- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Recommend a Credit Card
Posted on 10/7/12 at 9:12 am to foshizzle
Posted on 10/7/12 at 9:12 am to foshizzle
Reread my post, I was mainly addressing the FICO score myth. I never said "you should never under any circumstance use a credit card."
It's a fact that people with credit cards are likely to spend more money than they would if they used cash. I would rather spend spend $100 cash and get no cash back, than spend $115 with cc and get $1.50 back. As I said, cash back programs encourage you to spend, not save. CC's foster impulse purchases - that is not my opinion, that is a proven fact. If it wasn't you wouldn't hear a thousand commercials a day from lawyers peddling bankruptcy services, and credit consolidation agencies offering to help you get out of credit card debt.
If you are truly disciplined enough to never use a card frivolously or excessively, then yes, it's a good idea, and you win. And if he is spending thousands every month on business expenses, then yes he can take advantage of rewards programs - as long as he doesn't make one or two unnecessary purchases that would negate every dime of cash back he earned.
It's a fact that people with credit cards are likely to spend more money than they would if they used cash. I would rather spend spend $100 cash and get no cash back, than spend $115 with cc and get $1.50 back. As I said, cash back programs encourage you to spend, not save. CC's foster impulse purchases - that is not my opinion, that is a proven fact. If it wasn't you wouldn't hear a thousand commercials a day from lawyers peddling bankruptcy services, and credit consolidation agencies offering to help you get out of credit card debt.
If you are truly disciplined enough to never use a card frivolously or excessively, then yes, it's a good idea, and you win. And if he is spending thousands every month on business expenses, then yes he can take advantage of rewards programs - as long as he doesn't make one or two unnecessary purchases that would negate every dime of cash back he earned.
4
Posted on 10/7/12 at 9:17 am to Lou
Honestly when I have cash in my wallet I spend it. If I just have a debit and credit card on me I probably won't frivolously use it because I don't want it to pop up on Mint.
Posted on 10/7/12 at 10:24 am to Lou
quote:
It's a fact that
That you're still an idiot.
Posted on 10/7/12 at 11:00 am to Lou
quote:
Reread my post, I was mainly addressing the FICO score myth. I never said "you should never under any circumstance use a credit card."
I never claimed you said anything different. Perhaps you should reread my post after removing the chip from your shoulder.
quote:
If you are truly disciplined enough to never use a card frivolously or excessively, then yes, it's a good idea, and you win.
Exactly.
Posted on 10/8/12 at 1:53 am to Lou
quote:
It's a fact that people with credit cards are likely to spend more money than they would if they used cash. I would rather spend spend $100 cash and get no cash back, than spend $115 with cc and get $1.50 back. As I said, cash back programs encourage you to spend, not save. CC's foster impulse purchases - that is not my opinion, that is a proven fact. If it wasn't you wouldn't hear a thousand commercials a day from lawyers peddling bankruptcy services, and credit consolidation agencies offering to help you get out of credit card debt.
Where do you figure debit cards in this equation? I see the same cons in debit card transactions with regard to the psychology of spending via card swipe, and the same pros in terms of electronic track-ability of each transaction. I figure that using a reward-earning credit card as you would a debit card is a no-brainer, as most credit card rewards programs far outpace debit card rewards.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News