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Posted: 9/21/2023 7:41:06 PM EST
[#1]
Most of my cards probably do have a higher rate than that.
Couldn't even tell you what the rate on my cards are cause I don't pay cc interest. At least not since i was about 18. If i really need to spend more than I want to pay off in a month I apply for a new card with 0% intro. Just put like 10k of hvac on such a card. Use cards for everything I can, don't buy shit I don't need, pay statement balance in full before due date. It's not that hard. |
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Posted: 9/21/2023 7:41:32 PM EST
[#2]
After inflation it’s practically free financing
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Posted: 9/21/2023 7:41:47 PM EST
[#3]
Quote HistoryQuoted: The bad news is you paid 3% extra for the product and getting 2% rebated. Um you pay the extra regardless |
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Posted: 9/21/2023 7:43:27 PM EST
[#4]
Quote HistoryQuoted: I don’t have any CCs I'm in my 40's, and I've never had a CC. |
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Posted: 9/21/2023 7:43:28 PM EST
[#5]
I carry debt that’s 0% interest.. it’s only my Amazon Card and it’s pretty much free money..
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Posted: 9/21/2023 7:44:33 PM EST
[#6]
Quote HistoryQuoted: I'm in my 40's, and I've never had a CC. Quote HistoryQuoted: Quoted: I don’t have any CCs I'm in my 40's, and I've never had a CC. So you use your debt card to purchase things or carry cash everywhere for every purchase? |
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Posted: 9/21/2023 7:45:03 PM EST
[#7]
It seems silly arguing about credit cards so much.
YOLO! |
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Posted: 9/21/2023 7:46:10 PM EST
[#8]
Quote HistoryQuoted: It seems silly arguing about credit cards so much. YOLO! Yeah, agreed. |
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Posted: 9/21/2023 7:46:23 PM EST
[#9]
Quote HistoryQuoted: Mine pays 3% on certain things. Carrying a CC balance is for cucks. Quote HistoryQuoted: Quoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. Mine pays 3% on certain things. Carrying a CC balance is for cucks. Plus the 5% back on Amazon, and for three months per year 5% back on gas. Then the occasion limited 10% back for a purchase at a specific restaurant or store. People who don’t use credit cards- to me that’s a big red flag of lack of financial self control. They don’t trust themselves to have access to borrow money, even when you get paid to “borrow” it. |
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Posted: 9/21/2023 7:49:24 PM EST
[#10]
Quote HistoryQuoted: Not exactly, handling cash has costs, too. Some businesses have gone cashless. Is that even legal? I mean can you actually refuse legal tender? |
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Posted: 9/21/2023 7:52:28 PM EST
[#11]
Quote HistoryQuoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. LOL |
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Posted: 9/21/2023 7:52:41 PM EST
[#12]
Quote HistoryQuoted: Is that even legal? I mean can you actually refuse legal tender? Quote HistoryQuoted: Quoted: Not exactly, handling cash has costs, too. Some businesses have gone cashless. Is that even legal? I mean can you actually refuse legal tender? Totally legal. That crap they write on the bill is meaningless- not backed up by any force of law. Nobody has to accept cash. |
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Posted: 9/21/2023 7:53:16 PM EST
[#13]
Quote HistoryQuoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card.  Feels good doesn't it. I will be the first to laugh at people that think credit scores are an indication of wealth, but those that don't use credit cards and points to their advantage are throwing away easy money |
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Posted: 9/21/2023 7:53:30 PM EST
[#14]
Quote HistoryQuoted: So when I buy a box of ammo at Academy they upcharge me after the total is displayed because I'm using a CC? LOL. Not.  The fees are built in no matter how you pay. You think they just lose money for the fun of it? That's naive
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Posted: 9/21/2023 7:53:57 PM EST
[#15]
Quote HistoryQuoted: The bad news is you paid 3% extra for the product and getting 2% rebated. |
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Posted: 9/21/2023 7:53:59 PM EST
[#16]
Quote HistoryQuoted: I'm in my 40's, and I've never had a CC. Quote HistoryQuoted: Quoted: I don’t have any CCs I'm in my 40's, and I've never had a CC. Serious question. How do you reserve hotel rooms and the like. Debit card? Just curious. |
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Posted: 9/21/2023 7:54:25 PM EST
[#17]
Quote HistoryQuoted: I don’t have any CCs Same, Bestie |
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Posted: 9/21/2023 7:55:22 PM EST
[#18]
Quote HistoryQuoted: Go sell something in EE and you'll see the economic status of the vast majority real fast. |
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Posted: 9/21/2023 7:56:21 PM EST
[#19]
How much are you paying Mr. Poor?
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Posted: 9/21/2023 7:56:54 PM EST
[#20]
Quote HistoryQuoted: So you use your debt card to purchase things or carry cash everywhere for every purchase? Yes. |
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Posted: 9/21/2023 7:58:06 PM EST
[#21]
Quote HistoryQuoted: Serious question. How do you reserve hotel rooms and the like. Debit card? Just curious. I don't go places that require a hotel....if I do, I'll drag the 27' camper. |
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Posted: 9/21/2023 7:59:16 PM EST
[#22]
Quote HistoryQuoted: I don't go places that require a hotel....if I do, I'll drag the 27' camper. Quote HistoryQuoted: Quoted: Serious question. How do you reserve hotel rooms and the like. Debit card? Just curious. I don't go places that require a hotel....if I do, I'll drag the 27' camper. Fair enough. Thanks. |
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Posted: 9/21/2023 7:59:31 PM EST
[#23]
edited, but using a debit card instead of a credit card for most transactions is retarded
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Posted: 9/21/2023 8:01:09 PM EST
[#24]
Quote HistoryQuoted: Came here to post this. I'm not sure you can actually travel without a credit card. Quote HistoryQuoted: Quoted: Quoted: I don't have any CCs  Came here to post this. I'm not sure you can actually travel without a credit card. |
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Posted: 9/21/2023 8:01:11 PM EST
[#25]
Quote HistoryQuoted: Is that even legal? I mean can you actually refuse legal tender? Yes, it is legal, and goes on all the time. Legal tender only applies to taxes, fines and judgments. Several mega-city Democrats have proposed legislation to change this. I can understand their reasoning, but I also understand the other side of the argument. |
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Posted: 9/21/2023 8:02:09 PM EST
[#26]
I've been all CC for probably 15 years.
I don't carry cash generally, but I have a few hundred in my money clip I leave at home. I do most of my non-grocery shopping via Amazon using the 5% card. I get hundreds per month in credits. The other non-Amazon spending (gas, groceries, etc) go on a 2% card. Debit card gets you the cash discount at any businesses that offer it (besides labor-types, and I can arrange for one-off cash for that or Venmo, or my handyman takes bank transfer via Quickbooks web portal). The only place I run into a cash discount is Spec's Liquor, and they take debit for that. It's the only place I will run my debit card. Debit card never gets run anywhere else. If it is hacked, that's MY money they are taking. CC, it's the bank's money. Hotels and other places put holds on your card. If you are using a debit card, they are holding YOUR CASH. CC, they are holding the bank's cash. Couldn't tell you the interest rates on any of my cards as I don't pay interest, but I can tell you my rewards rate. |
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Posted: 9/21/2023 8:02:20 PM EST
[#27]
I have to make several payments every month on 3 cards. It's not for the faint of heart or broke people. That being said, the rewards are trivial.
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Posted: 9/21/2023 8:02:34 PM EST
[#28]
Quote HistoryQuoted: Totally legal. That crap they write on the bill is meaningless- not backed up by any force of law. Nobody has to accept cash. Holy shot you are right https://www.federalreserve.gov/faqs/currency_12772.htm Never knew that |
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Posted: 9/21/2023 8:03:40 PM EST
[#29]
Quote HistoryQuoted: edited, but using a debit card instead of a credit card for most transactions is retarded Explain. |
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Posted: 9/21/2023 8:04:57 PM EST
[#30]
Quote HistoryQuoted: Plus the 5% back on Amazon, and for three months per year 5% back on gas. Then the occasion limited 10% back for a purchase at a specific restaurant or store. People who don't use credit cards- to me that's a big red flag of lack of financial self control. They don't trust themselves to have access to borrow money, even when you get paid to "borrow" it. Quote HistoryQuoted: Quoted: Quoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. Mine pays 3% on certain things. Carrying a CC balance is for cucks. Plus the 5% back on Amazon, and for three months per year 5% back on gas. Then the occasion limited 10% back for a purchase at a specific restaurant or store. People who don't use credit cards- to me that's a big red flag of lack of financial self control. They don't trust themselves to have access to borrow money, even when you get paid to "borrow" it. Edit - I bought a new cheap motorcycle 5 years ago. A bit less than $7000.00. Had the cash but asked if they'd take a credit card so I could get 2% back. The answer was no and the dealership capped credit card purchases at $1000.00 |
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Posted: 9/21/2023 8:06:27 PM EST
[#31]
Quote HistoryQuoted: Explain. Risk of your card being skimmed. Much harder/longer to get your REAL CASH back from that vs tell the CC company you aren't paying. |
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Posted: 9/21/2023 8:07:51 PM EST
[#32]
Quote HistoryQuoted: The bad news is you paid 3% extra for the product and getting 2% rebated. Quote HistoryQuoted: Quoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. The bad news is you paid 3% extra for the product and getting 2% rebated. Lol. |
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Posted: 9/21/2023 8:08:09 PM EST
[#33]
Quote HistoryQuoted: Explain. |
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Posted: 9/21/2023 8:09:10 PM EST
[#34]
I’m 50 in a few months….and I haven’t had a CC with a balance since I was 22 or 23 years old. Pretty easy to do….so buy shit if you don’t have the money for it.
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Posted: 9/21/2023 8:09:53 PM EST
[#35]
Quote HistoryQuoted: Plus the 5% back on Amazon, and for three months per year 5% back on gas. Then the occasion limited 10% back for a purchase at a specific restaurant or store. People who don’t use credit cards- to me that’s a big red flag of lack of financial self control. They don’t trust themselves to have access to borrow money, even when you get paid to “borrow” it. Quote HistoryQuoted: Quoted: Quoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. Mine pays 3% on certain things. Carrying a CC balance is for cucks. Plus the 5% back on Amazon, and for three months per year 5% back on gas. Then the occasion limited 10% back for a purchase at a specific restaurant or store. People who don’t use credit cards- to me that’s a big red flag of lack of financial self control. They don’t trust themselves to have access to borrow money, even when you get paid to “borrow” it. But, but, Dave says NO CARDS! I have to use the envelope system because I can't do simple fucking math in my head to pay for necessary expenses. |
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Posted: 9/21/2023 8:11:19 PM EST
[#36]
Quote HistoryQuoted: Risk of your card being skimmed. Much harder/longer to get your REAL CASH back from that vs tell the CC company you aren't paying. Pretty much this; my gas company decided they wouldn’t accept auto pay on credit cards anymore and if you want to use auto pay has to be debit(can still use cc if you pay month to month with a $3.99 surcharge) but I told them they can eat the cost of sending me a paper bill and processing a check because there is no security if my debit card info gets compromised |
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Posted: 9/21/2023 8:12:04 PM EST
[#37]
Quote HistoryQuoted: I don’t have any CCs Me neither. Well sort of, I have one that expired years ago and threw the renewal cards that kept coming in the trash. |
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Posted: 9/21/2023 8:12:40 PM EST
[#38]
I ran a business for over a decade where I stored millions of active credit cards, and sold that business to a household name credit card company. I worked for them in leadership for 4 years.
I always tell people, let the CC company take the risk. I NEVER run a debit card anywhere unless I'm getting a significant discount, and again, only place that does that is the liquor store, so I takes my chances. Not a gas pump, not a restaurant, nowhere. I also have my "real" savings account not work for overdraft protection. In the event my debit card somehow manages to be skimmed the exposure is limited. |
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Posted: 9/21/2023 8:14:04 PM EST
[#39]
Quote HistoryQuoted: a scammer/fraud case can do way more damage with access to your bank account than your credit card Quote HistoryQuoted: Quoted: Explain. This again. |
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Posted: 9/21/2023 8:16:01 PM EST
[#40]
Quote HistoryQuoted: I've been all CC for probably 15 years. I don't carry cash generally, but I have a few hundred in my money clip I leave at home. I do most of my non-grocery shopping via Amazon using the 5% card. I get hundreds per month in credits. The other non-Amazon spending (gas, groceries, etc) go on a 2% card. Debt card gets you the cash discount at any businesses that offer it (besides labor-types, and I can arrange for one-off cash for that or Venmo, or my handyman takes bank transfer via Quickbooks web portal). The only place I run into a cash discount is Spec's Liquor, and they take debt for that. It's the only place I will run my debt card. Debt card never gets run anywhere else. If it is hacked, that's MY money they are taking. CC, it's the bank's money. Hotels and other places put holds on your card. If you are using a debt card, they are holding YOUR CASH. CC, they are holding the bank's cash. Couldn't tell you the interest rates on any of my cards as I don't pay interest, but I can tell you my rewards rate. Debit. Debit. It's got a damn "i" in it. |
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Posted: 9/21/2023 8:17:00 PM EST
[#41]
Quote HistoryQuoted: Yes. Quote HistoryQuoted: Quoted: So you use your debt card to purchase things or carry cash everywhere for every purchase? Yes. So… Incase in fraud… you’re fine with criminals having complete access to your money, not the credit card companies? I imagine this is one of those over the top trying to be “arfcom cool”… “I’m 50 never had a credit card, auto loan, or financed anything and I have a 940 credit score” |
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Posted: 9/21/2023 8:17:37 PM EST
[#42]
Quote HistoryQuoted: Debit. Debit. It's got a damn "i" in it. Shit. Too many beers. That's how little I think about my Debit card. |
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Posted: 9/21/2023 8:19:04 PM EST
[#43]
Quote HistoryQuoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. Same with me, no balance and 2% back. 
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Posted: 9/21/2023 8:19:30 PM EST
[#44]
I keep my balance 0 by only using my credit card if i have the funds to pay it as soon as it processes...
no money in the bank no credit card usage Its not that hard to get the protection and bonuses of using a credit card and staying debt free.... 
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Posted: 9/21/2023 8:19:49 PM EST
[#45]
Quote HistoryQuoted: Risk of your card being skimmed. Much harder/longer to get your REAL CASH back from that vs tell the CC company you aren't paying. This simply hasn't been my experience. In damn near 20 years of debit cards, I've had one instance of fraud....and the bank took care of it within a couple of days. ***cautiously knocks on wood*** |
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Posted: 9/21/2023 8:20:11 PM EST
[#46]
Quote HistoryQuoted: I haven’t paid cc interest in 30 years. My lifetime cc interest payments are about $187 OTOH, They have paid me $10,000 or more. Guess we can call it even.  Attached File |
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Posted: 9/21/2023 8:21:42 PM EST
[#47]
Quote HistoryQuoted: This simply hasn't been my experience. In damn near 20 years of debit cards, I've had one instance of fraud....and the bank took care of it within a couple of days. ***cautiously knocks on wood*** Why did you do that to yourself? |
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Posted: 9/21/2023 8:23:41 PM EST
[#48]
Quote HistoryQuoted: Why did you do that to yourself? Quote HistoryQuoted: Quoted: This simply hasn't been my experience. In damn near 20 years of debit cards, I've had one instance of fraud....and the bank took care of it within a couple of days. ***cautiously knocks on wood*** Why did you do that to yourself? It’s called being stupid.. it’s also what keeps poor people poor oddly enough. |
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Posted: 9/21/2023 8:23:44 PM EST
[#49]
https://www.nerdwallet.com/article/credit-cards/credit-card-vs-debit-card-safer-online-purchases
Debit card fraud According to the EFTA, your potential liability for fraudulent debit card transactions is virtually unlimited. You have up to 60 days to report a lost or stolen card under the EFTA. After that, you simply lose whatever money was taken, even funds siphoned from linked accounts. The exact liability limits under the EFTA are: Lost or stolen card reported before unauthorized transactions: zero liability. Lost or stolen card reported within two days: $50 liability limit. Lost or stolen card reported within 60 days: $500 liability limit. After 60 days: no protection. Credit card fraud Under the FCBA, your maximum liability for fraudulent credit card transactions is $50. If you report your card lost or stolen before any fraudulent transactions occur, your liability is zero. Many credit cards promise zero liability for all fraudulent transactions. |
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Posted: 9/21/2023 8:24:22 PM EST
[#50]
Quote HistoryQuoted: This simply hasn't been my experience. In damn near 20 years of debit cards, I've had one instance of fraud....and the bank took care of it within a couple of days. ***cautiously knocks on wood*** Quote HistoryQuoted: Quoted: Risk of your card being skimmed. Much harder/longer to get your REAL CASH back from that vs tell the CC company you aren't paying. This simply hasn't been my experience. In damn near 20 years of debit cards, I've had one instance of fraud....and the bank took care of it within a couple of days. ***cautiously knocks on wood*** You are at a MUCH higher risk of losing YOUR money with debit cards. Period and regardless of your experience. Why not put the CC companies money on the line instead? Plus get cash back for doing it. |
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