The URL parser is homophobic (+ applications for personal finance (+ warm clothing))
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Here's a crazy idea, Get 1-5% cash back and do that.
Meh. I prefer to not give any money to credit card companies. They are despicable businesses. I realize that I still am doing so by using my debit card, but at least they cannot tack on finance charges even if I pay on time. (Which has and does happen.)
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Especially purchase things like airline tickets, because there are also other procedures that can help you out. Back in 198x, I bought an airline ticket and, 3 days before the trip, the airline went bankrupt. Called it in to the credit card company, they refunded the charge and filed with the bankruptcy court, so I didn't have to deal with the charge or the bankruptcy.
My debit card is a Bank of America card with a VISA logo. It has the exact same fraud protection as a credit card with a VISA logo, I asked the bank about that once after I had my identity stolen and a few thousand run up on my card. It was no problem.
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Homophobia is one thing; outright hostility is another. I bought Goat Simulator for iPad the other day, and this is what turned up in my bank statement:
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I think they're supposed to release that hold when your payment posts. Maybe they have a bug? (Now who would care about a bug that results in a hold on the customer's account?
Sorry for all the individual posts. Quote-replying on mobile is rubbish.
It may just be my bank. I think things like that are only processed once a day at midnight.
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Meh. I prefer to not give any money to credit card companies. They are despicable businesses. I realize that I still am doing so by using my debit card, but at least they cannot tack on finance charges even if I pay on time. (Which has and does happen.)
I prefer to use a credit card if only for the $50 credit vs $500 debit fraud deductible. Make sure you can pay it off every month and you'll be okay.
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That has to be an Orlando thing? I have recently gotten cars from Enterprise with nothing more than a hold on my debit card.
I don't know if it's only Orlando, I didn't ask. I just found out I could do it at that branch, which due to local integration, means anywhere in Orlando. (You can rent from any Orlando area branch and return at any other Orlando area branch, for example.)
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But not using a credit card can force you to jump through other hoops.
I am OK with that. Better than dealing with debt.
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I am OK with that. Better than dealing with debt.
I can second that. But you can just pay it in full every month. Oh, and the rental company needs a credit card for above stated reasons when renting, but they'll take my debit card for payment when I return it.
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I prefer to use a credit card if only for the $50 credit vs $500 debit fraud deductible.
What are you talking about? AFAIK, my fraud protection is identical to a credit card. I have used it before when I lost my debit card after a night at the pub. The money was back in my account almost immediately.
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Maybe the companies you dealt with are shit, but there should be no interest charged if you paid last months bill in full and paid the current month's bill in full.
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Oh, and the rental company needs a credit card for above stated reasons when renting
I have literally never had an issue, with the exception of a hold. I consider the hold nonpoint. I have never been told I could not rent a car, and we travel a lot.
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Maybe the companies you dealt with are shit,
All credit card companies are shit. :-P
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I can definitely respect that, but with no payment history, there's no proof of not being a deadbeat (again, not saying you are, that's just the default assumption made from a risk point of view)
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I disagree.
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I can definitely respect that, but with no payment history, there's no proof of not being a deadbeat
I am OK with them thinking that of me. I think the same of them. I just don't play their game.
"So you're telling me I have to borrow money to prove that I am worthy of borrowing money?"
Yeah, fuck them. I will just pay cash.
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Credit Card Loss or Fraudulent Charges
Under the FCBA, your liability for unauthorized use of your credit card tops out at $50. However, if you report the loss before your credit card is used, the FCBA says you are not responsible for any charges you didn’t authorize. If your credit card number is stolen, but not the card, you are not liable for unauthorized use.
ATM or Debit Card Loss or Fraudulent Transfers.
If you report an ATM or debit card missing before someone uses it, the EFTA says you are not responsible for any unauthorized transactions. If someone uses your ATM or debit card before you report it lost or stolen, your liability depends on how quickly you report it:http://puu.sh/hFwgR/7685ed9d4f.png
If someone makes unauthorized transactions with your debit card number, but your card is not lost, you are not liable for those transactions if you report them within 60 days of your statement being sent to you.
From http://www.consumer.ftc.gov/articles/0213-lost-or-stolen-credit-atm-and-debit-cards
So if you aren't checking your statement every two days, you're at a pretty good risk at losing $500 if someone gets ahold of your debit card number and CCV
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So if you aren't checking your statement every two days, you're at a pretty good risk at losing $500 if someone gets ahold of your debit card number and CCV
Well, only if you lose the card. I am unlikely to go 2 hours without realizing my card is gone.
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Eh, I need to read better
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I can definitely respect that, but with no payment history, there's no proof of not being a deadbeat (again, not saying you are, that's just the default assumption made from a risk point of view)
Right; but it's a shitty and utterly unfair assumption that harms a lot of people in a very real way.
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I disagree that it is unfair. If a random person walked up to you on the street and asked you to lend them $Xk and they'll pay you back over the course of 2 years would you trust them? I wouldn't.
It would be another matter entirely if you had to pay interest to a bank to get a good credit score, but you don't.
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I don't give a shit about FTC.gov. My bank and my card changed me nothing, even though I didn't notice the fraud for about 4 days.
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What is unfair is making people think they need a high credit score.
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I disagree that it is unfair. If a random person walked up to you on the street and asked you to lend them $Xk and they'll pay you back over the course of 2 years would you trust them? I wouldn't.
No; but I also wouldn't trust them if they said, "oh BTW the last random dude I asked? I paid him back." So it's kind of a stupid example.
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Congrats for not having a scumbag bank. I also enjoy not having a scumbag bank. A lot of people deal with scumbag banks though.
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It would be another matter entirely if you had to pay interest to a bank to get a good credit score, but you don't.
Do you know what credit card companies call people who do what you do? (Pay off your balance every month, etc) They call you a "deadbeat".
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I mean, it's not like it isn't important if you're trying to get a mortgage or an auto loan, but I do agree that the scummy things that Experian did with freecreditreport.com and freecreditscore.com are despicable.
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It sucks and is unfair, but so is life. It's why I recently got a low limit one; didn't have enough things reporting to have a score and it's easier getting credit if need be with one.
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No they don't. I still generate money for them through interchange fees.
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Yes they do.
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I argue that the term has lost its connotation as "someone who pays off their credit card balance"; only the denotation survives.
OR - my life experiences have not been identical to yours.
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Or just Google "credit card deadbeat" for yourself.
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For one, those are old articles, for two, none of those are actually from card issuers.
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none of those are actually from card issuers.
Riiiight, as though they would put that on their official site? Show me where on Apple's site they refer to their customers as "fucking idiots who will buy whatever we shit out and will love us for it".
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I'm not trying to say that they don't prefer people who continually carry a balance but pay on time, but it's not like they're losing money on me. There is no way they are losing money on me.
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They are not, but they have still lumped you in the bucket of "deadbeats". I don't do business with fucking assholes like that.
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I'm not trying to say that they don't prefer people who continually carry a balance but pay on time,
They actually prefer people who carry a balance and don't pay on time.
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people who do what you do? (Pay off your balance every month, etc) They call you a "deadbeat".
I wonder how long it's going to be before we start seeing ordinary citizens mount apparently sincere arguments that paying credit card bills in full as soon as they arrive is an immoral, sociopathic act, every bit as bad and destructive to the businesses we all rely on as browsing with an ad blocker.
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That reminds me - someone actually wrote an article where they recommended that you carry a balance every month. Nope, no conflicts of interest here...
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That reminds me - someone actually wrote an article where they recommended that you carry a balance every month.
Well, it does increase your credit score. ;-)
I could go on forever on why I don't do credit. Fuck them, I just don't play their game. I stopped borrowing money (except for the mortgage) over a decade ago. No regrets.
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No it fucking doesn't
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Yes, it does.
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They actually prefer people who carry a balance and don't pay on time.
There is no way they prefer for someone to not pay on time. That's like saying you prefer someone not paying off their mortgage.
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They make money on the interest...? So yes. It doesn't make sense in a vacuum, but when you add in the stock market, yes, it makes sense. They have enough of a cash cushion from the interest payments that they can afford to go after people for the interest payments.
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No, it does not. You need to go read up on how FICO is calculated if you think that's the case. Amount of interest paid does not factor into FICO in any way. Utilization does, but that is the amount of credit limit used : credit limit (which you aren't charged interest on unless you don't pay your bill in full by the due date), it has no memory, and is only ~15% or so of your score.
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They make money on the interest even if you pay on time. They only thing they get when you don't pay on time is a fee, and I guess higher interest automatically. That's a pretty thin line though because it means you would prefer people who pay late a single time and never pay late again.
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There is no way they prefer for someone to not pay on time. That's like saying you prefer someone not paying off their mortgage.
Really? No way they would prefer people that they can tack a shit load of fees on to their balance for basically free money? Noooooo, no way they would prefer that. That is nonsense.
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a shit load of feesliterally $35Yep, I'll totally trade a good, on time, consistent debtor for a shitty one for $35. Can we do that trade tomorrow?