- Centurion Member
- Posts: 875
- Joined: Thu Apr 30, 2009 2:32 pm
- Location: Texas
If you have decent credit, you can get a credit card. If you can get a credit card, I see no reason to use debit unless the merchant offers a discount for doing so.
The banks and CC companies have been winning the tug-of-war with merchants for years because they've been smarter and better organized. I would love to see the merchants get some organization and traction so they can beat down interchange fees, etc. This camp is far more diverse than the CC and banking interests and therefore less organized. Also, this game is being played on the CC and Bank field -- it's what they do.
Since the above parties have and will continue to act in their own interests, I will continue to act solely in my own interest by using the payment method that is the safest and most convenient for me and that pays me the most rewards of those available. Banks know this about me very well; merchants, not so much.
American Express: Blue Cash Preferred (groceries, 6%; gas, department store, 3%); Gold Delta SkyMiles (Delta Air Lines, 2 miles/dollar, free checked bag).
US Bank: Cash+ (utilities, phone, internet, restaurant, 5%; drugstores, 2%).
FIA Card Services: Fidelity Amex (everything, 2%); Fidelity Visa (everything, 1.5%).
Chase: Freedom (rotating, 5%); Amazon (Amazon.com, 3%); PriorityClub (IHG hotels, 5 points/dollar); Sapphire (not in use).
*All cards are registered with PriorityClub IDine program for 8 points/dollar at participating restaurants.