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I see a lot of people pay with check cards and I can't figure out why'd you want to do it unless you just weren't able to get a credit card.
Balance your checkbook with a bunch of little charges is a pain, the liability protection isn't nearly as good as a credit card and you can get rewards with the credit card.
I don't use a check card - a credit card is a lot easier and provides a more thorough record of transactions. I do balance my checkbook occasionally, but in a pretty general way, mainly to see if there are items that haven't been transacted yet. It's a ballpark balance figure I'm after.
I use a check card for everything. And my check card has better protection then my credit card - as it is through a credit union. I have very thorough informatin for each tansaction and balancing is easier (for me) then using a check book. Plus its a good stop point for not buying anything that I can't pay for cash up front.
Honestly I don't know why anyone would use a credit card unless they are extremely dedicated in paying off the balance each month.. Rewards.. who cares.. again - its all about dedication in paying something off and being disciplined enough to know what you truly can afford.
I look at these "rewards" like this... I have a rewards card that I use for online purchases - then pay off at the end of the month.. 1 point per dollar spent.. at 9.99% interest... really not worth it in my book. The fact I have NO fees on my check card, over draft protection, i get a human when I call, I never have to push x button for English and getting a loan in less then 1 minute is worth more to me then any rewards card.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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No interest on a debit card, and I hate having to write a check, especially when many stores take the $ electronically and hand the check back anyway. No need to "balance" a checking account any more, just go online to check the balance any time you want, even from the cell phone.
I use a check card for everything. And my check card has better protection then my credit card - as it is through a credit union. I have very thorough informatin for each tansaction and balancing is easier (for me) then using a check book. Plus its a good stop point for not buying anything that I can't pay for cash up front.
Honestly I don't know why anyone would use a credit card unless they are extremely dedicated in paying off the balance each month.. Rewards.. who cares.. again - its all about dedication in paying something off and being disciplined enough to know what you truly can afford.
I look at these "rewards" like this... I have a rewards card that I use for online purchases - then pay off at the end of the month.. 1 point per dollar spent.. at 9.99% interest... really not worth it in my book. The fact I have NO fees on my check card, over draft protection, i get a human when I call, I never have to push x button for English and getting a loan in less then 1 minute is worth more to me then any rewards card.
Just me and my opinion though
Better protection than a credit card? I have my doubts.
Use cash or a debit card for everything. Yes, I have a credit card, and of course I reconcile my checking account. Not at all impressed with "rewards" and have been very successful in managing my money, thankyouverymuch.
Honestly I don't know why anyone would use a credit card unless they are extremely dedicated in paying off the balance each month.. Rewards.. who cares.. again - its all about dedication in paying something off and being disciplined enough to know what you truly can afford.
Who cares? Well I do, 1~3% back is huge over time.
I'm not sure why you are talking about interest rates and "getting a loan within a minute".
Who provides a check-card with better fraud protection than a good credit card?
No interest on a debit card, and I hate having to write a check, especially when many stores take the $ electronically and hand the check back anyway. No need to "balance" a checking account any more, just go online to check the balance any time you want, even from the cell phone.
I'm not sure I understand this, how does online banking remove the need to balance your check-book? Checks can take weeks to clear and even online-payments can take 2-4 days.
There is no interest on a credit card if you pay it off as well.
So you forgo 1~1.5% or so on your transactions so you don't have to write a check or make an online payment?
Not sure why you're so concerned about the way others manage their money. You've found a system that works for you. That's great. Why do you think the rest of us need to follow suit?
I see a lot of people pay with check cards and I can't figure out why'd you want to do it unless you just weren't able to get a credit card.
Balance your checkbook with a bunch of little charges is a pain, the liability protection isn't nearly as good as a credit card and you can get rewards with the credit card.
Do people still balance their checkbooks?
Curious on your thoughts about people that pay with cash.
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