No its doesn't.
I have two uncles with one. Those dudes run up huge balances when needed and will roll over to the next month if they want.
GO CHECK YOUR DEBIT CARDS NOW!!
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I have two uncles with one. Those dudes run up huge balances when needed and will roll over to the next month if they want.
DrunkenNovice
Superstar
It can’t be said enough
Get a credit card, stop exposing your money to the fraud, and quirks of our financial system
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No its doesn't.
I have two uncles with one. Those dudes run up huge balances when needed and will roll if they want.
You have to pay the balance in full at the end of the month
once again you don't know what you are talking about
whatever you spend you have to pay back at the end of the month so you run up 80k you have to pay 80k
you're broke asss uncles won't even be able to run up 80k on the card it would get shut off after they swipe at the street club
that shyt is for real ballers and its just for convenience and status symbol
also if what you said is true, your uncles are just running up debt because they are broke lmao
so what are you talking about, nobody with money using credit in that manner lmao they pay off credit debt lmao
How are they broke if they qualify for the card?
NotAnFBIagent
[redacted]
Steal @Another Man username brehs
How are they broke if they qualify for the card?
They don't even ask for bank statements when you apply lmao its based on your credit
I got black cards in peoples names who didn't even have jobs
dumb ass
you never did shyt in your life, your broke you never been in the money world stop pretending
also the black card does have a limit, thats automated, and its based on your spending habits, so if you make purchase outside those guidelines it will be blocked and you have to call in
rich people spend money a lot that's why they say the limit is unlimited, because if your rich there's nothing you can't already buy
Tripling down on the ignorance, amazing!!
Most business lines of credit don’t have to be paid at the end of the month. Depending on the contract, it can be paid by the maturity date, or in installments by the maturity date.
While black cards have to be paid in full, it is still issuing a credit. You said only broke people use credit, so you are contradicting your point.
You also never addressed the loans taken out on margin and CEOs borrowing money from their own business.
I actually have seen all these contracts spelled out due to my line of work. The fact that you said all that stupid shyt you said let’s me know that you have a limited view of how shyt actually works. Next time, instead of calling other people idiots, back up your statements with verifiable facts.
There's a $10K initial fee and a $5K yearly fee. You also need to spend $200K+ per year through AmEx. How exactly are you getting these people AmEx black cards with no job?
Show me right now where I can apply for a business credit line that works as you say lmao
Also Business GO BROKE EVERY fukkING DAY
Most businesses fail, so if business' rely on credit lines they will fail
Once again you don't understand business
First of margain is gambling, most people end up losing everything very few people make it out that deal on top
CEO's don't borrow money from their busineses lmao, CEO ARE EMPLOYEES
CEO's they don't own businesses they work for the owner of the business and are in charge of day to day operations
you have no idea what you are talking about and too ignorant to learn, I'm done talking to you
believe what you wanna believe
2 Up 2 Down
Veteran
I use my credit card for 99% of my purchases.
At the end of the month I use my Cashback rewards towards my balance and pay the rest, so I basically saving money on the purchases I made.
At the end of the month I use my Cashback rewards towards my balance and pay the rest, so I basically saving money on the purchases I made.
There's a $10K initial fee and a $5K yearly fee. You also need to spend $200K+ per year through AmEx. How exactly are you getting these people AmEx black cards with no job?
Most credit cards come with a free, they charge it to the card before you get it and you have to pay it as part of the balance dumb ass lmao
I'm done talking to idiots lmao, like I said most rich people don't even have black cards, its just a status symbol for people to flex when they go out, that's the only type of people get these cards and they always end up getting canceled
Getting the card isn't hard, it goes off your consumer report, they will send you offer in the mail for one
These comments are proof most americans live outside their means, and don't know how to stack and go through discomfort while saving money
having a black card doesn't mean you rich, they black card can be shut off and account closed at anytime
In order to use the card the way its suppose to be used you actually have to be rich, and don't even need the card to begin with which makes it pointless to have which is why most rich people don't have them
just because your own a business doesn't mean you're not struggling financially lmao, yall nikkaz are delusional
having a black card doesn't mean you rich, they black card can be shut off and account closed at anytime
In order to use the card the way its suppose to be used you actually have to be rich, and don't even need the card to begin with which makes it pointless to have which is why most rich people don't have them
just because your own a business doesn't mean you're not struggling financially lmao, yall nikkaz are delusional
staticshock
Veteran
Dudes in here saying they use a credit card for 99% of their purchases
I’ve heard it all now
I’ve heard it all now
This couldn't be more wrong, wow.
