I can pay with a credit card, get benefits from that, and pay the bill in full at no interest cost.
Count me as a JPM Credit Card superuser. I get about ~$3000 worth of travel points on my Chase Sapphire Reserve card/year + Freedom card at 5x rotating cats (and transfer points to sapphire card) between my personal and work spend, and take advantage of the shopping portal for bonus points.
You’ll save yourself a lot of money.
In most instances, credit is trap.
Looks pretty nice from the outside, and then they have you.
Yes. The card gives you a debt, not a credit, so it should be called a debt card.
“Cash on the barrel head for me. If I can’t pay for it on the spot, then I will live without until I can. “
We get 2% to 6% back on most purchases!
Suck on that!
Ive had a few free trips to Europe with my Chase card...
Thanks JP ...
I pay the balance on the card each month so I never have any interest
:)
“Straight Cash, Homey.”
Well, JPM offered me a 12 month 0% cash advance so I snapped up $9K that will save me about $350 elsewhere. I’ll shed no tears for JPM, thank you. My understanding is that they were given quite a bit of government largesse in the form of zero interest loans circa 2008 and for a decade have been able to borrow at near nothing, arguably at the expense of depositors who’ve eaned that same near nothing for that same decade.
In 2016, JPM stock was $53 and Jamie Dimon announced he was buying his stock. (easiest stock trade in recorded history) JPM stock is today $106, exactly double that, despite being down from $112-114.
Again, I shed no tears for JPMorgan.
Mrs Spokeshave doesn’t believe in credit cards. ,buries the money in a tin can somewhere in the garden.
Gee, so they only made 8.02 profit for the quarter. They’re doomed.
We credit card anything and everything possible for the points and convenience of it. Then pay the bill off monthly and thus never get charged interest.
Another bennie is having a very high credit score by accruing bills like this and paying them off. My score is about 843, wife’s is 846 or something like that. The benefit here is low interest loans compared to those that represent high risk with a low score.
Buried in an otherwise positive second-quarter earnings report Friday, in which the bank announced a record $8.32 billion profit,
...
Forget about that record profit.
Don’t use it as a credit card. Use it as a debit card. Never charge more than you can pay each month.
Benefits are 1.5% back on all purchases and quartly 5% cash back at different vendors. This quarter is 5% back on gasoline purches.
When you pay cash you are subsidizing CC users...like me...Thank you.
This reminds me of when my job offered 6 hours leave time in lieu of pay as a budget cutting method. The staff took off more vacation time, this requiring more overtime. It cost them far more than if they had simply paid us for the 4 hours. They assumed we would simply bank the leave time and not use it. Wrong!
CC
Credit card companies drive the overall cost by only paying a percentage to the retailer for a guaranteed pay out. So everybody that uses credit cards drive the cost up and that’s a fact. as guilty as everyone else of using credit card to get hey percentage back on the deal But the truth of the matter is if I retailer would offer me a discount to pay cash I would. But the world is too stupid to understand this ends we get points cashback airline miles… To use a piece of plastic so someone else can scam money off the transaction.
I can fly around for free because of my AA mastercard.
First Class.
You must never need to rent a car or reserve a hotel room, some will work with debit but dislike it and will put a hold on their payment amount to make sure it’s there come time to complete the transaction.
A $330m charge based on $8.32b in profit?
Boo-hoo, Chase.
You are not alone, FRiend.
I paid off and cancelled my last credit card in December 1999. My only bill is the mortgage and utilities. I even place money every month into a separate account so I can pay cash for new vehicles (new to me) when the old ones finally give up the ghost.
We had to get used to not buying something we wanted but now we can't envision ever having debt and it is so nice knowing that everything we have has been paid with no debt or interest. We may not have as many toys as some of our neighbors but I would rather know I owe no one.