topic Re: What causes the "app itch"? in Credit Cards

What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 20:31:35 GMT

Per other members, a separate thread should be made. Discuss!!!!

Edit: someone beat me to it :smileyvery-happy:

Re: What causes the "app itch"?

afbar1114 — Fri, 23 Mar 2012 20:31:29 GMT

wanting more credit lol...rebuilding my credit wanting a better card rewards apr amount of credit...something new?

Re: What causes the "app itch"?

FrugalRican — Fri, 23 Mar 2012 20:31:58 GMT

What I call the "DO SOMETHING NOW" syndrome.

In this day and age of quick information, knowledge and fixes, waiting months upon months for the credit situation to slowly resolve itself and grow (AKA the garden) can be quite aggravating. To some, apping gives a sense of control over their situation while just waiting can mean that the situation controls them.

Re: What causes the "app itch"?

TeeandDee — Fri, 23 Mar 2012 20:34:40 GMT

This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Re: What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 20:34:32 GMT

TeeandDee wrote:
This forum "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

So true!!!

Re: What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 20:34:57 GMT

FrugalRican wrote:
What I call the "DO SOMETHING NOW" syndrome.

In this day and age of quick information, knowledge and fixes, waiting months upon months for the credit situation to slowly resolve itself and grow (AKA the garden) can be quite aggravating. To some, apping gives a sense of control over their situation while just waiting can mean that the situation controls them.

Re: What causes the "app itch"?

Cdnewmanpac — Fri, 23 Mar 2012 20:42:19 GMT

TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

Re: What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 20:43:07 GMT

Cdnewmanpac wrote:
TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

:smileyindifferent:

Re: What causes the "app itch"?

bichonmom — Fri, 23 Mar 2012 20:49:08 GMT

For 10 years, I couldn't get credit to save my life! After waiting 10 yrs for a BK to fall off, and another 2 to rebuild credit, it's such a nice feeling to know I can be approved for credit again. It's like I'm in a club that I couldn't join before.

I think Frugal is right. In so many ways, credit is something we have no control over. We can't control our FICO. And one mistake -- like heaven forbid be 1 day late on a payment -- stays with you for 7 years. IMO, that's very punitive. Apping is one area where we do have some control. We can choose to app or not. So, it could be exerting control in a situation where we have very little.

I get so excited about getting credit that I have to remind myself it's not really a big deal. I mean, it's not free money. If I charge something, I have to pay for it, and if I don't PIF, then I pay through the nose in interest (which I'm unwilling to do). Credit is really a means to an end -- you *need* credit to get things you want -- like a car and house. The cards themselves really shouldn't give me such a buzz, but they do. :smileysurprised:

Re: What causes the "app itch"?

To-Be-Continued — Fri, 23 Mar 2012 20:54:16 GMT

Visiting dirty apps. Just sayin :smileytongue:

TBC

Re: What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 20:57:01 GMT

To-Be-Continued wrote:
Visiting dirty apps. Just sayin :smileytongue:

TBC

:smileyvery-happy:

Re: What causes the "app itch"?

Cdnewmanpac — Fri, 23 Mar 2012 21:01:36 GMT

LS2982 wrote:
Cdnewmanpac wrote:
TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

:smileyindifferent:

To summarize: participation in online forums influences our behavior, that behavior tends to become more extreme over time, this happens unintentionally. In other words, the "app itch" is caused, to some degree, by participation in this forum.

Re: What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 21:03:00 GMT

Cdnewmanpac wrote:
LS2982 wrote:
Cdnewmanpac wrote:
TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

:smileyindifferent:
To summarize: participation in online forums influences our behavior, that behavior tends to become more extreme over time, this happens unintentionally. In other words, the "app itch" is caused, to some degree, by participation in this forum.

Gotcha!! I agree. But if you really want that prize you have to control it!

Re: What causes the "app itch"?

FrugalRican — Fri, 23 Mar 2012 21:05:52 GMT

Cdnewmanpac wrote:
LS2982 wrote:
Cdnewmanpac wrote:
TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

:smileyindifferent:
To summarize: participation in online forums influences our behavior, that behavior tends to become more extreme over time, this happens unintentionally. In other words, the "app itch" is caused, to some degree, by participation in this forum.

I definitely agree with it.

It's a double-edged sword. Had it not been for these forums, I probably wouldn't have an AMEX BCE, but if it weren't for my sense of self-control and willpower, I'd probably have 13 more cards. The "Keeping up with the joneses" makes it way into some of the threads sometimes. You see the other guy app and get the 60K bonus miles and see his info is relatively similar to yours, so why not... and then you post about how you might app... and then someone else chimes in "DO IT!", so at that point, you got the validation you needed... except, the other people aren't getting hit with INQ's but you are.

I wonder if people DID get hard pulls for suggesting credit card apps, if we'd see a much deader Credit Card forum.

Re: What causes the "app itch"?

To-Be-Continued — Fri, 23 Mar 2012 21:16:39 GMT

FrugalRican wrote:
Cdnewmanpac wrote:
LS2982 wrote:
Cdnewmanpac wrote:
TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

:smileyindifferent:
To summarize: participation in online forums influences our behavior, that behavior tends to become more extreme over time, this happens unintentionally. In other words, the "app itch" is caused, to some degree, by participation in this forum.
I definitely agree with it.
It's a double-edged sword. Had it not been for these forums, I probably wouldn't have an AMEX BCE, but if it weren't for my sense of self-control and willpower, I'd probably have 13 more cards. The "Keeping up with the joneses" makes it way into some of the threads sometimes. You see the other guy app and get the 60K bonus miles and see his info is relatively similar to yours, so why not... and then you post about how you might app... and then someone else chimes in "DO IT!", so at that point, you got the validation you needed... except, the other people aren't getting hit with INQ's but you are.

I wonder if people DID get hard pulls for suggesting credit card apps, if we'd see a much deader Credit Card forum.

Who does that? :smileyvery-happy:

Re: What causes the "app itch"?

FrugalRican — Fri, 23 Mar 2012 21:17:39 GMT

Indeed, who does that. I believe you'd be sharing my hard pull for the Discover More and Revelate for the AMEX BCE.

Thus proving CD's posting.

Re: What causes the "app itch"?

Booner72 — Fri, 23 Mar 2012 22:02:19 GMT

It is an addiction like gambling. And reading the forum about other's successes is a trigger.

I'm going to bet that a lot of us here have addictive tendencies (Alcohol, drugs, cigs, gambling, sex, etc).

Re: What causes the "app itch"?

bichonmom — Fri, 23 Mar 2012 22:06:24 GMT

FrugalRican wrote:
Cdnewmanpac wrote:
LS2982 wrote:
Cdnewmanpac wrote:
TeeandDee wrote:
This "Credit Card" forum! LOL!!! All the great news about "Just got approved for this card" or got this offer in the mail!" or that card!!!!

Don't laugh. This is part of the answer: Onnela JP, Reed-Tsochas F, Spontaneous emergence of social influence in online systems, Proc Natl Acad Sci USA, 2010 Oct 26; 107(43): 18375-80

:smileyindifferent:
To summarize: participation in online forums influences our behavior, that behavior tends to become more extreme over time, this happens unintentionally. In other words, the "app itch" is caused, to some degree, by participation in this forum.
I definitely agree with it.
It's a double-edged sword. Had it not been for these forums, I probably wouldn't have an AMEX BCE, but if it weren't for my sense of self-control and willpower, I'd probably have 13 more cards. The "Keeping up with the joneses" makes it way into some of the threads sometimes. You see the other guy app and get the 60K bonus miles and see his info is relatively similar to yours, so why not... and then you post about how you might app... and then someone else chimes in "DO IT!", so at that point, you got the validation you needed... except, the other people aren't getting hit with INQ's but you are.

I wonder if people DID get hard pulls for suggesting credit card apps, if we'd see a much deader Credit Card forum.

+1!

Re: What causes the "app itch"?

LS2982 — Fri, 23 Mar 2012 22:06:53 GMT

No real addictions here for me.....except myFICO forums!

Re: What causes the "app itch"?

afbar1114 — Fri, 23 Mar 2012 22:08:30 GMT

LS2982 wrote:
No real addictions here for me.....except myFICO forums!

now now dont lie..we both have addictions for apping