I'm a payment snob

[2Xtreme21]

I laugh at people who think they're getting a good deal by dropping 10's of thousands of dollars on their credit cards to get 1% back.

 

[HeXen]

i pay cash for most stuff

 

[kami333]

I laugh at people who think they're getting a good deal by dropping 10's of thousands of dollars on their credit cards to get 1% back.

Not this argument again...

I always pay my Time Warner bill by credit card. $87/month X 12months X 2% back on rewards = ~$20/year back. Not bad with money I would have spent anyways.

 

[wirednuts]

last time i tried to roll up a credit card my coke went everywhere but up my nose. cash is king

 

[HAL9000]

I look down on people who pay with Credit Cards, I assume they will get into debt while I remain debt free.

 

[edro]

Candy Gold Coins or GTFO

 

[nick1985]

I laugh at people who think they're getting a good deal by dropping 10's of thousands of dollars on their credit cards to get 1% back.

Huh?

 

[2Xtreme21]

Not this argument again...

I always pay my Time Warner bill by credit card. $87/month X 12months X 2% back on rewards = ~$20/year back. Not bad with money I would have spent anyways.

That's fine obviously. There are people who go out of their way to buy things they don't need because they're "saving money" with cash back.

 

[Engineer]

Huh?

There are multiple studies that show that people who use credit cards spend more than they would if they were a cash only person/family. It was something like 12% more spending if equipped with a card vs equipped with cash only. I can see this as being true as I find myself often buying fast food or other things that I would not have bought if I were carrying cash only.

As for the idea that getting the cash back is great, only when you factor in the 1 to 2.5% merchant fees that are passed on to the consumer....then is your 1 to 2% cash back so great? I don't think the merchant just eats the fee...they raise prices for EVERYONE (cash included). This might change with the new card laws (IIRC, prices can now be different for cash vs credit but I'm not positive on that one).

 

[TheVrolok]

I use my CC for most purchases as I like the protection a CC offers, and the rewards. However, there are certain instances where cash is much much easier. A big one is busy bars/clubs. Give your CC, wait while they run it, have them bring it back (if they aren't holding it in which case you have to try to shout your name each time you buy a drink), etc. Throwing down a bill and just walking away is much better.

 

[nick1985]

There are people who go out of their way to buy things they don't need because they're "saving money" with cash back.

Those people are called tards.

People who are not tards pay with CC's, collect rewards, and never pay any interest. It's not complicated.

 

[kami333]

I use my CC for most purchases as I like the protection a CC offers, and the rewards. However, there are certain instances where cash is much much easier. A big one is busy bars/clubs. Give your CC, wait while they run it, have them bring it back (if they aren't holding it in which case you have to try to shout your name each time you buy a drink), etc. Throwing down a bill and just walking away is much better.

Also paying cash at the bar can be good since you can show you are a good tipper from the start and get stronger drinks or better service. On the other hand, if you are just getting beer and there's only two of you, dropping $1-2 per round can get expensive pretty quick and it can be better just to start a tab and pay at the end. It's all situation dependent.

I usually just use my cc and start a tab at the bars I go to but they tend to be the neighborhood dives. I usually use cash when I'm in Vegas etc. I'll use whatever payment method gets me the most perks for each situation.

 

[TheVrolok]

Also paying cash at the bar can be good since you can show you are a good tipper from the start and get stronger drinks or better service. On the other hand, if you are just getting beer and there's only two of you, dropping $1-2 per round can get expensive pretty quick.

I usually just use my cc and start a tab at the bars I go to but they tend to be the neighborhood dives. I usually use cash when I'm in Vegas etc.

Yeah, I use my CC at the pub I frequent across the street, but at the clubs downtown I'll use cash.

 

[HAL9000]

Those people are called tards.

People who are not tards pay with CC's, collect rewards, and never pay any interest. It's not complicated.

People who are not tards pay with cash or a debit card. No debt.

 

[Engineer]

My credit card number was used (Thursday) for 3 unauthorized transactions in foreign countries (Isle of Man of the UK?). I guess I cannot complain in using credit cards for 20 years and this is the first unauthorized charges that I can remember. Sadly, card now locked and I have to set up the new account number for my automatic payments.

 

[foghorn67]

People who are not tards pay with cash or a debit card. No debt.

You can use CC's your whole life and not have a debt. Tard.

 

[HAL9000]

You can use CC's your whole life and not have a debt. Tard.

The moment you use your credit card you are in debt until you pay it off. Tard.

 

[TheVrolok]

The moment you use your credit card you are in debt until you pay it off. Tard.

So you buy your cars, houses, etc. in cash as well then obviously?

 

[HAL9000]

So you buy your cars, houses, etc. in cash as well then obviously?

I did by my car with cash, I don't own a house.

 

[TheVrolok]

I did by my car with cash, I don't own a house.

I guess what I should have said then, is that you think people who CAN'T buy their house/car with cash are also tards?

 

[HAL9000]

I guess what I should have said then, is that you think people who CAN'T buy their house/car with cash are also tards?

No I think they shouldn't use a credit card to buy their house/car.

 

[TheVrolok]

No I think they shouldn't use a credit card to buy their house/car.

So using a credit card and paying it off in full each month which yields absolutely no paid interest and no cent paid more than if cash were used is retarded.

Yet, buying a house/car with a loan that WILL in fact cost you MORE than if cash were used is NOT retarded (in your eyes).

Fail? The first instance has no real debt, and the second does.

 

[HAL9000]

So using a credit card and paying it off in full each month which yields absolutely no paid interest and no cent paid more than if cash were used is retarded.

Yet, buying a house/car with a loan that WILL in fact cost you MORE than if cash were used is NOT retarded (in your eyes).

Fail? The first instance has no real debt, and the second does.

My point is there is little to no point in using a credit card unless you are buying something you don't have the money to pay for. Don't buy a car with a loan.

Whereas unless you happen to have hundreds of thousands of [currency] then you have to get a loan to buy a house. I only get into any kind of debt if I have to.

 

[ponyo]

If I wasnt so lazy I would use cash more often. It would certainly cut down on impulse and excess purchases. So would not shopping at Costco.

 

[foghorn67]

The moment you use your credit card you are in debt until you pay it off. Tard.

You pay it off every month. Tard. No debt. If that kind of responsibility scares you, don't use one. Tard. Other people can, which makes you the tard. Not them.
Tard.