Quote:
Originally Posted by Mike33
I think one reason is that credit card companies hate guys like you because they dont' make any money off you. They make money off interest, and if you're paying your credit off in full monthly, they're not getting interest. They would prefer you pay the minimum balance each month instead. It's like taking out a mortage today, and paying it in full tomorrow - the bank would not have made any money from giving you the loan.
Anyway, like you said, if you're paying off in full each month, you'll have no problems getting a loan for a car or house anyway. I'm like you, I pay off my credit in full each month because I can't stand knowing I owe money on something. I learned that this isn't the "best" way to do things in the eyes of the credit system, even though I believe it's the best way to live, personally.
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This reverses itself when you get into the higher numbers. Visa/MC/AMEX charge for their services. It is a small percentage that doesn't amount to much on $500... But when you regularly charge up $50,000 a month and pay it all off they made money on the 1.7% they charged the merchant. So they in fact do make money on high-rollers.
It royally sucks when you are in the middle. Like you do $5000 a month. Then they make $65 and don't offer you shit.