Current Events > Credit Cards don't want you to pay it off....

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Joeydollaz
07/06/20 5:36:57 PM
#1:


Just when you get close.......HEY here is 500 more credit increase accept just pay 10 bucks.

That Interest hustle

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Kojima will be crawling on his knees back to Konami, give it a few years.
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R1masher
07/06/20 5:38:33 PM
#2:


Sweet, they cant collect when I charge the the farm

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#3
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creativeme
07/06/20 5:42:18 PM
#4:


that's where they get their money from. mine have never charged me to increase my credit. other than the first time i asked for an increase from like $500 to $1500 and i think they just gave me $5000 instead. but i never asked for another increase on any card but i did get random emails from them saying they increased my credit so i don't even know what my limit on my cards are. i pay them off the end of the month and never buy stuff unless i have more than enough to pay it off.
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MC_BatCommander
07/06/20 5:43:09 PM
#5:


Well yeah that's how they make money. That said no CC will ever make a dime off of me so they can suck it

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cuttin_in_farm
07/06/20 5:43:59 PM
#6:


MC_BatCommander posted...
Well yeah that's how they make money. That said no CC will ever make a dime off of me so they can suck it

They make money everytime you swipe.

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A show of kindness may not do much help, but a show of cruelty may do much harm.
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Trigg3rH4ppy
07/06/20 5:45:06 PM
#7:


I'm trying to figure out how the fuck I'm ever gonna pay mine off. I have no debt except credit card debt because I used my card after I bought my house to fix stuff up. I currently owe $10,000 and I can basically afford to pay the interest every month and that's it. I dont use the card anymore but I've been stuck around $9,700 every month for like 6 months.

I just joined my states credit union PSECU since I'm a state employee so I was thinking about maybe just getting a loan through them and only pay 6% instead of like 24% interest. Anyone got better ideas? Not using home equity because the house was basically an inheritance.

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~A little nonsense, now and then, is relished by the wisest men ~
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MC_BatCommander
07/06/20 5:46:50 PM
#8:


cuttin_in_farm posted...
They make money everytime you swipe.

It's not my money so idgaf

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Joeydollaz
07/06/20 5:47:21 PM
#9:


Trigg3rH4ppy posted...
I'm trying to figure out how the fuck I'm ever gonna pay mine off. I have no debt except credit card debt because I used my card after I bought my house to fix stuff up. I currently owe $10,000 and I can basically afford to pay the interest every month and that's it. I dont use the card anymore but I've been stuck around $9,700 every month for like 6 months.

I just joined my states credit union PSECU since I'm a state employee so I was thinking about maybe just getting a loan through them and only pay 6% instead of like 24% interest. Anyone got better ideas? Not using home equity because the house was basically an inheritance.

You need to take a Loan of 15,000 OR MORE. if you really are out to pay them off....

MARCUS Goldmans Sachs actually provide that idea, they give you the Loan...you pay them 200-400 bucks a month or so

https://www.marcus.com/us/en/personal-loans/types-of-loans

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mustachedmystic
07/06/20 5:49:06 PM
#10:


cuttin_in_farm posted...
They make money everytime you swipe.

They get a tiny percentage of every purchase, true, but they make their real money off the interest on peoples balances.

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Maybe she died to show us to stay the hell away from dynamite. - Jack Lost
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Joeydollaz
07/06/20 5:50:58 PM
#11:


mustachedmystic posted...
They get a tiny percentage of every purchase, true, but they make their real money off the interest on peoples balances.

Yup, interest charges are THE key revenue if you look at the Statement

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Kojima will be crawling on his knees back to Konami, give it a few years.
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Solid Snake07
07/06/20 5:53:15 PM
#12:


Huh? Like they're offering to increase your credit limit if you pay them?

Never experianced this. Or maybe I have, I usually ignore credit card companies unless I need something from them.

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