Comments | egoldberg: Finally declined for a credit card at age 36, first time ever.

egoldberg

Finally declined for a credit card at age 36, first time ever.

Jun 10, 2010 21:33

First time I've ever been turned down for a credit card: what an alternate universe -- paying off your bill in full and in a timely fashion qualifies you as a deadbeat in their universe ( Read more... )

Comments 8

starcat_jewel June 11 2010, 06:14:25 UTC

Eli, are you really THAT much younger than me? Ye ghods, now I feel old. :-)

egoldberg June 11 2010, 19:47:17 UTC

If you're that much older, you sure don't act old or crusty (which is what really counts)!

poltr1 June 11 2010, 10:11:55 UTC

If you pay off your credit card every month, that means the credit card company can't make any money off of you. And they don't like that.

hitchhiker June 11 2010, 19:45:13 UTC

eli wasn't being sarcastic; they literally do refer to such customers as "deadbeats"!

egoldberg June 11 2010, 19:48:14 UTC

personally I think they make enough money off the ~2% transaction fees that vendors pay. If they can't make a profit off $50-$150 per year in transaction fee income from me, they may need to reconsider their business!

hitchhiker June 11 2010, 19:56:42 UTC

yeah, definitely. though i personally hate how much weight is given to your credit report in the states; there's no real way to opt out of the system.

catsittingstill June 11 2010, 11:34:45 UTC

I'm with poltr1. They don't think you won't pay--they think they won't get to charge you extra, and the extras are where they make their money.

davidburrowes July 2 2010, 13:30:55 UTC

I had something similar happen to me a decade or more back. I also don't think I'm the type credit card companies are apt to love. With that said, this seems like a good thing, actually. To me, it sounds like the financial reform is making some difference and the credit card companies are being more picky. That's probably good for society.