View Poll Results: How do you pay - cash or card?

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  • Always with my card

    13 17.33%
  • Mostly with my card

    41 54.67%
  • Mostly cash

    17 22.67%
  • Always cash

    3 4.00%
  • I can't decide

    1 1.33%
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Thread: How do you pay - cash or card?

  1. #41
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Dirt Racer View Post
    I use my debit card for everything.
    Quote Originally Posted by Dragonfly View Post
    Ooooo....to be fair...I tend to call a debit card a credit card. 95+% of all my non-cash purchases are using my debit card.
    Quote Originally Posted by Gaius46 View Post
    Since the gist of the OP seemed to be more related to tracking of purchases than to carry debt I answered ""mostly card" but in my case I mean debit card.
    HOLY @*)#&ING #)$(&*!! That's incredibly risky.

    If your debit card number manages to get itself stolen, you're held directly liable for the crook's purchases because it's linked directly to your bank account. Even if you keep little money in the account or have "identity theft" insurance - your bank and your insurance will still go after you. Their lawyers trot out the "You should have known better and used credit," and you have no counter argument. It'll further destroy your credit history and you'll never be able to borrow money / have credit again.

    It's why credit is 1,000x safer. The crook is using your credit, but the credit card company's money. Those companies take out insurance on identity theft, actively screen for fraudulent purchases and will be inclined to forgive you if you are able to quickly report the fraud. Basically you're enlisting the resources of the credit card to protect you.

    In addition - your "safety precautions" don't matter one stinking bit. Today's crooks do not go after you - they go after the gas stations, stores, restaurants and utility companies. That's because almost every company today stores your debit/credit information (without your consent or knowledge) and fails to sufficiently protect the information. It's mind-blowingly easy for a crooked employee to attach a skimmer to the card reader or for someone to hack a company database and sell the data. It sucks, because there's NOTHING you can do to prevent it.
    Last edited by brothern; 10-30-13 at 01:12 PM.

  2. #42
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    Re: How do you pay - cash or card?

    Quote Originally Posted by brothern View Post
    HOLY @*)#&ING #)$(&*!! That's incredibly risky.

    If your debit card number manages to get itself stolen, you're held directly liable for the crook's purchases because it's linked directly to your bank account. Even if you keep little money in the account or have "identity theft" insurance - your bank and your insurance will still go after you. Their lawyers trot out the "You should have known better and used credit," and you have no counter argument. It'll further destroy your credit history and you'll never be able to borrow money / have credit again.

    It's why credit is 1,000x safer. The crook is using your credit, but the credit card company's money. Those companies take out insurance on identity theft, actively screen for fraudulent purchases and will be inclined to forgive you if you are able to quickly report the fraud. Basically you're enlisting the resources of the credit card to protect you.

    In addition - your "safety precautions" don't matter one stinking bit. Today's crooks do not go after you - they go after the gas stations, stores, restaurants and utility companies. That's because almost every company today stores your debit/credit information (without your consent or knowledge) and fails to sufficiently protect the information. It's mind-blowingly easy for a crooked employee to attach a skimmer to the card reader or for someone to hack a company database and sell the data. It sucks, because there's NOTHING you can do to prevent it.
    You are right it is risky. For that reason I don't keep much in that account and I have another account I draw from to replenish. My Direct Deposits go into the alternate account. I also check my credit report often enough to make sure no one is nailing me.

    My credit score is in the low 800's right now with no signs of identity theft ( knock on wood ) We just checked as we are getting ready to buy a new home.

  3. #43
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Canell View Post
    They track random bank-notes?
    the stores have cameras, the stores keep copies of receipts. if "they" wanted to, "they" could track you with cash purchases almost as easily as with card purchases.
    The best argument against democracy is a five-minute conversation with the average voter.

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  4. #44
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    Re: How do you pay - cash or card?

    I've been in the military for 29 years. The gubbermint has had my fingerprints on file since 1984. They've had a DNA sample on file since the mid 90s. If they wanted to track me, they could use satelites (I've seen google earth images of my house where you can freakin read my license plate number). Using cash instead of a debit/credit card (FWIW the only credit card I have is my govt travel card the army forces me to have) does very little to prevent big brother from knowing where I am or what I am doing (if they really cared to find out)

    an added bonus of never carrying cash: any time some hobo or bum asks me for money, I can honestly tell them that I don't have any cash.
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

  5. #45
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Gaius46 View Post

    We got into trouble with debt when we were just married kids. Now the only debt we carry is the mortgage. Every thing else gets paid with money in the bank.
    I think most of us have been there at one time or another. When I was young and dumb, I had a taste for prime rib on a hamburger budget. Now I can afford the prime rib and ironically am very content with hamburger much of the time.

  6. #46
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    Re: How do you pay - cash or card?

    Quote Originally Posted by brothern View Post
    HOLY @*)#&ING #)$(&*!! That's incredibly risky.

    If your debit card number manages to get itself stolen, you're held directly liable for the crook's purchases because it's linked directly to your bank account. Even if you keep little money in the account or have "identity theft" insurance - your bank and your insurance will still go after you. Their lawyers trot out the "You should have known better and used credit," and you have no counter argument. It'll further destroy your credit history and you'll never be able to borrow money / have credit again.

    It's why credit is 1,000x safer. The crook is using your credit, but the credit card company's money. Those companies take out insurance on identity theft, actively screen for fraudulent purchases and will be inclined to forgive you if you are able to quickly report the fraud. Basically you're enlisting the resources of the credit card to protect you.

    In addition - your "safety precautions" don't matter one stinking bit. Today's crooks do not go after you - they go after the gas stations, stores, restaurants and utility companies. That's because almost every company today stores your debit/credit information (without your consent or knowledge) and fails to sufficiently protect the information. It's mind-blowingly easy for a crooked employee to attach a skimmer to the card reader or for someone to hack a company database and sell the data. It sucks, because there's NOTHING you can do to prevent it.

    OKAY - if you really want to get completely technical, it's a credit card/debit card bank card.
    Backed by VISA.

    When asked by cashiers if I want debit or credit I always chose credit.
    The bottom line is, the funds are always immediately pulled directly from my bank account.
    I don't incur any interest debt or wrack up any debt.

    This is exactly the same card I had stolen once and the bank covered 100% of the charges by the thief.

    Same thing also happened to my wife before we were married. Her card was stolen. Bank covered it all.

  7. #47
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    Re: How do you pay - cash or card?

    Quote Originally Posted by brothern View Post
    HOLY @*)#&ING #)$(&*!! That's incredibly risky.

    If your debit card number manages to get itself stolen, you're held directly liable for the crook's purchases because it's linked directly to your bank account. Even if you keep little money in the account or have "identity theft" insurance - your bank and your insurance will still go after you. Their lawyers trot out the "You should have known better and used credit," and you have no counter argument. It'll further destroy your credit history and you'll never be able to borrow money / have credit again.

    It's why credit is 1,000x safer. The crook is using your credit, but the credit card company's money. Those companies take out insurance on identity theft, actively screen for fraudulent purchases and will be inclined to forgive you if you are able to quickly report the fraud. Basically you're enlisting the resources of the credit card to protect you.

    In addition - your "safety precautions" don't matter one stinking bit. Today's crooks do not go after you - they go after the gas stations, stores, restaurants and utility companies. That's because almost every company today stores your debit/credit information (without your consent or knowledge) and fails to sufficiently protect the information. It's mind-blowingly easy for a crooked employee to attach a skimmer to the card reader or for someone to hack a company database and sell the data. It sucks, because there's NOTHING you can do to prevent it.
    At least in my case with my bank - Citibank - this is not the true. I've contested three unauthorized usages of my debit over the last 5 or 6 years and Citi reversed every one of them. The most recent I forgot my card in a gas pump and some later customer charged $150 worth of gas to fill three of his cars to it. The pump asks for your billing zip code and since the station is around the block from my home the thief guessed the correct zip code.

    Citibank issued a provisional credit within a day of my emailing them the form they wanted and made it permanent within a couple of weeks.
    Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7

  8. #48
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Dragonfly View Post
    OKAY - if you really want to get completely technical, it's a credit card/debit card bank card.
    Backed by VISA.

    When asked by cashiers if I want debit or credit I always chose credit.
    The bottom line is, the funds are always immediately pulled directly from my bank account.
    I don't incur any interest debt or wrack up any debt.

    This is exactly the same card I had stolen once and the bank covered 100% of the charges by the thief.

    Same thing also happened to my wife before we were married. Her card was stolen. Bank covered it all.
    same here.
    The best argument against democracy is a five-minute conversation with the average voter.

    An appeaser is one who feeds a crocodile, hoping it will eat him last.

  9. #49
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Dragonfly View Post
    Ooooo....to be fair...I tend to call a debit card a credit card.

    95+% of all my non-cash purchases are using my debit card.

    I assume from the OP's conspiracy point of view - it's the same thing.
    Yes, by "card" I meant credit OR debit card. For the record id doesn't matter.

    Quote Originally Posted by brothern View Post
    HOLY @*)#&ING #)$(&*!! That's incredibly risky.

    If your debit card number manages to get itself stolen, you're held directly liable for the crook's purchases because it's linked directly to your bank account.
    On this side of the pond (Europe) when you buy something with a card you are asked to enter PIN. How would someone that stole your card or card number know your PIN if it is in your head only?

  10. #50
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    Re: How do you pay - cash or card?

    Quote Originally Posted by Canell View Post
    Yes, by "card" I meant credit OR debit card. For the record id doesn't matter.



    On this side of the pond (Europe) when you buy something with a card you are asked to enter PIN. How would someone that stole your card or card number know your PIN if it is in your head only?
    In the U.S. debit cards can work as credit cards and be processed through the VISA or MasterCard systems. In that case a PIN isn't required. The only time you must use a PIN is if you go to an ATM. Though some places - it seems random to me - require entering the billing address zip code for purchase done through the VISA or MasterCard systems.
    Don't be a grammar nazi - Marcus Aurelius, Meditations, Book 1 #7

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