Good Credit Cards?

Bmoney2K4 · 05-14-2011, 02:43 PM

Does anyone have any good credit cards they just received recently? I am looking into Chase Freedom but the APR is either 13.24 %or %19.24 %. More than likely because of my credit I think theyll give me 19.24 % which seems pretty high.

nnnnnnnnnnnnnnnnnnnnnn · 05-14-2011, 02:46 PM

pay the whole bill at the end of the month and apr means nothing...

Bmoney2K4 · 05-14-2011, 02:47 PM

I can't do that because I'm in serious debt right now

nnnnnnnnnnnnnnnnnnnnnn · 05-14-2011, 02:49 PM

Quote:

Originally Posted by Bmoney2K4

I can't do that because I'm in serious debt right now

then another line of credit is not something you should be doing

Feyd · 05-14-2011, 02:51 PM

Quote:

Originally Posted by Bmoney2K4

I can't do that because I'm in serious debt right now

Sell a car?

Bmoney2K4 · 05-14-2011, 03:08 PM

My car is a lease and its due back in under six months. The only reason that I am contemplating opening another line of credit is to help my credit score.

tHegeRm · 05-14-2011, 03:11 PM

Quote:

Originally Posted by Bmoney2K4

My car is a lease and its due back in under six months. The only reason that I am contemplating opening another line of credit is to help my credit score.

Getting outta debt sounds like your best option to repair credit, not getting deeper.....

JayKay335i · 05-14-2011, 04:05 PM

I hear you can get the Kia Soul for $99 a month

Bmoney2K4 · 05-14-2011, 04:11 PM

Quote:

Originally Posted by JayKay335i

I hear you can get the Kia Soul for $99 a month

Won't go that route. I'm thinking about getting a 2001 lexus gs 300.

JayKay335i · 05-14-2011, 04:15 PM

Quote:

Originally Posted by Bmoney2K4

Won't go that route. I'm thinking about getting a 2001 lexus gs 300.

And obviously you're the kind of positive financial decisions. If you're worried about looking bad, you'll look a lot sadder in a 12yr old Lexus than a cheap new kia. Plus considering the maintenance cost differences, it looks like you should be saving your money, not spending it.

Freakazoid · 05-14-2011, 04:16 PM

just wow....

JayKay335i · 05-14-2011, 04:46 PM

Quote:

Originally Posted by Freakazoid

just wow....

Think we found Americas problem....

nnnnnnnnnnnnnnnnnnnnnn · 05-14-2011, 05:09 PM

I just don't get how people can be comfortable buying something that they do not have the money for. They are basically willing to pay a 20%+ premium for everything when you factor in the apr.

tHegeRm · 05-14-2011, 05:11 PM

His first stop after buying the Kia:

NYCGP · 05-14-2011, 06:21 PM

I don't know what you guys are talking about. It's not his fault. It is the credit card company's fault, no?

In all seriousness, I'm with freak.... Just wow...

JayKay335i · 05-14-2011, 06:33 PM

How bout a good pair of running shoes?

nnnnnnnnnnnnnnnnnnnnnn · 05-14-2011, 06:43 PM

It reminds me of a joke by Bernie Mac. You know what the best part is about having a Discover card? Spending all that money until the company "discovers" I'm not paying them back.

ghosthi32 · 05-14-2011, 07:00 PM

wow

bmw-nj · 05-14-2011, 08:30 PM

First of all guys you don't need to make fun of this guy. There is no sense in taking pleasure in someone's misfortunes.

Yes, it seems that he is making HORRIBLE financial decisions but instead of making fun try helping him/her.

Opening up another credit card will not help your credit score at all.
It will actually lower it if anything because 10% of your score is "new credit" and 15% is "length of credit history". Both of those areas will be negatively effected by opening up another credit card.

Bmoney2K4 · 05-14-2011, 08:47 PM

There are extenuating circumstances that have contributed to me being in this postition. I am pretty sure it is rare for others to relate to.

bmw-nj · 05-14-2011, 09:49 PM

Everyone has problems. I hope everything works out for you man.

SchlauCow · 05-14-2011, 09:59 PM

bmw-nj, you're the kindest soul on this forum.

05-14-2011, 02:43 PM	#1
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	Good Credit Cards? Does anyone have any good credit cards they just received recently? I am looking into Chase Freedom but the APR is either 13.24 %or %19.24 %. More than likely because of my credit I think theyll give me 19.24 % which seems pretty high.
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05-14-2011, 02:46 PM	#2
nnnnnnnnnnnnnnnnnnnnnn Lieutenant 108 Rep 465 Posts Drives: 1 Join Date: Jan 2008 Location: 2 iTrader: (0)	pay the whole bill at the end of the month and apr means nothing...
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05-14-2011, 02:47 PM	#3
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	I can't do that because I'm in serious debt right now
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05-14-2011, 03:08 PM	#6
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	My car is a lease and its due back in under six months. The only reason that I am contemplating opening another line of credit is to help my credit score.
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05-14-2011, 04:05 PM	#8
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	I hear you can get the Kia Soul for $99 a month
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05-14-2011, 04:16 PM	#11
Freakazoid Captain 181 Rep 962 Posts Drives: Saturn Redline Join Date: Dec 2009 Location: Pittsburgh iTrader: (0)	just wow....
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05-14-2011, 05:09 PM	#13
nnnnnnnnnnnnnnnnnnnnnn Lieutenant 108 Rep 465 Posts Drives: 1 Join Date: Jan 2008 Location: 2 iTrader: (0)	I just don't get how people can be comfortable buying something that they do not have the money for. They are basically willing to pay a 20%+ premium for everything when you factor in the apr.
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05-14-2011, 06:21 PM	#15
NYCGP WTF are you looking at? 232 Rep 1,560 Posts Drives: Bandwagon Join Date: Jan 2011 Location: Jungle iTrader: (0)	I don't know what you guys are talking about. It's not his fault. It is the credit card company's fault, no? In all seriousness, I'm with freak.... Just wow... __________________ "It is better to be hated for what you are than loved for what you are not." -André Gide
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05-14-2011, 06:33 PM	#16
JayKay335i Banned 189 Rep 5,046 Posts Drives: ///M323 DCT Join Date: Apr 2009 Location: North Dakota; its best DUHHHHHH iTrader: (1)	How bout a good pair of running shoes?
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05-14-2011, 06:43 PM	#17
nnnnnnnnnnnnnnnnnnnnnn Lieutenant 108 Rep 465 Posts Drives: 1 Join Date: Jan 2008 Location: 2 iTrader: (0)	It reminds me of a joke by Bernie Mac. You know what the best part is about having a Discover card? Spending all that money until the company "discovers" I'm not paying them back.
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05-14-2011, 07:00 PM	#18
ghosthi32 Banned 37 Rep 2,504 Posts Drives: Water camel Join Date: Dec 2009 Location: strait of hormuz iTrader: (0)	wow
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05-14-2011, 08:30 PM	#19
bmw-nj Captain 99 Rep 700 Posts Drives: 2014 BMW 335 xdrive M sport Join Date: Apr 2011 Location: Hillsborough, NJ iTrader: (1)	First of all guys you don't need to make fun of this guy. There is no sense in taking pleasure in someone's misfortunes. Yes, it seems that he is making HORRIBLE financial decisions but instead of making fun try helping him/her. Opening up another credit card will not help your credit score at all. It will actually lower it if anything because 10% of your score is "new credit" and 15% is "length of credit history". Both of those areas will be negatively effected by opening up another credit card.
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05-14-2011, 08:47 PM	#20
Bmoney2K4 Captain 185 Rep 885 Posts Drives: 2016 535i Join Date: Oct 2008 Location: Los Angeles, California iTrader: (0)	There are extenuating circumstances that have contributed to me being in this postition. I am pretty sure it is rare for others to relate to.
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05-14-2011, 09:49 PM	#21
bmw-nj Captain 99 Rep 700 Posts Drives: 2014 BMW 335 xdrive M sport Join Date: Apr 2011 Location: Hillsborough, NJ iTrader: (1)	Everyone has problems. I hope everything works out for you man.
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05-14-2011, 09:59 PM	#22
SchlauCow ****** 137 Rep 337 Posts Drives: Honda M6 Join Date: Mar 2010 Location: Radiance iTrader: (4)	bmw-nj, you're the kindest soul on this forum. __________________ You will never be as complex as the strand of hair sitting on top of your head.
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