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SVTPerformance's Chain of Restaurants
Road Side Pub
Credit Card Recommendations?
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<blockquote data-quote="Blk04L" data-source="post: 15779246" data-attributes="member: 48574"><p>He just listens to Dave Ramsey on repeat when he sleeps.</p><p></p><p>1. People who think credit limit = spending money get in trouble. </p><p>2. People who know how to control their spending/know what they can afford(aka pay full on time) get rewarded with any benefits provided by the CC.</p><p></p><p>Banks/CC companies hope that more fall into the #1 option. And tons of people fall into option 1. </p><p>They don't care if a minority of people qualify as #2 as long as they can get those people in option 1 with those huge APR fees.</p></blockquote><p></p>
[QUOTE="Blk04L, post: 15779246, member: 48574"] He just listens to Dave Ramsey on repeat when he sleeps. 1. People who think credit limit = spending money get in trouble. 2. People who know how to control their spending/know what they can afford(aka pay full on time) get rewarded with any benefits provided by the CC. Banks/CC companies hope that more fall into the #1 option. And tons of people fall into option 1. They don't care if a minority of people qualify as #2 as long as they can get those people in option 1 with those huge APR fees. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Credit Card Recommendations?
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