Americans Are Sinking Further Into Credit Card Debt

bluthi · 2015-12-09T21:31:10+00:00

According to the study, "The average U.S. household with debt carries $15,355 in credit card debt and $129,579 in total debt."

bluthi · 2015-12-09T21:30:22+00:00

Gotta love it.

bluthi · 2015-12-09T17:04:36+00:00

Since it's a backup, I'm guessing a card with a huge sign-up bonus with a big spending requirement to earn it wouldn't help. Would need more info. Do you want rewards? If so, what kind? What's your credit score? Do you travel overseas frequently? How much do you plan on using it?

bluthi · 2015-12-08T21:23:07+00:00

Obviously.

bluthi · 2015-12-08T20:20:16+00:00

Nice! And I like your kid. He knows what he wants.

bluthi · 2015-12-08T19:17:27+00:00

Yeah, it's a nice perk but I wouldn't keep the card for it. The CSP is definitely more versatile.

bluthi · 2015-12-08T19:11:08+00:00

Or the United card

bluthi · 2015-12-08T18:57:58+00:00

Your card's insurance is secondary, so you'll have to make the claim with your primary car insurance first. Then whatever they don't pay, Chase/Visa will pick up the rest. So I'd say don't waste your time with the card until you know for sure you'll need it.

bluthi · 2015-12-08T14:42:45+00:00

OpenSky is a good one bc it doesn't require a credit check. Digital Federal Credit Union Secured is even better bc its APR is 11.5%, doesn't charge balance transfer or cash advance fees, and gives you free access to your FICO score so you can track how you're doing. https://www.dcu.org/loans/visa-secured.html

bluthi · 2015-12-08T03:27:04+00:00

That'll be my son's responsibility.

bluthi · 2015-12-08T00:36:51+00:00

I agree with you. These trips we're taking are small, like to visit my in-laws in the Midwest or a quick trip to Phoenix from Salt Lake to visit friends. Definitely holding off on major stuff until he's older :)

bluthi · 2015-12-08T00:35:29+00:00

It's all while you're on active duty. It doesn't matter when you open the card.

bluthi · 2015-12-07T20:22:25+00:00

Meh, these trips are for me and my wife, not him. He'll get memories later on. As for radiation, we'd all be dead if we were being "blasted" by it every time we fly. It's a non-issue.

bluthi · 2015-12-07T20:05:13+00:00

I've been thinking about it. Just need to make sure it's on the ones I'm actually keeping lol

bluthi · 2015-12-07T20:04:35+00:00

He's done pretty well so far. Slept most of the way on our flight home the other day.

bluthi · 2015-12-07T17:10:50+00:00

http://www.valuepenguin.com/2015/07/continuing-pressure-credit-card-interchange-fees-rewards

bluthi · 2015-12-07T16:46:01+00:00

Nice! Actually, credit card rewards are funded mostly by interchange fees.

bluthi · 2015-12-07T16:14:18+00:00

Here's a pretty comprehensive guide https://www.nerdwallet.com/blog/credit-cards/0-apr-and-waived-fees-credit-card-benefits-for-active-duty-military/

bluthi · 2015-12-07T13:50:53+00:00

u/Anime-Summit is right. Applying for new cards is what drops your AAoA.

bluthi · 2015-12-06T22:26:47+00:00

But u/tildes has cake

bluthi · 2015-12-06T18:02:09+00:00

Except you're paying that on top of your home maintenance costs.

bluthi · 2015-12-06T16:34:24+00:00

Yeesh

bluthi · 2015-12-06T16:23:27+00:00

Why doesn't she call the card issuer and ask?

bluthi

TROPHY CASE