- Centurion Member
- Posts: 508
- Joined: Tue Aug 13, 2013 10:04 pm
- Location: ca
Provident credit union provides an apr on checking that's pretty good, used to be about 3% but now it's 1.something
There's a cap though, of 20k.
I thought about it, but with the conditions asked, and having to keep track of it, not worth it to me, esp considering that that rate barely meets inflation anyways on average.
I don't use debit card to pay for anything, unless I forget my cc, and there's a line..and I find my debit card but not cc..so far hasn't happened too often.
My checking account history basically reads, deposit, cc payments, cc payments, cc payments, deposit
I keep my cc on alert so if it goes over xx than I get a text and email alerting that I've gotten over the thresohold set..it keeps me on the line..plus I have my dd split three ways so the bills are paid out of my main working account..I check both if not one almost on a daily, if not every other day, basis.
I prefer to buy stuff online, get cash back that way, through ebates or through shop discover, mr rebates, etc..and than get cashback on my credit card on top of that..
But I realize its only worth it if I buy what I really need, and not throw money to make money, that's what investments are for
Thinking in that term, really helps me not spend every penny I have.. Well that, and the two other accounts, I check on a less frequent basis, I don't really touch one of them and the other I don't touch at all, but still check on it to make sure it's okay, and it's hard to spend once you see your account have a certain $$, you don't want to dip into it
There's really no reason to use debit card unless you can't see yourself in control. Which is fine, we all have our addictions, but people seem to forget the little things..like cold hard cash attached behind that debit card..and unfortunately more people are without a cushion than with, so when they use their debit card to place down at a hotel because they don't have a cc or use a cc..and than check out only to realize (since they've been spending like crazy on vaca) that what little they have left, a good chunk is on "hold" thanks to the hotel..making sure they have something to collect in case the room is left a mess.. Standard but sucks if that leaves you with 0 and you're in a foreign place