Credit Card Offer Addiction?
Guest: Chazmanian
Post subject: Credit Card Offer Addiction?
Posted: Fri Feb 24, 2006 1:40 am
Is there such a thing as Credit card addiction? I find myself fighting the urges to apply madly for every card I can get...I love waiting for that Derned envelope to come in the mailbox! I race home from work the day after I've applied hoping for that nice thick envelope with that nice hard unbendable section....Jeeze that was bad. I love setting up online pay! I love the Thank you point network! I'll spend 50 bucks at Wal-mart on my card even though I have the cash in my wallet....Just so I can send in a payment? I want a wallet chock full o' cards to make me feel strong? and I'm a big guy with a rough and tumble job as I manage a large outbound callcenter and have the misfortune of having to mistreat my drugged up unsavory outbound telemarketing crew?......But I feel addicted, I love the joy of an approval! I really like the envelope and will open it very slowly like Charlie opening his candy bar in the Wonka book. I'll read over every little detail and find dumb excuses to call the customer service number? Waiting on the Ciscover card is really exciting and for some wierd reason I hope it takes a long time so I can rush home every day to open my mailbox and feel around for my "Golden Ticket".... In the past 2 months I have gotten:
Citi-simplicity $2600 limit. Nice card 0% on everything til next year.
Citi-Premier pass $6000 base limit but can go over so long as I pay the overage the next month...they call that no preset limit?
BOA platinum $4600 limit 0% BT's....Waiting for it in the mail and was approved instantly online.(Comes with some little mini-card that sposed to go on your keychain?) I lose my keys everyday...I cannot imagine losing my keys and a credit card daily....
Providian Pay-Pal Visa $1000 limit???? still cannot wait to get it in the derned mailbox and open er' up slow and easy!
Waiting on the discover folks. And loving it. so much in fact that I have called them every day for the past 4 days.
Am I ill? Are there others like me? I pay my stuff off really fast, have a nice wife a cool new toyota 4x4 and a decent paying job. But I sure do get a rush, or better yet a high from applying for these cards and awaiting the results!....Sorry to ramble. Chuck.
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: Fri Feb 24, 2006 2:02 am
Chazmanian wrote:
Is there such a thing as Credit card addiction? I find myself fighting the urges to apply madly for every card I can get...I love waiting for that Derned envelope to come in the mailbox! I race home from work the day after I've applied hoping for that nice thick envelope with that nice hard unbendable section....Jeeze that was bad. I love setting up online pay! I love the Thank you point network! I'll spend 50 bucks at Wal-mart on my card even though I have the cash in my wallet....Just so I can send in a payment? I want a wallet chock full o' cards to make me feel strong? and I'm a big guy with a rough and tumble job as I manage a large outbound callcenter and have the misfortune of having to mistreat my drugged up unsavory outbound telemarketing crew?......But I feel addicted, I love the joy of an approval! I really like the envelope and will open it very slowly like Charlie opening his candy bar in the Wonka book. I'll read over every little detail and find dumb excuses to call the customer service number? Waiting on the Ciscover card is really exciting and for some wierd reason I hope it takes a long time so I can rush home every day to open my mailbox and feel around for my "Golden Ticket".... In the past 2 months I have gotten:
Citi-simplicity $2600 limit. Nice card 0% on everything til next year.
Citi-Premier pass $6000 base limit but can go over so long as I pay the overage the next month...they call that no preset limit?
BOA platinum $4600 limit 0% BT's....Waiting for it in the mail and was approved instantly online.(Comes with some little mini-card that sposed to go on your keychain?) I lose my keys everyday...I cannot imagine losing my keys and a credit card daily....
Providian Pay-Pal Visa $1000 limit???? still cannot wait to get it in the derned mailbox and open er' up slow and easy!
Waiting on the discover folks. And loving it. so much in fact that I have called them every day for the past 4 days.
Am I ill? Are there others like me? I pay my stuff off really fast, have a nice wife a cool new toyota 4x4 and a decent paying job. But I sure do get a rush, or better yet a high from applying for these cards and awaiting the results!....Sorry to ramble. Chuck.
WHAT IS THIS CASH STUFF?????
Does that stuff have any rewards??????
Do you have loss protection??????
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: stevejk
Posted: Fri Feb 24, 2006 10:35 am
Chazmanian, you and mouse may have credit card addiction.
I probably have a touch of credit card addiction as well. I keep my eye out for better CC offers -- better rewards, preferably cash back. I probably have more CC than I should have, but I don't carry them all with me. I think I have only three on me now -- my primary card, a backup card if the fraud prevention algorithm of the former denies a transaction, and a card with better rewards at restaurants. I only carry enough cash for small transactions. I do get a special tingle when I see the statement arrive in the mail. Hot dog! I say, have an opportunity to reconcile my statement with Quicken.
Requesting too many CC in a period of time can lower your FICO score and put you at risk of being denied credit or a loan, or having your insurance premiums skyrocket (if your state allows insurance companies use FICO scores to set premiums).
Then again, I do try to resist buying things for the sake of charging them. I endeavor to treat CC as if they were cash. For me, the CC is just a way to buy things I need w/o needing to carry a wad of greenbacks with me. As mouse would point out, CC has features that cash doesn't, but those are just a bonus for me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shooter
Credit Expert (100+ Posts)
Posted: Fri Feb 24, 2006 5:22 pm
I found this quite funny. My wife and I decided a few months ago that I am a credit card addict. I thought I was alone in the world until I found this board last October. I proudly announced to her that night that I am not alone in the world. She thought that was hilarious and always laughs when i tell her I'm checking in with my "friends."
I get the same rush from approvals and from the envelope in the mail. I would apply for a lot more but I really don't need them and I don't want too many inquiries a year. A couple of months ago I got an offer for the Citi Diamond Preferred card and it was such a great offer I applied that night even though I had absolutely no need for it (I had to promise not to apply for any more cards for a year since it was my second card in four months). I used it a couple of times to get my 10,000 bonus points and now it sits in my wallet simply because it looks so dang cool. I am doing a BT with my Dividend card right now and I have the money in savings. When the year at 0% is up on that I'll pay it off, reallocate most of the limit to my Diamond card (which had a horrible initial limit) and do another BT for another year at 0%. I love it. I admit I'm wierd but I'm making money and it is fun so I don't really care.
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: Fri Feb 24, 2006 5:53 pm
stevejk wrote:
Chazmanian, you and mouse may have credit card addiction.
I probably have a touch of credit card addiction as well. I keep my eye out for better CC offers -- better rewards, preferably cash back. I probably have more CC than I should have, but I don't carry them all with me. I think I have only three on me now -- my primary card, a backup card if the fraud prevention algorithm of the former denies a transaction, and a card with better rewards at restaurants. I only carry enough cash for small transactions. I do get a special tingle when I see the statement arrive in the mail. Hot dog! I say, have an opportunity to reconcile my statement with Quicken.
Requesting too many CC in a period of time can lower your FICO score and put you at risk of being denied credit or a loan, or having your insurance premiums skyrocket (if your state allows insurance companies use FICO scores to set premiums).
Then again, I do try to resist buying things for the sake of charging them. I endeavor to treat CC as if they were cash. For me, the CC is just a way to buy things I need w/o needing to carry a wad of greenbacks with me. As mouse would point out, CC has features that cash doesn't, but those are just a bonus for me.
YOU HAVE FACTS TO PROVE YOUR POINT???
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Chazmanian
Posted: Sun Feb 26, 2006 2:24 am
I'm done . Turned down for a Discover card. Stupid addicted me! 720 point bureau and a denial due to way too many recent inquiries. I have never been turned down for anything in my life...never. I just do not know what I was thinking. I guess it was like rolling the bones in Vegas, it was hot for a little while. But all good things must come to an end. NO MORE INQUIRIES for me. And after reading Y'all's post's and knowing better I just could not control the urges. 5 hard inquiries in 30 days? I must be mentally ill to think that any of these card issuers would continue to overlook that type of madness. Greedy insolent me. Y'all have the best advice aroud! anyone can study the posts on this site and become an overnight guru! there is no stone left unturned here NONE! any new folks such as myself take heed to these wise men(and womens!) advice. I can say that I did not and now I suffer the blow of having a perfect report really damaged by "Mega Inquirys". And the inner pain and embarassment of the dreaded denial letter. Listen to the wise ones....listen.
Done Chuck.
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: Sun Feb 26, 2006 3:04 am
Chazmanian, sure--you're saying that now. But soon you'll go to your mailbox and see a 15-month 0% offer for which you're pre-approved. You'll put it aside, even throw it away--but then you'll be fishing through your trash for the code and Web site and will soon be clicking away feeling the rush through your veins once more.
You're not going to stop until you hit bottom, fall into a ditch because of the weight of your wallet, find yourself buying things just to get the cash rebates. Then one day you will hear Dave Ramsey on the radio, cut up all your cards, and be saved. Until then, suffer through the profits and the twelve-page reports you download with your latest scores.
May your rewards be many and your chargebacks few.
_________________
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: Chazmanian
Posted: Sun Feb 26, 2006 9:47 pm
I have already fished in the past. Not just a top of the can skimmimg...But a full fledged Richard Pryor-like dig!(May he rest in peace) I will probably need to opt out of the prescreened stuff as they also generate those "Hard Pulls" after getting your app. Thanks for your tough love. I needed that!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: astounding
Posted: Mon Feb 27, 2006 4:41 am
I bet you the MAIN reason why you have a credit card addiction is
because it fulfills a need for variety in your life.
Yes it's a addiction. But just that you have it to new credit cards. Some people have it to new magazine subscriptions. Some to new movies (like my brother).
Here's a site I had bookmarked a long time ago on credit card addictions, I'm sure you can find some useful info there:
http://www.creditcardaddiction.com
-Andre
_________________
Here's a GREAT FREE resource with everything you'll EVER
need to know about credit/debt management, credit cards,
and applying for the BEST one:
=> http://www.Direct-Credit-Card.com/articles.php
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Mon Feb 27, 2006 9:08 am
Interesting link astounding. Thanks for posting.
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: credithelp
Credit Expert (100+ Posts)
Posted: Mon Feb 27, 2006 7:03 pm
I'm kind of addicted to having the new and improved credit card that comes out. I don't have much of a problem with debt but just want the new card that comes out even if it doesnt really relate to what i need a card for(cash back,airline,etc)
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Post subject: Credit Card Offer Addiction?
Posted: Fri Feb 24, 2006 1:40 am
Is there such a thing as Credit card addiction? I find myself fighting the urges to apply madly for every card I can get...I love waiting for that Derned envelope to come in the mailbox! I race home from work the day after I've applied hoping for that nice thick envelope with that nice hard unbendable section....Jeeze that was bad. I love setting up online pay! I love the Thank you point network! I'll spend 50 bucks at Wal-mart on my card even though I have the cash in my wallet....Just so I can send in a payment? I want a wallet chock full o' cards to make me feel strong? and I'm a big guy with a rough and tumble job as I manage a large outbound callcenter and have the misfortune of having to mistreat my drugged up unsavory outbound telemarketing crew?......But I feel addicted, I love the joy of an approval! I really like the envelope and will open it very slowly like Charlie opening his candy bar in the Wonka book. I'll read over every little detail and find dumb excuses to call the customer service number? Waiting on the Ciscover card is really exciting and for some wierd reason I hope it takes a long time so I can rush home every day to open my mailbox and feel around for my "Golden Ticket".... In the past 2 months I have gotten:
Citi-simplicity $2600 limit. Nice card 0% on everything til next year.
Citi-Premier pass $6000 base limit but can go over so long as I pay the overage the next month...they call that no preset limit?
BOA platinum $4600 limit 0% BT's....Waiting for it in the mail and was approved instantly online.(Comes with some little mini-card that sposed to go on your keychain?) I lose my keys everyday...I cannot imagine losing my keys and a credit card daily....
Providian Pay-Pal Visa $1000 limit???? still cannot wait to get it in the derned mailbox and open er' up slow and easy!
Waiting on the discover folks. And loving it. so much in fact that I have called them every day for the past 4 days.
Am I ill? Are there others like me? I pay my stuff off really fast, have a nice wife a cool new toyota 4x4 and a decent paying job. But I sure do get a rush, or better yet a high from applying for these cards and awaiting the results!....Sorry to ramble. Chuck.
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: Fri Feb 24, 2006 2:02 am
Chazmanian wrote:
Is there such a thing as Credit card addiction? I find myself fighting the urges to apply madly for every card I can get...I love waiting for that Derned envelope to come in the mailbox! I race home from work the day after I've applied hoping for that nice thick envelope with that nice hard unbendable section....Jeeze that was bad. I love setting up online pay! I love the Thank you point network! I'll spend 50 bucks at Wal-mart on my card even though I have the cash in my wallet....Just so I can send in a payment? I want a wallet chock full o' cards to make me feel strong? and I'm a big guy with a rough and tumble job as I manage a large outbound callcenter and have the misfortune of having to mistreat my drugged up unsavory outbound telemarketing crew?......But I feel addicted, I love the joy of an approval! I really like the envelope and will open it very slowly like Charlie opening his candy bar in the Wonka book. I'll read over every little detail and find dumb excuses to call the customer service number? Waiting on the Ciscover card is really exciting and for some wierd reason I hope it takes a long time so I can rush home every day to open my mailbox and feel around for my "Golden Ticket".... In the past 2 months I have gotten:
Citi-simplicity $2600 limit. Nice card 0% on everything til next year.
Citi-Premier pass $6000 base limit but can go over so long as I pay the overage the next month...they call that no preset limit?
BOA platinum $4600 limit 0% BT's....Waiting for it in the mail and was approved instantly online.(Comes with some little mini-card that sposed to go on your keychain?) I lose my keys everyday...I cannot imagine losing my keys and a credit card daily....
Providian Pay-Pal Visa $1000 limit???? still cannot wait to get it in the derned mailbox and open er' up slow and easy!
Waiting on the discover folks. And loving it. so much in fact that I have called them every day for the past 4 days.
Am I ill? Are there others like me? I pay my stuff off really fast, have a nice wife a cool new toyota 4x4 and a decent paying job. But I sure do get a rush, or better yet a high from applying for these cards and awaiting the results!....Sorry to ramble. Chuck.
WHAT IS THIS CASH STUFF?????
Does that stuff have any rewards??????
Do you have loss protection??????
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: stevejk
Posted: Fri Feb 24, 2006 10:35 am
Chazmanian, you and mouse may have credit card addiction.
I probably have a touch of credit card addiction as well. I keep my eye out for better CC offers -- better rewards, preferably cash back. I probably have more CC than I should have, but I don't carry them all with me. I think I have only three on me now -- my primary card, a backup card if the fraud prevention algorithm of the former denies a transaction, and a card with better rewards at restaurants. I only carry enough cash for small transactions. I do get a special tingle when I see the statement arrive in the mail. Hot dog! I say, have an opportunity to reconcile my statement with Quicken.
Requesting too many CC in a period of time can lower your FICO score and put you at risk of being denied credit or a loan, or having your insurance premiums skyrocket (if your state allows insurance companies use FICO scores to set premiums).
Then again, I do try to resist buying things for the sake of charging them. I endeavor to treat CC as if they were cash. For me, the CC is just a way to buy things I need w/o needing to carry a wad of greenbacks with me. As mouse would point out, CC has features that cash doesn't, but those are just a bonus for me.
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: shooter
Credit Expert (100+ Posts)
Posted: Fri Feb 24, 2006 5:22 pm
I found this quite funny. My wife and I decided a few months ago that I am a credit card addict. I thought I was alone in the world until I found this board last October. I proudly announced to her that night that I am not alone in the world. She thought that was hilarious and always laughs when i tell her I'm checking in with my "friends."
I get the same rush from approvals and from the envelope in the mail. I would apply for a lot more but I really don't need them and I don't want too many inquiries a year. A couple of months ago I got an offer for the Citi Diamond Preferred card and it was such a great offer I applied that night even though I had absolutely no need for it (I had to promise not to apply for any more cards for a year since it was my second card in four months). I used it a couple of times to get my 10,000 bonus points and now it sits in my wallet simply because it looks so dang cool. I am doing a BT with my Dividend card right now and I have the money in savings. When the year at 0% is up on that I'll pay it off, reallocate most of the limit to my Diamond card (which had a horrible initial limit) and do another BT for another year at 0%. I love it. I admit I'm wierd but I'm making money and it is fun so I don't really care.
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: Fri Feb 24, 2006 5:53 pm
stevejk wrote:
Chazmanian, you and mouse may have credit card addiction.
I probably have a touch of credit card addiction as well. I keep my eye out for better CC offers -- better rewards, preferably cash back. I probably have more CC than I should have, but I don't carry them all with me. I think I have only three on me now -- my primary card, a backup card if the fraud prevention algorithm of the former denies a transaction, and a card with better rewards at restaurants. I only carry enough cash for small transactions. I do get a special tingle when I see the statement arrive in the mail. Hot dog! I say, have an opportunity to reconcile my statement with Quicken.
Requesting too many CC in a period of time can lower your FICO score and put you at risk of being denied credit or a loan, or having your insurance premiums skyrocket (if your state allows insurance companies use FICO scores to set premiums).
Then again, I do try to resist buying things for the sake of charging them. I endeavor to treat CC as if they were cash. For me, the CC is just a way to buy things I need w/o needing to carry a wad of greenbacks with me. As mouse would point out, CC has features that cash doesn't, but those are just a bonus for me.
YOU HAVE FACTS TO PROVE YOUR POINT???
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Chazmanian
Posted: Sun Feb 26, 2006 2:24 am
I'm done . Turned down for a Discover card. Stupid addicted me! 720 point bureau and a denial due to way too many recent inquiries. I have never been turned down for anything in my life...never. I just do not know what I was thinking. I guess it was like rolling the bones in Vegas, it was hot for a little while. But all good things must come to an end. NO MORE INQUIRIES for me. And after reading Y'all's post's and knowing better I just could not control the urges. 5 hard inquiries in 30 days? I must be mentally ill to think that any of these card issuers would continue to overlook that type of madness. Greedy insolent me. Y'all have the best advice aroud! anyone can study the posts on this site and become an overnight guru! there is no stone left unturned here NONE! any new folks such as myself take heed to these wise men(and womens!) advice. I can say that I did not and now I suffer the blow of having a perfect report really damaged by "Mega Inquirys". And the inner pain and embarassment of the dreaded denial letter. Listen to the wise ones....listen.
Done Chuck.
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: Sun Feb 26, 2006 3:04 am
Chazmanian, sure--you're saying that now. But soon you'll go to your mailbox and see a 15-month 0% offer for which you're pre-approved. You'll put it aside, even throw it away--but then you'll be fishing through your trash for the code and Web site and will soon be clicking away feeling the rush through your veins once more.
You're not going to stop until you hit bottom, fall into a ditch because of the weight of your wallet, find yourself buying things just to get the cash rebates. Then one day you will hear Dave Ramsey on the radio, cut up all your cards, and be saved. Until then, suffer through the profits and the twelve-page reports you download with your latest scores.
May your rewards be many and your chargebacks few.
_________________
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: Chazmanian
Posted: Sun Feb 26, 2006 9:47 pm
I have already fished in the past. Not just a top of the can skimmimg...But a full fledged Richard Pryor-like dig!(May he rest in peace) I will probably need to opt out of the prescreened stuff as they also generate those "Hard Pulls" after getting your app. Thanks for your tough love. I needed that!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: astounding
Posted: Mon Feb 27, 2006 4:41 am
I bet you the MAIN reason why you have a credit card addiction is
because it fulfills a need for variety in your life.
Yes it's a addiction. But just that you have it to new credit cards. Some people have it to new magazine subscriptions. Some to new movies (like my brother).
Here's a site I had bookmarked a long time ago on credit card addictions, I'm sure you can find some useful info there:
http://www.creditcardaddiction.com
-Andre
_________________
Here's a GREAT FREE resource with everything you'll EVER
need to know about credit/debt management, credit cards,
and applying for the BEST one:
=> http://www.Direct-Credit-Card.com/articles.php
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: Board Monitor
Board Monitor/ Administrator
Posted: Mon Feb 27, 2006 9:08 am
Interesting link astounding. Thanks for posting.
_________________
Best Regards,
Curtis Arnold
Board Monitor
http://www.cardratings.com
(501) 663-0314
Sign up for our free monthly e-mail newsletter!
CardRatings.com is the most comprehensive source for comparing credit card offers. Please visit CardRatings.com to view the best rated credit cards!
Guest: credithelp
Credit Expert (100+ Posts)
Posted: Mon Feb 27, 2006 7:03 pm
I'm kind of addicted to having the new and improved credit card that comes out. I don't have much of a problem with debt but just want the new card that comes out even if it doesnt really relate to what i need a card for(cash back,airline,etc)
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 2:19 PM
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