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Posted: 9/21/2023 8:24:51 PM EST
[#1]
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*** |
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Posted: 9/21/2023 8:27:26 PM EST
[#2]
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” In case you really are that insecure, I'm in my 40's with a mortgage that was paid off 3+ years ago with zero car payments...although I do have a Kubota tractor payment for 2 more years @ 0%. |
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Posted: 9/21/2023 8:29:35 PM EST
[#3]
Quote HistoryQuoted: Awesome. Something I recommend you look into and research though. I'm not trying to be a dick, just don't want to see a fellow Arfcommer get cleaned out is all I appreciate the suggestions, but I don't keep that much in debit accounts. I know how much I need to pay each month for normal stuff, everything else is funneled into savings or retirement. Or titties. |
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Posted: 9/21/2023 8:30:54 PM EST
[#4]
Poor here. My biggest line of credit is about 15k with a 29% interest rate. I only usually have about 300-600 total CC debt at any given time, so that one (among others) frequently give me 6 month stretches with a promotional 2 or 3 percent interest rate on purchases. I usually aim to pay off everything every month, so I don't really worry about a balance hanging over 30 days; going to be a small amount of interest, if any.
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Posted: 9/21/2023 8:31:19 PM EST
[#5]
Quote HistoryQuoted: I appreciate the suggestions, but I don't keep that much in debit accounts. I know how much I need to pay each month for normal stuff, everything else is funneled into savings or retirement. Or titties. Ok. You raised a great point. DO NOT bring your CC to the strip club. Folding money only! |
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Posted: 9/21/2023 8:35:56 PM EST
[#6]
Quote HistoryQuoted: Ok. You raised a great point. DO NOT bring your CC to the strip club. Folding money only! They get real mad when you try to swipe a card in their slot. |
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Posted: 9/21/2023 8:39:01 PM EST
[#7]
Quote HistoryQuoted: They get real mad when you try to swipe a card in their slot. Try wrapping them in $100's next time.... |
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Posted: 9/21/2023 8:39:32 PM EST
[#8]
Quote HistoryQuoted: They get real mad when you try to swipe a card in their slot. Or make it rain with change. Seriously, one drunken night went to use my credit card for a lap dance as I hadn't planned to go out and they told me something like 20% charge to use a card and a photocopy of my drivers license. Nevermind baby! Let alone the horror stories I've read of the club adding hundreds of dollars on extra too. The CC company doesn't really believe you when you tell them "it was only for one dance!". |
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Posted: 9/21/2023 8:43:42 PM EST
[#9]
Quoted: Because everyone here doesn't carry a balance and has perfect credit, cough! https://www.ar15.com/media/mediaFiles/140585/cc_PNG-2961838.JPG That's correct. I never carry a balance, and my credit is nearly perfect. 873/900 on Equifax 850/850 on TransUnion 849/850 on Experian. Cough cough. |
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Posted: 9/21/2023 8:45:42 PM EST
[#10]
Quote HistoryQuoted: Ok. You raised a great point. DO NOT bring your CC to the strip club. Folding money only!  . .  |
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Posted: 9/21/2023 8:50:01 PM EST
[#11]
Using free credit to pay for necessary things that give me free airplane tickets? Yes.
Example: Buy groceries and gas from the same place with a free 30 day loan that gives you travel options. Pay off the regularly scheduled purchases like gas and groceries....take a flight for free to someplace and continue to explore new places and things with free air travel. LOL Never spent a cent on CC interest. Get rewards for convenience (little plastic rectangle that if stolen doesn't make my money disappear) and have zero annual fees. No brainer. Now if you cannot control your spending then it's a slippery slope. |
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Posted: 9/21/2023 8:52:06 PM EST
[#12]
Quoted: Because everyone here doesn't carry a balance and has perfect credit, cough! https://www.ar15.com/media/mediaFiles/140585/cc_PNG-2961838.JPG |
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Posted: 9/21/2023 8:53:06 PM EST
[#13]
Quote HistoryQuoted: That's correct. I never carry a balance, and my credit is nearly perfect. 873/900 on Equifax 850/850 on TransUnion 849/850 on Experian. Cough cough. Quote HistoryQuoted: Quoted: Because everyone here doesn't carry a balance and has perfect credit, cough! https://www.ar15.com/media/mediaFiles/140585/cc_PNG-2961838.JPG That's correct. I never carry a balance, and my credit is nearly perfect. 873/900 on Equifax 850/850 on TransUnion 849/850 on Experian. Cough cough. What scoring system, and by whom? |
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Posted: 9/21/2023 8:53:15 PM EST
[#14]
I wish I could put my mortgage and every other bill on credit cards. I don't understand people not being able to pay off their cards every month. For sure don't understand people that have huge balances on them.
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Posted: 9/21/2023 8:54:18 PM EST
[#15]
OPNI
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Posted: 9/21/2023 8:57:21 PM EST
[#16]
My credit isn’t perfect, I only have an 807.
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Posted: 9/21/2023 8:58:50 PM EST
[#17]
Quote HistoryQuoted: What scoring system, and by whom? Quote HistoryQuoted: Quoted: Quoted: Because everyone here doesn't carry a balance and has perfect credit, cough! https://www.ar15.com/media/mediaFiles/140585/cc_PNG-2961838.JPG That's correct. I never carry a balance, and my credit is nearly perfect. 873/900 on Equifax 850/850 on TransUnion 849/850 on Experian. Cough cough. What scoring system, and by whom? Well, there are three credit bureaus, and they each have their own scoring systems, and I posted my score with each bureau, so I'm not really sure what you're asking. Score 873/900 from Equifax based on their proprietary scoring system, 850/850 from TransUnion based on their proprietary scoring system, and 849/850 from Experian based on their proprietary scoring system.... Having credit this good, is kinda fun. If I go to a dealership to buy a car and do a test drive, they'll say, hey, do you just want to keep it until tomorrow? LOL. |
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Posted: 9/21/2023 9:12:46 PM EST
[#18]
My credit card has paid me more in 2% rewards than i ever could in interest at this point.
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Posted: 9/21/2023 9:14:21 PM EST
[#19]
Quote HistoryQuoted: If you’re just living paycheck too paycheck and not using credit cards are you ahead of the game? Compared to todays fools you’re doing pretty good just not going into debt. |
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Posted: 9/21/2023 9:15:16 PM EST
[#20]
Quote HistoryBut then they see your real name! I cannot be Joaquin from Portugal and practice my sexy accent! |
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Posted: 9/21/2023 9:17:21 PM EST
[#21]
Quote HistoryQuoted: How do you make online hotel reservations or purchase plane tickets?  Quote HistoryQuoted: Quoted: I don't have any CCs You don't need those fancy CC if you never leave your Mom's basement. |
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Posted: 9/21/2023 9:22:31 PM EST
[#22]
Quote HistoryQuoted: My credit card has paid me more in 2% rewards than i ever could in interest at this point. Fidelity Rewards Visa puts 2% cash back into an eligible linked retirement account. 
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Posted: 9/21/2023 9:25:15 PM EST
[#23]
I have no idea what my CC interest rate is, since I haven't used it it several years. Honestly, I just learned to control my spending.
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Posted: 9/21/2023 9:26:48 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. I had no problem going to Mexico 3 times about 5 years ago without a credit card. Company I worked for at the time had a travel dept that booked the flights and hotels for me. I believe they had an account and didn't pay with a credit card. I just had to take some pesos for incidentals and cab rides. |
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Posted: 9/21/2023 9:30:14 PM EST
[#25]
Quote HistoryQuoted: Explain. Quote HistoryQuoted: Quoted: edited, but using a debit card instead of a credit card for most transactions is retarded Explain. Leaving 2%-7% on the table after every transaction |
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Posted: 9/21/2023 9:47:08 PM EST
[#26]
I am unsure of what % my lines of credit are.
I do know when I ran my company that I used 2 of them and sent about a house's worth to one vendor before c***d happened. The rewards were decent that year 
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Posted: 9/21/2023 10:33:34 PM EST
[#27]
We use two cards with rewards for our business expenses, nearly max each out every month but pay the balances immediately so we never owe interest.
Use two cards with rewards for ranching expenses, pay them off/carry no balances so don’t pay interest. Use one card with rewards for personal expenses, don’t carry a balance so no interest. It makes our accounting very easy. Just turn all of our CC records over to our accountant, and our respective expenses get written off into the correct categories. And we enjoy many thousands of dollars worth of rewards every year. If I run across a vendor who charges more to use a credit card, I simply don’t do business with them. Very easy to determine beforehand and either avoid or negotiate ahead of time. Nearly 100% of the checks we write every month/year are to our CC companies. I pay cash to my cowboys and my barber. Everything else goes on a CC expensed to a certain account. |
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Posted: 9/21/2023 10:41:26 PM EST
[#28]
Fuck paying interest OPM learn, it live, it love it.
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Posted: 9/21/2023 10:42:46 PM EST
[#29]
But there is no recession.
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Posted: 9/21/2023 10:45:17 PM EST
[#30]
Quote HistoryQuoted: They get real mad when you try to swipe a card in their slot. Try a lower end club where they take quarters. |
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Posted: 9/21/2023 10:45:52 PM EST
[#31]
Quote HistoryQuoted: What scoring system, and by whom? Quote HistoryQuoted: Quoted: Quoted: Because everyone here doesn't carry a balance and has perfect credit, cough! https://www.ar15.com/media/mediaFiles/140585/cc_PNG-2961838.JPG That's correct. I never carry a balance, and my credit is nearly perfect. 873/900 on Equifax 850/850 on TransUnion 849/850 on Experian. Cough cough. What scoring system, and by whom? What’s the best way to check? |
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Posted: 9/21/2023 10:52:55 PM EST
[#32]
I always keep my card maxed out to get the most free points.
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Posted: 9/21/2023 10:53:23 PM EST
[#33]
Quote HistoryQuote HistoryQuoted: Quoted: 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. /media/mediaFiles/sharedAlbum/dont_believe_you_anchorman_zps267e5cbb_GIF-108.gif It seems impossible because you’re poor. And you’re poor, because you don’t think it’s possible. I can actually remember the time and place when I resolved to never carry a CC balance. Promises kept. I ring up everything on the CC, and pay them off a couple times a month. It’s easy and rewarding. |
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Posted: 9/21/2023 10:59:29 PM EST
[#34]
I am really skeptical about the whole rewards program.
Somehow it's built into the system. They are not in the business to give you rewards. It's like zero-interest vehicle loans, the price already reflects the built-in interest payments. It's an accounting trick. Although, a part of me thinks if they are truly losing money on some while making a fortune off the majority who do carry a balance and make interest payment every month. |
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Posted: 9/21/2023 11:00:04 PM EST
[#35]
Quote HistoryQuoted: I always keep my card maxed out to get the most free points. I noticed that keeping it maxed out lowers the credit rating, the fico score, etc. |
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Posted: 9/21/2023 11:10:13 PM EST
[#36]
Quote HistoryQuoted: I am really skeptical about the whole rewards program. Somehow it's built into the system. They are not in the business to give you rewards. It's like zero-interest vehicle loans, the price already reflects the built-in interest payments. It's an accounting trick. Although, a part of me thinks they are truly losing money on some while making a fortune off the majority who do carry a balance and make interest payment every month. I believe this is the crux of the game, much like Vegas. The House wins the vast majority of the time, while the relatively few losses are just part of the costs of doing business. |
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Posted: 9/22/2023 5:41:29 AM EST
[#37]
Quote HistoryQuoted: I am really skeptical about the whole rewards program. Somehow it's built into the system. They are not in the business to give you rewards. It's like zero-interest vehicle loans, the price already reflects the built-in interest payments. It's an accounting trick. Although, a part of me thinks if they are truly losing money on some while making a fortune off the majority who do carry a balance and make interest payment every month. For every person collecting 2% rewards, there are thousands paying 22% penalties. The math is pretty easy to figure out. |
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Posted: 9/22/2023 6:13:48 AM EST
[#38]
Quote HistoryQuoted: The bad news is you paid 3% extra for the product and getting 2% rebated. The even worse news is if you use cash you're still paying the 3% and aren't getting back the 2%! |
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Posted: 9/22/2023 6:24:37 AM EST
[#39]
I pay off my credit card when I get the monthly bill. I get 1-5% back on purchases, depending on what I buy. My 1-5% is paid by the people that carry a balance.
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Posted: 9/22/2023 6:25:26 AM EST
[#40]
Quote HistoryQuoted: Well... yeah. |
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Posted: 9/22/2023 6:31:54 AM EST
[#41]
I had $29,000 on my card, when I found out the interest that was being charged I paid it off. Fucking bullshit 27% with an 800 credit rating
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Posted: 9/22/2023 6:35:51 AM EST
[#42]
I dont have credit card debt. Never have, never will.
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Posted: 9/22/2023 6:36:32 AM EST
[#43]
Quote HistoryQuoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. Which one is 2? I just got a chase for 1.5. Other rewards programs involved also with other benefits. |
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Posted: 9/22/2023 6:36:53 AM EST
[#44]
I may not be an arfcom billionaire yet, but I've never paid a dime in credit card interest
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Posted: 9/22/2023 6:40:30 AM EST
[#45]
Pay it off every month and get paid 2% for using it.
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Posted: 9/22/2023 6:47:07 AM EST
[#46]
Right now I’m using a card with zero percent interest.
Come November I’ll get this one out of the safe and add it to my wallet.  Attached FileNever pay credit card interest. |
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Posted: 9/22/2023 6:47:17 AM EST
[#47]
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. 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. Same for us. Chase Amazon card for 5% off Amazon purchases and 5%(?) back on gas and restaurants. Fidelity CC gets |
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Posted: 9/22/2023 6:49:57 AM EST
[#48]
Quote HistoryQuoted: It’s wild. There literally always seems to be an offer out there for 0% for 18 months. So I keep one of those cards to carry balances for any big purchases and then another card for optimal rewards. Just swap em out at the end of the 18 month term. It’s not rocket science Plus take advantage of the sign up bonus |
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Posted: 9/22/2023 6:55:44 AM EST
[#49]
Quote HistoryQuoted: Yeah. Stupid not to take advantage of cash-back specials. On the flip side, some local small businesses add a surcharge if you pay by credit card, one adds $1.00 for any CC purchase under $10.00. Those places are where we always pay cash. 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 Quote HistoryQuoted: Quoted: 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 When I bought my 4Runner they only let me put $5000 of it on my credit card. Wrote a check for the rest. |
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Posted: 9/22/2023 7:00:57 AM EST
[#50]
Quote HistoryQuoted: Which one is 2? I just got a chase for 1.5. Other rewards programs involved also with other benefits. Quote HistoryQuoted: Quoted: Not only do I not carry a balance or pay interest, they pay me 2% for using the card. Which one is 2? I just got a chase for 1.5. Other rewards programs involved also with other benefits. Capital One Spark Business card. Gotta pay it off in full every month but it gives 2% on everything plus a $500 bonus if you spend a certain amount in 3 months, and another $250 for a certain amount in additional months. |
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