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Feb 10, 2016
3:04
:43
pm
ds7
All-American
and now we have venmo
my extended family uses it...it's the next generation of credit cards...
credit cards will be like checks within 3-5 years.
Watch this video on YouTube
This message has been modified
Originally posted on Feb 10, 2016 at 3:04:43pm
Message modified by ds7 on Feb 10, 2016 at 3:05:02pm
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ds7
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ds7
Joined
Oct 30, 2011
Last login
May 2, 2024
Total posts
50,321 (4,837 FO)
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Messages
Author
Time
Can we put an end to the myth that credit cards are evil and we should never use
Machiavelli127
2/10/16 2:59pm
I actually buy dave's argument you do freely spend more just swiping a card
RdF3
2/10/16 3:01pm
Yep, I understand that viewpoint, but if you're a grown adult you need to learn
Machiavelli127
2/10/16 3:04pm
"if you're a grown adult you need to learn some self control and basic
Cougarfan777
2/10/16 3:36pm
That's a fair point, but only to a certain extent.
Machiavelli127
2/10/16 3:45pm
Too many people get too many cards to fast. Inevetably there comes a time
Cougarfan777
2/10/16 4:01pm
Well that's your problem right there...nobody is saying it's a good idea
Machiavelli127
2/10/16 4:45pm
I think we agree. Where I am being cautious is that all people's brains do not
Cougarfan777
2/10/16 5:10pm
Carrying a balance doesnt help your credit score at all. I track it weekly on
Machiavelli127
2/10/16 11:28pm
my brain has made the switch. I'm not a caveman
Mayor of Cougartown
2/10/16 3:19pm
Dave Ramsey is a moron.
RichieRich
2/10/16 3:04pm
Pretty sure he's evangelical
Moab Rising
2/10/16 3:06pm
think of how much money he's made on this.
TN_Coug
2/10/16 3:07pm
RE: Dave Ramsey is a moron.
Bullrider
2/10/16 3:14pm
I don't take advantage of stupid people.
RichieRich
2/10/16 3:31pm
and now we have venmo
ds7
2/10/16 3:04pm
wut?
mulletYno
2/10/16 3:05pm
I love venmo. Now there are no excuses for people not paying you back.
Duke Silver
2/10/16 3:11pm
I don't have the app.
Cougarrrs
2/10/16 5:17pm
You could also say the same thing about Apple pay, Samsung Pay, etc.
Machiavelli127
2/10/16 3:12pm
doubt it, unless they offer cash back and miles etc.
Mayor of Cougartown
2/10/16 3:20pm
Isn't this just paypal by a different name?
Cougarrrs
2/10/16 3:46pm
I don't think they're evil, but like any other tool, in the wrong hands or used
Wedgetail
2/10/16 3:07pm
It's a principle that some people absolutely need to live by.
sheriffcreg
2/10/16 3:09pm
Really good point...an improved credit score is another huge benefit.
Machiavelli127
2/10/16 3:16pm
agreed, credit cards know exactly what they are doing
Deleted
2/10/16 3:15pm
What were his other rules to live by?
Gente_Boa
2/10/16 3:32pm
It's not free money. It's a gamble on the creditors part, hoping you'll miss
Cougarrrs
2/10/16 3:39pm
It is free money if you do it correctly. There is no gamble.
Jeremy
2/10/16 3:49pm
Right. I've been doing it for 10 years
Westsider
2/10/16 3:53pm
You're the exception. As soon as people start being as responsible as you, there
Cougarrrs
2/10/16 4:05pm
Nah, the evil is greed and wanting what you can't afford.
Westsider
2/10/16 4:14pm
I somewhat agree, however the way that they are extended is quite evil.
Cougarrrs
2/10/16 4:41pm
Let me lay this out simply...
Machiavelli127
2/10/16 5:43pm
Let me rebut every single point, absolutely...
Cougarrrs
2/10/16 5:58pm
Likewise, I'll respond..
Machiavelli127
2/10/16 6:56pm
That's great that you are the exception but as I said before, the rule applies
Cougarrrs
2/10/16 9:05pm
This isn't exactly true. Credit card companies receive a fee every time you use
RdF3
2/10/16 4:08pm
^^This. Rewards $$ is just getting back a part of that fee
Westsider
2/10/16 4:11pm
those fees cover all sorts of things (insurance, systems maintenance, etc.)
Cougarrrs
2/10/16 4:44pm
sshhhhhhh why do you think those rewards exist? Keep quiet!
Jeremy
2/10/16 3:47pm
All Ramsey is saying is that CC's are an expensive way to fund a lifestyle that
vandersar
2/10/16 3:51pm
Yeah, that's exactly the wrong way to use a credit card.
Wadds
2/10/16 4:01pm
If someone is uncontrollably racking up debt on multiple credit cards,
Machiavelli127
2/10/16 4:38pm
dave ramsey treats credit cards like mormons treat beer....
idacoug
2/10/16 3:59pm
credit cards aren't evil, money isn't evil, but the love of money is the root of much of the evil in the world
Rooney
2/10/16 4:16pm
No we can't, because its not a myth. Props on those free airline miles, though.
WhyKnot
2/10/16 4:26pm
Cool, I will sit here collecting hundreds/thousands of dollars of cashback
Machiavelli127
2/10/16 4:48pm
Which card(s) do you have?
Cougarrrs
2/10/16 5:09pm
I guarantee if Machiavelli stopped using his credit cards and only used cash
WhyKnot
2/10/16 5:03pm
How can you guarantee this? You're making assumptions.
Westsider
2/10/16 5:11pm
I will glady wager a hefty sum if Mach takes me up and proves me wrong.
WhyKnot
2/10/16 6:53pm
How much? What evidence do you need? I can easily disprove your stupid challenge
Machiavelli127
2/10/16 7:05pm
I knew you were all talk.
Machiavelli127
2/10/16 11:21pm
You're absolutely wrong.
Machiavelli127
2/10/16 5:32pm
Which card(s) do you have?
Cougarrrs
2/10/16 5:42pm
I use the Chase Freedom card, which is 1% cash back on all purchases and 5%
Machiavelli127
2/10/16 6:59pm
Chase freedom is 5% on up to 1500 which max's the payout at $75.
Cougarrrs
2/10/16 9:27pm
It's extremely simple:
Machiavelli127
2/10/16 11:17pm
And like I said, for you that's great. You're the exception.
Cougarrrs
2/11/16 10:30am
Ok, but stop acting like it is a huge job to manage this stuff
Westsider
2/11/16 10:39am
It is huge. I pay about a dozen bills per month. You're saying pay these weekly
Cougarrrs
2/11/16 1:11pm
I don't see the need to pay the card off weekly
Westsider
2/11/16 1:21pm
He's the one who suggested that it was the appropriate course of action.
Cougarrrs
2/11/16 5:47pm
Pay off your CC's however often you want, as long as it's at LEAST once a month
Machiavelli127
2/12/16 9:19am
I knew you were all talk.
WhyKnot
2/10/16 6:52pm
You've offered nothing valuable to this conversation and your "challenge"
Machiavelli127
2/10/16 7:01pm
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