Quote:
Originally Posted by BonzoHansen
Another CC use tidbit. One of the top areas for CC and ID theft? Restaurants. Another place I'd avoid using plastic is at a bar/nightclub, like Jenkinsons and such. Both for fraud reasons and to keep things from getting out of hand (how the hell do I have a $300 bill! lol).
The old saying 'cash is king' still holds true.
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1. Cash is not king, I just ordered something worth 1000 dollars. I will receive a percentage of that money back via my credit card, I will be protected if the other side decides to screw with me, and it's way better that to send them "cash".
If you used cash to buy flowers for your wife, you would pay face value, I would pay 80% of it, because that's what CC offers me. Overpaying by 20% is not "king".
2. I find it funny that you bring up an issue of ID theft. Did you know that Peter Lugers accepts debit cards? Debit card usage entails that I give out my password, in a restaurant of all places, how's that for ID theft? Or do they just run it as credit, so you don't have to give out your password? In which case someone needs to call the IRS
edit* We can review how it's bad to use your debit instead of credit, but I think you know that already..