|
 This survey originally ran in
the 6/5/02 DebtSmart
Email Newsletter.
Do you "love" your credit card bank?
 |
50% of
respondents said Yes |
|
50% of
respondents said No |
The article listed 10 reasons to "love"
your credit card bank. Which do you agree with and/or disagree with and
why?
"I totally agree that credit
cards offer (#1) access to money in ways that can be put to your
advantage. There are many instances where I've received a great
rate/deal by using my credit card. I'm not so sure about that
Warranty Protection (#5), though. Many credit card companies charge
for this service, and that should've been mentioned."
--Lori
"Chance to build a positive
credit history. With my track record mostly from credit card use and
payment I have been told by prospective landlords that they have
never seen a better credit rating for a 20-something. And I no
longer need a co-signer on my leases because I have credit history
of my own. Money in an emergency. It's true, cars break down at
inconvenient times, a credit card can get it fixed and you on your
way."
--Mayes
"I agree with your reasons
(greater protection for defective merchandise, 24/7 service, etc.),
but I'm still leery of credit card banks. Let's face it, they offer
those services not to be nice, but to get us to charge more!"
--Dan
"I like using my credit card to
reduce costs- at the dentist etc. and also in emergencies when I
can't get to the bank or ATM."
--Jean
"Access to money / feeling of
security for a single Mom on a limited income ."
--Linda
"Agree:The ones that brought out
the point that you don't lose anything really if you lose your
card."
--Terri
"I liked the idea of using the
credit card in lieu of a debit card. The protection in case of theft
made sense."
--Anonymous
"I agreed with all of them. They
were all good reasons to love your bank and to have a credit
card."
--Anonymous
If yes, why do you "love" your credit card
bank?
"It's hard to love a snake."
--Dan
"They give me lots of nice 0% apr
offers and I can simply transfer balances and never have to pay for
what I buy, besides paying back the original charges! Additionally,
I have taken checks Citibank has given me that has 0% for 6 months,
wrote myself a check for $1,000 and put the money into a 6 month CD
(even though the interest sucks right now), I'm still making myself
a profit, and they made it possible!"
--Matt
"I love that I earn cash back on
purchases and I am protected if I use my card and I have a problem
with the merchant. I also like the security of knowing that if I
lose my credit card or if it gets stolen, I will not be held
responsible for any charges not made by me."
--Anonymous
"Gives me more time to pay for
something. I always have the cash to pay for the item, but i put it
on a credit card and it gives 1 - 3 months to pay for the item. Also
I am able to earn a cash back reward."
--Anonymous
"I get great customer service,
low rates (though not always as low as I'd like), and a nice
"safety net" which allows me to live my life without fear
of an emergency."
--Lori
"I can use money if I need to
without having to go thru a person , totally up to me ."
--Linda
What do you Think?
Read
the Article
Take the
Survey
Reader Comments
"I like
getting this newsletter. It is very informative and contains many
useful stories. I hope you add to it and never stop issuing
it."
--Matt
"Great newsletter. Valuable
advice, and I look forward to receiving it. Keep up the good
work!"
--Dan
"I really like it, but I don't
think it brings out the really bad side to credit for some people.
It can be an addiction."
--Terri
"I get some really great ideas from
this newsletter that help me solidify my resolve to get out of debt.
Thanks."
--Anonymous
--End--
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