What is Digg?348 Comments
- iViper, on 10/10/2007, -2/+174At first I thought it was going to be made out of cardboard or something
- jeuhrn, on 10/10/2007, -18/+167An honest question from a european:
Why do americans keep buying stuff on credit? Why not spend money that you actually have instead? - zdiggler, on 10/10/2007, -3/+114Sound like a Capitol One card. I got one of those just getting out of highschool, Only place I used was filling up gas cost me $20 back then. When the bill came, they have annual fee 39.00+Account Activation fee 60.00+$20 gas I purchased put the card to its limits so they put $35 Over the limit fee on top of all that. I called them and I got no answer but 3 days later I got another bill. Which included Previous balance, and late fee off 45.00, plus over the limit fee (Another one) $35 and they raised my interested on top of that!
I complained and write letters to State Consumer, I settled them for $20 for that gas I purchased. But it still shows up in my credit report.
Now day CC companies are goign after highschool kids hard. If you got a 18 year old that just recently graduated, you will see. - sTiVo, on 10/10/2007, -2/+85From their privacy policy:
INFORMATION WE DISCLOSE
We may disclose the following kinds of nonpublic personal information about you.
* Information we receive from you on applications or other forms, such as your name, address, and social security number.
* Information about your transactions with us, our affiliates, or others, such as your account balance, payment history, parties to transactions, and credit card usage.
https://www.cfcapply.com/classic1mc/fbd-terms.htm# - DrMonkeyLove, on 10/10/2007, -0/+75I got mine from an old woman at an ATM. She was pissed. Wait... what were we talking about again?
- andejp12, on 10/10/2007, -0/+69Personally I use my credit card to buy things online and because I don't like to carry a lot of cash on me. That being said I do pay off my entire balance at the end of every month.
- shaunj66, on 10/10/2007, -3/+70Yes because Americans really are the only people in the world to use a credit card...
*Is from UK* - altered, on 10/10/2007, -3/+69I had high expectations of hilarity before I saw it was an actual card. But then I read the specs... hilarious!
- qbyte, on 10/10/2007, -3/+63This isn't an American thing, guy, While I agree with your statement that you shouldn't spend money that you don't have, you did your opinion a disservice by turning it into a nationalist issue. Most developed countries have a credit problem.
- Stormen, on 10/10/2007, -1/+50At the registrationform:
"If you have a good credit history this card may not be for you."
LMAO. - crash331, on 10/10/2007, -5/+47Oh, and somehow I doubt this is an "American" problem. Europeans don't have credit cards? What is it, eternally 1980 over there?
- chrisc262, on 10/10/2007, -2/+36credit cards are NOT bad. irresponsible consumers with $10,000 credit limits, some great need for 60" plasma TVs, and no self-control are bad.
- crash331, on 10/10/2007, -7/+38Probably because they don't have the money. Credit cards to them = free stuff.
- mrk0, on 10/10/2007, -16/+45These credit card companies and banks destroy society more than crime, pollution, corruption, murder, war, famine, disease and terrorism. In their current form, banks are without a doubt the worst plague on human society.
- warcin, on 10/10/2007, -1/+25Using a credit card does not mean you are spending money you don't have, if used wisely it is just convenience. I have not carried a balance on any card I have had in 5 years and with the points (hotel and car credit on mine) I have gotten some benefit from it as well. Now carrying a balance on a credit card should only happen in cases of emergency in my opinion.
- IEatHamburgers, on 10/10/2007, -0/+23* In addition, your credit card information may be discreetly sold to Korean gangsters.
- inactive, on 10/10/2007, -1/+24I DON'T READ ANY FINE PRINT BUT I AM ON THE INTERNET FRUSTRATED AND COMPLAINING ANYWAY.
- inactive, on 10/10/2007, -1/+24I say schools should teach kids personal finance. They will teach useless things like running a football, making a wooden lamp, or playing a trumpet - but not how to respect and manage credit and finance? Blows my mind. Dont blame parents - some parents are worse off than their kids would ever be. If there was anything worthy of teaching in schools, THIS is it. But no - we let kids learn these things the hard way, and then sit and blame them for their ignorance.
- Kronos6948, on 10/10/2007, -0/+21I used to work in collections, and this isn't the only card like that. First Premier does the same exact thing. These credit card companies prey on the poor and the not so bright.
- timusca, on 10/10/2007, -1/+21Unfortunately, you'rw wrong. You need some credit history to get a decent loan on a house. Not to mention, by your advice, I wouldn't own a house for 40 years if I had to save up 100% for one and "not spend money I don't have" since I would also have to pay rent on an apartment while trying to save up.
A loan is better than throwing money out the window on an apartment that you'll never own. Or living in your mom's basement. - PhairOh, on 10/10/2007, -0/+19$10/month, but it's all charged in the first month, which makes it come out to $120 a year.
- Azuroth, on 10/10/2007, -1/+20Yeah, my capitol one card has no fees, and a 7.9% APR. If you get a card that requires a minimum monthly payment, and you don't pay it, of course your rate is going to go up. Learn to use a CC properly, and they work just fine.
- EBFoxbat, on 10/10/2007, -0/+18I have worse cards. 29.99% with overage and late fees of $59. Granted the credit limit is a bit higher.
- tizz66, on 10/10/2007, -0/+18I'm English, but I can't believe you asked that question. The UK has one of the highest credit card spending levels - that's not a bad thing necessarily if we can handle it, but still, we use credit cards more than just about anywhere else.
I personally don't have a credit card, I prefer to spend money I have, makes it much easier to manage. I take advantage of interest free credit deals in big purchases where I can, but otherwise I have no problems paying up front for everything I buy. - bigteebo, on 10/10/2007, -0/+18There's a $99 fee for processing the other fees.
- Aslander, on 10/10/2007, -0/+17Plain and simple, rewards. 2-3% back on everything you buy adds up quickly.
- AnteChronos, on 10/10/2007, -0/+15"Credit cards are pure evil"
Only if you're irresponsible. - fuzzynyanko, on 10/10/2007, -0/+15Considering the fine print, I'm surprised that there's no clauses in there for touching.
- NSResponder, on 10/10/2007, -2/+15Shouldn't they just call this the "***** you for being poor" card?
-jcr - dykast, on 10/10/2007, -0/+13The best card you can get to start rebuilding your credit with bad to no credit is a Target(the store card, not the store and visa card) credit card. They will approve just about anyone. No fees, and they start you off with a $100-200 limit and it will keep rising if you are good with your payments.
If you are serious about fixing your credit and/or getting your credit score raised, the best resource on the internet it www.creditboards.com . You can find all the information you will ever need with lots of friendly help. - jeuhrn, on 10/10/2007, -2/+15I'm from Norway, and perhaps credit is more normal in continental europe. Here most people only use their debit cards, so when you're out of money, it simply says stop. A lot of people have credit cards too naturally, but don't use them until that once when they have to use it for something necessary like food.
But if you're using a credit card just like a debit card by paying off the balance each month, what's the use? - Error601, on 10/10/2007, -1/+14People trying so hard to excuse lack of personal responsibility....
- skinrock, on 10/10/2007, -4/+16Yes it's a bad credit card, but that's what happens when you lose the banks' trust. Do you really think you can destroy your credit and have a bank say "that's okay, have 0% with a limit up to $5000 on us"?
- SuperCujo, on 10/10/2007, -2/+13No it isn't. It is because rich people are a lower risk and therefore don't need to be charged all those fees just so the institution can make a profit.
- GiJoeBob, on 10/10/2007, -8/+19Most Americans have become spoiled and want "the good life" right now instead of waiting and saving. Sad really.
- Nougat, on 10/10/2007, -1/+12Capital One was pretty bad when they first started. They're better now, at least if you're in your late 30s with good credit.
- inactive, on 10/10/2007, -0/+11You dont need to be rich to have a good credit score, you just need to pay your ***** bills on time. Credit score has nothing what so ever to do with income.
- Audiophile27, on 10/10/2007, -4/+15lol pay 25$ for every 1$ you use good deal man
/s - MiNGLED, on 10/10/2007, -0/+10Credit cards don't create debt, people do.
- GruntboyX, on 10/10/2007, -1/+10i find it funny that refer to the credit cards terms as "specs"
- Jeffler, on 10/10/2007, -1/+10So thats why I can't afford to put anything on my card....
- deadlyrice, on 10/10/2007, -0/+9cross country bank is just as bad. so bad in fact they got sued by 7 different states...
- hidetheice, on 10/10/2007, -1/+10You can't blame it on the bank or credit card company. What happened to being an educated consumer and reading the fine print? Make sure you do your homework and you will stay out of trouble.
- bob12321, on 10/10/2007, -4/+13Why don't people just get a debit card linked to a checking account (they usually have little or no fees) and it is imposable to spend more money then you have.
- inactive, on 10/10/2007, -2/+11To ***** bad. The stupid exist to be preyed on by the rest of the world, thats their lot in life.
- MacEnvy, on 10/10/2007, -0/+9Yes. In other words, non-public information. That is to say, private information.
Trouble with reading comprehension? - matthewf01, on 10/10/2007, -2/+11an 18 year old?
- aaronm67, on 10/10/2007, -2/+11You should consider getting a no-fees credit card. It's not hard to find one with ~25% APR, and a $700+ starting credit limit, and just use that instead of your debit card (unless you need cash).
If you pay off your card every month, then you're charged no interest, and you wlil get some fairly nice rewards along with building your credit. I recently got a BP card with 5% on all gas purchases, which adds up pretty quickly. As long as you track your spending and make sure you're not spending more money then you make, credit cards can be very useful. - joebednarz, on 10/10/2007, -1/+10Here is an interesting calculation... how much would it cost me to raise my credit limit to $2000???
$247 initial processing fees
$425 fees to increase limit (costs $25.00 per $100.00 limit increase, $100 max increase, every 180 days)
$416 in yearly fees (since you can only increase every 6 months, 8.5 years of fees before my new $2000 limit)
$1020 in "maintenance fees" (again 8.5 years of the $10.00/month)
And the grand total?
$2108 (!) -- and that is if you don't charge a dime on this card and pay it off before the interest hits!
Wow! - inactive, on 10/10/2007, -2/+10Uh, no, people who spend within their means and are honest enough to stand by their agreements are rewarded with lower interest rates and better deals.
I can see if you get some catastrophic disease or lose a ton of money in business, but otherwise a credit score is really a character score. Low score = scumbag. -
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