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Wednesday, May 21, 2008 | Do You Get Turned Down on Credit Cards? | 
A Platinum Credit Card You Can Believe...
When people get credit cards, they go off on them. Now, I've heard so many people say they will only use their card in an emergency. But then, the taste of credit gets in their mouths and they go off on the card.
Starting off with good intentions is what they always do. Months later, they are deep in debt and wondering how they are ever going to get out of debt. That's the shame about credit.
Now, I think people should be responsible with their credit. But, I know that the credit cards have the entire game stacked on their side. That's why legislation is being pushed to make the rules more fair.
Excessive rates are no longer allowed.
Contracts that have excessive terms are no longer allowed.
Incentives even exist to help people get out of debt and to wipe the slate clean.
I once received a credit card in the mail and I threw it away because the rate was 24% and there was a huge activation fee as well as a huge annual fee that would have been applied to my balance right off the bat. I would have been left with credit of about $100 and I didn't need the card in the first place.
I wasn't sure why they were sending me a card. I didn't need any credit boost. I don't have the best credit, but I can get what I need. I threw the card away.
A month later, I received a statement from the credit card company. I flipped. I wrote them back and asked them to verify that I have a credit card with them. In fact, at the time I had forgotten about throwing the card away.
They never answered and then it took me months to get their card off of my credit report. That was round and round. You have to protect your credit.
Get only legitimate credit cards. And if you're going to use them, make sure you have the money to pay the balance.
A friend of mine uses his credit card for everything. He pays his bills online and he does his monthly shopping with it. But, he saves his money and collects the interest. Then, when the statement comes he sends the payment in full on the due date. That gives him a few extra weeks with the money in his savings account.
If anyone were going to have a credit card, I would suggest that you do it that way. But, good credit cards do exist and I think everyone should have one just in case.
Advanta Life-of-Balance Platinum Card
| Posted by Webmaster 7 months, 2 weeks ago.
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