Epic WTF

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Greenbank in reply to @nick_h.

700% APR is not a feature of a useable credit card. It's really a charge card

I guess my post with actual figures crossed with this last one. It's not 700% unless you barely use it at all AND you don't make use of any of the benefits it provides.

If I got it and used it it'd be about 3% APR for me given my current usage.

And you have to spend 10 grand on it in the first 6 months for it to make any sense.

Plenty of people do though. Quote me in the Golf Club thread but my credit card bill averages about £2k/mo so £10k in 6 months isn't a problem. I wouldn't get the Platinum card as I doubt I'd make enough use of the specific benefits it provides, so I'd end up making a loss on it.

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Dibble in reply to @Greenbank

I’m guessing your £2k per month on a credit card is business expenses?

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Greenbank in reply to @Dibble

I think I've got ~£100 of business expenses on there a month (a co-working space I can expense).

The rest is just general spending for a family of 3. I just put almost all of my spending on a credit card where possible (for cashback/points/etc). Zipcars (we don't have a car of our own), entertainment and eating/drinking out, groceries for eating in, etc, etc.

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