Einthewoods
Gold Member
I am a USAA customer and have setup accounts for my kids since their birth with them. Someday I think they will appreciate it. Very good bank to do business with.
Is this a war on cash or a war on privacy? Or both?
- Thread starter plowhog
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I am a USAA customer and have setup accounts for my kids since their birth with them. Someday I think they will appreciate it. Very good bank to do business with.
ultrarunner
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When I am asked for my phone number I have said only if I can have yours first... not nice but conveys the message.
downsizingnow48
Elite Member
That proposition about credit card/coffee needs to be demonstrated, not stated. For instance, if I swipe it takes x amount of time of the cashier. If I give cash, it takes possibly 2-3x amount of time to count and handle the money (twice). During that time, the cashier could have served 1-3 people behind me. So that is also a cost. Which is greater is an empirical question, not an opinion.
I think TBN needs a new Forum entitled "My Rules for What Other People Should Do." That would declutter the experience-based discussions.
I think TBN needs a new Forum entitled "My Rules for What Other People Should Do." That would declutter the experience-based discussions.
downsizingnow48
Elite Member
I also set up accounts for our children. They are now in their 30's and understand the value.
Nice rationalization, not based on facts. It costs the merchant 1 1/2 to 3% per purchase. How credit card fees for merchants work | The Star
It's your opinion that it takes less time for a CC transaction; I have yet to see that happen. Computers aren't that fast to begin with but sometimes they are extra slow, people's cards don't work, they just feel like flirting with the cute store clerk,or they just can't decide what stupid scratchoff they want. OK, the latter two have nothing to do with what you're paying with.
A few years ago I was trying to get someplace but had to get gas using the company credit card. After filling I encountered a long line; that particular chain reboots their computers at 7:30 every morning when the main office opens, so everybody paying with a credit card including me had to cool our heels for 15 minutes until they were ready- and while I always carry enough cash to cover my own purchases, even when using a card, I didn't have enough to pay for 20 gallons of gas. Needless to say I don't stop there anymore.
Diggin It
Super Star Member
I think I'd heard of them before, but never looked at their site. Well, after reading this thread, I did go and look. And I got in. But GoodGollyMissMolly, they dun asked a whole passel of questions. How did they know what color my car was 15 years ago anyway?
ultrarunner
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In High School I was lunch line cashier for 3 years... really kept you on your toes... having to add up everything, make change and watch for the 5 finger discount.
It was kind of a fluke... my History teacher also over saw the cafeteria...
He and another teacher were cashiers... I made a smart remark about him taking too long and he said OK wise guy, you do it and walked off... I jumped right in and never missed a beat because I had been cashier at the auto parts store...
Turned into a legacy position... my younger brothers took over for me.
Somewhere down the line the school put in point of sale... the lines crawled to a stop... teacher said he told them it wouldn't work and it didn't... the idea is kids could have debit cards instead of cash... but that takes time... swipe, pin, receipt...
buckeyefarmer
Epic Contributor
I practiced Dave Ramsey teachings long before i ever heard of him....
I still finance things at 0%, it only makes sense.
I still finance things at 0%, it only makes sense.
^^^^
I've talked to a lot of store owners- not the clerks- over the years and their CC fees are a significant expense. It never occurred to me when I made my previous comment that people didn't know how much it costs when they use their card. There's a reason why many stores have a minimum charge, or get extra for gas paid for with a credit card.
There's no such thing as a free lunch. Somebody has to pay for your "rewards", as well as the privilege of using it in the first place.
I've talked to a lot of store owners- not the clerks- over the years and their CC fees are a significant expense. It never occurred to me when I made my previous comment that people didn't know how much it costs when they use their card. There's a reason why many stores have a minimum charge, or get extra for gas paid for with a credit card.
There's no such thing as a free lunch. Somebody has to pay for your "rewards", as well as the privilege of using it in the first place.
two_bit_score
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When I get the first question like that I just say "No, Thanks" and they never ask the rest.
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