Anyone just not use credit cards at all?

[Anonymous]

More protection with credit cards.

[Anonymous]

DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

[Anonymous]

You Need A Budget

https://www.ynab.com/

[Anonymous]

Anonymous wrote:

Anonymous wrote:Autopay is the best. There are so many annoying little monthly accounts it’s nice not to have to worry about them.

I use cash primarily because I like to and I don’t care about risks vs benefits. I have a credit card and a debit card. My dh gives me $3,000 in cash every month because I’m not working and he likes to even though I don’t need so much money. I do deposit cash into my account when I have an excess in my draw.

Why on earth is he giving you cash? That's asking to be robbed.

Money launder

[Anonymous]

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

My. People request lines of credit from you? Fancy that!

This story has me picturing a tight-fisted, ill-educated Dickensian woman of low means living in a rundown neighborhood where she and her husband are loan sharks and who doesn't understand credit cards and doesn't realize she's lost out on enormous amounts of free money via cash back or free trips via points for flights and hotels.

I have never carried a credit card balance and always paid off in full at the end of every month. It's automatically done. I've gotten thousands back in cash back over the years as well as free flights to Europe. Don't think I've touched cash in years. And I have zero zip zilch debt.

[Anonymous]

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

So you miss out on protections of CC and the 1-3%+ of rewards. We get all of that, pay in full each month. In return, we got over $2K of rewards last year alone. Not to mention all the perks for airports with the AmexPlatinum or the Delta Reserve Platinum Amex---get most of what we pay for those cards back in basic rewards/credits and also get free access to multiple lounges.

[Anonymous]

Anonymous wrote:Use a credit card everywhere. When I was younger and only had a debit card I had my info stolen from a merchant who had a security breach because I used it for every purchase. The more places you use it the higher the chance it’ll get skimmed, it only takes ONE store to get hacked and now your info is in the hands of criminals.

It’s much worse to have actual money taken from your bank account than fraudulent charges made on your CC. Always use CC, it’s a great layer of protection against fraud.

THIS^^^ I wouldn't want to be waiting to get $1K+ back from my bank account (or even more in worst cases) vs just calling the CC and waiting for them to remove the fraudulent charges. With debit they actually can drain your Checking account and then you also have to reestablish your Checking account, and ALL of your automatic deposits and withdrawals. I'd prefer to avoid all those hours of stress and work (and hoping I get my $$$ back)

[Anonymous]

Anonymous wrote:

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

My. People request lines of credit from you? Fancy that!

This story has me picturing a tight-fisted, ill-educated Dickensian woman of low means living in a rundown neighborhood where she and her husband are loan sharks and who doesn't understand credit cards and doesn't realize she's lost out on enormous amounts of free money via cash back or free trips via points for flights and hotels.

I have never carried a credit card balance and always paid off in full at the end of every month. It's automatically done. I've gotten thousands back in cash back over the years as well as free flights to Europe. Don't think I've touched cash in years. And I have zero zip zilch debt.

You’re a low-level retail borrower. Doing well on a small scale. I, however, am a major institutional lender. I receive millions of dollars per day in income thanks to the aggregate desperation for leverage and spending exhibited by people such as yourself. Rule #1: always be the smartest person in the room!

[Anonymous]

[quote=Anonymous][quote=Anonymous]DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us. [/quote]

So you miss out on protections of CC and the 1-3%+ of rewards. We get all of that, pay in full each month. In return, [b]we got over $2K of rewards last year alone[/b]. Not to mention all the perks for airports with the AmexPlatinum or the Delta Reserve Platinum Amex---get most of what we pay for those cards back in basic rewards/credits and also get free access to multiple lounges. [/quote]

Kewl! You’re really pulling the wool over lenders’ eyes!! I guess the $1.8M I made yesterday by loaning to people like you really pales in comparison.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

My. People request lines of credit from you? Fancy that!

This story has me picturing a tight-fisted, ill-educated Dickensian woman of low means living in a rundown neighborhood where she and her husband are loan sharks and who doesn't understand credit cards and doesn't realize she's lost out on enormous amounts of free money via cash back or free trips via points for flights and hotels.

I have never carried a credit card balance and always paid off in full at the end of every month. It's automatically done. I've gotten thousands back in cash back over the years as well as free flights to Europe. Don't think I've touched cash in years. And I have zero zip zilch debt.

You’re a low-level retail borrower. Doing well on a small scale. I, however, am a major institutional lender. I receive millions of dollars per day in income thanks to the aggregate desperation for leverage and spending exhibited by people such as yourself. Rule #1: always be the smartest person in the room!

Banks don't post on DCUM. Thanks for the laugh, however. But it wasn't the laughter you might be thinking.

[Anonymous]

Anonymous wrote:The only reason I ever use a credit card is for the fraud protection. I pay off the balance weekly so that I have a 0 on my monthly statement (or close to 0 if I buy one or two things with it on the day before the statement date). I also never charge more than I have in my primary checking account with a minimum 1k buffer. Hth

I also like the 'rewards' (yes I know it is baked into the price). Get 2-5% on every transaction versus paying with a debit card.

Also I've never carried a balance other then when I was young and stupid.

[Anonymous]

I use my credit card for the rewards but I never put anything on it that I don’t have the money to pay at the time.

[Anonymous]

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

Lol. We pay the balances in full every month, Boomer. We aren’t borrowing money to buy fundamental things. I’m holding my money an extra 45 days longer than you on average and I get to collect interest on it before needing to pay the bill. Oh and I average about $10-$15k of free travel every year on the points I accumulate. Your lack of understanding of basic financial principles would be less shocking if you also weren’t so condescending in your ignorance.

[Anonymous]

Anonymous wrote:

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

Lol. We pay the balances in full every month, Boomer. We aren’t borrowing money to buy fundamental things. I’m holding my money an extra 45 days longer than you on average and I get to collect interest on it before needing to pay the bill. Oh and I average about $10-$15k of free travel every year on the points I accumulate. Your lack of understanding of basic financial principles would be less shocking if you also weren’t so condescending in your ignorance.

First, if you’re using a credit card, you’re literally borrowing money, dumbass. Second, how are you getting free travel by accumulating points?!? There’s no such thing. You’re either paying an annual fee or forgoing cash back or paying elevated prices to cover the credit card fees that are innate to your millennial metropolitan blind spot. Perhaps you should rely less on Googling social media websites and blogs to educate yourself and learn some basic skills in the areas of mathematical analysis, financial planning, and critical thinking. Oh millennials…does your stupidity know no bounds?

[Anonymous]

Anonymous wrote:

Anonymous wrote:DH and I only pay in full using cash. Unlike millennials, we don’t need to borrow money in order to buy the most fundamental of things. We neither seek nor desire credit, though many request lines of credit from us.

Lol. We pay the balances in full every month, Boomer. We aren’t borrowing money to buy fundamental things. I’m holding my money an extra 45 days longer than you on average and I get to collect interest on it before needing to pay the bill. Oh and I average about $10-$15k of free travel every year on the points I accumulate. Your lack of understanding of basic financial principles would be less shocking if you also weren’t so condescending in your ignorance.

Wow. You’re using credit cards to hold onto money for an extra 45 days to collect a little extra interest? For us, this would be like rummaging through dumpsters on the way to the country club to collect used soda cans for their deposits. The juice isn’t worth the squeeze, but if you’re counting pennies….