Comments on: Ten Items You Don’t Want to Purchase Using a Credit Card http://www.creditinfocenter.com/wordpress/2009/09/25/ten-items-you-dont-want-to-purchase-using-a-credit-card/ For the Up To Date News Tue, 07 Feb 2012 22:26:40 +0000 hourly 1 http://wordpress.org/?v= By: Nancy Tossell http://www.creditinfocenter.com/wordpress/2009/09/25/ten-items-you-dont-want-to-purchase-using-a-credit-card/comment-page-1/#comment-2955 Nancy Tossell Tue, 06 Oct 2009 20:12:10 +0000 http://www.creditinfocenter.com/wordpress/?p=4138#comment-2955 I have to admit I was surprised at some of the things on the list. Obviously, if people are paying off their balances in full every month, it probably doesn't matter where the money is being spent. What is believable is the banks noticing a change in spending habits, like putting more money into stress related, or fantasy seeking purchases. If this change is accompanied by a change from paying off on time every month, it could be considered an omen of deteriorating finances. As far as being "scared" into paying off credit card balances in full every month, I would consider this a good scare. Paying any interest on a credit card when it's not necessary is equivalent to throwing money directly into the trash can. I have to admit I was surprised at some of the things on the list. Obviously, if people are paying off their balances in full every month, it probably doesn’t matter where the money is being spent. What is believable is the banks noticing a change in spending habits, like putting more money into stress related, or fantasy seeking purchases. If this change is accompanied by a change from paying off on time every month, it could be considered an omen of deteriorating finances. As far as being “scared” into paying off credit card balances in full every month, I would consider this a good scare. Paying any interest on a credit card when it’s not necessary is equivalent to throwing money directly into the trash can.

]]> By: TJ http://www.creditinfocenter.com/wordpress/2009/09/25/ten-items-you-dont-want-to-purchase-using-a-credit-card/comment-page-1/#comment-2952 TJ Tue, 06 Oct 2009 10:14:18 +0000 http://www.creditinfocenter.com/wordpress/?p=4138#comment-2952 So when I stay at the Bellagio in Vegas, my credit card is attached to the room (standard procedure) and I go to the spa there one day for a facial or body treatment, those spa charges attached to my room's bill are seen as a red flag? I doubt it. It also depends if you pay your balance in full each month, as I do. Who cares what you put on your card if you can pay it in full at the end of each month? I don't frequent adult stores or use my cards in bars, but I think this type of "red flag system" is just hyper-fear intended to scare consumers into 1) paying their balances off each month and 2) making them think the banks have more psychological power than they do. I think it's best to just relax and not get hung up on this type of hyper-vigilant stuff. So when I stay at the Bellagio in Vegas, my credit card is attached to the room (standard procedure) and I go to the spa there one day for a facial or body treatment, those spa charges attached to my room’s bill are seen as a red flag? I doubt it. It also depends if you pay your balance in full each month, as I do. Who cares what you put on your card if you can pay it in full at the end of each month? I don’t frequent adult stores or use my cards in bars, but I think this type of “red flag system” is just hyper-fear intended to scare consumers into 1) paying their balances off each month and 2) making them think the banks have more psychological power than they do. I think it’s best to just relax and not get hung up on this type of hyper-vigilant stuff.

]]> By: Wendy http://www.creditinfocenter.com/wordpress/2009/09/25/ten-items-you-dont-want-to-purchase-using-a-credit-card/comment-page-1/#comment-2878 Wendy Sun, 27 Sep 2009 18:09:23 +0000 http://www.creditinfocenter.com/wordpress/?p=4138#comment-2878 Wow! I didn't even know they could do that!!! Some of the things I can see as being an issue, but I'm not sure about the spa charges. :) (Other than the fact that you really shouldn't be going unless you can pay for it!) I'm guessing other no-no's would be paying a bail bondsman, criminal or bankruptcy attorney, credit counseling or debt settlement company. Thanks for the great information! Wow! I didn’t even know they could do that!!!
Some of the things I can see as being an issue, but I’m not sure about the spa charges. :) (Other than the fact that you really shouldn’t be going unless you can pay for it!)

I’m guessing other no-no’s would be paying a bail bondsman, criminal or bankruptcy attorney, credit counseling or debt settlement company.

Thanks for the great information!

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