To: Errant
My first card, in 1963 was an "Esso" card, good only for anything sold at their gas station chain, my second card was an American Express, some time in the 60s. The AMEX card may not be considered a credit card because the balance was due in full, every month. Nowadays AMEX has an actual credit card.
I've used credit cards over my adult life time and actually paid interest in the earlier years but it's been many years since I've paid a dime in interest. my current c.c. has a balance of about $2500, by the end of the credit cycle, it will be around $4,000, which I will pay in full. $4,000 is about my usual monthly balance, on which I get a 01.5% cash rebate or about $60 per month. I cash in just before Christmas time for an extra $700-$800 Christmas cash.
I have no idea what any of my cards charge in inrterest nor do I care, I don't pay it, whatever it is.
39 posted on
01/23/2014 10:04:22 PM PST by
Graybeard58
(_.. ._. .. _. _._ __ ___ ._. . ___ ..._ ._ ._.. _ .. _. .)
To: Graybeard58
Wow, you should spend $40,000 a month and you could then get back $600 a month. Never mind the CC company's take is only about $1200. A well deserved reward for them considering the risk of never seeing their money again. Of course the business just ups the prices on their goods so they're not out much in merchant fees, accounting services, fraud, chargebacks and etc. A perfect example of a win-win-lose if ever there was one. And hey, 1.5% back beats 0.15% interest on a savings account any day. What's that inflation rate again?
40 posted on
01/23/2014 11:00:38 PM PST by
Errant
(Surround yourself with intelligent and industrious people who help and support each other.)
To: Graybeard58
Diners Club was my first card. Not even sure they exist anymore.
Back to BitCoin, I use it to pay for my TorGuard, which makes it even harder to trace my account to anybody, as using BitCoins is anonymous. Sure, they can track who bought bitcoins, but they can’t trace what the bitcoins were used to purchase.
Would I invest in them. Probably not. But for now, it’s a work-around to having your credit card tied to a TorGuard service.
41 posted on
01/24/2014 1:04:41 AM PST by
esoxmagnum
(Turtles don't win fights. Victory belongs to the aggressor, not the guy hiding in a bunker.)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson