10 purchases not to put on credit

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Anonemous

Diamond Member
May 19, 2003
7,361
1
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http://marketplace.publicradio...ng_top10_not_to_charge

TOP 10 PURCHASES THAT SHOULD NOT BE CHARGED ON CREDIT CARDS
1. Traffic tickets: You look reckless. And tickets can push up your insurance rates, which could put a strain on your finances, which could make it harder for you to pay your bills. A lot of people who have charged traffic tickets have defaulted on their cards.
2. Retreading your tires: You'd be surprised how many people do this. Why? Usually, because they can't afford new tires. If you've bought new tires in the past, this can look like a desperate move. Credit card companies don't like desperation.
3. Bargain binges: If you haven't used your credit card at a 99-cent store or at Wal-Mart, don't start now! Downshifting to lower-cost retailers -- or shopping at places that attract financially pinched shoppers -- makes it look like you're worried about your finances or about your job. American Express has been accused of cutting people's credit because they shopped at Wal-Mart.
4. Adult Playthings: No one's judging you -- just your purchases. Porn is seen as escapism by card companies. And guess what they're thinking you're trying to escape from? Financial worries. Ditto for strip clubs. Use cash. Swipe your card, get your credit cut.
5. Marriage Counseling and Therapy: Money is at the root of many psychological problems. And plenty of relationship problems, too. Relationship problems can lead to divorce. Divorce can destroy your finances. Needing therapy may also make it look like you're unstable.
6. Lottery Tickets: Yes, hope springs eternal, but lottery tickets don't count as a sound financial plan, and you don't want your card company to think you're irresponsible -- or a gambler. Oh yeah, don't take your Visa to Vegas.
7. Cash Advances: Credit-card companies used to love these products because they brought in loads in interest charges. But tapping your card for cash? Or using a credit-card check to pay other bills? Not a good look.
8. Personal pampering: If you don't normally splurge at the spa, don't put your facial or massage on your plastic. It may look like you're trying to relax because you're worried about --- what else --- money. Or, that you're trying to reduce stress from a job loss, or pretty up for a job search.
9. Income Taxes: Whenever you rack up one bill (by using your credit card) to pay another bill (your taxes) it raises a red flag. Could be your debts and bills are overwhelming you.
10. Booze: Carry cash to the bar, especially if you were there last night, too. Springing for too many drinks may be a sign of job stress, financial stress, or relationship stress. And charging booze several times in a row will make it seem like your bar binge was not a fluke.
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Wow didn't know so many things affected credit limits and threw up red flags...
 
K

krunchykrome

Lifer
Dec 28, 2003
13,413
1
0
I charge all purchases to my credit cards

We can afford to pay cash on everything we buy, but if I'm going to purchase something regardless if it's cash/credit, I might as well earn points on the purchase and use a credit card

in fact, tomorrow morning, my wife is taking one of our cars to the shop to get new front tires put on the car. We're going to charge it to get the points
 
R

Rastus

Diamond Member
Oct 10, 1999
4,704
3
0
Originally posted by: Anonemous
Originally posted by: Rastus
Whew! Hookers and blow are still safe.
Click to expand...

When did hookers take credit cards? :)
Click to expand...
Just swipe it through the slot. All hookers have one.

Actually, hookers carry a crayon to rub an impression of the card on a sheet of paper. It's legal tender when they do that.

 
Kadarin

Kadarin

Lifer
Nov 23, 2001
44,296
16
81
Rough translation: Don't buy stuff on your CC, because it shows the CC companies that you don't have the cash to buy whatever it is that you're buying.
 
MoPHo

MoPHo

Platinum Member
Dec 16, 2003
2,978
2
0
my credit rating (as of 3 months ago) was a 750 and I frequently charge bar tabs and alcohol to my credit card. just make sure to pay that shit off and it won't hurt your rating.
 
E

EGGO

Diamond Member
Jul 29, 2004
5,504
1
0
Not that I've ever used my card for such things but those reasons sound like pure bullcrap.
 
GodlessAstronomer

GodlessAstronomer

Lifer
Oct 27, 2007
17,009
1
0
This list makes no sense. Most of the stuff on there look more like indications of just minor financial trouble and in a couple of cases it looks more like someone is flush than broke (personal pampering). Anyway, credit card companies love to help people who are a bit hard up - they use their credit and can't afford to pay for it immediately so they rack up interest charges.

In any case I don't use credit cards so I'm not fussed.
 
amdhunter

amdhunter

Lifer
May 19, 2003
23,332
249
106
Originally posted by: Anonemous
Originally posted by: Rastus
Whew! Hookers and blow are still safe.
Click to expand...

When did hookers take credit cards? :)
Click to expand...

lol, back in the day me and my boss at the time bought some "escorts" after a night out drinking. They carried CC machines on them and swiped our cards. I always wondered how they knew if the CC were legit or not.
 
B

beat mania

Platinum Member
Jan 23, 2000
2,451
0
76
Originally posted by: joesmoke
i dont see exotic italian motorcycle on that list... im good to go!
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Just put a Ducati Monster on credit card :)
2 month grace period FTW. Cash is for losers.
 
joesmoke

joesmoke

Diamond Member
Nov 2, 2007
5,420
2
0
Originally posted by: amdhunter
Originally posted by: Anonemous
Originally posted by: Rastus
Whew! Hookers and blow are still safe.
Click to expand...

When did hookers take credit cards? :)
Click to expand...

lol, back in the day me and my boss at the time bought some "escorts" after a night out drinking. They carried CC machines on them and swiped our cards. I always wondered how they knew if the CC were legit or not.
Click to expand...

thats one kick ass boss...
 
rbV5

rbV5

Lifer
Dec 10, 2000
12,632
0
0
Looks like it's 100% bullshit, therefore its likely 100% accurate. :confused:
 
joesmoke

joesmoke

Diamond Member
Nov 2, 2007
5,420
2
0
Originally posted by: beat mania
Originally posted by: joesmoke
i dont see exotic italian motorcycle on that list... im good to go!
Click to expand...

Just put a Ducati Monster S4RS on credit card :)
2 month grace period FTW. Cash is for losers.
Click to expand...


:) fixed
 
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