Credit Card Debt increasing quickly.....

acerbits · Dec 11, 2007

I use my amex/visa for everything, even if it costs a buck. I have no reason to use a debit card, credit cards come with much better protection.

a529612 · Dec 11, 2007

Quote from acerbits:

I have no reason to use a debit card, credit cards come with much better protection.

Exactly. If a deal goes sour, just do chargeback. Try that with cash or debit card.

Also, credit card is like a 1 month interest free loan if you pay your bills in full.

Dr. Zhivodka · Dec 11, 2007

I buy everything with my AMEX Black Card. 25-40K per month...Debit cards are a low rent joke.

o10maximus · Dec 11, 2007

Quote from acerbits:

I use my amex/visa for everything, even if it costs a buck. I have no reason to use a debit card, credit cards come with much better protection.

Exactly. W/ the added protection and rewards only the less then informed would go a different route.

acerbits · Dec 11, 2007

Quote from Dr. Zhivodka:

I buy everything with my AMEX Black Card. 25-40K per month...Debit cards are a low rent joke.

Amex black is so over rated. $2500 Annual fees... nah... I think I'll stick with Amex blue cash or get something really exclusive like stratus visa.

Allen3 · Dec 11, 2007

Quote from blackjack007:

that's a crummy money market account if it can't even beat the rewards on a cc. i have one of those 1%/5% cards and the rebate typically amounts to 2.0~2.5%.

mma's are returning >4%.

Pay your taxes and take out the inflation for the year that the money is tied up and what is your return even at the 5% we made last year? When I look at my inflation not the Gov data, my savings seem to be wilting even though I keep saving and the numbers go up.

Dr. Zhivodka · Dec 11, 2007

We enjoy the luxury of being airlifted out of whatever place we may be for whatever reason at anytime. Plus the 24/365 phone call concierge is fairly handy too.

I shit on $2500.

Don't anything about the Visa you refer to.

Quote from acerbits:

Amex black is so over rated. $2500 Annual fees... nah... I think I'll stick with Amex blue cash or get something really exclusive like stratus visa.

Eliot Hosewater · Dec 12, 2007

So if I get a defective latte at Starbucks, I can cancel the payment if I used my Visa card?

ASusilovic · Dec 12, 2007

Quote from Dr. Zhivodka:

We enjoy the luxury of being airlifted out of whatever place we may be for whatever reason at anytime. Plus the 24/365 phone call concierge is fairly handy too.

I shit on $2500.

Don't anything about the Visa you refer to.

Proposal for a Christmass present :

http://www.vertu.com/en/

Vertu Concierge

Every vertu handset connects directly to the exclusive Vertu Concierge service. At the touch of a dedicated buttom, personal assistance is on hand, 24 hours a day.

makloda · Dec 12, 2007

Quote from Eliot Hosewater:
So if I get a defective latte at Starbucks, I can cancel the payment if I used my Visa card?

You can order $1000 worth of items from Amazon.com, have your buddy/poolguy/etc. sign when the FedEx comes, then call your bank 2 weeks later and dispute the charges ("I have never made this charge, I would like to dispute this asap"). You will get your money back as there is nothing Amazon can do since its a "card not present" transaction. The merchant carries all the risk.