Cash/Checks vs. Cards at Restaurants

[Descant]

I use CC and cash. It amuses me that people think they're getting something for "free" on a CC. That's like saying "It's free. The government pays for it."
Does "gullible" have 1,2, or 3 "l"s?

[joey2665]

Originally Posted by Descant

I use CC and cash. It amuses me that people think they're getting something for "free" on a CC. That's like saying "It's free. The government pays for it."

Does "gullible" have 1,2, or 3 "l"s?

This will open up a whole different conversation. The point and rewards system exists so if you do not capitalize on it then it truly is costing you money for something you are paying for and not receiving


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[tummyman]

Since I pay my credit card bill on the day it is due every month and NEVER incur any interest charges, please prove to me that it is costing me money to collect the reward dollars. I will be very interested in your logic, as I firmly believe it has zero cost to me.....only gain.

[Biggd]

I always have at least $500 on me at all times but I'm in a business where I receive a lot of cash.
I'm not sure how I will handle this when I retire. I don't know if I will go to the bank every week and withdraw cash or start using my credit cards more.
I do know one thing, I will NEVER own a debit card!

[TiltonBB]

Originally Posted by tummyman

Since I pay my credit card bill on the day it is due every month and NEVER incur any interest charges, please prove to me that it is costing me money to collect the reward dollars. I will be very interested in your logic, as I firmly believe it has zero cost to me.....only gain.

My perspective is different. Credit cards are a last resort, not the first option.

Whenever I have service or trades people (who take credit cards) work for me I ask "Is there any discount for cash?". Quite often I have saved significant amounts of money. My plumber just took $100 off of a $700 bill. That is significantly more than the 3 to 5% rewards program that some credit cards offer. I had a good sized boat moved and they took $200 off of an $1,800 quote. Again, significantly more than the rewards programs that credit cards offer.

I have someone coming to cut down a tree. I got two quotes in the $1,000 to $1,200 range. I offered cash to a third person and he told me $600. Guess who got the job.

That is the reason for Cumberland Farms gas discount program if you let them debit your bank account immediately. They don't lose CC fees and they improve and speed up their cash flow.

Cash is King!

[joey2665]

Originally Posted by TiltonBB

My perspective is different. Credit cards are a last resort, not the first option.

Whenever I have service or trades people (who take credit cards) work for me I ask "Is there any discount for cash?". Quite often I have saved significant amounts of money. My plumber just took $100 off of a $700 bill. That is significantly more than the 3 to 5% rewards program that some credit cards offer. I had a good sized boat moved and they took $200 off of an $1,800 quote. Again, significantly more than the rewards programs that credit cards offer.

I have someone coming to cut down a tree. I got two quotes in the $1,000 to $1,200 range. I offered cash to a third person and he told me $600. Guess who got the job.

That is the reason for Cumberland Farms gas discount program if you let them debit your bank account immediately. They don't lose CC fees and they improve and speed up their cash flow.

Cash is King!

You are correct for small local vendors but after that you are better off using a card with a good reward program.


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[Top-Water]

Originally Posted by TiltonBB

Cash is King!

For most house hold utility bills checks ... for everything else ..... what you said.