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Does Your Heart Pound In Your Mouth When Visa Bill Arrives?

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Pillar of the Community
canadian_coins's Avatar
United States
2408 Posts
 Posted 02/10/2011  8:42 pm  Show Profile   Bookmark this reply Add canadian_coins to your friends list Get a Link to this Reply
wow. I must admit I am a bit shocked. Maybe coin collectors are more inclined to dislike credit (because it isn't real money?). I feel like I've stepped into an AA meeting with a glass of wine.

Personally, I've always used credit cards because, heck, I get 28 days of free money for the same purchase I would have done otherwise. I don't spend more on credit because I know this is just a buffer.

I've said this before, using a debit card is a liability that I won't take, no matter what. I've been there and got bitten... just search google if you don't trust me.

Using cash (except for coffee) is even worse for many reasons and I will spare the lecturing here.

Burning credit cards? Not for me thanks.
Pillar of the Community
DNA's Avatar
United States
2734 Posts
 Posted 02/11/2011  02:18 am  Show Profile   Bookmark this reply Add DNA to your friends list Get a Link to this Reply

Quote:
Maybe coin collectors are more inclined to dislike credit.

1. You don't get circulation finds in your change when you don't get change.

2. I wouldn't have my stash of junk silver saved from my change if I'd been paying with cards for the last 30 years.

3. Coin dealers also prefer cash, and offer discounts/special deals for paying in cash. Many other small businesses also offer special cash deals. They like to avoid the 1% to 2% card fees when possible.

4. Cash has no magnetic strips to wear out.

All that said, I'll second canadian_coins that I'd rather have a credit card anyday versus a debit card. $50 fraud limit (vs. total account cleanout!), and the protection of a chargeback in case of a dispute with a retailer.
Valued Member
tamshowoff's Avatar
United States
326 Posts
 Posted 02/11/2011  09:45 am  Show Profile   Bookmark this reply Add tamshowoff to your friends list Get a Link to this Reply
Unfortunatly some companies require a credit card as proof of identity. Try renting a car without one. The key is use them and pay them off at the end of the month.
Pillar of the Community
United States
2600 Posts
 Posted 02/11/2011  10:03 am  Show Profile   Bookmark this reply Add Jim1953 to your friends list Get a Link to this Reply
Sorry, never...NEVER buy coins on credit. If you can't budget the monthly income to allow some purchases this is the wrong past time.
Jim
Pillar of the Community
timsumrall's Avatar
United States
1256 Posts
 Posted 02/11/2011  10:34 am  Show Profile   Bookmark this reply Add timsumrall to your friends list Get a Link to this Reply
I only buy coins if I sell. Makes it tough for higer priced stuff but only becasue I have to wait! I cheat and use cash on supplies sometimes but that's just supplies :)
Valued Member
TwoCentsWorth's Avatar
Canada
250 Posts
 Posted 02/11/2011  12:25 pm  Show Profile   Bookmark this reply Add TwoCentsWorth to your friends list Get a Link to this Reply
I just buy coins when my wife isn't looking.
Valued Member
Meldercat's Avatar
Canada
268 Posts
 Posted 02/12/2011  11:31 am  Show Profile   Bookmark this reply Add Meldercat to your friends list Get a Link to this Reply
I buy coins all the time on my credit card. The secret is to never carry a balance.
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