Comments on: Does your credit card let you spend past your limit? http://nudges.wordpress.com/2008/05/16/does-your-credit-card-let-you-spend-past-your-limit/ From Richard Thaler and Cass Sunstein's "Nudge: Improving Decisions about Health, Wealth, and Happiness" Wed, 02 Dec 2009 05:52:08 +0000 http://wordpress.com/ hourly 1 By: Scott http://nudges.wordpress.com/2008/05/16/does-your-credit-card-let-you-spend-past-your-limit/#comment-2928 Scott Tue, 24 Feb 2009 22:44:28 +0000 http://nudges.wordpress.com/?p=244#comment-2928 wow this was a very helpful article, as the last thing people need right now is to get into credit card debt.. wow this was a very helpful article, as the last thing people need right now is to get into credit card debt..

]]> By: tesco credit cards http://nudges.wordpress.com/2008/05/16/does-your-credit-card-let-you-spend-past-your-limit/#comment-1006 tesco credit cards Tue, 05 Aug 2008 00:23:31 +0000 http://nudges.wordpress.com/?p=244#comment-1006 <strong>tesco credit cards...</strong> Just read a good story on The 10 Worst Credit Card Mistakes College Students Make. I would add having too many credit cards to their list. Why would you ever need more than two credit cards? Even one card is probably enough to build your credit history... tesco credit cards…

Just read a good story on The 10 Worst Credit Card Mistakes College Students Make. I would add having too many credit cards to their list. Why would you ever need more than two credit cards? Even one card is probably enough to build your credit history…

]]> By: Ed Crump http://nudges.wordpress.com/2008/05/16/does-your-credit-card-let-you-spend-past-your-limit/#comment-467 Ed Crump Sun, 18 May 2008 20:34:30 +0000 http://nudges.wordpress.com/?p=244#comment-467 My Best Friend, a mature woman of very modest means, but the possessor of at least ten bank and store credit cards. In a 5 year period, this person ran up an indebtedness of over $50,000, and necessitated her filing a Chapter 7 bankruptcy petition. This entire action was never detected by her husband, son, and friends. She certainly is guilty of addictive behavior, and there is no excuse for that. But she was enabled every step of the way by the card issuers. My Best Friend, a mature woman of very modest means, but the possessor of at least ten bank and store credit cards. In a 5 year period, this person ran up an indebtedness of over $50,000, and necessitated her
filing a Chapter 7 bankruptcy petition. This entire action was never detected by her husband, son, and friends. She certainly is guilty of addictive behavior, and there is no excuse for that. But she was enabled every step of the way by the card issuers.

]]> By: Paul Sweeney http://nudges.wordpress.com/2008/05/16/does-your-credit-card-let-you-spend-past-your-limit/#comment-451 Paul Sweeney Fri, 16 May 2008 18:49:42 +0000 http://nudges.wordpress.com/?p=244#comment-451 Great, great point. Our company provides Credit Card companies with an interactive notification/ messaging system, so when you reach that limit, we call you and ask you to validate that you do want to go over that limit. How cool would it be to just put a nudge in there to see if you really, really want to go over for "a bottle of wine"? Seriously, we'll look into it! Great, great point. Our company provides Credit Card companies with an interactive notification/ messaging system, so when you reach that limit, we call you and ask you to validate that you do want to go over that limit. How cool would it be to just put a nudge in there to see if you really, really want to go over for “a bottle of wine”? Seriously, we’ll look into it!

]]> By: Nick http://nudges.wordpress.com/2008/05/16/does-your-credit-card-let-you-spend-past-your-limit/#comment-449 Nick Fri, 16 May 2008 17:28:20 +0000 http://nudges.wordpress.com/?p=244#comment-449 I am sure they would charge some large "convenience" fee to do anything like blocking purchases by category. I am sure they would charge some large “convenience” fee to do anything like blocking purchases by category.

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