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Author Topic: Why would anyone pay CASH for anything?????????????? Back to Topics
wamps

Champion Author
Michigan

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Message Posted: Jan 22, 2007 11:02:50 AM

Get with the program and start saving with rebate's on a credit card.
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GasMiser718
Champion Author Detroit

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Message Posted: Feb 1, 2015 8:00:19 AM

Good question
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Sneakers55
Champion Author Houston

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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.
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Sneakers55
Champion Author Houston

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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.
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BayleeBuggy
Champion Author Toronto

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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.
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Sneakers55
Champion Author Houston

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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]
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BayleeBuggy
Champion Author Toronto

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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.
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gasfrugal
Champion Author New York

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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 ..
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gas_phil
Champion Author Sacramento

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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).
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pinbuster2005
Champion Author New Hampshire

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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.
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Sneakers55
Champion Author Houston

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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.
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Sneakers55
Champion Author Houston

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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).
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Sneakers55
Champion Author Houston

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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.
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Sneakers55
Champion Author Houston

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Message Posted: Jan 4, 2015 10:20:12 PM

On Jan 3, 2015 12:06:45 PM, 2manyfords wrote:

>When the terrorists take out the power grid CC's won't do you any good.

And neither will cash. Stores can't run without power. Superstorm Sandy proved that.
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Sneakers55
Champion Author Houston

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Message Posted: Jan 4, 2015 10:17:05 PM

On Dec 14, 2014 10:07:10 AM, wamps wrote:

>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.

>The only time it's needed is when you are making an on-line or over the
>phone purchase.

It's required for a "card not present" transaction. I had an electrician replace the breaker box in my house and they didn't swipe the card on the spot. They wrote down the card number, expiration date, and CVV2.
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Sneakers55
Champion Author Houston

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Message Posted: Jan 4, 2015 10:09:34 PM

On Jan 4, 2015 5:39:52 AM, Glasman wrote:

>nothing wrong with 100% down and no monthly payments.

Bought a house that way. Plan to get a home equity line of credit to pay for the improvements we're making.
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Sneakers55
Champion Author Houston

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Message Posted: Jan 4, 2015 10:05:43 PM

On Dec 27, 2014 5:05:56 AM, ncclyde wrote:

>I have no doubt that within the next year or two the IRS will requite
>CC companies to report their rebates/points just like banks are
>required to report interest payments, and we'll be receiving 1099s
>or similar form.

The current nontaxability of credit card rebates is not going to change unless Congress changes the law. Current law considers it a refund of what you paid in the first place and you don't tax refunds. And the crowd we sent to Washington believes we're taxed enough already.

And since nobody is in the 100% tax bracket, you would still be ahead if the law changed.
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Glasman
Champion Author South Carolina

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Message Posted: Jan 4, 2015 6:39:52 AM

nothing wrong with 100% down and no monthly payments.
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2manyfords
Champion Author Wisconsin

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Message Posted: Jan 3, 2015 1:06:45 PM

There is a place for everything. CC's are great but don't keep your wallet empty of $$$$. When the terrorists take out the power grid CC's won't do you any good. And hackers are getting to be a bigger problem all the time. I know you are protected from fraudulent charges but they might take the whole CC company out.

I might suggest though that if you keep a big stash of cash keep it to yourself.
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BayleeBuggy
Champion Author Toronto

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Message Posted: Dec 29, 2014 12:15:13 AM

I'm glad to see that I'm not the only one here that realizes that cash is still a good idea. If you disagree, I'd be happy to find a use for any surplus cash you have lying around ;-D
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probedude2
Champion Author Akron

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Message Posted: Dec 28, 2014 1:34:20 AM

One word: anonymity
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cltncguy
Champion Author Charlotte

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Message Posted: Dec 28, 2014 1:14:42 AM

Great... until the power goes off
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gas_phil
Champion Author Sacramento

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Message Posted: Dec 28, 2014 1:05:12 AM

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. (long story / don't want to get into it here.) So today we hit the mall again on another shopping spree and the same Discover card worked everywhere at many places without a problem. 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.

Got home and found the Citibank World Mastercard arrived in the mailbox. I was browsing thru the two booklets and the benefits actually look better than my Discover More and Visa Sig cards (more coverage/features, ok to use I guess).
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ncclyde
Champion Author Charlotte

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Message Posted: Dec 27, 2014 6:05:56 AM

most of my purchase are made with credit card, but cash is a regular medium of exchange for many transactions as well.

cash is great for a birthday, graduation, or Christmas gift.

many of the vendors at the gun show offer 5% discounts for cash, and many do not take anything except cash.

small purchases, like a couple of donuts, or coffee & biscuits, is easier with cash.

yard/garage sale, flea market, farmers market, and Craig's List only take cash.

Internet, power, or electronic transaction outages do not effect cash transactions.

I'll often leave tips with cash, especially if it's just me and not the whole family.

Credit cards don't allow you to use $2 bills, which I enjoy.

The homeless guy on the corner doesn't accept credit cards.

I tend to nearly always use credit cards at any of the nations chains, but most of the time, when it's a local business, I tend to use cash, to help them keep their costs down.

Rebates & discounts are nice, but nothing is for free. The costs are passed along to someone, and it's usually onto the consumer in the form of higher prices.

I have no doubt that within the next year or two the IRS will requite CC companies to report their rebates/points just like banks are required to report interest payments, and we'll be receiving 1099s or similar form.
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Sneakers55
Champion Author Houston

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Message Posted: Dec 27, 2014 4:06:59 AM

I've got a MyPoints Rewards VISA. They declined my transaction when I went to purchase a walk-in shower at Lowes for the pre-owned house. I whipped out my American Express card and it went right through.

A couple of minutes later, I got a message on my cell phone. It stated that I had made a large purchase at Lowes and if it wasn't me to call.
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gas_phil
Champion Author Sacramento

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Message Posted: Dec 27, 2014 1:25:42 AM

I just wrote to Discover Card and scolded them. Today is of course a major shopping day and so we were out eating and endlessly shopping. There was like half a dozen transactions within a few hours. At the 7th or 8th store they swiped it and it was declined. The card is basically/almost empty (paid in full every month, still have over $12k available to use). It's just that their server doesn't allow people to go on a shopping spree!! Later got a Discover Fraud Prevention Alert text message regarding that transaction lol. Anyways, switched over to my Visa Sig card and continued from there. (My new Citibank card has not arrived yet... so, still prefer using this Discover card for now.)
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GasMiser718
Champion Author Detroit

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Message Posted: Dec 18, 2014 5:27:23 PM

Yeap
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BayleeBuggy
Champion Author Toronto

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Message Posted: Dec 18, 2014 3:51:00 PM

Sneakers, thanks for your reply a while ago. I didn't think it would be an easy direct formula, and sounds like none of it would apply around here.

According to local news, the TTC -- Toronto Transit Commission -- is going to start allowing people to use cards to pay for tickets and tokens. Since I of course have always paid using cash anyway, I didn't even realize tht everyone else has always had to.
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gas_phil
Champion Author Sacramento

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Message Posted: Dec 18, 2014 2:09:13 PM

I saw the Citibank double cashback commercial on tv last night. This looked quite interesting... like 1% flat on purchases and another 1% after paying (basically 2% for paying in full each month). I just pulled up my records (excel file) for the past 60 months and the overall/average cashback I have is 1.446% (includes the occasional/higher 5% special category, but with limited transactions). It's really just 1.241% average if I ignore the special/one-time $500 Discover bonus. So the new 2% idea looks very good... I just signed up on their website and some cards should be arriving in a few days:)
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wamps
Champion Author Michigan

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Message Posted: Dec 14, 2014 11:07:10 AM

It's been a while since I posted anything.

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.

The only time it's needed is when you are making an on-line or over the phone purchase. Also, I have found, in a phone purchase, if you ask them to submit the purchase without the code it will go thru.

Merry Christmas and Happy Rebate Charging
Wamps
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Sneakers55
Champion Author Houston

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Message Posted: Dec 4, 2014 5:05:30 PM

On Dec 4, 2014 2:27:39 PM, gas_phil wrote:

>I had to email my card company to send me some new cards
>(mag strip worn out lol).

You may get one with a chip, one of my banks is now issuing cards with chips. Other banks are saying the chips will be coming soon. Virtually all will have chips on their cards by December 2015. Guess they changed their mind on the subject after Target. Although Target was an early adopter of cards with chips, the first time around they used them for digital coupons.

I had a problem with a card once that I called the bank about. Seems the three-digit CVV2 code had rubbed off and I couldn't make phone orders with that card.
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Sneakers55
Champion Author Houston

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Message Posted: Dec 4, 2014 4:56:23 PM

Went out and bought two pairs of glasses today (one for computer/reading and another for TV watching/driving). It was expensive enough that I couldn't have bought them with the Double Cash card with the $1200 credit limit.

My optometrist said my left eye had improved since the last time I'd been in (it had been a while, don't know why I procrastinated because all it costs me is $20 and retired people have lots of free time).

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gas_phil
Champion Author Sacramento

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Message Posted: Dec 4, 2014 3:27:39 PM

I had to email my card company to send me some new cards (mag strip worn out lol).
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Sneakers55
Champion Author Houston

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Message Posted: Dec 4, 2014 10:54:23 AM

One of my credit cards sent out a notice that chip cards are now available now on request. Since one of my favorite Mexican restaurants has a chip reader, I figured that I'd get a card. Haven't got the card yet but it's going to the new house (as opposed to the apartment).

Most of the rest of the cards will be changing over in the next year.
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Sneakers55
Champion Author Houston

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Message Posted: Nov 23, 2014 11:15:56 PM

On Oct 15, 2014 9:30:05 AM, BayleeBuggy wrote:

>How much money do you need to put on a credit card in order to get
>a cash rebate of $100?

Depends on the credit card.

I've got a Citibank Double Cash Card that pays a 1% rebate on purchases, then pays another 1% rebate on payments. That works out to be slightly less than 2%. The only gotcha is it has a credit limit of $1200 so you can't have that much fun with it.

I've also got a American Express Blue Cash Preferred that pays a 6% rebate on the first $6000 of grocery store purchases, a 3% rebate for all purchases at gas stations and selected department stores, and 1% on everything else. It has a $75 annual fee, but you can get $360 in rebates at grocery stores.

The new house has a lot of cupboard space, which is one of the shortcomings in my apartment. The apartment does have a combination pantry and utility room.
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cltncguy
Champion Author Charlotte

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Message Posted: Nov 23, 2014 10:37:54 PM

Bookies and Drug Dealers are still pretty much on a cash basis
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Sneakers55
Champion Author Houston

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Message Posted: Nov 23, 2014 7:07:29 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. Wasn't able to use a credit card for anything.

Closed on the house November 6th. One big cashiers' check. And the bank apparently waived their $8 fee (at least they didn't charge it to my account, and I didn't give them any cash to pay it).

However, I was able to use a credit card to get my water turned on, my electricity turned on, and I'll be using one for U-verse when I get that turned on.
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Sneakers55
Champion Author Houston

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Message Posted: Nov 23, 2014 6:44:34 PM

On Nov 5, 2014 12:15:11 AM, pinbuster2005 wrote:

>With so many stores getting hacked lately paying with cash is the better way to go.

I'm not sure the stores agree. Too many expenses involved in handling cash.

And hacking is gong to get a lot harder. I got my third chip card a couple of months ago. I went out to have lunch and the merchant in question had a chip card reader. First time I had a merchant use the chip on the card for purchase authentication. I had an early Target VISA where they used the chip for coupons, and I had an American Express Blue Cash card with a chip they never used for anything that I could tell; it might be different if I traveled internationally. I even had card readers for both chips.

Cards with chips are going to be very prevalent by the end of 2015.

>If I get robbed sure I'll lose a few bucks

Or if you lose your wallet. I've lost a lot more money from losing a wallet than I have from losing a credit card.

>But if my card number gets compromised that could cause my identity to be
>stolen.

Nope.

There is very little data on a credit card magnetic stripe. Main thing is a 23-digit number (15-digit or 16-digit card number, 4-digit or 3-digit card verification value, 4-digit expiration date). It does have your name.

Virtually no chance of going from that 23-digit number and your name to any important data. Specifically, the Social Security Number (which everyone seems to use as a unique identifier). I was rather perturbed when I needed to get the results of a sleep study for my new doctor to look at. I went to my old doctor's office and gave them my name and my date of birth, and they printed out a copy of the sleep study results. My Social Security Number was all over the printouts. IMHO, they shouldn't be handing that out without a photo ID at least!

>I feel my identity is worth more than a couple of bucks.

You can't do anything with just a credit card number and your name other than run up charges. And it seems that the credit card companies pay extensive attention to where you're using your card. Just bought my first house a couple of weeks ago. Kept getting fraud alerts on my credit cards when I went out and bought painting stuff at Home Depot. I've got enough plastic that I was able to whip out another card and buy what I wanted. I soon learned to pay attention to my cell phone and the credit card company would text me to see if the charge was legitimate. I'd text them back that it was legitimate and swipe the card again.
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pinbuster2005
Champion Author New Hampshire

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Message Posted: Nov 5, 2014 1:15:11 AM

With so many stores getting hacked lately paying with cash is the better way to go. If I get robbed sure I'll lose a few bucks, But if my card number gets compromised that could cause my identity to be stolen. I feel my identity is worth more than a couple of bucks.
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BayleeBuggy
Champion Author Toronto

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Message Posted: Nov 4, 2014 4:33:35 PM

I went to a good quality craft show over the weekend -- the crafters only do two shows a year, and each one is payed separately. So yes, they all had nicely-lettered signs saying that they only accept cash. And no, some of the jewellery is not cheap!
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gas_phil
Champion Author Sacramento

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Message Posted: Nov 4, 2014 2:39:43 PM

I'm down to my last $20 bill in the pocket. Need to go to ATM later. I've been giving away hundreds in cash left and right. Giving as in giving (not as in buying things). Even the landscape guy (gardener) got a one month cash bonus/extra along with a regular/monthly check (I wrote Happy Thanksgiving on the envelope).
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Sneakers55
Champion Author Houston

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Message Posted: Nov 4, 2014 11:29:27 AM

Ordered a beef and broccoli a couple of days ago online. Forgot to key in my credit card number. Fortunately, I had a $20 to pay for it.
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cv
Champion Author Raleigh

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Message Posted: Oct 29, 2014 5:04:22 AM

Sooner or later cash gets involved.
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Sneakers55
Champion Author Houston

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Message Posted: Oct 29, 2014 12:29:12 AM

Scheduled to close on a house Thursday, November 6th. Lots of cash involved in that process. Wasn't able to use a credit card for anything.
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Tucsonhomes
Champion Author Tucson

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Message Posted: Oct 21, 2014 6:19:18 PM

Never had any cash anyway
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gas_phil
Champion Author Sacramento

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Message Posted: Oct 21, 2014 3:30:11 PM

I got my $500 Discover Card special reward already. lol I thought they said wait 6-8 weeks and it's only week ~3 now. Saw the extra $500 there when I paid the entire bill for this month. Fico score is 804 this month. It swings wildly between 790 and 842 for the last few months (don't care).
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gasfrugal
Champion Author New York

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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.
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BayleeBuggy
Champion Author Toronto

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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.
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gasfrugal
Champion Author New York

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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 ...
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BayleeBuggy
Champion Author Toronto

Posts:24,672
Points:3,801,740
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.
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Sneakers55
Champion Author Houston

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Points:2,777,790
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?
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Service66
Champion Author Indianapolis

Posts:26,454
Points:2,036,380
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

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