49 Unique Guild Members 14 Level 100 characters 401 Website/Forum Members 0 Posts in 24 hours 0 Posts in 7 days 84313 Total Posts Nelthilta is the last poster
49 Unique Guild Members 14 Level 100 characters 401 Website/Forum Members 0 Posts in 24 hours 0 Posts in 7 days 84313 Total Posts Nelthilta is the last poster
Credit is risk. Unnecessary risk. You can spend a thousand bucks to get your 1% cash back reward of ten dollars... but you have assumed a thousand dollars worth of risk to get ten bucks. Sorry, you're still a loser.
I see no harm in that, I don't spend money I do not have. I just don't like to carry cash, it's a safer way to spend my money.
It IS a much safer way to pay for things...You lose your wallet, you call and that money is secured. If someone spends that money, you call and they won't bill you. If you get a lemon, you call and put the purchase in dispute. None of these are guaranteed with cash or check. With credit you do.
And pretty much one of the only methods of paying for services online (yeah Paypal too, but many places don't do paypal).
Credit Cards, when used properly and paid in full every month are big benefits. Even when I have my emergency fun set aside, I'll still do almost all my payments with credit.
actually the federal reserve is trying to get people away from checks and other forms of paper payment b/c it's a bitch for them to process it.
electronic money is gonna be the dominate form of payment in the future and why use a debit card when you can use a credit card and build your credit rating?
it actually works in your favor if you are not an idiot and spend more than you have on things that provide little if any return in the future.
i see all the shit credit card companies do to get young college kids in their schemes and a lot of the kids fall for it and their parents have to bail them out of it. but let's face it, if it wasn't credit problems it would probably be something else equally as dumb that they did that their parents would have to bail them out of.
I see no harm in that, I don't spend money I do not have. I just don't like to carry cash, it's a safer way to spend my money.
It IS a much safer way to pay for things...You lose your wallet, you call and that money is secured. If someone spends that money, you call and they won't bill you. If you get a lemon, you call and put the purchase in dispute. None of these are guaranteed with cash or check. With credit you do.
And pretty much one of the only methods of paying for services online (yeah Paypal too, but many places don't do paypal).
Credit Cards, when used properly and paid in full every month are big benefits. Even when I have my emergency fun set aside, I'll still do almost all my payments with credit.
All of these benefits you describe are also available with debit cards, which represent actual money that you have, not an instantly approved loan you "plan to pay off this month".
You keep arguing for credit cards, but you're only repeating the stuff you've been indoctrinated with. Debit cards are just as safe and easy to use. The security and protections guranteed by the Visa or Mastercard logo also carry over to debit cards with the same logo (theft, fraud protection, dispute resolution, etc.).
You keep arguing for credit cards, but you're only repeating the stuff you've been indoctrinated with. Debit cards are just as safe and easy to use. The security and protections guranteed by the Visa or Mastercard logo also carry over to debit cards with the same logo (theft, fraud protection, dispute resolution, etc.).
True. But Debit cards rarely offer cash-back rewards, which do add up. As long as you pay it back, which many don't, including myself.
You keep arguing for credit cards, but you're only repeating the stuff you've been indoctrinated with. Debit cards are just as safe and easy to use. The security and protections guranteed by the Visa or Mastercard logo also carry over to debit cards with the same logo (theft, fraud protection, dispute resolution, etc.).
True. But Debit cards rarely offer cash-back rewards, which do add up. As long as you pay it back, which many don't, including myself.
Debit cards also don't offer 20-30% interest rates on all your purchases. Sure, you can make 1% back for your monthly expenses. But screw up just once and you're caught in the trap. Why do you think they offer rewards? Camera is not the first to believe he can "beat the system". That's the appeal of the rewards, and it's why they are offered. Creditors know that the vast majority of people will believe they can beat the system. Maybe Camera is in the very small percentile that never slip up... all I'm saying is the odds are against.
By the way, I am superb at borrowing money. My credit score is 804, which is kind of like scoring a 97 on a 100 point scale. It's a fantastic score, but not one I'm proud of considering its implications.
You keep arguing for credit cards, but you're only repeating the stuff you've been indoctrinated with. Debit cards are just as safe and easy to use. The security and protections guranteed by the Visa or Mastercard logo also carry over to debit cards with the same logo (theft, fraud protection, dispute resolution, etc.).
True. But Debit cards rarely offer cash-back rewards, which do add up. As long as you pay it back, which many don't, including myself.
Debit cards also don't offer 20-30% interest rates on all your purchases. Sure, you can make 1% back for your monthly expenses. But screw up just once and you're caught in the trap. Why do you think they offer rewards? Camera is not the first to believe he can "beat the system". That's the appeal of the rewards, and it's why they are offered. Creditors know that the vast majority of people will believe they can beat the system. Maybe Camera is in the very small percentile that never slip up... all I'm saying is the odds are against.
I'd say that it's a "risk vs reward" thing. You have that risk, but if you can minimize it, you're golden. The odds are against him, no doubt. The odds are against you at a casino too, but if you learn the proper card counting methods, you can tip the game in your favor by a percent or two. In the long run, it adds up, but it takes work. You can't just follow basic strategy and win in the long run, you have to base your bets on the odds of you winning the next hand, which requires observation, patience, and very strong estimation and calculation skills. Some people do it for a living, while others lose big.
At least paying your credit card bill every month is easier than that.
By the way, I am superb at borrowing money. My credit score is 804, which is kind of like scoring a 97 on a 100 point scale. It's a fantastic score, but not one I'm proud of considering its implications.
Holy shit. 804? Fuck me in the goat ass.
I wonder what my credit rating is. I think I hit a few rocks a few years ago, but I haven't missed a house payment, and those are supposedly really good for your credit.
You keep arguing for credit cards, but you're only repeating the stuff you've been indoctrinated with. Debit cards are just as safe and easy to use. The security and protections guranteed by the Visa or Mastercard logo also carry over to debit cards with the same logo (theft, fraud protection, dispute resolution, etc.).
True. But Debit cards rarely offer cash-back rewards, which do add up. As long as you pay it back, which many don't, including myself.
Debit cards also don't offer 20-30% interest rates on all your purchases. Sure, you can make 1% back for your monthly expenses. But screw up just once and you're caught in the trap. Why do you think they offer rewards? Camera is not the first to believe he can "beat the system". That's the appeal of the rewards, and it's why they are offered. Creditors know that the vast majority of people will believe they can beat the system. Maybe Camera is in the very small percentile that never slip up... all I'm saying is the odds are against.
I'd say that it's a "risk vs reward" thing. You have that risk, but if you can minimize it, you're golden. The odds are against him, no doubt. The odds are against you at a casino too, but if you learn the proper card counting methods, you can tip the game in your favor by a percent or two. In the long run, it adds up, but it takes work. You can't just follow basic strategy and win in the long run, you have to base your bets on the odds of you winning the next hand, which requires observation, patience, and very strong estimation and calculation skills. Some people do it for a living, while others lose big.
At least paying your credit card bill every month is easier than that.
Or, instead of gambling at a casino or with credit cards, you can eliminate the risk and use cash. Peace of mind is worth the absence of risk. Invest the extra -- introduce smaller risk with higher returns. One thing I can guarantee you, though... nobody has ever gotten rich off their reward points.
paying with debit cards does not boost your credit rating.
i dont have a credit card for the cash back rewards or the gimmicks they throw in.
i have it b/c it can boost my credit raiting which in turn allows me to get lower rates on car loans, mortgages, so on and so forth.
it will start paying dividends in the future when i have to borrow more.
im not trying to beat the system, i learned long ago that you cannot beat the system, you can only minimize how much the system beats you.
it's all about building the good credit rating and not buying more than you can afford.
if i go to the grocery store and i have 150 dollars to spend, i know it's there in my account for me to use and i have a credit card and a debit card, in my opinion you would be a fool to use the debit card but you would also be a fool to use the credit card if you didn't have the money in your account.
i'll take my 30 day interest free loan and bonus to credit rating over just paying with straight cash.
i want to buy a car but now i have to buy one in cash cuz i have no credit LOL life sucks
