DH lost Credit card roulette...

[Anonymous]

Anonymous wrote:OP here, allow me to answer these questions...

So this game was done at the request of one of our friends. My husband handles all of our finances, I let him deal with that.

We each have our own separate credit cards but I am not aware of what he owes on his until he told me. The total bill for the evening was roughly $385.

For those who are not aware this is an actual game and we have played it before but he has never once been selected and I think he assumed that he wouldn't be selected this time and that's why there was a lot of shock when the card came back declined.

Where can several couples who are in to this kind of thing go where the tab is only $385?

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here, allow me to answer these questions...

So this game was done at the request of one of our friends. My husband handles all of our finances, I let him deal with that.

We each have our own separate credit cards but I am not aware of what he owes on his until he told me. The total bill for the evening was roughly $385.

For those who are not aware this is an actual game and we have played it before but he has never once been selected and I think he assumed that he wouldn't be selected this time and that's why there was a lot of shock when the card came back declined.

Where can several couples who are in to this kind of thing go where the tab is only $385?

Chipotle accepts credit cards.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP here, allow me to answer these questions...

So this game was done at the request of one of our friends. My husband handles all of our finances, I let him deal with that.

We each have our own separate credit cards but I am not aware of what he owes on his until he told me. The total bill for the evening was roughly $385.

For those who are not aware this is an actual game and we have played it before but he has never once been selected and I think he assumed that he wouldn't be selected this time and that's why there was a lot of shock when the card came back declined.

Where can several couples who are in to this kind of thing go where the tab is only $385?

OP just said they were out, not "out to dinner" which means it could just have been a couple rounds of drinks.

[Anonymous]

Did OP not have another credit card? On the rare occasion my credit card has been declined (potential fraud risk etc) I have another at the ready.

but I still think it was a troll.

[Anonymous]

Anonymous wrote:This game is only for single, newly graduated consultants. Everyone else is too smart for this (I thought).

When I worked on wall st, it was always popular with the young analysts and first year associates. Some of the more immature traders would do it at happy hours after running up big wine tabs

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is credit card roulette? And why is your bigger problem embarrassment rather that financial?

Everyone puts a credit or debit card out and the waiter picks one to pay the whole check.

Weird. Who does this. Most people don't have the money for these ridiculous games. And OP is probably spending the money that is on that credit card.

I used to work on Wall Street. The traders would do this for lunch.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I feel like owing someone $300 for dinner is nothing compared to multi thousand dollar credit overdraft. Are you guys carrying a giant balance? What's the interest rate on that? Is the interest rate different on an overdraft? You should be combing over those credit card terms.

OP here. We just finished putting in a new master bathroom and put most of the costs on our credit cards. Interest rate is currently 7.99% introductory and then jumps to 29.99% in 12 months. We figured we would hold at low interest and pay off later. But we may have overextended our limit on the card.

You do understand the apr on overdraft can be significantly more, right. You need to read your terms now.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I feel like owing someone $300 for dinner is nothing compared to multi thousand dollar credit overdraft. Are you guys carrying a giant balance? What's the interest rate on that? Is the interest rate different on an overdraft? You should be combing over those credit card terms.

OP here. We just finished putting in a new master bathroom and put most of the costs on our credit cards. Interest rate is currently 7.99% introductory and then jumps to 29.99% in 12 months. We figured we would hold at low interest and pay off later. But we may have overextended our limit on the card.

Uhhh I'm sorry but no, you are not the OP. That distinction goes to me and me only, Larla. You do not speak for us, you do not know our lives and you do not know what me and DH are going through currently.

At any rate, I have started to take a deep dive into our finances and I've come to realize DH lied about more than just credit cards. He is apparently further in debt than I imagined. There were several purchases that he made without my knowledge that total over $20,000 along with student loans and another loan for a pontoon boat he purchased, we are seriously over leveraged.

My mom is an accountant and I will be speaking with her this weekend to figure out our options but I am seriously mad at my husband. We are currently not speaking with each other and my sister thinks I should consider divorcing him due to our poor finances now that everything is coming into focus

[Anonymous]

I am seriously considering setting up my own bank account and doing my own taxes instead of filing jointly for 2024. On top of that, I will be getting another credit card and possibly looking into ways we can pay down our outstanding debt.

I won't lie this experience has been completely embarrassing and demoralizing but I opening as well. I should have inquired more about our finances as a household sooner rather than later but at least we can begin to repair the damage

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is credit card roulette? And why is your bigger problem embarrassment rather that financial?

Everyone puts a credit or debit card out and the waiter picks one to pay the whole check.

That's insane.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I surprised such a learned crowd doesn’t know what credit card roulette is, it’s not new. Not sure what to tell you OP, that’s embarrassing. Good luck with it.

I can guess what it is, but I would shut down anyone who proposed such nonsense. How tacky and presumptuous can one be?

It’s not tacky at all. In my social circle we often argue about who’s paying, as in no, I’m getting it, no I’m getting it, on and on. So this method works well.

In my social circles DH and I pay every time. We’re not DCUM posers that pretend to want to pay but secretly cannot afford to do so. Credit card roulette is only used by stupid and deceitful millennials. Too poor to foot the bill in the proper way (because they crowdsource every solution using team work, Google, and ChatGPT and can’t get real jobs as a result).

Ok, bøømer. You’re confusing millennials with gen z again. Back to the old folks home with you. When you and your husband Norm take the gang out to Western Sizzler, I’m sure they’re really excited you cover everyone’s tab. I’m sure it has nothing to do with the fact you’re in memory care and it’s all because you’re so generous.

Karma has its eye on you. It’s gonna be great!

[Anonymous]

Anonymous wrote:I am seriously considering setting up my own bank account and doing my own taxes instead of filing jointly for 2024. On top of that, I will be getting another credit card and possibly looking into ways we can pay down our outstanding debt.

I won't lie this experience has been completely embarrassing and demoralizing but I opening as well. I should have inquired more about our finances as a household sooner rather than later but at least we can begin to repair the damage

Good for you, OP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:It's very possible to exceed your credit limit by 4500

How?

You just keep using it.

That's not how credit cards work. AT ALL. Don't you have homework to get back to?

I’m a previous poster who said my card was 7k over the limit. I just kept using it until one day my charge was declined. I logged into my account and I was 7k over my limit. So yes, for my card, this is how it worked. I have no idea why they kept allowing charges, but they did.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Yeah how is it possible to be $4500 over your limit?

I've done this and had no idea until I went to pay the bill. I tend to pay the balance off in big chunks. For instance if I have a balance of $18,000. I'll make a payment of $9,000 and then a few weeks later depending on cash flow, I'll make another $9,000 payment. I've gone over by thousands on several occasions and got no declined flags. Worst case they raise my limit.

I’m the pp who went 7k over, my card didn’t even raise my credit limit. Just let me keep going.

[Anonymous]

How many times has your poor husband lost at "credit card roulette" -- maybe that's why you're $4,500 over your credit limit?