Credit Cards

[MrCredit]

Should I stop now? Look at my signature. Is there anything possibly out there that I can get that is better rewards wise?

[Happychap]

NOOO!! you can never stop!!! there is and always will be be better cards!!! )) Soooo what are you waitng for! get applying for more

[Epcot]

Very impressive! How many inquiries currently showing?

[distantarray]

My stack of collection   haha jk

http://www.fivecentnickel.com/2012/06/08/extreme-credit-card-collections/

[Elcid89]

If you don't have USAA's Rate Advantage card, it might be worth looking into. No rewards, but the lowest rate in the industry, by far.

[distantarray]

I dunno I prefer 7.24% on my Navy card WITH rewards

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Elcid89 wrote:

If you don't have USAA's Rate Advantage card, it might be worth looking into. No rewards, but the lowest rate in the industry, by far.

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[Elcid89]

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distantarray wrote:

I dunno I prefer 7.24% on my Navy card WITH rewards

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Elcid89 wrote:

If you don't have USAA's Rate Advantage card, it might be worth looking into. No rewards, but the lowest rate in the industry, by far.

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LOL, I have 5.75% on Rate Advantage.

[distantarray]

it's all about the rewards ;p

besides if you pay off the balance in full you don't owe anything, and I don't plan on carrying a balance ever so why worry?

I have more than enough funds to max out all my cards 50k+ and pay them off a few times so not worried =) it's called emergency funds =D

btw does USAA have anything like NavCheck?

[Elcid89]

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distantarray wrote:

it's all about the rewards ;p

besides if you pay off the balance in full you don't owe anything, and I don't plan on carrying a balance ever so why worry?

I have more than enough funds to max out all my cards 50k+ and pay them off a few times so not worried =) it's called emergency funds =D

btw does USAA have anything like NavCheck?

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LOL, no, it's called rate premium spread. Why should I tie funds up in paying off this debt or that debt when I can earn more on them elsewhere?

I agree that emergency funds are important, and to that end I keep 6 months of projected expenses sitting in a money market account (crap yield, but easily accessible.) Anything beyond that is missed return.

So, in essence, when making a major purchase, I can either 1) pay it off immediately, and thereby lose any future use of the funds from a return generating standpoint or 2) pay it off over time and utilize the funds elsewhere to garner a return which is superior to the rate I'm paying on the carried debt.

One has the option of paying 0% for a purchase or earning a net return on the purchase. I'll take the net return every time.

[webhopper]

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distantarray wrote:

My stack of collection   haha jk

http://www.fivecentnickel.com/2012/06/08/extreme-credit-card-collections/

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Hays I thought this was for real until I squires my eyes later and found the j/k