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The wonderful world of credit cards. Honest version.

Discussion in 'Consumer Affairs' started by Nowhere Man, Jun 28, 2017.

  1. suncowiam

    suncowiam Well-Known Member

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    So what or who exactly from Islam says this is forbidden?
     
  2. Nowhere Man

    Nowhere Man Bompu Zen Man with a little bit of Bushido.

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    I think cash back is factored in, reflecting a profit on part of the credit card company on the basis that cash back is "earned" by a level of usage on the card.
     
  3. suncowiam

    suncowiam Well-Known Member

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    Yes, it is factored in. Same with airline miles and other perks of owning a credit card.

    Bottom line is...

    Everyone should know as a fact that they are borrowing money. They have to pay back this money with interest. It is part of the contract they initially signed.

    Blaming this on the credit card companies is so a un-conservative thing to do.

    I don't carry much cash because it's much easier to transact with my credit cards. It's a free service for me with many benefits.
     
  4. Muslim-UK

    Muslim-UK Well-Known Member
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    God Himself:

    Those who consume interest cannot stand [on the Day of Resurrection] except as one stands who is being beaten by Satan into insanity. That is because they say, "Trade is [just] like interest." But Allah has permitted trade and has forbidden interest. So whoever has received an admonition from his Lord and desists may have what is past, and his affair rests with Allah . But whoever returns to [dealing in interest or usury] - those are the companions of the Fire; they will abide eternally therein Qur'an 2:275
     
  5. Shadow Wolf

    Shadow Wolf Crazy Diamond

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    My last credit card got me to say no more. Those greedy ******** would call for their money before the due date of my payment, and if I sent in a payment a couple weeks early they didn't take it as that month's payment, and still gave a me "pay by this date or we will take on more in late fees than you usually use at one purchase on this card."
     
  6. Shadow Wolf

    Shadow Wolf Crazy Diamond

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    YYAAAAYYY!!!!!
     
  7. Nowhere Man

    Nowhere Man Bompu Zen Man with a little bit of Bushido.

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    Big problem is the lighting fast levying of interest and fees through the internet in mere seconds rather than hours or days.

    Long gone are the days of snail mail via the postal service that offered people a modicum of breathing room at least.
     
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  8. Muslim-UK

    Muslim-UK Well-Known Member
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    Don't worry, that verse is for the believing Muslims, Christians and Jews warned not to deal in Interest.
     
  9. Shadow Wolf

    Shadow Wolf Crazy Diamond

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    I know. With my first card I had to send in payments via snail mail.
     
  10. Shadow Wolf

    Shadow Wolf Crazy Diamond

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    Even if I'm not Abrahamic, can we still not share our mutual disliking of the modern and very greedy banking practices and those who promote them?
     
  11. Muslim-UK

    Muslim-UK Well-Known Member
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    For sure brother. More people need to wake up and say no to modern slavery.
     
  12. Akivah

    Akivah Well-Known Member

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    You mean you don't mail in paper checks like I do??
     
  13. Akivah

    Akivah Well-Known Member

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    That sounds like a good company to get rid of. Their competitors will do better.
     
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  14. suncowiam

    suncowiam Well-Known Member

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    I don't think it's talking about the same "interest" here.

    The Quranic Arabic Corpus - Translation
     
  15. Muslim-UK

    Muslim-UK Well-Known Member
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  16. suncowiam

    suncowiam Well-Known Member

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    Well, you're more of an expert than I.
     
  17. Thief

    Thief Rogue Theologian

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    until you are attempting to purchase a pickup truck
    and the salesman reports to your face......your credit rating is '0'

    no truck
     
    • Informative Informative x 1
  18. Thief

    Thief Rogue Theologian

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    at more than 15% the typical will keep you in debt forever
    not to mention 24%

    where's Guido?......Plano Texas
     
  19. LuisDantas

    LuisDantas Aura of atheification
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    Not sure I see the link to secularism. Are you implying that properly cared religion would ward off greed?
     
  20. Shadow Wolf

    Shadow Wolf Crazy Diamond

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    The lowest credit rating possible is 300. You can't get a zero.
     
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