Inherited 50 guns

[ZX9RCAM]

Paying cash online can be a hassle, but if I want it bad enough, I don't quibble about it.

I was actually thinking you meant a brick and mortar place, like a mom and pop store.
But yes.

 

[candcallen]

As stated previously the CC surcharge is built into the price at most places. They know that most people now days pay with a CC. So it is just part of the price that the merchant charges. If you pay cash the merchant just made an extra 3%.

There was a time not too long ago you could avoid paying that or getting it refunded by bitching to the card company because that wasnt supposed to be specifically passed on to the consumer. They wanted them to either stealth charge everyone as part of overhead and shut up about it or charge no one, which in reality is the same thing. They thought it would keep people from using credit cards and the fee was under 2 percent. Now some people go months without even touching cash and they dont care what's passed on as it wont make a difference.

 

[cherok2e]

Here's an example ; Capitalone Visa SavorOne

• Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
• No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
• 0% intro APR on purchases for 15 months; 15.74% - 25.74% variable APR after that
• 0% intro APR on balance transfers for 15 months; 15.74% - 25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
• No foreign transaction fee
• No annual fee
• It requires you to buy a certain amount/mo and I have raised all prices to cover the rewards. (for everyone cash or CC)

Some require for 5-6% back, as much as $3000/mo, have no annual fee, for dining and entertainment, rewards $240/yr or they will give an additional 1-2% if you increase to $1000/mo then you get grocery added, and rewards go to $480/yr

There is just not going to be someone give you money for nothing. Think about the borrowing $1 and needing $1.10 to pay it back. The next time you have to borrow $1.10 to pay the first $1 back and then $1.20 to pay the $1.10 …………….

 

[FireInTheWire]

I like using CC because it gives you muscle. All we gotta do is call our CC company and say someone is jacking us around. They take care of it.

 

[easy rider]

I was actually thinking you meant a brick and mortar place, like a mom and pop store.
But yes.

Take last night. I bought a Seekins handguard through Gunbroker. The regular price is around $200, but a place on there was selling it for $137 + 3% CC charge. I could send them a check and wait for it to clear, and in a couple weeks it would be sent to me. I decided to pay with my CC and spend the extra $3.50, rather than go through the hassle. I certainly saved more than if I bought through a place that didn't charge the fee anyway.

 

[ZX9RCAM]

Here's an example ; Capitalone Visa SavorOne

• Earn a one-time $150 cash bonus after you spend $500 on purchases within the first 3 months from account opening
  Earn unlimited 3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
• No rotating categories or sign-ups needed to earn cash rewards; plus cash back won't expire for the life of the account and there's no limit to how much you can earn
• 0% intro APR on purchases for 15 months; 15.74% - 25.74% variable APR after that
• 0% intro APR on balance transfers for 15 months; 15.74% - 25.74% variable APR after that; 3% fee on the amounts transferred within the first 15 months
• No foreign transaction fee
• No annual fee
• It requires you to buy a certain amount/mo and I have raised all prices to cover the rewards. (for everyone cash or CC)

Some require for 5-6% back, as much as $3000/mo, have no annual fee, for dining and entertainment, rewards $240/yr or they will give an additional 1-2% if you increase to $1000/mo then you get grocery added, and rewards go to $480/yr

There is just not going to be someone give you money for nothing. Think about the borrowing $1 and needing $1.10 to pay it back. The next time you have to borrow $1.10 to pay the first $1 back and then $1.20 to pay the $1.10 …………….

I pay off my CC at least twice a month.
I pay no interest, and haven't in years.
I also keep the required amount of money in my bank account.

If you and I walk in to a store, purchase the same thing, you pay cash, I use my CC, I'm getting money back.

Of course, it can't be a place offering discounts for cash, because I would use cash there myself.

 

[cherok2e]

Take last night. I bought a Seekins handguard through Gunbroker. The regular price is around $200, but a place on there was selling it for $137 + 3% CC charge. I could send them a check and wait for it to clear, and in a couple weeks it would be sent to me. I decided to pay with my CC and spend the extra $3.50, rather than go through the hassle. I certainly saved more than if I bought through a place that didn't charge the fee anyway.

This shows the real cost of credit with a 10oz. gold bar;

Quantity--Check / Wire------Bitcoin-------Credit / PayPal
1+ -----------$14,932.40-------$15,086.52-----$15,561.56

 

[easy rider]

I wasn't exactly buying gold.

 

[ZX9RCAM]

This shows the real cost of credit with a 10oz. gold bar;

Quantity--Check / Wire------Bitcoin-------Credit / PayPal
1+ -----------$14,932.40-------$15,086.52-----$15,561.56

That's an example of when you would use cash....

 

[Shady]

So you use your CC to send 14,932.40 to your paypal account download the cash to your bank send your check to the seller and get the cash price + the creditcard kickback

This shows the real cost of credit with a 10oz. gold bar;

Quantity--Check / Wire------Bitcoin-------Credit / PayPal
1+ -----------$14,932.40-------$15,086.52-----$15,561.56

 

[cherok2e]

I wasn't exactly buying gold.

Gives you enough spread to see the problem.

Sorry Amanda Deeann, for crashing your board, I'm out of here.

 

[ZX9RCAM]

So you use your CC to send 14,932.40 to your paypal account download the cash to your bank send your check to the seller and get the cash price + the creditcard kickback

If that's not different from getting cash out of the card, the interest would be terrible.
I have no idea if your plan would work.

 

[ZX9RCAM]

Gives you enough spread to see the problem.

Sorry Amanda Deeann, for crashing your board, I'm out of here.

I don't see any problem the way I do it.

 

[cherok2e]

So you use your CC to send 14,932.40 to your paypal account download the cash to your bank send your check to the seller and get the cash price + the creditcard kickback

Does that fit in your cash back category?

 

[Dad_Roman]

If that's not different from getting cash out of the card, the interest would be terrible.
I have no idea if your plan would work.

Yea, didnt do the math but the concept was funny as hell.

 

[avvidclif]

It's simple. If the price is the same, Cash or Credit, I use credit for 2 reasons. It's safer and I get some back. If you are dumb enough to pay cash when there is no discount for it that's your problem. All that has been pointed out is some places give a discount for cash which the CC companies frown on.

 

[Vaquero]

Sigh

 

[easy rider]

Gives you enough spread to see the problem.

Sorry Amanda Deeann, for crashing your board, I'm out of here.

My example was that I paid the small price in time and hassle, the lowest I could have gotten that part without the charge was about $10 more.

 

[ZX9RCAM]

Does that fit in your cash back category?

Actually, I think I only get money back on the first $3k charged per month, don't really remember.

 

[SQLGeek]

I also keep the required amount of money in my bank account.

This is key. Every cent put on the credit card is accounted for in the budget.