Comments on: Ten Commandments of Credit Cards http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/ Thoughts on Money, Investing and Life Wed, 08 Feb 2012 18:41:13 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Roger http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-3094 Roger Sat, 18 Dec 2010 02:31:02 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-3094 @Mary: Very true, if people didn't spend more than they could afford, there wouldn't be these kind of issues. @Rex: Heh, very true. Never forget that credit card companies aren't your friend or your benefactors, and you should come out alright. @Jhon: True, a debt settlement attorney can be helpful, particularly if your debt is starting to get too overwhelming. Hopefully, you can handle your debt without one, though. @Mary: Very true, if people didn’t spend more than they could afford, there wouldn’t be these kind of issues.

@Rex: Heh, very true. Never forget that credit card companies aren’t your friend or your benefactors, and you should come out alright.

@Jhon: True, a debt settlement attorney can be helpful, particularly if your debt is starting to get too overwhelming. Hopefully, you can handle your debt without one, though.

]]> By: Jhon Neil http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-2231 Jhon Neil Thu, 11 Nov 2010 12:48:42 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-2231 a debt settlement attorney can help with credit .-= Jhon Neil´s last blog ..<a href="http://consumercounseling.org/creditcardsforbadcred.html" rel="nofollow">credit cards for bad credit</a> =-. a debt settlement attorney can help with credit
.-= Jhon Neil´s last blog ..credit cards for bad credit =-.

]]> By: Rex Murphy http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-2026 Rex Murphy Sat, 04 Sep 2010 19:54:36 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-2026 As much as credit cards have become an absolute necessity for just about everyone, it's important to remember they're designed to make certain people money - and that's never the person who's using them. Thank you for the good tips on managing and reducing credit card debt. As much as credit cards have become an absolute necessity for just about everyone, it’s important to remember they’re designed to make certain people money – and that’s never the person who’s using them.

Thank you for the good tips on managing and reducing credit card debt.

]]> By: Mary http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-1979 Mary Mon, 09 Aug 2010 00:41:27 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-1979 The reason many people spend more than they have and endup being unable to pay for their credit cards is they dont live within their means. .-= Mary´s last blog ..<a href="http://feedproxy.google.com/~r/Joyinsidekenya/~3/iT2eX5-ikyY/credit-cards-how-to-pay-creditors-fast.html" rel="nofollow">CREDIT CARDS HOW TO PAY CREDITORS FAST</a> =-. The reason many people spend more than they have and endup being unable to pay for their credit cards is they dont live within their means.
.-= Mary´s last blog ..CREDIT CARDS HOW TO PAY CREDITORS FAST =-.

]]> By: Roger http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-1877 Roger Tue, 20 Jul 2010 02:03:26 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-1877 @DebT: Very true; carrying your cards around does make it easier to charge things. Good plan to keep from using your credit cards in a thrifty manner. @DebT: Very true; carrying your cards around does make it easier to charge things. Good plan to keep from using your credit cards in a thrifty manner.

]]> By: DebT http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-1863 DebT Fri, 16 Jul 2010 19:18:50 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-1863 It's just so easy to get into bad spending habits if I carry my cards around with me every day. The only way i can stay on top of them is to use cash, keep the cards at home, and only take them out after I've had time to think about the purchase. .-= DebT´s last blog ..<a href="http://www.rightstartllc.com/credit-card-debt-solutions" rel="nofollow">Credit Card Debt Solutions</a> =-. It’s just so easy to get into bad spending habits if I carry my cards around with me every day. The only way i can stay on top of them is to use cash, keep the cards at home, and only take them out after I’ve had time to think about the purchase.
.-= DebT´s last blog ..Credit Card Debt Solutions =-.

]]> By: Roger http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-1641 Roger Thu, 27 May 2010 00:58:50 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-1641 @Ava Davis: Fair enough; many people don't like using credit cards (or even having the temptation to use them), and cutting them out of your life is much better than giving in to temptation and winding up in trouble. Better to stay safe than sorry. @Scott: Another good list of advice; if more people kept a close eye on what they spend and ensured that they had enough available to cover the resulting bills, there'd be much less credit card related trouble in the world. @Ava Davis: Fair enough; many people don’t like using credit cards (or even having the temptation to use them), and cutting them out of your life is much better than giving in to temptation and winding up in trouble. Better to stay safe than sorry.

@Scott: Another good list of advice; if more people kept a close eye on what they spend and ensured that they had enough available to cover the resulting bills, there’d be much less credit card related trouble in the world.

]]> By: Scott @ Credit Repair Services http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-1628 Scott @ Credit Repair Services Tue, 25 May 2010 21:50:55 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-1628 The main reason you can’t pay your debt in full is because you spend more than what you are able to pay for. Don’t get carried away with the idea that you have greater spending power because of your credit card. Be mindful of your real purchasing power to avoid going beyond your spending limit. At the end of the day, what’s important is that you’ve been responsible in using your credit card. Avoid getting addicted to spending and make that credit card work for you instead. Don’t bite more than you can chew! The main reason you can’t pay your debt in full is because you spend more than what you are able to pay for. Don’t get carried away with the idea that you have greater spending power because of your credit card. Be mindful of your real purchasing power to avoid going beyond your spending limit.

At the end of the day, what’s important is that you’ve been responsible in using your credit card. Avoid getting addicted to spending and make that credit card work for you instead. Don’t bite more than you can chew!

]]> By: Ava Davis http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-1627 Ava Davis Tue, 25 May 2010 19:35:24 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-1627 i am not a fan of having credits and getting credits cards.-'* i am not a fan of having credits and getting credits cards.-’*

]]> By: Roger http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-866 Roger Sat, 30 Jan 2010 23:20:21 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-866 @Ace of Wealth: Thanks for the compliments. One of the things I always found annoying about most pieces of advice about credit card usage is the assumption that everyone has credit card debt. Most writers seem to believe that until you pick up their books, you don't have the capability of using credit wisely. I thought my list of suggestions should take the opposite view, starting with advice to people who have used their credit well so far and going onto those who had more trouble. @Ace of Wealth: Thanks for the compliments. One of the things I always found annoying about most pieces of advice about credit card usage is the assumption that everyone has credit card debt. Most writers seem to believe that until you pick up their books, you don’t have the capability of using credit wisely. I thought my list of suggestions should take the opposite view, starting with advice to people who have used their credit well so far and going onto those who had more trouble.

]]> By: Ace of Wealth http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-861 Ace of Wealth Sat, 30 Jan 2010 05:32:47 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-861 These are great tips. You acknowledge the important fact that not everyone is in the same place along their credit card journey. .-= Ace of Wealth´s last blog ..<a href="http://feedproxy.google.com/~r/aceofwealth/~3/nggNF7QICE8/" rel="nofollow">Book Review: Automatic Millionaire</a> =-. These are great tips. You acknowledge the important fact that not everyone is in the same place along their credit card journey.
.-= Ace of Wealth´s last blog ..Book Review: Automatic Millionaire =-.

]]> By: Personal Finance News Carnival Volume 10 http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-525 Personal Finance News Carnival Volume 10 Mon, 16 Nov 2009 19:21:45 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-525 [...] Amateur Financier presents Ten Commandments of Credit Cards posted at The Amateur Financier, saying, “Advice on how to use credit cards properly, as well [...] [...] Amateur Financier presents Ten Commandments of Credit Cards posted at The Amateur Financier, saying, “Advice on how to use credit cards properly, as well [...]

]]> By: uberVU - social comments http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-473 uberVU - social comments Wed, 04 Nov 2009 00:20:18 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-473 <strong>Social comments and analytics for this post...</strong> This post was mentioned on Twitter by georgia3187: Ten Commandments of Credit Cards http://bte.tc/qkR #RTW... Social comments and analytics for this post…

This post was mentioned on Twitter by georgia3187: Ten Commandments of Credit Cards http://bte.tc/qkR #RTW…

]]> By: Ping Services | Mortage Refinance Advice http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-424 Ping Services | Mortage Refinance Advice Sun, 25 Oct 2009 21:25:27 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-424 [...] Ten Commandments of Credit Cards Credit cards have become a regular part of most of our lives. Most of us use them as our major method of paying for our purchases. A large portion of them (including me) even make it our primary method of payment, because of the ease of use, the rewards offered…… [...] [...] Ten Commandments of Credit Cards Credit cards have become a regular part of most of our lives. Most of us use them as our major method of paying for our purchases. A large portion of them (including me) even make it our primary method of payment, because of the ease of use, the rewards offered…… [...]

]]> By: The Benefits of Consolidating Credit Card Debt | Mortage Refinance Advice http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-412 The Benefits of Consolidating Credit Card Debt | Mortage Refinance Advice Fri, 23 Oct 2009 07:42:21 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-412 [...] Ten Commandments of Credit Cards Credit cards have become a regular part of most of our lives. Most of us use them as our major method of paying for our purchases. A large portion of them (including me) even make it our primary method of payment, because of the ease of use, the rewards offered…… [...] [...] Ten Commandments of Credit Cards Credit cards have become a regular part of most of our lives. Most of us use them as our major method of paying for our purchases. A large portion of them (including me) even make it our primary method of payment, because of the ease of use, the rewards offered…… [...]

]]> By: Roger http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-404 Roger Thu, 22 Oct 2009 14:22:59 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-404 FS, In general, the procedure would be that the credit card company would charge you only on the portion of the bill you did not pay off. You only owe them one dollar, so they should only charge you for interest on that amount you owe. Think of it this way: you aren't charged any interest for the money you put on your cards and pay off each month, right? (I know I'm not.) That shouldn't change even if you don't pay off every cent of your debt; the amount you do pay back isn't charged any interest provided you pay it off during the grace period, while the amount you don't accrues interest (usually daily). Now, this is assuming that the credit card company doesn't have something in their fine print that allows them to charge interest during the grace period (or more easily, and less duplicitously, simply not have a grace period), in which case you could be charged interest from the day you make the charge (I believe this is how most cards handle cash advances, actually). There's also double-cycle billing, where the company charges you for the average outstanding debt you had over the past two months, which could also be used to make you pay interest on a debt you already cleared. But that practice will be against the law as of next year, so don't worry too much about it. FS,

In general, the procedure would be that the credit card company would charge you only on the portion of the bill you did not pay off. You only owe them one dollar, so they should only charge you for interest on that amount you owe. Think of it this way: you aren’t charged any interest for the money you put on your cards and pay off each month, right? (I know I’m not.) That shouldn’t change even if you don’t pay off every cent of your debt; the amount you do pay back isn’t charged any interest provided you pay it off during the grace period, while the amount you don’t accrues interest (usually daily).

Now, this is assuming that the credit card company doesn’t have something in their fine print that allows them to charge interest during the grace period (or more easily, and less duplicitously, simply not have a grace period), in which case you could be charged interest from the day you make the charge (I believe this is how most cards handle cash advances, actually). There’s also double-cycle billing, where the company charges you for the average outstanding debt you had over the past two months, which could also be used to make you pay interest on a debt you already cleared. But that practice will be against the law as of next year, so don’t worry too much about it.

]]> By: Financial Samurai http://www.theamateurfinancier.com/blog/ten-commandments-of-credit-cards/#comment-398 Financial Samurai Tue, 20 Oct 2009 22:56:37 +0000 http://www.theamateurfinancier.com/blog/?p=1052#comment-398 Hey Rog, Can you verify something for me? Because I pay off my credit card every month, I'm not entirely sure about this. Let's say you have a $1,000 CC bill due this month and you pay off $999. Does the CC company charge you for the full $1,000 in interest? Or, do they charge for you for the remaining $1? I think it's the former right? Hey Rog,

Can you verify something for me? Because I pay off my credit card every month, I’m not entirely sure about this.

Let’s say you have a $1,000 CC bill due this month and you pay off $999. Does the CC company charge you for the full $1,000 in interest? Or, do they charge for you for the remaining $1?

I think it’s the former right?

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