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Author Topic: Credit Cards  (Read 2564 times)

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Webby the Bear

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Re: Credit Cards
« Reply #15 on: 09 February 2011, 22:35:03 »
yeah but at least someone with a 150k mortgage will have something substantial to show for it :)

i dont have credit cards. however im currently clearing my overdraft which i swear i was born with!!!!! ;D ;D ;D ;D
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Vamps

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Re: Credit Cards
« Reply #16 on: 09 February 2011, 22:46:39 »
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yeah but at least someone with a 150k mortgage will have something substantial to show for it :)
i dont have credit cards. however im currently clearing my overdraft which i swear i was born with!!!!! ;D ;D ;D ;D

That rather depends on when he bought it......... :)
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Webby the Bear

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Re: Credit Cards
« Reply #17 on: 09 February 2011, 22:52:13 »
well in my mind not really.... it will fluctuate but once paid off its his to sell/make money on when prices pick up.

theres nay better investment than bricks 'n' mortor  :y
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Lazydocker

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Re: Credit Cards
« Reply #18 on: 09 February 2011, 22:54:49 »
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well in my mind not really.... it will fluctuate but once paid off its his to sell/make money on when prices pick up.

theres nay better investment than bricks 'n' mortor  :y

Not sure that people who bought at the highpoint of prices will agree completely there ::) ::)

We're lucky our house is still worth what it was when we bought it... Just about :y
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Vamps

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Re: Credit Cards
« Reply #19 on: 09 February 2011, 23:15:45 »
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well in my mind not really.... it will fluctuate but once paid off its his to sell/make money on when prices pick up.

theres nay better investment than bricks 'n' mortor  :y
[/highlight]

Agreed, in principle, I have a mortgage and my house is worth, even today significantly more than I owe, and even more if I get round to those little jobs that need doing... ::) ::) ::)
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Webby the Bear

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Re: Credit Cards
« Reply #20 on: 09 February 2011, 23:29:16 »
yep. it may go down but it will defo come back up  :D :D :D :D
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Vamps

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Re: Credit Cards
« Reply #21 on: 09 February 2011, 23:39:58 »
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yep. it may go down but it will defo come back up  :D :D :D :D

True..... :y
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mathewst

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Re: Credit Cards
« Reply #22 on: 10 February 2011, 09:02:30 »
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If you only pay, say, 2% of you outstanding balance each month as the minimum payment, they can screw you for thousands. I think the goverment made it 5% or similar
Guys I work in a bank and of all my colleagues (some 80 were working together) only one has a revolving credit card. Think I sais enough how "good" these cards for you are
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Kevin Wood

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Re: Credit Cards
« Reply #23 on: 10 February 2011, 09:32:26 »
Credit cards have considerable advantages if you play them right. You have considerable protection under the CCA when making purchases with a credit card compared with other payment methods. Don't use them as a means of borrowing money, though.

Reap them for their positive points and let some other sucker pay for it through their silly interest rates, I say.  ;)

Kevin
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I_want_an_Omega

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Re: Credit Cards
« Reply #24 on: 10 February 2011, 09:50:00 »
I've never put up a Poll on OOF before, but if its possible for the individual results to be hidden then it would be interesting to see what the range of credit card debt is within OOF members.

What do you think? If anyone else thinks it's a good idea can someone put one up?
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Shimmy

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Re: Credit Cards
« Reply #25 on: 10 February 2011, 10:24:45 »
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Credit cards have considerable advantages if you play them right. You have considerable protection under the CCA when making purchases with a credit card compared with other payment methods. Don't use them as a means of borrowing money, though.

Reap them for their positive points and let some other sucker pay for it through their silly interest rates, I say.  ;)

Kevin

Agreed, as long as used sensibly credit cards can be very useful indeed.
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Field Marshal Dr. Opti

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Re: Credit Cards
« Reply #26 on: 10 February 2011, 11:45:53 »
I have nine or ten and I use them all with the exception of American Express.
What a waste of plastic. I tried to pay for my petrol....(Sorry but we do not accept AE). I tried to book a hotel room....(Sorry but we do not accept AE). Shopping at the supermarket...(Sorry but we do not accept AE). Buying over the internet..(We accept all major credit cards EXCEPT AMERICAN EXPRESS..Doh....time and time again. Hopeless... :-/ :-/
« Last Edit: 10 February 2011, 17:34:00 by hotel21 »
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mathewst

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Re: Credit Cards
« Reply #27 on: 10 February 2011, 13:08:22 »
Funny what you said about AE.
Here it is one of the best cards, and usually the only one with which you can buy something while being credited for a year without the interest.
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jaykay

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Re: Credit Cards
« Reply #28 on: 10 February 2011, 17:22:14 »
Managed wisely...brilliant but pay off in full and avoid paying the interest as it can mount up very quickly.
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r1

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Re: Credit Cards
« Reply #29 on: 10 February 2011, 19:10:16 »
in the past ive made hundreds on credit cards :y :y
borrowed on 0% and invested it for the 0% time then paid it back and then repeat with the next card.
sadly  you cant to it with todays rates.
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