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What's with debit cards? I seriously do not understand.

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What's with debit cards?

I seriously do not understand.

Credit cards are significant better than having a debit card.

Credit cards:
Raise your credit
Provide you rewards
Not responsible for fraudulent charges..do not drain your bank account

When I see someone using a debit card I think 3 things:
1) Too stupid to get one
2) Too stupid to manage money on credit
3) Shit credit

Am I wrong /biz/?
>>
>>1176477
>paying into the credit scam
>paying more money than money is worth in order to get a loan
>a loan is nothing more than paying even MORE money than something is worth just because you do not have it
We call the real method "savings."
>>
>>1176483
>Poorfag detected

You can earn better returns than the interest rate of many loans, therefore making it free money.
>>
>>1176477
I don't know dude, I think instead of paying interest, if you got the money, why not just use it and save more? There could be credit rewards but never anything substantial
>>
I saw my one friend was using a debit card and asked him why did it, he just blurted out that all credit cards are evil and make people poor.


I explained the benefits you listed OP and getting to use money interest free for about 25 days and I don't think he understood what I was saying. So it's probably ignorance.
>>
>>1176477
credits? this ain't star wars m8
>>
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>>1176488
>Paying interest on credit cards
If you can't pay in full your credit card bill at the end of the month, then you are spending someone else's money.
>>
>>1176477
I only have one to withdraw from an ATM. They are pretty much useless.
>>
>>1176501
That must be hell for you.
>>
>>1176505
How? I have 5 credit cards which are superior in every way except for withdrawing cash.
>>
>>1176499
This.
How is anyone ever in credit card debt unless disaster hit.
'OMG I owe sooo much'
Y
'I bought all these shoes!'
>>
I haven't used my debit card in almost a decade now.

The only reason they still exist is because of retards and niggers.

I had a friend with benefits years ago that only used a debit card because she couldn't even get the most basic of credit cards

She would literally spend all of her money as soon as she got every check from work. I had to buy her groceries a few times. I felt bad for her and she played the flute like she was at Carnegie hall.

I could only imagine what would happen if she had a credit card.
>>
debit cards are near useless nowdays. most come with a $1000 daily spending limit. I only keep enough in the bank to cover that. anything more is pointless
>>
>>1176519
Lol I got a $100 spending limit on my debit card and a $25 withdrawal from ATM's lmao.

Never use it so who cares
>>
>>1176533
Can't use your own money at the rate you want.
Locked down and owned.
Happy little slaves we are.
>>
>>1176535
edgy.

just buy a safe
>>
>>1176535
Huh?

I don't need to. I use my credit card instead for convenience and EMT.

For what purpose would I ever need to withdraw money or pay with debit????

If I want cash I can just use my credit card and get cash back at a store with no fees and much easier.
>>
>>1176538
Well done.
Just a sad thing that banks set rules on money withdrawals and usage.
>>
>>1176541
it seems like they are only hurting themselves. i cant imagine anyone is keeping more money in their accounts than the withdrawl limit plus bills
>>
>>1176483
>>1176488

top kek. What does using a credit card have anything to do with savings?

How old are you kids? There is no interest on credit cards if you pay off your balance at the end of the month. I get paid to use my credit card in the place of my debit card, I rack up frequent flier miles, and it builds my credit.

You're an idiot if you use your credit card for shit that you cannot afford.
>>
>>1176541
Eh, I consider it a security feature.

Minimizes damage I guess.

It's really an outdated idea.

EMT = instant, no fees, can send ANY damn amount

Credit card = accepted everywhere, nice to use, safe

Where does debit or ATM withdrawls fit in? No purpose.
>>
cause when you get a debit card you can just spend with it and when you rack up a debt of money and cant pay it back they can just take back the card and write it off and take back the debt or money
>>
What credit cards can I get with a credit score of 620? I'm 19 and just starting out.
>>
>>1176557
What will prob restrict you is your credit limit.

Start off with a Visa or Mastercard with your bank. Build credit.

When you punch through 700, get an AMEX for places that accept it.
>>
>>1176477
Eh, I don't use one. I know I should/need to start, but I can't be assed.

I have a 450 credit score. I never repaid any of my student loans ($10,000), have an unpaid medical bill, and a cable bill from an old lease I only paid once.

I make good money now (Around $120,000), but my spending outpaces any credit card I could possibly get. Most have a $250 limit. I can't run my bills through that, so I just use my debit card. It's financially illiterate, but it's what I'm doing for the time being.
>>
>>1176477

It's one less thing to do. The money comes out of my account instantly, and I can look online to see what I have spent.

With credit I get a bill which I have to sit down and pay via check or bank transaction.

And I don't need the credit I have plenty of money.

So......
>>
>>1176564
You can have your bill be paid automatically from a bank account.
>>
Debit card:
>don't live in a shitty country where credit scores are relevant
>don't be in debt
>not responsible for fraudulent charges
>>
>>1176567
>Don't live in a shitty country

But.. In every English speaking first world country Credit matters...
>>
>>1176570
Here in the Netherlands credit cards are near extinct.
People don't like the idea of giving off their credit card number to strangers. And the entire financial infrastructure is based around debit cards.
Including online payments, which are done through a direct money transfer system requiring a random number generator, that can scan the transaction code on screen, after which you need to enter your card and enter your passcode. And then you enter the generated number at the webstore.
>>
Who Discover here?

>tfw 5% cash back on gas purchases the last 3 months and now 5% cash back on restaurants and movies for the next 3 months

Literally free money. Great customer service too. If you buy something and the store is fucking with you and won't get a refund they will drop it from your account and deal with them personally. I love Discover.

I have a debit card for cash because I go to the casino a lot and need to hit up the ATM frequently. Yes I know going to a casino is dumber than using a debit card but we all have our vices.
>>
>>1176485
>You can earn better returns than the interest rate of many loans
citation needed

>>1176570
>But.. In every English speaking first world country Credit matters...
In many places you just have to prove you'll be reasonably able to pay a loan, to get one. Not "earn the right to ask for a loan" by using a credit card.
>>
>>1176580
>gas
Wow, I saved $2.
>restaurants and movies
Literally never go to either.
Fucking Discover jews, bring back 5% on Amazon already.
>>
>>1176586
I travel a lot for work so I get the most rewards during these periods.

I think they cycle the same categories though so Amazon will probably be back.
>>
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>>1176578
Not sure why we even need these things when we have mobile phones.

Some banks here are now testing payments (in real stores) with mobile phones. That the cashier can initiate a payment and you have to click on accept on your phone.
>>
>>1176557
>>1176559
So i just applied for a credit card through my bank and I'm pretty sure I got declined. This is like the third time I've been declined for a card. Should I consider a secured card?
>>
In Belgium we rarely use them.
>>
>>1176609
Credit cards are also more expensive for shopkeepers than debit cards. Not sure what it costs in the US.
>>
>>1176561
??? You can get a charge card with almost no limit since you make so much every year.
>>
>>1176617
Yeah they're pretty expensive to storeowners. Most good cards give at least 1% back to their customers so this gets passed on to the store along with more to process the transaction sometimes it is up to like 5%.

Still most people are forced to take them or lose business. Pretty much everyone takes Discover and American Express now.
>>
I view debit cards the same way I get cash. It's good to help you budget yourself and I also don't have to worry about carrying cash on me and have the chance of getting stolen and have no chance of getting it back. If my debit card gets stolen, I can act as quickly as I can to cancel and still save my cash

But I never carry cash or use debit cards anyways, but that's what people usually say to justify using them.
>>
The only good debit card out there is Charles Scwhab


>no international transaction fees
>reimburse ATM fees domestically and internationally
>International purchases go by the daily currency rate
>great customer service
>requires no stupid $1 or $5 deposit to open a checkings or savings


literally the best bank to travel with. Otherwise, I only use credit just like you
>>
>>1176585
What citation bro?

If I can finance a car at 0% for 2 years, why wouldn't I take it? I can certainly earn over 0% in those years.

Free money. Shit like that I mean. Obviously high interest loans for shit that won't earn yiy money is retarded.
>>
>>1176629
*Schwab
>>
Put all my bills on autopay with cash back credit card. Just one bill to pay each month and rack up cash back on mundane shit like utility bills, groceries, gas, and insurance.

Yeah its dumb to get paid to do something that is more convenient.
>>
>>1176620
No, you can't. I've tried. It's an insta decline each time. I need to get a secured card, but I don't feel like tying up $5,000 to get a useful card.

Got one with a $500 limit. It was just a pain in the ass more than anything.
>>
>>1176603

seems so primitive
>>
>>1176657
how do you make 120k without 5k to spare?
>>
also, anyone know any cards with $0 annual fees for someone with a 660 credit score? i have the capital one platinum are there any others?
>>
>>1176477
I look at debit cards as a preliminary to credit cards. For teens just beginning to use plastic as a means of payment.
>>
>>1176694
I'd rather not use the $5,000 to get a crap secured card. It's better served being invested or spent in my mind than it is just sitting there as collateral.
>>
just pay in cash dawg

physical monetary currency my nigga
>>
>>1176727
its not sitting there, its fixing your credit
>>
>>1176561

how did someone as dumb as you get a job that pays $120K?
>>
>>1176740
It's a fair point. I know I need to fix my credit; but it's not really up there on my list of things to do. I'm somewhat of a jackass in that regard.

>>1176796
You have no idea how smart or stupid I am; you just know I have a crappy credit score. And it's sales, so anyone can get the job more or less. Whether they make money or not is another matter entirely.
>>
>>1176477
I use it when I'm at the atm. That's literally it. Credit cards are amazing as short term loan vehicles (i.e. <30 day loan period) and an easy method to limit theft losses if you know how to use them.

Way easier and less time consuming to report a credit card stolen and prevent transaction processing than attempt to recover a fraudulent transaction that's perpetrated on your debit card. Even if you obviously aren't responsible for the debit card transactions, it can still take weeks to process the cancellation and get your funds back.
>>
as a college kid with a huge pile of money in the bank i earned from writing essays I use debit. While credit cards may give me benefits I doubt I could go anywhere from purchasing eggs and bread. Besides mom and dad earn a thousand more points and give them to me if I needed them.
>>
>>1176796
dude my dad majored in sociology and now has stocks that are worth a million dollars. Anyone in business can get rich if they get good, intelligence doesn't make money
>>
>>1176578
You do realize a credit card is better for security purposes, right? Once a debit transaction posts, your money is gone. Bye bye. Sure, someone's you can recover it, but reversing a debit transaction is a hassle because that money that was fraudulently spent under your name is no longer in your account, at least until the fraud claim goes through. With a credit card, you call them up, say "my card was stolen, I didn't buy [xyz], they ask you a few questions, reverse the charge, and mail you a new card, and the liquidity of your personal account is never affected.

Credit cards are the best personal transaction risk management tool, aside from potentially using a fully tokenized transaction service like Apple pay or Android pay our equivalent.
>>
I'm 21 with a ~650 real men just don't need credit cards when you reap your whole paycheck to myself and not some slut or kids
>>
>>1176853
Get a starter credit card asap, pay it off every month. You'll thank me when you're able to get an unsecured car loan without a co-signer at 23 because you have 5 years of credit history.
>>
>>1176865
Why would anyone buy a car they can't afford and resort to a loan? That's retarded.
>>
>>1176919
Financing rates are at historic lows (in the US, anyway). I bought a brand new Toyota in 2014, got quite literally 0% financing. That's free money. With a loan rate like that I'd have to be retarded to wreck my liquidity by blowing all my cash on a car.

Come on guys, I thought this was /biz/. Aren't we supposed to have at least a basic understanding of how financing can work in our favor? Fucking christ.
>>
>>1176938
You shouldn't be buying a new Toyota at all unless you are a millionaire or something.
>>
warren buffet says the best credit score is zero.

Pay for things with the money you have. Stop being a credit cuck and learn how to manage your fucking money. Stop falling for credit card memes it's sad at this point.
>>
>>1176938
>buying a car is "free money"
>>
>>1176570
In australia, the only credit ratings that affect loan power are negative ones. Someone with no credit history, but can prove income and such, can borrow as much as anyone. I would guess that less than half the population owns or uses credit cards.
You probably assume because it's a big deal in America it must be everywhere else, but it's not.
>>
>>1176696

I got the a chase Freedom with 680. Raised my credit limit from $800 to $3k. Now my FICO score is 720. Took almost 2 years.
>>
>>1176938
You are buying things you can't afford and probably don't even need just because the interest rate on it is low.

This whole thread is reading as some giant troll. Please tell me it is.
>>
>>1176477
Lower fees.
>>
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>>1176497
>>
Why the fuck do americans need to apply to get a credit card?
What the fuck are those benefits that are so great?
>>
>>1177098
Who said anything about buying stuff he couldn't afford. If he has 30k in cash to buy a car, but can get 0%APR on that car, it wouldn't make send to spend all of his cash to buy the car when he can just finance it.
And it appears that people in this thread who are opposed to credit cards don't understand that all the people advocating them here don't carry a balance between statements.
>>
>>1176477
>Provide you rewards
lol

There's no such thing as a free lunch.

Maybe, just maybe, all /biz/ posters are clever enough to manage their money on credit and beat the banks at their own game.

but the majority of people are indeed
>2) Too stupid to manage money on credit

And so when I see somebody with a credit card, I assume they are such a stupid person.

Most people with CCs are spending money they don't have and living paycheck to paycheck.
>>
>paying interest when you dont have too
>"rewards."
Good goy
>>
>>1177073
That sounds like shit. Not only are bank lians shit tier for leveraging, but its only 3 grand
>>
>>1176938
Let me guess, you are paying over 20 grand for the car.
>>
>>1177197
You do realize there's no interest when you pay the balance in full each billing period, right?
>>
>>1176485
>free money
If it was that easy everyone would be doing it.
>>
Alright, explain to me why the fuck would I need a credit card if:

1) I live in a third world country;

2) I buy everything locally in cash;

3) I get cash via other means.

I just need the debit card to tie to online accounts and have funds transferred to my bank accounts, that is it. I NEVER take the money out of bank accounts unless it is via wire transfer and there is no way to pay in cash.

Why the hell would I need a credit card for?
>>
>>1177365
1. Get a credit card which gives you rewards (eg. 1% cash back)
2. Use credit card to pay for everything
3. Pay card off at the end of the month
4. Pay 99% of the price of everything you buy for the rest of your life
5. ???
6. Profit
>>
>>1177190
>free lunch
Data mining is a huge biz now, it's all in the fine print. Debit card transaction info is not for sale. CC is for sale and is sold.
Of course a certain percentage fail to pay off every month and get raped hard. 30% interest is obscene but nothing compared to the payday loan racket.
>>
>>1177389
does your 1% card have an annual fee?

im getting offers for 1% cash back cards but they have an $8 monthly fee. is the fee always there to offset the cash back or are there $0 anually fee cards?
>>
>>1177389

That's it? You're making a big fuss over that?
>>
>>1177403
Which means you have to buy atleast 801USD products a month to make it profitable.
>>
>>1176853
Do you write the essays of your schoolmates? Or do you get your work from someplace else?
>>
>>1177426
yes exactly. its only groceries and gas, so I could get close, probably end up paying $2/month. just wondering if all cash back cards have fees?
>>
>>1176959
Have you heard of leverage? You retard.
>>
>>1176477
It's pretty simple family.

I don't see the need to add headache to my life but adding another bill to my monthly issues that if I'm even slightly late on, they get mad and charge interest even if it was their fault. Then I have to convince them to fuck off.

Whereas with a debit card, I'll never spend more than I have and I have no bills to pay each month just because I spent money.

I only use credit cards for business. Debit is superior for everything else.
>>
>earning "rewards" which will amount to chump change over your life span

Good job on getting 2 cents back for every dollar you spend everyone!
>>
>>1177403
Just spend $900/month on dragon dildos and that crisp $1 profit is all fucking yours, baby!
>>
>>1177148
2% cash back is pretty nice, m8.
>>
>>1177190
>Maybe, just maybe, all /biz/ posters are clever enough to manage their money on credit and beat the banks at their own game.

>Paying your credit card bill on time is "clever" now.

Wew lads.
>>
use debit cards if your not a dipshit. don't carry around cash on you like a faggot.
brb got robbed
brb high interest rate credit cards
brb gave me the wrong amount of change back.
brb reward points lmao yeah right.
brb cancel my debit card any time if it gets lost or stolen.
unless your putting like 10k/ mo on a credit card with rewards it's dumb.
>>
Weird, I must be doing something wrong. I avoid credit cards, because they make my credit sink. I spend about $4k a month, and my credit card only has a $2500 limit, so I'm always at a 100%. Tried the whole "Spend daily, pay it off daily", but that's so manual (and idk why nobody has automated this yet). Any advice?
>>
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>>1176477
you forget fear. They fear the light.
>>
>>1177464
kill urself m8
>>
>>1176477
You're not wrong.

There are a bunch of uneducated chucklefucks that have been spoonfed the notion that credit cards are evil and without understanding why.

I have a friend that uses debit only and talks about how much money he makes while complaining about overdraft fees every week.
>>
>>1177461
>brb high interest rate credit cards
Why are you not paying your credit card bills off on time?

>Unless you're putting 10k/mo on a credit card with rewards it's dumb
Even if you just put 500 a month on a credit card, you're getting back $120 a year on a card with 2% rewards. No, it isn't much, but it's literally free money and there's no reason not to take it if it's offered.
>>
>>1177428
I don't do it for school mates, I just wrote scholarships and always win them because of the volunteer work I do for them, also because I'm decent at writing and not a lot of people compete for a 500 dollar prize
>>
>>1177480
>wrote scholarships
This is a very strange term. I'm assuming it's something very American. Do you mean you write essays and turn them in for scholarships?

How do you have a "big stack of money" writing for $500 prizes? Out of curiosity, how much have you made in your endeavors?
>>
>>1176477
I have 2 credit cards but I never use them. My credit is great and I don't like paying bills.

OP, your just an autistic faggot too concerned with what other people are doing. You'd probably find more people like yourself over at /r9k/.
>>
>>1177488
Yeah, I think he means he wrote to the people giving the scholarships.
>>
>>1177491
>doesn't know the difference between you're and your
>calling others autistic

whatever you say m8 lmao
>>
>>1177491
>I don't like paying bills
I guess that's fine, but often you can put multiple utilities on the same credit card, paying automatically, and only have to deal with the credit card bill.

They can actually work in favor of your hatred of bills.
>>
All these fucking dullards and poors using debit cards lmao. I got my first credit card at 21. Spent within my means, paid off entire balance at the end of every month. Flash forward three years and my FICO is 770. Applied for a second card with AMEX but was lazy with providing proof of identity on my application because I was busy with work for a couple weeks. They bent over fucking BACKWARDS to get me set up with their gold card and now my revolving credit total jumped from 3k to 13k. This now allows me to build history with a second institution while dropping my % utilisation to fucking nothing. 800 FICO here we come.
>>
As other people have mentioned in civilized countries building credit scores doesn't mean shit.
Also credit cards wouldn't be offered unless at least some people got stuck paying the insane interest on them. The rewards points are just a carrot to lure in suckers. People tend to spend more money when using payment methods other than cash. This alone could easily offset your piddling 1% cash back.
>>
>>1177541
So you're bad with money. That's fine. But please understand that for those of us who can actually spend within our means, we're literally getting free money for using credit cards.

Why would I give a fuck about how idiots like you are incapable of using credit cards responsibly? I know i can.
>>
>>1177529
can someone explain me this FICO thing? Website or something
>>
>>1177355
>>>1176485 (You)
>>free money
>If it was that easy everyone would be doing it.

They are.
>>
>>1177572
Frankly I just hope that as many people as possible take out credit cards and abuse the fuck out of them. The more money they owe the credit card companies, the better the rewards are for people who use them responsibly.
>>
>>1177574
True desu
>>
>>1177452
>Good job on getting 2 cents back for every dollar you spend everyone!

If you get 2% cashback and spend $2000/month on the card. That's $500 in cashback a year.

Certainly not insanely good, or something to write home about but considering it's free money you wouldn't have gotten via other payment methods it's definitely worth it.
>>
>>1177541
The US, UK and Canada aren't civilized countries?

That's odd. I'd have thought the strongest economy and biggest GDP meant something.
>>
>>1177580
Who the fuck spends 2000 a month
>>
>>1177588
If I spend 2000 a month I'll sure know how to save 50 bucks on something every month, and that won't be on fucking credit cards
>>
>>1177588
>>>1177580 (You)
>Who the fuck spends 2000 a month

Average adult with a fulltime job.

>>1177590
It's additional savings. How are you this stupid?

IT'S FREE MONEY. Literally. As in, no downsides.

It's more convenient, accepted everywhere, safer. Why the fuck would you NOT?

>Hurrrr drrr I'm too rich for these $20-50 savings! I'm just going to not take them and pay more!
>>
>>1177580
Even if you avoid paying interest, there are yearly fees and the % that some places charge up for using a credit card, and other charges associated with credit cards

It's a negligible amount of money overall. It's definitely no reason to be a smug piece of shit on an anime image board like some people itt are
>>
>>1177600
Many have no fees. And some do but they offer additional rewards which make up for fees.

What other charges for using a credit card? I've never seen a single one. Other then buying shit <$5 tho

I don't see how a 2% discount(or other perks like travel miles) are negligible.

If you found a dollar bill on the ground you wouldn't pick it up?
>>
>>1177405
No that's not it, that was an example.

My card gives me points to redeem for free groceries, so about once a year I acquire $200 for a month of free groceries. My other card gives me points that I get a free movie ticket about once a month. Is it insane? No. Is it better than nothing? Absolutely.

Enjoy your nothing, though.
>>
>>1177470
>free money

lol no faggot. That's what you retards don't get. Nothing is free. You pay for it every time you buy something. Credit card companies charge every you buy from a percentage fee of whatever you buy which in turn raises the prices of everything you buy by at least that much percentage.

Credit Cards served their purpose a while back. Now they just cost the population money while racking up billions for the owners of the credit card companies.
>>
>>1177613
>Credit card companies charge every you buy from a percentage fee of whatever you buy which in turn raises the prices of everything you buy by at least that much percentage.
Holy shit you are retarded
>>
>>1177622
holy shit youre retarded

credit card companies do charge per transaction from the merchant accepting the credit card. the merchant in turn marks up product prices to offset amount due to creditors.
>>
>>1177565
There's a really good website that explains terms you see in the financial works really well.

Here, let me link you to it:
http://www.google.com
>>
>>1177629
And u think by you individually ignoring free money it'll drop prices back down?

That would only work if EVERYONE did it
>>
>>1177629
Yeah, that's the way the world works, idiot. What's going to save me more money, using my cards for the rewards or cutting up my cards so the businesses I shop at mark their prices down 0.0000001% because one person stopped using the credit machine?

You realize that Interac also charges for their debit services? Probably even more than visa does.
>>
>>1177637
Interac is like $2.50 for the sender only. No fee for merchant.

>He thinks they'll drop prices at all if he cuts up his credit cards

Please be trolling. Do you actually think they'll fucking notice? Businesses don't give a fuck, they charge as much as they can get away with
>>
>>1177637
O u were being sarcastic, just notices comment chain nvm
>>
>>1177400
>Debit card transaction info is not for sale.
since when?
this is why i hated credit at first but changed my mind
my debit card still says VISA on it
i didnt see anywhere that they werent tracking my shit
>>
>>1177613
Even if this is true, that my using a credit card causes me to personally spend more, it's approximately a miniscule fraction of a penny.

So in other words, I'm paying a fraction of a penny in order to receive hundreds of dollars back.

You're literally trying to sit here and tell me that I shouldn't take the hundreds of dollars because that fraction of a penny is too steep. Do you have any idea how stupid that sounds?
>>
>>1177647
>Interac fee is like $2.50 for the sender only
And yet people are still shilling debit in here.

>he actually thinks I was serious about the mark down
I chose a number like 0.000001% for a reason, junior. It was sarcasm.

>Businesses don't give a fuck, they charge as much as they can get away with
Exactly. So the only people who are suffering from the mark up due to visa fees are the people who don't use visa (or whatever company) for their money back in rewards.
>>
>>1177565
This is your grownup report card.
Its an inferential statistical model.
Pretty easy to max score once you understand how to math the regressions.

Easiest to max out is Types of Credit.
at least 1 each: Charge Card, Installment loan & Credit card

Length of Credit History 84 complete payment periods. 7 years.
If you're under 25 the fastest way to get this is to become an authorized User on someone's card. Ideally with high limits, and obviously no missed payments. You can look like your 80 year old grandma w/ a card older than you w/ no missed payments and never had a balance.

New Credit-This is like golf lower is better. It is scored with inquiries. 0 hard inquiries is best. Inquiries drop after 24 months.

Payment History, 24 months of on time payments for max score.

Amounts owed- This has a counterintuitive trick. One and only one card needs a 1% balance. Everything except one Card should have a 0 balance

Installment loans are trickier to score, but they have a few critical inflection points in the regression. 50% balance, 30% balance, 10% balance and 1% balance.
also they require 6 months to positively affect your score.

These are pretty simple technical fundamentals.

Strategy is the key to optimization here.
http://dropcanvas.com/zpf5p
Plz read the credit secrets bible above
creditboards.com for access to the creditpulls database

3 Scoring agencies. Experian Equifax and Transunion

The strategy ultimately is to have what is known as a thickfile. When someone prints your credit report you want a literal book with thousands of accounts saying PAID AS AGREED.

Second point is you want to be in the fastlane, not the regular lane. You do this by having exclusively premium lenders on your books. like AMEX not a poor person w/ Capital 1

Apply for as much credit every 2 years when 0 inquiries. Creditors typically use one score so that's about 3-5 apps per agency. 2 per company. Then call every 30 days for limit increase using soft inquiries only.
>>
>>1177690
whew, these gringos
>>
>>1177604
I have and use credit cards often.

But I don't feel the need to rub it in other people's faces that I picked up a dollar bill on the street
>>
>>1177651
That may be a recent innovation. VISA is not your bank, not bound by the EULA you signed with your bank. Then again, most banks maybe sell all info now, who knows. I opt out of datamining when I can just on principle. EULA's are getting right fucking hairy, with "share info with our third party partners" pretty much all info is for sale.
>>
>>1177690
Are

You

Chinese?
>>
>>1177718
my bank and credit union both share data with partners, you cant get around it anymore if you want your money federally insured

i dont know of any debit card that isnt a visa or mastercard so either you get mined and have nothing to show for it or you get cashback and 0% apr and an unsecured line of credit
>>
>>1177690

What if you have some accounts that went into collections? I paid them off in full years ago. Am I just screwed for life? Back then I was making minimum wage, was retarded, and my parents aren't good with money. Now I've got degrees, work in the tech sector, and am rolling in the dough. What now?
>>
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>>1177950
There are solutions

First things first Go on CreditSesame.com and CreditKarma.com and get your free Fako scores. to see where you're at today.

Authorized User status is literally God tier for this. Do you know anyone with an old credit card or Charge Card?
>>
>no credit score, no credit history
>think fuck it why not, apply for card online
denied
>well ok but how about my bank, who i have a bunch of savings with
denied
>alright, weird, but how about if i have a cosigner with great credit
DENIED

what the fuck is going on guys
>>
You did it backwards dumbass, and applied for premium cards before entry level cards.
As you applied your inquiries count went up and your application became less and less good.

Or you were an idiot and put something stupid on the Assets/obligations section.


How long ago was this? Did you do the apps all in one day?
What is your score today?
What did you put as your income/employment/rent etc...
>>
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God tier
Private Credit offerings not involving FICO Black cards and the like
Demi-God Tier
Years of Loyalty and Heavy assets, special bank cards
Based Tier
Metal and Carbon Cards, Amex Platinum, Chase Sapphire, Citi Prestige
Bretty Good tier
Gold Amex, Citi Double cash, loyalty cards for certain hotels
Good tier
0 interest cards, High Rewards Cards, Bank cards, Freedom, Amex Blue/Errday
Okay
Credit Unions, Discover
Better than nothing
Cap1, Walmart Store Card, secured cards, student cards, "Building Credit" Cards
Worse than nothing
First Premium, Bank of Omaha, cards with purchase fees, cards with no grace period,
>>
>>1177613
Dude you're the fucking retard. Any responsible adult who pays there statement fully each month has zero reasons not to use a credit card.
>>
>>1178109
i applied one at a time as i got declined
i still have no score and only have a few hard pulls on my history
no rent income $75k
>>
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>>1178219
When you get the rejection letters call the number and ask to have a manual review.
Ask them if there is a better product you do qualify for if they say no. Ask if they can get you more than one products with the one inquiry b/c you want to establish a relationship.

then the person you asked to cosign have them call and set you up as an authorized User on their oldest card.
wait till that shows on your reports. See if that's put you above 720. If so apply for new cards and call all your current ones to raise the limits lower the apr's etc...

If that doesn't work. You'll have to do the Secured card route. Check all the credit union and local bank offerings for the largest Balance They'll offer you 5k+ is around where you'll want it for later fast tracking.

Then you wait until you have 0 inquiries and have maintained the 1% balance on 1 card for 3-4 months and apply again. This time till they say no.

Also You're gonna want to say you pay some rent unless you own the house outright. b/c why would you be living w/ your parents and if you were you'd be a statistical degenerate fedoralord.
Also make sure to put a little bit extra income in the extra income columns always b/c you're a hustler.
Management is goat tier career for applications btw. most flexible income limits.
Don't ever put self employed.
>>
>>1178262
i will do this thanks
i didnt want to fuck around with a secured card and if that was my only choice i just wouldnt bother
i guess im a statistical degenerate fedoralord then
>>
If its to the point where secured is your only remaining option take it. It's basically a savings account for a year till they upgrade your ass. but b/c you got to dictate your credit limit not the statistics you can get mad newb gains.

Most people start with a shitty 200$ card and after 2 years it goes to 1k You started with 5k and that's something that most people won't even see in their lifetime you are automatically fasttracked for purchasing POWER gains
>>
I'm a 19 year old student with absolutely no credit history, how am I supposed to build credit? No credit card company offers me anything, every credit opportunity I apply for I get rejected. I don't even HAVE a credit score according to the site I checked.
>>
>>1178312
Get a job first.
>>
>>1178318
I work part time as a computer lab assistant at my college, I make about 600 a month
>>
>>1178320
Then go to the bank, walk up to a person, and ask to apply for a credit card, IN PERSON.
>>
Lmao imagine being an American where you have to borrow money to prove you can borrow more.

In pretty much every other developed country your credit score is determined by your income and capacity to repay minus any bad debt scores.

Also, americucks are years behind other countries in terms of payment technology. How do you guys not have paypass or equivalents yet?
>>
>>1177690
So if you miss a few months of payments at 19, how can you fix your score quickly?
>>
>>1178335
>imagine being able to increase your working capital and use it as a means to create more wealth through personal responsibilty instead of being treated like a child
do europoors even try anymore?
>>
I use a debit card because I don't have a job so I don't make enough purchases for it to matter.

I can't see myself needing shit like frequent flier miles anyway, I've never been farther than a state in each direction.
>>
>>1178352
The system in the USA literally makes it harder and more expensive to access credit. What point are you trying to prove exactly?
>>
>>1178410
>harder
No, you literally just use a credit card where you would use a debit card
>more expensive
You actually save money by using a credit card over a debit card from the rewards.
>>
>>1178432
You fucking moron. On the US people are obsessed with "building credit" so that they can get approved for a car or house loan, and hence have to get credit cards first.

In other countries you don't need to build a credit score - as long as your capacity for repayment is high enough you'll get approved.

Stay retarded, burgercuck.
>>
>>1176941
Not quite, though I'm earning 6 figures. I can afford it, plus we got a good deal on it. I intend to drive it until it dies, like I do with all my cars. My last car was a saab 9000 that made it to 200k miles before it became too hard to find parts for.

>>1176966
Time value of money dude. If I am being given leverage with no interest payment, and I can afford the leverage, I'm going to take the leverage.

>>1177098
Well, I needed a car to get to and from work. You can argue that I didn't need this specific car, I guess, but I'm happy with the decision I've made, and it's not like I'm in any financial hardship. I'm earning 6 figures, I can afford a 2014 Camry lol.

Guess biz is full of retards who can't handle personal financial matters responsibly. Oh well, enjoy mom's basement!
>>
>>1178446
Do you use debit cards in other countries?
>>
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>>1178350
Why didn't you call them ahead of time and explain you couldn't make the payment and make some kind of arrangement. Like a partial, or a hardship arrangement you asshat. They can work with you if you communicate like a responsible adult.

there are 5 bad markers. I don't know which one you have so you'll have to tell me.
it takes 24 months since last activity to drop off.


30, 60, 90, 120 DAYS LATE and CHARGE OFF

Each one is drastically worse than the one before it. Please see the regressions.

As Always he who has the gold makes the rules.

How long ago was it?

If it wasn't too long ago
pay them in full
If you've got about a year left since last activity and it was a charge off you've got a choice to make. leave it alone and wait or pay, paying might make it worse in the short term.

Call your creditor and apologize your ass off, and swear you learned your lesson and you were just an ignorant shit eating cunt and times were tough and you didn't know what to do and you got some bad advice and ask them to change how they are reporting it anything to just make it a little easier.
if that fails write them a letter doing the same thing.
if that fails you may want to try Bumpage. Check the forum above for current methods.
>>1177690
Basically you're trying to create an overflow truncation in your reporting to make it drop off.

If that fails you may want to pay a service like lexington law.

If that fails you can try to get it removed yourself.

If that fails you'll probably have waited the 24 months before it only passively affect you any way.

If it was way way back fastest way is Get a few Authorized User accounts reporting. If you don't have the mix. both Charge and Credit cards ideally.
>>
>>1178410
no it doesnt. I can have a much higher credit score than someone who makes twice as much as me and thus have access to more working capital, which helps me increase my income.

>>1178446
So in your country someone with a low income is just fucked out of high credit limits. In the U.S. the credit system is merit based. Those who have proved trustworthy are trusted with more. I cant figure out why you think this is bad
>>
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>>1178335
>>1178410
>>1178446

Imaging being an untrustworthy dishonorable europoor

In America, Hi I'm Li I'd like some money please. Ah Mr Li. How nice of you to call. Let me pull up your record. Ah it says you are most honorable. We'd be honored to give you money.

In Europoor. Hi I'm Li I'd like some money. Why are you telling me your name, show me your papers, two years of papers please. Notarized. Why do you want this money? Why do you want so much? Couldn't you make do with less? Oh you have an idea Go away bring us real proof you can pay us back.


Don't judge us by the lowest common denominator retards who don't know the true power of an excellent credit score and history.

With such a record you have access to loans from the SMALL BUSINESS ASSOCIATION which is authorized highly subsidized loans, at the first loan manager level $25M to anybody breathing with a business plan to purchase an existing small business & 500k for startups for first time entrepreneurs & $5M for startups w/ entrepreneurs w/ a proven track record of success and good business plan.

America has so god damn much money that we literally don't care if you can pay it back b/c the lenders are insured a few times over to calculate losses into the equation.

We have so Much Money and So few Opportunities to really invest.
>>
>>1178481
>Why didn't you call them ahead of time and explain you couldn't make the payment and make some kind of arrangement. Like a partial, or a hardship arrangement you asshat. They can work with you if you communicate like a responsible adult.

My parents had stolen my identity; I didn't learn about it until after my credit was already screwed. I disputed it, but to no avail. It's paid off now, though, my credit is just in the shitter.
>>
>>1177606
>Enjoy your nothing, though.

Why would they "enjoy" nothing, idiot?
>>
>>1178902
"Enjoy your ____" is a sarcastic figure of speech.
>>
Not all of us live in America where you have to show what a good goy you are when you want to buy something.
>>
>>1178919
Fucking stupid.
>>
>>1177690
>Amounts owed- This has a counterintuitive trick. One and only one card needs a 1% balance. Everything except one Card should have a 0 balance

Can you elaborate on this a little more?

Im currently readong through the cred bible. Does that 800# for the 5k cred legit?
>>
>>1176606
How about finding a job first?
>>
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>>1179004
You have 10 cards. 1000$ each

On the last date of the billing cycle, YOU need to make sure they have the money and its cleared on their side so you balance is $0 on 9 of the cards.
On just one of the cards you will leave $10-$19 on.

Most people would have you pay them all off. but the interest ends up being $2-$3 per year. Paying somebody that much for being able to access thousands more in purchasing power every year.

Just tried it the number's dead. I'd check the check the creditboard forums for a more recent Service if you're looking for authorized user accounts.

look at the regression here >>1178481 at the balances and score effect. Notice the dip at 0 balance and the peak effect at 1%
>>
>>1176557
Are you me?
I just got my DiscoverIt Card 4 months ago and I am 19.
I started at 610 and am now at a 700 credit score.
They didn't even ask to verify my $15,000 income when I applied online, which I put scholarships and grants toward to not look like a neet.
>>
>>1176557
Did you check the creditpulls for your state on creditboards.com

At 19 w/ 620 student and secured are all you'll be able to get. Unless you do the based AUTHORIZED USER status. Why haven't you done that?

>>1178620
Okay so its paid off then. Call the creditor and explain what happened see if you can get someone sympathetic to your situation on the line.
If not
Call Lexington Law or the credit repair folks of your choice and explain your situation they would probably be able to help best.

When was the date of last payment?

Also just thought of this but if your parents screwed you like this you can probably leverage them to get authorized user accounts if they have any. Its probably unlikely if they did this but do they have an older card w/ no missed payments? I could only finagle one out of my dad to get started jumped 80 pts. You could probably argue for all their best cards.
>>
>>1177565
Burger good boy points.
>>
>>1179107
Wow auth user bumps your score up that muchv
>>
I need to get a credit card to build up credit.
Any suggestions on kinds of reward cards or whatever that'd be good, or kinds to avoid like the plague?
My dad swears by his sky miles card, but honestly I'd never fucking use the miles since I don't expect to travel much outside of work
>>
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>>1179154
good burger points
>>
>>1177440
"Leveraging" is advanced nigger-speak for "I'ma b so ruch muddafugga lok at muh car senpai, devaluates 10% after the first 10k miles liloloololollooool but it wuz "free" when i wuz got it now dey axein fo mo den dee intial value ;(((((("
>>
>>1176477
Credit cards are for liquidity emergencies. Personal debt shouldn't be accrued for things such as groceries, gas, luxuries, or other personal things. Hotels, cars, and medical emergencies, and real estate, are really what credit cards should be used for. (certain warranties are better with certain credit cards and warrant purchasing a car on a credit card than taking out a loan or doing any other kind of financing; you can't rent some hotels/cars without a credit card)

Then again, there are places that charge a higher price for using credit cards due to the fees associated with them. So, not only in addition to the APR you pay, but the increase percentage wise in price is usually more than what you "earn" in points.

With a debit card, I'm not carrying cash, which would be easier to use for a thief. It's easier to hide, I have a PIN, and I can call the bank up and tell them my card was stolen and they'll reimburse me.
>>
>>1176477
>Raise your credit
What kind of shit country has a credit system, where you earn "credit" points by taking on credit. Either you can pay or not based on your income, or you forgot to pay shit earlier and they tell you to fuck off.
>Provide you rewards
Oh, so you pay more, but get a % off the price, which should make you pay the real price you should have paid, before this system was implemented.
>Not responsible for fraudulent charges..do not drain your bank account
What kind of shit laws are that? In any competent nation you are not responsible for fraudulent charges, unless you fucked up badly. You get the money back. Be more responsible and have a savings and spending account.

When I see someone using a credit card I think 1 thing;
1) Stupid.
>>
>>1176515
>I felt bad for her and she played the flute like she was at Carnegie hall.
Is that a euphemism for... blowjobs?
>>
a debit card is the modern check. nothing wrong with it at all
>>
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>>1179384
if he was cool he would have said "Meat Flute" But hes a fucking pleb like you who doesn't even get straight euphemisms. Fucking retards. Stop being so fucking autistic.
>>
>>1179398
Shit did I trigger your autism? His euphemism was poorly worded and I wanted to verify. And who knows, maybe she literally was a talented flutist?
>>
>>1176477
you are wrong. only spend the money you have! that is a simple rule.
debt is for losers.
>>
>>1176552
>Where does debit or ATM withdrawls fit in? No purpose.
i use my credit card to withdraw the amount of cash i'm gonna spend that month on the 1st then pay for everything with cash.
i don't like leaving trails. cash has no memory.
it's also tax free it's a retarded thing transaction taxes that is. i usually shop at places where they don't accept cards because you get better prices. the card company takes a toll on the transactions also. so shops that don't accept them can go lower.
>>
>>1179414
*debit card damnit i don't have a credit card and will probably never have one.
>>
>>1179342
>pay $100 with cash or debit
>get item
>pay $100 with credit card
>get item plus $3 back in rewards
Tell me why I shouldn't be using a credit card.
>>
>>1176552
ATM/Debit fits in between EMT and credit card. It's a (somewhat) secured method of transferring funds that renders funds instantly (or near-instantly) and allows for chargebacks/processing cancellations, which many EMT services do not.

ATM cards are a risk-managed method for securing cash withdrawals against fraud. If you don't care about the risk aspect of transferring money willy-nilly using EMT, then feel free to ignore ATM/debit cards.
>>
>>1179414
where do you shop that has different prices for cash vs. credit? Are you living in the first world, because I wouldn't consider this concept common at all where I live.
>>
>>1179432
well i look around for the shops with lowest prices (for what i'm looking at) on the web, usually they don't take nothing but cash. that's how you know they don't pay the 6% for the card company.
>>
>>1179052
I make $30,000 a year.
>>
>>1179107
>based AUTHORIZED USER status
What is this and how do I do it?
>>
>>1179473
>shopping online with cash
>>
>>1179342
alas not everyone can live in the Great New Caliphate
>>
>>1176477
Debit cards keeps you using the money that you have instead of paying for more than what you've actually spent

I only use my credit card on regular but managable spending like gas since credit rewards
>>
>>1180010
So debit cards are for idiots with no self control.
>>
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>>1179480
Someone with an existing card will call up the creditor and saying I'd like Anon added as an authorized user. Name DOB SS# address to send card

A card gets sent with your name on it and it is authorized. Then that accounts stats will be added to your records.

If it was say your father, your record now looks like that of his.
>>
>>1179491
yes it's called buy it in a webshop and pay in cash when you pick it up at the depot or when they deliver it in your hands (in case of free shipping).
>>
>>1180015
no you can get loans on a credit card too it's just a bit worse conditions and you don't get credit.
>>
>>1180133
*debit fuck
anyways the differences in practical terms are philosophical and subtle at best between credit and debit cards.
>>
How does someone in Canada, who has no credit history get themselves a credit card? Do i have got goy up and get some secured card or something? I am 20. I applied for two credit cards and got denied for both of them. Presidents choice and a BMO card. Upon research all of them had no or very low gross income levels which i met.
>>
>>1179342
You're a fucking retard and worst of all you're a fucking retard giving awful advice. Seriously shut the fuck up. It's been explained thirty times in this thread how credit cards are leagues ahead of debit cards assuming you are a responsible individual. If you can't understand that then plz go.
>>
>>1180738
Have a job and go to your bank. Seriously, I don't know how people get denied.
>>
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>>1180738
Equifax and Transunion are in canada, So i'm pretty Sure muh tricks above will work.

https://www.debtcanada.ca/library/credit-rating-101

According to this site some minor changes to >>1177690
Inquiries fall off @ 36 months
and Length of Credit History is 72 months

Regression analysis is a fairly simple mathematical process and doesn't change b/c you change borders.
What might change is the game theory and order of operations. b/c of different weighting criteria and

http://www.mymoneycoach.ca/credit/check-credit-rating-report-score/what-is-a-credit-score

According to the graph on this site the weighting is exactly the same.

I'd be willing to bet the models are almost exactly the same just the database structures are different. Good luck to you NorthMan.
>>
>>1180822

Thanks for the info man appreciate it, now i am worried my 3 applications to get a credit card that were denied since i have no history, is going to shit on my score. I pay my phone bill but, it is a family plan so i give the money to my mother every month. I would not be doing this and would gladly get my own plan etc but i got cucked by my brother dropping his phone and breaking it, then going on contract to get another one. So now if i want to leave this contract i will get fees out the ass.

That is the only thing i could see being on my credit score, i got 11k in my bank atm and really want to build credit. My parents credit scores are shit, they were over 150k in debt and sold their house in a divorce. Their credit is frozen and only my mother has a CC and she barely holds onto that. So i would not want to become an authorized user.
>>
>>1177588
I run my own business and always pay business expenses with my credit card

I pay the balance in full every month, why would I turn down the $70 free cash back I get every month for no effort at all?
>>
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>>1180844
doesn't have to be your parents. Talk to some friends and get them to be auth users for like a month or two. get your own cards then have them remove you and hope your cards don't drop your ass. Or cuck some mildly successful girl.
if that fails then take the money and search for the largest secured card you can get. you'll get the money back in 2-3 years.
>>
>>1177594

>Average adult with a full time job
>Blowing 2k a month

Absolute madmen! I make £2100 a month and I'm hard pressed to spend even half of that on my total monthly expences, even factoring in my monthly pension contribution and travel expences for work
>>
>>1182101
Sounds like you've got a low cost of living like me
The apartment I live in costs $430 a month, with utilities, gas is less than $2 a gallon, and my phone is on the company plan

If I moved to the nearest "big city" I'd easily be paying 3x more in rent alone
>>
>>1176580
>>1176586
You still earn 1% on all purchases
Made $500 last year on rewards by charging everything besides mortgage, car loan, and power bill is paid through my discover card.
>>
>>1176855
Obviously intelligence isn't your thing.
>>
I've been to lazy too get one but you guys are starting to convince me otherwise. I should have good credit; owe about 3900 on my car. all payments made on time for three years now. Whats the best cash back one you think I can get?
>>
>>1176603
>Some banks here are even testing payments (in real stores) with mobile phones.

Holy shit, you mean like SoftCard did in the United States six years ago? The netherlands are so advanced...
>>
>>1177613
So you're saying I can pay a marked up cost because everyone is getting credit card rewards, and get a few hundred dollars in rewards each year, or I can pay a marked up cost because everyone except me is getting credit card rewards, and get nothing each year.

Are you retarded? You'll still pay that markup even if you pay cash.
>>
>>1178450
>give me $20,000
>im practically giving you free money!!
Ya ok
>>
>>1179082
Hey there, I'm not the guy you were talking to but you've got me curious now. I just got my second card, started with a visa that hit a 3k limit two years ago just got an AMEX with a 6k limit. Are you telling me I should be keeping say 60 dollars on my AMEX every month carryover to maximise my rating? My FICO is currently 770 and I got there by paying my entire balance off every month for the past five years or so. Wouldn't the 60 dollar carryover to maintain that 1% utilisation count as a missed payment?
>>
>>1176477
Use to be really anit credit card because I saw all these people around me with crippling debt. Finally need to start building credit and get one, first 6 months no interest.
Immediately buy a plane ticket and pay it off by the end of the first month.
Realize all those people with debt were using the cards to buy things they could never afford to begin with.
Have like 3 cards right now, gonna get a fourth when the new Costco visa comes out.
>>
>>1176477
I have 2 credit cards.
But I keep 1 debit card to use for dubious websites. The most they can take from me is <$500. For example, when you have to call the operator and give them all the details of your card if you are a non-US customer (e.g Oriental Trading (no bad experiences with them, just stating an example)).
And yes, I got billed for a $1000 trip from Japan to Paris before on my debit card (back when my debit card acct had around $3k). Quickly called the bank and was able to cancel the transaction.
>>
>>1176477
I am 18, at least for trading purposes, and have a fairly large amount of money for someone who hasn't ever held a job for more than 3 or 4 months.
I have a flex one account, however, I forgot my pin, I also have a internet bank account I have never accessed because I never set up the account properly, but because I have a steady income in cash I never feel the need to use my accounts to draw money, all I do is pay some expenses, give my self a personal consumption budget and save the rest.
I am far from working class, I simply wish not to put myself in debt, because I don't spend more money than I have; I also have a rule that something must last as long as it took me to make the money to pay for it.
>>
>>1176477
>You need a debit account for a credit account
????
>>1176485
>Don't want to pay interest because loaning money is fucking stupid
>LOL POORFAG
Found the retard.
>>
>>1177588
>>1177590
Someone living by themselves?
>>
>>1176477
there are two sides to interest.
1. The person that pays interest.
2. The person that collects interest.

There's a clear winner here, what side do you want to be on the winning side or the losing side?

Don't get me wrong.. credit is a good thing to have, but to always use a credit card sounds like a generation X kinda thing.
>>
>>1176578
I refuse to live anywhere cold
>>
>>1185328
He thinks you have to pay interest to use a credit card
>>
>>1176485
There's so many things wrong with this statement, I'm not even sure where to begin.
>>
>>1185507
If you are retarded and don't pay the card off fully every month.
Also don't forget
>annual service fees.
>>
>>1185572
I have 4 credit cards. None of them have annual fees.
>>
>>1185575
There's a service fee somewhere anon.
>>
>>1185584
No there isn't.
>>
>>1185588
Yes there is.
There is a fee somewhere that you just might not be seeing.
There is a cost to upholding the functioning transactions for those credit cards, beit some deal with making additional accounts or depositing a sum of money into those cards each pay period.
>>
>>1185595
The fee is the interest. Only absolute idiots pay interest.
>>
>>1185607
Nah man, credit card companies know about the ones with a smart wallet. I am betting there are some hidden fees that'll be charged to the card due to not getting any money sucked off of you.
I'm telling you bro watch your transactions.
>>
>>1185611
No there isn't. Stop talking if you have no idea what the fuck you are talking about.
>>
>>1185625
Just saying anon, that's how things usually go.
"No hidden fees, just sign here and give us your payments- no need to look at what we're charging you now"
>>
>>1185632
I have paid a grand total of $0.00 outside of what I paid for purchases over the course of 5 years using my cards.
>>
i have just been charging everything to my business card, i literally never buy anything or just pay with a check so my credit score is 0. what is fucked up is that they are basing car insurance premiums on your credit score which has nothing to do with anything.
>>
I think credit cards are much more common in the US than in Europe, here pretty much everybody uses debit cards to pay stuff (much faster and more convenient). Recently, my bank introduced a savings account where you get 1% off every purchase you make with your debit card so that's kind of similar to those credit card cashbacks
>>
>>1176477
I leave just enough to cover the bills each monnth on my debit card, everything else I withdraw in cash that gets put in my safe

I use an anonymous pre-paid cc for online purchases and cash for in-person purchases

I've never been in debt my entire life, paid the house by bringing cash to the bank to be wired to the seller, same for all vehicles and other larger purchases

I don't use any loyalty cards or cc's in my name because I'm familiar with IT and do not wish to volunteer ANY info to ANY company, regardless of "rewards" offered
>>
>>1176477
Credit cards:
>Raise your credit
My country does not have a concept of credit like the US. There is only "good" credit and "bad" credit.
>Provide you rewards
So do debit cards here
>Not responsible for fraudulent charges..do not drain your bank account
Same with debits.

Not everyone is from the USA bub.
>>
>>1185632
Non retards watch their charges. With tech today thier is no excuse not too.

And you are talking out your ass. Ccs make money knowing that most people are financial degenerates who will happily over use the card and incur interest if given the chance. That plus vendor fees which major vendors typically eat.

So you really are in charge of your card, and it is entirely possible to never pay a dime to use it, all while grinding rewards.

CC companies allow this because they know only 1 in 50 people will actually do it. Simple as that. Just read the fee disclosure.
>>
>>1176580

Nigga it pays to Discover love mine
>>
>>1176550
Pretty much this.
As soon as I was able to get a Credit Card I started using it in place of my Debit card then I got another one so I can go like this
Credit spend > Pay off credit with other credit card > Pay that one off with Debit card
>>
>>1184874
AMEX offers both Charge cards and Credit cards. They are different. the aggreement for charge cards is you pay off the balance monthly.

The 1% balance rule is for Credit cards.

AMEX
GREEN GOLD AND PLATINUM are Charge cards

Plum, Blue, Everyday, Clear, Starwood, Delta Skymiles, Hilton, Plenti, Mercedes, are Credit Cards.

You would only leave $31 on the visa not the AMEX. and if you have a 770 the world is your oyster. My score was a 765 when I got applied for and recieved roughly 75k in offerings.
>>
>>1182332
where the fuck?

The absolute cheapest I can find in my county is a bit less than $1000 for a studio or one room and these are in the "slums". I rent a room for $650 which is actually a bargain a lot of room are 750-900
>>
>>1185595
Most Credit cards sustain themselves simply on the merchant fees.

There are some cards for people with ruined credit that have.

Purchase fees
Annual Fees
Balance fees on top of interest


however most cards are no annual fee, with a monthly balance cycle.

Once you get a good score most credit card companies will literally throw all kinds of rewards at you to have you sign up.

>>1185595
I've only heard of this kind of situation in certain prepaid debit card account.
>>
>>1185780
How do I go about exploiting my credit score for offerings? Other than bending over backwards to get me my card despite my tardiness in completing my identification information they didn't offer me any other big benefits when I applied.
>>
>>1185821
Offerings come and go. there are times when they are flexible and when they are not. Keep an ear to the ground for when various companies are offering promotions.
Flyertalk and CreditDoctor help me with that.

All of them have qualifying statements on their offerings. and the sales reps talk in a way disguise formal agreement. so before you say "YES"
have them list off the full agreement key points and if they omit say 50k bonust miles say what about the 50k bonus miles offer.
THey're like you didn't qualify.
I feel like I should have qualified b/c I got a similar offer from competitor for 60k miles with no difficulty. can you help me or direct me to someone with the authority to get the 50k miles b/c that was the reason I did this.
if the manager still says no. say maybe I misunderstood the offering I'm hanging up now.
Call again go through the same spiel 3x-4x

also its in the credit secrets bible. Have a report that looks like you're fast tracked. mostly premium offerings. You'll have to wait till 750+ to get your first. but once the ball is rolling its hard to stop.
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