Rex wrote:My rule is, carry enough cash so that the mugger doesn't get pissed off. That's its only purpose these days.
Not being a shithead to small businesses is a pretty solid one too. Paying on your card for a cup of coffee is f'ing them out of a decent portion of the profit.
Actually, I'm more likely to tip in a card transaction, and nowadays, pretty much every new startup shop or restaurant in my area is using Square or something similar with "suggested" tips of 18/20/25 or wherever the imagination goes.
Gunpowder wrote:Degen, what the hell can you buy on a credit card that is illegal?
"Do you take Amex?"
"No, because I'm a fuckin' HOOKER THAT YOU FOUND ON CRAIGSLIST."
Or an illegal round of golf? What?
I think he means misdemeanors as in "little transgressions your wife would freak about". Not the hookers part, but you could cash advance against it or something? Hell I don't know.
yeah just cash advance the credit card. and yeah transgressions is the better word i couldn't think of.
How is this husband in question paying for the credit card? If he's using his bank account, then the wife can see it anyway. If he's using another bank account, then the credit card is not the major culprit.
Pack a vest for your james in the city of intercourse
Gunpowder wrote:Degen, what the hell can you buy on a credit card that is illegal?
"Do you take Amex?"
"No, because I'm a fuckin' HOOKER THAT YOU FOUND ON CRAIGSLIST."
Or an illegal round of golf? What?
I think he means misdemeanors as in "little transgressions your wife would freak about". Not the hookers part, but you could cash advance against it or something? Hell I don't know.
yeah just cash advance the credit card. and yeah transgressions is the better word i couldn't think of.
How is this husband in question paying for the credit card? If he's using his bank account, then the wife can see it anyway. If he's using another bank account, then the credit card is not the major culprit.
He can spend a reasonable amount money but not too much. He can use the joint savings account and joint credit cards and take out $100 cash every month and if he does this consistently the wife will find that reasonable. What she doesn't know is that the $100 is not what he's spending, it's being used to pay the minimum.
Kung Fu movies are like porn. There's 1 on 1, then 2 on 1, then a group scene..
Yeah, I guess that could lead to minor trouble. Though if your wife won't let you golf with your friends then you already will have marital problems, I'm sure.
Pack a vest for your james in the city of intercourse
Rex wrote:Actually, I'm more likely to tip in a card transaction, and nowadays, pretty much every new startup shop or restaurant in my area is using Square or something similar with "suggested" tips of 18/20/25 or wherever the imagination goes.
You could tip with cash too, Rex. Fight the good fight.
Johnnie wrote: ↑Sat Sep 10, 2022 8:13 pmOh shit, you just reminded me about toilet paper.
I hate carrying cash. I have no problem paying an additional 0.7% to not have to carry it around. I'm also a big fan of credit card rewards. I usually have a credit balance of anywhere from $0 to $2k (depending on if I made recent major purchases (plane tix, car repair, etc)), but I pay it off relatively quickly.
On the other hand I refuse to use applepay, I am skeptical about apple properly securing my fingerprint.
My only fear of death is coming back to this b1tch reincarnated
I don't get the idea that somehow credit cards are inherently evil or even just bad. That's crazy. Credit cards are a HUGE boon to easy commerce. Yes, that ease gets a lot of people in trouble, but at the same times, CCs help a lot of other people. And they sure as hell make my day-to-day life a lot easier.
BTW, maybe things are different where you guys live, but I pretty much NEVER see different prices for cash or credit cards. Every now and then for gas, but that's it. Probably fewer than 5 transactions a year.
One huge advantage of a credit card is that if you keep your balance well below your limit, you are carrying around a small insurance policy. Have something unexpected pop up that you need money for? Your credit card can cover you when cash or a debit card obviously wouldn't.
Yes, transactions as a whole cost a bit more with cards because of the fees, but the overall lubrication of the payment process more than makes up for it. Plus, if the laws of economics have taught us anything, if consumers are willing to absorb those small price increases, it makes no difference if we are paying cash or not. A store is going to charge as much as they can. If transaction fees are removed from the equation, that extra money will go to the stores and wholesalers, not consumers.
I know that last part is commonly stated, but its not true. If every platform announced an immediate 20% increase in the rate they charge vendors, wouldn't you expect a lot of businesses to increase prices to cover that rate increase? Yes, right? Well if that's the case, doesn't that mean those businesses actually can charge more than they are right now but they aren't?
(And I don't buy the argument that consumer willingness would increase if the rates were known. Someone isn't buying a pie at $10 now or $11 after an interchange increase but not $11 now with a blind increase.)
Johnnie wrote: ↑Sat Sep 10, 2022 8:13 pmOh shit, you just reminded me about toilet paper.
mister d wrote:I know that last part is commonly stated, but its not true. If every platform announced an immediate 20% increase in the rate they charge vendors, wouldn't you expect a lot of businesses to increase prices to cover that rate increase? Yes, right? Well if that's the case, doesn't that mean those businesses actually can charge more than they are right now but they aren't?
(And I don't buy the argument that consumer willingness would increase if the rates were known. Someone isn't buying a pie at $10 now or $11 after an interchange increase but not $11 now with a blind increase.)
As PDX pointed out, it's obviously not quite as simple as either of us portrayed it. It depends not just on consumer willingness, but also competition.
I would argue that consumer willingness to pay absolutely does depend a lot on how much they know about what they are paying for. We are all more willing to pay more for goods that we believe cost more to produce. If stores posted their costs and/or margins, you can be sure that consumers would want to cut into those margins.
All that said, for most purchases, the credit card "fee" that is passed to consumers is likely quite small. It's only high, by percentage, for very cheap purchases.
The only things I've gotten cash for in the last 2 years are tips for the boys' haircuts and going in on gifts for people leaving the office. And it's great and so is ApplePay and so are hookers thank you
he’s a fixbking cyborg or some shit. The
holy fuckbAllZ, what a ducking nightmare. Holy shot. Just, fuck. The
BTW, the other advantage of credit cards (debit cards too, I guess) is for tracking. I have been keeping track of all of my spending for many years - first with Quicken and now with Mint. Maybe it's just the data geek in me, but I like being able to keep track of all of that by category.
I use credit cards for most purchases, but try to use cash for the local businesses. Ex: Orchard, local running store, beer... My favorite one is the cash back credit card from Sams Club that I use for 5% back on gas. It makes me feel like I'm sticking it to the man twice(Waltons and oil). I just got my yearly check from them for $280.
degenerasian wrote:
He can spend a reasonable amount money but not too much. He can use the joint savings account and joint credit cards and take out $100 cash every month and if he does this consistently the wife will find that reasonable. What she doesn't know is that the $100 is not what he's spending, it's being used to pay the minimum.
I'm still confused. If the wife is checking the bank statements, isn't she going to see a payment to MasterCard for a card she doesn't know about? In your hypo, is the guy just not paying off his bills, or is he using the card once, and paying it down over a long time? Better question, do you married people use a joint credit card? All of our bank accounts are joint, but we have separate credit cards. We see the payment come out of our checking account, but we have never looked at each others credit card statements.
An honest to God cult of personality - formed around a failed steak salesman.
-Pruitt
degenerasian wrote:
He can spend a reasonable amount money but not too much. He can use the joint savings account and joint credit cards and take out $100 cash every month and if he does this consistently the wife will find that reasonable. What she doesn't know is that the $100 is not what he's spending, it's being used to pay the minimum.
I'm still confused. If the wife is checking the bank statements, isn't she going to see a payment to MasterCard for a card she doesn't know about? In your hypo, is the guy just not paying off his bills, or is he using the card once, and paying it down over a long time? Better question, do you married people use a joint credit card? All of our bank accounts are joint, but we have separate credit cards. We see the payment come out of our checking account, but we have never looked at each others credit card statements.
Why do you do that? Was it intentional to allow purchase privacy, or did it just happen?
