Any bank that gives someone a $100K limit on their credit card deserves to get fucked in the ass by a spoiled brat. WTF does someone even need a $100K credit card for? The most expensive whores on BackPage are what - $200 for the evening?
I don't have nor do I need $100k credit lines on my cc's, however I do know plenty of people who earn and spend enough to have the need. And no, they don't deserve to get "fucked in the ass" because they're fortunate enough to be in the 1%.
Just because someone has wealth doesn't mean some spoiled brat snowflake should commit a felony to take advantage of them.
Fuck niece Biden, not the cc holder.
uncle joe will pay her debt off ... i can't wait till the Doc tells me i have a year left ... spending spree for all my friends ... hehehee
I'm talking about the loaning organization getting fucked in the ass; not you and I. If this calculator is right I am top 3%. I have one Amex card that my employer gave me for business trips, and I have one certificate of deposit linked to a line of credit visa debit card. That's it. If I cannot buy it cash, I don't buy it. Every time I pick up a newspaper about some celebrity; they squandered their many millions and screwed their creditors and did a bankruptcy. You know what happens then? That loaning bank increases their interest rates to the poor and middle class to pay off the loss from that rich person. Moral of the story - banks shouldn't loan such big amounts. Here is the calculator I was talking about. http://www.nytimes.com/interactive/2012/01/15/business/one-percent-map.html?_r=0
Ok, gotcha.
I also pay quasi cash for everything as well. WTH does quasi cash mean? Glad you asked. I have a decent visa rewards card that returns a percentage of every charge I put through in cash. I have it directed to deposit the cash reward into my Roth IRA. I used to ignore the rewards because I, just like you, pay cash or don't buy. However, I've amended my purchasing habits to now pay for EVERYTHING I buy with that Visa reward card. When I get home I take the receipts from the day and immediately pay the Visa account from my checking account. The balance never goes above zero at the end of the day. Forget about carrying a monthly balance, I don't even carry it for one day. My monthly statement might come through with the last day or two charge on it but I know I've already paid that off. I get total credit on the reward card for the purchase.
Using this narrative. I've had a real nice contribution to my Roth IRA without feeling it out of pocket.