Credit card companies going crazy! WTF?!

[JBougie]

Originally Posted by tomato

Great post!

With respect, I must disagree on some points.

The BANKS are the ones pushing the credit on people who can't afford it to begin with. Yeah, people are greedy, they want everything immediately because they're like 2 y old who can't stand having to wait for something, I know, I know. But greed goes both ways and the banks are not blameless.

This poster above was saying he has *unlimited* credit on his Visa. Unlimitted? Really?!! Wow!!! Isn't that a little risky? Whatever happened to extending the kind of credit people can afford to pay back?!!

I'm especially upset at the concept that if some deadbeat skips town without paying their $10,000 debt at the mall, I, as a responsible consumer who pays my credit card bill off every month, have to pick up the pieces.

As to people not needing a credit card, it's not entirely true. A credit card is like that 5th tire you keep in the back of your car. Just in case. You never know, unexpected doctor bills, or you lost your job but have to bring food home while you're looking for another one, etc.

I fully agree. It is absolute crap. But, they don't have much of a choice - it's either go broke and not let anyone borrow anything or raise other things here and there to help continue the lending of monies.

And unlimited credit cards are ridiculous - they are absolutely asking for trouble when they hand those things out! I don't even want to know the damage I would do with an unlimited credit card ... lol ... they pray for people like me to get ahold of one, I'll be in debt and paying them off for the rest of my life!!