creditcard US trend - GoFuckYourself.com

notime · 06-11-2009, 10:19 AM

http://www.adweek.com/aw/content_dis...d6f708b827d53e

Debitcards seem to be on the rise while creditcards seem to decline.

HorseShit · 06-11-2009, 10:21 AM

It has nothing to do with the high interest rates or ridiculous terms

Sly · 06-11-2009, 10:23 AM

I use my credit card only. I find it easier than messing with cash and just never really got into debit... plus I get points and it is good to responsibly use your credit. Pay it off every month.

Rochard · 06-11-2009, 10:25 AM

I haven't had a credit card in like fifteen years...

notime · 06-11-2009, 10:25 AM

Quote:

Originally Posted by Justin

It has nothing to do with the high interest rates or ridiculous terms

I heard they charge up to 28% in intrest rates the US, it that rumour true ?

HorseShit · 06-11-2009, 10:28 AM

Quote:

Originally Posted by notime

I heard they charge up to 28% in intrest rates the US, it that rumour true ?

Somewhere around there but Americans need their mcd's and will gladly pay 30% on their bm meal

pornguy · 06-11-2009, 10:30 AM

I have been saying that for a while that people were spending less and thats the main reason we have dropped in sales.

Sly · 06-11-2009, 10:30 AM

Quote:

Originally Posted by notime

I heard they charge up to 28% in intrest rates the US, it that rumour true ?

"Up to," some do. Mine are between 8-14%.

Elli · 06-11-2009, 10:31 AM

I hate using my credit cards for daily things. I reserve them for shopping online and big purchases, pretty much. Everything else is cash or debit.

FilthyRob · 06-11-2009, 10:33 AM

Quote:

Originally Posted by notime

I heard they charge up to 28% in intrest rates the US, it that rumour true ?

I had my Chase card about 2 years ago, missed a payment by 1 day, they raised my rates from 12.95% up to 29.99% and would not budge on it whatsoever.

I had never and since never missed or paid late again.

MakingItPay · 06-11-2009, 10:37 AM

Quote:

Originally Posted by Elli

I hate using my credit cards for daily things. I reserve them for shopping online and big purchases, pretty much. Everything else is cash or debit.

I like to use my credit card for every purchase. I use cards that earn points. You can get a free flight or 2 out of it every so often.

GetSCORECash · 06-11-2009, 10:37 AM

new credit cards issuers are hard to find. Bofa now owns a big portion of the new credit cards being offered.

notime · 06-11-2009, 10:42 AM

Quote:

Originally Posted by Sly

"Up to," some do. Mine are between 8-14%.

Quote:

Originally Posted by FilthyRob

I had my Chase card about 2 years ago, missed a payment by 1 day, they raised my rates from 12.95% up to 29.99% and would not budge on it whatsoever.

I had never and since never missed or paid late again.

Is that even legal to charge these insane and irresponsible percentages?

Sly · 06-11-2009, 10:56 AM

Quote:

Originally Posted by notime

Is that even legal to charge these insane and irresponsible percentages?

There is a legal limit.

Nobody is forcing anyone to use a credit card. Granted, some of them do have very shady tactics, but consumers themselves need to exercise responsibility when dealing with credit cards.

Yen_HerbalRevenue · 06-11-2009, 11:08 AM

Quote:

Originally Posted by notime

Is that even legal to charge these insane and irresponsible percentages?

Sadly it is Legal... These companies can pretty much do whatever they want. I have had my card for a few years. I always pay on time and do not carry a high balance. When I opened another card they raised my interest rate. When I noticed it and called them to get a reason why, they told me because another company ran my credit and that lowers my score so they can raise rates depending on your credit score.

I was very bullshit because what I do with another company should have nothing to do with them. I had been a great customer for years. I closed the card I was so mad.

Sly · 06-11-2009, 11:21 AM

Quote:

Originally Posted by Yen_HerbalRevenue

Sadly it is Legal... These companies can pretty much do whatever they want. I have had my card for a few years. I always pay on time and do not carry a high balance. When I opened another card they raised my interest rate. When I noticed it and called them to get a reason why, they told me because another company ran my credit and that lowers my score so they can raise rates depending on your credit score.

I was very bullshit because what I do with another company should have nothing to do with them. I had been a great customer for years. I closed the card I was so mad.

Opening up another credit card, that you could potentially max out and default on your original credit card, does affect them. That's how credit works.

STAROTICA · 06-11-2009, 02:42 PM

Quote:

Originally Posted by Sly

There is a legal limit.

Nobody is forcing anyone to use a credit card. Granted, some of them do have very shady tactics, but consumers themselves need to exercise responsibility when dealing with credit cards.

Just tell them your going to file a complaint....FTC for one.....and take you business elsewhere....

I tell them this.....your making easy $$$...now do you want to earn something or NOTHING.....FUCK with all of the bankruptcys you could play that card too.....why should all the big boys reap the rewards?

DUMBIEST BANKS....got a lock on loans you will never get out of.....lets fuck the consumer some more....its fucked up!

I would rather go to a loan shark......with them you know what you getting into.....and they dont report to the 3 major's!

seeandsee · 06-11-2009, 02:43 PM

debit on the run

notime · 06-11-2009, 02:48 PM

Quote:

Originally Posted by Sly

There is a legal limit.

Nobody is forcing anyone to use a credit card. Granted, some of them do have very shady tactics, but consumers themselves need to exercise responsibility when dealing with credit cards.

Around 20 or 30 % seems more like a shakedown then a reasonable credit facility which is usually around a healthy 3% to 8%.

Sly · 06-11-2009, 03:32 PM

Quote:

Originally Posted by notime

Around 20 or 30 % seems more like a shakedown then a reasonable credit facility which is usually around a healthy 3% to 8%.

You can barely get loans for 3-8%, inflation alone is 3-5%.

06-11-2009, 10:19 AM	#1
notime Confirmed User Industry Role: Join Date: Jun 2003 Location: cyberspace Posts: 8,020	creditcard US trend http://www.adweek.com/aw/content_dis...d6f708b827d53e Debitcards seem to be on the rise while creditcards seem to decline.

06-11-2009, 10:23 AM	#3
Sly Let's do some business! Industry Role: Join Date: Sep 2004 Location: Austin, TX Posts: 31,293	I use my credit card only. I find it easier than messing with cash and just never really got into debit... plus I get points and it is good to responsibly use your credit. Pay it off every month. __________________ Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted Windows VPS now available. Wanted: CCBill pay sites for sale

06-11-2009, 10:25 AM	#4
Rochard Jägermeister Test Pilot Industry Role: Join Date: Dec 2001 Location: NORCAL Posts: 73,067	I haven't had a credit card in like fifteen years... __________________ “The choice is no longer between right or left. The choice is between normal and crazy.” - Sarah Huckabee Sanders YNOT MAIL \| THE BEST ADULT MAILING SOLUTION

06-11-2009, 10:30 AM	#7
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,911	I have been saying that for a while that people were spending less and thats the main reason we have dropped in sales. __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!

06-11-2009, 10:31 AM	#9
Elli Reach for those stars! Industry Role: Join Date: Apr 2003 Location: Vancouver, BC Posts: 17,991	I hate using my credit cards for daily things. I reserve them for shopping online and big purchases, pretty much. Everything else is cash or debit. __________________ Make More Money with Cams and Dating at FFN.com! email: [email protected]

06-11-2009, 10:21 AM	#2
HorseShit Too lazy to set a custom title Join Date: Dec 2004 Posts: 17,513	It has nothing to do with the high interest rates or ridiculous terms

06-11-2009, 10:37 AM	#12
GetSCORECash Confirmed User Industry Role: Join Date: Mar 2008 Location: Miami Posts: 5,527	new credit cards issuers are hard to find. Bofa now owns a big portion of the new credit cards being offered. __________________ \| skype: getscorecash \| ICQ: 59-271-063 \| New Sites: \| SCORELAND2 \| Roku Channel SCORETV.TV \| 60PLUSMILFS \| \| Big Tit Hooker \| Tits And Tugs \| Big Boobs POV \| Karla James \| \| Naughty Foot Jobs \| Linsey's World \| Busty Arianna Sinn \| Get SCORE Cash \|

06-11-2009, 02:43 PM	#18
seeandsee Check SIG! Industry Role: Join Date: Mar 2006 Location: Europe (Skype: gojkoas) Posts: 50,945	debit on the run __________________ BUY MY SIG - 50$/Year Contact here