Posted on 12/07/2005 10:38:09 AM PST by Sonny M
I've signed up for the card to get the discount. Then paid in full, and then immediately cut up the card.
That is a great way to do it.
I love getting the 10 or 15% off and then telling them to cancel the card. They get so sad
These are dubious arguments, at best. They are all predicated on the premise that you, the smart, relatively prosperous, well-employed customer (if you aren't, you shouldn't be in that store in the first place) don't pay your credit-card bills in full every month. If you are in that habit, all four of his 'reasons' are bogus.
Oh, yes: Quoting Chuck "The Schmuck" Schumer doesn't boost his credibility, either.
bttt!
As someone who pays c card balanced in full monthly, I always take advantage of offers like these. I only use the card for that one time and then cut it up.
The store cards were the worse when it came to the consolidation company and arranging payments - they would give them such a hard time. The cards from the banks are pretty decent as far as arranging payments under consolidation.
Life without credit card bills and car payments is good.>>>>>>
And even better without mortgage or rent 8 0 )
Sign up, get the freebies, cancel the card. What happened to self control? Take all the bums will give you and let the weak losers pay for it. That's the opposite of us paying for higher prices because of losers stealing stuff and other losers paying late.
Which is why he had his staff obtain Michael Steele's credit report.
My wife and I have got the discounts and paided it off before we had to pay any interest 3 times in 4 years. I ahve a friend who has 4 kids. All boys, they do this every summer on the tax free shopping weekend before school. They get a card from Target or walmart load up on clothes and school supplies. Get a card get 10% off, pay it off when the bill comes due (they put $250 a month in savings to cover kid school costs.) Then the cancel the card.
Thats exactly what my wife and I do, I have yet to pay interest on any store cards I have but continually get great deals.
I think you still need to close the account with the store officially so that your credit score won't be affected by having so many open accounts floating around.
I usually do that too. But apparently your financial rating is adversely affected by merely opening the account.
Also, grace periods are getting very short, less than 20 days. If you travel or have bad mail service then you may pay late through no real fault of your own.
All that said, as long as you pay it off immediately you still win.
I did the same thing....got a beautiful fur coat for a knock off price...
"And even better without mortgage or rent 8 0 )"
Agreed. The only problem is you really get hammered tax wise.
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