Should I get a Credit Card?

[redmanjp]

wayzzz...
My 10yr old probably eats 12,000 in groceries by himself!

probably obese af

[pugboy]

this thread taking strange turns yes

at most i thought it woulda boil down to a pissing contest of who have bigger limits

[bluefete]

I am noticing some serious household dysfunction in this thread. There are many tuner mysteries revealing themselves.

So instead of maccoing , - share nah! LOL.

Zoom is right though. He got where he is today by prudent management of his money - North Sea money to boot as well, eh.

So his advice about cc's is valid. As others have stated - many people cannot control their use of a cc and end up in hoc to the banks.

[paid_influencer]

ched gone off track.

lemme put it back on the rails

[Dizzy28]

My SIL now message in a family group to ask if any of us who bank with other banks besides RBL seeing a bank fee for online purchases. Apparently RBL has a 2.5% fee on all online purchases they made in Sep.

I'm with FCB and have seen no such fee.

[paid_influencer]

My SIL now message in a family group to ask if any of us who bank with other banks besides RBL seeing a bank fee for online purchases. Apparently RBL has a 2.5% fee on all online purchases they made in Sep.

I'm with FCB and have seen no such fee.

preview of tomorrow?

[Dizzy28]

Another friend told me that charge is routine and usually drops off after a few days.

Guess it was my SIL and them first time seeing it.

[maj. tom]

Should just be a card check to make sure it's a valid CC. Most banks would just charge $1 to $10 and then refund it when the transactions are authorized.

Let's hope it's just that...

[paid_influencer]

"2.5% fee on all online purchases" is not routine bro. maybe she is interpreting the bill wrong

some B2B merchants do add a fee to offset credit card transaction fees (3% to 4% of the total). but that is normally not for consumer focused places.

[Dizzy28]

I experinced a card check for the first time last month. Filled up in Ramco Trincity using pay at the pump. There was a 6 dollar charge which still there under "pending" that FCB said is a card check that falls off eventually.

Should just be a card check to make sure it's a valid CC. Most banks would just charge $1 to $10 and then refund it when the transactions are authorized.

Let's hope it's just that...

[mero]

That is standard across all credit cards even internationally. Some banks just have longer times for the pending 6.00 to fall off.

So technically u could use the last $6 on your card to get a full tank off gas. You'll just end up in a negative after it posted.

[widdyphuck]

Even if you try, you wouldn't be allowed to have so much credit cards anyway. The banks will do a credit check and once they see you have a credit card with another bank, it is unlikely they will give you another one especially if your income is tight.

The best way so far is for family members to also have credit cards.

Lol allyuh does post info as if it's factual without knowing anything about it

I have 9 credit cards myself.

People who realize what was coming and what needed to be done prepared themselves.

Why exactly do you have 9 credit cards?
For business or travel purposes?
The monthly charges must be alot for those 9 cards?

[Mmoney607]

Even if you try, you wouldn't be allowed to have so much credit cards anyway. The banks will do a credit check and once they see you have a credit card with another bank, it is unlikely they will give you another one especially if your income is tight.

The best way so far is for family members to also have credit cards.

Lol allyuh does post info as if it's factual without knowing anything about it

I have 9 credit cards myself.

People who realize what was coming and what needed to be done prepared themselves.

Why exactly do you have 9 credit cards?
For business or travel purposes?
The monthly charges must be alot for those 9 cards?

Those charges are nothing compared to not having us, paying black market rate and using other payment platforms

[mero]

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

[zoom rader]

Even if you try, you wouldn't be allowed to have so much credit cards anyway. The banks will do a credit check and once they see you have a credit card with another bank, it is unlikely they will give you another one especially if your income is tight.

The best way so far is for family members to also have credit cards.

Lol allyuh does post info as if it's factual without knowing anything about it

I have 9 credit cards myself.

People who realize what was coming and what needed to be done prepared themselves.

Why exactly do you have 9 credit cards?
For business or travel purposes?
The monthly charges must be alot for those 9 cards?

Cause hes a jackarse

One credit card is too much

Cash is king

[zoom rader]

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

Bullśhit you buying into CC propaganda.


Cash is king

[mero]

Shut up hoe

[paid_influencer]

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

The incentive for the banks is the 3% to 5% transaction fee on every credit card transaction. These can be quite substantial when man rolling up with 9 credit cards in he pocket every month.

Many b2b businesses away will insist on bank transfers only for payment. If they do allow credit cards, they might levy a convenience fee or something similar to offset the transaction fee.

The extra profit incentive is the only reason why credit cards is the last avenue to get cut, I feel.

But it coming. Mark my words, next year all them card is $2000 max, from fcb rbl ... rbc scotia might bit $1000.. .. all going to get cut. is just a matter of time.

[st7]

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

Bullśhit you buying into CC propaganda.


Cash is king

why u even in this ched if you anti-credit card?

[pugboy]

the 3-5% is what the bank who owns the card machine makes, they are called the acquirer bank
it is charged to the merchant
eg if pricesmart banks with republic and using republic card machines by the cashier
republic making a killing from all customers who pay via cc
customer is not affected by any of that card acquiring fee directly

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

The incentive for the banks is the 3% to 5% transaction fee on every credit card transaction. These can be quite substantial when man rolling up with 9 credit cards in he pocket every month.

Many b2b businesses away will insist on bank transfers only for payment. If they do allow credit cards, they might levy a convenience fee or something similar to offset the transaction fee.

The extra profit incentive is the only reason why credit cards is the last avenue to get cut, I feel.

But it coming. Mark my words, next year all them card is $2000 max, from fcb rbl ... rbc scotia might bit $1000.. .. all going to get cut. is just a matter of time.

[paid_influencer]

customer is not affected by any of that card acquiring fee directly

correct

but in many b2b settings there are convenience fees attached to offset the costs to the seller. these might be 3%-5% of the total amount

[MaxPower]

Love my purchasing power with my credit cards.

Have them cards smoking on Amazon.

[sMASH]

customer is not affected by any of that card acquiring fee directly

correct

but in many b2b settings there are convenience fees attached to offset the costs to the seller. these might be 3%-5% of the total amount

Plenty small shops does chsrge the customers the cc fee. Is either Linx or cash.


Mero just pushing pnm position . Sure if pnm was the oppostion he frothing on this issue.

[pugboy]

the banks does get vex when shops do that
also when the shop say they not doing cc for small amounts

customer is not affected by any of that card acquiring fee directly

correct

but in many b2b settings there are convenience fees attached to offset the costs to the seller. these might be 3%-5% of the total amount

Plenty small shops does chsrge the customers the cc fee. Is either Linx or cash.


Mero just pushing pnm position . Sure if pnm was the oppostion he frothing on this issue.

[zoom rader]

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

Bullśhit you buying into CC propaganda.


Cash is king

why u even in this ched if you anti-credit card?

Cause the world is hoodwinked on CC propaganda.

Only idiots use CC

Look up Dave Ramsee on CC propaganda.

[mero]

How you buy yuh temu rolex?

[mero]

Mero just pushing pnm position . Sure if pnm was the oppostion he frothing on this issue.

Eh? I have access USD on my card Bubby. You ban from flying and unemployed since before Covid so USD or forex shouldn't be a concern of yours.

[st7]

Chimera is a business man. Besides annual charges for the use of his cc, once he pays off his card fully, he pays $0.00 in charges, which is why business cards are even lesser than personal credit cards. A credit card is a blessing for ppl with money disciplined with good pay off practices. No profit for the bank at all unless he has substantial assets and savings that the bank can invest and make profit on.

Bullśhit you buying into CC propaganda.


Cash is king

why u even in this ched if you anti-credit card?

Cause the world is hoodwinked on CC propaganda.

Only idiots use CC

Look up Dave Ramsee on CC propaganda.

why?

sounds like you have poor money mismanagement if you cant pay your bills on time. i never once paid interest fees on a CC, and i get cash back every month.

and you eh answer why you in this ched.

[hover11]

customer is not affected by any of that card acquiring fee directly

correct

but in many b2b settings there are convenience fees attached to offset the costs to the seller. these might be 3%-5% of the total amount

Plenty small shops does chsrge the customers the cc fee. Is either Linx or cash.


Mero just pushing pnm position . Sure if pnm was the oppostion he frothing on this issue.

Ask mero if he in a better position since PNM come into power compared to 2010 -2015. I sure he would be shame to answer you. Them fellas have to keep up an appearance to make PNM look good at any cost.

[MaxPower]

How you buy yuh temu rolex?

The replicas is like $200usd.

So he woulda collect he daily $50 from the bank for a few days.