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Originally Posted by tkamiya
Why would you want to borrow on credit card though? Most of them carry an interest higher than many consumer loans and home equity loans. Plus, credit card companies playing all sorts of trick to boost their interest income is nothing new.
Aside from people who has no other choice and living beyond thier means (which is a problem in itself), I fail to understand the attraction.... I'm especially surprised at the response from some of the forum members who are (supposed to be) well-to-do.
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We have one credit card and carry a small balance. We keep it in case of emergencies, and so we don't fall off of the credit "map" so to speak.
They tried to bump my rate a couple of months ago. I called and did the lower it or close my account thing and got an extra 3% knocked off (from where it was supposed to be). Watch those bastards, and never let them get away with anything.