New Credit Card Rules...

Now that the government stepped in: wimpy as it is.

The banks still are running this country, didn't used to be.

Will this help your buying of disc golf products?

Make you more thrifty?

The banks made billions in charges last year.....

Sorry,

do not have any sympathy for banks anymore....

Hear that credit unions are getting more business.

[Jamie 'gr8rocshot' Ruane]

You don't like paying high interest rates? Don't carry a balance.


Correct if I'm wrong...but as i remember the only card co that does not charge you the APR on purchases made and paid in the same billing cycle is AMEX....but always carried a higher rate with annual fees.

Here's the real pisser...pay off your card balance.....keep your card for whatever reasons...emergency...whatever...No balance...you'll now be charged...on top of an annual fee....an inactivity fee.

[Disc Nation]

In my experience none of the major credit cards will charge you any interest provided you pay your bill in full each month. Where they get you (or at least one of the ways they get you) is by charging you interest on purchases made in the current month if you did not pay your bill in-full & on-time the previous month.

So, as Peter said, if you pay in full every month, then there are is no interest. This has been my experience with Visa, MC, AMEX, and Discover.

[edism]

Maybe a little off topic but many people do not realize that Credit Card companies make money every time you use one. They just make less if you pay off the balance every month.

They charge the business you are purchasing from a certain percentage for every transaction.

Cash and checks (as long as it a good check) means the business gets 100% of the funds you spent there. Just something to think about when supporting your favorite businesses.

[Ben Calhoun]

Do the math- if credit takes out a 5% fee, and the profit margin is 40%, then paying by credit hurts the business by taking 1/8th of the $ they would have made off your sale. We love cash at the Shop.

[Disc Player Sports]

It was amazing how all the credit cards that DPS holds, decided to raise interest rates, on existing amounts.
Try getting a small business loan now. (Laughter in background).
Truth of the matter:
banks went wild
overextended themselves
we bailed them out
they got off the hook
gave themselves raises
charged extreme fees
lacked sympathy to small business and now the unemployed
did I miss anything?
You can't blame those for using credit.
If you have a well paying job, great pay off your debt.
Now move to say Detroit, Flint, Las Vegas and try to get a job.....

It has to get better!

[Jamie 'gr8rocshot' Ruane]

Yeah!! you forgot...loaning money to those who only met the simple criteria of being able to fog a mirror....lmao!!!

[discgolfdady]

greed greed greed the banks and credit card companies have been fleecing america for too long. Use cash if you dont have it, dont attempt to borrow for it . The more we try to make the system difficult to bleed every dime out of everybody the more our country suffers . No more cc purchases for disc golf stuff here either ( except the memorial podcast).

[Disc Player Sports]

Use your debit card.
Cash right out.
But realize at the merchant end there still is a fee for the transaction 2-3% depends on the contract.
Also a monthly fee for the service.......

[Jamie 'gr8rocshot' Ruane]

The problem with Debit...is in theory it's supposed to be instantaneous...however the banks don't always do that...creating risk for the card holder to become overdrawn....pure 100% profit for the banks

[Ben Calhoun]

Yeah that is a sweet scam right there, so easy for them to manipulate when the payments go through and blame it on something else when really they're controlling it to get those 35$ fees here and there, and you did nothing wrong.

[Jamie 'gr8rocshot' Ruane]

Dirty Pool!!!

[ROBEY the one.]

i use my debit card only, dont have a cc. i also have all my money in a small local credit union who my debit card is issued through, no overdrafts just auto trannsfers from savings. works for me, try it out.... better than fees and 21.6%.