What difference does that make? Every time I've earned $50 cash back, it's posted to my account as a credit, usually every 2-4 weeks depending on how much I've bought. That's $50 I don't have to pay when the bill comes. And yes I always pay it off in full. And no I don't go to coffee shops or even drink coffee.
How many folks still use cash?
- Thread starter 53' Stude
- Start date
With all due respect, you're conflating the issue. Many people here are, not just one person.
If someone swipes your credit card number and runs up the balance, you'll be our of available funds as well. It's a &$*%y situation no matter how your shake it.
If the bank issued card that is attached to your checking account has a Visa or Mastercard logo on it, it is protected in the exact same way that a card that we commonly call a credit card is.
For instance:
I have $5000 in my checking account. Someone swipes my number, processes as credit (can't process as debit since they don't have my pin), burns up my $5000. I call the bank, file a claim, I'm getting my $5000 back right then and there.
I have a $5000 limit credit card. I don't carry my bank issued card because it's "too dangerous." Someone swipes my number and spends $5000, I'm not spending another penny until I call the credit card company, file a claim, they flag the charges and restore my available credit.
It's literally the exact same scenario, just a different place you have to call. In either case, you then have to forfeit the card number, get a new number in 7-10 days (some banks can do cards on the spot), change all auto-charges attached to that number. It's a royal PITA that the innocent party has to go through.
Last edited:
Not at all exact, how do you know they don’t have your pin?
If someone steals my credit card and runs up the balance, I got four others plus money in my checking and savings account.
By constantly using a debit card you are exposing yourself to somebody going to an ATM and emptying your checking and or savings accounts by taking out cash.
Many, if not, most thefts occur by friends and family members as well as friends of family members. It’s certainly not hard for me to watch somebody punch PIN numbers on a machine in a store.
Irregardless of everything why constantly expose a financial instrument that allows access to your checking and savings accounts if you don’t have to?
It’s all fine with me, but there is some common sense in these statements.
Plus the ridiculous amount of cash back that I get with credit cards
Last edited:
I understand your position.
Personally, the only one that knows my pin is me, in my head, it's not written down anywhere. I don't put my pin in readers at stores, only the rare event I go to the ATM.
Many people are careless with their data entry, I am not.
In the end, all that matters is that we as individuals are comfortable in what we're doing.
I switched back to a credit union I send to have. Now, wonder if paramount + and Netflix will let me pay without using debit card. My credit union has 5 locations in 30 Mike radius of me
you can always switch payment methods with any company. If you’re unsure of something check with your credit union but to me, it sounds like you were using your debit card as a credit card without using your pin. In that case, I would agree with the person of the conversation I was just having with somebody above.
I’m driving right now so I don’t want to scroll and look up his name.
If you are unsure of something the best source of information is from your financial institution. You shouldn’t do something based on what you read in here because they were too many variables.
I have friends from China who sometimes have relatives and friends visiting. I've joined them a few time and they seemingly have no concerns that they're carrying wads of cash.
Shoot me a PM when you get a moment sir. I Thank You
I carry a little cash for gas and incidental stuff but that's about it. Otherwise I use my debit card. No credit cards. Just a mortgage and the wife's car loan which is cheap and will be paid off a couple of years early. I do occasionally keep some cash in my safe but only if I'm planning on buying another car or something large.
The Wife knows when you are bad or good so be good !
I think I’ll be ok just having a ATM card at my credit union. I always carry some cash on me though. I have a few questions so if anyone wants to they can PM me. Thank You all
I leave cash tips.
I almost never tip with a credit or debit card. My preference these days at restaurants are those tabletop tablets, especially if they can read the QR code for e-gift cards that I often get with credit card points. My only problem is sometimes the QR code is tiny and some cameras have a hard time reading them. I did it once when it just wouldn't take it, and I found the electronic version and just expanded the size even though to my eyes it looked fuzzy. But to the camera and reader software it was visible. I'll usually zero out the tip on those things and then leave a separate cash tip, where it emails me a receipt. I suppose if I'm expensing a meal, I might tip that way so that I can be reimbursed properly, since that ends up on the receipt.
Please send me some and I will test using cash and let you know how it goes!!
I can't afford to go hog wild with my spending. Got bills as well as trying to save up to drill a new well. The hits just keep coming.The Wife knows when you are bad or good so be good !
And do ya buy your pancake mix with cash too ???
I use cash a whole lot like you too….
Makes you AWARE of just how much one is REALLY spending in that moment…
That’s one reason why the push for CBDC is going to roll forward… People are typically oblivious to how much they are actually spending swiping a card in that moment.
SammyChevelleTypeS3
$50 site donor 2023
I keep a $100 bill folded in one of the C/C , slot compartments of my wallet. I do try to keep $120 in the bills area of my wallet also. Keep it in $20s / $10s and $5s. When I buy anything over $50 its on a credit card. When we get home , I go right to my P/C and pay the C/C balance off from our checking accounts. Never had any debit or credit card issues at all. I realize we been very lucky.
Similar threads
