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  1. #51
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    I'll always be more afraid of interest rates than I am of hackers.

  2. #52
    insert random title here Randomnity's Avatar
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    Quote Originally Posted by DiscoBiscuit View Post
    I'll always be more afraid of interest rates than I am of hackers.
    Oh, absolutely. 100% chance wins over much smaller chance, so debit card wins over paying interest every time. That said, it's extremely easy to avoid paying interest if you are sufficiently motivated to do so (especially if you're less careless than me). So I'm not very afraid of hackers, but I'm more afraid of that possibility than I'm afraid of myself.
    -end of thread-

  3. #53
    Strongly Ambivalent Ivy's Avatar
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    Has anybody ever used a prepaid credit card? I'm honestly asking. I am always suspect of things I see advertised in certain markets, e.g. daytime TV alongside ads for sweepstakes clubs and payday loans. But I honestly don't know if there's any tangible reason not to have one, besides only financial doofuses needing them. If you use one does it send a secret "hey, this person's a financial doofus" message to your credit report?

  4. #54
    Habitual Fi LineStepper JocktheMotie's Avatar
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    I'd generally rather pay off CC debt immediately rather than pad savings while incurring late fees, as those savings don't mean too much when your debt is ballooning. That just seems dumb.

    I use my CC exclusively for purchases of any kind, and only carry my Debit Card for ATM withdrawals if I absolutely need cash. My CC has better security features, I earn miles and points, and there's no direct access via my CC to any liquid asset. Debit Card, if I didn't need it for emergency cash withdrawals if I'm out somewhere I'd never even carry it on me. I pay my CCs off every month, so interest rates are never a worry.

    If anything, cash is my least favorite thing in the world. Hate it, and its ugly bastard children, spare change.



  5. #55
    Strongly Ambivalent Ivy's Avatar
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    Quote Originally Posted by JocktheMotie View Post
    I'd generally rather pay of CC debt immediately rather than pad savings while incurring late fees, as those savings don't mean too much when your debt is ballooning. That just seems dumb.

    I use my CC exclusively for purchases of any kind, and only carry my Debit Card for ATM withdrawals if I absolutely need cash. My CC has better security features, I earn miles and points, and there's no direct access via my CC to any liquid asset. Debit Card, if I didn't need it for emergency cash withdrawals if I'm out somewhere I'd never even carry it on me. I pay my CCs off every month, so interest rates are never a worry.

    If anything, cash is my least favorite thing in the world. Hate it, and its ugly bastard children, spare change.
    I like money.


  6. #56
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    All my business expenses go on the CC though for the rewards others here have mentioned.

  7. #57
    No moss growing on me Giggly's Avatar
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    Quote Originally Posted by Ivy View Post
    Has anybody ever used a prepaid credit card? I'm honestly asking. I am always suspect of things I see advertised in certain markets, e.g. daytime TV alongside ads for sweepstakes clubs and payday loans. But I honestly don't know if there's any tangible reason not to have one, besides only financial doofuses needing them. If you use one does it send a secret "hey, this person's a financial doofus" message to your credit report?
    I think those are just like the cards you can buy in your local drug store and they don't report to credit agencies.

    If you want something that still reports but is prepaid check with the banks to see if they offer a secured credit card.

    Quote Originally Posted by DiscoBiscuit View Post
    All my business expenses go on the CC though for the rewards others here have mentioned.
    Experience has taught me that the only rewards I'm interested in are cash or air miles. The other ones I ignore.

  8. #58
    Strongly Ambivalent Ivy's Avatar
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    Quote Originally Posted by Giggly View Post
    I think those are just like the cards you can buy in your local drug store and they don't report to credit agencies.

    If you want something that still reports but is prepaid check with the banks to see if they offer a secured credit card.
    You smart lady. Smart lady help, make Ives feel good. Thanks smart lady.

  9. #59
    Senior Member prplchknz's Avatar
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    Quote Originally Posted by Ivy View Post
    Has anybody ever used a prepaid credit card? I'm honestly asking. I am always suspect of things I see advertised in certain markets, e.g. daytime TV alongside ads for sweepstakes clubs and payday loans. But I honestly don't know if there's any tangible reason not to have one, besides only financial doofuses needing them. If you use one does it send a secret "hey, this person's a financial doofus" message to your credit report?
    my mom gave me a prepaid one in highschool to purchase gas. but once I reached adult hood i use a real credit card. also for a christmaspresent i got a pre paid one. But i think that was when I was also in highschool. so not sure if that counts because they were never in my name.
    In no likes experiment.

    that is all

    i dunno what else to say so

  10. #60
    Strongly Ambivalent Ivy's Avatar
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    Yeah.. the main goal for me would be to have something to use that isn't connected to my bank account, but isn't racking up interest, either. It wouldn't really matter if it were reported to credit agencies, unless it's an automatic negative to even have one (which it sounds like it isn't- I hadn't thought about people getting them for their kids, but it's a good idea).

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