Current Events > C/D: You still use a debit card for purchases

(+) Yeah! (+)

C

seems like no one wants to use them anymore. its always credit cards.

I guess people love being in debt?

Only in Daly city where I have no connections but still end up with ghetto hood rat Philippines girls every night

ScionTC_07 posted...

I guess people love being in debt?

How do you think credit cards work scion

I use debit. I got declined for a credit card. But I didn't want it anyway. I just wanted the $15 off my purchase

Nerevar791 posted...

How do you think credit cards work scion

I was always taught growing up that you only use them if you dont have money and you need to borrow it

My bank charges me if I make more than like, 30 purchases with my Debit card in a month so I can't use it as often as I probably would otherwise (back when I had a student account this wasn't an issue and I used it all the time)

No. Seems silly to do it when credit cards have a higher safety net, and you get rewards. Only reason to go full debit is if you're bad with money management, but anyone like that probably wouldn't be smart enough to do it.

D.

I always pay them off and have autodraft setup if I would happen to forget, which has never happened in the 6 years I've had the card.

Although I do get 2% cash back on all purchases. Which has added up over the years.

I use credit cards because of the perks

ScionTC_07 posted...

I was always taught growing up that you only use them if you dont have money and you need to borrow it

lmfao

ScionTC_07 posted...

I was always taught growing up that you only use them if you dont have money and you need to borrow it

I used to think like that, and was afraid to get a credit card because my parents had a lot of debt growing up.

And then I had to travel and the hotel wouldn't take my debit card.

I use my credit card for little more than like, buying a coffee. Easy to pay off every week or two and its not a big issue.

D

My husband and I both have credit cards, but we only use them for specific payments and as a last resort for anything else. Cash and debit have covered things for us fine. For different reasons, neither of us like using credit. For me, it's anxiety and unfamiliarity. For him, it's principle and experience.

We both make favorable income anyway. We rarely need to use credit...and as far as I'm concerned, that's where most people should be. That's what they should be working towards. I wouldn't be relying on credit during a nation's iffy economy anyway.

ScionTC_07 posted...

I was always taught growing up that you only use them if you dont have money and you need to borrow it

and then when you got old you realized that what you were taught was dumb, right?

D. Pay everything in credit and pay off the card in full every month. There's really no reason to not use a credit card unless you're not eligible for one.

WaterLink posted...

and then when you got old you realized that what you were taught was dumb, right?

Yeah only using your credit card if you have no money is like, the time you shouldn't be using a credit card.

Smashingpmkns posted...

D. Pay everything in credit and pay off the card in full every month. There's really no reason to not use a credit card unless you're not eligible for one.

This. You just have to check your balance sometimes to make sure youre not spending more than you can pay for. I have a debit card, but its really more of an ATM card than anything. I use it when something goes wrong with my credit card because I usually dont carry cash.

CCs are literally free money from rewards as long as you have even a modicum of self control. Just use it like you normally would with your debit card and pay off the balance once a day or every few days. I bought my golf clubs, two flights to Vegas, and have another ~$200 in points sitting there growing every month.

Just don't be an idiot. That's it.

Proto_Spark posted...

My bank charges me if I make more than like, 30 purchases with my Debit card in a month so I can't use it as often as I probably would otherwise

For the love of god, ditch that shithole bank. We already get charged by payment card processors and transaction fees and service fees just for the ability to use our money, don't let your bank charge you too. That's horse shit.

PatrickMahomes posted...

CCs are literally free money from rewards

This is actually not technically true. You pay for those rewards regardless of whether or not you use a credit card. They're basically baked into the prices of everything now. Which is even more of a reason to always use a credit card. Otherwise you're just paying for someone else's rewards essentially.

It's actually an incredibly fucked up system lmao but if you don't participate then you're just straight up leaving your own money on the table.

ScionTC_07 posted...

I was always taught growing up that you only use them if you dont have money and you need to borrow it

I hope you realized this was incorrect shortly after being able to use one

If not, yikes.gif

Wait a fucking minute how do you build credit then?

I do, but mostly because by the time Ive paid I forgot I have a credit card. Lol

I usually pay for gas with a CC.

TC fucked up lmao.

i am 0 dollars in credit card debt
been using a credit card all year
so far ive built up 13000 Capital One Miles

once i get to 40k, Korea here i come!

cash iz king

MixedRaceBaby posted...

TC fucked up lmao.

i am 0 dollars in credit card debt
been using a credit card all year
so far ive built up 13000 Capital One Miles

once i get to 40k, Korea here i come!

What credit cards can you get after filing bankruptcy?

I know no one that doesn't use debit

ScionTC_07 posted...

I was always taught growing up that you only use them if you dont have money and you need to borrow it

Sorry you never learned better.

And
D

Cant remember the last time I used my debit card for anything. Credit cards for all purchases. Rack up the cash back.

Think the only reason I have a debit card still is for getting cash out the bank which isn't all that often.

D. I've been pretty much using my credit cards for everything these days. All but one of them have some sort of cash back incentive, so it's handier than my debit card.

C

theres no good credit cards in Aus. The fees outweigh whatever tiny bonus you get for using it. May as well use a debit card

So long as you don't keep more than "fuckoff" money in the associated account, debit is harmless.

MC_BatCommander posted...

What credit cards can you get after filing bankruptcy?

Capital One gave us their Platinum card right off the bat. 3000 dollar limit.

then i got some from smaller credit card companies: Mission Lane, and Ollo.

after a couple months they all raised their credit limits, and in the case with Capital One, they let us upgrade the card to a Venture One

D.

Use a credit for everything. Pay it off right away. I've had this card since 2017 and have paid a total of $0 in interest. Got a TON of money in cash back. Literally free money.

I use my credit card for everything and pay it off as soon as its done processing.
free cash back
@_BlueMonk

edit: i see you are already schooling people in this topic

Never

Idk why anyone still takes anything Bluemonk says about finances seriously

D

credit cards offer perks / rewards and more consumer protections. ex reversing a charge on a credit card is trivially simple (usually), but getting funds put back into your account is a PITA.

i don't go into 'debt' when i use a CC because i'm responsible with my money and don't spend what i don't have.

I only carry 1 of my 3 debit cards anymore and that's just if I need to get cash from an ATM for some reason.

Otherwise I use credit cards to buy everything I can. Have one for 5% cash back on groceries, another for 3% back on gas, and a third for 2% back on everything else.

Pay them off once a month when I get emailed about the statement being posted.

Yeah only time I use debit is for an ATM or for Arco (most around here don't take credit)

only at the dispensary since they don't take credit cards

I get 2% cash back on my CCs so I use them for everything else

C

I don't have a credit card

ScionTC_07 posted...

I was always taught growing up that you only use them if you dont have money and you need to borrow it

You were taught wrong then lmao. The best strategy is to use the card for bills you pay anyway and then pay it off at the end of the month. You get rewards and your credit gets boosted. I'll also use my credit cards for a big purchase like a new gun or car work and then just pay it off before it starts accumulating interest for the same reason.
Not utilizing credit just screws you down the road when you want to buy a house or car, if you can even get approved you're paying exorbitant interest rates.

You should find whoever told you that and punch them right in the back of the head.

Smashingpmkns posted...

D. Pay everything in credit and pay off the card in full every month. There's really no reason to not use a credit card unless you're not eligible for one.

only thing I can think of is of they charge you fees, unless whatever reward/cashback exceeds the fee.

We use a debit card, but we're going to need to pick up a CC eventually. Running into too many issues with debit card limits, places that simply don't accept debit cards, etc.

Arcanine2009 posted...

only thing I can think of is of they charge you fees, unless whatever reward/cashback exceeds the fee.

The vast majority of cards do not have a fee.

I've always been very "defensive" with using a credit card. Paying it up every week to make sure I never miss a payment.

Rewards, maybe small as they are, beat my interest gains from my bank savings account considerably. Reality with money is you just shouldn't pass up any percentage of gains, especially when it requires minimal effort (making the payment with the money you would've used with a debit card/cash anyway).

Also, me checking my balance every week is fast look at my spending.

A CC is only as good/bad as its user.

C.

I use debit for everything

Nerevar791 posted...

The vast majority of cards do not have a fee.

no, I mean the vendor charging you fees to use said credit card.

My credit card just stopped working for any purchase not online, so I do now.