cash, it just takes longer to get nice ones at teh
beginning. Buying newer used cars carefully can often allow you to
drive them for little more than gas and basic maintenence, especially
if you can pick up a "must sell" from someone over their head in debt.
>Do you have $130K sitting around for a new home?
>Most don't. Try getting a large loan without credit history,
>especially with the new scoring system.
Most of the time, real estate is not a depreciating asset, and loans
on it are a whole different ball ame.
Many mortgage companies and credit unions WILL write mortgages to
people with solid employment history, a credit history consisting of
paying rent only, and a _20-25% down payment_, at competitive terms.
A good down payment can often be more important than credit on a real
estate purchase. In a lender's eyes, more of your money equals less
risk for them.
Be a true "Millionaire Next Door" and read the book for free via your
library. <G>
Barry
In article <[email protected]>,
[email protected] says...
> On Fri, 26 Sep 2003 03:10:57 GMT, Mark & Juanita
> <[email protected]> wrote:
>
> > Or, for the safety of a credit card (thieves can't clean out your
> >account if they get hold of a CC), treat your credit card like a debit
> >card.
>
> But they can run up your card. Are you protected against that?
> Certainly, just as you are if someone drains your bank account
> illegally. There's no functional difference.
>
No, there is a functional difference. Thieves can run up a credit
card, but I am only responsible for the first $50 ($25?) of whatever
they do -- the CC company is responsible for the rest. I believe this is
by law; when CC were first getting started, it was one of the
concessions they had to make to get into business. That's why monitor
spending history and sometimes call people after they have made several
large purchases outside of their normal spending habits, they are
protecting their money, not yours.
On Fri, 26 Sep 2003 03:10:57 GMT, Mark & Juanita
<[email protected]> wrote:
> Or, for the safety of a credit card (thieves can't clean out your
>account if they get hold of a CC), treat your credit card like a debit
>card.
Let's say this again, s-l-o-w-l-y. <G>
You have NO more liability with a debit card if it's stolen than a
credit card.
ALL Visa branded cards have ZERO liability, same as the credit
version.
Barry
"Leon" <[email protected]> wrote in message
news:%[email protected]...
> HOW is a debit card less stupid than a credit card?
> Or does a debit card prevent you from being stupid...
>
It prevents you from spending money you don't have. The limit is the amount
in your checking account.
Although, some purchases are stupid no matter the form of payment.
Ed
On Fri, 26 Sep 2003 03:31:24 GMT, Mark & Juanita
<[email protected]> Crawled out of the shop and said. . .:
snip
> No, credit cards are tools. Tools can be misused and do tremendous
>damage to those who misuse them, but that does not make them stupid. As
>with tools, accidents can and do happen,
snip
very true,,,i had one almost take off my finger, and then i designed
the "card guard " (tm me) overarm credit guard and coupon collector,
and put one, along with a set of "card buddies" and a credit outfeed
table on my wallet.
i cannot tell you how many times these things have saved my fingers
while trying to use my credit cards.
*VBSEG*
T
[email protected] (Jack-of-all-trades - JOAT) wrote in message news:<[email protected]>...
> Tue, Sep 23, 2003, 3:56pm (EDT-2) [email protected] (mttt) <says>
> <snip> I'll take away three things from this experience: There's a Lowes
> 100 yards away from Home Depot, I'll shop there; I'll use a Visa instead
> of a BORG card from now on; I'll ask about Late Fees next time I feel
> like opening up an in-house card.
>
> Foolish man. The only useful thing you seem to have learned is to
> not shop Home Depot. Don't use any credit card, period. Pay cash, or
> do without, until you do have the cash. Or, if you just can't do
> without, get a personal loan from your bank and buy whatever, less
> interest.
Huh? Do you have $30,000 lying around for a new car? If you do
congrats, most don't? Do you have $130K sitting around for a new home?
Most don't. Try getting a large loan without credit history,
especially with the new scoring system. And the other poster calling
someone a 'deadbeat' on a late CC payment...damn that's rough. I'm
more inclined to call someone who doesn't pay child support a
deadbeat, not someone late on one CC payment.
In rec.woodworking
Renata <[email protected]> wrote:
>Actually, I tried this very thing, but the dealer said, nuh uh. Seems
>that 2% service cahrge gets a tad pricey on the amount a vehicle
>costs.
Well, my boss bought a brand new $57,000 BMW M3 on American Express to get
the points for it. Of course, my boss can write a $57,000 check when the
bill comes next month too :-)
>>Actually, I tried this very thing, but the dealer said, nuh uh. Seems
>>that 2% service cahrge gets a tad pricey on the amount a vehicle
>>costs.
>
>Well, my boss bought a brand new $57,000 BMW M3 on American Express to get
>the points for it. Of course, my boss can write a $57,000 check when the
>bill comes next month too :-)
....and with the profits to be made on a $57,000 BMW, what's a little credit
card fee between friends :)
Dave Hall
Actually, I tried this very thing, but the dealer said, nuh uh. Seems
that 2% service cahrge gets a tad pricey on the amount a vehicle
costs.
(No, I wasn't going to pay the exorbitant credit card interest on a
car loan - I was going to collect my 2% rebate off the card, and pay
it off before interest started acumulating with a car loan).
Renata
On Sun, 28 Sep 2003 01:10:26 -0400 (EDT), [email protected]
(Jack-of-all-trades - JOAT) wrote:
--snip--
> You don't buy a car, or house, using a
>credit card.
--snip--
(no stain for email)
Sat, Sep 27, 2003, 7:54pm (EDT-3) [email protected] (CyBrShRk)
spouts:
Huh? Do you have $30,000 lying around for a new car? If you do congrats,
most don't? Do you have $130K sitting around for a new home? Most don't.
Try getting a large loan without credit history, <snip>
Not paying attention? The discussion at that time was about credit
cards, specifically at the BORG. You don't buy a car, or house, using a
credit card. Not in my circles anyway.
Cars and houses are a different matter, and yeah, I know about
credit history, Think I didn't? But, for those, you get financing,
and make payments..
As is, I have excellent history, including excellent credit
history. Bought my truck, bank loan, no prob. No credit card didn't
worry them. Ain't buying any houses lately, mine's paid for now. But,
now that I think on it, didn't have a credit card when I first got the
house, those came later. I use a debit card, not credit cards. I
don't write checks either (long story, none of your business), Haven't
written checks for maybe 15+ years. If checking account direct payment
won't work, and debit card isn't appropriate, pay with money orders, or
cash. No prob.
Some of you think you can't live like that. Probably not tried
either. Makes my life simpler, and less stressful.
By the way, my credit is excellent, because I pay my bills. As a
result, not only am I welcome at my bank for loans, I can get
no-interest credit at the local gas station, my dentist, and one or two
other places, if need be, for some reason.
JOAT
If history repeats itself, I should think we can expect the same thing
again.
- Terry Venables
Life just ain't life without good music. - JOAT
Web Page Update 26 Sep 2003. Some tunes I like.
http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
"Jack-of-all-trades - JOAT" <[email protected]> wrote in message
news:[email protected]...
> Sat, Sep 27, 2003, 7:54pm (EDT-3) [email protected] (CyBrShRk)
> spouts:
> Huh? Do you have $30,000 lying around for a new car? If you do congrats,
> most don't? Do you have $130K sitting around for a new home? Most don't.
> Try getting a large loan without credit history, <snip>
>
> Not paying attention? The discussion at that time was about credit
> cards, specifically at the BORG. You don't buy a car, or house, using a
> credit card. Not in my circles anyway.
i have. bought a used car with a loan from the credit union. within 2 weeks
had transferred that loan to a credit card at 0% interest. roll it over to a
new card every 9 months when the latest 0% interest rate offer comes in.
On Thu, 25 Sep 2003 05:35:54 -0500, Traves W. Coppock
<newsgroups-AT-farmvalleywoodworks-DOT-com> wrote:
>i donno bout you, but MY debit card has fraud protection...so does
>everyone else with the visa logo on his/her card AFAIK
>
Mine does as well. Lack of fraud protection on debit cards is a
common myth.
Barry
On Thu, 25 Sep 2003 10:51:30 GMT, B a r r y B u r k e J r .
<[email protected]> wrote:
>Mine does as well. Lack of fraud protection on debit cards is a
>common myth.
More details:
<http://www.usa.visa.com/personal/cards/visa_check.html?it=il_/personal/cards/card_benefits.html>
Barry
"Jim K" <jkajpust@###ameritech.net> wrote in message
news:[email protected]...
> Not only that but each late payment usually brings an interest
> increase.
Exactly and while it is hard to believe, many credit card companies will up
their interest rate to you if you are late on some one else's credit card.
Ayup. Most important, places that would require three forms of ID -
including a credit card - to cash a check, take the plastic willingly. They
pay a price for the security of knowing they will be paid, you pay a price
for the convenience of underpaying. The card company takes the risks.
As a properly identified 2LT home on leave, I once had to get my mom to
vouch for my _travelers' checks_ at a local establishment. Got a credit
card the next week.
"B a r r y B u r k e J r ." <[email protected]> wrote
in message news:[email protected]...
> On Thu, 25 Sep 2003 05:35:54 -0500, Traves W. Coppock
> <newsgroups-AT-farmvalleywoodworks-DOT-com> wrote:
>
>
> >i donno bout you, but MY debit card has fraud protection...so does
> >everyone else with the visa logo on his/her card AFAIK
> >
>
> Mine does as well. Lack of fraud protection on debit cards is a
> common myth.
>
> Barry
Thu, Sep 25, 2003, 11:32am (EDT+4) [email protected] (George)
says:
<snip> As a properly identified 2LT home on leave, I once had to get my
mom to vouch for my _travelers' checks_ at a local establishment. <snip>
Ah, well, if you hadn't identified yourself as a 2LT, you probably
wouldn't have needed your mother to vouch for you. Well known fact,
2LTs shouldn't be allowed out without a leash, and at least one keeper.
In fact, the most dangerous thing in the world is a 2LT with a map.
JOAT
If history repeats itself, I should think we can expect the same thing
again.
- Terry Venables
Life just ain't life without good music. - JOAT
Web Page Update 25 Sep 2003. Some tunes I like.
http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
JOAT writes:
> Ah, well, if you hadn't identified yourself as a 2LT, you probably
>wouldn't have needed your mother to vouch for you. Well known fact,
>2LTs shouldn't be allowed out without a leash, and at least one keeper.
>In fact, the most dangerous thing in the world is a 2LT with a map.
>
Nah. Most dangerous thing in the world is a 2nd Lt. with a map and a
helicopter. I dunno how long that pilot's course is, but those guys could scare
the crap out of Evel Knievel.
Charlie Self
"Don't hit at all if it is honorably possible to avoid hitting; but never hit
soft."
Theodore Roosevelt
Helicopters scare me, too. I know they're only doing 150 or so, but it
seemed so much faster than when did it doing 500 at 300' in a proper
aircraft.
I had a line # for E-6 when I decided if I were to stay the course, I'd make
more money as a butterbar and beyond. Plead insanity.
"Charlie Self" <[email protected]> wrote in message
news:[email protected]...
> Nah. Most dangerous thing in the world is a 2nd Lt. with a map and a
> helicopter. I dunno how long that pilot's course is, but those guys could
scare
> the crap out of Evel Knievel.
>
> Charlie Self
>
> "Don't hit at all if it is honorably possible to avoid hitting; but never
hit
> soft."
> Theodore Roosevelt
>
>
>
>
>
>
>
>
>
>
>
>
>
Not all 2LT's are created equal ... an OCS 2LT could draw the map if he
needed to. Amazing what being enlisted will do for you before those butter
bars mess with your head.
--
www.e-woodshop.net
Last update: 9/21/03
"Jack-of-all-trades - wrote in message news:
> Ah, well, if you hadn't identified yourself as a 2LT, you probably
> wouldn't have needed your mother to vouch for you. Well known fact,
> 2LTs shouldn't be allowed out without a leash, and at least one keeper.
> In fact, the most dangerous thing in the world is a 2LT with a map.
Swingman responds:
>Not all 2LT's are created equal ... an OCS 2LT could draw the map if he
>needed to. Amazing what being enlisted will do for you before those butter
>bars mess with your head.
Oh yeah. The Marine Corps calls those guys "mustangs" and if you EVER see one
retire higher than major, let me know. Real career limiting move. Better off
going for warrant officer, I think.
Charlie Self
"Don't hit at all if it is honorably possible to avoid hitting; but never hit
soft."
Theodore Roosevelt
Spoken like a peace time REMF. F*ck the "career limiting moves" ... the
whole idea is what the difference would be in a _combat_ situation, but then
you'd had to have been in one to understand.
--
www.e-woodshop.net
Last update: 9/21/03
"Charlie Self" wrote in message
> Swingman responds:
>
> >Not all 2LT's are created equal ... an OCS 2LT could draw the map if he
> >needed to. Amazing what being enlisted will do for you before those
butter
> >bars mess with your head.
>
> Oh yeah. The Marine Corps calls those guys "mustangs" and if you EVER see
one
> retire higher than major, let me know. Real career limiting move. Better
off
> going for warrant officer, I think.
>
> Charlie Self
Swingman writes:
>Spoken like a peace time REMF. F*ck the "career limiting moves" ... the
>whole idea is what the difference would be in a _combat_ situation, but then
>you'd had to have been in one to understand.
>
Jesus. Someone piss in your soup, asshole?
If not, I hope they do soon.
The point I was trying to make, which you entirely missed in your snide and
snotty way, is that the competence level is extreme, but the guys generally get
screwed over by the service.
I'll see you some decade.
Charlie Self
"Don't hit at all if it is honorably possible to avoid hitting; but never hit
soft."
Theodore Roosevelt
In article <[email protected]>,
Charlie Self <[email protected]> wrote:
>
>
>Swingman responds:
>
>>Not all 2LT's are created equal ... an OCS 2LT could draw the map if he
>>needed to. Amazing what being enlisted will do for you before those butter
>>bars mess with your head.
>
>Oh yeah. The Marine Corps calls those guys "mustangs" and if you EVER see one
>retire higher than major, let me know. Real career limiting move. Better off
>going for warrant officer, I think.
>
I know one that retired as a full colonel. Incidentally, at one point he was
in command of _all_ the Marines in Viet Nam, except those on Embassy duty.
Robert Bonomi responds:
>>
>>Oh yeah. The Marine Corps calls those guys "mustangs" and if you EVER see
>one
>>retire higher than major, let me know. Real career limiting move. Better off
>>going for warrant officer, I think.
>>
>
>I know one that retired as a full colonel. Incidentally, at one point he was
>in command of _all_ the Marines in Viet Nam, except those on Embassy duty.
>
Good. It's nice to know the prejudice against former enlisted wasn't universal.
All those I ever met who stayed in retired as captains: I had only heard about
a couple retiring as majors.
Charlie Self
"Don't hit at all if it is honorably possible to avoid hitting; but never hit
soft."
Theodore Roosevelt
On Sun, 28 Sep 2003 12:30:02 GMT, "George"
<[email protected]> pixelated:
>Ignorance is an acute condition, easily treated with a dose of knowledge.
>
>Stupidity is a chronic condition which denies ignorance.
You're quite right. I learned. NO reply necessary.
Plonk.
--
Music washes away from the soul the dust of everyday life.
---- --Unknown
Larry Jaques <jake@di\/ersify.com> wrote:
> On Sat, 27 Sep 2003 12:18:31 GMT, "George"
> <[email protected]> pixelated:
>
> >Ignorance noted.
>
> Obnoxiousness noted.
>
>
> >The military has an "up or out" policy which, depending on the needs of the
> >service, requires promotion to O-4 (LtCdr or Major) to reach the minimum
> >retirement term unless one has prior service.
>
> I'm an Air Force brat and never heard of that. Dad retired in '66
> so maybe it's new, or it wasn't talked about back then.
I was an Air Force brat before that. My dad retired from
the AF in 1960. They had a saying then, "passover is more
than a Jewish holiday". If an officer got passed over more
than the alloted amount of times for promotion they were
out. I don't remember the details, but the end result was
about the same as now. If a person who started out as an
officer didn't make Major well before 20 years, they
wouldn't make it to the 20 year early retirement point.
-----= Posted via Newsfeeds.Com, Uncensored Usenet News =-----
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Ignorance is an acute condition, easily treated with a dose of knowledge.
Stupidity is a chronic condition which denies ignorance.
"Larry Jaques" <jake@di\/ersify.com> wrote in message
news:[email protected]...
> On Sat, 27 Sep 2003 12:18:31 GMT, "George"
> <[email protected]> pixelated:
>
> >Ignorance noted.
>
> Obnoxiousness noted.
>
>
> >The military has an "up or out" policy which, depending on the needs of
the
> >service, requires promotion to O-4 (LtCdr or Major) to reach the minimum
> >retirement term unless one has prior service.
>
> I'm an Air Force brat and never heard of that. Dad retired in '66
> so maybe it's new, or it wasn't talked about back then.
>
>
> --
> Music washes away from the soul the dust of everyday life.
> ---- --Unknown
On Sat, 27 Sep 2003 12:18:31 GMT, "George"
<[email protected]> pixelated:
>Ignorance noted.
Obnoxiousness noted.
>The military has an "up or out" policy which, depending on the needs of the
>service, requires promotion to O-4 (LtCdr or Major) to reach the minimum
>retirement term unless one has prior service.
I'm an Air Force brat and never heard of that. Dad retired in '66
so maybe it's new, or it wasn't talked about back then.
--
Music washes away from the soul the dust of everyday life.
---- --Unknown
Larry Jaques wrote:
>
>
>> The military has an "up or out" policy
> I'm an Air Force brat and never heard of that. Dad retired in '66
> so maybe it's new, or it wasn't talked about back then.
Yup. When I was in the Army (1985 - 92) they even had "Lieutenant Retention
Boards" -- evaluating Lt's to see which they would keep around long enough
to try for Captain. It wasn't pretty.
-- Mark
Ignorance noted.
The military has an "up or out" policy which, depending on the needs of the
service, requires promotion to O-4 (LtCdr or Major) to reach the minimum
retirement term unless one has prior service.
Of course, ignorance can be funny, too. Might want to put that on one of
your t-shirts.
"Larry Jaques" <jake@di\/ersify.com> wrote in message
news:[email protected]...
>
> Does that mean NOBODY in the military has a career (or is
> happy in their job) if they aren't a Major or higher?!?
>
> Corporate ladders are for greedy, capitalist peegs.
>
On 26 Sep 2003 17:15:37 GMT, Robert Bonomi responds:
>>>Oh yeah. The Marine Corps calls those guys "mustangs" and if you EVER see
>>one
>>>retire higher than major, let me know. Real career limiting move. Better off
>>>going for warrant officer, I think.
Does that mean NOBODY in the military has a career (or is
happy in their job) if they aren't a Major or higher?!?
Corporate ladders are for greedy, capitalist peegs.
--
Music washes away from the soul the dust of everyday life.
---- --Unknown
Larry Jaques asks:
>>>one
>>>>retire higher than major, let me know. Real career limiting move. Better
>off
>>>>going for warrant officer, I think.
>
>Does that mean NOBODY in the military has a career (or is
>happy in their job) if they aren't a Major or higher?!?
>
>Corporate ladders are for greedy, capitalist peegs.
No. It means there's a basic prejudice against enlisted men getting a direct
commission.
There are plenty of useful careers in the enlisted ranks. And at least today,
the get a decent wage.
Charlie Self
"Don't hit at all if it is honorably possible to avoid hitting; but never hit
soft."
Theodore Roosevelt
"Nova" <[email protected]> wrote in message
news:[email protected]...
> You better check the terms on the Visa Card. Depending on the type and
which
> bank issued the card late fees can run from $0 to $35.00.
I did - called all three of my card companies. Thanks.
None charge Late Fee's.
"brian roth" <[email protected]> wrote in message
news:[email protected]...
> Call 'em up and complain. Odds are they'll waive the fee (once).
Thanks - I did that, sort'a. He offered to remove the fee. I said "No"
since, according to my sense of what's honest and fair, it was my mistake.
I just asked him to cancel my account and note my objection.
"Henry St.Pierre" <[email protected]> wrote in message
> >
> Sorry, it was a 96 Bonneville. I sometimes don't know the year or what
> day of the week it is.
I do that ALL the time... I worked directly with GM from 1978 to 1995 and
thought that I had gotten in on the ground floor when the GM Card came
out...
Sometime after the sale, we got a letter from the
> GM credit card people advising us that they were going to change the
> terms of the credit card agreement as it related to the rebate on GM
> vehicles. I don't remember the terms exactly, but we would be limited to
> $500 a year (rebate credit).
IIRC it went from $750 for 5 years maximum to $500 and 7 years...or
something like that.
Leon wrote:
> "Interest" is charged for the money you borrowed to make your purchases. A
> "Late Fee" is for not paying back a portion of the money you borrowed on
> time.
>
> You can still shop at HD, I am sure they will still sell to you and not hold
> that mistake against you.
>
>
>
>
>
Back in the old days Vinnie would come over and break your
kneecaps when you missed a payment. This modern generation
of businessmen is soooo soft.
Some people would complain if you hung them with a new rope.
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[email protected] wrote:
> JOAT makes the most sense here. PAY CASH!
>
That makes no sense to me. I buy everything I can on credit
card that has a kick back in airline miles, then pay the
amount in full every months so I don't pay any interest.
Every $25,000 I spend I get a free round trip airline ticket
anyplace in the US or a few places in Canada, every $55,000
a round trip ticket to Europe. If you are middle to upper
middle income, you can cycle a lot of money through Visa
each month. The grocery store even takes it now.
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Wed, Sep 24, 2003, 7:44am (EDT-3) [email protected] (Rico) claims:
That makes no sense to me. I buy everything I can on credit card that
has a kick back in airline miles, then pay the amount in full every
months so I don't pay any interest.
Every $25,000 I spend I get a free round trip airline ticket anyplace in
the US or a few places in Canada, every $55,000 a round trip ticket to
Europe. If you are middle to upper middle income, you can cycle a lot of
money through Visa each month. The grocery store even takes it now.
Damn well makes sense to me. I don't have the bucks to pay off a
credit card every month. I have a fixed, limited income, and get an
emergency every once in awhile that would prevent me from paying it.
New tires for the truck a couple of weeks ago, brake work today. Miss a
payment, instant credit card debt. No thanks, been there, done that.
Besides, I don't fly anymore. And, damn sure wouldn't be flying
out of the country, even if I did. Debit card works for me, same as
cash, and if I don't have the money in the bank to cover it, I don't get
it. Simple.
Sounds like to me you think all of us are middle to upper middle
income, whatever that means. It ain't so.
JOAT
The whole of life is a learning process.
- John Keel
Life just ain't life without good music. - JOAT
Web Page Update 23 Sep 2003. Some tunes I like.
http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
Jack-of-all-trades - JOAT wrote:
> Damn well makes sense to me. I don't have the bucks to pay off a
> credit card every month. I have a fixed, limited income, and get an
> emergency every once in awhile that would prevent me from paying it.
> New tires for the truck a couple of weeks ago, brake work today. Miss a
> payment, instant credit card debt. No thanks, been there, done that.
>
>
People without the self discipline to not spend more than
they can pay off at the end of the month are wise to not use
a credit card. I have a few in my extended family that
could learn from you.
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Leon wrote:
>
> "Rico" <[email protected]> wrote in message
> news:[email protected]...
> > [email protected] wrote:
> > > JOAT makes the most sense here. PAY CASH!
> > >
> >
> > That makes no sense to me. I buy everything I can on credit
> > card that has a kick back in airline miles, then pay the
> > amount in full every months so I don't pay any interest.
> >
> > Every $25,000 I spend I get a free round trip airline ticket
> > anyplace in the US or a few places in Canada, every $55,000
> > a round trip ticket to Europe. If you are middle to upper
> > middle income, you can cycle a lot of money through Visa
> > each month. The grocery store even takes it now.
>
>
> Rico, that is what I do...
>
> If you drive a car and buy cars, you might want to consider the Citibank
> card. It pays 2% of all purchases towards a used or new car of any brand.
> Or the GM Card which pays 5% towards a GM car or any its line of companies.
>
>
>
Also rental car insurance and a lot of leverage when you are
dealing with a merchant or service provider who won't live
up to their obligations. And $5,000 free life insurance from
my Visa provider.
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Mark & Juanita wrote:
> In article <[email protected]>,
> [email protected] says...
> > On Fri, 26 Sep 2003 03:10:57 GMT, Mark & Juanita
> > <[email protected]> wrote:
> >
> > > Or, for the safety of a credit card (thieves can't clean out your
> > >account if they get hold of a CC), treat your credit card like a debit
> > >card.
> >
> > But they can run up your card. Are you protected against that?
> > Certainly, just as you are if someone drains your bank account
> > illegally. There's no functional difference.
> >
>
> No, there is a functional difference. Thieves can run up a credit
> card, but I am only responsible for the first $50 ($25?) of whatever
> they do -- the CC company is responsible for the rest. I believe this is
> by law; when CC were first getting started, it was one of the
> concessions they had to make to get into business. That's why monitor
> spending history and sometimes call people after they have made several
> large purchases outside of their normal spending habits, they are
> protecting their money, not yours.
>
I find it interesting that debit card only folks are so
defensive. I have never accepted one because in their early
days they were clearly not as secure as a credit card. The
better debit card companies seem to have taken care of most
of that problem, but I have no need or desire for one.
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B a r r y B u r k e J r . wrote:
> I find a debit card much less hassle than writing a check in large
> businesses. Small businesses often offer a CASH discount, not a check
> or debit card discount, but cash. I am more than happy to take them
> up on their offer.
>
> Barry
>
>
It sounds like credit cards and debit cards are functionally
equal these days for people who pay their bills in full
every month.
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FWIW, I fist got a credit card about 20 years ago, and while I've made
a few late payments over the years, I've never had a credit card
company refuse to waive the late fee after a simple request by
telephone.
--
Larry Wasserman Baltimore, Maryland
[email protected]
"mttt" wrote in message:
> No one's fault but mine: I'm sure the Late Fee is called out in small
print
> on some contract that I didn't read
That would be against the law. You'd need to look at the original
"Agreement to Terms" contract you signed when you either applied for or
received the card.
>and I'm sure that the last bill got
> buried under a pile of diapers or accidently tossed aside, or perhaps
pushed
> behind the dresser by our toddler. So, my fault for missing the payment.
Don't feel badly about this one - we've all done that at one time or another
in our lives.
> Funny me - I thought that's what interest was for.
Nope - interest is money paid for money "borrow" (after all - that's what
credit really is - "renting money."
> I'll take away three things from this experience: There's a Lowes 100
yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening
up
> an in-house card.
I have a Lowe's card and a Visa. They both have the same conditions. I
wouldn't put any blame on Home Depot - take it on the chin. The thing to do
is to build a wooden tray and put your "bills to be paid" in it. This way
you get to relate this whole thing to wood, solve the problem with wood, and
continue to use the Borg as your needs require.
Jim (who's been there and done that)
.
>
>
> So, how is a debit card less stupid than a credit card? Are you saying that
> it is less stupid to drain your checking account and then break down in your
> car out of town with no credit card and an empty bank account?
>
>
=====================================================
A debit card is the same as writing a check (with NO FLOAT) or slapping
your cash down at the cash register ... in either case if the car breaks
down on the way home has absolutely nothing to do with the initial use
of cash or the debit card...
Using Cash, Checks, or debit cards are in my mind the same thing..
(Spending money I already have) Use of a Credit Card is taking out a
loan, which requires you to pay interest if you do not pay off the
balance when the mailman delivers the bill.
Personally I usually do not carry more then 50-60 bucks in my pocket and
make most of my purchases with a debit card... BUT I do carry a "few"
credit cards that I do use mostly on the 3rd Blue Moon of every other
month.... BUT I pay the balance off the day after I receive the bill in
the mail...
BTW the licience plates on one of may cars reads.... (IO NO 1)
....... which really means I earned my "toys" the old fashion way.. thru
my own hard work...
Bob Griffiths
"mttt" <[email protected]> wrote in message
news:[email protected]...
> Got my last statement and was quite surprised to see a Late Fee of $25 in
> addition to the interest.
>
> No one's fault but mine: I'm sure the Late Fee is called out in small
print
> on some contract that I didn't read and I'm sure that the last bill got
> buried under a pile of diapers or accidently tossed aside, or perhaps
pushed
> behind the dresser by our toddler. So, my fault for missing the payment.
>
> Funny me - I thought that's what interest was for.
>
> I'll take away three things from this experience: There's a Lowes 100
yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening
up
> an in-house card.
>
You might want to take a look at the terms of your visa card, there chief.
They all have late fees.
"Joe Shmoe" <[email protected]> wrote in message > >
> >
>
> Funny how credit card companies dislike those of us who pay off their
> credit cards in full every month. I'm surprised they don't try charging
us
> a fee for that.
>
I have a GM Card and Citibank card and have not carried a balance ever...I
still get the same benefits..
do what I do: set up auto-pay through your bank. go online to manage
your account. Beats licking stamps. payments won't ever be late. You
can either input the amount manually for each payment, or set an upper
limit and use "auto-pay" so that if you forget, the payment will go
through for the correct amount of the monthly bill. I usually write
about 2 or 3 checks a month now, instead of over 15.
I forgot the :) when I said it sucks to be a deadbeat. I hope you know
I was just being silly!!
dave
mttt wrote:
> Got my last statement and was quite surprised to see a Late Fee of $25 in
> addition to the interest.
>
> No one's fault but mine: I'm sure the Late Fee is called out in small print
> on some contract that I didn't read and I'm sure that the last bill got
> buried under a pile of diapers or accidently tossed aside, or perhaps pushed
> behind the dresser by our toddler. So, my fault for missing the payment.
>
> Funny me - I thought that's what interest was for.
>
> I'll take away three things from this experience: There's a Lowes 100 yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening up
> an in-house card.
>
>
No, people who think credit cards allow them to spend
money they will never have are stupid.
Credit cards are a convenient way to pay for
purchases, and some cards nowadays refund you
cash, or airline miles, or gasoline, etc.
Abusing credit cards is stupid, the cards themselves are not.
mikey.
Charlie Campney wrote:
> Cut up the damn card and pay cash ! ! ! It's just as good as money !
> ! ! Or get a debit card ! ! ! Credit cards are stupid ! ! !
Henry St.Pierre wrote:
> Sorry, it was a 96 Bonneville. I sometimes don't know the year or what
> day of the week it is. Sometime after the sale, we got a letter from the
> GM credit card people advising us that they were going to change the
> terms of the credit card agreement as it related to the rebate on GM
> vehicles. I don't remember the terms exactly, but we would be limited to
> $500 a year (rebate credit). The reason given is that we did not carry a
> balance on our card, but paid the balance each month. I guess to them we
> were deadbeats.
> Regards,
> Hank
>
>
>
Funny how credit card companies dislike those of us who pay off their
credit cards in full every month. I'm surprised they don't try charging us
a fee for that.
"Rico" <[email protected]> wrote in message
news:[email protected]...
> [email protected] wrote:
> > JOAT makes the most sense here. PAY CASH!
> >
>
> That makes no sense to me. I buy everything I can on credit
> card that has a kick back in airline miles, then pay the
> amount in full every months so I don't pay any interest.
>
> Every $25,000 I spend I get a free round trip airline ticket
> anyplace in the US or a few places in Canada, every $55,000
> a round trip ticket to Europe. If you are middle to upper
> middle income, you can cycle a lot of money through Visa
> each month. The grocery store even takes it now.
Rico, that is what I do...
If you drive a car and buy cars, you might want to consider the Citibank
card. It pays 2% of all purchases towards a used or new car of any brand.
Or the GM Card which pays 5% towards a GM car or any its line of companies.
"B a r r y B u r k e J r ." <[email protected]> wrote
in message news:[email protected]...
> Oh how I love my debit card. <G>
I like mine too. Hate the 25 cent surcharge to use it.
"Brian Henderson" <[email protected]> wrote in message
news:[email protected]...
> On Thu, 25 Sep 2003 04:09:31 GMT, "Leon"
> <[email protected]> wrote:
>
> >HOW is a debit card less stupid than a credit card?
> >Or does a debit card prevent you from being stupid...
>
> Because a debit card has a limit of the amount of money you have in
> the bank. Once it's gone, you can't buy anything else. It doesn't
> stop you from making stupid purchases, but it does stop you from
> running up a tab doing it.
So, how is a debit card less stupid than a credit card? Are you saying that
it is less stupid to drain your checking account and then break down in your
car out of town with no credit card and an empty bank account?
"Lawrence Wasserman" <[email protected]> wrote in message
news:[email protected]...
>
> FWIW, I fist got a credit card about 20 years ago, and while I've made
> a few late payments over the years, I've never had a credit card
> company refuse to waive the late fee after a simple request by
> telephone.
Yep - when I called. He offered to remove it. It was 100% my mistake. I was
a "deadbeat", to quote Dave. Didn't think that would be honest. I screwed up
by not reading the contract.
I politely told the rep, to cancel the account and he collected my reason...
"Edwin Pawlowski" <[email protected]> wrote in message
news:[email protected]...
>
> "Leon" <[email protected]> wrote in message
> news:%[email protected]...
> > HOW is a debit card less stupid than a credit card?
> > Or does a debit card prevent you from being stupid...
> >
>
> It prevents you from spending money you don't have. The limit is the
amount
> in your checking account.
But it does not prevent you from draining your checking account and not
being able to pay other bills because you now have no money in that account.
It's all a matter of self controll.
[email protected] (Jack-of-all-trades - JOAT) wrote in message news:<[email protected]>...
> Don't use any credit card, period. Pay cash, or
> do without, until you do have the cash.
It makes better financial sense to use a credit card with a benefit
attached to it, then pay it off every month. We have money from every
purchase going into our kids' 529 college plan. We used to buy
everything with our Discover card and just take the cash back.
Cash and debit cards don't pay you to use them. Over the years it
really adds up. I even use the CC for $0.50 purchases when I can.
Of course, if you're apt to spend more than you can afford in a given
month, then sticking with cash is the way to go, as interest will kill
CC benefits in a heartbeat. I spent like this until I went through
some "training" administered by SWMBO ;)
-Mike
In article <[email protected]>,
[email protected] says...
> On Sat, 27 Sep 2003 05:43:53 GMT, Mark & Juanita
> <[email protected]> wrote:
>
>
> > Does this also include bounced check charges and other deadbeat fees
> >if a thief cleans out your checking account with a stolen debit card?
> >Not asking to be a wise-acre, I'm genuinely curious as to how far they
> >cover.
> >
>
> It dosen't get "cleaned out". As soon as you dispute the charge,
> the money is replaced, fees are refunded, etc... This exact thing
> happened to me and my credit union was awesome to deal with. Mu card
> was lost, and I didn't even know it was lost until I started getting
> overdraft notices in the mail. I have overdraft protection, so
> nothing was rejected.
>
I guess I'm not asking the question correctly. Assuming one does not
have overdraft protection, if a thief manages to steal your card and
PIN, and in a single or a couple of large purchases manages to reduce
your bank balance to zero, does the debit card company cover you for
bounced check fees when checks you have written on your account (now
overdrawn) start bouncing?
Jack-of-all-trades - JOAT wrote:
> Foolish man. The only useful thing you seem to have learned is to
> not shop Home Depot. Don't use any credit card, period. Pay cash, or
> do without, until you do have the cash. Or, if you just can't do
> without, get a personal loan from your bank and buy whatever, less
> interest.
Amen, JOAT, amen.
I can testify to the spiral the others have implied too. One card
over-balance due to one late payment, and then KABOOM! They all went up to
27% instantly, putting several of them over the limit, with more fees, more
penalties. I racked up an additional $5,000 in completely bogus debt just
in 30 short days, because of one delay in the mail.
The bright side was that finally pushed me into a credit counseling program.
The down side is that five years into my "five year" program, my calculation
is that I still have at least three more to go. I've already spent just a
hair less than $40,000. Forty. Thousand. Dollars.
Forty grand urinated on, mixed with gasoline and lit on fire.
It could happen to anyone. I'm not stupid, but doing without stuff sucks,
and credit is easy to get in the beginning. Like crack. It's easy to
convince yourself that it won't happen to you. Like crack. Then you get
hooked and turn your life into a shambles for nothing. Like crack.
If you wouldn't smoke crack, don't use credit cards.
--
Michael McIntyre ---- Silvan <[email protected]>
Linux fanatic, and certified Geek; registered Linux user #243621
Confirmed post number: 17905 Approximate word count: 537150
http://www.geocities.com/Paris/Rue/5407/
On Wed, 24 Sep 2003 03:06:08 GMT, "Leon"
<[email protected]> wrote:
>
>"Jim K" <jkajpust@###ameritech.net> wrote in message
>news:[email protected]...
>> Not only that but each late payment usually brings an interest
>> increase.
>
>
>Exactly and while it is hard to believe, many credit card companies will up
>their interest rate to you if you are late on some one else's credit card.
>
Oh how I love my debit card. <G>
Barry
"Henry St.Pierre" <[email protected]> wrote in message
news:[email protected]...
> This is the same experience I had when I bought my 1986 Bonneville.
> Nobody at the dealership was aware of my GM rebate until we closed on
> the car. IIRC I also got $3,600 off the total.
> Regards,
> Hank
86 Bonneville? I was not aware that (a) the card was available then or (b)
it was good for used cars... Was it maybe a 96 model? ;~)
"Jack-of-all-trades - JOAT" <[email protected]> wrote in message
news:[email protected]...
> Tue, Sep 23, 2003, 3:56pm (EDT-2) [email protected] (mttt) <says>
> <snip> I'll take away three things from this experience: There's a Lowes
> 100 yards away from Home Depot, I'll shop there; I'll use a Visa instead
> of a BORG card from now on; I'll ask about Late Fees next time I feel
> like opening up an in-house card.
>
> Foolish man. The only useful thing you seem to have learned is to
> not shop Home Depot. Don't use any credit card, period. Pay cash, or
> do without, until you do have the cash. Or, if you just can't do
> without, get a personal loan from your bank and buy whatever, less
> interest.
>
> JOAT
> The whole of life is a learning process.
> - John Keel
>
> Life just ain't life without good music. - JOAT
> Web Page Update 23 Sep 2003. Some tunes I like.
> http://community-2.webtv.net/Jakofalltrades/SOMETUNESILIKE/
bunk.
i have one credit card. everything gets put on it. i probably spend <$50
cash/month. paid off at the end of every month. it gets frequent flyer
miles. went to the Caribbean for free this year.
"Silvan" <[email protected]> wrote in message
news:[email protected]...
>
> It could happen to anyone. I'm not stupid, but doing without stuff sucks,
> and credit is easy to get in the beginning. Like crack. It's easy to
> convince yourself that it won't happen to you. Like crack. Then you get
> hooked and turn your life into a shambles for nothing. Like crack.
>
> If you wouldn't smoke crack, don't use credit cards.
I'm glad you got into a counseling program. But please
don't project your weaknesses onto others. You
already admitted that you have a problem controlling
your spending. Not everyone has the same problem.
And, as much as you would like to feel it is true, it
couldn't happen to everyone. Millions of people manage
credit sensibly throughout all their adult life.
Dennis Vogel
"EmbErna" <[email protected]> wrote in message
news:eD8cb.560274$Ho3.99166@sccrnsc03...
>
> Didn't you wonder why more than a month went by without
> recieving a bill, or having to send in a payment?
Ever have three children under two in the house? Some mornings I wake up and
realize I missed yesterday's lunch and dinner.
On Thu, 25 Sep 2003 04:09:31 GMT, "Leon"
<[email protected]> wrote:
>HOW is a debit card less stupid than a credit card?
>Or does a debit card prevent you from being stupid...
Because a debit card has a limit of the amount of money you have in
the bank. Once it's gone, you can't buy anything else. It doesn't
stop you from making stupid purchases, but it does stop you from
running up a tab doing it.
Jim K wrote:
> What's the difference between something that is due on the 12th and
> something is due on the 12th+10. There is still a due date you have to
> pay if by. And if you pay it 10 days late, that also means the next
> payment will seem like it's due 10 days early.
>
=============================
The Credit card bill that comes in the mail on Monday I pay on Tuesday..
WITH ONE EXCEPTION.... My Exxon credit card...!
Exxon/Mobile bills me the same day they receive my payment...
If I receive the bill today pay it tomorrow I will get another bill in
in the mail by the end of the week... SO I wait until a few days
before it is due then pay it... just saves stamps and checks... lol
When I was a young man (I am not now..lol) I used to pay my Sears bill
(you know the one where I had charged all those Crapsman machines to) at
the store itself on the day it was due... The Major reason was that it
gave me a chance to wander around the tool section and dream...(hey this
was in the early 60's and Crapsman was just about the only show in
town.. I was young ..I was dumb..and I had very little money
I did this UNTIL Sears "declared me a SLOW payer"
because I always paid late...seems they do not credot your payment until
it actually gets to their home office not when the local store receives
it... That was a Lesson I never forgot about "store issued credit
cards"..
Bob Griffiths
Didn't you wonder why more than a month went by without
recieving a bill, or having to send in a payment?
You know, you don't have to wait until you get a bill
in the mail to send them money...they'll accept it as
often as you're willing to send it to them.
I agree with BAD, "sucks being a deadbeat, eh?"
mikey.
mttt wrote:
> Got my last statement and was quite surprised to see a Late Fee of $25 in
> addition to the interest.
>
> No one's fault but mine: I'm sure the Late Fee is called out in small print
> on some contract that I didn't read and I'm sure that the last bill got
> buried under a pile of diapers or accidently tossed aside, or perhaps pushed
> behind the dresser by our toddler. So, my fault for missing the payment.
>
> Funny me - I thought that's what interest was for.
>
> I'll take away three things from this experience: There's a Lowes 100 yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening up
> an in-house card.
>
>
sucks to be a deadbeat, huh?
dave
mttt wrote:
> Got my last statement and was quite surprised to see a Late Fee of $25 in
> addition to the interest.
>
> No one's fault but mine: I'm sure the Late Fee is called out in small print
> on some contract that I didn't read and I'm sure that the last bill got
> buried under a pile of diapers or accidently tossed aside, or perhaps pushed
> behind the dresser by our toddler. So, my fault for missing the payment.
>
> Funny me - I thought that's what interest was for.
>
> I'll take away three things from this experience: There's a Lowes 100 yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening up
> an in-house card.
>
>
"mttt" <[email protected]> wrote in message news:<[email protected]>...
> Got my last statement and was quite surprised to see a Late Fee of $25 in
> addition to the interest.
>
> No one's fault but mine: I'm sure the Late Fee is called out in small print
> on some contract that I didn't read and I'm sure that the last bill got
> buried under a pile of diapers or accidently tossed aside, or perhaps pushed
> behind the dresser by our toddler. So, my fault for missing the payment.
>
> Funny me - I thought that's what interest was for.
>
> I'll take away three things from this experience: There's a Lowes 100 yards
> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
> card from now on; I'll ask about Late Fees next time I feel like opening up
> an in-house card.
Call 'em up and complain. Odds are they'll waive the fee (once).
Well, my credit card has another limit -- if I wouldn't pull cash out of my
wallet or write a check, I don't use the card (except for emergency).
Therefore I pay off every month. I don't have to carry a lot of cash and
usually not the check book. The advantage of the credit card over a debit
card is that you have protection from misuse by other persons with a credit
card.
Neither card prevents you from being stupid -- only you can do that.
"Bruce" <[email protected]> wrote in message
news:[email protected]...
> In rec.woodworking
> "Leon" <[email protected]> wrote:
>
> >HOW is a debit card less stupid than a credit card?
> >Or does a debit card prevent you from being stupid...
>
> Hello! It has a limit. Your balance. Yes, a credit card has a limit but
> not usually a reasonable one.
On Wed, 24 Sep 2003 07:44:32 -0700, Rico <[email protected]> pixelated:
>[email protected] wrote:
>> JOAT makes the most sense here. PAY CASH!
>
>That makes no sense to me. I buy everything I can on credit
>card that has a kick back in airline miles, then pay the
>amount in full every months so I don't pay any interest.
Don't forget that a lot of cards give you double the
warranty on everything purchased with them, and the fact
that returning something purchased on a card is much,
much easier if it turns out to be a lemon.
----------------------------------------------------------
--== EAT RIGHT...KEEP FIT...DIE ANYWAY ==--
http://www.diversify.com/stees.html - Schnazzy Tees online
----------------------------------------------------------
On Sat, 27 Sep 2003 05:43:53 GMT, Mark & Juanita
<[email protected]> wrote:
> Does this also include bounced check charges and other deadbeat fees
>if a thief cleans out your checking account with a stolen debit card?
>Not asking to be a wise-acre, I'm genuinely curious as to how far they
>cover.
>
It dosen't get "cleaned out". As soon as you dispute the charge,
the money is replaced, fees are refunded, etc... This exact thing
happened to me and my credit union was awesome to deal with. Mu card
was lost, and I didn't even know it was lost until I started getting
overdraft notices in the mail. I have overdraft protection, so
nothing was rejected.
Should the charge be proven to be yours, the fees, money, etc... are
instantly removed from your account.
If the card owner was stupid enough to do something like write the PIN
on the card, and the purchase was made as a debit, with the PIN, you
can probably kiss the money goodbye.
If the purchase was made as a credit card, even if the card is a debit
only version with the Visa logo, all Visa value added services apply.
Visa usually recovers illegally charged money from the merchant that
accepted the card, via charge backs. The merchant is required to
verify signatures, even though most don't.
Barry
>
> You might want to take a look at the terms of your visa card, there chief.
> They all have late fees.
Some in-house CCs charge a late fee if not paid on the very day it's due.
Many Visa, etc, cards charge only after 10 days late (many, but not all).
Actually, in-house CCs are the only consume loan product I think I've ever
seen that charges for missing the due date by a day. Although I suspect
your bad-credit sucker rip-you-off Visa cards do that, too (you know the
ones, 23% interest, $250 charge to start, $7+/month account charge, and only
give you a $300 limit, then charge to increase that)
--randy
On Wed, 24 Sep 2003 15:58:49 -0400, [email protected] wrote:
>I've got a capital one card and never have had a problem but since
>credit cards are a bear trap with a hair trigger, I tend to over pay
>so that they don't want me to pay them so I can't be late. Anyone
>getting a bill with a payment required of 0.00 will understand.
True story. I once had to write Sears a check for $0.00 to get them to
stop dunning me. I had called, written and whined, but they had
finally turned it over to a collection agency. It took me years to get
that stupid non-payment thing off my credit record. IIRC I ended up
having to call each month and get them to remove the late payment fee,
but they still kept billing me the $0.00. Sometimes you wonder about
stuff.
Tim Douglass
http://www.DouglassClan.com
On Fri, 26 Sep 2003 03:10:57 GMT, Mark & Juanita
<[email protected]> wrote:
> Or, for the safety of a credit card (thieves can't clean out your
>account if they get hold of a CC), treat your credit card like a debit
>card.
But they can run up your card. Are you protected against that?
Certainly, just as you are if someone drains your bank account
illegally. There's no functional difference.
"Scratch Ankle Wood" <[email protected]> wrote in message
news:[email protected]...
> Well, my credit card has another limit -- if I wouldn't pull cash out of
my
> wallet or write a check, I don't use the card (except for emergency).
> Therefore I pay off every month. I don't have to carry a lot of cash and
> usually not the check book. The advantage of the credit card over a debit
> card is that you have protection from misuse by other persons with a
credit
> card.
>
> Neither card prevents you from being stupid -- only you can do that.
You hit the nail right on the head with that answer. Exactly all the same
reasons I use a credit card and mine pay back a minimum of 2% in rebates. I
don't use the CC to buy things that I cannot afford. I use it for normal
daily spending and pay it off every month.
"Bay Area Dave" <[email protected]> wrote in message
news:[email protected]...
> I forgot the :) when I said it sucks to be a deadbeat. I hope you know
> I was just being silly!!
>
And I'll take back all of those nasty things I said about the City... :)
On Sat, 27 Sep 2003 05:43:53 GMT, Mark & Juanita
<[email protected]> wrote:
> Does this also include bounced check charges and other deadbeat fees
>if a thief cleans out your checking account with a stolen debit card?
>Not asking to be a wise-acre, I'm genuinely curious as to how far they
>cover.
Yup, it covers everything. About a year ago, I was having a
particularly troublesome transmission replaced in my wife's car. The
shop had put *4* transmissions in and each one failed catastrophically
within weeks. The shop promised to have it fixed by a certain date,
but didn't make it so they rented me a car. I had the car for about a
month (don't get me started) and in the end, instead of charging the
shop for the rental rates, Hertz charged the whole amount on my debit
card (they had to have the card # to hold the car). That caused my
entire bank account to cascade into bounced checks, bounced check
charges, causing more checks to bounce, etc. All in all, because of
this one fraudulent charge, I ended up with hundreds of dollars in
bounce charges and about a dozen bounced checks.
The bank waived all of them and even paid company late fees and bounce
fees without blinking an eye. We were not liable for any charge
because it wasn't our fault. Hopefully they passed those charges on
to Hertz, but I really don't know.
On Tue, 23 Sep 2003 15:56:36 -0600, "mttt" <[email protected]>
wrote:
>I'll take away three things from this experience: There's a Lowes 100 yards
>away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
>card from now on; I'll ask about Late Fees next time I feel like opening up
>an in-house card.
Good luck. I think my Visa charges $29 for a late fee plus a
percentage of the balance. I use an automatic payment to avoid that
little problem. Most CCs can be set up to withdraw the minimum payment
from you checking automatically, eliminating any late fees. You just
make a second payment each month to pay off the balance or whatever
amount you want to pay.
Tim Douglass
http://www.DouglassClan.com
On Sat, 27 Sep 2003 22:55:01 GMT, Mark & Juanita
<[email protected]> wrote:
>
> I guess I'm not asking the question correctly. Assuming one does not
>have overdraft protection, if a thief manages to steal your card and
>PIN, and in a single or a couple of large purchases manages to reduce
>your bank balance to zero, does the debit card company cover you for
>bounced check fees when checks you have written on your account (now
>overdrawn) start bouncing?
With the PIN, maybe. You are running under the issuer's debit card
agreement. How that would happen is anyone's guess, as the PIN should
not be recorded in the wallet or purse.
Without the PIN, my credit union would and did for me, as the card is
run though as a Visa, and is subject to Visa's benefits and rules.
It's a little complicated, but a single card can be subject to two
sets of rules, depending on how it's used.
Barry
In news:[email protected],
Leon <[email protected]> spewed forth and said:
> "Interest" is charged for the money you borrowed to make your
> purchases. A "Late Fee" is for not paying back a portion of the
> money you borrowed on time.
>
> You can still shop at HD, I am sure they will still sell to you and
> not hold that mistake against you.
If your late, your late...........but, the CC co. like to hold your payment
sometime.
I believe USA cc was just sued recently over this practice. What bothers me
is that when you send them considerbly more than the minimum amount "every"
month(2-4x more) they should let ya slide a few days if your payment got
there a few days late acouple of times a year.
I called one the other day, payment was due on the 7th(Sunday), posted pymt
on the 8th, charged me 35.00 bucks, told them to close the account and
transfer my balance to another account. There's too many cards out there
that let ya transfer balances for 0% - 3-5% for 6 months to a year, that I
just don't put up with their BS anymore. Screw 'em!!!
On Fri, 26 Sep 2003 12:52:11 GMT, [email protected] (Renata)
wrote:
>Unless you have overdraft protection - then you can drain your savings
>AND checking accounts.
It is impossible to spend money that you don't have. You can spend
money that you shouldn't spend, but you can't go into debt with a
debit card.
Then you might as well right a check...
And again, it is not the card, its the user.
"Bruce" <[email protected]> wrote in message
news:[email protected]...
> In rec.woodworking
> "Leon" <[email protected]> wrote:
>
> >HOW is a debit card less stupid than a credit card?
> >Or does a debit card prevent you from being stupid...
>
> Hello! It has a limit. Your balance. Yes, a credit card has a limit but
> not usually a reasonable one.
On Sun, 28 Sep 2003 09:56:16 -0700, Rico <[email protected]> wrote:
>I find it interesting that debit card only folks are so
>defensive.
Defensive? Pointing out errors and myths is defensive? <G>
I've had credit cards, but only when someone has made it really worth
my while to get one. Some merchants give large discounts for
applying off an initial purchase. I'll take advantage of that to the
extent I planned to pay cash for, pay it all in the first payment, and
cancel the card.
I read the small print on my cards, and don't feel comfortable running
up large bills to collect miles, points, whatever. One mistake
paying that bill, a lost mailing, etc.. and many, if not _all_ of the
benefits are wiped out.
I find a debit card much less hassle than writing a check in large
businesses. Small businesses often offer a CASH discount, not a check
or debit card discount, but cash. I am more than happy to take them
up on their offer.
Barry
What's the difference between something that is due on the 12th and
something is due on the 12th+10. There is still a due date you have to
pay if by. And if you pay it 10 days late, that also means the next
payment will seem like it's due 10 days early.
On Tue, 23 Sep 2003 23:17:34 GMT, "Randy Chapman"
<[email protected]> wrote:
>>
>> You might want to take a look at the terms of your visa card, there chief.
>> They all have late fees.
>
>Some in-house CCs charge a late fee if not paid on the very day it's due.
>Many Visa, etc, cards charge only after 10 days late (many, but not all).
>
>Actually, in-house CCs are the only consume loan product I think I've ever
>seen that charges for missing the due date by a day. Although I suspect
>your bad-credit sucker rip-you-off Visa cards do that, too (you know the
>ones, 23% interest, $250 charge to start, $7+/month account charge, and only
>give you a $300 limit, then charge to increase that)
>
>--randy
>
I guess it is the card you end up with.. I have a Citibank card and a GM
Card. I have a 21 grace period with both and usually get them 10 days
before they are due. Never have had a late fee, or interest and my limit
keeps going up. I always pay them in full each month and I get $1,000's in
credit each time I buy a new or used vehicle.
"B a r r y B u r k e J r ." <[email protected]> wrote
in message news:[email protected]...
> On Wed, 24 Sep 2003 03:06:08 GMT, "Leon"
> <[email protected]> wrote:
>
> >
> >"Jim K" <jkajpust@###ameritech.net> wrote in message
> >news:[email protected]...
> >> Not only that but each late payment usually brings an interest
> >> increase.
> >
> >
> >Exactly and while it is hard to believe, many credit card companies will
up
> >their interest rate to you if you are late on some one else's credit
card.
> >
>
> Oh how I love my debit card. <G>
>
> Barry
On Tue, 23 Sep 2003 15:56:36 -0600, "mttt" <[email protected]>
pixelated:
>Got my last statement and was quite surprised to see a Late Fee of $25 in
>addition to the interest.
Capital One gets $29.00 for that.
>No one's fault but mine: I'm sure the Late Fee is called out in small print
>on some contract that I didn't read and I'm sure that the last bill got
>buried under a pile of diapers or accidently tossed aside, or perhaps pushed
>behind the dresser by our toddler. So, my fault for missing the payment.
>
>Funny me - I thought that's what interest was for.
Look at the interest rates they get on cards now. Crikey, that
31% rate used to be called USURY!
>I'll take away three things from this experience: There's a Lowes 100 yards
>away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
>card from now on; I'll ask about Late Fees next time I feel like opening up
>an in-house card.
Didja mail in the cut-up credit card with their late fee?
----------------------------------------------------------
--== EAT RIGHT...KEEP FIT...DIE ANYWAY ==--
http://www.diversify.com/stees.html - Schnazzy Tees online
----------------------------------------------------------
Not really. Debit takes the money today, credit once a month. Sometimes
that's important for cash flow.
"Rico" <[email protected]> wrote in message
news:[email protected]...
> It sounds like credit cards and debit cards are functionally
> equal these days for people who pay their bills in full
> every month.
>
On Tue, 23 Sep 2003 22:00:16 GMT, "Frank Ketchum"
<[email protected]> wrote:
>
>"mttt" <[email protected]> wrote in message
>news:[email protected]...
>> Got my last statement and was quite surprised to see a Late Fee of $25 in
>> addition to the interest.
>>
>> No one's fault but mine: I'm sure the Late Fee is called out in small
>print
>> on some contract that I didn't read and I'm sure that the last bill got
>> buried under a pile of diapers or accidently tossed aside, or perhaps
>pushed
>> behind the dresser by our toddler. So, my fault for missing the payment.
>>
>> Funny me - I thought that's what interest was for.
>>
>> I'll take away three things from this experience: There's a Lowes 100
>yards
>> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
>> card from now on; I'll ask about Late Fees next time I feel like opening
>up
>> an in-house card.
>>
>
>
>You might want to take a look at the terms of your visa card, there chief.
>They all have late fees.
>
>
Even worse, some of the card issuers have added a new tactic :
they'll raise their rates to the max if you're late paying some other
card.
Capital One is a case in point : they raised their interest rates from
9.9 to 27.,79 per annum because another card issuer noted a late
payment.
Cut the Cap One card up in itty-bitty pieces, even though it was a
nominal 9.9 per annum rate with a zero balance (that's the way I keep
all my credit cards - zeroed out)>
Cheers,
Fred McClellan
the dash plumber at mindspring dot com
Not only that but each late payment usually brings an interest
increase.
On Tue, 23 Sep 2003 23:46:56 GMT, Nova <[email protected]> wrote:
>mttt wrote:
>
>> I'll take away three things from this experience: There's a Lowes 100 yards
>> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
>> card from now on; I'll ask about Late Fees next time I feel like opening up
>> an in-house card.
>
>You better check the terms on the Visa Card. Depending on the type and which
>bank issued the card late fees can run from $0 to $35.00.
I've got a capital one card and never have had a problem but since
credit cards are a bear trap with a hair trigger, I tend to over pay
so that they don't want me to pay them so I can't be late. Anyone
getting a bill with a payment required of 0.00 will understand.
Wes
Fred McClellan <[email protected]> wrote:
>On Tue, 23 Sep 2003 22:00:16 GMT, "Frank Ketchum"
><[email protected]> wrote:
>
>>
>>"mttt" <[email protected]> wrote in message
>>news:[email protected]...
>>> Got my last statement and was quite surprised to see a Late Fee of $25 in
>>> addition to the interest.
>>>
>>> No one's fault but mine: I'm sure the Late Fee is called out in small
>>print
>>> on some contract that I didn't read and I'm sure that the last bill got
>>> buried under a pile of diapers or accidently tossed aside, or perhaps
>>pushed
>>> behind the dresser by our toddler. So, my fault for missing the payment.
>>>
>>> Funny me - I thought that's what interest was for.
>>>
>>> I'll take away three things from this experience: There's a Lowes 100
>>yards
>>> away from Home Depot, I'll shop there; I'll use a Visa instead of a BORG
>>> card from now on; I'll ask about Late Fees next time I feel like opening
>>up
>>> an in-house card.
>>>
>>
>>
>>You might want to take a look at the terms of your visa card, there chief.
>>They all have late fees.
>>
>>
>
>Even worse, some of the card issuers have added a new tactic :
>they'll raise their rates to the max if you're late paying some other
>card.
>
>Capital One is a case in point : they raised their interest rates from
>9.9 to 27.,79 per annum because another card issuer noted a late
>payment.
>
>Cut the Cap One card up in itty-bitty pieces, even though it was a
>nominal 9.9 per annum rate with a zero balance (that's the way I keep
>all my credit cards - zeroed out)>
>
>Cheers,
>Fred McClellan
>the dash plumber at mindspring dot com
--
Reply to:
Whiskey Echo Sierra Sierra AT Gee Tee EYE EYE dot COM
Lycos address is a spam trap.
"Frank Ketchum" <[email protected]> wrote in message
news:[email protected]...
>
> You might want to take a look at the terms of your visa card, there chief.
> They all have late fees.
I did thanks. The three other cards I have don't have late fees. Even called
to check. Better shop 'round Scout! :)
"Jim Mc Namara" <[email protected]> wrote in message
news:Pmgcb.164$%[email protected]...
>
> "mttt" wrote in message:
> I have a Lowe's card and a Visa. They both have the same conditions. I
> wouldn't put any blame on Home Depot - take it on the chin. The thing to
do
> is to build a wooden tray and put your "bills to be paid" in it. This way
> you get to relate this whole thing to wood, solve the problem with wood,
and
> continue to use the Borg as your needs require.
>
> Jim (who's been there and done that)
Thanks Jim. I did check all of my other cards, and all three are quite
proud of their Grace period. Yep, I'll take this one squarely on the chin.
I do have a "wooden tray". Worked great for dozens of years.
Now it's buried under Toddler PJ's and Diapers. :)
Perhaps, but I maybe a different version unless something has come up
lately.. I do know that the discount was restricted to the original GM
vehicles some years back. Saturn and Saab were not eligible for rebate.
Anyway, when I cashed in on the GM rebate 7 years ago, the dealer and or
salesman never knew that I had any rebate at all. In the closing office I
indicated to the finance manager that I would like to apply my GM rebate to
the final cost of the vehicle and after a telephone call to the CC company
$3,600 was deducted from my total. No prior announcement was required.
"Nova" <[email protected]> wrote in message
news:[email protected]...
> Leon wrote:
>
> > If you drive a car and buy cars, you might want to consider the Citibank
> > card. It pays 2% of all purchases towards a used or new car of any
brand.
> > Or the GM Card which pays 5% towards a GM car or any its line of
companies.
>
> Isn't there a class action law suit going on against GM for instructing
their
> dealers to disallow the GM credit card discount on new vehicles? I seem
to
> recall the law suit stems from GM instructing the dealers to tell buyers
"The
> plan doesn't apply to that model", etc..
>
> --
> Jack Novak
> Buffalo, NY - USA
>
>