Posts by Timothy Kim9

dustyjackal9, thanks for clearing that up 🙂

Figures... I should have seen this coming.
A buddy of mine was in Nice a week ago and left his credit card at the hotel front desk as a deposit—you know, just in case he raided the minibar or something.
Well, turns out he spent the weekend flying around on four different airlines 🙂
and now his balance is sitting at 16 $0.00

So, I'm arguing with my aunt about whether a standard green American Express card even allows for more installments—am I right to be pushing back?
And who knows, I might end up losing out on a cash discount in the process. 😢

thanks 🙂
I’ve got more questions 🙂 (sorry, Kimberly Nguyen, I have to bug you—I get the feeling you know everything 🙂
so
When a store says "no interest" if you pay with an American Express, that’s just the store's own promotion, right?
If I pay the full balance with my American Express immediately, but then next month they mail me a bill with a 5% charge... then I end up paying interest anyway.
Am I thinking about this correctly?

aha
So, I walk into the store and ask—can I put this on my Diners Club card for six installments?
How does that even work? How do they regulate it?
Does Diners just cover the cost upfront, and then I pay them back later?
Or what?

Look, let me try to explain why this makes zero sense to me 🙂

If I’m following this correctly, when I use my Diners Club card, I supposedly have the option to pay off only 9% of what I actually owe.
So, say I pick up a new stove from $1000 and put it on my Diners Club. My first bill comes in at about $90.
Does that mean I'm basically $910 stuck in a revolving credit loop?

I’m one of those losers who doesn’t own a single credit card.
But I’ve started looking into them—mostly because of apartment repairs or just paying my car registration. If I’m understanding this right, a revolving line of credit sounds like a decent idea for when you suddenly need $500 or $600 and don't want to dip into your checking account.
So, here's what I'm thinking:
A standard credit card is basically just delaying a payment by 30 days—that's nothing, and it's not what I'm after.
What I actually want is a revolving credit card where I pay off the balance monthly in installments—say, about 10% of whatever I still owe each month.
My question is: how do you actually "tell" a revolving credit card that you want to pay it back that way, instead of having the entire balance due in 30 days?