Cash Or Credit - Page 16

**snowy25** · September 23rd, 2015, 09:36 AM

Quote:

Originally Posted by J J

Although not massive percentages, they are surely enough for the cc company to not cancel your card are they?

The risk is less now as its not been done for a few years and there are more and more people who do not pay their bills in full. However there is nothing to stop another card company doing what Egg did a few years ago. They stopped the cards of over 160,000 people who paid their bills on time each month in full. They basically want people to spend more than they can immediately pay back because in many cases those people have the higher interest rate cards. For example some will be paying an apr of over 35% compared to others paying as low as 6.4%. You will also find card companies continually increase peoples limits if they are spending a lot but paying the minimum back because they want them to spend even more.

**trailmaster** · March 17th, 2016, 12:17 PM

I use cash to pay for anything in a store that is less than $100.00. If it is more than that I then use a credit card. In these days of Identity theft it does not pay to carry and even use a credit card too often. I once heard that people that use credit cards very often and also use debit cards and use ATM machines are more likely to have their identity stolen that those people who don't use those things often. I also will use a credit card to but something online, but I don't use my bank credit card for that. I use a different card. I read once that if one makes purchases online with a credit card it should be with a card other than the bank card. This also has to do with identity theft.

**Jake Gittes** · March 17th, 2016, 05:21 PM

Cash mostly for me too.

For me, it helps keep my spending habits in check and like most other members have already said, it doesn't leave a paper trail behind you.

But there are certain things I use a credit card for because there are special deals, at least here in the U.S., where if you charge enough on your card, you get money back at the end of the year.

Plus credit card companies here in the U.S. are very good at catching fraudulent purchases on your account!

Definitely a credit card for gas and groceries and online purchase, and cash for the rest!

**pharoahegypt** · March 17th, 2016, 06:47 PM

Cash 95% of the time. I never spend what I haven't got. I only use my debit card if there is no handy atm, and never use credit cards.

If I ever need more I have a couple of good friends I can borrow from until I have it, or just save up for what I need. I've not purchased anything in the past ten years on the 'never-never', and likely never will again. Got myself into a small rut before then, and don;t like to make the same mistake twice... it hurts.

What infuriated me recently, was in my bank sending me one of these new cards where I don't even need to enter my pin; when I complained they said it was the only sort they were now doing. Hate the thing, and only carry it if I have need to use it that outing, or leave it at home. How can these new cards be secure if they can just be swiped over an electronic gizmo without having to prove its your card any more? Incredulous!!! (contactless i think they call it?)

**9876543210** · March 17th, 2016, 11:41 PM

Just wondering.

Has anyone with a credit or debit card bought one of those wallets that are supposed to make sure you cannot be scanned? Went out looking for one a little while back and really couldn't find diddly locally. Looks like online is about the only place to find one.

MaxJoker · January 18th, 2017, 03:13 PM

Neither ! ,

Thanks to my Great Grand-Vater HermanVonJoker

**snowy25** · January 19th, 2017, 03:41 AM

I have conducted a little experiment over the last few months with a new credit card I applied for. Initial credit limit of £5K with no interest for 24 months. So instead of using cash I used my card for everything including my future break away and ran a bill of around £3.5K up. I can pay it all off as the money to do so sits in my bank account but I chose to pay the minimum amount. That amount is around £35 a month whilst no interest is being added. After 3 months of doing that I have now been offered a credit limit rise that would give me a total limit of £7.5K. Now they do not know I have the funds to pay the full amount off, all they see is the minimum being paid. Yet they still offered me the chance of another 50% more credit. As I wrote earlier credit card companies want you to be in as much debt as possible and are willing to throw money at you.

**old alal** · January 19th, 2017, 08:47 AM

Interesting snowy25. When I used my Credit Card frequently, my limit was raised automatically over time. I used it as a charge card and paid off the balance each month. I have never paid interest. I was charged interest once for a late payment, but complained and had it refunded. I rarely use the card these days, and the Bank has written to me to lower my limit, so I guess they are assuming some responsibility al last. I left it high as you never know when you might need it, and they were happy to do so.

I use it for most purchases, mainly for the security it adds to any transaction, but I simply let Mrs alal do most of the shopping.

**Sir Honkers** · January 19th, 2017, 09:56 AM

Don't have a credit card. I use to use cash, but with touch and go available everywhere now, a card is more convenient and since it's a debit card linked to our bank accounts, we can only spend what's in the account.

Estreeter · January 19th, 2017, 10:18 AM

Quote:

Originally Posted by loosegoose

we can only spend what's in the account.

I might be wrong, hasn't that got a $100 limit ??? or had one before ???

March 17th, 2016, 05:21 PM	#153
Jake Gittes Swimming in Ecstasy Join Date: Jun 2010 Location: Skinny dipping with mermaids in a beautiful, uncharted tropical paradise Posts: 6,099 Thanks: 145,511 Thanked 106,609 Times in 6,180 Posts	Cash mostly for me too. For me, it helps keep my spending habits in check and like most other members have already said, it doesn't leave a paper trail behind you. But there are certain things I use a credit card for because there are special deals, at least here in the U.S., where if you charge enough on your card, you get money back at the end of the year. Plus credit card companies here in the U.S. are very good at catching fraudulent purchases on your account! Definitely a credit card for gas and groceries and online purchase, and cash for the rest! __________________ If you come across a dead link in a post, PM the OP to see if it can be re-uploaded To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. Please consider adding a note in your signature if you can re-upload your photos/video links To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. Please PM me if any of my posts are down To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. Life is easier when you don't take it too seriously To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

March 17th, 2016, 06:47 PM	#154
pharoahegypt Vintage Member Join Date: Dec 2007 Location: Middle England Posts: 4,492 Thanks: 10,176 Thanked 43,624 Times in 4,155 Posts	Cash 95% of the time. I never spend what I haven't got. I only use my debit card if there is no handy atm, and never use credit cards. If I ever need more I have a couple of good friends I can borrow from until I have it, or just save up for what I need. I've not purchased anything in the past ten years on the 'never-never', and likely never will again. Got myself into a small rut before then, and don;t like to make the same mistake twice... it hurts. What infuriated me recently, was in my bank sending me one of these new cards where I don't even need to enter my pin; when I complained they said it was the only sort they were now doing. Hate the thing, and only carry it if I have need to use it that outing, or leave it at home. How can these new cards be secure if they can just be swiped over an electronic gizmo without having to prove its your card any more? Incredulous!!! (contactless i think they call it?) __________________ Arguing with a intelligent person is hard; but arguing with a stupid person is impossible!

January 18th, 2017, 03:13 PM	#156
MaxJoker Beloved Brother Join Date: Mar 2008 Location: Cemetery Gardens_Arterial Blood Lane_Rampton Secure Unit_Extra Violent F Wing_Cell 19 Posts: 69,106 Thanks: 372,713 Thanked 987,895 Times in 69,067 Posts	Cash Or Credit Neither ! , Thanks to my Great Grand-Vater HermanVonJoker __________________ My hypocrisy only goes so To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts.

January 19th, 2017, 08:47 AM	#158
old alal Veteran Member Join Date: Nov 2011 Location: UK Posts: 3,197 Thanks: 22,904 Thanked 35,082 Times in 3,165 Posts	Interesting snowy25. When I used my Credit Card frequently, my limit was raised automatically over time. I used it as a charge card and paid off the balance each month. I have never paid interest. I was charged interest once for a late payment, but complained and had it refunded. I rarely use the card these days, and the Bank has written to me to lower my limit, so I guess they are assuming some responsibility al last. I left it high as you never know when you might need it, and they were happy to do so. I use it for most purchases, mainly for the security it adds to any transaction, but I simply let Mrs alal do most of the shopping. __________________ Old alal's First Rule Of Breasts To view links or images in signatures your post count must be 0 or greater. You currently have 0 posts. When you've seen one pair of breasts.........you want to see every pair of breasts!

March 17th, 2016, 12:17 PM	#152
trailmaster Veteran Member Join Date: Sep 2013 Location: Chicago, Illinois, USA Posts: 59,927 Thanks: 1,329,392 Thanked 707,553 Times in 60,101 Posts	I use cash to pay for anything in a store that is less than $100.00. If it is more than that I then use a credit card. In these days of Identity theft it does not pay to carry and even use a credit card too often. I once heard that people that use credit cards very often and also use debit cards and use ATM machines are more likely to have their identity stolen that those people who don't use those things often. I also will use a credit card to but something online, but I don't use my bank credit card for that. I use a different card. I read once that if one makes purchases online with a credit card it should be with a card other than the bank card. This also has to do with identity theft.

March 17th, 2016, 11:41 PM	#155
9876543210 Veteran Member Join Date: Nov 2007 Posts: 4,044 Thanks: 24,638 Thanked 34,378 Times in 4,008 Posts	Just wondering. Has anyone with a credit or debit card bought one of those wallets that are supposed to make sure you cannot be scanned? Went out looking for one a little while back and really couldn't find diddly locally. Looks like online is about the only place to find one.

January 19th, 2017, 03:41 AM	#157
snowy25 Vintage Member Join Date: Oct 2008 Posts: 2,274 Thanks: 6,664 Thanked 23,144 Times in 2,260 Posts	I have conducted a little experiment over the last few months with a new credit card I applied for. Initial credit limit of £5K with no interest for 24 months. So instead of using cash I used my card for everything including my future break away and ran a bill of around £3.5K up. I can pay it all off as the money to do so sits in my bank account but I chose to pay the minimum amount. That amount is around £35 a month whilst no interest is being added. After 3 months of doing that I have now been offered a credit limit rise that would give me a total limit of £7.5K. Now they do not know I have the funds to pay the full amount off, all they see is the minimum being paid. Yet they still offered me the chance of another 50% more credit. As I wrote earlier credit card companies want you to be in as much debt as possible and are willing to throw money at you.

January 19th, 2017, 09:56 AM	#159
Sir Honkers Veteran Member Join Date: Jan 2009 Location: Land Of Glorious Leader Posts: 30,418 Thanks: 287,352 Thanked 386,902 Times in 30,374 Posts	Don't have a credit card. I use to use cash, but with touch and go available everywhere now, a card is more convenient and since it's a debit card linked to our bank accounts, we can only spend what's in the account.