On 8/6/2013 2:20 PM, basilisk wrote:
On Tue, 06 Aug 2013 13:15:25 -0500, Leon wrote:

On 8/6/2013 12:43 PM, basilisk wrote:
On Tue, 06 Aug 2013 11:56:54 -0500, Leon wrote:

On 8/6/2013 11:08 AM, Larry Blanchard wrote:
On Tue, 06 Aug 2013 10:25:17 -0500, Leon wrote:

I currently use a Discover card for everything that I can use it for. I
have had it for 26 months and Discover has PAID ME $1300.00 to use it.
Prior to that Citibank paid me an average of $50 a month to use their
card for about 4 years. Before that a GM card that knocked off an
additional $6500.00 on vehicle purchases after I made my deal. I pay
these cards off monthly and have not paid interest or fees on a CC since
1983 and that was a one month mistake.

Other than the vehicle purchase, my story is similar. But with all the
snooping the NSA's been doing, I may go to cash on general principles :-).


Security cameras are everywhere, they can watch you spend your cash too.
LOL

Good point, but I sometimes wonder if we aren't selling our souls for a
few
reward points and dribblings of interest.

basilisk


Do you consider in excess of $10K to be a few reward points and or
dribblings?

No, but it is all relative, for me reward points contributes a thousand
dollars a year or so to my bottom line(thankyou Visa).

I still perfer to deal in cash when possible, I live frugally except for
a few areas, and those things I do spend a lot on are usually cash.
This is a problem sometimes, buying cars and such with cash draws unwanted
attention as it is considered not playing by the rules.
I even once had a Ford dealer refuse a cash deal, strange world we live
in.

Now I am really confused. You earn $1000 per year from charges but a
majority of your spending is done so with cash, you are still charging a
load each year considering that you prefer to pay cash.
I assume you define cash as strictly government issued currency, not a
check. Car dealerships and for that matter any business that receives
cash payments, government currency, in excess of $10,000 are required to
report that transaction to the government. This is a burden for the
business to provide extra documentation. Regardless your purchase of an
automobile is documented with the state government no matter how you pay
for it.






The argument can be made for running every penny through
a credit card and taking every reward possible. I'm not comfortable
doing it. YMMV

basilisk