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What Type Of Credit Card User Are You?
Posted by karenlloyd • 2/24/09 • Subscribe to this Discussion [RSS] • Report This Topic
Topics: credit card type
Sensible Credit Card
You have the good fortune of being able to use credit cards as a tool, and possibly even profit from cash back, rewards points, miles, or other incentives. Keep up the good work!
Low Discipline Credit Card
You own a handful of credit cards, and although you carry balances on some of them the amounts are low compared to your overall financial situation and income. You manage to save every month, and your outstanding credit card balances are stable or falling as you try to pay off more than you spend each month. But you still spend more than you should. You are still attracted to buy things you don’t really need try and cut down your impulse spending and you will soon learn to stay on the road to good credit.
Destructive credit card
You owe money on all of your cards you have so many that you have lost count. This does not stop you using your credit card to buy unnecessary purchases. You think that as long as you can afford the minimum payment due each month there is not problem. Start saving stop spending! You need to change your attitude towards spending on your credit card. Speak to your creditors and see if they can advise you in setting up a payment plan to help with your debt. Don’t fear help is out there you just need to act on advice given to you in order to help your credit.
User Comments
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I don't use credit cards at all. If I don't have the money to buy it outright, then I can't afford it.
*Warning....rant*
The problem I have with credit cards is that not only are people tempted to go into mountains of debt, but they are also forgetting how important things are because they can get whatever they want whenever they want to. There was a time when saving up for something was something to be proud of - and the item you bought with all that hard work was something to cherish and take care of.
Now we just have a consumer society with disposal products, and a debt based fragile economy.
Awesome.
No thank you. -
No credit cards for me
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Hubby and I are smart card users.
We buy everything we can on one particular credit card...it gives us a 1% rebate on everything bought with the card.
We pay the card off in full at the end of every month...no interest.
Once a year or so we cash in the rebate points for vouchers to one of two stores where we regularly shop for food (one is a gourmet food market, the other like CostCo). I get about a month's worth of groceries free every year this way.
We have another card that we don't charge on except in emergencies...like it is the end of the month and we need an urgent car repair that is more than we have in the bank in cash or free on the other credit card. I think we've used it twice in five years.
It is easy to get into trouble with credit cards, but fortunately my husband is a good money manager and I don't try to interfere. -
If you have credit card must view this special credit card tips.
Link: online-bank-experts.blogspot.com/2009/04/internet-credit-card-tips-help.htm...
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