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Things That Are Bullsh*t (11 Viewers)

Chicken Rob said:
I live on my credit card. Every purchase possible. I just cashed in $1100 in cash back last month. I'd charge $1.06. Who carries cash any more?
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I use my credit card for almost everything, but I usually carry $500+ in my wallet at all times just in case a poker game breaks out somewhere. It's best to always be prepared :)
 
Chicken Rob said:
I live on my credit card. Every purchase possible. I just cashed in $1100 in cash back last month. I'd charge $1.06. Who carries cash any more?
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I do. I only use Amex for personal charges over $200. I carry another CC for business only and a debit card. I usually carry at least a couple of c-notes or more sometimes. I love the way they look.
Funny but when I go to the bank and get cash I always ask them for $100 bills. I tell them I prefer them because I love collecting them!
 
bentax1978 said:
Somewhat on topic, I saw McDonalds had blueberry pies for $0.99 each or two for $1.00.

I need to know what kind of person would pass on the second pie.
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When i was in High School I would sell fireworks for some extra scratch. This was way back when a pack of baseball cards sold for 30¢ just for perspective... They were (and probably still are) illegal in Michigan, but my older brother would drive to Ohio by them by the gross and have me sell them for 15¢ a pack (of which he would give me a nickle). Of course I would sell them for 25¢ a pack netting me even more profit, but ultimately I needed to expand into more volume. So the football team's star linebacker walked up to my locker one day and asked how much for firecrackers. I quickly snapped off a deal "25 cents a pack, or 3 for a buck." Before I could facepalm what just fell out of my mouth, he snap called "give me 3".

Maff iz hard.
 
bentax1978 said:
I use my credit card for almost everything, but I usually carry $500+ in my wallet at all times just in case a poker chip set game breaks out shows up for sale somewhere. It's best to always be prepared :)
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FYP.
 
BGinGA said:
FYP.
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I almost included that was well, but it seemed a lot less likely. I've actually been in situations where I was out and the opportunity to go straight to an unplanned poker game and made use of the extra cash I had on my person.

However, you are correct, it never hurts to be prepared for an unanticipated (cash only) chip purchase. :)
 
bentax1978 said:
I use my credit card for almost everything, but I usually carry $500+ in my wallet at all times just in case a poker game breaks out somewhere. It's best to always be prepared :)
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I have a poker roll too, but like courage says, I don't waste it buying stuff.
 
Poker Zombie said:
When i was in High School I would sell fireworks for some extra scratch. This was way back when a pack of baseball cards sold for 30¢ just for perspective... They were (and probably still are) illegal in Michigan, but my older brother would drive to Ohio by them by the gross and have me sell them for 15¢ a pack (of which he would give me a nickle). Of course I would sell them for 25¢ a pack netting me even more profit, but ultimately I needed to expand into more volume. So the football team's star linebacker walked up to my locker one day and asked how much for firecrackers. I quickly snapped off a deal "25 cents a pack, or 3 for a buck." Before I could facepalm what just fell out of my mouth, he snap called "give me 3".

Maff iz hard.
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I used to promote punk rock shows in the mid 80s through the early 90s, and we occasionally were able to get a hookup for free soda to sell as concessions. We sold it as 1 or 2 for a dollar, because we didn't want to make change. Some people bought 1.
 
slisk250 said:
credit cards FTW with cash back but a debit card? Maybe I've been away too long?
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Most debit cards are good for some weaksauce like 0.1% cash back as well - back when I was broke with a credit rating in the 500s I used to get really excited about that $30 every 2 years. :ROFL: :ROFLMAO: But mostly nobody (that isn't a degen) carries ANY cash around anymore...

Now my lifetime credit card rewards probably cover all my chips (well, maybe not, but close. ;)) AND you don't have to actually pay for a month? Sweet!
 
Paypal's debit card offers 1% cash back on non-PIN transactions. Not great but it's something I guess.
 
Our Amex (which we rarely/never use online) averages us a smidgen over 2% per year. It doesn't sound like a lot, but it adds up to a mortgage payment or 2 each year.

Our Amazon card gives us 5% back. We only use it on Amazon for full benefit - and most household stuff is now coming to us from Amazon.

We also have an online credit card that gives us cash back as well. It varies around a bunch where it gives the best cash back and I don't chase it, but it's gravy worth triple digits, and when it gets hacked (3x now) it doesn't cause us much trouble because we have fallback options.
 
Poker Zombie said:
Our Amex (which we rarely/never use online) averages us a smidgen over 2% per year. It doesn't sound like a lot, but it adds up to a mortgage payment or 2 each year.

Our Amazon card gives us 5% back. We only use it on Amazon for full benefit - and most household stuff is now coming to us from Amazon.

We also have an online credit card that gives us cash back as well. It varies around a bunch where it gives the best cash back and I don't chase it, but it's gravy worth triple digits, and when it gets hacked (3x now) it doesn't cause us much trouble because we have fallback options.
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Low mortgage or high spending?

I get about a 1/2 mortgage payment per year across all cards.
 
Chicken Rob said:
Low mortgage or high spending?

I get about a 1/2 mortgage payment per year across all cards.
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Tiny (1300 sq ft) rural house in Tennessee = low mortgage. Everything on credit card (including vehicle down payment and buying food for the firehouse every 3rd day) = high spending.

Paying off the bill every month = priceless.
 
Chicken Rob said:
Low mortgage or high spending?
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That's what I was thinking, I assume maybe a little bit of both? I know cost of living is all usually relative, but even with how much we could put on cards for a mortgage in the Seattle area, and admittedly we have way more house than we need, we couldn't do that.


***Just saw your post while I was posting PZ, yeah, that's what I figured. I do the same thing, while I do carry cash I try to put a lot on credit cards and pay them off every month, definitely feels good and my cards, even my debit cards, offer some sort of buyer protection as well so that's a good thing.
 
Poker Zombie said:
Tiny (1300 sq ft) rural house in Tennessee = low mortgage. Everything on credit card (including vehicle down payment and buying food for the firehouse every 3rd day) = high spending.

Paying off the bill every month = priceless.
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I haven't had a credit card balance since 1998. I think it's important to live within your means. Despite that, the biggest factor dragging my credit score down is high debt compared to available limits, because they take a snapshot when my balances are high, even though I pay in full every month. Stupid system.

Things that are bullshit: credit score algorithms.
 
12thMan said:
No shit, that's how they do it? I've never ran into that, but damn that is bullshit.
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I don't know if they all do it this way, but all of my credit cards report the statement balance to the credit bureaus each month. If you want to lower your apparent debt load (if you're paying in full each month, it's not like you're trying to get away with anything), you can pay before they calculate the statement balance. This could help if you need to have a stellar rating to get the best rate on something.

On topic, credit cards that greatly reduce their cash back.
 
Split said:
I don't know if they all do it this way, but all of my credit cards report the statement balance to the credit bureaus each month. If you want to lower your apparent debt load (if you're paying in full each month, it's not like you're trying to get away with anything), you can pay before they calculate the statement balance. This could help if you need to have a stellar rating to get the best rate on something.

On topic, credit cards that greatly reduce their cash back.
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Good tip. Mycreditkarma says I can squeak about 10 points by lowering my balance. I'm already at 760 and 780 depending on agency, and I'm not planning any financing in the near future, but I'm glad to hear the tip. I might try it for a couple months just for shits and giggles.
 
jbutler said:
Like times a trillion. These people are horrible. One step below businesses with a minimum to use a card.
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What is bullshit about the minimum is that most merchant services agreements have a provision that you are not allowed to decline payment from the cards you accept no matter the amount.*

*Except for maximums
 
tommythecat said:
What is bullshit about the minimum is that most merchant services agreements have a provision that you are not allowed to decline payment from the cards you accept no matter the amount.*

*Except for maximums
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FWIW, as of 2010 (Dodd-Frank Wall Street Reform and Consumer Protection Act), merchants can now legally set a minimum so long as it is no higher than $10.
 
tommythecat said:
Was '04-'05 when I had my piercing business. Man was I stupid back then...
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I did digital audio work, and CD and cassette duplication. Glad I got out. That industry barely exists anymore.

I worked 80-100 hours per week for very little money. Our business model was not very good, but we had a hell of a time.
 
Chicken Rob said:
I did digital audio work, and CD and cassette duplication. Glad I got out. That industry barely exists anymore.

I worked 80-100 hours per week for very little money. Our business model was not very good, but we had a hell of a time.
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I quit my job and ended up losing my house after starting that business. If I was smart I wouldn't have quit my job and only did it part time like I had up until then. Dollar signs in my eyes and excitement over being a "business owner" owned my feeble little brain.
 
Chicken Rob said:
Our business model was not very good, but we had a hell of a time.
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Like this good a time?

chicken.jpg
 
Quality (or lack thereof) of unwashed cash poker chips, from the so-called largest casino brand, in the UK, Grosvenor...just bullshit! Yes, I washed this one, before taking it home, with me. I was one of the unfortunate ones stuck with a 25p chip, because of a split pot, in a .50/1 ring.

These casinos make a killing on the table cards games, video slots, 25-30% entry fees in tournaments, and they can't invest enough coin on decent poker chips?
 

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