Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » Credit cards
  1. Results 1 to 10 of 10
  2. Page 1 of 1

Thread: Credit cards

post 1662529803 06-08-2022, 09:55 AM
-
#1
  1. residesinAZ
  2. Registered User
  1. residesinAZ
  2. Registered User
  3. Join Date: May 2014
  4. Posts: 10,579
  5. Rep Power: 35906

Credit cards

With inflation hitting, and going to get worse, along with general recession/depression, is it time to max out our credit cards? Our buying power now is the highest it's going to be for a long time.
post 1662530023 06-08-2022, 10:01 AM
-
#2
  1. iwant2beswole
  2. ayyyy lmao
  1. iwant2beswole
  2. ayyyy lmao
  3. Join Date: Jan 2013
  4. Location: Seattle, Washington, United States
  5. Posts: 19,879
  6. Rep Power: 104695
so you think cost of goods will outpace a credit card apr...
watchout your comments boyo ↓
post 1662530033 06-08-2022, 10:01 AM
-
#3
  1. iloveus
  2. snailsrus
  1. iloveus
  2. snailsrus
  3. Join Date: Sep 2014
  4. Posts: 33,694
  5. Rep Power: 105430
One should never max out, that leads to getting into debt and will get hard to get out of especially due to inflation.

One should always pay the full balance every time it's due.
Financial Freedom/Passive Income Crew
Entrepreneur Crew
MMA Crew
Cinematographer Crew
Photographer Crew
Ski/Snowboard Crew
Guns Crew
post 1662530183 06-08-2022, 10:04 AM
-
#4
  1. OffwhiteBrah
  1. OffwhiteBrah
  3. Join Date: Apr 2015
  4. Location: Florida, United States
  5. Posts: 50,218
  6. Rep Power: 545472
worse advice in history , enjoy your 500 credit score goals of 2023-24
post 1662530223 06-08-2022, 10:06 AM
-
#5
  1. Underwrought
  2. Banned
  1. Underwrought
  2. Banned
  3. Join Date: Sep 2018
  4. Age: 56
  5. Posts: 7,731
  6. Rep Power: 0
Originally Posted By iwant2beswole⏩
so you think cost of goods will outpace a credit card apr...
lol op is an idiot, thread backfire. Also assuming that APR is fixed and not variable. But you read the contract right? .... right?
post 1662530293 06-08-2022, 10:06 AM
-
#6
  1. residesinAZ
  2. Registered User
  1. residesinAZ
  2. Registered User
  3. Join Date: May 2014
  4. Posts: 10,579
  5. Rep Power: 35906
Originally Posted By OffwhiteBrah⏩
worse advice in history , enjoy your 500 credit score goals of 2023-24
Credit score is a banker tool to keep us in slavery.
post 1662530473 06-08-2022, 10:10 AM
-
#7
  1. engj
  2. Registered User
  1. engj
  2. Registered User
  3. Join Date: Nov 2009
  4. Location: Canada
  5. Posts: 18,637
  6. Rep Power: 113090
The advice I would give people is if we're heading into a period of economic downturn get your debts and monthly obligations as low as possible to deal with the potential downward pressure on income. Lean out now and stand a chance at minimizing the hit to your standard of living.

Maxing out only makes sense if you figure your financial position in an upcoming recession/depression is going to be so poor that bankruptcy is an inevitability.
------♥♥-----
----♥♥-♥♥----
---♥♥---♥♥---
---♥♥---♥♥---
---♥♥---♥♥---
----♥♥-♥♥----
-----♥♥♥-----
----♥♥-♥♥----
---♥♥---♥♥---
--♥♥-----♥♥--
post 1662530633 06-08-2022, 10:12 AM
-
#8
  1. Ramoneb87
  2. Registered User
  1. Ramoneb87
  2. Registered User
  3. Join Date: Nov 2010
  4. Age: 39
  5. Posts: 12,686
  6. Rep Power: 29183
maybe if you also plan to have your wages outpace inflation as well. Though it is kind of interesting I ust got an offer from my bank to upgrade my credit card and they are offering "no interest until 2024". Haven't really looked into it or read the brochure, not sure if there is a catch.
Know Justice

Know Peace
post 1662530783 06-08-2022, 10:15 AM
-
#9
  1. residesinAZ
  2. Registered User
  1. residesinAZ
  2. Registered User
  3. Join Date: May 2014
  4. Posts: 10,579
  5. Rep Power: 35906
Originally Posted By Ramoneb87⏩
maybe if you also plan to have your wages outpace inflation as well. Though it is kind of interesting I ust got an offer from my bank to upgrade my credit card and they are offering "no interest until 2024". Haven't really looked into it or read the brochure, not sure if there is a catch.
The catch is usually interest accrues, but doesn't apply if you pay it off by 2024. The other cool gotcha is you will pay off any new debt first, so if you plan on using the card regularly, you will likely pay those 2 years of interest. Make the balance 0 before 2024 and you're good.
post 1662530953 06-08-2022, 10:19 AM
-
#10
  1. SoutheastBeast1
  1. SoutheastBeast1
  3. Join Date: Mar 2013
  4. Age: 39
  5. Posts: 63,852
  6. Subscribers: 6
  7. Rep Power: 260932
Try and let us know how things turn out OP
"One day I won't be able to lift any more. Not I won't want to lift. I mean physically unable. That day could be decades from now or it could be tomorrow. All I know is that's the day I'll wish I could lift more than ever. The day I'd give anything for one more workout, one more set, or one more cardio session. So go hard and enjoy every workout, every set, every rep. Because one day you will wake up and you will never get it back."
-SoutheastBeast1
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts