Interesting Credit Trend... - cougarguard.com — unofficial BYU Cougars / LDS sports, football, basketball forum and message board

The_Tick · 10-29-2008, 05:50 PM

I have 3 credit cards. 2 are personal and 1 is business personal (I use it for business and they reimburse after I submit)

The business one sometimes can carry as hight as a 10k balance. It is fine by me because I get all of the rewards stuff.

6 Months ago the minimum payment on this card at 10K was 175.00. (I have had the card for a few years, so it wasn't a special interest rate.

Last month the card came back with a balance of 9100. My minimum payment is 350. Not an issue because my check from the company is coming.

I am not a credit risk, and have never missed a payment on anything in my life.

Folks that aren't in this position though are going to get killed with minimum payments doubling.

Here it comes...

10-29-2008, 05:50 PM	#1
The_Tick Senior Member Join Date: Jan 2006 Posts: 626	Interesting Credit Trend... I have 3 credit cards. 2 are personal and 1 is business personal (I use it for business and they reimburse after I submit) The business one sometimes can carry as hight as a 10k balance. It is fine by me because I get all of the rewards stuff. 6 Months ago the minimum payment on this card at 10K was 175.00. (I have had the card for a few years, so it wasn't a special interest rate. Last month the card came back with a balance of 9100. My minimum payment is 350. Not an issue because my check from the company is coming. I am not a credit risk, and have never missed a payment on anything in my life. Folks that aren't in this position though are going to get killed with minimum payments doubling. Here it comes... __________________ Spooooooon