When your credit limit is too low to buy what you want?

For just about anything you want to get off your chest about credit cards.
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Snowman
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Postby Snowman » Sun Dec 02, 2012 8:12 pm

When i first signed on with BOFA, my family decided to bank separately. I'm currently with BOFA (along with my brother), my mom with Chase, and dad with Citi, because we don't want to do business with any one bank. You sound like you are in your 20's, so if I were you, try taking some charge and try to keep financial things separate from the rest of your family. Like my CC and phone bills, nobody pays them but me (I can afford to, so it is okay.) Don't become dependent on your parents or else life is going to be difficult when they aren't around.
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circle_k
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Postby circle_k » Sun Dec 02, 2012 8:22 pm

Thanks for the gift card idea, I guess I've never bought gift cards. I've noticed my credit scores going up with my current cards and while I wasn't able to get rewards, I'll take the improved scores over rewards. I know everyone here is floating in money like a couple friends of mine who run 5x what I make through their rewards cards each month, then there's me, feeling like the little guy charging $300 to $500 each month, so I don't exactly having card issuers fighting over me for my business.

Just to set the record straight, I'm 47 years old, don't even live with my parents but they won't stay the he11 out of my business. We have big arguments, ends in shouting matches, Sometimes it ends with "get out and stay out! your dead to me!" they go stomping out mad then a couple days later my dad is at the insurance office seeing if he can get me cheaper insurance and my mom is asking for my bank statements. I did sign up for online banking and that lasted a few months, I even went paperless, then my mom went into the bank and complained because she wanted my statements and they didn't have any for her. The told her I went paperless and she said I did that by mistake and wanted my paper statements so when I log in I got "access denied". Had to call in, get my online access reset then a couple months later "access denied". Honestly, I got my first card so I could buy some stuff and they wouldn't know about it, the most they can find out is what the payment is, but they don't even know if it's paid in full or not. I was hoping to use the local bank for routine bills that don't really matter, who cares if they know what I pay for electric, then another bank for other stuff. I looked into a couple other banks, but they charge fees under $1,500 and I'm not sure if I really want that, kind of was thinking about moving a little bit at a time so nobody would really notice and everyone would be happy, but Bank of America wants to you move your entire account to them at one time then I have to figure out if it's even possible to make additional deposits from a distance.

kcarter609
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Postby kcarter609 » Sun Dec 02, 2012 9:08 pm

47 years old and you have these problems... I don't even know what to say now. Read previous posts over and over, make your own decisions, and go for something. Your parents should have nothing to do with your finances at this point. Not even 30 years ago. I took care of my own stuff from 15 years old, and they have no business knowing what I have in the bank and what my CC limits are and all that.

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AMEX Zync (No Pre-set Limit - 1/2010)
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circle_k
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Postby circle_k » Sun Dec 02, 2012 9:31 pm

Here's the other part, I didn't want to bring it up here, but the longer I sit here the more pissed I get. Several months ago I bought a television and wrote a check. The place delivered it and when my dad found out he went on one of his rants and demanded I show him my checkbook. He took the check number, went to the bank and had them stop payment on the check. A couple days later the place returned to repossess the television then the idiots charged me a restocking fee. When they showed up they said the check I wrote was no good and I could either let them in to take the television or they would have to file charges. When I asked at the bank they said my dad came in and stopped payment on that check and he told them "goods not delivered as promised." My dad was always stopping payment on his checks for whatever silly reason, he always thought checks were better than credit cards because if something arrived the wrong color or something he could just call the bank and stop payment.

I went to the store, tried to get the television back, but now they won't do business with me so now I'm going to get something more expensive than the first one. I have to, if I don't, my parents win and I can't let that happen. I'll use a prepaid card, even if it doesn't make good sense. I might run over to Wells Fargo tomorrow to see if they'll open an account for me and I might even ask for a credit card while I'm at it. If I don't like what's there I might try U.S. Bank.

kcarter609
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Postby kcarter609 » Sun Dec 02, 2012 9:39 pm

There you go. That way they can't win. Do you live with your parents?

Active Cards:
Chase Freedom 10+10 Visa Signature ($9k Limit - 8/2012)
Chase Sapphire Preferred ($10k Limit - 2/2013)
Chase Ink Plus ($7k Limit - 2/2013)
Discover IT ($9.5k Limit - 10/2012)
AMEX Zync (No Pre-set Limit - 1/2010)
AMEX Blue Cash Everyday ($20k Limit - 1/2013 - Backdate to 1/2010)

travduke
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Postby travduke » Sun Dec 02, 2012 9:46 pm

Honestly, it sounds like you have bigger issues than how you should pay for a TV.

jeepchic55
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Postby jeepchic55 » Sun Dec 02, 2012 10:38 pm

This has to be a mega troll. There is no way any of this is true. It sounds like your parents are cult leaders or Amish or something.

Midori
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Postby Midori » Sun Dec 02, 2012 11:19 pm

So your bank account is getting mixed up with your cousin's; your bank is closing out accounts without permission; your dad has a habit of stopping checks; and your mom is resetting your statements.

You say BofA doesn't have a branch within 500 miles of you? You're in Kansas, correct? There are 50 branches or ATMs in Topeka. There are 40 branches or ATMs in Wichita. Hays, Dodge City, Great Bend... they all have branches and ATMs.

BTW... looking at the BofA branch finder, the example address is "42 Wallaby Way." Cute. :o)

silver6054
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Postby silver6054 » Sun Dec 02, 2012 11:41 pm

Midori wrote:So your bank account is getting mixed up with your cousin's; your bank is closing out accounts without permission; your dad has a habit of stopping checks; and your mom is resetting your statements.

You say BofA doesn't have a branch within 500 miles of you? You're in Kansas, correct? There are 50 branches or ATMs in Topeka. There are 40 branches or ATMs in Wichita. Hays, Dodge City, Great Bend... they all have branches and ATMs.



If you have a smartphone, Bank of America supports remote deposits (i.e. you take a picture of the front and back of the check and upload it.) I never deposit checks any other way these days.

But (apart from the massive family issues that need resolving of course!) I would suggest a true internet bank, such as Ally, Everbank etc.
Most of these allow you to withdraw from any ATM and refund all fees charged every month. Most have very low starting deposits. Now these won't help with credit cards particularly (well, Everbank have their own) but getting financial privacy is a critical first step. Your parents won't be able to convince a CSR on the internet to stop checks, show statements etc, providing you can resist giving them your passwords.

Instead of the TV, consider using the money to consult a therapist (in a different town). It sounds like you are in a very toxic family relationship and after all these years it's hard to change, and someone else's point of view would be very helpful. As you can tell from most of the responses, this situation is far from normal, and most cannot even begin to understand how this can happen.

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Snowman
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Postby Snowman » Sun Dec 02, 2012 11:52 pm

Circle K- I have a question for you. Do your parents control your finances? I mean. when I buy or spend my money (within reason) nobody ever questions me. I mean you shouldn't let your parents have financial control over you like that. You're a grown man after all, and yet your parents are stopping your checks and looking at your bank statements? Please...do what you can and move, and or keep your financial life separate, there is no good when everyone is involved in what you do financially.
Bank Of America: BankAmeriCard Cash Rewards-4.2k
Citi: Forward-4.5k American Airlines Advantage Platinum Select World Elite MasterCard 9/6/15-4K
Discover: More-7k
Amex BCE.2k- Amex SPG-5k
Chase: Freedom-5kSouthwest Rapid Rewards Plus- 3.6k
Capital one: Venture one-10,000, Visa Signature.



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