Capital One worse than Wonga

Tiddlywinks

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

Gosh.

I use a charge card or a credit card for virtually everything I buy - groceries, parking, coffees etc.

It never occurred to me that someone might assume I'm 'struggling' or in a 'financial mess' because I use them.

You see, some people use cards for the rewards or incentives... Putting something on a card - even ice cream - does not mean that can't afford that item. It doesn't necessarily mean that you won't settle the bill in full at the end of the month.

My Amex bill is normally around £2k per month - I pay it back each time with no interest BUT get a lot of benefits from using the card.

So, if you're ever behind me in the supermarket, don't think I'm an idiot or impoverished because I pay for my shopping by card... it just makes smart financial sense for me.

Ebe_Scrooge

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

I must be in a right old financial mess then. About £2500 per month goes on to my Tesco credit card, which gets paid in full every month. The annoying thing is, they will insist on sending me loads of clubcard vouchers every few months, and I feel obliged to spend them on days out for the kids. It's such a pain having free holidays and days out, but that's the problem with being in such a financial mess.

msallen

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

Ignorance is perfectly excusable. Bragging about it and attempting to corrupt others is not.

booksurr

k2150 wrote: »

I was in Lidl during this heatwave to buy some ice cream for my girls but forgot my cash, pull out a Capital One card, Lidl don't accept credit cards,

as i write this i have in front of me my Lidl receipt dated 30 June for £2.29 of ice cream paid for using my Capital One credit card

Lidl do not accept Amex cards but they certainly take mastercard cards - well at least they do round here, presumably they don't where you are?
Instead of slagging off capital one for your own mistake, move to a better location?

booksurr

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

this is the Money Saving Expert Website and yet you haven't even learned the most basic of things, a credit card is used for earning cash back/points/vouchers, not for "racking up debt"
0/10 MSE

Slithery

booksurr wrote: »

as i write this i have in front of me my Lidl receipt dated 30 June for £2.29 of ice cream paid for using my Capital One credit card

Lidl do not accept Amex cards but they certainly take mastercard cards - well at least they do round here, presumably they don't where you are?
Instead of slagging off capital one for your own mistake, move to a better location?

Let me guess, your in Scotland.

leeroy2009

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

well in my case I would be a complete idiot not to put food shopping on one of my credit cards as that card gives me 4% cashback on my food shopping - that is the way to live!

ricky_v

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

I only get about £10 a month from 2 0% credit cards I'm stoozing off, 4% cashback from petrol and fuel on another card, and 0.5% cashback (plus £10 a year) on everything else with my 4th.

Yeah, I'm in a real financial mess :rotfl:

Ebe_Scrooge

booksurr wrote: »

this is the Money Saving Expert Website and yet you haven't even learned the most basic of things, a credit card is used for earning cash back/points/vouchers, not for "racking up debt"
0/10 MSE

Spot on. I think Pweggie has probably got the message by now ! A credit card, used sensibly, can be a very wise choice. You can get cash back, air miles, coupons, whatever, on your everyday spending - as you rightly point out. As long as you only use it for everyday spending - i.e. don't use it to buy something you can't really afford, and pay it off in full every month.

Actually, a slight caveat to that - they are also useful for short-term loans. If, for instance, you want to buy a new TV that's on special offer in the sales, but can't quite afford it all in one go, but you could comfortably pay for it in 2 months - then fine. The interest you'll pay for 1 or 2 months is probably a lot less than by taking out a loan for a year. And it actually looks pretty good on your credit history - comfortably paying far more than the minimum payment, and clearing the debt quickly.

The problem arises when people think "Hey, I've got 5 grand available, time to party", and don't think about how they'll pay it off. Then the spiral of debt and high interest rates kicks in, and before long they're on here asking for advice.

As long as you're sensible and disciplined, a credit card is an MSE winner

The_Boss

pweggie wrote: »

I don't know how anyone can put food shopping on a credit card - that's no way to live. I appreciate some people are struggling, but credit cards are not the way out of financial mess, they just make more mess - and particularly ones like Capital One!!

It seems even more ridiculous that you would be willing to go to such lengths to rack up more credit card debt just so your kids can have ice cream?!?!? !!!!!!?? Have you never said a simple 'no' to your children, or is teaching your children a valuable lesson about money, and the virtue of avoiding instant gratification, just too much like hard work??

I really do wonder why some people are in the financial mess they are in....
:mad:

Wow. Just wow. Paying by credit card doesn't necessarily link to buying what you can't afford. You don't seem to understand credit cards and are instead just stereotyping all cc users.