Discover Card is KILLING ME!!!

[Scam of God]

Why am I not surprised?

Protip: Practice what you preach. Stop using credit cards.

[Scam of God]

Why am I not surprised?

Protip: Practice what you preach. Stop using credit cards.

I see that your stupidity is continuing to increase.

But it's terribly hard for it to keep up with the rate of your debt.

[Scam of God]

Why am I not surprised?

Protip: Practice what you preach. Stop using credit cards.

I see that your stupidity is continuing to increase.

But it's terribly hard for it to keep up with the rate of your debt.

and I see your lack of reading comprehension is also continuing to increase.

Why do you feel the need to own a credit card in the first place, let alone use it? If you need to make transactions on-line, get a Paypal account or a debit card. I have never, do not, and will never own a credit card, and even if that means I can't be an expert consumer, I'll happily do without.

[Scam of God]

Why am I not surprised?

Protip: Practice what you preach. Stop using credit cards.

I see that your stupidity is continuing to increase.

But it's terribly hard for it to keep up with the rate of your debt.

and I see your lack of reading comprehension is also continuing to increase.

Why do you feel the need to own a credit card in the first place, let alone use it? If you need to make transactions on-line, get a Paypal account or a debit card. I have never, do not, and will never own a credit card, and even if that means I can't be an expert consumer, I'll happily do without.

because I make at least $1000.00 per year of tax free income (which is equivalent to me making $1700.00 of taxable income) off my credit card...Because using a credit card is safer than cash...Because it insulates my banking account...Because it provides me leverage against the lender in disputes, which I would not have if I paid using cash or a debit card...Because it allows me to continue to draw interest off my own money instead of paying up front in cash...Because it supports my credit rating...And even my paypal account is tied to my credit card (which I'm sure is quite aggravating to paypal)...

In other words, you want to bilk the companies out of money. Niiiiiice.

[Scam of God]

In other words, you want to bilk the companies out of money. Niiiiiice.

accepting credit card rewards is "bilking companies out of money"?  P.S. we also clip coupons and plan a lot of our purchases to coincide with upcoming sales, so I have multiple ways of "bilking companies out of money"!!!

[note to self: do not use the show button anymore, just trust your initial judgment in placing someone on ignore.]

Yes, it is, though not one entirely unintended on their part: the credit card companies expect rubes like yourself to attempt to do it, so that they can hammer you in the future.

"And Jesus said, 'Thou shalt live beyond thy means.'"

[Scam of God]

In other words, you want to bilk the companies out of money. Niiiiiice.

accepting credit card rewards is "bilking companies out of money"?  P.S. we also clip coupons and plan a lot of our purchases to coincide with upcoming sales, so I have multiple ways of "bilking companies out of money"!!!

[note to self: do not use the show button anymore, just trust your initial judgment in placing someone on ignore.]

Yes, it is, though not one entirely unintended on their part: the credit card companies expect rubes like yourself to attempt to do it, so that they can hammer you in the future.

"And Jesus said, 'Thou shalt live beyond thy means.'"

Umm, Einzige....I don't defend jmfcst often....but how is he living beyond his means if he pays the full amount he owes every month?

By deferring payment until he has the money for it. It may not be a severe case of it, but it's nevertheless dishonest on a fundamental level and tends to be a gateway to personal irresponsibility.

As you can plainly see, I hate credit cards.

[Scam of God]

In other words, you want to bilk the companies out of money. Niiiiiice.

accepting credit card rewards is "bilking companies out of money"?  P.S. we also clip coupons and plan a lot of our purchases to coincide with upcoming sales, so I have multiple ways of "bilking companies out of money"!!!

[note to self: do not use the show button anymore, just trust your initial judgment in placing someone on ignore.]

Yes, it is, though not one entirely unintended on their part: the credit card companies expect rubes like yourself to attempt to do it, so that they can hammer you in the future.

"And Jesus said, 'Thou shalt live beyond thy means.'"

homer, why do you make such statement without knowledge of the individual?  I haven't had credit card debt since July 1994 (3 months after I was married) and even before that the most I ever had was 5k of credit card debt.  And since then I have made far more off of credit cards than the interest I paid.

Doesn't matter. The fact alone that you're reliant on credit cards for major purchases denotes two things to me:

1. That you shouldn't be making those purchases, and

2. That you are attempting to live beyond your immediate means.

[Scam of God]

Doesn't matter. The fact alone that you're reliant on credit cards for major purchases denotes two things to me:

1. That you shouldn't be making those purchases, and

2. That you are attempting to live beyond your immediate means.

again, you have no idea of my situation.  I'm simply attempting to pay the lowest price and to defer payment so that I can keep my money working for me (earning interest, etc) as long as possible before paying the bill.  I have more than adequate means to pay up front, and could survive for years on my savings alone, but I simply choose not to liquidate CDs, stocks, etc.

If you had taken the time to read the initial post, and if you were reasonable and understood anything about money, you'd see that this is not about gong into debt; rather it is about how the restriction of credit is forcing diversion of cash flow in consumers with good credit.  And if the lack of credit is forcing diversions in cash flow, then it is certainly hurting economic growth because businesses, even those with strong balance sheets, are having to forego investments in order to divert cash to meet their daily business activities....which is one of the reasons why businesses are sitting on trillions of dollars in cash and not expanding and hiring.

Again, I don't care. If you rely on credit cards for major purchases, then you ought to expect to get dicked over. That applies to anyone.