Pay Credit Card Balance in Full to Avoid Default Rate
Guest: Ira
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Pay Credit Card Balance in Full to Avoid Default Rate
Posted: Tue Jan 09, 2007 5:54 pm
Patient: "Doctor, it hurts when I do this."
Doctor: "Don't do that."
Same thing applies here. Either pay in full (prefered) or pay on time and the default rate won't hurt because you won't get hit with it.
_________________
Do not let what you cannot do interfere with what you can do.
Ira
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Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Tue Jan 09, 2007 6:56 pm
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
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Guest: Evilbunny
Credit Expert (100+ Posts)
Posted: Tue Jan 09, 2007 7:59 pm
ok.. let me clerify.
the terms are that it can go up to 32.whatever. its based on prime plus whatever the default margin is.
even though it CAN go up that high, the highest chase will charge right now is 29.99. that is their internal cap. that is the most they will charge on your statement at this time, despite what the terms are.
they may change it in the future, but as it stands right now, 29.99 is the highest default rate you will be charged on your statement in the event of defaulting
Quote:
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
well, in the event of someone defaulting... they are getting more and more likely to ratejack.. even on a first offense. Glad your wife is more lenient, Polonius
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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 12:50 am
PIF
PROBLEM SOLVED...
MY ALL TIME MAX WAS 9.99%
NEW MAX IS 5.90%
So there is no way I would pay 32.24%
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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 12:52 am
Polonius wrote:
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
Would she really "STAB" you with a meat cleaver???
A steak knife would be better
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 12:59 am
You're right--it's hard to stab with a meat cleaver. That's why I said she wasn't likely to do it.
A steak knife is a much better idea.
Hope she doesn't read this board!
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: hesiden
Credit Expert (100+ Posts)
Posted: Wed Jan 10, 2007 1:00 am
mouse wrote:
Polonius wrote:
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
Would she really "STAB" you with a meat cleaver???
A steak knife would be better
Obligitory Princess Bridge quote:
[the Sheriff has said he'll cut out Robin Hood's heart with a spoon]
Guy of Gisborne: Why a spoon, cousin? Why not an axe?
Sheriff of Nottingham: Because it's DULL, you twit. It'll hurt more.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 1:07 am
Just take her out this weekend for steak at a nice restaurant and forget about the CLEAVER and the STEAK KNIFE
(except to cut your steak)
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Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 1:21 am
more...
SHE MIGHT BREAK HER WRIST TRYING TO STAB YOU WITH A MEAT CLEAVER
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Guest: fenster
Credit Expert (100+ Posts)
Posted: Wed Jan 10, 2007 10:04 am
Surely Polonius isn’t equating his wife’s sense of reason, restraint and prudence with Chase’s, is he? Cuz I don’t believe Chase is as civil as Polonius’ wife_ hand a Chase exec a “meat cleaver” and he’ll crack your safe wide open with it.
_________________
beware of everything
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: angelo21
Posted: Wed Jan 10, 2007 10:24 am
fenster wrote:
Surely Polonius isn’t equating his wife’s sense of reason, restraint and prudence with Chase’s, is he? Cuz I don’t believe Chase is as civil as Polonius’ wife_ hand a Chase exec a “meat cleaver” and he’ll crack your safe wide open with it.
Well stated and right to my original post.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Pay Credit Card Balance in Full to Avoid Default Rate
Posted: Tue Jan 09, 2007 5:54 pm
Patient: "Doctor, it hurts when I do this."
Doctor: "Don't do that."
Same thing applies here. Either pay in full (prefered) or pay on time and the default rate won't hurt because you won't get hit with it.
_________________
Do not let what you cannot do interfere with what you can do.
Ira
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Tue Jan 09, 2007 6:56 pm
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Evilbunny
Credit Expert (100+ Posts)
Posted: Tue Jan 09, 2007 7:59 pm
ok.. let me clerify.
the terms are that it can go up to 32.whatever. its based on prime plus whatever the default margin is.
even though it CAN go up that high, the highest chase will charge right now is 29.99. that is their internal cap. that is the most they will charge on your statement at this time, despite what the terms are.
they may change it in the future, but as it stands right now, 29.99 is the highest default rate you will be charged on your statement in the event of defaulting
Quote:
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
well, in the event of someone defaulting... they are getting more and more likely to ratejack.. even on a first offense. Glad your wife is more lenient, Polonius
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 12:50 am
PIF
PROBLEM SOLVED...
MY ALL TIME MAX WAS 9.99%
NEW MAX IS 5.90%
So there is no way I would pay 32.24%
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 12:52 am
Polonius wrote:
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
Would she really "STAB" you with a meat cleaver???
A steak knife would be better
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 12:59 am
You're right--it's hard to stab with a meat cleaver. That's why I said she wasn't likely to do it.
A steak knife is a much better idea.
Hope she doesn't read this board!
_________________
Polonius
"Neither a borrower, nor a lender be; For loan oft loses both itself and friend"
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: hesiden
Credit Expert (100+ Posts)
Posted: Wed Jan 10, 2007 1:00 am
mouse wrote:
Polonius wrote:
And remember the "can" in the statement. Just because Chase CAN do it doesn't mean it WILL.
My wife can divorce me. My wife can stab me with a meat cleaver. I don't think she will.
Would she really "STAB" you with a meat cleaver???
A steak knife would be better
Obligitory Princess Bridge quote:
[the Sheriff has said he'll cut out Robin Hood's heart with a spoon]
Guy of Gisborne: Why a spoon, cousin? Why not an axe?
Sheriff of Nottingham: Because it's DULL, you twit. It'll hurt more.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 1:07 am
Just take her out this weekend for steak at a nice restaurant and forget about the CLEAVER and the STEAK KNIFE
(except to cut your steak)
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Posted: Wed Jan 10, 2007 1:21 am
more...
SHE MIGHT BREAK HER WRIST TRYING TO STAB YOU WITH A MEAT CLEAVER
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: fenster
Credit Expert (100+ Posts)
Posted: Wed Jan 10, 2007 10:04 am
Surely Polonius isn’t equating his wife’s sense of reason, restraint and prudence with Chase’s, is he? Cuz I don’t believe Chase is as civil as Polonius’ wife_ hand a Chase exec a “meat cleaver” and he’ll crack your safe wide open with it.
_________________
beware of everything
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: angelo21
Posted: Wed Jan 10, 2007 10:24 am
fenster wrote:
Surely Polonius isn’t equating his wife’s sense of reason, restraint and prudence with Chase’s, is he? Cuz I don’t believe Chase is as civil as Polonius’ wife_ hand a Chase exec a “meat cleaver” and he’ll crack your safe wide open with it.
Well stated and right to my original post.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
posted by CardRatings.com at 3:45 PM
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