Snowman wrote:Growing up, I always thought they were the cards of well off, affluent people. It was only when I started to coming to forums like these did I see that normal-everyday people who have good credit are getting approved. Times change I think, and in order to be more profitable they started letting more people in who have good credit and not just affluence either. But Karl Malden is rolling in his grave...lol.
amex will take anyone with $$, they're not like Hermes which once upon a time was foolish enough to turn away Oprah,
I have a...pet peeve I guess...you can say..about luxury brands making items more 'affordable' when really they're cutting the cost down a lot for themselves (therefore maximizing their own profits) by skimping on the product's quality and therefore are making huge $$ from those who don't know better and often can't afford it even at that price range..they just charge it.
I don't mind the idea of having things financed, or credit cards, mortgages, things of that nature.
If it is for something that is a necessity.
Often they're used to buy things that aren't needed..but just because its a lot "cheaper" or a "steal" for the brand behind it. It's like the LV stampede of canvas bags that would cost $600 lowest, when you can get leather bag elsewhere for about the same price or less..if you were to get a leather bag at LV? easily in the 2-4k.
But hey, its an LV and you only pay 600 for it..to look like a million bucks..like a million other folks
And they use their CC to pay for it.
I know a woman who does this, but you know what? She PAYS for her interest charge, along with the principal..she doesn't contest the charge, or she doesn't go on a crazy rampage (though her usage is pretty high..about 80% and her CL is around 30k)
and she pays it every month. it's her choice, her prerogative
Unfortunately, not everyone is like this. I wish..
Also you have to ask yourself, do you really need it??