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so many credit cards...!

January 30th, 2009 at 07:41 am

Well, I went and got my blood test! I didn't eat from 6pm Wednesday night til 3pm Thursday afternoon and was STARVED. (couldn't eat breakfast as I woke up too late, then when I got to work realised my 8 hours had started... grrr!)
I haven't exercised for about two weeks and I feel FAT and BLOATED beyond belief. It's amazing the good feelings you get from exercise, and I really notice it when I'm NOT doing any form of physical activity. I just feel much better when I do atleast a couple of sessions on my bike a week, and I feel like an athlete when I do six or seven days a week plus swimming. (an athlete that's lazy and on their holidays, exercising for 'fun', but an athlete nonetheless).

Today DF finished work early so I met him at the bank and we went in to do income vrification and get our new credit cards with our home loan bank.

We got American Express cards (!!!)

I don't know if it's different in America, but in Australia to get Amex you need to earn over a certain amount to get them, and they're sort of a 'status symbol' for a lot of people (not us though). Likewise, if you work in customer service, you probably have a bit of disdain for people who pay for things with Amex; in my experience they've always been rude and self important, and they pull out their Amex cards with a big show of 'oh HERE it is, everyone look, here's my credit card.'.

Anyway, so I won't be pulling that out any time soon.

We also got Mastercard ones, and they are giving us Debit Mastercards as well. WHY do we have so many cards???
They're all free, so I don't really care. I mean, I do CARE, but hey, it's free, why not have them? I'm not going to rack up debt on them, if that's what anyone is wondering. I don't do that sort of thing. He said we could have the debit mastercards if we wanted, or we didn't have to if we thought we wouldn't use them. I said I would rather have them incase we needed them where we didn't want to use a credit card, and we'll just keep them at home for the time being. They all come on one statement, so I'm not wasting paper either. :-)

But that's THREE cards! Plus we will have normal ATM cards. PLUS my Virgin/Ignite CC, my ANZ CC, my other bank ATM card, plus DF's Virgin/Ignite CC, his ATM card...


Anyway, I had a thought yesterday as well. Isn't it STRANGE that a bank will give you credit cards, when you're actually just applying for a home loan, before they even find out if your finance for a home loan is approved? It's like, you're borrowing hundreds of thousands of dollars from them, and they want to get a bit more in edgeways so they give a bajillion credit cards as well. Eh. They're not going to be making a CENT from the credit cards off me!

4 Responses to “so many credit cards...!”

  1. Smiley2009 Says:

    Yeah I wouldn't be to eager to charge up the credit card. That's amazing normally they want you to minimize all debt possible when making such a large person. That's crazy I've never heard of them offering a credit card to go with it lol but that's here in America. So I'm not familiar with the way things work in other places. Lol and again Congrats to you and DF on the House again girl!!!

  2. Analise Says:

    That is interesting about the cards, especially the AmEx. I think here in the US AmEx is not a status symbol. I use my AmEx because it's from Costco and I use it mostly there and for Costco gas and dining out because of the cash rebate tier (1-3% back). It also has my photo on the back, making the ID part easy.

    I am still somewhat puzzled about how AU real estate loans work... are the new CCs tied to your loan? Well, the important thing is YOU'RE GETTING YOUR OWN HOUSE!!! Yipee for you and I have not doubt you will be sensible about using (or not) all those cards.

  3. M E 2 Says:

    Once upon a time, not so long ago, AmEx was DEFINITELY a status symbol in the U.S. when it came to credit cards.

  4. whitestripe Says:

    analise: because i got a package loan, the annual fee is $395, and with that you get whatever bank accounts you like and a free credit card, as well as a whole heap of discounts off other services like insurance and $160 towards a financial planning consultation. when i was filling out our application it has boxes that you tick for the accounts that you want. i ticked the altitude reward card (im hoping to earn enough rewards to pay for the yearly fee).
    we have a main account, which is our offset account (anything in there eats away at the interest on our homeloan). then we have credit cards and other savings accounts that are all linked to the main account.
    i dont know if any of that helped. :S its difficult to explain because it all makes sense to me!

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