Comments on: How To Be A Horrible Credit Card Customer

By: fwisp.com

fwisp.com — Wed, 29 Jul 2009 12:06:35 +0000

How To Be A Horrible Credit Card Customer — Broke Grad Student…

There aren’t very many areas of life where you get rewarded for being bad. In fact, most of us learn at a very young age that bad behavior has its consequences — getting a spanking, having to sit inside during recess, getting after-school detention. As…

By: car phi

car phi — Wed, 29 Jul 2009 00:59:02 +0000

Credit card companies have recently been trying to raise rates and levy fees for everything since the credit card consumer protection legislation will be enacted soon.

By: brooklyn money

brooklyn money — Thu, 23 Jul 2009 20:07:22 +0000

Even better is credit card arbitrage. When you leverage those o% percent balance transfer or new purchase offers. I almost max out the card and carry the balance until it’s time to pay it off. Meanwhile I earn 2% on the balance and then keep the money in my checking account to earn 4% on it. The return isn’t huge and it will ding your credit score a little cause of the high balance, but it’s so nice to make money off of spending.

By: Jerry

Jerry — Fri, 17 Jul 2009 17:48:58 +0000

I LOVE sticking it to the credit card companies. They try so many sneaky things to try to lead you to carry a balance that it is a delight to give them a little jab in the financial ribs is just a kick in the pants. I would even use a card for something random, like my car insurance bill or something, just to pay it off in cash immediately and get the “points.”
Jerry

By: Roger

Roger — Fri, 17 Jul 2009 02:06:52 +0000

Ah, yes, I love being able to use my credit cards, get all the rewards they offer, and yet not pay any interest or penalties on the money that I borrow; it makes me very happy. Definitely a good, good time.

@David: There are some places that will either refuse to use credit cards, or charge you more if you use credit than using cash. You just have to watch out for those places, and use cash instead.