Not Logged In Log In   Sign Up   Points Leaders
Follow Us    4:48 AM

Message Forum - Read Message

Category: Off Topic > Topics Add to favorite topics   Post new topicPost New Topic
Author Topic: Why would anyone pay CASH for anything?????????????? Back to Topics
wamps

Champion Author
Michigan

Posts:12,295
Points:2,263,130
Joined:Jan 2004
Message Posted: Jan 22, 2007 11:02:50 AM

Get with the program and start saving with rebate's on a credit card.
REPLIES (newest first) Post a Reply
Profile Pic
gasfrugal
Champion Author New York

Posts:42,684
Points:2,180,795
Joined:Sep 2003
Message Posted: Oct 15, 2014 4:23:37 PM

Sneakers, actually my CU provides one free set of 150 checks annually. I write so few checks that it takes me years to use one set ... as far as those retail stores go, I just don't want to deal with the statements and payments, I only shop them on their super sales. I just want to be done and if I have to use their card to get the sale price - so be it. I call them the "mark 'em up to mark 'em down stores" This way they can have a 40-50% off plus an addition 20~30% off if you use their card. Only a fool would believe they are saving 50~70%, so it is hard to calculate what their card really saved you. Just foolish to pay more for using cash.
I am sure I am in the minority, they make people use the card to get the sale price hoping they will run a balance that they can charge almost 22% annual interest on. Really a good deal for the store! Only a good deal for the consumer if you avoid the finance fee.
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Oct 15, 2014 2:06:17 PM

I realize that there cannot be an exact correlation between money charged and cash rebates, but there must be a way to get an approximate average. Someone who keeps good track should be able to compute an average over a year, or whatever period makes sense, and over a batch of card types.

gf, don't you have to pay for new books of cheques? I have known people who did that type of payment (using a CC but hen paying it off immediately), but it is a sign that they are losing it mentally and obsessing about money. Other people have the idea that they don't have enough on hand and go to their banks every day. Or even worse, they hide their cash and can never find it again. It has also happened that they accuse their caretakers of stealing money. I'm sure that is not your reason for doing the payments that way, but it did revive some unpleasant memories.
Profile Pic
gasfrugal
Champion Author New York

Posts:42,684
Points:2,180,795
Joined:Sep 2003
Message Posted: Oct 15, 2014 12:29:45 PM

Just fyi ... two of my CC banks sent me new cards as a result of the recent breaches ... they advised me to watch my account, however, reminded me that I have ZERO Liability in the event that fraudulent purchases are made to the card...
As far as "how much" do you need to spend - well that's hard to calculate, why? Because some of the retailers use gimmicks to get you to use their card - like 20~30% all purchases when you use their card, which in my opinion have usury rates (20+%). The idea is not to accrue any interest - yet take advantage of the discount. To demonstrate how silly this can be - I use my card at one register - get my discount - on my way out the store I go to another register - write a check to pay for what I just bought. Yes, I write a paper check! Get the discount - pay no interest - pay no check fee ...
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Oct 15, 2014 10:30:05 AM

Sneakers, I do understand your reasoning, but it is different from mine. How much money do you need to put on a credit card in order to get a cash rebate of $100?

Canadian banks are very large, but are also solid. They avoided all of the real estate loan problems that plagued the US not that long ago. I don't know if that was entirely bank policy, or govt. regulations, but whichever way it happened it was much better for everyone here.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Oct 13, 2014 1:11:34 PM

On Oct 12, 2014 11:59:26 AM, BayleeBuggy wrote:

>The most frequent comment on the article is one I agree with big time -- WHY
>would anyone use a CC at the DQ anyway?

To get hundreds of dollars of gloriously tax-free rebates. I've heard Canadian banks are ripoffs, so you probably don't get rebates up there.

I had a pimply-faced kid comment that he was glad he didn't have to buy his lunch on a credit card. I didn't have the heart to tell him about the several hundred dollars of tax-free rebates I get on an annual basis.

>Cash is so much faster and safer!

Cash is faster with a kid who has trouble making proper change? Credit card networks in the US go through in about two seconds. On the other hand, we're getting chip and PIN and it takes ten seconds for the smart card to do a handshake with the reader.

And as to "safer," what part of "ZERO FRAUD LIABILITY" do you not understand?
Profile Pic
Service66
Champion Author Indianapolis

Posts:25,804
Points:2,028,640
Joined:Mar 2004
Message Posted: Oct 13, 2014 11:11:15 AM


Given ID theft, info theft, Target, Home Depot, Chase bank, etc, etc, why wouldn't one carry cash?

The only real reason to use plastic is to repair bad or build nonexistent credit. Credit scores are used for a lot of things

Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Oct 12, 2014 12:59:26 PM

I've just read a news report that people in 46 states in the US have had their credit cards hacked into by machines at Dairy Queens! The report is in a Toronto paper, so I won't bother linking it -- there must be more info from US sources. We do have DQ here, but apparently the theft wasn't a problem here.

The most frequent comment on the article is one I agree with big time -- WHY would anyone use a CC at the DQ anyway? Cash is so much faster and safer!
Profile Pic
gas_phil
Champion Author Sacramento

Posts:6,710
Points:671,930
Joined:Aug 2012
Message Posted: Oct 3, 2014 6:54:03 PM

I just checked the Discover Card account/website and yaaaay it said "Cashback Bonus Awarded, $500, please allow 6-8 weeks...". This extra $500 cashback is in addition to the $350/whatever they already gave me. About 6+ or 7 months ago they noticed I quit using their card (because I jumped-ship to another rewards card that has lots of toys). So they emailed me a challenge to re-use their card for a minimum of $X amount each month, for 6 straight months. That was easy since I already do that anyways, took up their challenge and luckily made it. (I still use the other card for other places that don't do Discover and got another $185 in the same 6 months.)
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Sep 29, 2014 11:00:18 PM

I've never tried to guy anything big from craigslist, but have gotten some nice stuff, including things that were free. I've also sold a couple of things, and given away a few more. The only problem I've had was once a seller said that her dog was sick and she had to drop everything else. Of course I respected that, but after waiting a few days I got back in touch and she said that the had just finished selling the items to someone else. I did write her a nasty email, but no one was out any money.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Sep 28, 2014 11:08:17 PM

On Sep 18, 2014 10:08:59 AM, BayleeBuggy wrote:

>Most of the things I buy are not eligible for using CCs or getting rebates,
>since they are private sales or from farmers' markets or craigslist, etc.

IMHO, they should call Craigslist "Scamlist." My BFF's BF tried using it to find houses for sale by owner. Seems most of the listings were from entrepreneurs who were willing to sell you a list of houses for sale by owner for $199. He also tried to buy a used truck but found most of the listings were from dealers.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Sep 28, 2014 11:02:33 PM

Bought lunch for three with cash even though I could have gotten a $1.80 rebate for using a credit card. I wanted to thin out the amount of cash in my wallet.
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Sep 18, 2014 11:08:59 AM

Sneakers, my general rule is not to spend more to get more rebates; it's to spend less overall whenever possible. Most of the things I buy are not eligible for using CCs or getting rebates, since they are private sales or from farmers' markets or craigslist, etc.
Profile Pic
TheRealDeal78
Champion Author Bakersfield

Posts:2,515
Points:927,375
Joined:Mar 2012
Message Posted: Sep 18, 2014 3:38:05 AM

I pay with my debit card. I usually don't carry more than $10 cash on me. I only have one credit card and I use it for emergencies only. It keeps me out of debt.

[Edited by: TheRealDeal78 at 9/18/2014 3:38:29 AM EST]
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Sep 17, 2014 9:38:29 PM

In the "rebate getting department," I got a Citibank Double Cash MasterCard. You get a 1% rebate when you charge something, and you get a 1% rebate when you pay it off. It beats Quicksilver. However, Citibank only gave me a $1200 credit limit so I can't have too much fun with it.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Sep 12, 2014 1:26:23 AM

Can't buy a house with a credit card, so I'm going to use cash.

Then, I can get a home equity loan if I need cash.
Profile Pic
gasfrugal
Champion Author New York

Posts:42,684
Points:2,180,795
Joined:Sep 2003
Message Posted: Sep 11, 2014 9:41:15 AM

I use my CCs as much as possible - but here is an example of where that makes no sense: One of our local Gas Stations:
$.98 a gallon addt'l for credit!!!
Personally I do not use that station - absurd!


[Edited by: gasfrugal at 9/11/2014 9:41:42 AM EST]
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Sep 2, 2014 6:37:44 PM

Went to the Harris County Public Library today and bought a print card. It was 50¢ for the card and 10¢ per sheet printed. Would have done it at home but the person I was with wanted to do it at the library. The machine that spits out print cards takes dollar bills. Unfortunately, the smallest thing I had was a $20 but the library will make change.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 26, 2014 3:08:25 PM

On Aug 26, 2014 7:19:32 AM, cltncguy wrote:

>So the govt. doesn't have a record of every purchase you make

Government records purchases of significant items no matter how you make them. The rest of the stuff would be rather boring. Why would the Government care if you purchase a pint of ice cream?

That said, you're not paranoid if everybody is really out to get you.
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Aug 26, 2014 2:14:53 PM

The funny thing about my plan to use a cheque is that when I got to the place I didn't have the right chequebook with me, so ended up paying cash. And the total was more than 10% cheaper than it would have been the other way.

Lots of farmers' markets around this time of year, so of course all the customers pay cash. I bet even someone who boasts of getting the best deals by credit would trade that perceived advantage to get the yummy summer fruits and veg!
Profile Pic
gas_phil
Champion Author Sacramento

Posts:6,710
Points:671,930
Joined:Aug 2012
Message Posted: Aug 26, 2014 12:36:58 PM

Yeah. That's annoying but we can't stop our lives and move back into the forest or somewhere lol.
Profile Pic
cltncguy
Champion Author Charlotte

Posts:1,828
Points:633,975
Joined:Jul 2011
Message Posted: Aug 26, 2014 8:19:32 AM

So the govt. doesn't have a record of every purchase you make
Profile Pic
ncclyde
Champion Author Charlotte

Posts:18,039
Points:2,971,255
Joined:Dec 2005
Message Posted: Aug 26, 2014 5:16:37 AM

weekend before last I made a couple of small purchases, and used cash for them all. one of the vendors only takes cash, and one adds sales tax if you use a credit card. many of the other vendors have different prices, with the cash price being anywhere from 5-10% lower.

I use credit card for most purchases, but for most of the smaller ones, and some not-so-small, I prefer cash.
Profile Pic
gas_phil
Champion Author Sacramento

Posts:6,710
Points:671,930
Joined:Aug 2012
Message Posted: Aug 25, 2014 3:26:47 PM

The other day in the news they said Discover gave away $1B in cashback last year.
Earlier I was on the Discover website paying this month's bill. Of course it hurts!!
But anyways I noticed they have a "Cashback in Action" link near at the top. It shows a big map and some latest cashback activities for the state that we click on. I clicked on CA state for fun and oh wow some lucky dude or a Miss Supershopper redeemed $12k cashback this month!! I randomly clicked on a few states and saw have some supershoppers in Indiana, Georgia and Illinois too lol.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 25, 2014 12:16:43 AM

On Aug 7, 2014 8:07:52 AM, I wrote:

>Capital One's "Hassle-Free Rewards" lives up to its name. I have mine
>set up to take place automatically. I was monitoring my account ands
>found they do the auto-redemption right after the statement cycles.

I ran up some more spend and they auto-redeemed another $25.00, So, it's not necessarily right after the statement cycles.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 11, 2014 11:29:11 AM

On Jul 29, 2014 10:38:55 AM, BayleeBuggy wrote:

>I took a lawnmower to get repaired, and the place has the policy
>of cash or cheque only. That's a bit of a surprise, since so many
>businesses refuse to take cheques.

Buc-ee's (a Texas convenience store chain famed for their scrupulously clean restrooms) would take checks up to very recently from Texans. Most counties aggressively prosecute the crime known in Texas Law as "theft by check." Guess the ones that don't ruined things for the check-writing population. Buc-ee's, fortunately, accepts cash, credit cards, and debit cards. So you're not going to starve or go without gas.

>I think I will write one, since I haven't done that in so long!

My BFF and her BF have been helping me sort through my apartment. We found a batch of checks from a closed account from two apartments ago.
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Aug 10, 2014 6:42:25 PM

We now have a farmers' market nearby, and of course they all deal only in cash. And now I'm full of fresh local veggies -- great!
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 7, 2014 9:07:52 AM

Capital One's "Hassle-Free Rewards" lives up to its name. I have mine set up to take place automatically. I was monitoring my account and found they do the auto-redemption right after the statement cycles.

I got my first $100 in rebates to go with my $25 minimum payment. I'll be paying more next month as they have my cable TV and electric bills and I don't want to get to revolving them...
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 6, 2014 11:52:19 PM

American Express has an offer where you can register your card, then you get $10 off for a cell phone bill of $75 or more. Not only that, the code is good for three uses so you can get a total of $30 in rebates.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 6, 2014 9:25:44 PM

I went into amazon.com and deleted all my expired credit cards and all of them except my Chase FREEDOM VISA (pay with points) and my Discover Card (pay with points).

Then, I added my Capital One QUICKSILVER VISA.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Aug 6, 2014 8:58:23 PM

I need to make an appointment with my pdoc (she sees me every three months, and it turned out she had a commitment for the week I was scheduled at my last appointment - I was driving when they called me, and I said I'd rather be somewhere I could write down the date and time).

I got a 90-day supply of my generic Depakote ER (which looks just like the branded Depakote ER because it's an authorized generic produced by Abbott), my generic Geodon, and my generic Zoloft today. My 90-day supply of trazodone got shipped a couple of days ago.

I currently have my pharma expenses charged to my American Express. I'm going in and changing it to my Capital One QUICKSILVER VISA.
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Jul 29, 2014 11:38:55 AM

I took a lawnmower to get repaired, and the place has the policy of cash or cheque only. That's a bit of a surprise, since so many businesses refuse to take cheques. I think I will write one, since I haven't done that in so long!
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jul 28, 2014 10:25:22 PM

Got $23.82 in rebates on my Chase AARP VISA (3% rebate on restaurants, 3% rebates on gasoline, 1% rebate on everything else).
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jul 18, 2014 11:35:49 AM

My extreme couponer friend? She's carried through with everything she said she would do so far, so she made an offer to THOROUGHLY clean and sort my apartment for $495 (the down payment on her new Kia Rio).

I'm an extreme credit card rebater, so I took advantage of my new Capital One Quicksilver Cash Rewards credit card. Got a 1.5% rebate on the $495.00 I contributed to the new car project.

Also, because I get a bonus $100 rebate for making $500 in purchases in the first three months, the great majority of that has already been run up. (Charged lunch to the card yesterday, that takes care of the rest.)

And because the card has an introductory 0% rate through April 2015, I'll have a while to pay it off.
Profile Pic
gasfrugal
Champion Author New York

Posts:42,684
Points:2,180,795
Joined:Sep 2003
Message Posted: Jul 14, 2014 8:53:39 AM

Yup - I know its actually a cash "discount" because the CC agreements do not allow a credit surcharge. Symantec difference - but the net effect is the same - you pay 10~25 cents a gallon more using a credit card in some states
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jul 12, 2014 7:04:59 AM

On Jul 11, 2014 12:59:03 PM, gasfrugal wrote:

>Sneakers - I have not kept up with all the changing rebate programs,
>however, still using "Quicksilver" And Cit card with rotating categories.

I'm an extreme credit card rebater. I'm going grocery shopping with an extreme couponer later today.

I have a symbiotic relationship with this person: she was between jobs (she started a job Thursday) and she's been helping me hack through the accumulated hoarding. I think the main thing we're going to be doing today is grocery shopping and hauling a batch of stuff to either the Salvation Army or Goodwill. (My perception is that Goodwill around here gets a lot more electronics than the Salvation Army.) Finally, my shoe hoarding will be cut down to what I can get into both bedroom closets! My Mom said once that I had enough sneakers to last until I was 500 but everything but Chucks now use EVA foam and they disintegrate in about a dozen years. I was wearing a pair of 2001 Nikes that disintegrated on me while I was wearing them!

>I am not a fan of Chase - its personal.

There are a lot of banks out there. I'm not a fan of Bank of America. I used to have a co-worker who described the Fourth National Bank of Wichita as the "Bank of America of Kansas." He did not mean it as a positive statement. IIRC, the Fourth was eventually acquired by Bank of America.

>So I am only averaging in total 2.25%, no fees, no interest, and its
>"new found money". If the merchant is willing to accept it at no
>surcharge - why not!

Merchants have to accept credit cards with no surcharge in ten states, and some of them are biggies. Fortunately for me, Texas is one of them.

Texas also has the regulation that if you have a credit card issued by your franchisor, they are not allowed to charge a merchant discount. So, you've got stations that accept their franchisor's credit card for the same price as cash. This is most widely practiced by Conoco and Valero stations.

>I had to switch to cash for gas, because locally they are adding
>10~25 cents a gallon for credit ...

They're actually subtracting 10-25 cents a gallon for cash. You may say "it's all semantics" but that's the way the Merchant Operating Regulations for credit cards are written.

Around here, a lot of the gas stations take off money for paying with their gift cards (which they will sell you for cash, but if you look around you can find places that will sell you gift cards and let you pay with a credit card for them). At Christmas last year, I bought myself four $10 iTunes gift cards from Kroger. They were on sale for $34, but since I got another 6% off with my American Express Blue Cash Preferred they cost me $31.96 all in. And you don't have to get music or videos to use an iTunes gift card. It's all one big bucket of money for anything Apple sells via digital download.

Around here, about half of the stations who offer a discount for cash cost too much for cash and way too much for credit. I think they sucker in the people who aren't paying attention.
Profile Pic
gasfrugal
Champion Author New York

Posts:42,684
Points:2,180,795
Joined:Sep 2003
Message Posted: Jul 11, 2014 1:59:03 PM

Sneakers - I have not kept up with all the changing rebate programs, however, still using "Quicksilver" And Cit card with rotating categories. Like you mentioned it seems that the 5% is usually something I am spending on anyway. I am not a fan of Chase - its personal. So I am only averaging in total 2.25%, no fees, no interest, and its "new found money". If the merchant is willing to accept it at no surcharge - why not! I had to switch to cash for gas, because locally they are adding 10~25 cents a gallon for credit ...

Happy rebating...
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jul 4, 2014 11:48:30 AM

I'm writing this out because I'm planning to prune down my credit cards as FICO says I have too many. This is what I'll likely keep and why: I'm an extreme credit card rebater and only rarely a revolver.

The Quicksilver (1.5% rebate) will be the default card to buy what I can't get a higher rebate from using another card:

I"ve got the American Express Blue Cash Preferred ($75 annual fee). But the 6% rebate for the first $6000 in annual stand-alone supermarket purchases will get you back $360 a year. There are a lot of potential purchases you can make at grocery stores even if you don't buy $6000 in food. You can buy all sorts of gift cards at a grocery store and they, too, get the 6% rebate. It also does 3% for selected traditional department stores (no limit), 3% on gas station purchases (no limit), and the pretty-much standard 1% on everything else.

I've got the CHASE AARP VISA (no annual fee beyond being an AARP member). But it offers 3% off at restaurants and 3% at gas stations.

I've got a CHASE FREEDOM VISA with rotating 5% categories. Almost all the time, they have a rotating category I can use.

I've got a State Farm VISA with a single-digit rates on purchases over $500 you feel you have to revolve and the capability to spread an insurance payment over $200 for six months at 2.99% APR. Also, you get a 1% rebate on everything you put on it. The worst thing about it is that it only has a $3000 credit limit so you can't revolve too much on it. Probably the reason it's so low is that I applied for it between the time I was laid off and the time my pension kicked in.

I've got a Target VISA that I don't use as much since they changed their rebate structure from 1% off everywhere to 5% off at Target and no rebate elsewhere.

I think I'll keep my Discover Card and my Citibank Dividend Card MasterCard as one of the factors FICO looks at is the oldest accounts you have and they're the oldest by far along with the Target VISA, I started out with a Target store card when I first bought Dayton Hudson stock in May 1999 then they switched it to a VISA card. You can't get a new Target VISA any more, but they grandfathered in the existing cardholders.

There's another three cards that I can't justify keeping although with one of them it's tied to a checking account I only rarely use. I will probably move my safe deposit box to my main checking account bank (Chase) at the same time. Who REALLY needs three checking accounts? Need to prune down the checking accounts, too. One is local, and the other one is owned by my broker. I like it because of its extensive surcharge-free ATM network.


[Edited by: Sneakers55 at 7/4/2014 11:56:19 AM EST]
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jul 3, 2014 12:33:11 PM

Looked at last month's spending on my American Express card (3% rebates at gas stations, the most I could get from a card in 2Q 2014). Bought plenty of gas (Kansas City to Houston vacation, also a lot of driving around here).

Did a lot of driving Monday. Picked up my BFF and went to the bank in the morning. Went to Pasadena, Texas to donate blood in the afternoon. The nearest neighborhood blood donor center, in the Clear Lake area of Houston, has all their phlebotomists not wanting to take me again as all of them failed at least once.

Capital One turned me down for a Quicksilver VISA (1.5% unlimited rebate, the most I've seen as a general rebate percentage) about a year ago because I had too many recent credit inquiries. I let my recent inquiries age out and waited for them to start sending me marketing materials to apply for a card. I applied on-line this morning and they accepted me with a $10,000 credit limit! Now, not to max it out! It's two and a half months after-tax income for me. All I'll say is you don't want to revolve on that card, it has an interest rate of 22.9%. I have one card with 11.24% interest and two with 11.25% interest.


[Edited by: Sneakers55 at 7/3/2014 12:36:03 PM EST]
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jun 30, 2014 10:17:05 PM

Another two hours and forty-five minutes to 3Q 2014. There's 5% rebates for Chase FREEDOM and Discover Card for purchases at gas stations. Most of the stations around here that do a discount for cash overcharge for either method of payment.
Profile Pic
BayleeBuggy
Champion Author Toronto

Posts:24,160
Points:3,665,390
Joined:Aug 2004
Message Posted: Jun 30, 2014 11:06:51 AM

Yet another bonus from paying cash -- over the weekend I got a half-hour shiazu massage for $5 - a special promotion. It was lovely, and the guy did not have a charge machine with him. He probably does use it at his home base, but not where we were. So without cash I would have missed out big time.
Profile Pic
gas_phil
Champion Author Sacramento

Posts:6,710
Points:671,930
Joined:Aug 2012
Message Posted: Jun 28, 2014 1:30:01 PM

recently found out/noticed Discover card's first $3k purchase of the year (based on sign-up date) is only 0.1% and not 1%.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jun 28, 2014 6:27:48 AM

Used "Pay With Rewards Points" to buy Dierck Bentley's "Home" CD. Another $8.65 of tax-free rebates!
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: Jun 13, 2014 2:03:04 PM

If you live in an area where Exxon or Mobil have gas stations and you have an American Express card, they are offering $5 off a $30 fuel purchase at either Exxon or Mobil. You have to register for the offer on the AmEx Web site and pay at the pump with your registered American Express card.

I took advantage of a similar offer last month when I was on vacation, except it was at BP. No BP stations here, but there were at my destination.


[Edited by: Sneakers55 at 6/13/2014 2:04:40 PM EST]
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: May 29, 2014 4:14:49 PM

Got $50 in rebates with my Citibank Dividend Card MasterCard.

Got $25 in rebates with my American Express Blue Cash Preferred card.

Used "Pay With Rewards Points" to get Head East - 20th Century Masters - The Millennium Collection from amazon.com. Featuring the vocals of John Schlitt back in his secular music and drug doing days before he became a Christian and joined Petra.
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: May 17, 2014 10:57:59 PM

On May 14, 2014 8:43:16 PM, Toadman7 wrote:

>Because studies how that you spend less using cash
>then you do using credit cards.

I don't think I do, and using credit cards is much more convenient and has much higher consumer protections.

Try doing a chargeback using cash.

Profile Pic
gas_phil
Champion Author Sacramento

Posts:6,710
Points:671,930
Joined:Aug 2012
Message Posted: May 14, 2014 11:41:10 PM

Oh no ... really no difference:) We have to dish it out when they call our name:)
Profile Pic
Toadman7
Champion Author Dallas

Posts:6,130
Points:1,132,210
Joined:Oct 2005
Message Posted: May 14, 2014 9:43:16 PM

Because studies how that you spend less using cash then you do using credit cards.
Profile Pic
gas_phil
Champion Author Sacramento

Posts:6,710
Points:671,930
Joined:Aug 2012
Message Posted: May 14, 2014 7:41:15 PM

interesting article...
Fed study spells out importance of cash to consumers
http://www.atmmarketplace.com/articles/the-fed-cash-plays-a-key-roll-in-consumer-spending/



[Edited by: gas_phil at 5/14/2014 7:41:51 PM EST]
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: May 14, 2014 3:53:56 PM

If you live in an area where BP has gas stations and you have an American Express card, they are offering $5 off a $30 purchase at BP. You have to register for the offer on the AmEx Web site. No BP stations in Houston, but plenty in the Kansas City area where I'm on vacation.

I needed to buy some gas (having bought the last tank on the road in Arkansas) and so I went to BP. It was a penny a gallon higher than Phillips 66 and QuikTrip, but then I had the offer to use. (And the QuikTrip had only recently changed their price, the previous GasBuddy had reported the same price they had at BP and there was no recent price from the 66.)

By the time I got back to Mom's house and sat down at the laptop, I had an E-mail from American Express thanking me for taking advantage of the BP offer!
Profile Pic
Sneakers55
Champion Author Houston

Posts:61,883
Points:2,660,245
Joined:Nov 2005
Message Posted: May 14, 2014 3:44:46 PM

On May 5, 2014 5:23:15 AM, cltncguy wrote:

>ALSO, let your card be lost or stolen..

I have enough cards that having one go astray isn't that much of an issue. I had my American Express Card go astray because my BFF wanted to buy something with it and she lost it in the Escape.

I contacted American Express and told them my card was damaged because I didn't want to learn a new account number. Got my new card, then I found the old one in the Escape. They did give me a new expiration date two years in the future from the old card.

The only thing I missed the card for was I wanted to go grocery shopping and I had to use one of my other credit cards (one that only pays a 1% rebate, instead of the 6% rebate AmEx does) to buy about $150 of groceries. Those 6% rebates add up when you're buying $150 of groceries!

>Good luck the next 3-5 business days eating!!

If I lost my entire wallet, I'd be totally sunk. Fortunately, when I misplace it, it's invariably stuck between the driver and passenger seats in the Escape.
Post a reply Back to Topics