I got approved for that gay amazon credit card with a credit

So you just got a credit card and want to spend money just because you can, without even having something in mind?

Are you completely retarded?

>>383900229
Do you even have a job to payoff whatever you spend?

>>383900314
No fucking faggot. I need to build credit history and i have money to spend. So i wanna "finance" some shit. My PC was like $1600 a year ago and its already probably worth $400 now.

>>383900382
Not yet. That comes later, whenever.

>>383900314
>wow $300 for free? No don't spend it
lol

>>383900382
Yes full time. $14 an hour.

>>383900314
he could be american
its in their blood

>>383900483
Faggot stop pretending to be me

>>383900229
PS4 and a copy of TLOU so we can play multiplayer together

>>383900543
>spending money is only for americans

Ive seen some retarded shit on v before but this takes it.

>>383900656
Spending money nope, going into ridiculous debt yes.

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>>383900623
I dont play on dang consoles. Plus i think that'd max the "card". I will play MGO with you.

>>383900229

Interest accumulates to a % of the total you owe, per month. Don't max out a card if you can't pay it off in six months and when you make payments to a card, they can run around your payment for up to two weeks, causing it to arrive late when they finally do get around to depositing the amount.

I was making my payments a week before they were due on my card and they were still arriving late and I only noticed cause I got hit with late fees.

>>383900776
>$300
>ridiculous debt

Wew lad you from africa? I make more than that every week and my rent is a split $400 and thats a shit wage here.

Americans, everyone.

It's a wonderful country where it's easy to make a lot of money yet most people are too impulsive and lazy to make any sort of financial planning, ending up in massive debt anyways.

>>383900786
Thanks for the advice, i know the game, my grandma taught me. I have enough money to buy the shit outright. I just wanna get some payment history on my credit. So i make a $300 purchase, pay $150 right back into the card, then pay the rest off and do it all over again when i hit 0 balance.

>>383900776
Using a credit card and then paying off what you spend immediately afterwards builds credit which helps you buy essential things in life like a fucking house to live in. OP would be going into debt if she were a retard who got a credit card before even getting a job and go crazy with it.

>>383900954
>this employed kid wants to buy a couple pc parts and shit with his fairly earned wage
>fucking americans and their greed
W E W

>>383900229
You are making a huge mistake. Cancel the card immediately.

>>383901061
>she

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>>383900229
If you honestly went online to ask people what you should buy with your new credit card, then you are obviously too young and immature for an Amazon credit card of all things. Go to your local credit union that you SHOULD be a member of already for some SOUND financial advice, you twit.

>>383901092
Oh no this isn't about greed. Quite the opposite, it's about mismanaging your finances.

I'm saying precisely you live in a country where you can be a shithead who hasn't even got a higher education, can work an easy job, get paid enough to buy a top notch pc that will last you many years within the month, but still the country is filled with mongoloids that see their credit cards as "free money" and go around wrecking their credit history. It's amazing how a country can be so rich and yet so stupid.

>>383901061
You know damn right most people dont have what it takes to handle credit/debt properly

>>383901318
Yeah but from what it sounds like OP actually has her shit together so I doubt he'll put himself into debt so long as she makes sure to keep his shit inline.

>cause im 18
>the realisation that people a decade younger than you are who you are posting with

400 is okay, but really kind of shitty. i think my first at 18 was like 700.

The amazon card is also backed by chase, and they will literally never give you a credit limit increase.

>>383901303
HAHAHA immature. We're on v bitchboi. You have no authority on maturity. I was asking for suggestions. You're literally autistic.

>>383901309
Stopped reading at the beginning you edgy wolf of wall street. Go cry to reddît.

>>383901309
Why do you care what free Americans do? Your country and existence isn't something that we even care about or give a second thought, yet you're obsessed with people who don't even know, or care, if you exist.

>credit cards

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>>383901963

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>treating a credit card as free money

>>383900462
>Yes goy, build that credit score so my you can take a loan from my buddy Ezra.

>>383901439
Now think of how many posters are actually 14-17
Puts quite a lot of posts into perspective

>>383900229
If you don't have money, don't buy anything, retard

>>383900229
>that pic

I don't get it

>>383900483
>>383900462
so which one of these is op?

You should cut up your fucking credit card.

>>383902086
Is that the qt from the Marilyn Manson Tainted Love clip

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>>383902558
yep, though the screencap is from "Not Another Teen Movie"

>>383900229
>have credit card
>always pay it off
>eventually start uni
>pay it with credit card instead of getting student loans
>parents say they'll pay me back
>they do the first 2 years
>eventually get bachelors
>roped into becoming their free PCA
>roped into moving their shit across the country
>first moment in years that lets me look for a job
>in a shitty rural area with slim pickings
>$7000 owed on card

just kill me now

>>383901061
>Using a credit card and then paying off what you spend immediately afterwards
Americans don't actually do this
they treat it like free money for a monthly fee like OP is doing

>>383903019
>Trusting other people with your money/credit
Not even once.

>>383903115
they were my parents and cut a check for an immediate 4 years for my older brother and sister. Since I was going to a local uni and paying by the semester it made sense. I'm just hoping my mom dies so I can get that money without having to get a job in this shithole

>>383903019
>can get a loan with probably the best interest rate you'll find on anything in the country
>nah let's put in on my credit card xddd
You deserve your debt

>>383903280
>best interest rate

also better 7k in debt than 30k like most of the people I know who went through the same program

>>383900229
>Posts a shitty dorkly comic, that's likely bait.
>Posting from phone.
>Needless spacing.
>Doesn't know how to greentext.

>>383903019
Aren't you paying horrendous interest rates on that loan

>>383903476
Where are you going to get better repayment rate than a student loan? You pay like 5%. Your credit card is probably over 15%. The lowest ones you can find anywhere are like 10% which is still double.

The fact that you paid some of it off and didn't make stupid boarding decisions that cost you tens of thousands doesn't make your braindead decision a good one.

>>383903083
I didnt know that I actually havent been paying my card off before interest every month. It didnt even dawn on me that the 15 dollars in cash back wasnt even real either. Really making me think here

Credit Card is a bitch to get in my Country so eventually they offered "PrePaid" Credit Cards.

Much easier and safer

>>383900462
>credit history
What the fuck is this shit even?
I only ever hear Americans talk about it, and I have no idea why it's supposed to be a good thing.
From what I understand it's basically about how much money you had to pay back for loans or something

>>383900462
>I need to build credit history
only in america

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>>383901770
I'm your age, how are you such a faggot

>>383904009
Basically it's a number that tracks how good you are at paying off debt. If you pay off lots of debt consistently you'll get significantly better interest rates when you apply for something like a mortgage or a car loan.
If your history shows nothing or a history of not paying things, you'll get a shitty interest rate or may even be turned down.

>>383904009
Its literally good goy points you collect

>>383904162
What kind of fucked up system is that?
>Well sir it looks here like you aren't a fucking retard with money who needs to loan to buy useless shit all the time. I'm afraid we can't trust you

>>383904293
>What kind of fucked up system is that?
America in one sentence

>>383904009
Ok so you can actuallu build credit history without paying interest, this is a rating on how much you can be trusted borrowing money based on amounts borrowed and how timely you are with payments. The way I learned it, is you can lose everything you have your job your home etc, but if you have credit you can get ahold of the money needed to live to get you back on your feet. If treated right credit is a "there if you need it" type of thing but you only build it by using it.

>>383904293
Its the same Country where they allow 18 year olds to take out five to six figure loans for their gender studies degrees. But you better not drink before 21!

>>383904293
Interest rate is a symbol representing risk. High interest rates mean they dont trust you very much but will lend you the money, they just want to get their investment back as fast as possible. Low interest means they expect you are going to handle things and will make their fair compensation over the course of the loan. If you have bad enough payment history they say no outright.

>>383904293
>Friend A asks for loans from you often, but he also pays them back quickly and in the full amount.
>Friend B asks for loans from you often, but he never pays you back when you bring it up. When you force him to pay you back, he gives you like 30% of what he owes and says he'll pay you back later.
Who would you loan money to? Credit history isn't for consumers, it's for businesses to make more informed decisions on who they loan money to. Credit history is not only easy to maintain, it's easy to increase as well. You literally just pay back in full on time every single statement cycle. The only people who don't understand this are retards who think credit card = free money.

>>383900229
>being 18 in 2017
>he was 12 when ponyshit came out

Jesus christ

>>383902126
I was applying for a service which had a credit rating check involved in the sign up process. Since I had no credit history at all, I failed the credit check and was rejected. If you can't prove you can pay things off, some companies simply wont serve you.
>>383904009
>>383904038
I'm all for the 'fuck America' circlejerk, but I'm Australian.

>>383903651
Only if you get private loans. If you get federal student loans it's only 4%

>be building a pc
>start with budget of 500 or so
>get ad for Amazon store card
>"eh what the hell might get a better CPU with it"
>get instantly approved for a credit limit of 1500
>build a top notch PC for the year of 2013

Boy was I a good goy

Almost done paying Mr. Goldstein off for it too

Fuck credit, what a fucking trap for young goys like OP here

Remember OP, it might not seem like a lot of money, but when youre a wageslave it will take you a literal lifetime to pay it off after the interest starts kicking in

>>383904009
Good Goy Level.

Youre a fucking dumbass. You always wanna go 30% of you limit. No extra fee and best credit gained. Just keep paying every month and youre good.

Is it such a weird concept for people to not buy luxury goods they can't afford? Save up, buy cash only, don't get in fucking debt.

>>383905375
>fuck this tool I used without fully understanding
Credit is amazingly useful for the fact that you can never plan for every outcome. Reminder that payments over the minimum reduce the overall interest you pay over the course of the loan

>>383900229
this is how people in america actually think

>>383905810
If you budget the monthly expense of something to safe levels and personally accept that the cost of interest is essentially the cost of wanting it now instead if later then there is absolutely nothing wrong with it. Idiots just love to take on debts they cant handle

>>383905432
this. stay under 30% or it'll look bad to the big 3. pay it off every month and you'll end up as a 23 year old with a 750+ credit score provided you keep them student loans in check

>in debt over several credit cards
>thinking about getting a large loan to pay it off so I only have to pay one souce

Is this retarded or the proper solution to my problem?

Reminder that not being retarded with my money isn't an option as I do not own a time machine

>>383905967
>Reminder that payments over the minimum reduce the overall interest you pay over the course of the loan
And paying off the loan instantly is apparently not worth good goy points. Basically credit is a dumb system because you have to pay it to get good credit. If you have money you don't need good credit, and getting good credit is a bad use of money unless you plan on getting more loans.

>>383906417
>have problem with taking too many loans
>"fix" problem by taking another loan

>>383906417
>Taking a loan to pay off a loan
You're entering a never-ending cycle that could potentially ruin your life. Consolidation is the very last option you should be considering, try paying off what you have to the best of your ability.

>>383904293
Businesses don't give a shit about your spending habits. What they care about is your ability to not take on more debt than you can handle and pay back money that you owe on time.

>>383902126
Good luck buying a house with no credit history, redpilled-san.

>>383906546
You are so dense anon kun, credit cards are ok to pay off in full as long as you put something on it again it will show that continued use. You build up credit so you have the worlds strongest "OH SHIT" button. If you take other kinds of loans like a car loan then you just go in understanding that the interest is the cost of not waiting, a choice up to the individual, and if the person is budgeting responsibly then theres nothing wrong with them choosing to so this.

But you can be afraid of the big bad credit I guess

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>>383905375
>Make extremely bad choices and gets a fucking Amazon Store Card without reading up on how they work or what it means to have it
>Immediately maxes it out with a frivolous purchase
>FUCK THE JEWS

Right

>>383904162
America truly is the (((greatest ally)))

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>>383900786
Thats illegal and you can claim for damages to your credit rating if you have proof of payment before the charge date

Bear in mind that the charge date will be different to the billing date and many people are too fucking dumb to realize this so they get goy'd

>>383906417
Only if you can get a better overall interest rate from a loan. Credit cards generally have very high interest rates from 14 to 18% where loans can be 5-8% depending on your circumstances.
Obviously if you can get 0% balance transfer cards you should absolutely do that before taking on any more interest.
Sure you'll have to pay a fee of around 3% on average but you might be interest free for 2 years while you pay it down.

Don't buy stuff you can't afford!

>>383905810
Credit is pretty much a system that helps sensible people who plan ahead make major purchases easier and maintain a safety net. While also entrapping and punishing stupid people and children.

>>383900229
Bitch, don't get that shit in your name.
Fuck paying creditors.

>>383907395
So it's like the dark souls of life?

>>383904009
It's how good you are at paying back money you've borrowed, which is essentially what a credit card is.

How the fuck are financial institutions supposed to know if you pay your bills on time if you've never paid a fucking bill before? You build up a credit history to demonstrate that you can be trusted with credit. How do they do it in Europe? You just get a credit card with a 100,000 Euro limit right out of the gate?

>>383900229
this poster is a new-faggot
every one point and call him a new-faggot

Credit score shows how reliable you are with paying for anything

All good base level tech starts at $800 -1000 minimum

I wish credit cards were as good here as in the US. In the US, they seem to give you all kinds of bonuses and shit for using a credit card, which make using it instead of a debit card actually preferable as long as you aren't a retard with your money. Here any bonuses you get from using a credit card are much worse, so you're losing money because of the annual fees the cards have, unless you spend ridiculous amounts of money.

>>383907674
Pretty much. I only use debit because there's no point to credit here.

>>383907535
In most European countries, only negative "credit score" is tracked, so if you've failed to pay your bills. When giving loans and credit cards, they generally check your income.

>>383906609
Wouldnt consolidation at a lower interest rate be a good idea though?

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Is it possible to set up a system to pay off your credit card spending instantly with money in your bank instead of having to pay it later?
Essentially turning it into a debit card with benefits?

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>all the under ITT who don't know what credit score is
jesus christ

>>383907791
If you're already at a point where your individual loans would ruin you, it's a viable escape route. But these consolodated loans are usually a commitment for years to come. They lure you in with affordable monthly payments and skim over the fact that you'll be chained for 10 years or worse.

>>383901963
>free

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>>383907535
Basically in the eu we get 0% cards, run them up, then transfer to another 0% card 12-36 months later so you dont have to pay off anything other than this minimum charge, usually €5-10

As long as you use it and keep giving the basic charge the banks will call you and offer even more 0% credit

Its a flawless system of debt dependence and will work right up until someone calls it in.

>>383903019
You can't default on student loans
Credit cards, though? Just stop paying them. You'll have bad credit for 7 years but after that you can start over, clean slate

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>That OP image
>1000 dollar PC
>Have 2500 dollars in value in my Steam account alone
>Actually purchased it all for roughly 600 bucks
(3 games purchased above 50 dollars EVER BABY)
>Mfw I have objectively saved money doing something very similar to the guy in the comic

>>383903237
A good way for your mom to die would be to not reply to this post.

>>383907820
Yes, auto pay set to pay full balance. You just wait until a statement is made so that its being reported to credit that you in fact use the card

>>383908036
Well yes, but as long as the interest rate is lower and there is no early payoff penalty you can save yourself a shitload Id assume

>$400 credit limit

Jesus christ how poor are you? I'm lower middle class at best and Amazon still gave me a $5000 card.

>>383907820
I believe so, I think it's called an automatic payment? You have to set up a lot of stuff though like whether or not you want it to pay the minimum amounts or how much it's allowed to take out at once.

>>383900483

>300$ for free
>need to pay it back

Niggea you dumb

>>383906857

There is a difference between spending on a credit card and treating it like free money you uneducated faggot

>>383908254
There is a "warm up" time on many new cards
The limits increase after some months, new regulations to slow down dumb asses racking up debt.

>>383908468
In this case he was doing the former you raging /v/irgin.

>>383908254
a 400 line limit for an 18 year old with no credit and a poorly paying job is pretty par for the course. more often kids are required to take secured credit cards with a CD in order to get a credit line. it's not the 80s anymore

>>383908036
>>383907791
>>383906609
Explain to me what consolidation is. I've heard of it but never looked into it, it sounds like someone buys all your debt and you pay them off?

I'm somewhere around 4000 in debt across various accounts, should I go for it? Seems like a better option than drowning in interest rates and falling in the same cycle

>>383905178
I meant the credit on the card

>>383905810
Consider the following scenarios:
>pay rent for 20 years, save up money for a house and buy it outright in cash
>take out a mortgage and buy a house, then live in it for 30 years and pay off your loan
Both of these scenarios are viable. If you are okay with renting you can do option one, if you are okay with debt you can do option two. Both have ways they can bite you in the ass (landlord jacks up rent and it impairs you ability to save for a house; you are unable to afford your mortgage and you lose your house) and both have benefits (that feel when no debt; that feel when home ownership). I have a stable job and a family and interest rates were good, so I purchased a house with a mortgage. I am financing my car; over the course of the loan I'll pay about 600 extra dollars across four years than if I had just bought it outright, but that 600$ is actually me paying for the flexibility of keeping an extra 25k in my bank account in case I need it. As with many things in life choosing to use credit comes down to preference and timing.

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>>383900229
>owning a credit card

>>383908809
Typically it's a program where your creditors lower your interest rates in exchange for fixing your monthly payment to a certain amount which you agree to pay every month. So you're paying more monthly, but you'll get it paid off much sooner than paying minimum, and less interest. And your accounts are closed. You still have to pay what you owe

If you stop paying for a few months and threaten bankruptcy, you might be able to get some creditors to reduce what you owe to about a 3rd, if you offer to pay it in one lump sum. Since they sell it to collection agencies for far less than that. But you need to stop paying them first

>>383908848
Of course, but a place to live for decades to come can hardly be considered a luxury good. I was trying to poke at people getting in debt for that sickass gaymen PC and other frivolous shit.

>>383908186
>>383908285
Then what the fuck

you'd be gimping yourself by NOT using a credit card

/v/ - Credit Cards

>>383908848
>that feel when home ownership
You don't really own your home if you have a mortgage. You're just living there

>>383909020
Would doing such a thing kill my credit? Like it not great right now but its salvageable

The second thing sounds like it would tank it completely, but its solid advice none the less

>>383907772
In the US, we assume people are idiots until proven otherwise, and rightfully so. Your average person is like OP, and racks up debt freely thinking that they'll pay it off eventually. They only make minimum payments and accrue interest, demonstrating that they aren't likely able to borrow more money or their fragile strategy will collapse as soon as they have a car wreck, something gets stolen, or have a medical bill for an emergency. Then you have some people that actually pay their debts on time to prevent the accrual of interest, have a steady income, and don't take out emergency loans all the time because they keep a savings fund for unexpected expenses. Those people are trustworthy and thus rated better. It's basically a system for agencies to help each other evaluate financial risk. No one wants to invest in something/someone that is high risk when there is a low risk option that offers just as good of returns.

>>383900229
Ah, look everyone: A fresh newfag.

>>383900229
CREDIT CARDS in 2017 OMEGALUL, enjoy your debt goy

>>383910020
Debt management programs don't damage your credit at all. They show you're paying off your debt

If you pay off your accounts for less than what you owe, then it's noted that the account was settled for less than the balance due, which will impact your credit. But it's still better than a default

>>383909128
Yes that is what we are saying. Ive gotten 15 dollars in cash back in 2 months by paying my bills with my credit card then paying it in full. People are just afraid of what they dont understand

>>383910020
Oh and if you do manage to low ball one for your creditors, you will owe taxes on the difference, because it's counted as income. So let's say you talk down a $5000 account to $2000. You will owe taxes on the $3000 that you didn't have to pay.

>>383909967
You actually do own part of it. That's what "equity" is. When you pay rent, you have nothing when stop paying rent. When you pay off a mortgage, you are legally entitled to the value of the money you've paid on the mortgage as well as the amount by which the house has appreciated in value. If I sell a house before I pay it off, I get too keep that equity as cash or I can spend it as a down payment on an even better house.

>>383900314
He is american.
Do you even have to ask?

You have to be 21 for a credit card though
Also never buy anything with a credit card you can't pay off by the end of the month
That's credit rule #1

>>383900229
Get a PS4 Pro and pay for the excess with your debit card.

>Muh credit score
Loan officer here, laughing my ass off at you retards.

No one gives a fuck about credit score, assets and income are the only thing we base acceptance off of.

>>383910434
>>383910316
Thanks anon, I'm going to look into it

>>383910574
You only need to be 21 if you can't show proof of income. Of course, you shouldn't get a credit card without having an income anyway.

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>>383910574
I got my first credit card at 16. So I could buy muh animus.

Pic related my first purchase.

The real reason I got it though was because World of Warcraft was coming out soon and I needed to pay that sub.

Of course I dropped the game 2 months after release what a piece of shit.

>>383910869
>no one gives a fuck about credit score
Let me guess you work for a credit union

>amazon credit card
oh no, please anon please tell me you're joking. Just get a big name brand credit card and use it for paying off bills and buying high price technology, then pay it off within a week, if not immediately.

>>383900229
I hope you take the time to research exactly how your personal credit works and how a credit card affects it before you make unnecessary purchases.

>>383900229
Fuck off underage retard. Faggots like you is why this site sucks as much as it does now. Fucking kys.

>>383911038
Yes because the pay is a hell of a lot better than it was at a bank. Ive worked both however.

No one gives a fuck if you have an 800 credit score from paying off your trips to McDonalds, we aren't going to give you a business loan without collateral to go after and you will have to get mommy and daddy to cosign.

You could have a dogshit credit score from being a literal retard but a high income and home and we would throw money at you.

>>383900229
Oculus Rift+Touch is only $400 right now.

>>383900229
Don't use more than 30% of your credit line.

>>383910452
That works both ways though. Let's say you took out a mortgage for $200k on a house that's worth only $180k now. You've $20k in equity in it, but when you sell it for $180k, you still owe the remaining $180k on the mortgage, so you walk away with nothing

Upside down mortgages were very common during the financial crisis

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Credit scores? 23 here

>apply and get a credit card a couple years ago just to have one, $200 limit
>everybody telling me to use it to build my credit, never use it
>apply for another credit card for financing to pay for brake job
>apparently my credit was fucking great by not doing anything and I got approved for $1600
Neat