credit cards

10-23-2007, 07:31 PM

how many do you have? Personally I have none, I hate credit cards, I only use my debit card.

jlevernier · 10-23-2007, 08:02 PM

About 20 gazillion, but only two with balances on them. Being self-employed, I carry debt early in the year and get it paid off towards the end of the year.

--Jenny L

imported_jenniferp417 · 10-23-2007, 08:04 PM

I have none. I have had issues in the past and just don't trust myself with them. DH has one but we have separate finances so it's his not mine and I never touch it.

Jennie4PC · 10-23-2007, 08:05 PM

We only have 1 and that is to be used in case of an emergency right now it has a little balance but not much

jlevernier · 10-23-2007, 08:10 PM

Debit cards are great for the consumer, not so great for the business. What a great idea the credit card companies had! As a business, my % is higher if someone uses a debit card than it is if they use a credit card. A Debit card is "out of the credit card system" so it costs more to collect it.

--Jenny L

urbnk8 · 10-23-2007, 08:23 PM

We have way too many and cannot afford to pay on all of them right now. We are trying hard but my hubby just got laid off last week. Not helpful! I can't wait to someday get rid of the cc's! They are very destructive! I wish I were like you guys!

jlevernier · 10-23-2007, 10:18 PM

Urbnks8,
Call them all immedietly and ask them if they can give you a lower interest rate! Don't wait until you get behind on them. If you've been consistently paying and haven't missed any payments, they will usually do that. Even if it's only a 1/2%, it's worth the phone call. Everyone should call for an interest reduction once or twice a year. It never hurts, and often times you get results.

Of course, this is just a suggestion.

--Jenny L

Cassie1037 · 10-24-2007, 05:20 PM

DBF has one and I have two. Unfortunately, this year we had to live off of them for a while, DBF got laid off then finally found another job (in a new industry) but the new job was a $21,000 pay CUT. So, needless to say it's been hard to get caught up.

:thumbsdown:

Carissidy · 10-24-2007, 05:37 PM

Quote:

Originally Posted by jennie4pc

We only have 1 and that is to be used in case of an emergency right now it has a little balance but not much

me too, and the limit is rather low... I got rid of all of them!

crystalscookingnow · 10-24-2007, 05:38 PM

We have one that is used for emergencies or online transactions.

We have a ton that show active/open but no activity on them on my dh's credit report. How do I go about closing all of those? It's from when he was married before. They don't have any activity, they're only in his name, but they still have available credit. We haven't gotten anything or any new cards for them since we've been married (almost 4 years).

10-24-2007, 06:28 PM

Quote:

Originally Posted by crystalscookingnow

We have one that is used for emergencies or online transactions.

We have a ton that show active/open but no activity on them on my dh's credit report. How do I go about closing all of those? It's from when he was married before. They don't have any activity, they're only in his name, but they still have available credit. We haven't gotten anything or any new cards for them since we've been married (almost 4 years).

I would talk to a credit counsler to see if it is best to leave them open or close them. This will be important if you are planning on making any large purchases in the near future like a new car or house.

10-24-2007, 06:28 PM

We have 1 major and 1 for home depot. We try not to use either one.

imported_heat123 · 10-24-2007, 07:54 PM

Alot but I only use my Milage card and my PC card.

chef_kimmo · 10-24-2007, 10:53 PM

I have a few and have been trying to not use them. I have used a couple to get past tight times and now I am working hard to get more shows so I can pay them off. Working toward being debt free. It is hard when I need to book a flight for Leadership because I will need put the flight on a card.

bethsbiz · 10-24-2007, 11:26 PM

My hubby and I HAD 14 cards (including store and gas cards); we recently refinanced and paid everything off. We now carry only 3 cards total; 1 am-ex that must be paid off monthly; 1 gas card; and 1 regular card for emergiences that we agree on are emergencies. We do debit card for most things when we do not have cash or places don't take checks.

This was the result of a lot of introspection...we were way overmaxed for years. Now, we have a solid level of peace regarding our credit.

jlevernier · 10-24-2007, 11:30 PM

Is it harder to keep control of the credit cards when two people are spending on them?

--Jenny L

Teresa Lynn · 10-25-2007, 05:25 PM

Jenny,
you're post made me laugh!
Our sons each have a card on our Master card acct
It cracks me up when the bill comes & our son in high school checks the statement & tells me which were his charges versus the son at college. then he starts telling me and this charge is this much because ..........

jlevernier · 10-25-2007, 08:40 PM

Quote:

Originally Posted by Teresa

Jenny,
you're post made me laugh!
Our sons each have a card on our Master card acct
It cracks me up when the bill comes & our son in high school checks the statement & tells me which were his charges versus the son at college. then he starts telling me and this charge is this much because ..........

Teresa,
Do you put a spending limit on them?

--Jenny L

Teresa Lynn · 10-26-2007, 08:06 AM

no,
when they turn 16 we get them a card for gas, things I need them to pick up, fast food, clothes since they no longer like what I pick out, etc. (we pay their gas and insurance)
One time our oldest didn't want to break a $20 so he used his cc for a hershey bar.
they are responsible If I send them to the grocery store they pick out extras but they do not over spend....

SKwong · 11-11-2007, 03:37 PM

I have one. I love it because we get reward points which equate to about $100 every 3-4 months which really adds up. We pay it off every month and it's much more convenient than cash.

10-23-2007, 07:31 PM	#1
Admin Greg Posts: n/a Best Show: Experience: # of Shows:	credit cards how many do you have? Personally I have none, I hate credit cards, I only use my debit card.

10-23-2007, 08:02 PM	#2
jlevernier Location: Minnesota Posts: 211 Best Show: 1,500 Experience: 4 # of Shows:	About 20 gazillion, but only two with balances on them. Being self-employed, I carry debt early in the year and get it paid off towards the end of the year. --Jenny L

10-23-2007, 08:04 PM	#3
imported_jenniferp417 Posts: 57 Best Show: Experience: # of Shows:	I have none. I have had issues in the past and just don't trust myself with them. DH has one but we have separate finances so it's his not mine and I never touch it.

10-23-2007, 08:05 PM	#4
Jennie4PC Location: Elko NV Posts: 2,995 Best Show: 1200 Experience: 3 # of Shows: 100+ My Mood:	We only have 1 and that is to be used in case of an emergency right now it has a little balance but not much

10-23-2007, 08:10 PM	#5
jlevernier Location: Minnesota Posts: 211 Best Show: 1,500 Experience: 4 # of Shows:	Debit cards are great for the consumer, not so great for the business. What a great idea the credit card companies had! As a business, my % is higher if someone uses a debit card than it is if they use a credit card. A Debit card is "out of the credit card system" so it costs more to collect it. --Jenny L

10-23-2007, 08:23 PM	#6
urbnk8 Location: Superior, WI Posts: 403 Best Show: 774.13 Experience: <1 # of Shows: 30 My Mood:	We have way too many and cannot afford to pay on all of them right now. We are trying hard but my hubby just got laid off last week. Not helpful! I can't wait to someday get rid of the cc's! They are very destructive! I wish I were like you guys!

10-23-2007, 10:18 PM	#7
jlevernier Location: Minnesota Posts: 211 Best Show: 1,500 Experience: 4 # of Shows:	Urbnks8, Call them all immedietly and ask them if they can give you a lower interest rate! Don't wait until you get behind on them. If you've been consistently paying and haven't missed any payments, they will usually do that. Even if it's only a 1/2%, it's worth the phone call. Everyone should call for an interest reduction once or twice a year. It never hurts, and often times you get results. Of course, this is just a suggestion. --Jenny L

10-24-2007, 05:20 PM	#8
Cassie1037 Location: Oregon... go DUCKS!!! Posts: 370 Best Show: $$$ Experience: 3 # of Shows: My Mood:	DBF has one and I have two. Unfortunately, this year we had to live off of them for a while, DBF got laid off then finally found another job (in a new industry) but the new job was a $21,000 pay CUT. So, needless to say it's been hard to get caught up. :thumbsdown:

10-24-2007, 05:38 PM	#10
crystalscookingnow Location: Illinois Posts: 2,621 Best Show: 1250 Experience: 3 # of Shows: 140 My Mood:	We have one that is used for emergencies or online transactions. We have a ton that show active/open but no activity on them on my dh's credit report. How do I go about closing all of those? It's from when he was married before. They don't have any activity, they're only in his name, but they still have available credit. We haven't gotten anything or any new cards for them since we've been married (almost 4 years).

10-24-2007, 06:28 PM	#12
imported_Nikkijo Posts: n/a Best Show: Experience: # of Shows:	We have 1 major and 1 for home depot. We try not to use either one.

10-24-2007, 07:54 PM	#13
imported_heat123 Posts: 189 Best Show: Experience: # of Shows:	Alot but I only use my Milage card and my PC card.

10-24-2007, 10:53 PM	#14
chef_kimmo Location: Houston Posts: 2,966 Best Show: $2,845 Experience: 5 # of Shows: My Mood:	I have a few and have been trying to not use them. I have used a couple to get past tight times and now I am working hard to get more shows so I can pay them off. Working toward being debt free. It is hard when I need to book a flight for Leadership because I will need put the flight on a card.

10-24-2007, 11:26 PM	#15
bethsbiz Location: Lewiston, Idaho Posts: 284 Best Show: $1453 Experience: 6 # of Shows: 526 My Mood:	My hubby and I HAD 14 cards (including store and gas cards); we recently refinanced and paid everything off. We now carry only 3 cards total; 1 am-ex that must be paid off monthly; 1 gas card; and 1 regular card for emergiences that we agree on are emergencies. We do debit card for most things when we do not have cash or places don't take checks. This was the result of a lot of introspection...we were way overmaxed for years. Now, we have a solid level of peace regarding our credit.

10-24-2007, 11:30 PM	#16
jlevernier Location: Minnesota Posts: 211 Best Show: 1,500 Experience: 4 # of Shows:	Is it harder to keep control of the credit cards when two people are spending on them? --Jenny L

10-25-2007, 05:25 PM	#17
Teresa Lynn Location: Terrell Texas Posts: 2,939 Best Show: $2,424 Experience: 14 # of Shows:	Jenny, you're post made me laugh! Our sons each have a card on our Master card acct It cracks me up when the bill comes & our son in high school checks the statement & tells me which were his charges versus the son at college. then he starts telling me and this charge is this much because ..........

10-26-2007, 08:06 AM	#19
Teresa Lynn Location: Terrell Texas Posts: 2,939 Best Show: $2,424 Experience: 14 # of Shows:	no, when they turn 16 we get them a card for gas, things I need them to pick up, fast food, clothes since they no longer like what I pick out, etc. (we pay their gas and insurance) One time our oldest didn't want to break a $20 so he used his cc for a hershey bar. they are responsible If I send them to the grocery store they pick out extras but they do not over spend....

11-11-2007, 03:37 PM	#20
SKwong Posts: 76 Best Show: Experience: # of Shows:	I have one. I love it because we get reward points which equate to about $100 every 3-4 months which really adds up. We pay it off every month and it's much more convenient than cash.