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i used to have two credit cards... a capital one card at like 8%, and a chase one at 22% that gave me cash back on gas. capital one has increased my rate over the past two years, and chase has dropped it, so now they've inverted completely and the chase is at 10% and capital one is at 13%. without me really paying attention! so now i have to switch my mental states around, quit using the capital one card entirely. it's weird. i even called them about it a few months ago and asked what's up, there wasn't much the guy could do for me.

i used to be one of those "always pay the balance" people. not lately though; everything was too complicated. i pay most of it though. enough of it that i shouldn't be punished with an increasing interest rate.

we're home right now. we're leaving again tomorrow. I feel like this vacation has had no home time, and it's given me some anxiety.


( 5 comments — Leave a comment )
Dec. 30th, 2008 07:29 pm (UTC)
There's an even easier way: just use a debit card for everything like I do. I don't see any reasonable point in having a credit card. It does, however, kind of suck when trying to deal with apartments and such because everyone wants to do a credit check. Apparently "wise enough to never incur any debt" doesn't count for as much as it ought to. Nor do all the references from previous landlords saying how I've always paid on time and was a model tenant.

Nope, they want proof that I got credit I never needed just so I could experience the fun of owing people money without any reasonable need to do so.

Before debit cards I could understand having a card and diligently paying it off every month, but when your bank gives you a debit card now... why even go through the hassle? There's no need to bother with it at all.
Dec. 31st, 2008 08:49 pm (UTC)
because debit cards scare me! the second I forget what my balance is and buy a $3 snapple when there's no money in there, it becomes a $40 snapple? or I have to wait three days to write my rent check because i can't remember every thing i might have bought with the debit that hasn't caught up yet? nah, that freaks me out.
Jan. 1st, 2009 12:42 am (UTC)
I don't bother to balance anything and I generally have little to no actual money and I've never had an issue with this ever.

Just don't live paycheck to paycheck and it shouldn't be a problem. If you're living within your means there's no issue with it at all. Plus, it's not like you can't check your balance online.
Jan. 1st, 2009 04:05 am (UTC)
Right. If your primary checking account is hovering around $3, Snapples should be the last of your worries.

I do use a debit card for everyday things but I always have an idea of what's in it. The tricky part is stuff like rent checks and online transactions that take days or weeks and hit at random times. That's why I check my balance online. Super simple.

Only time I tend to use a credit card is during business/government travel. I do have a personal CC on hand in case of dire emergency, but even then I'd think about using it. Would be more likely to pull from a zero/low penalty CD first.

Bottom line is: the US credit system is wacky beyond belief. Credit scores aren't a measure of how trustworthy or liquid you are, they are a metric of how much moolah a creditor stands to earn from you in the medium term.
Jan. 5th, 2009 07:45 pm (UTC)
It's better to use credit cards for things like online purchases or buying gas at slightly-shady service stations. Using a debit card gives people access to your bank account, and there are more roadblocks to getting money back that's been stolen from it than there are with canceling a credit card purchase.
( 5 comments — Leave a comment )

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