Credit Card or Cash?

[kaiserphoenix]

Cash is too dirty with loads of bacteria and viruses on them.

[donas]

I use a credit card for everything (paying it off every month). I like the reward points and I'm also scared of counterfeit currency. Many think this a thing for the movies, but after 20 years in LE, I can tell you counterfeit currency is very prevalent in the US. At least if my card gets compromised, the card company immediately rectifies the issue. On the flip side, try and pay with currency you thought was real and turns out not to be, you are just out that bill.

[AAP8]

Originally Posted by twitch54

well that's silly, float your/their money till it's due !

I do it for the points not the float, easier to pay when it shows up and be done with it.

[Chewbacca]

Originally Posted by MrGoat

I used to be always cash. That’s just how I lived my life. I’ve decided to start using my credit cards and have gotten higher credit limits and my credit score has jumped 120+ points because of it.

I always pay my balance down to zero every month though. And still pay cash for haircuts and other services that are cash only.

Sent from my iPhone using Tapatalk

That’s a great example of how to use credit right.

[MrGoat]

Originally Posted by Chewbacca

That’s a great example of how to use credit right.

Thank you sir!


Sent from my iPhone using Tapatalk

[JTL31]

Side note...
I was at a gas station yesterday that only took credit/debit cards due to the Pandemic coin shortage in the U.S.

I use Credit & also pay in full each month :)

[kearez]

Card. Lots of point you can use for cash back or travel. Pay the balance off every month, turns into a debit card really just with more perks.

[Passionata]

Originally Posted by kaiserphoenix

Cash is too dirty with loads of bacteria and viruses on them.

Sure and masturbation makes ppl blind.

Govmnts hate cash since untraceable...

[derekhayden]

Everything goes on my Amex unless they don't take Amex then it Chase or Cash....pay them off at the end of month.

[tudorbaja27]

With all the perks and simplicity coming from using a credit card - I cannot fathom using cash for 99% of my purchases. However, sometimes it is needed.

[.brian.]

Originally Posted by walds11

Credit card for large purchases. Debit card for small purchases.

Any particular reason why you do this?

[pickettt]

Originally Posted by Passionata

Sure and masturbation makes ppl blind.

Govmnts hate cash since untraceable...

And uncontrollable.

[walds11]

Originally Posted by .brian.

Any particular reason why you do this?

Nope, just something I’ve always done. I’m a creature of habit. Why do you ask?

[supernova]

There is absolutely no reason to use cash in this day and age.

There is also no reason not to accept card payment in a shop nowadays given the ease to set it up now. The fees you pay for card transactions (typically 2- 4%) should not materially affect your bottom line no matter what size your company is compared to the benefits of accepting cards.

Only reason to only accept cash is if your up to no good imo.

[CamSLC]

I purchase everything on credit for the points/miles. I'll keep a little cash in my wallet or car for tips.

[MrGoat]

Originally Posted by supernova

There is absolutely no reason to use cash in this day and age.

There is also no reason not to accept card payment in a shop nowadays given the ease to set it up now. The fees you pay for card transactions (typically 2- 4%) should not materially affect your bottom line no matter what size your company is compared to the benefits of accepting cards.

Only reason to only accept cash is if your up to no good imo.

What about the guy that did some work on my lawn? He didn’t have a credit card machine that I saw.


Sent from my iPhone using Tapatalk

[supernova]

Originally Posted by MrGoat

What about the guy that did some work on my lawn? He didn’t have a credit card machine that I saw.


Sent from my iPhone using Tapatalk

Not sure about US, but over here in Europe (and Asia), there are a host of P2P transfer apps (such as Revolut, N26, Wechat, etc.) that everyone I know of has at least 1...

Example is I play football with group lads every week, we all just transfer €5 to the one person to pay, using a P2P app like Revolut, it's as easy as 2 taps on the phone.

The ony time I was forced to use cash in past couple years is the odd meal at my old favorite Chinese restaurant who only accept cash, obviously for tax reasons...

[AAP8]

Originally Posted by supernova

Not sure about US, but over here in Europe (and Asia), there are a host of P2P transfer apps (such as Revolut, N26, Wechat, etc.) that everyone I know of has at least 1...

Example is I play football with group lads every week, we all just transfer €5 to the one person to pay, using a P2P app like Revolut, it's as easy as 2 taps on the phone.

The ony time I was forced to use cash in past couple years is the odd meal at my old favorite Chinese restaurant who only accept cash, obviously for tax reasons...

In my area of the US - almost everyone takes a credit card - even the people cutting the lawn. I think that it really matters on who the business owner is and if they want to or desire to stay modern. At least in the US - there is still a large market of people who live with the mindset of 'cash is king' and because those people still represent 20-25% or more of the buyers market - but as that market ages the service providers will have to change. I am "younger" at 38 and most of my friends who are my age or younger are cashless for the most part and I see the younger generation getting even more cashless.

[DonRickles]

Hard finding a bookie that accepts plastic?

[shaunylw]

Amex for everything i can. I always carried cash, mostly for golf, pre covid. Now, i never have cash. I leave a little bit in my golf bag but outside of that, cash is becoming a hassle.


Sent from my iPhone using Tapatalk

[rmagoo57]

Both. Whatever is easier. Cash for small purchases. When golfing, I can't buy a beer on the 3rd hole from the beverage cart with a card. Gotta pay off or collect bets in cash! I tip in cash - dinners, drinks, etc. Haircut, cash. I pull out $300 ish a month and it goes. Gas, food, supplies, etc., credit card, pay it off every month.

[ROlesorusLEX]

Card, but always keep a grand in cash. Enough that if something goes wrong like an outage, I can get to where I need to go. Small enough that if it's stolen, it won't hurt. Plus need gambling money for golf, cards, etc.

Not to mention if you are mugged, if the mugger goes away happy, they may be less likely to harm you. Seems logical, but I've never been a mugger, either. . .

Sent from my IN2025 using Tapatalk

[PanosI]

Since I bought my AW I pay everything and everywhere with my watch. I don’t even carry wallet or credit cards anymore.


Sent from my iPad using Tapatalk

[MrGoat]

Originally Posted by PanosI

Since I bought my AW I pay everything and everywhere with my watch. I don’t even carry wallet or credit cards anymore.


Sent from my iPad using Tapatalk

I’d feel naked giving up my wallet. “Spectacles, testicles, wallet and watch” is a mantra a good friend of mines dad used to beat into our heads. Every morning before I leave the house I think of it.


Sent from my iPhone using Tapatalk

[PanosI]

Originally Posted by MrGoat

I’d feel naked giving up my wallet. “Spectacles, testicles, wallet and watch” is a mantra a good friend of mines dad used to beat into our heads. Every morning before I leave the house I think of it.


Sent from my iPhone using Tapatalk

Ha ha. We are talking freedom. You can leave home ONLY with the AW. You can even leave the phone at home

[904VT]

Originally Posted by marlopez

Do you use your credit card or cash for daily purchases?
I always use my credit card with the mentality to build up points even on non-bonus point purchases. But now I’m considering going back to cash for everything (except for purchases with point bonuses) to set a further example for my kids to budget and that you don’t just swipe a card and you get whatever you want.

This could be a moot point considering it seems retailers are more and more getting away from even accepting cash and also not much is open here in Los Angeles due to the pandemic.


Sent from my iPhone using Tapatalk

Electronic payments also gives big tech an advertiser profile of your purchases that they can then sell to advertisers. Another benefit to the merchants at the detriment of the consumer.

[904VT]

Originally Posted by kaiserphoenix

Cash is too dirty with loads of bacteria and viruses on them.

I agree cash can be dirty. But is that any different than what has been going on for years? If anything, money supply is greater and velocity of money is down. So cash should be cleaner now than it has been historically.

[Chewbacca]

Originally Posted by DonRickles

Hard finding a bookie that accepts plastic?

Reported!!!

[enjoythemusic]

Isn't that why we have Bitcoin?

[marlopez]

Originally Posted by 904VT

Electronic payments also gives big tech an advertiser profile of your purchases that they can then sell to advertisers. Another benefit to the merchants at the detriment of the consumer.

Since the pandemic, my junk mail has increased due to restaurants emailing me whom I never signed up for promotional emails. They are people who I have paid with Apple Pay/Square/etc.


Sent from my iPhone using Tapatalk