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We Owe $45 Billion On Our Credit Cards (Read 2660 times)
Carl D
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Re: We Owe $45 Billion On Our Credit Cards
Reply #15 - Jul 4th, 2018 at 1:37pm
 
Thanks, Greg and Cods.

Quote:
The Card will expire at the date shown on the front of the card. A new card will
automatically be issued to you prior to expiry, where the card balance is greater than
the card renewal fee, and you have registered your details with us, including your name
and Australian address. You cannot access any value loaded on the expired Card.


Looks to me like I'll need to spend or transfer any money remaining on the old card before I get a replacement. My current card doesn't expire until September next year.
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cods
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Re: We Owe $45 Billion On Our Credit Cards
Reply #16 - Jul 4th, 2018 at 1:47pm
 
Carl D wrote on Jul 4th, 2018 at 1:37pm:
Thanks, Greg and Cods.

Quote:
The Card will expire at the date shown on the front of the card. A new card will
automatically be issued to you prior to expiry, where the card balance is greater than
the card renewal fee, and you have registered your details with us, including your name
and Australian address. You cannot access any value loaded on the expired Card.


Looks to me like I'll need to spend or transfer any money remaining on the old card before I get a replacement. My current card doesn't expire until September next year.


,thats not bad   mine was for 12 months....I didnt renew it..lost about $50   my fault,..must read the fine print  it is worth noting though..NOTHING IS FREE....lol..

heres a good one for me....   if I want to buy something thats not available in the shops I get my daughter to buy it on her card  and just trf the money to her...lololol.. shes good like that. Smiley
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Sir Spot of Borg
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Re: We Owe $45 Billion On Our Credit Cards
Reply #17 - Jul 4th, 2018 at 2:18pm
 
I lost some money from a bank account closing too. IMO thats theft.

Spot
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Grendel
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Re: We Owe $45 Billion On Our Credit Cards
Reply #18 - Jul 4th, 2018 at 2:31pm
 
cods wrote on Jul 4th, 2018 at 11:40am:
Baronvonrort wrote on Jul 4th, 2018 at 11:37am:
I don't owe anything on my credit cards



I have been here a long time and NEVER OWNED ONE...

Most banks if not all give you  card of some kind these days so you can access your money.  I cant think of any with passbooks anymore.
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Sir Spot of Borg
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Re: We Owe $45 Billion On Our Credit Cards
Reply #19 - Jul 5th, 2018 at 5:44am
 
Heard on the news this morning that their solution is to give you less time to pay it off. 3 years I think they said.

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Grendel
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Re: We Owe $45 Billion On Our Credit Cards
Reply #20 - Jul 5th, 2018 at 5:45pm
 
Grendel wrote on Jul 4th, 2018 at 2:31pm:
cods wrote on Jul 4th, 2018 at 11:40am:
Baronvonrort wrote on Jul 4th, 2018 at 11:37am:
I don't owe anything on my credit cards



I have been here a long time and NEVER OWNED ONE...

Most banks if not all give you a card of some kind these days so you can access your money.  I cant think of any with passbooks anymore.

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Setanta
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Re: We Owe $45 Billion On Our Credit Cards
Reply #21 - Jul 5th, 2018 at 7:12pm
 
My part of that $45 billon is $74.35. I've had a credit card since about 1989. No-one forces you to actually use it. I use it for convenience.

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Aussie
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Re: We Owe $45 Billion On Our Credit Cards
Reply #22 - Jul 5th, 2018 at 7:22pm
 
Grendel wrote on Jul 5th, 2018 at 5:45pm:
Grendel wrote on Jul 4th, 2018 at 2:31pm:
cods wrote on Jul 4th, 2018 at 11:40am:
Baronvonrort wrote on Jul 4th, 2018 at 11:37am:
I don't owe anything on my credit cards



I have been here a long time and NEVER OWNED ONE...

Most banks if not all give you a card of some kind these days so you can access your money.  I cant think of any with passbooks anymore.




Setanta, mine is.......zero.
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Setanta
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Re: We Owe $45 Billion On Our Credit Cards
Reply #23 - Jul 5th, 2018 at 7:24pm
 
whiteknight wrote on Jul 4th, 2018 at 6:54am:
"It was temporary financial relief. It solved a short-term problem, but created a long-term one," the 58-year-old manager of a welfare agency said.  He now owes about $33,000 across both of his cards, or about twice the original debt.


Some manager he is if he can't even manage his own money on a manager's pay.
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Setanta
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Re: We Owe $45 Billion On Our Credit Cards
Reply #24 - Jul 5th, 2018 at 7:27pm
 
Aussie wrote on Jul 5th, 2018 at 7:22pm:
Grendel wrote on Jul 5th, 2018 at 5:45pm:
Grendel wrote on Jul 4th, 2018 at 2:31pm:
cods wrote on Jul 4th, 2018 at 11:40am:
Baronvonrort wrote on Jul 4th, 2018 at 11:37am:
I don't owe anything on my credit cards



I have been here a long time and NEVER OWNED ONE...

Most banks if not all give you a card of some kind these days so you can access your money.  I cant think of any with passbooks anymore.




Setanta, mine is.......zero.


So is mine now. Wink

edit: I received the bill today and had it sitting on top of my computer case to remind me to pay it, so I did.
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« Last Edit: Jul 5th, 2018 at 7:39pm by Setanta »  
 
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freediver
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Re: We Owe $45 Billion On Our Credit Cards
Reply #25 - Jul 5th, 2018 at 7:43pm
 
Quote:
As the nation's credit card balance heads towards $50 billion, the corporate regulator has warned that tighter rules are needed over who can get one with almost one-in-five card holders already struggling to cope with their debt.


You cannot outlaw stupidity.
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Setanta
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Re: We Owe $45 Billion On Our Credit Cards
Reply #26 - Jul 5th, 2018 at 7:51pm
 
freediver wrote on Jul 5th, 2018 at 7:43pm:
Quote:
As the nation's credit card balance heads towards $50 billion, the corporate regulator has warned that tighter rules are needed over who can get one with almost one-in-five card holders already struggling to cope with their debt.


You cannot outlaw stupidity.


Interest rates on them are far too high. The CC interest rate should be tied to other interest rates(housing loans/money in the bank/ etc) rather than staying pegged at something like 18%. That'd help.
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Re: We Owe $45 Billion On Our Credit Cards
Reply #27 - Jul 5th, 2018 at 7:52pm
 
Setanta wrote on Jul 5th, 2018 at 7:27pm:
Aussie wrote on Jul 5th, 2018 at 7:22pm:
Grendel wrote on Jul 5th, 2018 at 5:45pm:
Grendel wrote on Jul 4th, 2018 at 2:31pm:
cods wrote on Jul 4th, 2018 at 11:40am:
Baronvonrort wrote on Jul 4th, 2018 at 11:37am:
I don't owe anything on my credit cards



I have been here a long time and NEVER OWNED ONE...

Most banks if not all give you a card of some kind these days so you can access your money.  I cant think of any with passbooks anymore.




Setanta, mine is.......zero.


So is mine now. Wink

edit: I received the bill today and had it sitting on top of my computer case to remind me to pay it, so I did.


Cut that credit card up...and get a debit card so all you can access via plastic is your own own money.
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Setanta
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Re: We Owe $45 Billion On Our Credit Cards
Reply #28 - Jul 5th, 2018 at 7:59pm
 
Aussie wrote on Jul 5th, 2018 at 7:52pm:
Setanta wrote on Jul 5th, 2018 at 7:27pm:
Aussie wrote on Jul 5th, 2018 at 7:22pm:
Grendel wrote on Jul 5th, 2018 at 5:45pm:
Grendel wrote on Jul 4th, 2018 at 2:31pm:
cods wrote on Jul 4th, 2018 at 11:40am:
Baronvonrort wrote on Jul 4th, 2018 at 11:37am:
I don't owe anything on my credit cards



I have been here a long time and NEVER OWNED ONE...

Most banks if not all give you a card of some kind these days so you can access your money.  I cant think of any with passbooks anymore.




Setanta, mine is.......zero.


So is mine now. Wink

edit: I received the bill today and had it sitting on top of my computer case to remind me to pay it, so I did.


Cut that credit card up...and get a debit card so all you can access via plastic is your own own money.


It's not a problem for me. I always have the money to cover it, I would not use it if that was not the case. It's just whether I have the money in the "everyday" account. Sometime that runs out and I use the CC, it's convenient. I have a month to pay it interest free, wait for the bill like this one, pay it when there is money in the "everyday". Not hard to deal with, I know it's not "free" money to do whatever my fancy takes, it's a tool.
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mozzaok
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Re: We Owe $45 Billion On Our Credit Cards
Reply #29 - Jul 5th, 2018 at 8:45pm
 
Setanta put it pretty well, which is how a great many of the older generation like he, myself, and many others here I would guess, choose to use them, as a convenient tool.

My percentage of that 45 Bill debt would be 0%, as would most of you, so who the fek is spending all the money?
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