Re: Cash Back Credit Cards

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Article #165

#165

From: George Grapman
Date: Wed, 05 Sep 2007 20:45

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SpammersDie wrote:
> "George Grapman" <sfgeorge@paccbell.net> wrote in message 
> news:skADi.13266$3x.10649@newssvr25.news.prodigy.net...
>>    If a retailer is hacked at the  most you have the inconvenience of 
>> getting the charges removed from the bill.
> 
> As I said, everyone needs to weigh the costs and benefits for themselves.
> 
> For someone who's already well off and can't spend what he already has, the 
> cash back is not worth the "inconvenience" no matter how small. You only get 
> so many years on this planet.
> 
> I'm not saying everyone should choose not to use plastic for the rewards.
> 
> I'm just against blanket statements that say everyone *should* use them.
> 
> 
>>  I recently took a ten day vacation. I never had more than $50 cash on me. 
>> I used my credit card for larger purchases and my debit card when I wanted 
>> cash back either from a merchant or an ATM (my credit union allows no fee 
>> withdrawals at many other credit union ATMs as well as the 7-11 network.
>>
>>  The alternatives would have meant carrying a lot of cash with me or using 
>> travelers checks. The former entails the risk of theft or loss,the latter 
>> requires finding a store that takes them and going through the ID 
>> verification process.
> 
> Certainly, there are other benefits to plastic besides the cashback. (It 
> just wasn't part of the original argument.)
> 
> Though I'd pick the risk of losing a pocketful of cash over having 
> fraudulent cc charges. The former is an event with a beginning and end and 
> your total loss is known upfront. When the fraudulent chages show up on your 
> card, it can be a long time before you're sure whether it's "just getting 
> the charged removed" or the start of a major identity-theft nightmare that 
> could last for years. The uncertainty and lack of clear closure can be just 
> as bad or worse than the financial loss.
> 
> 
> 
> 
    I would still prefer the problems you mentioned over the risks of 
carrying a large amount of cash with me on a trip.

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From: George Grapman <sfgeorge@paccbell.net>
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Subject: Re: Cash Back Credit Cards
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