 Surviving on Credit Cards (by BRAD 20,000 [IN]) Feb 3, 2023 5:08 PM
 Surviving on Credit Cards (by Still Learning [NH]) Feb 3, 2023 5:53 PM
Surviving on Credit Cards (by 6x6 [TN]) Feb 3, 2023 8:42 PM
Surviving on Credit Cards (by BRAD 20,000 [IN]) Feb 4, 2023 4:46 PM
Surviving on Credit Cards (by Ken [NY]) Feb 4, 2023 6:48 PM
Surviving on Credit Cards (by Ray-N-Pa [PA]) Feb 5, 2023 8:46 PM
Surviving on Credit Cards (by WMH [NC]) Feb 5, 2023 9:44 PM
Surviving on Credit Cards (by zero [IN]) Feb 6, 2023 7:10 AM
Surviving on Credit Cards (by BRAD 20,000 [IN]) Posted on: Feb 3, 2023 5:08 PM
Message:
Today's headlinr. CNBC
4th quarter CC debt is 18.5% greater than same time last year.
Consumers are relying more on CCs for essentials like food and rent.
Who are these people? OUR RESIDENTS!
Stay tight on rent - ZERO TOLERANCE on lates.
Set up SQUARE to accept CC for your rents. .
BRAD --174.202.xxx.xx |
Surviving on Credit Cards (by Still Learning [NH]) Posted on: Feb 3, 2023 5:53 PM
Message:
Brad, when you take forms of payment with fees 1.8-3.5%, are you passing fees on to your tenants? My rents range from 1250-1600 so that would be $30-60? I’m getting ready to sign up for clearnow but see the value of other methods. --184.167.xxx.xx |
Surviving on Credit Cards (by 6x6 [TN]) Posted on: Feb 3, 2023 8:42 PM
Message:
And then they will end up filing BK. --73.120.xx.xx |
Surviving on Credit Cards (by BRAD 20,000 [IN]) Posted on: Feb 4, 2023 4:46 PM
Message:
6man,
Yes, BK is coming soon for them. The article mentioned an average of 20% interest on CC. But they will owe the CC, not me.
Still,
We use SQUARE and PayPal. They charge 2.9% + .15? each, totaling 3.25% so we charge the res 4%.
Some tell me they used CC to pay the utils to have money available for rent.
Just had 2 drafts bounce because their bank hit their account with extra fees.
We require their CC info and permission on the lease as a backup.
BRAD --73.103.xxx.xxx |
Surviving on Credit Cards (by Ken [NY]) Posted on: Feb 4, 2023 6:48 PM
Message:
Brad,how many tenants pay using a credit card? --74.77.xx.xx |
Surviving on Credit Cards (by Ray-N-Pa [PA]) Posted on: Feb 5, 2023 8:46 PM
Message:
I do remember my first credit card. I got it for ONLY emergencies.
Yeah
Those days are long gone. Now I myself use the card that gives me the most perks and pay it off in full.
I am not sure if I was the only one who started out with the emergency mind set when they were young and now play the frequent flier point game. I claimed over $900 in 2022 and paid no interest --24.101.xxx.xxx |
Surviving on Credit Cards (by WMH [NC]) Posted on: Feb 5, 2023 9:44 PM
Message:
We don't care about miles anymore, so our cards gives us points for anything we buy. We use our CCs for everything, even $1.50 at 7-11. Pay it off as we use it. But the tracking of expenses is priceless. --50.82.xxx.xxx |
Surviving on Credit Cards (by zero [IN]) Posted on: Feb 6, 2023 7:10 AM
Message:
Against the spouse's advice I got a Lowes AMEX card. Did it so the guy at the store would get his quota in. Plan was to leave it alone.
Now I use it for all the business expenses that I can. The rate is higher than other cards but when you pay it off monthly it doesn't matter.
Used to be that the bonus points were Lowes gift cards. I shop there a lot so that was a perk in itself. Now they allow you to pay toward the credit card debt itself. That is even easier for us.
I got cards for the kids when they were young. Low amounts on them but it all worked out. Guess it was a good idea to help their credit score as well. --107.147.xx.xxx |
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