Cash/Checks vs. Cards at Restaurants

[baygo]

Originally Posted by Wifi-1

There is another facet to this, and that is privacy. If an insurance company gets a hold of your credit card bill, they can count the number of times you bought an ice cream and correlate it to your health, or more to the point: Imagine a divorce lawyer who analyses where you went, demanding who ordered the more expensive item, they have proof you went. Wait, this actually happened to me, so no imagination needed.

Law-enforcement may also use credit card records to investigate automobile accidents that may involve alcohol.

[TheTimeTraveler]

Originally Posted by baygo

Law-enforcement may also use credit card records to investigate automobile accidents that may involve alcohol.

True; and don't forget all the cell phone records to determine where one has been and if they have been texting while driving....

[iw8surf]

Reading this and you can clearly see the generational divide on how to pay for things. I had to teach a fellow employee whos fresh out of school how to make out a check the other day. Her response was " I pay everything online". Which I do too now, but in the past like most of us have had to at least write checks some something!

[MAXUM]

Businesses these days are just rolling those CC fees into their prices so that so called cash back rewards is basically a partial refund from the fees you've already paid. I love how all these rewards programs are out there suggesting you can make all this money on them. Um NO it's simply a gimmick that people fall for and usually those that can least afford it. It's just encouraging people to spend more in the hopes they get a larger check back and in exchange driving up consumer debt and those nasty CC APR charges for carrying a balance which the backers of said cards are banking on. Even if you are paying off your CC every month, I guarantee you it's still costing you something for every swipe.

The best credit card "rewards" program is to actually invest in the their stocks which pay a nice dividend and at least Visa and MasterCard stocks have been doing quite well lately. Combine that plus your individual card "rewards" minus cap gains and dividend taxes you may just make a little something.

[jbolty]

Originally Posted by iw8surf

Reading this and you can clearly see the generational divide on how to pay for things. I had to teach a fellow employee whos fresh out of school how to make out a check the other day. Her response was " I pay everything online". Which I do too now, but in the past like most of us have had to at least write checks some something!

Write a check once in a blue moon.

I still have checks pre-printed with the date line as 19____

My friend who used to be a bank teller told me they stopped doing that in about 1998.