Quote:
Originally Posted by Seth Manson
Just like AaronM, I dont have credit cards. Dont need credit cards with a 6 figure income.
Home and vehicle are all I have financed, and didnt really need to finance the vehicle.
I have a $5000 daily limit on my debit card and I wont like that being reduced at all.
Sure, using it as a credit card works fine and racks up reward points. But it costs merchants more to process credit vs debit, and once you take the debit option away the merchants are going to raise their fees to cover their loss. In the end, the consumers get fucked. Like always.
Pretty much the only time I use my debit card and its less than $100 is for lunch or gas.
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I'm the same way, have been like this since 1995.
One time in Phoenix while working for Lightspeed Cash I decided to open up a credit account at a jewelery store a few weeks before Valentine's day because I wanted to buy my wife something nice with her seeing it in our bank account. The chick who opened up the account read my application and said "Mr Buss, your supposed to put down your monthly income, not your yearly income". Seems what I listed for my monthly income was what most of her customers make in a year.