credit union getting greedy

[MossRoad]

$1256 in "cash back"? What % do those cards give you as a reward? I am not sure how much I could get as cash back if I used such a card, because the only real expenses I have that a card could be used for are groceries and gasoline and diesel fuel. Last year I spent $4340 on groceries and $860 on gasoline and diesel fuel. So, $5200.00 total. My Chase card gives me a whopping 1% cash back on purchases. The thing is, because I pay cash for groceries I am much more careful about what I am buying. Pay cash and I will buy ground round. Charge it, and I would probably buy T-bones and shrimp cocktail which I cannot afford. :laughing:

I think the bottom line is everyone needs to find a system that works well for them and stick to it.

You'd get about $50 bucks back on your card. That's a lot of free root beer.

We pay for groceries, gas, insurance, taxes, high school and college tuition, doctors, entertainment... pretty much everything, on the card or some other sort of rebate program. Every penny that you get back counts.

Plus, you get a nice itemized list of what you purchased. If you plug that into home banking software, it can show you exactly what you are spending your money on in easy-to-read chart form. Kinda interesting for anyone that may not have a handle on exactly where there money goes.

 

[Grumpy Old Man]

I'm with you, Play with snakes long enough and you will get bitten.It only takes 1 mistake,Your payment don't make it in on time (for what ever reason) some clerk on their end doesn't enter your payment correctly,etc,etc,. To each their own, That's what's makes the world go around

some people just are just sheeple ,follow the herd even if it leads them over the cliff , how many people do you know in serious debt yet they keep swiping that card every night at the bar ? or driving around in a new vehicle while living in a shared apartment ? Most people have no idea how to save money ,how much could you save if you stopped going to the game and stayed home and watched it on the tv ?

 

[MossRoad]

Let's see you've called me a tax dodger then a tax cheat whats next ?

Well, let's review your following quotes...

"the fools who go out to dinner and use a credit card are just dumb as dirt"
"keep cash in bank ,bank sends all info to infernal revenue pay taxes on everything"
"Are you so incompetent you can't manage your own cash without help ?""
"Two different schools of thought ,I'm 6'3" and 260 lbs I've never really had to deal with not getting what I want . I buy wholesale and never pay retail for anything ever .that's all the leverage I need ."

You've called people who actually get paid to spend money fools.
You've implied that paying taxes is wrong.
You've implied that somebody here cannot manage their cash when, in fact, all of us are discussing best practices for handling our finances.
And you've implied that you leverage your physical size to intimidate people into letting you pay wholesale prices for retail goods.

How bout I call you Mr. Happy?
:dance1:

 

[Gale Hawkins]

Well, let's review your following quotes...

"the fools who go out to dinner and use a credit card are just dumb as dirt"
"keep cash in bank ,bank sends all info to infernal revenue pay taxes on everything"
"Are you so incompetent you can't manage your own cash without help ?""
"Two different schools of thought ,I'm 6'3" and 260 lbs I've never really had to deal with not getting what I want . I buy wholesale and never pay retail for anything ever .that's all the leverage I need ."

You've called people who actually get paid to spend money fools.
You've implied that paying taxes is wrong.
You've implied that somebody here cannot manage their cash when, in fact, all of us are discussing best practices for handling our finances.
And you've implied that you leverage your physical size to intimidate people into letting you pay wholesale prices for retail goods.

How bout I call you Mr. Happy?
:dance1:

But his handle is 'Grumpy Old Man'

 

[Grumpy Old Man]

Well, let's review your following quotes...

"the fools who go out to dinner and use a credit card are just dumb as dirt"
"keep cash in bank ,bank sends all info to infernal revenue pay taxes on everything"
"Are you so incompetent you can't manage your own cash without help ?""
"Two different schools of thought ,I'm 6'3" and 260 lbs I've never really had to deal with not getting what I want . I buy wholesale and never pay retail for anything ever .that's all the leverage I need ."

You've called people who actually get paid to spend money fools.
You've implied that paying taxes is wrong.
You've implied that somebody here cannot manage their cash when, in fact, all of us are discussing best practices for handling our finances.
And you've implied that you leverage your physical size to intimidate people into letting you pay wholesale prices for retail goods.

How bout I call you Mr. Happy?
:dance1:

who gets paid to spend money ?
when did i use the word fools towards you ?
wholesale for retail because of my size ? How about smart buyer , "getting what I want " has nothing to do with buying wholesale
Your "implying " I'm telling you what to do rather than making statements have I mentioned you or anyone else ?
I never said paying taxes is wrong I said pay what you legally have to
1% is not "getting paid " when using a card going out to dinner with the high prices is loosing money
read the definition of implied

 

[/pine]

...We pay for groceries, gas, insurance, taxes, high school and college tuition, doctors, entertainment... pretty much everything, on the card...

I pretty much do the same...just curious if you will continue if retailers start adding a surcharge to cc users?

 

[JBourquin]

I thought they weren't allowed to do that. Like gas purchases, they can give a discount for paying cash, but can't charge more for using credit. I'm not 100% sure on this it's just something I remember hearing at one time.

EDIT: After a little Google trip, I guess they can. Up to 4%!! (Article is for Illinois, I'll keep looking for other states.)

http://www.dailyherald.com/article/20130130/news/701309833/

EDIT #2: I guess it is US wide...

http://www.marketplace.org/topics/business/new-credit-card-swipe-fees-could-hit-consumers


I guess if that happens I'll go back to using cash and/or DEBIT card.

 

[NY_Yankees_Fan]

I pretty much do the same...just curious if you will continue if retailers start adding a surcharge to cc users?

I think the small mom & pop stores will/perhaps charge the surcharge, I do not see the large chain stores and most of the stuff on the Internet adding the surcharge. But if they do I will just do business with those that do not add the $$.

 

[Grumpy Old Man]

I think the small mom & pop stores will/perhaps charge the surcharge, I do not see the large chain stores and most of the stuff on the Internet adding the surcharge. But if they do I will just do business with those that do not add the $$.

I hope the surcharge is across the board and higher ,Maybe it will get people to shop locally and pay cash and help local economies instead of Amazon

 

[JBourquin]

I hope the surcharge is across the board and higher ,Maybe it will get people to shop locally and pay cash and help local economies instead of Amazon

Doubt it, no surcharge will come close to the $$ saved by shopping around/online. Maybe the "local economies" should try to price their products to compete a little better. I don't mind spending a little extra to help out the community but I won't spent twice as much so the local hardware store owner can buy a bigger boat..