261–267 of 267 posts
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It really depends on the currency. The odds of Euros, say, going "bad" on a scale of months to years are fairly nonzero. Similar for currencies with high inflation rates.
You're not supposed to hang on to it for years. Surely you have to pay for transportation to the airport at least?
Earlier quoted context omitted.
You're not supposed to hang on to it for years. Surely you have to pay for transportation to the airport at least?
That depends. The last international flight I took, I walked to the airport in the origination country. ;)
Earlier quoted context omitted.
The other question is if this behavior is not in the end leading people to shift back to cash payments again. I never understood the popularity of offline credit card payments. In fact I never used my credit card for anything outside of online payments, except for one situation where I had to come up with a relatively large and time sensitive on-spot payment. This minor factor of not having to spend each week two min…
You buy laptops, TV, etc in cash? As for that article, I don't need to worry about some "insurance company" caring about my diet since I'm not American. I'm quite sure european privacy laws also forbid sharing of my purchase history outside of the bank.
Earlier quoted context omitted.
The other question is if this behavior is not in the end leading people to shift back to cash payments again. I never understood the popularity of offline credit card payments. In fact I never used my credit card for anything outside of online payments, except for one situation where I had to come up with a relatively large and time sensitive on-spot payment. This minor factor of not having to spend each week two min…
Your credit card always has exact change. If you lose your credit card, you don't lose any money. Errands suck. Why not remove an errand and a hassle from your life?
This is a problem with a solution: eschew credit for debit cards. Mine is 'visa-compatible' (and others), draws from my checking account.
...? Yes, Visa offer debit clearing as well as credit-card clearing. As do Mastercard (Maestro). How switching to a debit card would help, I'm not sure, unless it was a Visa debit ... and in which case, how's that different?
Were I foolish enough to pay money to spectate, I wouldn't even notice the VISA/Master Card thing.
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'In Free Market America, banks own YOU!' would be more appropriate. But wrong. Or at least 'they own the unwary and dumb'. I bank with a credit union, got rid of my credit cards in favor of debit, and working real hard to pay down my debt. Already I've bought two vehicles for cash. Now, granted, they were not _great_ vehicles, but they run and they're paid for. Looking forward to paying _cash_ for a really _nice_ (bu…
Why get rid of your credit cards? As long as you pay the balances in full every month, a modest selection of credit cards can easily lower your expenses by 3%, if not more. You can also accumulate a fair bit of free spending by trading out old cards for new ones with signing bonuses. Think of it like a free, untaxed $3-4,000 bump in salary.
Why did I?
Because it was too easy to use credit, not pay the balance in full. The debt built up. Things got out of hand.
And because I really did not like dealing with the credit card folk, even when I was in their good graces. Too much complexity.