What is your credit card debt?

[West Duval Nole]

Seriously? My kids want a cheeseburger and nuggets that is going to be bought either with an cc or cash and I am going impulse buy? Nice stretch.

I said maybe not. And people on here seem to be the exception to the studies done. People not specifically you or anyone here on the board are more likely to say maybe get upsized fries, add a drink maybe a McFlurry or shake when they use a card vs cash. Granted this is peanuts for small purchases such as MCDonald's, but so is any incentive you get back as a result.

I really am not attacking you or care if people have credit cards. Hell I work for a large credit card issuer. Use away to keep me employed. I am merely sharing the concept and studies behind the other poster's accusation on where they may be coming from.

 

[bhawk24bob]

Not quite. If I need to go to Publix and buy groceries, which happens every week, and I can get 5% cash back on my Discover card this quarter vs paying cash for the same groceries. Why wouldn’t I want the extra 5% back?

Do you need to go to Publix, or do you go there as a convenience as people do by using a card? I don't know, it's not a question that I can answer, but where there's a Publix - there's likely non-corporate options that will be cheaper if you use cash.

 

[golfinghawkeye]

I said maybe not. And people on here seem to be the exception to the studies done. People not specifically you or anyone here on the board are more likely to say maybe get upsized fries, add a drink maybe a McFlurry or shake when they use a card vs cash. Granted this is peanuts for small purchases such as MCDonald's, but so is any incentive you get back as a result.

I really am not attacking you or care if people have credit cards. Hell I work for a large credit card issuer. Use away to keep me employed. I am merely sharing the concept and studies behind the other poster's accusation on where they may be coming from.

Fair enough. Going to McDonalds isn’t great for health reasons but when we do go I just order on the app. We get what we want.

 

[golfinghawkeye]

Do you need to go to Publix, or do you go there as a convenience as people do by using a card? I don't know, it's not a question that I can answer, but where there's a Publix - there's likely non-corporate options that will be cheaper if you use cash.

Here are the grocery stores in my town. Aldi, Publix, Winn Dixie, Target and Walmart. Walmart and Publix get the majority of my grocery spend and cash and credit are the same price at all of them.

 

[noleclone2]

Only 17%of HORT carrying credit card debt vs the national average of 35%. Impressive. But not that surprising though for a bunch of millionaires married to supermodels.

 

[BustingNarratives]

Only 17%of HORT carrying credit card debt vs the national average of 35%. Impressive. But not that surprising though for a bunch of millionaires married to supermodels.

The average HORTer is probably carrying the load elsewhere ...

 

[Lindemann]

For the people here that dont have cards; How do you rent cars?

Doing them with Debit Cards is a pain.

My debit card is issued by MasterCard and tied back to my checking account though my bank. The debit card works as a credit card if the vendor doesn't accept the debit purchase. The bank treats it as a debit card purchase whether the transaction is processed as a debit or credit.
No fees, no interest, no worries.

 

[JRHawk2003]

My debit card is issued by MasterCard and tied back to my checking account though my bank. The debit card works as a credit card if the vendor doesn't accept the debit purchase. The bank treats it as a debit card purchase whether the transaction is processed as a debit or credit.
No fees, no interest, no worries.

Ok. Well just an FYI. Some rental agencies won't rent a car to you using a debit card at certain locations.

 

[Lindemann]

Ok. Well just an FYI. Some rental agencies won't rent a car to you using a debit card at certain locations.

In that case they run it as a credit card. My bank treats it the same as a debit transaction.

Edit to add: I usually run my debit card as credit at gas station pumps. The bank treats it as a debit.

 

[tarheelbybirth]

Cash only, you might have $0 in unsecured revolving debt.......but you're paying a premium on everything you buy to use that card

The only way that helps is if everyone else does the same thing. Even paying cash, you're just financing the folks using cards...with no rewards program.

 

[TennNole17]

Cable, cell phone, food, household items, vacations/travel/entertainment, our tithe, we support several missionaries...

Gotcha. I’m lacking a few of those

I’m a basic bitch 😂

 

[TennNole17]

In that case they run it as a credit card. My bank treats it the same as a debit transaction.

Edit to add: I usually run my debit card as credit at gas station pumps. The bank treats it as a debit.

That’s not how it works, in my experience

 

[GOHOX69]

3.1415927

Pi bisches.

 

[SoDakHawk]

Ok. Well just an FYI. Some rental agencies won't rent a car to you using a debit card at certain locations.

Also an FYI, some rental agencies and hotels will put a hold on a certain amount of funds, generally a couple thousand. That locks your bank account up.

Also, what if your card gets compromised and has fraudulent transactions. Sure, you'll be made whole but in the meantime you won't have access to your account while you are issued a new card and your bank account gets tangled up in that mess. Not worth the hassle.

If I were you I would get a credit card to use for specific transactions like hotels.

Once you go the cash back CC route you realize how simple it is and you never go back. The cash I accumulate during the year, last got a new set of golf clubs. This year will be used for annual course membership. Free golf for just changing which plastic I use. Great deal.

 

[Hawki97]

Studies show when people use credit cards, they tend to spend more. I know everyone on here is an exception and do not have this problem.

How To Budget Better With Credit Cards In 2024

It’s possible to enjoy rewards and consumer protections without racking up debt. If you’re eager to make the most of credit cards this year, our tips can help.

www.forbes.com

If it makes you feel better I’ll buck the 100% perfect HORT trend and admit I exclusively use credit cards and know that occasionally I do this - especially restaurant / bar tabs and if I’m buying something with different models that 10% more will give you some upgrade (like a TV with additional features). I do know that I’d probably be more frugal if I was actually handing over cash. That said, work to live baby…I’m ok going a little overboard now and again.

 

[tarheelbybirth]

Like I said, you are paying more for groceries and dining out (non-utilities) by using your card than you are getting in return in miles. That's a loss

Again - the only way to save that money is 1) businesses give a cash only discount or 2) everyone stops using CCs and businesses don't have to tack on extra to cover the fees. Absent either of those, If you pay with cash, you still pay the CC upcharge whether you like it or not.

 

[OrlandNole]

Do you need to go to Publix, or do you go there as a convenience as people do by using a card? I don't know, it's not a question that I can answer, but where there's a Publix - there's likely non-corporate options that will be cheaper if you use cash.

Can you provide an example of a "non-corporate option". Are you suggesting that a mom-and-pop is cheaper than a national chain like Publix?

 

[bhawk24bob]

Can you provide an example of a "non-corporate option". Are you suggesting that a mom-and-pop is cheaper than a national chain like Publix?

Is it national?

Our proteins come from markets unless I need to order fish in the winter months, same with vegetables, fruit, and grains.

Everything else comes from Italian/Mexican grocers and Jewish delis

The former is negotiable on everything while the latter gives discounts for cash.

 

[OrlandNole]

Is it national?

Our proteins come from markets unless I need to order fish in the winter months, same with vegetables, fruit, and grains.

Everything else comes from Italian/Mexican grocers and Jewish delis

The former is negotiable on everything while the latter gives discounts for cash.

Where I live, most of those options are better, but certainly not cheaper, than national chains. They also offer the same price for credit card or cash.