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To: Snowshoe who wrote (22494)	8/11/2002 3:41:26 AM
From: S. maltophilia	Respond to of 74559

<< friends just bought a car on two credit cards to get the airline mileage. They'll have it paid off in a few months.>> Let's say they spent $30,000 on the car and picked up 30K miles. And let's assume the interest is 1%/mo and they pay it off in 3 months. About $600 in interest for one plane ticket. I think I'll pass on that deal.

To: Snowshoe who wrote (22494)	8/11/2002 4:27:40 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

Snowshoe, while two or three people don't statistically represent the worldwide approach to credit, I bet that it does. That's because there have been changes which make credit more attractive than writing cheques, using EFTPOS or giving banknotes. Like you, I also use my credit card for most things. With good telecommunications, the process is quick. I get 1% kickback, which adds up. I get a written record of what I'm spending, including proof of purchase. Don't need to carry cash. I pay it off on time. I used to use cheques and cash. Others I know are doing the same thing. Credit cards are increasingly the best way to pay, so of course they are gaining ground against cheques [which many companies dislike now and many won't accept] and cash. Mqurice

To: Snowshoe who wrote (22494)	8/11/2002 9:59:40 AM
From: Joe Copia	Respond to of 74559

I always call and request a higher credit limit every 6-7 months on every card. This can be done immediately with the rep you are talking to or, if you want a higher increase than the rep is authorized to do, then it will take a tad longer. I rec' the immediate increase as you/they can do this 2 times a year (within reason). This works especially well with a card that you have recently purchased a large ticket item and paid off quickly. Talk to you credit card rep and see what their max credit is. I think $25k per card is the norm.