They Say I'm 'Exceptional'.

[Industrial Toys]

I have a crazy high limit on my cc that I never use the slightest portion of. In the bank last week and the teller asks if I want an increase. How Stupid? I don't get it. I said, I don't need it but would take it just for bragging rights.

Indian calls me at 7 AM this week to say that some suspicious activity was noticed for on line purchase on my CC. I say, that was me. He says, are you sure? I say yes, thank him for his good work and hang up.

 

[Bird]

I have a crazy high limit on my cc that I never use the slightest portion of.

Yep, I have never, and undoubtedly will never, use one tenth of my limit.:laughing:

 

[fruitcakesa]

After 35+ years of paying cash or check for everything and having no credit score, my wife got a credit card and I got one as an authorized user.
30+ years later we both have credit scores in the 800's with very high CC dollar limits.
During this time we still have never "borrowed" money for any other item except using the CC's which we pay off every month.
I use the card to pay most of my business expenses so I rack up relatively high bills during our working season but also get decent cash back rewards .
After decades of cash bought used cars, my wife bought a new car and financed it.

 

[Gary Fowler]

I assume everyone knows that credit scores are based on using credit.

A year ago my score was 830+. I paid off my house and canceled power/gas etc....(moved) I owed nobody for a year. I did have a Visa card for gas and whatever that is paid off fully each month, as it has been for my entire life. Now my credit score is like 770 with no debt and I've never been late on anything EVER. So how does it go down???

The whole system is based on being in debt and making the payments. Not really fair to those of us who save up and pay cash for most everything.:confused3:

Same here, no debt, no late payments, no defaults but only have a 780 credit score. I only use one credit card to make online purchases. Wife has a couple that she uses at department stores. I bet her credit score is higher than mine (never checked it) but she gets letters frequently wanting her to apply for credit cards, I never get any.

 

[atsah]

she gets letters frequently wanting her to apply for credit cards, I never get any.

I get at least two per week, they go into the wood stove after I take all the plastic out of them..

 

[fried1765]

I get at least two per week, they go into the wood stove after I take all the plastic out of them..

I like to play with them!
Just got another offer...
Sign up for new card.... charge $500 on card before June 30th,..... receive one time $150 cash bonus.
He!! yes!
I have done this a few times.
Pay the card off within 23 days of billing date.
Wait for the $150,..... do not use the card ever again.
Then ....several months later...cancel the card.
"I changed my mind"
= free $150

 

[atsah]

I like to play with them!
Just got another offer...
Sign up for new card.... charge $500 on card before June 30th,..... receive one time $150 cash bonus.
He!! yes!
I have done this a few times.
Pay the card off within 23 days of billing date.
Wait for the $150,..... do not use the card ever again.
Then ....several months later...cancel the card.
"I changed my mind"
= free $150

Good idea..

 

[Industrial Toys]

I did that with Home Depot once. Got a card for some introductory offer. Bought Solution Dyed Nylon Commercial Carpeting, which I made them price match at a really low price. I bet they lost money on that deal. And, I never touched the card again after that. It's despicable how they try and set these traps to get people to fall into debt.

 

[atsah]

It's despicable how they try and set these traps to get people to fall into debt.

It sure is. Predatory lending at it's best.

 

[ovrszd]

I did that with Home Depot once. Got a card for some introductory offer. Bought Solution Dyed Nylon Commercial Carpeting, which I made them price match at a really low price. I bet they lost money on that deal. And, I never touched the card again after that. It's despicable how they try and set these traps to get people to fall into debt.

I don't believe they ever lose money.

 

[PILOON]

Years back I wanted a moderate loan and the bank refused me as they could not get a credit reference.
There was a 'Household finance' across the street so I went in and borrowed $50.00 and repaid it the next day.
Following that I returned to the bank and they approved my loan as I had established a credit record.

All my cars have been cash transactions,
Very frustrating as the pressure to finance is unbearable as is the pressure to purchase extended warrantees.

I also use my bank's system to pay off credit cards on time as I won't rely on the postal system to deliver on time.
Only my phone and hydro bills are paid at the bank (on time) as both have been known to sneak in automatic extras that I would not always catch if I were on paperless automatic payements.

And, NO, I don't wish to participate in 'on line banking'.
LOL, enough problems with current amount of passwords as it is, besides what is a totally secure one anyway, even the gov't gets hacked.

 

[Industrial Toys]

I also have ZERO interest in On-Line banking. About as much as being put through to someones VM. Maybe if they pay me for every minute I have to try and figure it out. Also, no interest in a debit card. I use my credit card for almost everything and pay it off every month. If something goes wrong, or there is fraud, they fix it quickly. Try getting your money back if someone defrauds you and takes money out of your bank account.

 

[fried1765]

I also have ZERO interest in On-Line banking. About as much as being put through to someones VM. Maybe if they pay me for every minute I have to try and figure it out. Also, no interest in a debit card. I use my credit card for almost everything and pay it off every month. If something goes wrong, or there is fraud, they fix it quickly. Try getting your money back if someone defrauds you and takes money out of your bank account.

It baffles me how many people are afraid of credit card fraud.
Many are even afraid to use E-Bay, because they worry about credit card fraud.
Why?
If your credit card is used fraudulently, the credit card company will pick up the tab.

Someone apparently cloned my card, and charged $800 worth of gasoline in Orlando.
I was in Nova Scotia for the summer.
Credit card company stopped my card.
I called to ask why. They explained.
They ate the charge.

I LOVE my credit cards!
One pays me 5% on gas, groceries, and drugs ($400 max payout).
Another pays 3% on HD, Lowe's (I also get 10% mil. disc. at HD & Lowe's), hardware stores, and office supplies.
3rd one pays 2% on anything & everything.

I charge EVERYTHING that I can.
All due dates are set the same.
I pay each card off every month.

Got over $1000 cash back last year.

 

[LittleBill21]

It baffles me how many people are afraid of credit card fraud.
Many are even afraid to use E-Bay, because they worry about credit card fraud.
Why?
If your credit card is used fraudulently, the credit card company will pick up the tab.

Someone apparently cloned my card, and charged $800 worth of gasoline in Orlando.
I was in Nova Scotia for the summer.
Credit card company stopped my card.
I called to ask why. They explained.
They ate the charge.

I LOVE my credit cards!
One pays me 5% on gas, groceries, and drugs.
Another pays 3% on HD, Lowe's, and Office supplies.
3rd one pays 2% on anything/everything.

I charge EVERYTHING that I can.
I pay each card off every month.

Got over $1000 cash back last year.

which card does 5% on gas? is it revolving?

 

[fried1765]

which card does 5% on gas? is it revolving?

It is a VISA card, and is NOT revolving.
$400 max rebate per 12 months (get 5% back on $8000 total yearly purchases).
When I reach the $8000 total I stop using that card, and go to the 2% on everything card.

 

[LittleBill21]

It is a VISA card, and is NOT revolving.
$400 max rebate per 12 months (get 5% back on $8000 total yearly purchases).
When I reach the $8000 total I stop using that card, and go to the 2% on everything card.

mind giving the exact card? no annual?

 

[Industrial Toys]

My bank as I said sees fit to give me a stupid high limit card. I wanted a low limit card for E-Bay to Protect the Banks Interests. They made it so difficult being self employed that I just said forget it. Then I get one from a complete stranger wandering around a supermarket trying to solicit Presidents Choice MC. Do the Banks realize how STUPID they appear? Oh, and then my bank is ALWAYS sending me preapproved loan offerings and offering them up at the teller window. But a low limit card, oh, no way, you can't have that.

 

[LittleBill21]

My bank as I said sees fit to give me a stupid high limit card. I wanted a low limit card for E-Bay to Protect the Banks Interests. They made it so difficult being self employed that I just said forget it. Then I get one from a complete stranger wandering around a supermarket trying to solicit Presidents Choice MC. Do the Banks realize how STUPID they appear? Oh, and then my bank is ALWAYS sending me preapproved loan offerings and offering them up at the teller window. But a low limit card, oh, no way, you can't have that.

Not really sure why you had trouble reducing your limit

i lower all my credit limits and lock them. its usually less then a 3 minute call. i say lower my credit limit to xxxx. and lock it at this limit. they say ok and i hang up. thats been the case for all my credit cards.

 

[Industrial Toys]

No, I wanted a second card fior Internet only, like $500.00 or so. They keep trying to raise that! Not sure how easy Presidents Choice MC is to deal with on fraud matters.

What REALLY ticks me off is I use my card at a gas station to buy a hundred bucks of fuel, go next door to buy a five dollar hamburger and the card is declined. I make a scene and fool of myself, insisting their system or equipment must be at fault.

Then find out (later) , there was a suspicion of fraud and the bank cancelled the card. Nice of them to tell me. And they won't even tell me where the matter started so I can protect myself in future. The criminals privacy has to be protected!

THEN, I have to go through all the hassle of fixing the automatic payment stuff.

 

[atsah]

I used cards all the time UNTIL I was buying gas and the card was declined, and yet again at the grocery store, made me feel like an idiot, there was no balance on the $5000 credit limit, they closed the account because I hadn't used it for a while and didn't let me know. I closed three accounts as soon as I got home, I keep one that I use for gas at least once a month they can keep the rest..

Credit card company's aren't in business to make sure your purchases are covered if fraud is evident or to give you money back, they sit and wait for an emergency high dollar item that you need immediately and don't have the money for and probably wont be able to cover within 20 days. It's a matter of time before that happens and they know it..

People have ups and downs through life, credit card company's wait for the downs and then give you a swift kick in the you know what as soon as the card holder is at there worst, nice people they are..