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thingstodo · 07-23-2006, 06:46 AM

I didn't think you need to pay for a credit card unless there is a frequent something involved. For example, I have a Marriott card through some bank - I don't know which one - and there is a $30/year charge. However, I get that back in a big way over the year through all the extra point, etc. One month of charges gets me three nights in a mid-level Marriott property, so the $30 is well worth it.

Aren't there cards you can get that are secured with a deposit? For example, you give them $200 to hold and they give you a card with a $200 limit. I don't think there are fees attached to those but I'm not 100% certain.

The one thing you have to be careful with on that is the hold that gets placed if you rent a car or go to a hotel, etc. They hold more than the current charge amount as a back up. For example, if you rent a car the usually tag your card for around $300 or so until you turn it in and settle with the actual charges. The hold doesn't mean that your card has been charged, only that the available credit has been reduced until the transaction has been finalized.

$39 for a regular credit card seems outragious!

07-23-2006, 06:46 AM	#25 (permalink)
thingstodo A Storm Is Coming Location: The Great White North	I didn't think you need to pay for a credit card unless there is a frequent something involved. For example, I have a Marriott card through some bank - I don't know which one - and there is a $30/year charge. However, I get that back in a big way over the year through all the extra point, etc. One month of charges gets me three nights in a mid-level Marriott property, so the $30 is well worth it. Aren't there cards you can get that are secured with a deposit? For example, you give them $200 to hold and they give you a card with a $200 limit. I don't think there are fees attached to those but I'm not 100% certain. The one thing you have to be careful with on that is the hold that gets placed if you rent a car or go to a hotel, etc. They hold more than the current charge amount as a back up. For example, if you rent a car the usually tag your card for around $300 or so until you turn it in and settle with the actual charges. The hold doesn't mean that your card has been charged, only that the available credit has been reduced until the transaction has been finalized. $39 for a regular credit card seems outragious! __________________ If you're wringing your hands you can't roll up your shirt sleeves. Stangers have the best candy.