CAP credit card

[jeders]

I think a new topic is needed relating to CAP Units having credit cards for conducting squadron business. The original post on this thread related to personal credit cards with CAP's name on them, and with a kickback to the CAP unit in question.

Any chance of getting a credit card in the squadrons name, where it isn't attached to someone's personal credit?

So the original topic did include a question about squadrons having credit cards for squadron business.

[arajca]

One of the reasons that credit cards are OK for units and debit cards are not is the credit card still requires a check to pay the bill, whereas the debit card comes straight out of the account. And, since two signatures are required to request a check, there is a built-in verification process.

[flyboy]

With that said, I do find it somewhat concerning that we would promote and put our names on such a card. Consumer debt is a record levels, and the last thing we should be doing is encouraging people to spend money they don't have by saying "a portion of your purchace goes back to a good cause". I am fully aware people make the choice to swipe their cards, but people also make a choice to put a cigarette in their pie hole and light it up. I would not want a CAP brand of cigarette, and for the same reason I do not want a CAP "commemorative" credit card. Yes I do know they exist already because I have shredded many of the applications (along with ones from my college and other organizations I belong to), but in light of the consumer debt crisis I think it is something our organization needs to rethink.

I completely and totally agree.  "Credit Addiction" is quite possibly one of our nation's greatest security threats.  I think it's disgraceful for CAP to partnered with the credit card loan sharks like MBNA. 

[wingnut]

I don't give a crap about an account to buy pencils and Ink, what CAWG needs are credit cards for GAS only for Squadron planes. Some guy spent over $4,000 in gas on the Fossett mission..

[Redbird Leader]

I'm one of the suckers customers who opted for an MBNA, now Bank of America, credit card with a CAP logo on it.  I use that credit card exclusively for CAP related activities so it is easier to track around tax time.    Oh yes, and I pay it off completely monthly so as to avoid the credit addiction.  (Yes, it does take a little will power, but I feel all grown up now at my age.)

[arajca]

I don't give a crap about an account to buy pencils and Ink, what CAWG needs are credit cards for GAS only for Squadron planes. Some guy spent over $4,000 in gas on the Fossett mission..

Sounds like an individual wing issue. COWG has gas cards in each vehicle and aircraft. Ours happen to be State issued fleet fuel cards. We use the card and at the beginning of the next month, we submit the reciepts with a check request, CAPF 108, or explanation (i.e. van used to support NCSA) to cover the costs of the fuel.

[smj58501]

I think a new topic is needed relating to CAP Units having credit cards for conducting squadron business. The original post on this thread related to personal credit cards with CAP's name on them, and with a kickback to the CAP unit in question.

Any chance of getting a credit card in the squadrons name, where it isn't attached to someone's personal credit?

So the original topic did include a question about squadrons having credit cards for squadron business.

Sorry... missed that sentance. I have to squeeze in my CAPTalk viewing while I sit in on boring conference calls at work. Thx for pointing it out all the same

[jeders]

I think a new topic is needed relating to CAP Units having credit cards for conducting squadron business. The original post on this thread related to personal credit cards with CAP's name on them, and with a kickback to the CAP unit in question.

Any chance of getting a credit card in the squadrons name, where it isn't attached to someone's personal credit?

So the original topic did include a question about squadrons having credit cards for squadron business.

Sorry... missed that sentance. I have to squeeze in my CAPTalk viewing while I sit in on boring conference calls at work. Thx for pointing it out all the same

I am here to help. But I thought it was standard practice to sleep through conference calls, or maybe that's just me.

[smj58501]

^The mute button is helpful if you snore

[brasda91]

The original post on this thread related to personal credit cards with CAP's name on them, and with a kickback to the CAP unit in question.

No.  The question is regarding a CAP credit card.  A "branded" CAP card as someone said.  This would be put in the squadrons name, NOT SOMEONE'S PERSONAL CREDIT.  Any purchases on said card would provide a percentage back to CAP, most likely National.  I never mentioned a percentage to a particular unit.  Our squadron has had a credit card, one that I applied for using my credit.  It had my name along with the squadrons name on it.  I am interested in a unit credit card that is applied for using CAP credit, if possible.  I don't want to use my personal credit or another members personal credit in order to get a credit card.

[thp]

CAP credit card still shown on this CAP site.
http://level2.cap.us/en/member_services/

[Capt Rivera]

I completely and totally agree.  "Credit Addiction" is quite possibly one of our nation's greatest security threats.  I think it's disgraceful for CAP to partnered with the credit card loan sharks like MBNA. 

Why is CAP "partnering" with MBNA or any credit card company bad? They put our logo on the card... [if a merchant looks at it, free advertising]

You look at it... maybe you feel good...

Some amount of money from each transaction goes to CAP National?

Credit cards are a necessary evil? Unless you can buy a house cash, I don't see you ever being able to buy one without having established credit. If you look at the way  your credit scores are calculated you will find a lot of percentage points have to do with your credit card history... [yeah you better have one]

Whats the problem?  CAP nor MBNA is forcing anyone to have a card or use it? The people who use cards irresponsibly would do so no matter what the branding/picture/company etc...

I believe it is a smart move for National to find ways to generate funds. If you investigate, you will find CAP is not the only non-profit that benefits from money generated by credit card usage...

[brasda91]

CAP credit card still shown on this CAP site.
http://level2.cap.us/en/member_services/

Thank you.  That's exactly what I was looking for.  I'll call them in a little while.

[smj58501]

I completely and totally agree.  "Credit Addiction" is quite possibly one of our nation's greatest security threats.  I think it's disgraceful for CAP to partnered with the credit card loan sharks like MBNA. 

Credit cards are a necessary evil? Unless you can buy a house cash, I don't see you ever being able to buy one without having established credit. If you look at the way  your credit scores are calculated you will find a lot of percentage points have to do with your credit card history... [yeah you better have one]

Actually, you can find a bank that does manual underwriting, and through them buy a house without a supposed "credit rating" established through consumer debt. Generally, if you have a job, 10% down, and have a good track record of paying bills (not to be confused with consumer debt payments), it can be done with this method. If you don't, well maybe it isn't a good idea to get a house in the first place. Some people balk at the 10% down, but god forbid we ever save money to get something in today's society I guess.

Many banks requiring a credit rating are the ones who will write you a mortgage in 10 minutes off your internet application... pretty scary considering a house is the biggest purchase you will ever make. Many of the same banks that offer the EZ mortgages based off a credit rating are the ones offering credit cards in the first place.... they win coming and going. They have succeeded in convincing a good portion of America that the only way to the American Dream is through debt. These are the same banks who will be happy to saddle you with a payment you really can't afford (cause they will win in that scenario too), an ARM, or some garbage product like an interest-only mortgage. The people who are being foreclosed on at record rates these days are in too many cases are the ones taking these products.... and their road to foreclosure all started with a credit card application in most instances (justified in their mind by the "I need this if I ever want to get a house" argument).

The real irony of a credit score... once you have one and you demonstrate what most would consider to be responsible use of credit by PAYING IT OFF, your score DROPS. You have to stay in debt to justify getting more debt.

[brasda91]

OK, back on topic.

I called MBNA, they still have the card for CAP, but it is a personal card, not business.  So, no you can't get this one in the squadrons name.

[SarDragon]

That's OK, one of these days they're all gonna say Bank of America on them.