Never Pay Cash for Anything

[TheGoonior]

Quote from GTS:

Have you ever had your credit card number stolen?

I have, its not a big deal. You tell the credit card company you didn't make the purchase/authorize the charge. They take it off your bill. They send you a new card. Life goes on.

If you want to deal with keeping cash on you and with change that's fine, I'll keep using my credit card for everything I can (and get paid at least 1.25% on every transaction).

That's for sure. I've had my number grabbed once overseas where they ran up about $5k and it was basically a "did you charge this? Nope, OK, how about this? Nope. Ok" In fact, I did actually buy a computer in between some of the purchases and could have pawned that off as a fraudulent charge if I'd wanted to.
It's in their best interest to keep customers happy. There's too many options out there and since most people carry a balance, I'd imagine that even with the hefty fraud losses, the interest off of those 10-20% cards more than make up for it.

 

[peilthetraveler]

Quote from GTS:



If you want to deal with keeping cash on you and with change that's fine, I'll keep using my credit card for everything I can (and get paid at least 1.25% on every transaction).

I do the same thing. I usually withdraw about $100 cash from the bank per month (for emergencies and places that dont take credit cards like AM/PM) and it usually always lasts to the next month or sometime after. I use my credit card for everything too although i get a better rate. 2% from HSBC on all purchases up to $25,000 per year.

 

[tenthousandmen]

Quote from nutmeg:

Sometimes when I get the feeling that I'm about to be screwed I pay with American Express. Amex doesn't f around.

Even when I bought a non refundable airline ticket (which I didn't use) I called americna express and complained. This delayed the payment for a couple months. Just to piss them off.

+1 all the way... American Express is something everyone with an SSN and more than $1,000 in their account should have.

Credit cards... yes they're nice to get your credit up since they most influence young people's credit scores, but honestly, do you think Donald Trump or Bill Gates have a BAC "black" rewards credit card?

AMEX all the way...