Just got approved for an $800 Amazon credit card

It's credit. They give you the money for free. And then you just pay for more things after the money they give you runs out. It's a way of them getting your custom.

Like when a gambling site gives you a free $50 credit.

>$800
Your credit score must be abysmal. That's less than what most people make in a week. Even a low end credit card will give you a $2500 cap.

Yeah it great. It's basically free stuff

>tfw you get another $4000 increase on your card

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>look mom i posted the funny pasta, i hope i get a lot of (you)s

he can just pay it back with another credit card you fucking idiot

>all these retards taking the "free money" bait

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>$800 credit limit
How little income do you have? Also how do you plan on paying off that card?

Why are so many of you falling for this effortless bait thread?

Paying off cards with other credit cards usually incurs fees.

>this thread again.

CONTROL WITCHER 3

you can just pay those fees with another credit card

>Zig Forums still falls for this bait

>youtube.com/watch?v=jfZU3ckGi4Q
Is this OP?

If they give it to you for free, why does spending it put you in debt until you pay it back?

>get $800 every month
>make minimum payment of $200 every month
>$600 free money every month
Checks out to me.

Are card limits only a credit thing? I've never head of this before

Obviously. A company gives you a limit based on how much you are likely able to pay back.
A debit card will let you spend as much as you have available in your bank account.

>using money you don't have
why are americans so confortable with being in debt 100% of the time?
also BOTW, DOOM, and the latest Luigi game

Paying the minimum ruins your credit from what I've heard.

Should I get a credit card just to build credit? I don't know how important this is.

There are genuine advantages to credit cards though, as long as you're smart (unlike OP). A lot of companies will team up with banks and give offers like "20% off this fridge if you buy it on credit with a new ShillBank card!". Take the offer, pay for the fridge with your 20% discount, and pay the creditcard dept back when you get home before the first bill comes.

You have now saved 20% on your purchase. Gotta read the fine print though, or you might end up with a dick in your ass.

>I don't know how important this is.
Unless you can buy a house outright, you'll need good credit to get a decent mortgage.

>falling for the plastic jew

>why are americans so confortable with being in debt 100% of the time?
How else to you get into college? All the good jobs are behind master's degrees.

You weren’t supposed to figure this out. The operatives are heading towards your address as we speak.

You can get a credit building loan from your bank. They give you $10000 or whatever, then you pay it back to them over 1-5 years and have a great credit score.

credit churning is a legitimate thing, but it basically becomes your job in order to make it work.

why haven't you taken the DEBTMAXXX pill? want to own a house? easy. just apply for a mortgage. want a new car? you're qualified, just go to a $0 down, buy here pay here lot. need a new phone? finance it. student loans? just stop paying them and let them garnish your wages, they can't garnish >25%. owe money on your debt? just get a new credit card and do a balance transfer. if corporations can perpetually refinance billions in debt, why can't you? really, if you aren't living the DEBTMAXXX lifestyle you aren't living. it's simply a matter of showing up, speaking with the loan officer, looking him in the eye, giving him a firm handshake, and telling him that you want MORE DEBT.

>ALL BANKS AND CREDITORS KNOW YOU BY NAME
>FEARED YET RESPECTED BY LOAN OFFICERS
>DEBT COLLECTORS BLOCKED IN PHONE
>STILL SCREEN EVERY CALL TO VOICEMAIL
>NEVER ANSWER THE DOOR (CAN'T GET SERVED DEBT PAPERS)
>DEBIT TO INCOME RATIO >100% BUT STILL GETTING NEW LOANS
>LEASED LUXURY CAR WITH NEGATIVE EQUITY TRADE IN
>HOUSE 6X YOUR SALARY ON 40 YEAR ARM MORTGAGE
>STARBUCKS & RESTAURANTS EVERY DAY
>ALL SUBSCRIPTION ENTERTAINMENT SERVICES
>8 CREDIT CARDS, ALL MAXXXED OUT
>NEW IPHONE EVERY 6 MONTHS, FINANCED WITH NEGATIVE EQUITY

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Nope, late payments and carrying a balance over 35-40% of your credit max is what hurts your balance, that's why people recommend full payments but as long as your balance is low there is on your credit report no difference at all between a minimum and a full payment.
The worst thing you can do for your credit is max out a card

>$10000 over 5 years
Gross. That's almost $200 a month.

Based and debtpilled.

based

Yeah, but they give you the money and you just give it back, you can even set it to pay it back automatically. Giving the $10000 back instantly wouldn't improve your credit score, it has to be done over time to prove you're "reliable"

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Unironically why would you bother with credit cards?
>muh credit score
useful for literally nothing except a house unless you're retarded and you can gain an excellent rating just from a handful of monthly expenses.

You people are so stupid. You take the 10 grand, put it in a highly fluctuating crypto (yes even some shitty coin that goes from 1 dollar to 2 dollar) throw it all in and wait for your money to quite literally multiply, take it out and then enjoy your profit along with your stress free repayments. How exactly do you think day traders in the stock market start out? They sure as shit aren't born with that $50,000 starting investment. It comes from loans

Sweet deal bro! Your best bet is to throw that card away and not think about it and just consider how lucky you are that you got more video games!

Credit cards let's you buy nice things you normally can't afford
>b-but you're ruining your credit score!
As you said it's only useful if you plan to buy a house which 75% of americans can't do anyway because they're overpriced. 'good credit' is a scam

>why would you bother with credit cards?
I don't. I'm 30 and have over $50,000 in savings, over $200,000 in a retirement fund and purchased my house outright for $150,000.
I've never had a credit card, my credit score is nonexistent as I've never taken a loan (didn't go to college) and I'm rich as all hell from my software dev job.