33 posts shown.
Steven Reed said:The Go Card functions as a credit card.
If you're using a dynamic one, you won't be hit with ECMC or Go fees—it's basically a wash. 😉
George Barrett35 said:What kind of card are you even using to have a limit of $2000?
rapidorca10 said:Incorrect. The limit is $1667 regardless of the card used.
rapidorca10 said:Incorrect. The limit is $1667 regardless of the card used.
George Barrett35 said:The ATM withdrawal limit is $1667 and it’s a completely different beast than your card limit. If your card limit is lower, sure, you're going to walk away with less cash, just like how you can't pull out $5,000 if your checking account balance is sitting at a measly couple hundred bucks
restlesscobra6 said:I was wondering if anyone might happen to know what the daily cash withdrawal limit is when using Chase ATMs?
George Barrett35 said:rapidsailor46, look, you really need to have a permanent employment contract in place. You’re acting like it’s 2001 when you bought that computer on checks, but we’re in 2008 now and the landscape has shifted. Or maybe we're just talking about different banks entirely. This guy has an account at Chase, and I'm specifically talking about Chase. Sure, you can get up to 20 checks, but you absolutely have to have the funds sitting in your account to cover every single one issued (roughly $333 per check). Even if you're only pulling five checks, you still need the full coverage, which basically implies you already have enough liquid cash to pay for the whole thing upfront anyway.
To land a credit card—specifically an American Express—you don't actually have to jump through any special hoops. All you need to do is fill out the application and attach a couple of pay stubs. It all boils down to your income level; whether or not you have a permanent employment contract isn't even the deciding factor here. There's no need for notaries, co-signers, endless paperwork, official seals, or Bon 2 forms...
When I mentioned the company would be paying $7,000, I was factoring in the interest over those two years. They aren't going to save a dime by opting for a standard consumer loan because the interest rate spreads are practically non-existent, and honestly, those secondary loans often end up carrying even higher rates.
ruggedhound0 said:At the register, the full amount hits all at once—then JPMorgan Chase breaks it down into installments, much like how the Go Card works versus a standard Mastercard setup. On a side note, that promotional 5% interest rate for the Go Card has officially wrapped up. It’s back up to 16% now—I actually caught a tiny little notice about it at my local branch today; honestly, I wouldn't have even spotted it if I hadn't been hanging out in the queue for half an hour. Meanwhile, those massive Go Card advertisements are still plastered everywhere. Quite clever, really!
ruggedhound0 said:Listen, let’s use some common sense here—for those of us living on a standard, average income (and let's be honest, most of us fall into that category), one credit card is more than enough! If possible, go with a traditional credit card rather than a revolving line of credit. Like someone mentioned earlier, revolving debt is basically a one-way ticket to a spiral of your own making—once you're stuck, there's no easy way out. Plus, if you actually sit down and crunch the numbers—annual fees, membership costs, interest rates, those pesky cash advance fees—you'll quickly see some pretty eye-opening totals. I used to be a total card addict, carrying everything under the sun, but after years of trial and error, I stuck with a simple Mastercard from JPMorgan Chase, and frankly, it does the job just fine. All those other complicated options are essentially a "stupid tax"—something the banks and card issuers know all too well as they squeeze us for every cent. I was just reading about some Visa revolving offer from Intel in partnership with the Federal Reserve, where you rack up points at Intel, then use them at the Mall of America via JPMorgan Chase... honestly, who has the energy to keep track of all that? They're out there hunting for every bit of profit, and we're just buzzing around like bees chasing honey, until eventually, we hit a wall!
Walter Collins said:How does a middleman pocket 2000 if they actually have to move the inventory? If they sell an 8000 item, they're losing at least 10% on the margin—nobody's selling an 8000 product for a full 8000 guaranteed.
Mc Pimpach said:Sure, banks exist, but you can't get cash from them the same day—which is basically the same deal with American Express, if I recall correctly. That’s why those quick-cash lenders still hang around... they actually drop the money within an hour.
Banks should just offer instant personal loans instead of making you spend a whole week drowning in paperwork.👎