Credit card companies going crazy! WTF?! - Page 2 - Toyota Yaris Forums

BluYrs · 10-27-2009, 07:41 AM

Looking from across the pond, I have to wonder...

If banks start charging more for credit cards (basically you using their money), wouldn't it make sense to switch your consumer behaviour around? So instead of going through your next paycheck by using a credit card, why not use the money you have from your last paycheck? You wouldn't have to cut back on spending- if anything you'd have a few extra bucks which would have gone to pay off the credit.

Of course, this is based on the presumption that you don't spend more than you earn and that you have the ability to save a bit for unforeseeable expenses. Could it be that this presumption is not correct and that's why so many people have to resort to frequently using a credit card?

I admit that this is a much wider topic and also involves differences in long-time consumer behaviour between the US and the EU, but I have to wonder if the credit card has become a basic necessity. Dammit, I got all Carrie Bradshaw there, sorry...

why? · 10-27-2009, 10:01 AM

What we need to do is to adopt the common sense banking laws of England, and prolly some other countries, which make most of these fees illegal. Heck, my sister checked into getting a fancy bank of america acount in the states, one that allowed you to keep balances in dollars, pounds, and euros, and it would've cost her about $200 a month to have here, but in england, because of the laws, she can have it for free.

Yaris Hilton · 10-27-2009, 10:41 AM

Quote:

Originally Posted by Kioshi

Fuck Visa and Mastercard...AMEX all the way :)

I dropped AMEX years ago because (1) there are relatively few merchants who accept it; and (2) the annual fees were a bit too much.

Yaris Hilton · 10-27-2009, 10:44 AM

Quote:

Originally Posted by BluYrs

Of course, this is based on the presumption that you don't spend more than you earn and that you have the ability to save a bit for unforeseeable expenses. Could it be that this presumption is not correct and that's why so many people have to resort to frequently using a credit card?

I, like the majority of American credit card users, have always paid my balance in full each month. I use the card for convenience. The credit card companies unkindly call us "freeloaders," as we're not paying their exorbitant interest rates.

*tomato* · 10-27-2009, 01:21 PM

Carrie Bradshaw's credit card bills are probably out of control. She always seem to be wearing new shoes and clothes yet she doesn't know where the next paycheck is coming from

TinyGiant · 10-27-2009, 01:29 PM

its bad enough i gotta sit through skanks in the city when my wife watches it .. lol not on YW too!?! lol

*tomato* · 10-27-2009, 01:35 PM

Good point TG ;)

AmyV · 10-27-2009, 02:23 PM

Haha, funny you guys are talking about all this. I have an excellent credit score. I got a Best Buy credit card last year so I could get a computer there (they offered me 18 months same as cash). Paid it off in about 8 months.

Now, they just took changed my fixed interest rate and changed it to variable. This past month would have been 28%

!!! Thank god I don't have a balance on the card!

It pisses me off though.

Can't cancel the card, but can't carry a balance either. I guess I will buy like a DVD a couple times a year, charge it, then pay it off right away.

Kioshi · 10-27-2009, 03:03 PM

AmyV - i always say no to retailers offering their card to me. What cards i have, i can use them to pay for what i am buying.

Yaris Hilton - i can understand where you are coming from. I have a WaMu Visa as a back-up credit card aside from Amex Blue student card....i think the more business type of accounts get charged the annual fee, but Blue by Amex doesn't have an annual fee..you should look into them..again.

Amex has treated me well since Sept 2005, now WaMu/Chase..not really.... :(

*tomato* · 10-27-2009, 03:05 PM

Amex used to charge an exhorbitant fee to merchants so that's why they don't take it. I don't know how much they charge these days.

yaris-me · 10-27-2009, 03:26 PM

Quote:

Originally Posted by Yaris Hilton

I dropped AMEX years ago because (1) there are relatively few merchants who accept it; and (2) the annual fees were a bit too much.

You should use the card that you like, but don't spread false information.

*tomato* · 10-27-2009, 03:34 PM

Quote:

Originally Posted by yaris-me

You should use the card that you like, but don't spread false information.

What do you mean? That's been my experience as well.
AMEX used to charge an annual fee in the past, and small businesses around here don't like AMEX either. where is the false information? He said "were"

yaris-me · 10-27-2009, 03:42 PM

Quote:

Originally Posted by tomato

What do you mean? That's been my experience as well.
AMEX used to charge an annual fee in the past, and small businesses around here don't like AMEX either. where is the false information? He said "were"

Relatively few merchants accept AmEx? Annual fees a bit too much?

*tomato* · 10-27-2009, 03:51 PM

You're just repeating yourself, but not adding any new info, so I can see you disagree with the statement but you're not saying why.

That's OK, everybody's entitled to their opinion

Kioshi · 10-27-2009, 04:09 PM

I kind of know what yaris-me is getting at, but not entirely...

I dont know how many retailers and stores in other states are accepting Amex..but i do know that I've seen an increase in stores now accepting Amex as of recent (this is based on me shopping at stores) in California.

kustom play · 10-27-2009, 04:28 PM

i just have 2 cards

one is a visa plat with a 2K limit (lol) and a master card with no limit (lol again)

i use to have a 20K limit on the master card, then I got a letter in the mail saying they upgraded me to unlimited so i dont have a limit

but it doesnt matter becasue my whole life since ive been 16, ive never had a balance on any of my cards. I pay them off every month

my visa I have my web hosting on 9.99 and the master card i use for everything else. I just use the card like cash, if i dont have the money in the bank then i shouldnt be using the card

I keep getting upgraded on my master card, i have all that cool stuff where i can call them and they get me tickets and everything else I need.

Im wating for somebody to offer me a Uranium card

I can see how people can get themself in trouble though, I was at toyota not to long ago and they told me i could qualify for anything on the lot including lexus

im like wtf i know i couldnt afford some of those cars, how can you JUST SAY i could?

2+2 · 10-27-2009, 04:54 PM

Quote:

Originally Posted by kustom play

and a master card with no limit (lol again)

You have a new best friend in Michigan. Feel free to stop by anytime.

Yaris Hilton · 10-27-2009, 11:01 PM

Quote:

Originally Posted by yaris-me

You should use the card that you like, but don't spread false information.

No false information. That's why I dropped it, as I said, years ago.

I mainly use a Discover card now, with a Visa backup.

10-27-2009, 07:41 AM	#19
BluYrs ヴィッツドライバー View User's Garage Drives: 2006 3d 1.0 Linea Sol Join Date: Aug 2007 Location: Tallinn, Estonia Posts: 433	Looking from across the pond, I have to wonder... If banks start charging more for credit cards (basically you using their money), wouldn't it make sense to switch your consumer behaviour around? So instead of going through your next paycheck by using a credit card, why not use the money you have from your last paycheck? You wouldn't have to cut back on spending- if anything you'd have a few extra bucks which would have gone to pay off the credit. Of course, this is based on the presumption that you don't spend more than you earn and that you have the ability to save a bit for unforeseeable expenses. Could it be that this presumption is not correct and that's why so many people have to resort to frequently using a credit card? I admit that this is a much wider topic and also involves differences in long-time consumer behaviour between the US and the EU, but I have to wonder if the credit card has become a basic necessity. Dammit, I got all Carrie Bradshaw there, sorry... __________________ The blue one

10-27-2009, 10:01 AM	#20
why? Only Happy When it Rains View User's Garage Drives: Yaris LB Join Date: Jan 2006 Location: harnett county NC Posts: 4,097	What we need to do is to adopt the common sense banking laws of England, and prolly some other countries, which make most of these fees illegal. Heck, my sister checked into getting a fancy bank of america acount in the states, one that allowed you to keep balances in dollars, pounds, and euros, and it would've cost her about $200 a month to have here, but in england, because of the laws, she can have it for free. __________________ Colin Chapman disciple

10-27-2009, 01:21 PM	#23
tomato Super Moderator View User's Garage Drives: Yaris 2DR LB 07, MT, Abs. Red Join Date: Feb 2009 Location: San Francisco Bay Area Posts: 5,155	Carrie Bradshaw's credit card bills are probably out of control. She always seem to be wearing new shoes and clothes yet she doesn't know where the next paycheck is coming from __________________ Follow Bamboo the YarisWorld Traveler here

10-27-2009, 01:29 PM	#24
TinyGiant Tiny Giant Clothing View User's Garage Drives: 2008 Blazing Blue Yaris 3D LB Join Date: Oct 2008 Location: Rochester, NH Posts: 3,394	its bad enough i gotta sit through skanks in the city when my wife watches it .. lol not on YW too!?! lol __________________ Sold the yaris... rocking an 89 vw cabriolet now :)

10-27-2009, 01:35 PM	#25
tomato Super Moderator View User's Garage Drives: Yaris 2DR LB 07, MT, Abs. Red Join Date: Feb 2009 Location: San Francisco Bay Area Posts: 5,155	Good point TG ;) __________________ Follow Bamboo the YarisWorld Traveler here

10-27-2009, 02:23 PM	#26
AmyV she was an American girl Drives: 2008 Yaris HB, 67 Fairlane 500 Join Date: Oct 2009 Location: Highland, CA Posts: 85	Haha, funny you guys are talking about all this. I have an excellent credit score. I got a Best Buy credit card last year so I could get a computer there (they offered me 18 months same as cash). Paid it off in about 8 months. Now, they just took changed my fixed interest rate and changed it to variable. This past month would have been 28% !!! Thank god I don't have a balance on the card! It pisses me off though. Can't cancel the card, but can't carry a balance either. I guess I will buy like a DVD a couple times a year, charge it, then pay it off right away.

10-27-2009, 03:03 PM	#27
Kioshi Heart Up! Vitz Drives: トヨタ Vitz Join Date: Jun 2007 Location: Fremont, CA Posts: 2,582	AmyV - i always say no to retailers offering their card to me. What cards i have, i can use them to pay for what i am buying. Yaris Hilton - i can understand where you are coming from. I have a WaMu Visa as a back-up credit card aside from Amex Blue student card....i think the more business type of accounts get charged the annual fee, but Blue by Amex doesn't have an annual fee..you should look into them..again. Amex has treated me well since Sept 2005, now WaMu/Chase..not really.... :(

10-27-2009, 03:05 PM	#28
tomato Super Moderator View User's Garage Drives: Yaris 2DR LB 07, MT, Abs. Red Join Date: Feb 2009 Location: San Francisco Bay Area Posts: 5,155	Amex used to charge an exhorbitant fee to merchants so that's why they don't take it. I don't know how much they charge these days. __________________ Follow Bamboo the YarisWorld Traveler here

10-27-2009, 03:51 PM	#32
tomato Super Moderator View User's Garage Drives: Yaris 2DR LB 07, MT, Abs. Red Join Date: Feb 2009 Location: San Francisco Bay Area Posts: 5,155	You're just repeating yourself, but not adding any new info, so I can see you disagree with the statement but you're not saying why. That's OK, everybody's entitled to their opinion __________________ Follow Bamboo the YarisWorld Traveler here

10-27-2009, 04:09 PM	#33
Kioshi Heart Up! Vitz Drives: トヨタ Vitz Join Date: Jun 2007 Location: Fremont, CA Posts: 2,582	I kind of know what yaris-me is getting at, but not entirely... I dont know how many retailers and stores in other states are accepting Amex..but i do know that I've seen an increase in stores now accepting Amex as of recent (this is based on me shopping at stores) in California.

10-27-2009, 04:28 PM	#34
kustom play pink wheels are cool View User's Garage Drives: 07 liftback Join Date: Oct 2008 Location: Phoenix Posts: 1,407	i just have 2 cards one is a visa plat with a 2K limit (lol) and a master card with no limit (lol again) i use to have a 20K limit on the master card, then I got a letter in the mail saying they upgraded me to unlimited so i dont have a limit but it doesnt matter becasue my whole life since ive been 16, ive never had a balance on any of my cards. I pay them off every month my visa I have my web hosting on 9.99 and the master card i use for everything else. I just use the card like cash, if i dont have the money in the bank then i shouldnt be using the card I keep getting upgraded on my master card, i have all that cool stuff where i can call them and they get me tickets and everything else I need. Im wating for somebody to offer me a Uranium card I can see how people can get themself in trouble though, I was at toyota not to long ago and they told me i could qualify for anything on the lot including lexus im like wtf i know i couldnt afford some of those cars, how can you JUST SAY i could? __________________ http://www.4055design.com

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