do you carry a credit card on a daily basis ? (1 Viewer)

yorktown

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Nov 10, 2009
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I've got a few.
They are usually paid off each month.
Sometimes I'll take 2-3 months to pay one off.
I can't believe some people have a whole bunch of credit cards, max them out, get more cards, just keep paying the minimum monthly payment. Idiots !! :rolleyes:

On another forum one guy claimed he just kept getting more and more credit cards so he could try and get his overall credit line up to one million dollars.
 

digiblur

SatelliteGuys Master
Jun 8, 2005
14,190
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Louisiana
The question should be, do you carry cash? Nope.

I carry 2 credit cards... one is a backup. They get paid off every month... love the rewards points at the end of the year. Nice to have them pay me to use their card.

Along with other things...do I use checks? Nope. Do I use stamps? Nope. Free bill pay is awesome!

Do I care if I leave a paper trail detailing my every purchase? Nope... I've got nothing to hide.
 

vurbano

On Double Secret Probation
Supporting Founder
Apr 1, 2004
23,813
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Newport News, VA
1 Visa and one debit mastercard card tied to my checking account usually. And stamps are only used when there is no other way to pay.
 

televisionarchives

SatelliteGuys Pro
Aug 25, 2008
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I have two and pay them off each month. I have a paypal card that pays me 1.5 cash back on the spot. Great card. And yes, I know many people who have debt, stupid debt on credit cards. Electronics mostly.
 

jayn_j

Press On Regardless
Supporting Founder
Sep 29, 2003
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Hey, let's go all the way and post all our credit card numbers. We could have a contest to see who has the lowest number, best poker hand, etc :)
 

yorktown

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Nov 10, 2009
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The question should be, do you carry cash? Nope.

The thread question is - Do you carry a credit card on a daily basis ?.

Start your own thread - Do you carry cash ?

Well, anyways I don't see anything wrong with carrying cash.
I don't carry around hundreds, and hundreds of dollars.
I get money out of a cash machine once a week or so.
I don't want to use a credit card for every little thing I buy.
I only use credit cards for bigger stuff like car repairs, big grocery store bill, purchasing electronic toys, but I usually pay the cards off every month.

Someone said -
I always use a credit card, its easier than dealing with Cash.
I don't have any trouble "dealing with cash".
How is it difficult "dealing with cash" ?
 

digiblur

SatelliteGuys Master
Jun 8, 2005
14,190
2
Louisiana
No need to start another thread... as the credit card carrying goes hand in hand with cash. I'm sure 95% of the folks on this forum carry some sort of card. So instead of a boring thread of hearing the same thing, I added my comment about the cash.
 

Eva Greczkowski

The Prize Goddess
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Nov 8, 2004
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Check book??? I didn't even have checks until my son started drum lessons. I had to order them so I could pay for them, never mind carry the checkbook around with me. lol
I have several credit cards, and I use them for the perks they have. I have one for dining, one for gas, one for general purposes, one for BT, etc. I just got a $50 check today from one of my cards. :D
 

TNGTony

Unashamed Bengal Fan
Sep 7, 2003
10,019
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Cincinnati, Ohio, USA
I carry 2 credit cards (use one and one as a back-up in case there is a snafu) paid off every month. I also have a debit card (I only wanted an ATM card, but the bank doesn't do that any more) I carry in case I need cash but will never, ever, ever, ever use it to purchase anything. Too many "gotchas" and "because we can" fees with debit cards.

I normally carry about 20 bucks on me for incidentals like pop or munchies, fast food restaurants or other small purchases.

Carrying credit cards is generally safer than cash. If you lose a credit card you may be out $50 bucks at most. If you lose cash, you lost it all and aint ever getting it back.
 

MikeD-C05

Pub Member / Supporter
Pub Member / Supporter
Nov 25, 2003
26,134
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Nederland , Texas
I carry one debit card and one credit card , both from my credit union. I charge all my monthly expenses-food,gas,utilities,on my credit card. Every month I make a payment to my credit card at the first of the month for the amount of the projected expenses and it pays them off as the charge hits. I always have an overage on my credit card and I don't pay any monthly interest payments. The debit card is for cash for our allowance we get once a month. I don't carry check books or use checks for anything but our rental space. As for stamps I own the forever stamps, because I barely ever mail anything, because all my bills are paid online.
 

starman345

SatelliteGuys Pro
Nov 25, 2004
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New Brunswick, Canada
Well, I carry three credit cards in my wallet but only use them for travelling expenses when I'm on the road and for online purchases, other than that, I use cash. Cards are paid off in full every month.
 

bhelms

"Wannabe Retiree"
Lifetime Supporter
Feb 26, 2006
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I have 5 cc's and one debit card. Only use 2 of the cc's regularly. I charge everything I can on the cards for the points. (I also have one company AMEX that I have to use for work-related travel expenses and I get no benefits for that except continued employment!) When I max-out 1 card as far as annual rewards goes then I stop using it until it "resets" and use another. Every card is paid in full and on time every month. I don't know what the interest rates are and couldn't care less since they do not apply to me. In about 5 years since I started using cards again I have turned-over nearly $200K while incurring $0 in interest and fees, and collecting about $3-4K in rewards of various sorts.

Things that I can't pay by cc I pay on line by direct debit. I use the debit card infrequently to get cash and carry about $100 at any given time unless traveling. I use cash for small incidentals and in those few places that won't take any plastic, like buying fresh produce at the Amishman's stand. I write only about 2 checks a month anymore. Only 1 bill is paid by mail quarterly.

As I said in another related thread - I would use cash in a heartbeat anywhere/anytime a discount is offered for cash or equivalent. So far I have only found 1 local gas station that offers that but their overall prices are higher (full service only). Otherwise merchants take no plastic at all (rare) or make no distinction cash vs. credit...
 

yorktown

Thread Starter
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Nov 10, 2009
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I also have a debit card (I only wanted an ATM card, but the bank doesn't do that any more) I carry in case I need cash but will never, ever, ever, ever use it to purchase anything. Too many "gotchas" and "because we can" fees with debit cards.

I use a debit card also. I've never, ever, ever, ever had any "gotchas" or "because we can" fees with my debit card. Has anyone ever had any "gotchas" or "because we can" fees with a debit card ?
 

yorktown

Thread Starter
SatelliteGuys Pro
Nov 10, 2009
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No need to start another thread... as the credit card carrying goes hand in hand with cash. I'm sure 95% of the folks on this forum carry some sort of card. So instead of a boring thread of hearing the same thing, I added my comment about the cash.


I'm so sorry my thread was so boring.
I'm glad you livened it up for me.
Thanks.
 

Mr Tony

SatelliteGuys Pro
Supporting Founder
Nov 17, 2003
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Mankato, MN
yep. Carry all my cc's with me
very little cash (20 bucks tops)

checks? what the heck are those??? Dont old people use them still? ;)
 

TNGTony

Unashamed Bengal Fan
Sep 7, 2003
10,019
802
Cincinnati, Ohio, USA
I use a debit card also. I've never, ever, ever, ever had any "gotchas" or "because we can" fees with my debit card. Has anyone ever had any "gotchas" or "because we can" fees with a debit card ?

Talk to a few folks who bought stuff with debit cards at Toys R Us on Black Friday. Many folks we charged insane amounts in fees and interest because when Toys R Us's double charge snafu overdrew their accounts and every additional purchase they made from the time the overdraft happened incurred additional overdraft fees and interest. Toys R Us cheerfully refunded the amount they overcharged but neither the banks involved nor Toys R Us were willing to refund fees charged. That is until all the negative publicity made Toys R Us change their mind for some specific circumsances.

The gotchas and because we can fees are definitely there on the debit cards. All you have to do is read the agreement. It's not to say credit cards don't have gotchas, but the key difference is debit cards already have your money and you have to take action to get money refunded in case of an error. Credit cards need to sue you for the money if you dispute the charge and cannot come to an understaning. You have the money and they have to come for it! You can then put the disputed amount of money in escrow until a resolution. Neither you nor the card have the money until the dispute is resolved. It gives you a hell of a lot more leverage.

http://consumerist.com/2009/11/toys-r-us-double-charges-black-friday-shoppers.html#comments-content
"I knew I was on a tight budget," Cary says. "That's why I got up in the middle of the night and went shopping; with the economy you've got to try and save a penny."
Now on top of the extra $127.59 gone from her account, she has $50 in overdrawn fees. "I can't even go buy a loaf of bread right now, because they shut my account off."

http://www.consumerreports.org/cro/...tchas/overview/5-worst-holiday-gotchas-ov.htm

http://www.nytimes.com/2009/01/06/your-money/credit-and-debit-cards/primercards.html
Federal law also protects you if you need to dispute charges on a credit card, but not if you use a debit card or other forms of payment. If you paid cash or used a debit card, the retailer already has your money. So you have a lot less leverage, and there’s no guarantee you’ll get that money back. But if you pay for something with your credit card and aren’t happy with the purchase, your card issuer can legally withhold payment from the retailer until they resolve the dispute, and you won’t be charged.

http://www.pirg.org/consumer/banks/debit/debitcards1.htm
Debit Cards: Much greater liability risk than credit cards

http://www.cardtrak.com/news/2009/09/15/debit_gotcha
if you are maxed out on your credit card and then make ten $10 over-limit transactions you'll be hit with an average one-time $35 fee for going above the credit line. With a debit card you can be hit with a $35 fee each over-limit transaction [$350 in fees]. Debit cards are linked to a checking or savings account and therefore fall under different rules than credit cards.


See ya
Tony
 

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