Credit card issuers are as stupid as the OP contends. Not becuase they (wisely) reduced the credit limit on the B&N card but because the other company lent $50K, unsecured, at an interest rate of ZERO. Morons, even if they have some model that forecasts a profit once the introductory teaser rate is replaced by a new rate.
For the OP, you can still buy the same amount of stuff with the BN card and get your rewards, you just have to pay it off, say, every week.
Yo miss thepoint on the0 %. Credit card issuers need to maintain an average credit score to both secure and reserve their debts. By bring 50 K on at 0 percent it allows them to lend out 100 k at 22%. This is called a Bar bell principal. There is more too this than meets the eye.
Yo miss thepoint on the0 %. Credit card issuers need to maintain an average credit score to both secure and reserve their debts. By bring 50 K on at 0 percent it allows them to lend out 100 k at 22%. This is called a Bar bell principal. There is more too this than meets the eye.
Yo miss thepoint on the0 %. Credit card issuers need to maintain an average credit score to both secure and reserve their debts. By bring 50 K on at 0 percent it allows them to lend out 100 k at 22%. This is called a Bar bell principal. There is more too this than meets the eye.
Yo miss thepoint on the0 %. Credit card issuers need to maintain an average credit score to both secure and reserve their debts. By bring 50 K on at 0 percent it allows them to lend out 100 k at 22%. This is called a Bar bell principal. There is more too this than meets the eye.
Yo miss thepoint on the0 %. Credit card issuers need to maintain an average credit score to both secure and reserve their debts. By bring 50 K on at 0 percent it allows them to lend out 100 k at 22%. This is called a Bar bell principal. There is more too this than meets the eye.
