Comments on: Time to dump the credit cards?

By: Karen Datko

Karen Datko — Tue, 03 Nov 2009 22:06:18 +0000

Thanks for the mention, my friend. My CC company recently raised the interest rates, but I don’t care because I NEVER carry a balance. but if my CC company imposes an annual fee, I will be gone in a skinny minute.

By: threadbndr

threadbndr — Wed, 28 Oct 2009 19:03:05 +0000

Well, so far, my credit union is holding the line on cc fees (AND on the 7.9% interest – not that it matters to me much, since I usually pay in full).

I’m just hoping that they will continue to be ‘member oriented’. I’d hate to move to cash – I can NEVER track it and it seems to just melt out of my hands – unlike my debit and credit cards that I know to the penny what I’ve spent.

By: Saturday Staples: Personal Finance Reading : Yielding Wealth - Personal Finance Tips – Money Management Advice

Sat, 24 Oct 2009 14:24:28 +0000

[...] Time to dump the credit cards? from Funny about Money [...]

By: funny

funny — Fri, 23 Oct 2009 18:58:59 +0000

@ Revanche: Ditto to all that!

It’s possible that using merchants’ purchasing cards at stores where you shop routinely — such as Costco or Sam’s Club, your favorite grocery store, maybe Home Depot — might get around those issues. It would be “like” a credit card in that it’s fast and convenient at the cash register, but “like” cash in that you’d have to work at keeping a record of expenditures.

By far the largest chunk of my spending money ends up at Costco or in Costco’s gas pumps. So it would make sense, if the CC companies start gouging an anual fee out of everyone, to buy a card at Costco once a month. Maybe one at Safeway, too. It would eliminate a lot of check-writing, leaving only a few incidental purchases to be covered that way.

By: Revanche

Revanche — Fri, 23 Oct 2009 18:51:13 +0000

Oh I keep saying I’d just drop my CCs like a hot potato if they started charging me scurrilous fees, but it would certainly make me angry if that came to pass.

It’s how I keep track of my spending; cash spends too quickly, easily, and recordlessly!

I’m sure I could go back to writing checks, using my bank card *shudder* and such, but the inconvenience of it all would really drive me a little batty.