topic Re: Credit Card Addiction in Credit Cards

Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 00:12:41 GMT

Does anyone believe in it or think you can have a addiction to credit cards. I says yes or maybe a shopping addiction.

Re: Credit Card Addiction

jaxstraw — Tue, 15 Jul 2008 00:18:06 GMT

Absolutely !!!!!

As a reformed alcoholic I definitely see the tendencies to have the thrills associated with application process.

All addictions follow the same patterns at heart and applying over and over is really just like gambling. A high when you succeed , the anticipation of a reward , the need or want to do it again even when you tell yourself you won't, etc.

That's why there's a Sleigh/Concorduser Center.

Jax

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 00:21:07 GMT

what? a problem? not me, i don't have a problem. i can stop anytime i want.

maybe you have the problem?!

Re: Credit Card Addiction

Watchmann — Tue, 15 Jul 2008 00:44:48 GMT

Absolutely .... just look at many of the posts here. Many chase new cards, CLI's, reward points and any other aspect of CC's with glee. In fact, it's a bit scary. It's almost a game to many.

Re: Credit Card Addiction

Scamp — Tue, 15 Jul 2008 00:54:51 GMT

imducky wrote:
what? a problem? not me, i don't have a problem. i can stop anytime i want.

maybe you have the problem?!

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 02:47:48 GMT

I completely agree. People can become addicted to the rush that comes over them when they see the Approved screen with a shiny new CL staring them back.

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 03:01:18 GMT

I must get a rush from seeing you will receive a reply in 7-10 days and then denied or something. Imma have to find a way to get some approvals. This is depressing.

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 03:09:59 GMT

Yup, that's why I got my Amex charge. I have to pay in full each month. Kinda takes the rush out of swiping my cards! Pay or die!!!!

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 03:18:29 GMT

Almost?

It is a game-

You just have to know the rules to win.

Watchmann wrote:

Absolutely .... just look at many of the posts here. Many chase new cards, CLI's, reward points and any other aspect of CC's with glee. In fact, it's a bit scary. It's almost a game to many.

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 03:38:48 GMT

@Anonymous wrote:
Yup, that's why I got my Amex charge. I have to pay in full each month. Kinda takes the rush out of swiping my cards! Pay or die!!!!

I love that also! It reminds me that just because it has no limit means all the more that I should be treating it like my debit card and PIF.

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 10:46:28 GMT

Watchmann wrote:

Absolutely .... just look at many of the posts here. Many chase new cards, CLI's, reward points and any other aspect of CC's with glee. In fact, it's a bit scary. It's almost a game to many.

I do agree lol

Re: Credit Card Addiction

Anonymous — Tue, 15 Jul 2008 10:48:13 GMT

Imducky wrote:

what? a problem? not me, i don't have a problem. i can stop anytime i want.

maybe you have the problem?!

That may be true somewhat lol

RE:

Anonymous — Tue, 15 Jul 2008 12:27:34 GMT

The biggest reason, I think, is it's a whole identity thing. We have OUR credit cards that save us time, money and also, look really cool (just speaking for myself).

And at the end of your life if you've spent $1 million in credit card purchases (approx $15,000.00/year for 70 years), thats $10,000.00 to $20,000.00 of FREE MONEY!

Re: RE:

Anonymous — Tue, 15 Jul 2008 14:17:50 GMT

When I see how many people have 10+ credit cards that they actively use, yes, I have to say we are addicted to credit cards =)

Re: RE:

cam006 — Tue, 15 Jul 2008 14:59:28 GMT

I used to be addicted to shopping...but now it's the game...

I actually get a rush when I see that $0 bal!

Re: RE:

Anonymous — Tue, 15 Jul 2008 14:59:57 GMT

I can see it being an addiction for me. I always got a rush seeing that new approval and seeing the CL, but it's really not "free money" or "money" in my pocket as I've seen some refer to it. (That was my old mentality and what brought me to these boards in the first place!). Now I look at it as "credit" in case I ever really need it which I'm hoping I never do! If I can't PIF each month, I'm not using it. I still get the urge to app especially when I read posts, but I take a deep breath and do something else!

Re: RE:

Anonymous — Tue, 15 Jul 2008 16:22:31 GMT

Yeah this board temps me more then anything. I read allot of post an be like D... i wish i could get that credit card but in due time all things can happen.

Re: RE:

Anonymous — Sat, 19 Jul 2008 17:48:03 GMT

Ok i just applied for Wamu an was denied this board is getting me in allot of trouble one more useless inquire lol i'm done with applying for cards for a hot min now.

Message Edited by mjbfan79 on 07-19-2008 10:48 AM

Re: Credit Card Addiction

Anonymous — Sat, 19 Jul 2008 18:13:28 GMT

I'm in! Even though I have about 13 cards, I'm always looking for a better deal. Plus, I absolutely LOVE to shop whether in store or online. But, unlike in the past, I always pay my bills before their due dates and either in full or 3 to 4 times more than the minimum due. This is ok as far as I'm concerned because it lets my creditors know I can manage my debt.

The good thing is I don't carry balances on all of them. That's suicide in the long run!

Re: Credit Card Addiction

Anonymous — Sat, 19 Jul 2008 18:22:33 GMT

I just want enough credit to purchase stuff. Like buying a airplane ticket that can be around $1500 or a furniture or electronic like TV etc that can be few Ks.

Now that I have been approved for 4k from Wamu, I don't need any additional credit card or credit in near future.

So no I am not addicted to credit cards, but yeah i was bit eager to get a good CL credit card.

Now next thing I want to do is refinance the autoloan below 9%.

If you want to play games with money then nothing is more rewarding then the stock exchange, thats my view.