Not Logged In Log In   Sign Up   Points Leaders
Follow Us    7:45 PM

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:12,296
Points:2,263,350
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
GasMiser718
Champion Author Detroit

Posts:7,245
Points:353,480
Joined:Apr 2006
Message Posted: Mar 26, 2015 12:24:06 PM

Good question, I get points for everything....
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 25, 2015 11:15:18 PM

On Jan 4, 2015 9:44:50 PM, I wrote:

>I had to get a couple of replacements thanks to her half-brother (who is now
>100% persona non grata around here).

The BFF's half-brother repaid me $240 and the best I was able to figure out he spent $201, but there were some small transactions that I couldn't conclusively assign.

He's still persona non grata for lifting my credit card.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 20, 2015 11:43:55 AM

On Mar 2, 2015 2:59:16 AM, I wrote:

>After ten years of never missing a payment, American Express decided
>to cut my credit limit.

>They did ask me for statements of my income and assets.

And a few days after I uploaded them they decided I was a creditworthy customer and they restored my credit limit.

I noted they updated my income to be only my pension income, I consider my income to be what I get monthly. I have a pension and I have income from IRA withdrawals.

>I do think that I'm going to change American Express from my "go-to
>card" to my "go to the grocery store" card.

For most purchases (except grocery stores, traditional department stores, and gas stations), I can get a higher rebate with my Capital One Quicksilver. I can get an even higher rebate with by Citi Double Cash Card but then they only gave me a $1200 credit limit. It's not that Citi thinks I'm a particularly bad credit risk, I have another card with them with a $14,500 credit limit.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 17, 2015 9:00:10 PM

Credit One Bank must have thought the offer of a "Credit One VISA" should have been irresistible, so they sent it to me again just in case I overlooked it the first time.

Only 23.99% variable annual percentage rate. Neither purchases nor cash advances have a grace period.

Plus an annual fee of $75 the first year, $99 for second and subsequent years (billed conveniently at $8.25 a month).

On the positive side, it offers a 1% cash rebate but on gasoline purchases only.

And with a generous credit limit as high as $1500!

I have a FICO score of 678 which is about average. I used my credit cards to fix up the house and I'm revolving now. Not the ideal situation. I should go get a home equity line of credit as the interest rate is a lot lower and the interest paid is deductible.
2manyfords
Champion Author Wisconsin

Posts:16,845
Points:3,065,255
Joined:Nov 2005
Message Posted: Mar 12, 2015 7:44:39 AM

I like cash because I seem to have more of a handle on what I am spending. But in reality it would be hard to carry all that cash around. We do seem to spend a lot of dollars these days.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 11, 2015 4:02:25 AM

American Express may have cut my credit limit, but that doesn't stop them from sending me offers for new cards.

I've heard that AmEx will cut your credit limit if you run up a balance and pay it down slowly.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 11, 2015 3:59:39 AM

Had my Discover Card credit limit temporarily increased by taking advantage of an offer they had. They just sent me a letter that my credit limit will be going back to where it was.
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Mar 10, 2015 9:46:41 AM

Sneakers, you are probably correct, but that doesn't make govt. nosiness any better, does it?
Caragogo
Champion Author South Carolina

Posts:4,746
Points:1,333,325
Joined:Jul 2011
Message Posted: Mar 10, 2015 7:45:26 AM

Don't want a paper trail! Not any company or government's business what I buy or where.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 6, 2015 4:05:47 AM

On Mar 2, 2015 6:30:10 AM, cltncguy wrote:

>why does anyone want the government to know every purchase they make..

Google is more evil than the Government. Google takes every keystroke and click you make and sells it for money.
GasMiser718
Champion Author Detroit

Posts:7,245
Points:353,480
Joined:Apr 2006
Message Posted: Mar 2, 2015 9:54:23 AM

Good question.
cltncguy
Champion Author Charlotte

Posts:2,605
Points:854,450
Joined:Jul 2011
Message Posted: Mar 2, 2015 7:30:10 AM

why does anyone want the government to know every purchase they make.. Get with the program
2manyfords
Champion Author Wisconsin

Posts:16,845
Points:3,065,255
Joined:Nov 2005
Message Posted: Mar 2, 2015 7:15:47 AM

The lower the better on CC limits.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Mar 2, 2015 3:59:16 AM

After ten years of never missing a payment, American Express decided to cut my credit limit.

On the other hand, I thought financial institutions almost always gave you credit limits that were too high in the first place.

The only bad thing is I had a number of automatic transactions that were declined and I'm going to have to get that straightened out.

They did ask me for statements of my income and assets.

I do think that I'm going to change American Express from my "go-to card" to my "go to the grocery store" card.



[Edited by: Sneakers55 at 3/2/2015 4:01:44 AM EST]
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Feb 25, 2015 11:27:47 PM

Lots of businesses have requirements that any credit purchase has to be a minimum value, usually at last $5. And I prefer to keep my purchases as small as possible. Rather than getting excited about getting a percentage of my spendings back as a reward, I'd rather spend less to bein with. And sometimes it's possible to get a better deal when paying cash.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 25, 2015 11:23:16 PM

When I signed up for AT&T U-verse in December, I got a $200 VISA prepaid card as a reward. I used it about a dozen times and got it down to $0.74 on it. Now, I'm wondering what I can do with 74ยข!
Toadman7
Champion Author Dallas

Posts:6,346
Points:1,319,605
Joined:Oct 2005
Message Posted: Feb 25, 2015 4:16:25 PM

If I pay with cash, I can't be tracked by the government, law enforcement, or anybody that doesn't need to know where I am at or what I buy.
2manyfords
Champion Author Wisconsin

Posts:16,845
Points:3,065,255
Joined:Nov 2005
Message Posted: Feb 25, 2015 12:07:27 PM

I haven't been listening to American Express advertising. I was just wondering.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 25, 2015 2:34:18 AM

Sunday, I went out to have lunch. The restaurant had a chip card reader, and I had a chip card. The clerk didn't know what she was doing and she tried to swipe the card. I had to tell her to use the chip card reader. Then, everything went through OK.
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Feb 17, 2015 11:45:38 PM

Don't the merchants also have to pay a percentage to the cheque companies?
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 17, 2015 10:00:15 PM

On Feb 16, 2015 7:28:10 AM, 2manyfords wrote:

>This may be a bit off the subject but I went to a restaurant and there was
>a sign that said 'NO TRAVELERS CHECKS ACCEPTED'. Why is that?
>I always thought they were as good as cash.

That's because you've been listening to American Express advertising. Travelers checks are checks and they're subject to all the vagaries of checks, including counterfeiting and forgery.
cltncguy
Champion Author Charlotte

Posts:2,605
Points:854,450
Joined:Jul 2011
Message Posted: Feb 16, 2015 9:03:43 AM

Because the government doesn't need to know every purchase I make
2manyfords
Champion Author Wisconsin

Posts:16,845
Points:3,065,255
Joined:Nov 2005
Message Posted: Feb 16, 2015 8:28:10 AM

This may be a bit off the subject but I went to a restaurant and there was a sign that said 'NO TRAVELERS CHECKS ACCEPTED'. Why is that? I always thought they were as good as cash.
catfish99
Champion Author Wilmington

Posts:20,416
Points:3,321,900
Joined:Sep 2005
Message Posted: Feb 16, 2015 7:14:44 AM

Simple - there is no record of the transaction.
ncclyde
Champion Author Charlotte

Posts:18,860
Points:3,185,880
Joined:Dec 2005
Message Posted: Feb 16, 2015 4:17:37 AM

went to the local coin club's annual coin show over the weekend. the majority of the vendors prefer to deal in cash, so I oblige.



[Edited by: ncclyde at 2/16/2015 4:18:14 AM EST]
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 15, 2015 11:57:01 PM

Went grocery shopping today. Used a credit card with a 5% rebate. Spent $125 and change at the store.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 11, 2015 6:56:45 AM

On Feb 6, 2015 10:52:46 PM, BayleeBuggy wrote:

>Sneakers, that new card offer sounds like a scam all by itself.

I don't think I need cards marketed to subprime customers.

>Is it illegal down there to mail out new CCs that are not requested?

It's been illegal since 1977 at least.

>It used to happen here, but that was changed years ago.

Bank of America kicked off the BankAmericard program by sending out unsolicited cards to what they thought were good customers.
wamster
Champion Author Houston

Posts:7,400
Points:1,248,635
Joined:May 2007
Message Posted: Feb 8, 2015 5:09:03 PM

2manyfords; sign up for alerts on your credit card sites as I have.

I have alerts set up for any transactions occurring without my credit card present. (I do a lot of shopping online).

There's a host of other alerts you can set up. You can set text alerts, email alerts; or both.
2manyfords
Champion Author Wisconsin

Posts:16,845
Points:3,065,255
Joined:Nov 2005
Message Posted: Feb 8, 2015 8:10:00 AM

We are told to never let the CC out of our sight but what do you do at a restaurant when you have to pay at the table and don't have enough cash? I guess if it bothers me it is up to me to carry more $$$.
ecsojay
All-Star Author Tampa

Posts:598
Points:435,720
Joined:Mar 2014
Message Posted: Feb 8, 2015 3:13:30 AM

there are just some stores that I dont trust them to swipe my card
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Feb 6, 2015 11:52:46 PM

Sneakers, that new card offer sounds like a scam all by itself.

Is it illegal down there to mail out new CCs that are not requested? It used to happen here, but that was changed years ago.
GasMiser718
Champion Author Detroit

Posts:7,245
Points:353,480
Joined:Apr 2006
Message Posted: Feb 6, 2015 12:02:01 PM

Good question
wamster
Champion Author Houston

Posts:7,400
Points:1,248,635
Joined:May 2007
Message Posted: Feb 5, 2015 10:07:55 PM

I actually use my credit cards for almost all of my monthly expenses, then pay the cards off when I get paid.

I finance big expenditures on new cards, where I'm offered 15 to 18 months no interest financing, where I'll have it paid off before the finance charges kick in.
wamster
Champion Author Houston

Posts:7,400
Points:1,248,635
Joined:May 2007
Message Posted: Feb 5, 2015 9:33:42 PM

I used my Amex Everyday Preferred to pay my property taxes and school taxes. There is a transaction fee, but my reward points basically negate it. Since this is a new card for me, there is no interest for 15 or 18 months.

Between that card, Amex True Earnings Costco card, Chase Freedom and Chase Sapphire Preferred, Bank of America cash rewards; I have over 100,000 points. I will use these for plane and transportation costs when I go on vacation.

I used some of the points on Amazon.com for Christmas gifts.

Chase Freedom cards earns 5% back on fuel on a rotating basis, Amex Everyday Preferred earns 3% at the grocery store, Amex Costco earns 3% on fuel.

Chase Sapphire earns 2x points on dining, and 3x points on dining the first Friday of every month.

It's more fun than coupon clipping figuring which card to use when and for what.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 5, 2015 5:04:55 PM

Got an advertising piece in the mail for a "Credit One VISA." Logo an awful lot like Capital One but terms nothing like Capital One.

Only 23.99% variable annual percentage rate. Neither purchases nor cash advances have a grace period.

Plus an annual fee of $75 the first year, $99 for second and subsequent years (billed conveniently at $8.25 a month).

On the positive side, it offers a 1% cash rebate but on gasoline purchases only.

And with a generous credit limit as high as $1500!

It's going into the round file.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 5, 2015 11:00:06 AM

On Feb 3, 2015 6:21:25 AM. 2manyfords wrote:

>Sneakers, what happens when you buy decongestant?

Pseudoephedrine is a precursor chemical for methamphetamine. So, there are a number of restrictions on it.

It is stored behind the pharmacy counter in a locked container. You have to present photo ID to buy it, and they log your name and address in a retrievable database. There are also daily and 30-day maximum purchase limits.
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Feb 4, 2015 11:27:55 PM

I do know that several OTC decongestants that used to be helpful for cold symptoms can be used for ingredients to make some other drugs, not for fighting colds! So the current ones don't work as well and are harder to get. Maybe that's what Sneakers means?
2manyfords
Champion Author Wisconsin

Posts:16,845
Points:3,065,255
Joined:Nov 2005
Message Posted: Feb 3, 2015 7:21:25 AM

Sneakers, what happens when you buy decongestant? I haven't bought any so am in the dark about this.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Feb 3, 2015 2:20:17 AM

On Dec 28, 2014 12:34:20 AM, probedude2 wrote:

>One word: anonymity

Transactions for things that are considered worth tracking are tracked no matter the method of payment. Buy any decongestant lately?
GasMiser718
Champion Author Detroit

Posts:7,245
Points:353,480
Joined:Apr 2006
Message Posted: Feb 1, 2015 8:00:19 AM

Good question
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Jan 31, 2015 11:08:24 PM

Had a little gotcha Thursday. I got my municipal property tax bill. I had the money to pay it, but not in a bank where I can write checks. I always figured that I could do a money transfer before I needed to pay any bills. But it turned out that the property tax was due Saturday but after that I could pay a 7% penalty.

The bill said I could go to the tax office's Web site and pay it online. I went to the Web site and found two options: pay by electronic check for a $1 fee, or pay by credit card for a 2.5% fee. I decided I would be better off paying it with a credit card than I would be paying the late fee.

I decided to put it on my Capital One Quicksilver with a 1.5% rebate. (Didn't have enough free credit to use my Citi Double Cash Card with a 2% rebate.) So, it works out that while they have a 2.5% fee, I get a rebate of 1.5% of the payment, resulting in a net cost to me of 1% of the property tax.

I decided next time to be ready. The bank that pays the high interest rate (Synchrony Bank - 1.00% APY) also offers three checks a month money market accounts with 0.85% APY and a minimum deposit of $30.00 (you can dip below $30.00 but they charge you $5.00 a month for doing so). So, I opened a money market account with them.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Jan 25, 2015 1:33:24 AM

On Oct 28, 2014 11:29:12 PM, I wrote:

>Scheduled to close on a house Thursday, November 6th. Lots of cash
>involved in that process.

>Actually, no cash was required. Just a cashier's check.

House closings are kind of backwards. They won't accept ACH transfers.
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Jan 16, 2015 11:55:07 AM

Sneakers, the latest CEO is not blameless - I just found out that they were still opening brand new expensive stores as recently as 3 months ago! So much for cutting their losses.

I may stop in at one to see if there are big bargains to be had - but one of the main complaints from their customers was that the shelves are always empty to begin with, so maybe there's nothing left to sell off.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Jan 15, 2015 4:29:58 PM

The CEO who was in favor of Target Canada got fired, and the new one thinks the Canadian business would be a drag on earnings for many years.

Same guy had Target put chips on their credit cards the first time.


[Edited by: Sneakers55 at 1/15/2015 4:30:29 PM EST]
BayleeBuggy
Champion Author Toronto

Posts:24,935
Points:3,868,150
Joined:Aug 2004
Message Posted: Jan 15, 2015 9:58:00 AM

This isn't really on topic, but sort of related -- just heard that Target is already giving up on their 133 Canadian locations. This is after less than 2 years, coming in and assuming that Canadians would be pushovers for their retail model. Didn't happen, did it?

There is a bit of relevance -- some of the blame does go to the scandal of all those credit card security breaches. Too bad for the 17,000 employees who will lose their jobs. I hope not too many of them went from jobs at Zellers (the chain that closed two years ago) to new jobs at the big T.
gasfrugal
Champion Author New York

Posts:42,694
Points:2,192,745
Joined:Sep 2003
Message Posted: Jan 7, 2015 1:40:17 PM

Thanks for the following tip:

>Here's a couple of credit card tips that only Old Wamps knows about.

>Make a list of all your cards 3 digit security codes. Then, obliterate them
>from the cards. That way when you hand the card to a server, or whoever,
>to charge something they cannot see the security code. Happy New Year ..
gas_phil
Champion Author Sacramento

Posts:7,690
Points:884,935
Joined:Aug 2012
Message Posted: Jan 5, 2015 6:03:56 PM

Contrary to popular belief I actually use cash too:) Usually I have a few hundred dollars in the pocket and sometimes much much more. But still prefer to use the card since for various reasons... faster checkout, extended warranty, damage/theft protection, returns without receipts needed, etc and I want my points! Now even has pricematch/price-protection too. Cash is for small places/shops or to give away (family thinks i'm an ATM/machine or what).

Anyways the latest Citibank card company is strange! A company this big in year 2015 .... and they still don't have an instant text/SMS push notification like the other card companies! The closest is to install their Citi Mobile app and now we can manually check the latest transactions. (I emailed to them... they said no such push-notification feature or not yet lol).
pinbuster2005
Champion Author New Hampshire

Posts:5,525
Points:1,708,885
Joined:Oct 2005
Message Posted: Jan 5, 2015 3:14:39 AM

With all the breaches going on right now I'll use cash that way I don't have to worry about my credit/debit card number being stolen.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Jan 4, 2015 11:40:13 PM

On Oct 28, 2014 11:29:12 PM, I wrote:

>Scheduled to close on a house Thursday, November 6th. Lots of cash
>involved in that process.

Actually, no cash was required. Just a cashier's check. And they called over the branch manager and they gave me the cashier's check free.
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Jan 4, 2015 10:44:50 PM

My BFF was watching me go through my mail and it seems every day I was getting a new credit card that I had to activate. FWIW, all of them had chips on them.

My Chase FREEDOM and my Wells Fargo card both expire in January 2015 and I had to get a couple of replacements thanks to her half-brother (who is now 100% persona non grata around here).
Sneakers55
Champion Author Houston

Posts:64,564
Points:2,836,415
Joined:Nov 2005
Message Posted: Jan 4, 2015 10:33:36 PM

On Dec 28, 2014 12:05:12 AM, gas_phil wrote:

>After getting a scolding from me, the Discover card people wrote back
>with a sorry letter. In my email to them I actually said don't try to decline
>anything but if suspicious always have the store ask for a photo ID.

In Discover Card lingo, that's a "Code 10 verification." IMHO, credit card companies should do it more often. Had my BFF's half-brother lift one of my credit cards and go on a spending spree. Big pain in the butt, and when I get the bill I'm going to object to all the purchases he made.

I also had one of my debit cards disappear at the same time but nobody knows the PIN. It was a Capital One 360 debit card and you can turn it off which I did.

>During dinner the waiter came back and said something like "the card
>company asked to see an ID" and I replied something like "that's great
>thank you I like that!!" and it was fine and two other places after that.

My experience with Code 10 verification was when I'd go out and fly back to The Farm. First transaction I made in Missouri/Kansas on the Discover Card would result in them asking for photo ID. Once they realized I was in the Kansas City area, they never asked for it again.
Post a reply Back to Topics