Searching for Best Credit Card Offer (cont'd.)
Guest: fenster
Post subject: Searching for Best Credit Card Offer
Credit Expert (100+ Posts)
Posted: Fri Mar 17, 2006 8:07 pm
Nathan wrote:
Anyone find any good issuers other than the basics; BofA, MBNA, Chase, AMEX, HSBC, Citi, National City, credit unions...and the notoriously bad Cap1 and Providian?
E*Trade Financial, a real class act of a bank. Back in 2003, it wasn’t necessary to have an account with them to apply for their platinum card. Today? You’ve to check.
With E Trade you can expect below 10% fixed APR (if your score remains fairly stable), no fee for BTs and a high limit.
Quote:
how does RBS view other debts? Do they get shaky in the knees with some overall exposure level? What about Wells? The reason I ask is I float anywhere from $5,000 to $100,000 at any given time and AMEX, Citi, Chase, BofA are the ones that don't seem to quiver.
Yes, they do “get shaky at the knees”, they’re a conservative bank who will regard your flash as a liability.
_________________
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: fenster
Credit Expert (100+ Posts)
Posted: Fri Mar 17, 2006 8:30 pm
By the way, with glutinous corporate cannibals like BofA and the anti Christ Chase, the days of big monopolist, manipulative trusts are makin’ a come back. Choice, the bedrock of our market economy system, is being eviscerated.
And who’s in the middle suckin’ on it? Decent American consumers. This credit card industry has plainly rum amuck, unless its greed is checked anytime soon, defaults may reach the trillion figure.
We need a consumer advocate, maverick congressman, not unlike Erin Brokovich to take on the bas…
_________________
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: stevejk
Credit Expert (100+ Posts)
Posted: Mon Mar 20, 2006 10:54 am
Back in the days of usury laws, there were low caps on unsecured loans. Credit cards are unsecured loans. Back in the day, credit cards were hard to come by and with low limits. If you can't charge higher interest for higher risk loans, then why take the risk. This is why "junk bonds" have higher interest rates than "safe" Treasury bonds.
When the usury laws in South Dakota and New Jersey were lifted, it allowed banks to take more risk, balancing it with higher interest rates. Granted, the pendulum may have swung too far the other way, with good reliable customers being charged obscene interest rates and other fees.
But then again, credit cards are just unsecured loans, unlike secured loans like car loans and mortgages. With no capital backing up the loan, they are inherently more risky. Even a good reliable customer can suffer head trauma and go wild on their CC and cause trouble.
Credit cards, their fees and interest rates, are all optional, keep in mind. There is no requirement to carry a credit card or use it or go wild with it. It is a good idea to get a CC and use it responsibly so that it builds a good credit report which will help in other ways. The fees and intrest rates can all be avoided by responsible use. I have not paid an annual feed on a C in years. I have not paid a late fee or missed a payment in years. I have not paid interest charges in years. Okay, granted, mistakes happen (check lost in the mail, forgot to mail the check) but otherwise responsible.
If we do go back to the days of Usury laws limiting fees and interest rates, availability of credit will dry up and annual fees will return. I'll keep my oldest card(s) for my credit history, but go back to cash, checks, or debit card for purchases.
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: Mon Mar 20, 2006 11:19 am
There's not a change in the world we're going to go back to the old usury-limited days. Our wonderful government is controlled by the corporations who fund/bribe the politicans. (Does that sound cynical--or realistic?) That's not going to be reversed.
And what was so good about the old days? I remember them--credit card interest rates were 18% if you carried a balance. That was the usury limit, and the banks charged the maximum. Today, the average rate for those carrying debts is around 13%--much better.
_________________
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: dropship
Posted: Fri Mar 24, 2006 2:48 pm
There are many banks out there that offer different card programs for rewards, low apr, etc. For instance Bank of America can have one version of American Express, but Bank of Omaha can have a totally different one. They're out there, you just have to do your research.
_________________
http://www.CreditCardsChoices.com
Search for Hundreds of New Credit Cards & Apply Right Online. Instant Approval
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: Searching for Best Credit Card Offer
Credit Expert (100+ Posts)
Posted: Fri Mar 17, 2006 8:07 pm
Nathan wrote:
Anyone find any good issuers other than the basics; BofA, MBNA, Chase, AMEX, HSBC, Citi, National City, credit unions...and the notoriously bad Cap1 and Providian?
E*Trade Financial, a real class act of a bank. Back in 2003, it wasn’t necessary to have an account with them to apply for their platinum card. Today? You’ve to check.
With E Trade you can expect below 10% fixed APR (if your score remains fairly stable), no fee for BTs and a high limit.
Quote:
how does RBS view other debts? Do they get shaky in the knees with some overall exposure level? What about Wells? The reason I ask is I float anywhere from $5,000 to $100,000 at any given time and AMEX, Citi, Chase, BofA are the ones that don't seem to quiver.
Yes, they do “get shaky at the knees”, they’re a conservative bank who will regard your flash as a liability.
_________________
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: fenster
Credit Expert (100+ Posts)
Posted: Fri Mar 17, 2006 8:30 pm
By the way, with glutinous corporate cannibals like BofA and the anti Christ Chase, the days of big monopolist, manipulative trusts are makin’ a come back. Choice, the bedrock of our market economy system, is being eviscerated.
And who’s in the middle suckin’ on it? Decent American consumers. This credit card industry has plainly rum amuck, unless its greed is checked anytime soon, defaults may reach the trillion figure.
We need a consumer advocate, maverick congressman, not unlike Erin Brokovich to take on the bas…
_________________
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: stevejk
Credit Expert (100+ Posts)
Posted: Mon Mar 20, 2006 10:54 am
Back in the days of usury laws, there were low caps on unsecured loans. Credit cards are unsecured loans. Back in the day, credit cards were hard to come by and with low limits. If you can't charge higher interest for higher risk loans, then why take the risk. This is why "junk bonds" have higher interest rates than "safe" Treasury bonds.
When the usury laws in South Dakota and New Jersey were lifted, it allowed banks to take more risk, balancing it with higher interest rates. Granted, the pendulum may have swung too far the other way, with good reliable customers being charged obscene interest rates and other fees.
But then again, credit cards are just unsecured loans, unlike secured loans like car loans and mortgages. With no capital backing up the loan, they are inherently more risky. Even a good reliable customer can suffer head trauma and go wild on their CC and cause trouble.
Credit cards, their fees and interest rates, are all optional, keep in mind. There is no requirement to carry a credit card or use it or go wild with it. It is a good idea to get a CC and use it responsibly so that it builds a good credit report which will help in other ways. The fees and intrest rates can all be avoided by responsible use. I have not paid an annual feed on a C in years. I have not paid a late fee or missed a payment in years. I have not paid interest charges in years. Okay, granted, mistakes happen (check lost in the mail, forgot to mail the check) but otherwise responsible.
If we do go back to the days of Usury laws limiting fees and interest rates, availability of credit will dry up and annual fees will return. I'll keep my oldest card(s) for my credit history, but go back to cash, checks, or debit card for purchases.
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: Mon Mar 20, 2006 11:19 am
There's not a change in the world we're going to go back to the old usury-limited days. Our wonderful government is controlled by the corporations who fund/bribe the politicans. (Does that sound cynical--or realistic?) That's not going to be reversed.
And what was so good about the old days? I remember them--credit card interest rates were 18% if you carried a balance. That was the usury limit, and the banks charged the maximum. Today, the average rate for those carrying debts is around 13%--much better.
_________________
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: dropship
Posted: Fri Mar 24, 2006 2:48 pm
There are many banks out there that offer different card programs for rewards, low apr, etc. For instance Bank of America can have one version of American Express, but Bank of Omaha can have a totally different one. They're out there, you just have to do your research.
_________________
http://www.CreditCardsChoices.com
Search for Hundreds of New Credit Cards & Apply Right Online. Instant Approval
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 5:22 PM
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