Ayla
Well-Known Member
Damn! Whoever is paying 25% APR on their cards needs to find a different one!6 months at 25+%APR….along with the rest of the revolving debt carried for other expenses….oooffff
Damn! Whoever is paying 25% APR on their cards needs to find a different one!6 months at 25+%APR….along with the rest of the revolving debt carried for other expenses….oooffff
Yep, I’m sure it lures ppl but you won’t see rich ppl in general juggling 0% promotions.Soo, in my quest for a perfect credit score, I am faced with a wife who insists on doing the whole "get this credit card for X amount off, a free furbie, and a frapachino". It drives me nuts! My credit score analysis even says basically "stop opening credit cards moron". ...or something like that.
Oh, I left off the lead point, we have money and carry no balances. Those stupid 0% promotions lure in miserly wealthy folk too. Unfortunately.
Now there are financial advisors that will tell you that getting free is a good reason to play the credit card companies at their own game. Maybe... but I don't have time for that. ...which was your point for me at least.
The rates are rather high…it’s been in the newsDamn! Whoever is paying 25% APR on their cards needs to find a different one!
Where did $6,500 come from?A $6,500 vacation on a credit card with even the ridiculous 28.24% APR pointed out earlier that is paid off over six months will increase the cost of you vacation by roughly $365.
Obviously this only applies to people who actually pay it off over a reasonable time (which was most survey respondents) but less than $400 dollars for a possible once in a life time trip isn't that bad.
Personally I wouldn't do it but to each their own.
Credit card debt is almost never paid off that quickly. The data show that.
Not every trip is a carbon copy of the previous. We go to experience new attraction, different shows, new dining spots and menu items. We also add in new tours or experiences we didn’t get to do on another trip.You could take it a step further...
First trip = experience
Second trip = routine
Third trip+ = addiction
I see people that I am pretty sure are addicted to WDW (or travel in general) that are behaving financially like it is an addiction. Going into debt for a trip is one thing. Going into more debt for the same trip again is another.
…but that bacon was SOOOO GOOODMy mother in law racked up 20,000 in debt on CCs from WDW visits.
Not every trip is a carbon copy of the previous. We go to experience new attraction, different shows, new dining spots and menu items. We also add in new tours or experiences we didn’t get to do on another trip.
We also usually fit in a Uni day or Orlando attraction. That is outside the Dis payment but it makes the trip back unique.
When interest rates on savings accounts are next to nothing where is the incentive to save, it takes work to make your money grow and most people don't have the disposable income in this great economy(sarcasm)I mean, let's be honest, most American's aren't great "savers" and the general mentality (for any big purchase... I mean, it's practically encouraged be it for a car, or new appliances, or home upgrades... even PayPal gives you the option to pay over time) is to buy now and pay later. Is it really any surprise that a Disney trip would be any different? Me personally? I budget for EVERYTHING (Christmas, Vacations, Birthdays, etc.) and I generally only put on my credit card what I already have in my bank account so I can pay it off immediately (we have general plans for vacations for the next three years so we can be sure we are putting aside enough cash now to cover expenses later), but I know that I'm by far the exception and not the norm...
And a wife of a friend maxed out her cards on Amazon, casino slots and e-bay. Trashing their credit and putting them in a hole without his knowledge that’s quite impossible to get out of.My mother in law racked up 20,000 in debt on CCs from WDW visits.
National credit card data doesn’t agree with 2,000 Disney responders who probably do intend to pay it off, but won’t. Everyone “says” they’ll pay it off. If they did, we would not have $1.1T in credit card debt in America.Where did $6,500 come from?
According to the poll:
When it comes to how much debt they took on, parents of young children took on an average of $1,983 for Disney — the highest across all demographics. Across all Americans who took on Disney debt, that figure was $1,690. (As of June 2, standard date-based tickets for Disney World guests 10 and older start at $109.00 a day.)
Also not in the poll:
Most Americans won’t carry their Disney debt for long. For their last trip, 75% of indebted Disney-goers say it would take (or took) six months or less to pay it off. And 32% say it would take specifically three to six months, the most common response.
Like the San Fernando valley Adam and Eve?And a wife of a friend maxed out her cards on Amazon, casino slots and e-bay. Trashing their credit and putting them in a hole without his knowledge that’s quite impossible to get out of.
Disney isn’t unique in people spending what they can’t afford. Dis isn’t any different than any other business that advertises to the consumer to bite. Where personal responsibility ? They are playing the advertising game that’s been employed since Adam and Eve. Set out the line and see who bites.
It’s not different than Amazon or maxing out a card for clothes or anything else. I guess it’s an addiction that some people can’t handle (again, like anything else).And a wife of a friend maxed out her cards on Amazon, casino slots and e-bay. Trashing their credit and putting them in a hole without his knowledge that’s quite impossible to get out of.
Disney isn’t unique in people spending what they can’t afford. Dis isn’t any different than any other business that advertises to the consumer to bite. Where personal responsibility ? They are playing the advertising game that’s been employed since Adam and Eve. Set out the line and see who bites.
When interest rates on savings accounts are next to nothing where is the incentive to save, it takes work to make your money grow and most people don't have the disposable income in this great economy(sarcasm)
I don’t disagree that some crave Disney trips. They enjoy the parks , experiences not found elsewhere. But that wasn’t what I got from his post.” Going into debt for the same trip”… They can be very different.The point is not that they’re identical…it’s that the desire/“craving” that drives them is.
Where did $6,500 come from?
According to the poll:
When it comes to how much debt they took on, parents of young children took on an average of $1,983 for Disney — the highest across all demographics. Across all Americans who took on Disney debt, that figure was $1,690. (As of June 2, standard date-based tickets for Disney World guests 10 and older start at $109.00 a day.)
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