I love credit cards so much! v2.0 (see first page for add'l details)

[wed100105]

so yesterday I was setting up insurance on ds's new car.... what happiness I felt when my agent told me we'd save an extra $100 if we paid in full right now using a cc...... WoH MSR is a little too easy now! def. something you all would understand....(and now ds gets to pay me back..the bank of Mom lol)

I've been making a few calls this morning. I need to convince DH that we don't need escrow anymore. He said, "Why would we want to give it up? It's so easy." Not sure he's 100% on board yet. That would be a big chunk since our farm insurance is around $3000.

I did find that I can pay my farm, home, and auto insurance with a credit card without any additional charges or penalties. It's about $7000 a year that I could be earning rewards, plus I'd save $12 a year on the monthly auto-withdraw fee that we currently pay. (DH's choice years ago that I never balked.)

 

[Judique]

Very true. I think he does mostly speak common sense and hard facts that people need to hear- mainly, if you have 70k in credit card debt, quit going out to eat and buying stupid crap. It's interesting to listen to his show though because you can totally hear it in some people's voice that they're not going to follow through when he tells them to sell their car with an $1100/month car payment (actual one I heard yesterday) and buy a beater.

Yikes! 70K debt might push me off a cliff and I would be like why bother? And just take my check and spend it.

 

[Ngwira]

110,000 AA miles are in my account due to 2 sign up bonuses on business cards! All for $2,010 spend. Not Bad!!! Barclay Aviator business points just posted today!

 

[Judique]

Has anyone ever used a cc, in full or partially, to purchase a new car? Like new-new, not new-to-you.

Dh is looking at a hybrid, either the Prius or the Kia Nero (Nero? Nemo? lol). We're going to drive both this weekend to get an idea of how they feel, but he'll probably end up ordering one with the features and color that he wants.

I've been able to put $5K towards one but haven't bought a new one in 4 years or so.

 

[jimitrout]

Unfortunately, I live in the one state in the union where Barclay cards are unavailable. I could really use the extra credit card provider.

must be from Iowa..When I was denied, I couldn't understand. Then I found out Iowa and Puerto Rico are the only places they automatically deny.

 

[wendow]

Has anyone ever used a cc, in full or partially, to purchase a new car? Like new-new, not new-to-you.

Dh is looking at a hybrid, either the Prius or the Kia Nero (Nero? Nemo? lol). We're going to drive both this weekend to get an idea of how they feel, but he'll probably end up ordering one with the features and color that he wants.

It depends on the dealership. Our Honda dealership would not take a cc for any part of the purchase in Jan 2017.

 

[tink1970]

Guess I should add a line in my budget for school testing, college applications, all that stuff that comes up in the last couple of years of highschool...

Yes, do it now. I have blocked out the fees we've paid this year (and last) for SATs, sending SATs, the CSS, college applications, etc but I know it was well over $1000.

 

[amalone1013]

Today is a much happier mail day. Freedom card to replace my CSR downgrade, New tags for car that I paid online for Arrival MSR, Disney vacation booklets, travel backpack in time for DH to use next Monday, and cute shoes I ordered from Macy's

 

[Judique]

It depends on the dealership. Our Honda dealership would not take a cc for any part of the purchase in Jan 2017.

Yes, depends on who owns the dealership. I was able to do $5K at one of the Honda dealerships here.

But, if they didn't take it, I'd have just gone to the next Honda dealership and tell them which car I wanted and they would go get it for me (possibly from that dealership) and take my card. Too many dealerships around this area for them to get picky.

 

[hsmamato2]

He has helped many get out of debt...I don't agree with his firm anti-CC stance, but there are people who should not be using CC at all. But the generalization (his) that they are evil and everyone runs them up...just wrong.

I used to listen to Dave Ramsey daily.... he has a lot of good info for people...and there are plenty who need it. There are way too many people in foolsih amounts of debt and it's hurting their lifstyle. I always enjoyed listening to a lot of the common sense advice about spending/saving etc. And I have some lovely friends IRL who literally can't go near cc's..... they just do cash,and it's better for them that way. I'm always wondering if it's true or not,his stance that if you use a cc to pay, you usually spend more than if you were using cash straight up. I wonder if that's true with me sometimes. (overall tho I don't follow his cc advice since we have plenty of retsraint and no outstanding debt other than a mortgage anyway)

 

[wendow]

Yes, depends on who owns the dealership. I was able to do $5K at one of the Honda dealerships here.

But, if they didn't take it, I'd have just gone to the next Honda dealership and tell them which car I wanted and they would go get it for me (possibly from that dealership) and take my card. Too many dealerships around this area for them to get picky.

This Honda dealership is the best car dealership we've ever dealt with. Owned by a local family who does great things for the community. We've bought our last 4 vehicles from them and had the best experiences. So, we wouldn't go elsewhere but yes, in general, I totally agree.

 

[LuckyMamaInDE]

8x rewards at Safeway etc stores on Happy cards (DoC) https://www.doctorofcredit.com/safe...ndalls-albertsons-tom-thumb-acme-jewel-shaws/

 

[wendow]

I'm always wondering if it's true or not,his stance that if you use a cc to pay, you usually spend more than if you were using cash straight up. I wonder if that's true with me sometimes. (overall tho I don't follow his cc advice since we have plenty of retsraint and no outstanding debt other than a mortgage anyway)

I think in very few settings is this true. He gives examples like buying a tv that say costs $1000 and you walk up to the sales guy and offer $800 cash. And the sales guy takes your $800 instead of charging you $1000. IS that at Best Buy, Sears, or where?? Only some very small store is going to operate like that. He gives that example about buying furniture. I don't know of any furniture store that would operate that way either.

 

[DisneyMandC]

I'm always wondering if it's true or not,his stance that if you use a cc to pay, you usually spend more than if you were using cash straight up. I wonder if that's true with me sometimes. (overall tho I don't follow his cc advice since we have plenty of retsraint and no outstanding debt other than a mortgage anyway)

I've heard so many people say to do cash envelopes or carry cash for little expenses because it's harder to part with than just swiping a credit card, but I've found it to be the total opposite in my case. If I have a couple random dollars in my purse, I'm totally willing to spend that on books from Goodwill or some Starbucks or something. But swiping my credit card? Well, let me think about it because then I'm going to log this in my budget later and it will be more out of my restaurant budget so then I'll have less money freed up to go to my horse show budget line item... etc.

Then again, I am whatever the opposite of an impulse spender is. It will literally take me years to decide to purchase an item. I've wanted one of those Disney jerseys since our August 2017 trip and I still can't convince myself to spend the money on it

 

[DisneyMandC]

I think in very few settings is this true. He gives examples like buying a tv that say costs $1000 and you walk up to the sales guy and offer $800 cash. And the sales guy takes your $800 instead of charging you $1000. IS that at Best Buy, Sears, or where?? Only some very small store is going to operate like that. He gives that example about buying furniture. I don't know of any furniture store that would operate that way either.

Agreed, and I pay cash for several very large bills (our monthly horse training being one of them), but these are all independent self-employed people. I grew up with self-employed parents so I know the value of cash, but I only use it with those I can trust, and on things I don't need a warranty on.

 

[Haley R]

must be from Iowa..When I was denied, I couldn't understand. Then I found out Iowa and Puerto Rico are the only places they automatically deny.

Looks like I won’t be applying then. Just another reason to move out of this place

 

[Haley R]

I've heard so many people say to do cash envelopes or carry cash for little expenses because it's harder to part with than just swiping a credit card, but I've found it to be the total opposite in my case. If I have a couple random dollars in my purse, I'm totally willing to spend that on books from Goodwill or some Starbucks or something. But swiping my credit card? Well, let me think about it because then I'm going to log this in my budget later and it will be more out of my restaurant budget so then I'll have less money freed up to go to my horse show budget line item... etc.

Then again, I am whatever the opposite of an impulse spender is. It will literally take me years to decide to purchase an item. I've wanted one of those Disney jerseys since our August 2017 trip and I still can't convince myself to spend the money on it

I’m the same way. If I have a small amount of cash I’m gonna go spend it on something stupid like candy, but if I have my cc I have to really think about needing something like that. For me, ccs help cut out a lot of those little spends that I don’t need.

 

[amalone1013]

I've heard so many people say to do cash envelopes or carry cash for little expenses because it's harder to part with than just swiping a credit card, but I've found it to be the total opposite in my case. If I have a couple random dollars in my purse, I'm totally willing to spend that on books from Goodwill or some Starbucks or something.

This is how DH is too. Since he still gets a paper expense check and refuses to mobile deposit it, that's usually when we will pull cash out (I like to keep a little for when we travel, plus always at least a $10 and some ones to tip at the PP restaurant at DEN). But I have to immediately take it away from him or it's just... gone. Vaporized. Poof.

 

[Haley R]

This is how DH is too. Since he still gets a paper expense check and refuses to mobile deposit it, that's usually when we will pull cash out (I like to keep a little for when we travel, plus always at least a $10 and some ones to tip at the PP restaurant at DEN). But I have to immediately take it away from him or it's just... gone. Vaporized. Poof.

Why does he refuse to mobile deposit it? lol

 

[alryan]

I was actually listening to a bunch of recordings from his show on Youtube yesterday and man... some of the situations people get themselves into were mind blowing to me. I mean, I have a lot of student debt. But yeesh.

Well at least you have a good career from your student loans! I'll never forget a lady that called in with $250,000 of student loans with a bachelor's degree in social work. Nothing wrong with social work, but not the most lucrative career. One of the few times that Dave was almost speechless.