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re: How many of who are over the age of 25 don’t use credit cards?
Posted on 6/21/24 at 9:10 pm to TigerBlood17
Posted on 6/21/24 at 9:10 pm to TigerBlood17
quote:
Everywhere in Lafayette charges 4% to use a card. Defeats the purpose of your 2% cash back bonus. It’s total bullshite. The damn marine shop charged me 4% the other day. What am I supposed to do, bring $500 cash with me?
That’s simply not true.
1
Posted on 6/21/24 at 9:14 pm to jkylejohnson
quote:
That’s simply not true.
This week in suburban ATL I used my debit card for the first time in years because of a 2.5% upcharge for credit cards for a pricey auto repair. The math made sense for me to use my debit card. It's a thing.
Posted on 6/21/24 at 9:16 pm to notiger1997
34. Got my first credit card 18 months ago in case of emergencies (debit card got hacked twice) and pay it off monthly. Always lived by saving and don't spend money you don't have. Most of my friends have 3-6 credit cards and are close if not maxed out on them. No thanks on 24% interest but I'm sure I'll end up supporting them somehow
Posted on 6/21/24 at 9:17 pm to deeprig9
quote:
That goes both ways though. If I make a $5000 purchase on a credit card, pay off $4000 of it before 30 days, carry the remainder of $1000 a couple weeks before paying it off with the next paycheck, sure I'm paying interest on $1000 but not "20% on every purchase". In the case of a 20% APR, 1.66% interest is being paid on $1000 for carrying it a month. Or about $16. Not 20% on $5000, which would be $1000.
That is a very specific use case. And if everyone used their cards exactly like this, we wouldn’t have $1.13 trillion in cc debt as a nation.
But we do.
I didn’t say people are paying 20% on every purchase. I’m actually willing to take you personally at your word. What I am saying is if a hundred people told me that this is how they use their cards, most of them would be wrong or lying. That’s not fake news. That’s a mathematical certainty.
Posted on 6/21/24 at 9:19 pm to LSUfan4444
quote:
It’s absolutely less secure because it can allow for direct access to your bank accounts so you’re more exposed.
The use of cash and credit cards offers more security because it’s detached and not linked to your bank.
It’s not really arguable.
All the cash apps and Facebook pay shite makes me extremely uneasy. I've actually been considering opening a separate checking account with a minimum balance in it for stuff like that. Worst case scenario, I may lose $500 if I get got. Not like having my main account exposed.
My wife thinks I'm paranoid, though.
Posted on 6/21/24 at 9:19 pm to deeprig9
I had an auto repair shop charge a 3.5% fee for credit cards too. I've seen it at mom and pop restaurants as well. It's more common now than 5+ years ago.
Plenty of gas stations in LA have a cash and credit price.
Plenty of gas stations in LA have a cash and credit price.
This post was edited on 6/21/24 at 9:22 pm
Posted on 6/21/24 at 9:20 pm to Dadren
quote:
I didn’t say people are paying 20% on every purchase.
The guy you were responding to did, and you were agreeing with him in your post, so I found it more convenient to respond to you.
Posted on 6/21/24 at 9:21 pm to fallguy_1978
Yes, this is becoming more and more common it seems unfortunately, mostly for small businesses. Can’t really blame them. Visa over there just sucking down a percentage on every transaction across the planet like a little tick. It’s messing up my flow though.
Posted on 6/21/24 at 9:22 pm to notiger1997
I tried to finance a new HVAC. They said I don't have any credit history.
Posted on 6/21/24 at 9:23 pm to deeprig9
quote:
This week in suburban ATL I used my debit card for the first time in years because of a 2.5% upcharge for credit cards for a pricey auto repair. The math made sense for me to use my debit card. It's a thing.
I've definitely seen it, and I usually do the same. However, 99% of the time, there is no upcharge. I don't hate it if a store does pass their cc fee onto me. I get it, it's a convenience, and small businesses struggle enough as it is.
Posted on 6/21/24 at 9:26 pm to Mr Clean
quote:
I tried to finance a new HVAC. They said I don't have any credit history.
Send pics of your prison tats to their finance manager.
Posted on 6/21/24 at 9:31 pm to fallguy_1978
Yeah…billing address is irrelevant
Posted on 6/21/24 at 9:31 pm to Gusoline
quote:
You think paying interest on shite you buy is a flex?
I use credit cards for 90% of my purchases and have never once paid a single cent in interest.
Posted on 6/21/24 at 9:36 pm to notiger1997
quote:
How many of who are over the age of 25 don’t use credit cards?
Probably the same crew that thinks they’re getting a better deal if they tell a car salesman they’re paying in cash.
Posted on 6/21/24 at 9:39 pm to Dawgfanman
quote:If someone gets your credit card info they can't clear out your checking account. With debit card info that is a possibility.
My debit card is visa branded and can be run as credit..what additional protections would I get using a plain credit card?
ETA: Before people started stealing the info with scanners, I had all of my bills set up with monthly charges to my Debit card. Now I only use it to withdraw money from my bank's ATM's.
This post was edited on 6/21/24 at 9:43 pm
Posted on 6/21/24 at 9:40 pm to Mr Clean
quote:
I tried to finance a new HVAC. They said I don't have any credit history.
Oh, yeah, another major win for using a credit card. Build your credit and pay less interest on every single other loan you may need to take out in your life. On a company trip I watched my superiors use cash and debit cards the entire time and lost respect for them. If you’re using a debit card you’re stupid and ugly
Posted on 6/21/24 at 9:44 pm to notiger1997
Have one. Only use it for vacations. Pay it off the next couple of nonths
Posted on 6/21/24 at 9:44 pm to jkylejohnson
quote:
I don’t carry a balance or trash my credit with them like I tried to do in college.
I FAFO'd the same in college and right out of college. And the worst part is I was taught better. I wasn't financially ignorant, I was financially irresponsible. As Dave Ramsey says, I paid my "Stupid Tax". It took years into adulthood to get back into financial stability.
Posted on 6/21/24 at 9:54 pm to fallguy_1978
quote:One barbecue place here in Ruston does that. I doubt it has hurt their business.
I've seen it at mom and pop restaurants as well. It's more common now than 5+ years ago.
Plenty of gas stations in LA have a cash and credit price.
Posted on 6/21/24 at 9:59 pm to Dairy Sanders
quote:
I don’t have to worry about variable apr based on the Fed’s bullshite.
That’s a stupid reason. If you’re paying off you statement balance each month you are building points, which is basically free cash for trips or other purchases.
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