So who here has a credit card, aka a portable pay day loan office, and why haven't you destroyed it yet?
The only way the credit card companies can even make money is if you are late on payments because of poverty, its a literal exploitation machine.
Its funny, for years everyone around me has tried to convince me to get one.
Fuck that, the stupid card will only screw you over if you're a prole. If you're rich, go ahead and take advantage of those free premium porky rewards. Credit card companies are just private wealth redistribution centers, fuck em.
Waiting until I can declare bankruptcy again.
I'm never getting one again. They're bullshit.
Also don't worry about your "credit score" or whatever other bullshit. As soon as I declared bankruptcy I was inundated with offers of credit of all kinds, every day, for months. Ridiculous amounts, too. They don't give a fuck. They just want to suck on your tits.
the fact that credit cards even exist baffles me
Holy shit really? Sounds like you're really fucking with the system comrade. Hope things weren't too rough for you. Keep up the fight.
But what about debit cards tho?
Honestly I have one, but my situation is complicated
but I have a very low limit on purpose and I never make late payments, I just never spend what I don't have because of the low limit.
never even had one
why buy shit i don't need with the money i dont have?
bruh you're retarded.. I wasn't able to move out at 18 because my mom racked up a huge debt in my name and no landlord wanted to take me in because of my shit credit score even though I had 2 jobs. It took years to fix it. If you want to be able to live where you want without having a mortgage you need one. They view it as some sort of way to "prove" your responsible with money.
Banks literally make money the same exact way as credit card companies, from interest on defaulted loans. That's why lots of banks have their own credit cards. Also they are constantly making money by investing YOUR monies in savings..
Debit cards are just direct links to your bank account and don't have any fees attached to them. I am personally in favor of digitizing all currency and just having a world run on debit cards. No more losing money/getting robbed and losing hundreds of dollars. Instead you just cancel the card. This would also virtually eliminate the black market.
This is a good idea until the ban something you want to trade or until you don't want your bank, wife or financial adviser knowing what your spending money on. Also this wouldn't even stop a black market. If you owned a pizza store I could just say I'm giving you $250 to buy a bunch of XL pizzas. Maybe $60000 worth.
This is also true, the money you put in your checking and savings accounts is used by the banks to essentially gamble on all sorts of potential investments that could make them money so as a result the total amount the bank is supposed to have in other peoples money, they don't actually have, so if there is a run on the bank like in the 30's then the bank literally does not have enough money to pay people with so thousands of people just get told "sorry we played blackjack with all of your money and now its gone, sorry."
You can't even buy a plane ticket without one. I had to get one in order to travel.
God damn it now I have to sully my ideological purity to go to rojava.
That could never happen, what a ludicrous suggestion!
Because I need one in order to buy and collect Steam games I'll never play.
This is worse than a crack addiction. You aren't even getting high. What's the point?
I dunno, some post-modern version of commodity fetishism?
I always had a tendency to collect things, it's a common trace of anal-retentive personalities. Only now there's nothing physical that interests me anymore, and games are dead cheap.
How am I going to get a loan to build a house without credit?
Becasue I like to buy stuff…
Help me Holla Forums
Have you made a budget for yourself?
Nuh… :c
That is the first step. Figure out how much money you are making a month and then itemize all of your expenses and then what you have left over you can use as discressionary income to buy games or weed or whatever you are into.
It's vicious.
I have a card that is maxed and my monthly payments only cover the interest.
I won't be able to pay it off until I get my student loans distributed again in the Fall.
Then that's another debt I'll never pay off and is unforgivable.
Debt is a spook just stop paying
Repo men are not spooks and they will show up and steal your very real things for the spooky bank.
I have one, only use it for international sales.
My bank forced it on me when I applied for an overdraft. Both are currently maxed out for rent and food. I'm waiting on money from a clinical trial so that I can pay them off, but unfortunately I've recently been evicted and so I'm wondering how to pay the deposit on my next place.
Feels bad man.
Reminder that piracy is a revolutionary act!
nah they also make money by charging merchants fees for purchases
pay day loans are worse OP but still takes advantage of people who can't succeed on the credit system or get a bank account. They outright take money out of people's checks who have no other way to get their check cashed.
I beg to differ. Nechaev was wrong, piracy is the most capitalist of all acts, for it robs someone of all their value with nothing in return. Sure, you may argue that robbing a captain of industry is okay because his gains are ill-gotten in the first place, but that's incidental. A bandit is a bandit, regardless of who he robs or who holds the gun for him.
DELET THIS
fuck off lol
Good afternoon, officer.
Because you need one to function in society. My brother and his girlfriend for instance can't find an apartment because they keep getting denied for not having any credit history.
Also I don't pay a dime in interest and get free money from the rewards.
this 2 b h
if you can manage cash properly, you can manage a card properly. there's nothing inherent to a card that fucks you, it's only if you spend more than the cash you have. and you're going to pay the 3% hidden fees in everything you buy with cash, whereas with card you regain about 1% of that
of course if your poor you're going to get fucked, but you'd also get fucked with having no cash so… i don't see it as an inherent negative
There's no reason to not get a credit card in order to get cashback/travel rewards/points. So as long as you have the willpower to not spend beyond your means and pay your full balance at the end of the month. Whenever I was a day late, I'd be dinged with like $15 in interest fees. Fucking crazy. So don't be late. Always pay on time.
The government should introduce a law allowing merchants to give customers a 2% discount or whatever for paying with cash. This is currently illegal. Because right now merchants pass on the hidden credit card fees to EVERYONE. Including people who pay with cash. And that's just not fair to people who can't get a credit card because they have no or poor credit history.
I have a debit card with a credit union.
Me too, user!
Know the system you're critiquing please, newfriend. The payment card fucks will simply react by shutting out other clearly-legal-but-Levitically-questionable businesses such as porn that fails to abstain from blood or not screw their pretend sister. Rules are for the little people. When you make a rule, they will game it, repeat ad nauseam. In what world does Joachimist rapture-meme evangelism affect material conditions?
Also, the requirement that the retailer absorb card fees and not pass them along to the cardholder is, in the US, part of the merchant contract, duly and "lawfully" agreed by the payment card companies and the merchant. If anything, the payment card industry must be fully nationalized as a public utility. Anything less and they'll be able to fight back.
While this is true, I also can use it for exploitation. I use it to borrow money to invest at a higher return than I owe in payments. So there are ways to make it work out if you have a brain.
The sign is not "Engrish", an octopus card is the name for a kind of debit card used in Hong Kong.
how do I join a credit union?
TIL, thanks fam. Really I just didn't feel like posting full-on hentai this early in the day
1. Find one
2. Meet its membership requirements (often restricted by geography, profession, and/or employer)
3. "Buy in" by depositing a small sum
devilish
Is a bandit not the same as a robber baron in both intent and result? Then what's the difference? Both live by robbing men of the fruits of their labors, even if the former might kinda perhaps maybe sorta rob the latter every once in never.
Most governments insure far more money than anyone on leftypol is ever going to have in a bank account
Even when you hit the limit, which at my credit union is 300k, you can get a business account there which basically upgrades it.
Don't some jobs check your credit scores and such before you can get hired?
I'm jelly.
I just spent my entire paycheck on rent so now I'm going to be late on all my other bills.
are there any countries where you don't go to jail or get repossesed if you don't pay your debts?
user…
I mean literally just misplacing money, and if I get mugged with cash its gone forever, but a debit card van get canceled. I understand that you can still get ducked financially.
If your debit card gets swiped (or more likely you swipe it through a dummy scanner which are becoming way too common) your account can be immediately cleaned out before you have a chance to cancel, and you have no real recourse.
I don't have a good solution to this, but debit cards are inherently less safe compared to credit cards where that's porky's money, not yours, so if your shit gets stolen it's not your problem.
t. someone who has had both their debit and credit card stolen
Spoiler I didn't get back the ~$200 I had in my checking account, but I didn't lose a penny on the credit card
Nah you have the recourse of going "hey someone stole my debit card reverse those charges."
Bank of America wasn't having any of it.
From what I'm looking at if you reported it within two days of noticing you should've only be liable for 50 bucks
Gotta get that U.S. Bank my nigga they will hook you up.
But for real burn down all the banks.
I don't remember the bullshit excuse the cunt on the phone gave me, I was seeing red at the time, but I don't think I even had the presence of mind to cancel them until at least a week later since I was so shaken up. This happened over a decade ago when I was fresh out of highschool and wasn't yet carrying every day, and wishing a motherfucker would try that shit again.
I ended up switching to Capital One since BoA had a really fucking jewish maintenance fee on checking accounts. They've been okay.
I agree.
Yeah in that case you'd gotten more than 500 stolen you'd have gotten a little bit back but you really really REALLY gotta tell them right away if you get your card stolen.
i just had to do a background check for a job and the site said they might check credit. kinda pissed me off, but you reminded me to check to see if i can tell whether they did or not