Carrie - I am interested in everything everyone on here has to say
As for Credit Cards, I do know a few people that struggle with debt that once they paid off their CC debt, the refused to get another CC. I think if you know that is a weakness for you, then it is better not to have one. We use CC's all the time, but only if we have the money to pay the balance off in full when the bill comes due.
Debit cards are the equivalent of credit cards from a trackability or footprint perspective, though. You just aren't getting any rewards.
Agreed. I love the debit card purchasing because it saves me a step of paying the bill later, but it's just as trackable and often reads like a credit card to the vendor anyway.
It's all spying of one sort or another, whether for capitalist purposes or otherwise.
70% of the U.S. population now lives in a state where same-sex marriage is legal. At 36 and counting!
My husband or I literally would not be hireable if we refused to have a credit or debit card. We could not book flights, pay for client dinners, get reimbursement etc.
I don't see it as a rich or poor thing, its just about how people choose to use points or rewards. Putting all of ones monthly expenses on a credit card vs a debit card adds up. And I disagree that using debit makes purchasing easier to track. In fact, our credit card automatically tracks our spending, even graphing it into categories for us. Incredibly useful from a budgeting perspective.
ETA: The bolded is a pretty rude statement, Stacey, I didn't really notice it before. My husband flies all the time for work. He stays in hotels 60 nights a year. You may not "care" about getting a free weeks vacation for a family of 5 as a result of those things, but my family sure does. We aren't "rich" enough to throw away a benefit like 7 nights at a 5 star hotel and free flights for 5 because we prefer to use credit over debit when they cost us the SAME since we pay off our credit bill monthly. And if you pay a premium its because you don't have the discipline to pay off your credit card monthly or aren't smart enough to get a credit card that doesn't charge an annual fee. My "free" things don't cost you anything.
Last edited by Potter75; 06-10-2013 at 04:16 PM.
We are big on the grocery card / gas rewards too! Love them!! Most of the other stores' reward programs here are associated with your home phone # which is convenient for us.
I do admit to finding it a bit strange to have received an email from a business that I KNOW I never signed up with promoting "products they thought I'd be interested in." We had recently made a one time purchase there using a debit card -- but again NEVER gave them any other information. The products in the email were related to that particular purchase. It just felt odd to receive that type of marketing out of the blue.
I do believe that we have relinquished more of our privacy than I would like. Granted - I'm in the process of rereading Orwell's "1984" with one of our kids. LOL
As this issue relates to the government what I find most disconcerting are the levels of secrecy. I think there was a comment on the article which pointed out the irony in the lack of transparency of *public* officials in regards to the rights of *private* citizens. (FTR - I view this as an issue that has been chipped away at for decades but feels as if it has been escalated on a fast track.)
Yep, gas rewards here too! And, also have never had someone not let me use the store rewards card (or the card of the person behind me) if I'm in an unfamiliar store...for example, when travelling. Plus, you can get one at most stores without even filling out the program card....they expect that you will fill it out and return it if you continue to shop there. The stores mainly use these programs for data mining....to know who is shopping, how often, and what they are buying. Sure, they jack up the prices and then drop them back down with the card, but I don't believe their primary objective with a loyalty card is to price gouge the people who don't have one. Not to mention, I'll use a card any day over shopping at Walmart! (please, don't get me started again, lol)
And, we specifically pick our credit cards based on the rewards (some give more cash back for restaurants, some give more for gas, etc). We have 1 credit card that we use the most, whose cash back reward almost funds our vacation each year. We have never paid a cent of interest on that card, or an annual fee. I disagree that this is the poor funding the rich....the irresponsible funding the responsible is more like it. If I can responsibly use a card to get rewards, I see absolutely no reason not to. Credit cards aren't going to go away, since my family can use them responsibly I don't see the point in refusing to get the rewards because they are potentially provided on the backs of people who have wracked up things they can't pay for and then pay high interest because they have a bad credit score. I do get that there are sometimes unavoidable circumstances for using credit (layoff, medical bills, etc) but I'm pretty sure the majority of the people that "fund" my rewards are those that use credit irresponsibly.
To Melissa's point, I am also essentially unemployable in my field without a credit card. Very few companies provide company cards these days....expense and reimburse is the way the corporate world works, for the most part, and I don't keep the cushion in my savings to fund a $3,000+ conference, health fair, etc until I get reimbursed.
Lastly (am I a secret credit card spokesperson???), some cards, such as American Express, provide additional warranties, etc when you pay with their card for large ticket items...and MUCH easier and more convenient to get fraud cleared up on a credit card then on your debit card when it has come straight out of your checking account. DH and I actually have a policy to never use our debit card for online purchases.
I will take all of this, and the government is free to track my purchases. I still don't "get it".
CARRIE and DH 7/14/07