This is an interesting new bits of information about the usage of credit cards. You may know by now that having a credit card is a responsibility that should not be taken lightly, because whether you want to believe it or not, the credit card gods are watching your every move. With “big Brother” watching, it can actually affect your credit score and your credit history, simply based on where you decide to make purchases from your card. Credit card companies analyze cardholder spending and how they make their payments as a method of determining risk. Don’t be all too shocked, because this is a huge part where the credit industry will cash in to those who spend their money and use their credit cards. Based on fact, the companies have analyzed the way people shop with their credit cards and have seen trends such as people who buy certain brands are more likely to pay their bills late or not at all. It also boils down to what sorts of products paid for with credit pretty much will predict the cardholder will always pay their bills on time.
These guys don’t make any joke when it comes to their analysis. They actually take a huge chunk of research into what people spend their credit cards on, and have made certain criteria on whether people are at a higher credit risk. With this analysis, the way one spends their credit cards, may affect their credit scoring, even if they pay off their credit card, or practice good credit card etiquette. Just to give reality into what we are talking about, and how these crafty credit card gods see their minions it’s possible that certain spending will start to affect credit scores. Based on studies of how folks use their credit cards, the following industries may be among the first cardholders to experience credit score adjustments due to their spending habits:
- Spas
- Gambling (casinos and racetracks)
- Hospitals & Doctors offices
- Marriage counseling
- Massages
- Court fees
- Pawnshops
- Liquor stores
- Bail bonds
- Escort Services
- Thrift stores or secondhand stores
Credit Card God Is Watching You
Don’t take our word for it, this is information based on extensive research that the credit card industry does, other than taking your money. From the research of cardholders making purchases with these industries and the probability of these cardholders paying their bills late or not at all – these are a few of the first industries that are considered suspect when a lender is deciding whether or not to extend you credit; even hike your credit interest rate.
Well based in the above list, these industries or businesses hold a risk with maybe the exception of hospitals and doctor’s fees. However you want to look at it, the credit card industry has their eyes on each and every one of you. So before you decide to use your credit card for any of these services/purchases, you may want to re-think about it, because the credit card gods are ever watching you.
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