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02-08-2011, 10:35 AM | #1 | |
SFL Expatriate #1
Join Date: Nov 2008
Location: ATL Burbs
Moto: '09 Triumph Speed Triple
Posts: 4,712
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I have two Capital One cards and I have zero complaints with the company. |
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02-07-2011, 11:05 PM | #2 | |
Viff6N Mutated Warrior
Join Date: Mar 2009
Location: Texas
Moto: '01 Honda VFR 800 & '09 ER-6N
Posts: 8,704
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02-07-2011, 10:38 PM | #3 |
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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Depends on how you want to use it. I have three cards, one was my first decent card with an ok rewards system - my water bill goes on there every month, just to keep it alive. The other two - one with a really low rate and ok rewards... The other with higher APR and an awesome rewards system. The low rate card is for emergencies and big purchases - like when I needed a new A/C for the house. I have the cable, cell phone, and e-pass on this card keeping it going in the mean time. The other card is for everyday purchases... I use it constantly and generate nearly $500 cash back per year.
All three of my cards are VISA's. There are also benefits to certain cards - extended warranties, emergency roadside service, etc Oh, I forgot... All the cards are paid off every month, unless there's an emergency or other big expense. Last edited by OneSickPsycho; 02-07-2011 at 10:44 PM.. |
02-07-2011, 11:12 PM | #4 |
667:Neighbor of the Beast
Join Date: Mar 2008
Location: Everett WA
Moto: VTR1000, SV650, FZR400, CRF150
Posts: 1,403
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whoever told you you NEED a cc is full of shit. My bank will cover any fraudulent charges on my debit card. I haven't had a credit card in over 12 years now. I don't NEED one. Haven't needed one in that period of time. Won't ever get one again. My debit card with MC logo is all I ever need.
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WMRRA's slowest Expert! triathalete, mom, racer, rider, friend, sister, wife - all in one tidy package! Married my best friend 8/30/09 |
02-07-2011, 11:21 PM | #5 | |
Viff6N Mutated Warrior
Join Date: Mar 2009
Location: Texas
Moto: '01 Honda VFR 800 & '09 ER-6N
Posts: 8,704
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I know I don't need one (I'm 25 and still dont have one) but it is a lot easier the get your money back. All it takes is a phone call. If your bank doesnt catch it fast enough you have to go in sign papers and have to have another card mailed to you. I'm still waiting on mine. It's not just about fraud. It's just being able to get your money back faster and easier. Plus when you use a debt card online, it's a gateway straight to your checking account. |
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02-07-2011, 11:36 PM | #6 | |
Let's do another U-turn
Join Date: Feb 2008
Location: Indiana
Moto: 2009 V-Strom
Posts: 3,816
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Ugh, not this again. Go read t-rock's thread in cage hell about which he should buy. Forget credit cards, period. Having a credit card is even worse than having a car loan. Sure, you'll pay the card off every month. But, one month, you'll end up spending more than you can afford to pay off. Why, because you NEED this one particular item. Then you get caught back up, or you take away savings to pay off the card. Whatever the case is, you get caught in a cycle of spending on credit. Stay away from credit cards and other debt. Get in good habits while your young.
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Last edited by Captain Morgan; 02-07-2011 at 11:41 PM.. |
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02-07-2011, 11:47 PM | #7 | |
Viff6N Mutated Warrior
Join Date: Mar 2009
Location: Texas
Moto: '01 Honda VFR 800 & '09 ER-6N
Posts: 8,704
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I already do that. Checking accounts dont build credit and I'm not going to take out a loan when another one is done. I don't have a mortgage so I need something to keep my credit score updated. |
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02-08-2011, 06:37 AM | #8 | |
AMA Supersport
Join Date: Nov 2008
Location: Redneck Riviera, FL
Moto: 2003 VFR800f6
Posts: 2,531
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02-08-2011, 09:11 AM | #9 | ||||
Ride Like an Asshole
Join Date: Feb 2008
Moto: nothing...
Posts: 11,254
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Oh, and banks are getting keen on having multiple accounts... If you're going to go the debit card route with multiple accounts, you'll most likely need to go through two separate banks. Chase just recently wanted to start charging me for my extra checking account, so I converted it to a savings account. Quote:
My experience tells me otherwise. Still gotta go through the bank, still gotta wait forever to get a new card, your money back, etc. Maybe things have changed in the past 5 years, but the last time my card was compromised - despite the fact that they were 100% credit card purchases - I still had to go through all of the BS. |
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02-08-2011, 12:51 PM | #10 | |
Canyon Carver
Join Date: Nov 2008
Location: Portland, OR
Moto: MTA
Posts: 416
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Lotta folks scared to death of credit cards in here. I have been using my card for all of my daily expenses for years. Pay all of it in full each month and sit back and collect the rewards. Like OSP said, be responsible. If you have a large purchase you want to make (tv, etc), make sure you have the CASH for it before you buy it, put it on the card for the points and then pay off the card that month as normal with the cash you had allocated for the item. I take the approach that I'm paying for everything with cash, but route all expenses through my reward card to gain the points. |
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