Using Cash vs Credit Cards

A place to discuss anything... except credit cards!
Celestine
Centurion Member
Centurion Member
 
Posts: 152
Joined: Tue Jan 10, 2012 1:02 am
Location: Los Angeles, California

Postby Celestine » Sat Jan 21, 2012 3:00 pm

I only carry small amounts of cash to spend on parking structures that does not accept cards.

I only carry small amount because I spend more and MORE and MORE if I know I have cash in my wallet.
"Nearly all men can handle adversity, but if you really want to test a man's character - give him power." - Abraham Lincoln


jeffysdad
Centurion Member
Centurion Member
 
Posts: 875
Joined: Thu Apr 30, 2009 2:32 pm
Location: Texas

Postby jeffysdad » Sat Jan 21, 2012 4:15 pm

I carry $50-150 in cash (including plenty of ones and fives for tips), two CCs (Fidelity Amex and Chase Freedom Visa), Chase ATM (not a debit) card for bank deposits, debit card for Fidelity cash mgmt. account that never has more than $150 in it (all ATM fees are reimbursed on this card, btw).

Credit first, then debit, then cash. I almost NEVER use the debit card or cash (other than for tips). I will not carry a debit card linked to my main account for security reasons. I can't remember the last time I took cash from an ATM.
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.

randeman
Centurion Member
Centurion Member
 
Posts: 188
Joined: Tue Jan 10, 2012 7:11 pm
Location: New York, NY

Postby randeman » Sun Jan 29, 2012 4:44 am

I carry a little cash for those places that don't take plastic; laundry and dry cleaners. Plastic rules!
Cards and Credit lines Acquired:

Escape by Discover (7.75K), Barclay Holland America Visa (7K), Macy's store card (7K), Bloomingdale's store card (2.6K), Citi Custom Credit Line (3.5K), PayPal Smart Connect credit line (2.7K), Chase Freedom Visa (5K), Chase United MileagePlus Visa (5K), Chase Sapphire Preferred Visa (6K), Amazon store card (2.2K), Lord & Taylor store card (550), Nordstrom store card (1500), Gold Delta SkyMiles from American Express (3K), Discover It (6.5K), PayPal Credit Line (1K).

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Sun Jan 29, 2012 9:43 pm

jeffysdad wrote:I carry $50-150 in cash (including plenty of ones and fives for tips), two CCs (Fidelity Amex and Chase Freedom Visa), Chase ATM (not a debit)


Jeffysdad what's the difference between a debit card and an ATM card?

ZOMGVTEK
Green Member
Green Member
 
Posts: 3
Joined: Wed Feb 08, 2012 7:47 pm
Location: NY

Postby ZOMGVTEK » Fri Feb 10, 2012 9:57 pm

I never use cash. My wallet typically has <$5 in it, more often than not $0.

I see no incentive to have to carry and handle cash, when 99.9% of places I go take credit.

fantasy86dj
Centurion Member
Centurion Member
 
Posts: 164
Joined: Tue Mar 02, 2010 6:47 pm
ICQ: 387113
WLM: katoomba@live.co.uk
Yahoo Messenger: mettymeta242
Location: Australia

Postby fantasy86dj » Sun Feb 19, 2012 6:17 am

I use cash sometimes, I like to have $20 in my wallet but 85% of the times I am using cards. There are a lot of stores here in Australia that impose minimum spend to use credit cards due to the merchant fees that are charged. But I normally don't go into cash only places, I use my cards a lot.

ashleyAMX
Platinum Member
Platinum Member
 
Posts: 56
Joined: Sat Jan 22, 2011 2:39 pm
Location: Florida

Postby ashleyAMX » Sun Feb 19, 2012 11:54 am

I'm pretty terrible with carrying cash... I never carry it and sometimes I need it for situations like tipping. I probably should and will start carrying 100$ or so. But, right now I use my credit cards for everything because I'd rather save .01 on the dollar than pay full price anyway.

User avatar
PlatinumAMEX94
Centurion Member
Centurion Member
 
Posts: 321
Joined: Mon Jan 02, 2012 1:21 am
Location: Denver

Postby PlatinumAMEX94 » Sun Feb 19, 2012 12:23 pm

I always keep a money clip with a variety of bills. I always have at least 10 ones, 2 fives, and a twenty. There are always situations that require cash. Have you ever been somewhere for something small and oops, the reader is declining your card. Oh shoot, the machine seems to be out of service now. Ever need a cab? They don't always take credit cards. Tipping for valets and hotels is always cash. And there are times you just need to throw down some bills so you can pay for your drink. I never open a tab. While some people might be impressed with the plastic you carry, I find that a wad of cash in a money clip usually always gets someone's attention, especially if it is loaded with large bills.
American Express Platinum Personal, Member since 94
Chase United Explorer - Visa Signature
Chase Sapphire Preferred
American Express Business Simply Cash

American Express Costco Business, American Express Platinum Business
Bank of America 10k, Capital One Venture World MasterCard 7.5k, Fidelity Visa Signature 10k
Citibank ThankYou Premier World MasterCard - Card Member since 91, 25k
Discover 10k Member since 91, Wells Fargo Personal & Business Visa Signature
USAA World MasterCard 12k, Chase Slate Exclusives Visa 5k

Lifelock member, USAA credit monitoring, Security Freezes E/E/TU, 800+

ashleyAMX
Platinum Member
Platinum Member
 
Posts: 56
Joined: Sat Jan 22, 2011 2:39 pm
Location: Florida

Postby ashleyAMX » Sun Feb 19, 2012 12:43 pm

PlatinumAMEX94 wrote:I always keep a money clip with a variety of bills. I always have at least 10 ones, 2 fives, and a twenty. There are always situations that require cash. Have you ever been somewhere for something small and oops, the reader is declining your card. Oh shoot, the machine seems to be out of service now. Ever need a cab? They don't always take credit cards. Tipping for valets and hotels is always cash. And there are times you just need to throw down some bills so you can pay for your drink. I never open a tab. While some people might be impressed with the plastic you carry, I find that a wad of cash in a money clip usually always gets someone's attention, especially if it is loaded with large bills.


Lol, thats especially my issue..cabs, machines out of order, etc. But carrying around a money clip with a wad of cash just seems vain. I think i'd carry 50$ at most.

Money card
Centurion Member
Centurion Member
 
Posts: 1361
Joined: Tue Jun 28, 2011 10:13 pm
Location: New York state

Postby Money card » Sun Feb 19, 2012 9:41 pm

ashleyAMX wrote:I'm pretty terrible with carrying cash... I never carry it and sometimes I need it for situations like tipping. I probably should and will start carrying 100$ or so. But, right now I use my credit cards for everything because I'd rather save .01 on the dollar than pay full price anyway.


I wouldn't ever suggest that anybody should ever carry 100$ anymore.I n the old days before ATM machines before fast food restaurants, movies, and bagel shops took credit cards, then that was a different story. But now a days I would suggest in your area bringing 60 dollars cash and all credit cards.

So AshleyAMX if you go to your local mall and you want to get a burger king, McDonalds or Kentucky fried chicken and let's say for example your bill is about 7.00 to 9.00 would you pay cash, debit or use 1 of your credit cards?

if you were going to the movies and let's say it cost about 10.00 in your area would you pay cash, debit or use 1 of your credit cards?

When I go to a restaurant if I'm using a credit card and I leave the tip in cash.



Return to “The Lounge”

Who is online

Users browsing this forum: No registered users and 2 guests