6 Steps To Credit Card Serenity - Consumerist Comments

6 Steps To Credit Card Serenity

FriarJohn — Wed, 21 Feb 2007 20:03:16 EST

@Amy:
That's great if you have the self-discipline. A majority of people don't.

6 Steps To Credit Card Serenity

Type-E — Wed, 21 Feb 2007 17:30:42 EST

Have you tried it recently? They are totally fine for me to consolidate 4 cards into one card
1 amazon (which is chase)
2 Chase Rewards
1 Chase freedom

Since chase freedom has 0% apr, I consolidate all credits into one card.
Oh btw, the card that I am closing has zero balance. You have to have zero balance to close a card.

Type-E

6 Steps To Credit Card Serenity

econobiker — Wed, 21 Feb 2007 02:06:44 EST

@Type-E:
How do you get those jokers to combine a 0% card with other of their products? Do you have to be a credit "gold" member?

I -had- two outstanding balance cards ( one from Chase and one from another company which Chase bought) and those freaks at Chase wouldn't let me combine the balances. I figured they wanted me to have 2 chances to be late and to be able to charge horrid default interest rates...

econobiker

6 Steps To Credit Card Serenity

Type-E — Wed, 21 Feb 2007 00:13:05 EST

My list of what I do to earn money from credit cards

1. Use credit card even for the tiniest purchase, 1% saved is a percent earned.
2. Use 5% cards for grocery, drugs and gas (earn around $200 a year)
3. Find all the 0% APR for one year credit card, consolidate it with other cards of the same company (ie, combine Chase freedom with Chase Rewards) to get more credit on your card. Then transfer all funds to a CD to earn interest (Just remember not to use the card and to pay minimum balance) (earn around $1k+ a year)
4. visabuxx to help u earn points with your visa/master (I earn around $1k a year)

Type-E

6 Steps To Credit Card Serenity

katana. — Tue, 20 Feb 2007 19:08:12 EST

Oh, and I've got news for you:
That attractive person on a beach, is broke.

katana.

6 Steps To Credit Card Serenity

katana. — Tue, 20 Feb 2007 19:04:17 EST

Those losers over at Bankrate can have their "Credit Card Serenity".

I chose Financial Peace.

katana.

6 Steps To Credit Card Serenity

Amy Alkon — Tue, 20 Feb 2007 18:24:29 EST

I look at it that way, Friar John, but then use a credit card to get the airline miles. In fact, I buy everything I possibly can using that airline miles credit card.

In my terms, the "minimum payment" is always the entire amount due.

Amy Alkon

6 Steps To Credit Card Serenity

FriarJohn — Tue, 20 Feb 2007 17:11:34 EST

Restating the previous tips in a positive manner: Pay cash for everything. If you can't pay cash, don't buy it.

FriarJohn

6 Steps To Credit Card Serenity

mcbarnicle — Tue, 20 Feb 2007 16:44:33 EST

Another tip. Stop buying crap you don't need. Like exotic vacations to what appears to be southern Utah?

mcbarnicle

6 Steps To Credit Card Serenity

ahwannabe — Tue, 20 Feb 2007 14:24:44 EST

Does anybody have any info on where that photo was taken? That, right there, is my dream vacation.

ahwannabe

6 Steps To Credit Card Serenity

Amy Alkon — Tue, 20 Feb 2007 11:07:23 EST

Here's a tip: Don't spend money you don't have.

Amy Alkon