![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
#51 | |
SFL Expatriate #2
Join Date: Nov 2008
Location: Raleigh, NC
Moto: CBR1000
Posts: 2,043
|
![]() Quote:
|
|
![]() |
![]() |
![]() |
#52 | |
Follower
Join Date: Nov 2008
Posts: 5,549
|
![]() Quote:
Myself, faster, rider and Homeslice have all stated that CC's can be beneficial if used properly (i.e. having the funds to pay in full when the statement is due). That wasn't good enough, until I saved a bunch of money by calling AmEx. I accumulated over 160,000 points in the last few years by charging everything from race tires to cell phone bills. Every month, I paid the bill in full. When we took our honeymoon, those points you poo-pooed paid for our airfare and three nights at a luxury spa. Unfortunately, no CC I know of offers huge saving off the bat. It is a benefit of using the card wisely. |
|
![]() |
![]() |
![]() |
#53 | |
Forum Coach
![]() Join Date: Feb 2008
Location: GA
Moto: 2006 GSXR 600
Posts: 7,419
|
![]() Quote:
If I am going to spend the money anyway, whether its at the end of the bill period or immediately on the purchase, why do I "need" to use "borrowed" aka credit to buy it? |
|
![]() |
![]() |
![]() |
#54 | |
Follower
Join Date: Nov 2008
Posts: 5,549
|
![]() Quote:
See post above yours. You don't "need" to. But if you choose to, there can be benefits. |
|
![]() |
![]() |
![]() |
#55 | |
Forum Coach
![]() Join Date: Feb 2008
Location: GA
Moto: 2006 GSXR 600
Posts: 7,419
|
![]() Quote:
No, I am not back tracking. I never "poopooed" your points, I simply stated that I can get similar benefits using my check card. And if I prefer not to use a credit card, and get those similar benefits instead through my bank account, that whats what I chose to do. And exactly like I responded, I reiterate, if its WORTH the savings, its something I would consider. Other than this wedding and the honeymoon after, in which the benefits would be awesome, there has not been any need in my life for me to get miles, or things of that nature. If i travel, its not far, and by bike or car. I fly maybe once a year, if then, so you tell me, what good would a card that gives me miles I would never use do me? (if i prefer to basically pay cash?) |
|
![]() |
![]() |
![]() |
#56 |
Moto GP Star
Join Date: Feb 2008
Posts: 12,156
|
![]()
Sometimes it's an advantage to borrow "free" money until the end of the month because some checking accounts pay interest on your monthly balance. The longer you can keep your own money the better off you are as long as you aren't paying interest on the "borrowed" money.
|
![]() |
![]() |
![]() |
#57 | |
Forum Coach
![]() Join Date: Feb 2008
Location: GA
Moto: 2006 GSXR 600
Posts: 7,419
|
![]() Quote:
![]() |
|
![]() |
![]() |
![]() |
#58 |
Follower
Join Date: Nov 2008
Posts: 5,549
|
![]() |
![]() |
![]() |
![]() |
#59 | |
Elitist
Join Date: Nov 2008
Location: SF Bay Area
Moto: Gix 750
Posts: 11,351
|
![]() Quote:
I've never understood why large banks like BOA don't have enough clout to produce a debit card without a Visa/MC logo. Can't they set up their own electronic transactional system and tell Visa/MC to take a hike? |
|
![]() |
![]() |
![]() |
#60 |
AMA Supersport
Join Date: Nov 2008
Location: Sydney
Moto: '98 Honda Fireblade
Posts: 3,696
|
![]()
I use one CC for every purchase earn 3% on the top 5 categories, and 1% on everything else. Once I reach $200 worth of rewards, they give me a $50 bonus and I cash out. BAM, free money. Seems rather simple to me.
![]() |
![]() |
![]() |
![]() |
Bookmarks |
|
|