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Old Today, 08:20 AM
Status: "General Contractor" (set 4 days ago)
 
99 posts, read 8,375 times
Reputation: 78

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Quote:
Originally Posted by jbgusa View Post
including, crucially, my ACA payments of about $28,000 a year, [/list]
You pay $28k a year for the 'Affordable Care Act' ?
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Old Today, 08:36 AM
 
Location: New York Area
16,398 posts, read 6,483,431 times
Reputation: 12614
Quote:
Originally Posted by Woody01 View Post
You pay $28k a year for the 'Affordable Care Act' ?
My monthly premium to MVP Premier.

As on add-on to my earlier post another significant payment that I cannot make through a rebate credit-card is my mortgage; about $13,000 a year for a bit more than one more year.
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Old Today, 12:39 PM
 
Location: Massachusetts
9,802 posts, read 10,652,364 times
Reputation: 13737
Quote:
Originally Posted by SOON2BNSURPRISE View Post
I was listening to Frank Abagnale talk about his life. He has spent the past 40 years working for the FBI. He is an interesting person to listen to. Some years back a movie about him was made based on his book, Catch Me If You Can

In a question and answer segment he was asked about debit cards. He commented that he never uses them. That a debit card does nothing for you and can open you up to fraud. He says he uses credit cards for everything. When the bill comes he pays off the bill.

Frank mentions that with a credit card, if you suspect fraud, you call your credit card company and they will suspend the payments to the fraud. They will cancel your card and send you a new one right away.

With a debit card you might lose your money, wont have use of it until an investigation takes place. It might take weeks to get your money back.

While a credit card used wisely builds your credit, a debit card does nothing for you.

With a credit card you are using someone else's money during the month for free, as long as you pay off the balance when the statement comes. Your money stays in your bank and only comes out when you make that payment.

The idea sounds intriguing. Anyone else using a credit card to pay the bills and then paying it off each month and not using a debit card?
I do exactly this, and have done it for years.

I don't want for the end of the month however....I pay the balance off as soon as it changes from pending and hits my card.

I earn a lot of points this way, which I apply directly to the bill. I never pay interest, and have probably earned thousands in points by now.


Only a couple time have I had an issue with the charge, and the CC company immediately takes my side.

I only use the debit card to pull out cash when I need cash on hand.
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Old Today, 12:57 PM
 
3,622 posts, read 2,230,680 times
Reputation: 2785
Quote:
Originally Posted by jbgusa View Post
My monthly premium to MVP Premier.
What does this have to do with ACA?
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Old Today, 01:57 PM
 
7,993 posts, read 4,524,423 times
Reputation: 11932
"I don't want for the end of the month however....I pay the balance off as soon as it changes from pending and hits my card. I earn a lot of points this way..."

I don't understand this; aren't rewards points based on the amount you charge rather than when you pay it off?
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Old Today, 02:08 PM
Status: "Whatever it takes - ‘cause I love the adrenaline in my veins" (set 1 day ago)
 
Location: San Francisco
2,537 posts, read 600,077 times
Reputation: 1398
Quote:
Originally Posted by otterhere View Post
"I don't want for the end of the month however....I pay the balance off as soon as it changes from pending and hits my card. I earn a lot of points this way..."

I don't understand this; aren't rewards points based on the amount you charge rather than when you pay it off?
Yes, as long as you aren’t late - and not only that, one would have to keep continuously paying on (practically) a daily basis if one was going to ‘pay the balance’ every time a charge ‘hits the card’ (which is instantaneous). I can pay for dinner and literally two seconds later, I’m alerted of my charge via text.
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Old Today, 06:48 PM
 
Location: New York Area
16,398 posts, read 6,483,431 times
Reputation: 12614
Quote:
Originally Posted by otterhere View Post
"I don't want for the end of the month however....I pay the balance off as soon as it changes from pending and hits my card. I earn a lot of points this way..."

I don't understand this; aren't rewards points based on the amount you charge rather than when you pay it off?
If you have insurance, but not through your employer, i.e. an individual or family plan, not Medicare and not Medicaid, the coverage is under the Affordable Care Act.
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