Comments on: Cover your bases when shopping for a new credit card

By: Mitzymy

Mitzymy — Mon, 24 Aug 2009 01:06:59 +0000

My Master Card, owned by HSBC, sent me a notice in January that they were removing my account from a fixed rate to a variable rate. When I called them they said that they were moving all of their accounts, not just mine. It seems that someone in congress tipped them off to what was comming. I just wish they would allow the intrest we pay on the credit card, to again me deducted on our tax returns. It used to be that way, but the republicans changed it. I pay $130. per month on $5k, and $80. of it goes toward intrest.

By: FaceSitter

FaceSitter — Mon, 24 Aug 2009 00:05:33 +0000

Stop going to the Cheetah every weekend and you won’t need credit cards.

By: Sue

Sue — Mon, 24 Aug 2009 00:00:44 +0000

That should be “cold blooded.”

By: Sue

Sue — Sun, 23 Aug 2009 23:59:45 +0000

Sarge, it must be something to be so all-knowing, abolutely correct, and cold blodded in your thinking. While there are certanly many who have handled their finances irresponsibly, there are also many who have been caught by high medical bills, lay-offs, and other understandable reasons for running up high credit card balances they would much rather not have. You need to be a little slower to speak in absolutes.

By: The Sarge

The Sarge — Sun, 23 Aug 2009 23:03:58 +0000

When I was in school, they didn’t waste instructional time on “how to use credit”…the 12-year pipeline was barely long enough to master the 3-Rs. As I became an adult, I, like millions before, during and after, fell into the “credit card ambush” which seems to be the mania of the day. Unlike many, I “applied gray matter” to the situation and learned to manage my affairs. Are people really that idiotic, stupid, and what ever descriptive there may exist to identify one with absolutely no brain cell activity whatsoever? The current state of widespread credit card woe can best be attributed to ignoring or misunderstanding “the hot stove rule”…if, upon touching the stove, you find it to be hot, it is in your best interest to remove said finger which lies upon the hot stove, lest you become burned. IF YOU GET BURNED, YOU HAVE NO ONE TO BLAME BUT YOURSELF! Not the nasty ole banks, not the lame duck govt which allows the nasty ole banks to be nasty, BUT YOU!

By: reality

reality — Sun, 23 Aug 2009 22:07:54 +0000

Want to really save money? Do not use credit cards at all.