Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.

View this topic in a long page with up to 500 replies per page Create new topic
1 | 2 
760 posts

Ultimate Geek
+1 received by user: 63


  Reply # 668408 6-Aug-2012 16:03 Send private message

ajobbins:
You would be surprised at what they will give you.


Wasn't that one of the catalysts for the GFC, insititutions lending money to people that can't afford to pay it back.  Have they tightened up on this at all when it comes to handing out CC limits?

I'm trying to instill in the kids (13 & 15) never to borrow money for non-essential items, and continue the message about compound interest.  Whether they will heed the advice...remains to be seen I guess.





Awesome
3945 posts

Uber Geek
+1 received by user: 475

Trusted
Subscriber

  Reply # 668436 6-Aug-2012 16:36 Send private message

floydbloke:Wasn't that one of the catalysts for the GFC, insititutions lending money to people that can't afford to pay it back.  Have they tightened up on this at all when it comes to handing out CC limits?


Suspect they have tightened this up now, but still probably no drama getting a $1k or less limit.

I got a card from NBNZ when I was in 7th form with a $500 limit. I made like $80 a week at the time. That was a few years before the GFC, tho.




Twitter: ajobbins

698 posts

Ultimate Geek
+1 received by user: 133

Trusted
Subscriber

  Reply # 668442 6-Aug-2012 16:40 Send private message

I understand Kiwi Bank are doing a balance transfer deal.




Procrastination eventually pays off.

2220 posts

Uber Geek
+1 received by user: 80


  Reply # 668469 6-Aug-2012 17:08 Send private message

Lol so just got back from the bank, thanks for your advice about looking at balance transfer deals. Got a KiwiBank Mastercard with like 2% or something for the first 6 months on balances transferred so I'm just waiting to be approved for that. Should hopefully ease my mind a bit.





2013 MacBook Air (4GB/1.3GHz i5/128GB SSD) - HP DV6 (8GB/2.8GHz i7/120GB SSD + 750GB HDD)
iPhone 5 (16GB/White/Telecom NZ) - Xperia Z C6603 (16GB/Purple/Telecom NZ)

Sam, Auckland 
Skype: tardtasticx

4740 posts

Uber Geek
+1 received by user: 117

Trusted

  Reply # 668672 7-Aug-2012 07:26 Send private message

jonb: 
You also need to be careful doing balance transfers too - don't use this card to make any purchases until you've paid off the balance transfer. This is how I got stung.

Any purchases you make are charged at full interest, but there is no way to pay them off until you pay all the balance trasfer amount first. 


+1

This is a actually a really key point to note.

698 posts

Ultimate Geek
+1 received by user: 133

Trusted
Subscriber

  Reply # 668680 7-Aug-2012 08:08 Send private message

Jaxson:
jonb: 
You also need to be careful doing balance transfers too - don't use this card to make any purchases until you've paid off the balance transfer. This is how I got stung.

Any purchases you make are charged at full interest, but there is no way to pay them off until you pay all the balance trasfer amount first. 


+1

This is a actually a really key point to note.


Not always the case.  Check with your card provider - This is on the KiwiBank web page;

Switch to a Kiwibank MasterCard™ and pay only 2.99% p.a. for the first six months on the transferred balance and new purchases.

But like I say - check with the card provider.




Procrastination eventually pays off.

4740 posts

Uber Geek
+1 received by user: 117

Trusted

  Reply # 668713 7-Aug-2012 09:22 Send private message

Yeah good point StarBlazer. I think kiwibanks is all encompassing probably due to it only being 6 months. Westpac's was for a year or two and in that case all repayments were on the initial transferred portion only.

But yes, message is basically just to check the details and see if it's actually going to be good for you.

1 | 2 
View this topic in a long page with up to 500 replies per page Create new topic




Twitter »
Follow us to receive Twitter updates when new discussions are posted in our forums:



Follow us to receive Twitter updates when news items and blogs are posted in our frontpage:



Follow us to receive Twitter updates when tech item prices are listed in our price comparison site:




News »

Trending now »
Hot discussions in our forums right now:

Orcon Global Mode launched
Created by freitasm, last reply by Sounddude on 28-Aug-2014 15:39 (104 replies)
Pages... 5 6 7


Debian can't access DNS
Created by dcole13, last reply by gstarkey on 28-Aug-2014 20:46 (28 replies)
Pages... 2


Lightbox quality Awful
Created by ronw, last reply by ronw on 28-Aug-2014 20:28 (26 replies)
Pages... 2


Advice on Residential Fence replacement and neighbour
Created by networkn, last reply by nickrout on 27-Aug-2014 19:45 (26 replies)
Pages... 2


Vodafone TV multicast settings on pfSense?
Created by kenkeniff, last reply by kenkeniff on 27-Aug-2014 10:32 (182 replies)
Pages... 11 12 13


XtraHost - Closing
Created by achieveit, last reply by quickymart on 27-Aug-2014 18:57 (19 replies)
Pages... 2


Another Gaming computer help question
Created by Lyderies, last reply by timmmay on 26-Aug-2014 18:06 (38 replies)
Pages... 2 3


Lightbox press event release
Created by freitasm, last reply by StarBlazer on 28-Aug-2014 19:44 (545 replies)
Pages... 35 36 37



Geekzone Live »
Try automatic live updates from Geekzone directly in your browser, without refreshing the page, with Geekzone Live now.

Are you subscribed to our RSS feed? You can download the latest headlines and summaries from our stories directly to your computer or smartphone by using a feed reader.

Alternatively, you can receive a daily email with Geekzone updates.