Money Dance: Excuse Me?

[exponential]

Originally published at Lane Ellen. You can comment here or there.

Why do people on the end of the line at credit card companies talk to you like they are doing you a favor?

So, Part 1 did not totally succeed - the new card I was offered had a measly limit of $400.  Excuse me?  It was obvious from my application that I was looking to transfer money

Comments

[athelis]

It is REALLY hard to get out of the thumb of those creditors and credit cards once they have their hooks in you. It took me quite a while to get rid of ALL of my debt minus my student loans and car payments and I pretty much had to do exactly what you are doing now. It is far to easy to just pull out that credit card when you are a little short on cash and use it just a little bit here and a little bit there until the amount owed balloons. Part of the other way I had to do this was to just get rid of my credit cards completely.

After a few years, I decided a little one with a SMALL limit would be alright. So, I currently have a card with a $500 limit on it to which I'm just fine with. It isn't enough that if I run it up it will break me so I can have it in case of an emergency but it is low enough that I have an automatic wall should I suddenly decide to go spending crazy.

I will admit, that I'm quite tempted to cancel this card and get a card that has rewards and I don't have to pay an annual fee on. I get enough of those much better offers that it is tempting but if I do this, it is something that I'm going to have to think long and hard about. I liked getting married with good credit, being able to easily buy a house, etc.