Comments on: The other side of the card http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/ Learning about frugality Sat, 13 Mar 2010 19:57:39 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: karla (threadbndr) http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3878 karla (threadbndr) Thu, 26 Feb 2009 18:22:59 +0000 http://almostfrugal.com/?p=2491#comment-3878 I have and use both credit and debit cards. The credit card is for travel, mostly. I don't want to put up with the 'cash hold' that hotels and car rental places put on debit cards, thought I totally understand why they do it. So those charges go on the credit card and are then paid off with money from the vacation fund when the next bill cycle comes along. That keeps my credit card history active (since I'm using it a couple of times a year) but it's still a budgeted expenditure. Daily expenses, debit card all the way. I have a high yeild checking account, which requires direct deposit and a certain number of 'no pin' debit card transactions each billing cycle to get the higher interest. I have and use both credit and debit cards. The credit card is for travel, mostly. I don’t want to put up with the ‘cash hold’ that hotels and car rental places put on debit cards, thought I totally understand why they do it. So those charges go on the credit card and are then paid off with money from the vacation fund when the next bill cycle comes along. That keeps my credit card history active (since I’m using it a couple of times a year) but it’s still a budgeted expenditure.

Daily expenses, debit card all the way. I have a high yeild checking account, which requires direct deposit and a certain number of ‘no pin’ debit card transactions each billing cycle to get the higher interest.

]]> By: The Carnival of Debt Reduction - Quotable Quotes Edition | Credit Repair Strategies http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3869 The Carnival of Debt Reduction - Quotable Quotes Edition | Credit Repair Strategies Wed, 25 Feb 2009 15:19:09 +0000 http://almostfrugal.com/?p=2491#comment-3869 [...] from Almost Frugal presents The other side of the card posted at Almost Frugal- a frugal [...] [...] from Almost Frugal presents The other side of the card posted at Almost Frugal- a frugal [...]

]]> By: Andy @ Retire at 40 http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3815 Andy @ Retire at 40 Sun, 22 Feb 2009 03:37:01 +0000 http://almostfrugal.com/?p=2491#comment-3815 You're right, <a>Credit Cards</a> can be good and when used properly can be a great source of money savings. I would however disagree with your point about using them for an Emergency. In reality a good Emergency Fund should be the way forward rather than the use of a credit card. I would hope that wouldn't be needed though maybe in the case of an Emergency Emergency it could be a last resort (but keep it as a last resort though). <abbr><em>Andy @ Retire at 40´s last blog post..<a href="http://www.retire-at-40.com/blog/turning-a-rental-house-into-completely-passive-income.html" rel="nofollow">Turning a Rental House into Completely Passive Income</a></abbr></em> You’re right, Credit Cards can be good and when used properly can be a great source of money savings.

I would however disagree with your point about using them for an Emergency. In reality a good Emergency Fund should be the way forward rather than the use of a credit card. I would hope that wouldn’t be needed though maybe in the case of an Emergency Emergency it could be a last resort (but keep it as a last resort though).

Andy @ Retire at 40´s last blog post..Turning a Rental House into Completely Passive Income

]]> By: Weekly Roundup | Master Your Card http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3739 Weekly Roundup | Master Your Card Mon, 16 Feb 2009 00:30:52 +0000 http://almostfrugal.com/?p=2491#comment-3739 [...] Kelly @ Almost Frugal talks about the other side of credit cards. Despite their evil ways, they do have some good traits to [...] [...] Kelly @ Almost Frugal talks about the other side of credit cards. Despite their evil ways, they do have some good traits to [...]

]]> By: Kristy @ Master Your Card http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3737 Kristy @ Master Your Card Sun, 15 Feb 2009 23:11:05 +0000 http://almostfrugal.com/?p=2491#comment-3737 Thanks for posting that Kelly! <abbr><em>Kristy @ Master Your Card´s last blog post..<a href="http://masteryourcard.com/blog/2009/02/13/would-you-work-part-time-just-to-have-a-job/" rel="nofollow">Would You Work Part-Time Just to Have a Job?</a></abbr></em> Thanks for posting that Kelly!

Kristy @ Master Your Card´s last blog post..Would You Work Part-Time Just to Have a Job?

]]> By: Kika http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3724 Kika Fri, 13 Feb 2009 16:12:54 +0000 http://almostfrugal.com/?p=2491#comment-3724 Hi Shannon, what kind of card do you use which enables you to "earn" about $1000/year? Hi Shannon, what kind of card do you use which enables you to “earn” about $1000/year?

]]> By: Shannon http://almostfrugal.com/2009/02/11/the-other-side-of-the-card/comment-page-1/#comment-3717 Shannon Fri, 13 Feb 2009 03:15:47 +0000 http://almostfrugal.com/?p=2491#comment-3717 We use credit but pay in full each month. If I knew of a debit card that offered the rewards we get on our credit card then I'd go for it. I like the easy in downloading transactions, the 'protection' and especially the ~$1000 cash we make each year by using our credit card! We use credit but pay in full each month. If I knew of a debit card that offered the rewards we get on our credit card then I’d go for it. I like the easy in downloading transactions, the ‘protection’ and especially the ~$1000 cash we make each year by using our credit card!

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